UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-QSB



(Mark One)



[X]

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

For the quarterly period ended February 28, 2006



OR



[  ]

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _____________ to _____________



Commission file number 000-50931





FURIO RESOURCES INC.

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



|Nevada                                                         |                                   | 33-1086828
|-------------------------------------------------------------- | --------------------------------- | ----------
|(State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.)



Suite 1802, 888 Pacific Street

Vancouver, British Columbia, V6Z 2S6, Canada

(Address of principal executive offices)



(604) 619-6328

(Issuers telephone number)



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]



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





APPLICABLE ONLY TO CORPORATE ISSUERS



State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: 4,831,000 shares of common stock are issued and outstanding as of March 27, 2006.



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





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PART I  FINANCIAL INFORMATION



Item 1.

Financial Statements.



These financial statements have been prepared by Furio Resources Inc. (the Company) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted in accordance with such SEC rules and regulations. In the opinion of management, the accompanying statements contain all adjustments necessary to present fairly the financial position of the Company as of February 28, 2006, and its results of operations for the three and nine-month periods ended February 28, 2006, and its cash flows for the nine-month period ended February 28, 2006. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the related notes filed as a part of the Companys Form 10-KSB.





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Furio Resources Inc.

(An Exploration Stage Company)

Balance Sheet

(Unaudited)

|                                                                                               | February 28,    | 
|---------------------------------------------------------------------------------------------- | --------------- | 
|                                                                                               | 2006            | 
|                                                                                               |                 | 
|ASSETS                                                                                         |                 | 
|                                                                                               |                 | 
|Current Assets                                                                                 |                 | 
|Cash and cash equivalents                                                                      | $         8,167 | 
|Deferred tax asset, less valuation allowance of $32,947                                        | -               | 
|                                                                                               |                 | 
|                                                                                               |                 | 
|Total Assets                                                                                   | $         8,167 | 
|                                                                                               |                 | 
|LIABILITIES AND STOCKHOLDERS EQUITY                                                           |                 | 
|                                                                                               |                 | 
|Current Liabilities                                                                            |                 | 
|Accounts payable and accrued liabilities                                                       | $         6,100 | 
|Total Current Liabilities                                                                      | 6,100           | 
|                                                                                               |                 | 
|Commitments and Contingencies (Notes 2 and 4)                                                  |                 | 
|                                                                                               |                 | 
|Stockholders Equity                                                                           |                 | 
|Common stock, $0.001 par value; 75,000,000 shares authorized, 4,831,000 issued and outstanding | 4,831           | 
|Additional paid-in capital                                                                     | 91,369          | 
|Deficit accumulated during the exploration stage                                               | (94,133)        | 
|                                                                                               |                 | 
|Total Stockholders Equity                                                                     | 2,067           | 
|                                                                                               |                 | 
|Total Liabilities and Stockholders Equity                                                     | $         8,167 | 





The accompanying notes are an integral part of these interim financial statements.







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Furio Resources Inc.

(An Exploration Stage Company)

Statements of Operations

(Unaudited)

|                                                              | Cumulative
amounts from
inception
(February 19,
2004) to
February 28, 2006 | Three-month
period ended
February 28, 2006 | Three-month
period ended
February 28, 2005 | Nine-month
period ended
February 28, 2006 | Nine-month
period ended
February 28, 2005
|------------------------------------------------------------- | -------------------------------------------------------------------------- | ------------------------------------------ | ------------------------------------------ | ----------------------------------------- | -----------------------------------------
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|EXPENSES                                                      |                                                                            |                                            |                                            |                                           |                                          
|Bank charges                                                  | $ 380                                                                      | $ 23                                       | $ 24                                       | $ 113                                     | $ 158                                    
|Mineral property expenditures                                 | 50,123                                                                     | -                                          | -                                          | 6,429                                     | 1,916                                    
|Office expenses                                               | 726                                                                        | -                                          | -                                          | 22                                        | 451                                      
|Professional and filing fees                                  | 41,544                                                                     | 3,128                                      | 3,879                                      | 11,764                                    | 19,046                                   
|Transfer agent                                                | 1,675                                                                      | -                                          | 75                                         | 500                                       | 1,075                                    
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Loss before interest income
and income taxes                  | (94,448)                                                                   | (3,151)                                    | (3,978)                                    | (18,828)                                  | (22,646)                                 
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Interest income                                               | 315                                                                        | -                                          | -                                          | -                                         | -                                        
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Loss before income taxes                                      | (94,133)                                                                   | (3,151)                                    | (3,978)                                    | (18,828)                                  | (22,646)                                 
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Provision for income taxes                                    | -                                                                          | -                                          | -                                          | -                                         | -                                        
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Net loss                                                      | $       (94,133)                                                           | $      (3,151)                             | $      (3,978)                             | $     (18,828)                            | $     (22,646)                           
|                                                              |                                                                            |                                            |                                            |                                           |                                          
|Basic and diluted net loss
per share                          |                                                                            |                                            |                                            |                                           |                                          
|                                                              | $              -                                                           | $              -                           | $                -                         | $               -                        
|Weighted average number of
shares of common stock
outstanding |                                                                            |                                            |                                            |                                           |                                          
|                                                              | 4,831,000                                                                  | 4,831,000                                  | 4,831,000                                  | 4,831,000                                





The accompanying notes are an integral part of these interim financial statements.





---



Furio Resources Inc.

(An Exploration Stage Company)

Statements of Cash Flows

(Unaudited)

|                                                                | Cumulative
amounts from
inception
(February 19,2004) to
February 28, 2006 | Nine-month
period ended
February 28, 2006 | Nine-month
period ended
February 28,2005
|--------------------------------------------------------------- | ------------------------------------------------------------------------- | ----------------------------------------- | ----------------------------------------
|                                                                |                                                                           |                                           |                                         
|Cash flows from exploration stage activities                    |                                                                           |                                           |                                         
|Net loss                                                        | $      (94,133)                                                           | $       (18,828)                          | $     (22,646)                          
|Change in liabilities:                                          |                                                                           |                                           |                                         
|Increase (decrease) in accounts payable and accrued liabilities | 6,100                                                                     | (24,342)                                  | 1,490                                   
|                                                                |                                                                           |                                           |                                         
|Net cash used in exploration stage activities                   | (88,033)                                                                  | (43,170)                                  | (21,156)                                
|                                                                |                                                                           |                                           |                                         
|Cash flows from financing activities                            |                                                                           |                                           |                                         
|Proceeds from sale of common stock                              | 96,200                                                                    | -                                         | -                                       
|                                                                |                                                                           |                                           |                                         
|Net cash provided by financing activities                       | 96,200                                                                    | -                                         | -                                       
|                                                                |                                                                           |                                           |                                         
|                                                                |                                                                           |                                           |                                         
|Change in cash and cash equivalents for the period              | 8,167                                                                     | (43,170)                                  | (21,156)                                
|                                                                |                                                                           |                                           |                                         
|Cash and cash equivalents, beginning of period                  |                                                                          | 51,337                                    | 21,774                                  
|                                                                |                                                                           |                                           |                                         
|Cash and cash equivalents, end of period                        | $        8,167                                                            | $       $8,167                            | $          618                          
|                                                                |                                                                           |                                           |                                         
|Cash paid during the period for interest                        | $                                                                        | $                                        | $                                      
|                                                                |                                                                           |                                           |                                         
|Cash paid during the period for income taxes                    | $                                                                        | $                                        | $                                      





The accompanying notes are an integral part of these interim financial statements.









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Furio Resources Inc.

(An Exploration Stage Company)

Notes to Interim Financial Statements

February 28, 2006

(Unaudited)



1.   HISTORY AND ORGANIZATION OF THE COMPANY



The Company was incorporated on February 19, 2004, under the Laws of the State of Nevada and is in the business of exploring mineral properties. The Company has not yet determined whether its properties contain mineral resources that may be economically recoverable.  Therefore, the Company has not reached the development stage and is considered to be an exploration stage company.



The recoverability of mineral property costs is dependent upon the existence of economically recoverable reserves, confirmation of the Companys interest in the underlying mineral claims, the ability of the Company to obtain necessary financing to complete the exploration and upon future profitable production.



The accompanying unaudited financial statements have been prepared by the Company in conformity with generally accepted accounting principles in the United States of America for interim financial statements. In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary (consisting of normal recurring accruals) to present fairly the financial information contained therein. The accompanying unaudited financial statements do not include all disclosures required by generally accepted accounting principles in the United States of America and should be read in conjunction with the audited financial statements of the Company for the year ended May 31, 2005. The results of operations for the three and nine months ended February 28, 2006, are not necessarily indicative of the results expected for the year ending May 31, 2006.



2.   GOING CONCERN



These financial statements have been prepared with the on-going assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business.  However, certain conditions noted below currently exist which raise substantial doubt about the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.



The operations of the Company have primarily been funded by the sale of common stock. Continued operations of the Company are dependent on the Companys ability to complete additional equity financings or generate profitable operations in the future. Managements plan in this regard is to secure additional funds through future equity financings. Such financings may not be available or may not be available on reasonable terms.



|                                                 | February 28, 2006(Unaudited)
|------------------------------------------------ | ----------------------------
|Deficit accumulated during the exploration stage | $ (94,133)                  
|Working capital                                  | 2,067                       



3.   SIGNIFICANT ACCOUNTING POLICIES

The financial statements are stated in US dollars. Certain significant accounting policies adopted by the Company are as follows:



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Furio Resources Inc.

(An Exploration Stage Company)

Notes to Interim Financial Statements

February 28, 2006

(Unaudited)



3.   SIGNIFICANT ACCOUNTING POLICIES(continued)

Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from these estimates.

Cash and cash equivalents

The Company considers cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents.

Mineral properties

Costs of acquisition, exploration, carrying, and retaining unproven properties are expensed as incurred.

Environmental requirements

At the report date, environmental requirements related to mineral claims acquired are unknown and therefore an estimate of any future cost cannot be made.

Income taxes

A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards. Deferred tax expenses (benefit) result from the net change during the period of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Net loss per share

Basic net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic net loss per share) and potentially dilutive shares of common stock. Diluted net loss per share is not presented separately from net loss per share since there are no potentially dilutive shares of common stock outstanding.

Recent Accounting Pronouncements

In December 2004, FASB issued Statement of Financial Accounting Standards No. 153, Exchanges of Nonmonetary Assets  an amendment of APB Opinion No. 29 (SFAS 153) which amends Accounting Principles Board Opinion No. 29, Accounting for Nonmonetary Transactions to eliminate the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception for exchanges of nonmonetary assets that do not have commercial substance. A nonmonetary exchange has commercial substance if the future cash flows of the entity are expected to change significantly as a result of the exchange.  SFAS 153 is effective for nonmonetary asset exchanges occurring in fiscal periods beginning after June 15, 2005.



In December 2004, FASB issued Statement of Financial Accounting Standards No. 123R, Share Based Payment (SFAS 123R). SFAS 123R supersedes Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees" and its related implementation guidance by requiring entities to recognize the cost of employee services received in exchange for awards of equity instruments based on the



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Furio Resources Inc.

(An Exploration Stage Company)

Notes to Interim Financial Statements

February 28, 2006

(Unaudited)



3.   SIGNIFICANT ACCOUNTING POLICIES(continued)

grant-date fair value of those awards (with limited exceptions) and revises Statement of Financial Accounting Standards No. 123 Accounting for Stock-Based Compensation (SFAS 123) as follows:



i)

Public entities are required to measure liabilities incurred to employees in share-based payment transactions at fair value and nonpublic entities may elect to measure their liabilities to employees incurred in share-based payment transactions at their intrinsic value whereas under SFAS 123, all share-based payment liabilities were measured at their intrinsic value.

ii)

Nonpublic entities are required to calculate fair value using an appropriate industry sector index for the expected volatility of its share price if it is not practicable to estimate the expected volatility of the entitys share price.

iii)

Entities are required to estimate the number of instruments for which the requisite service is expected to be rendered as opposed to accounting for forfeitures as they occur.

iv)

Incremental compensation cost for a modification of the terms or conditions of an award is measured by comparing the fair value of the modified award with the fair value of the award immediately before the modification whereas SFAS 123 required that the effects of a modification be measured as the difference between the fair value of the modified award at the date it is granted and the awards value immediately before the modification determined based on the shorter of (1) its remaining initially estimated expected life or (2) the expected life of the modified award.



SFAS 123R also clarifies and expands guidance in several areas, including measuring fair value, classifying an award as equity or as a liability and attributing compensation cost to reporting periods. SFAS 123R does not change the accounting guidance for share-based payment transactions with parties other than employees provided in SFAS 123 as originally issued and EITF 96-18. SFAS 123R also does not address the accounting for employee share ownership plans which are subject to Statement of Position 93-6, Employers Accounting for Employee Stock Ownership Plans. Public entities (other than those filing as small business issuers) will be required to apply SFAS 123R as of the first annual reporting period that begins after June 15, 2005. Public entities that file as small business issuers will be required to apply SFAS 123R in the first annual reporting period that begins after December 15, 2005. For nonpublic entities, SFAS 123R must be applied as of the beginning of the first annual reporting period beginning after December 15, 2005.



The adoption of these new pronouncements are not expected to have a material effect on the Companys financial position or results of operations.

4.   MINERAL PROPERTY

During the period from inception (February 19, 2004) to May 31, 2004, the Company staked, through its agent Alaska Earth Resources, Inc., mining claims located in the Iliamna Recording District of Southwestern Alaska. As the claims do not contain any known reserves, the acquisition costs were expensed during the respective periods.

By September 1, 2006, the Company must have completed $10,000 in annual labor or exploration expenditures on the mineral claims and file confirmation of work with the applicable mining recording office of the State of Alaska or make payment in lieu. In addition, by November 30, 2006, the Company must make payment to the State of Alaska, for an annual rental fee of $2,500, for the mineral claims, to keep the claims in good standing.



---

Furio Resources Inc.

(An Exploration Stage Company)

Notes to Interim Financial Statements

February 28, 2006

(Unaudited)





5.   RELATED PARTY TRANSACTIONS

During the period from inception (February 19, 2004) to February 28, 2006, the Company issued 2,000,000 shares of its common stock for proceeds of $20,000 to officers and directors of the Company.

This transaction was in the normal course of operations and was measured at the exchange value which represented the amount of consideration established and agreed to by related parties.

6.   FINANCIAL INSTRUMENTS

The Companys financial instruments consist of cash and cash equivalents, and accounts payable and accrued liabilities. Unless otherwise noted, it is managements opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximate their carrying values, unless otherwise noted.

7.   SEGMENT INFORMATION

The Company operates in one reportable segment, being the exploration of mineral properties, in Alaska.



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Item 2.  Managements Discussion and Analysis or Plan of Operation.

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as may, will, should, expects, plans, anticipates, believes, estimates, predicts, potential or continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled Risk Factors, that may cause our or our industrys actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.



Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.



As used in this quarterly report, the terms we, us and our mean Furio Resources Inc. unless otherwise indicated.



Overview



We are in the business of mineral exploration. We acquired twenty-five mineral claims in southwestern Alaska via staking which we believe are prospective for gold and copper. Our mineral claims consist of twenty-five quarter sections which cover approximately 4,000 acres or 6.25 square miles and are in good standing with the State of Alaska through to September 1, 2006.



Our objective is to conduct mineral exploration activities on the property in order to assess whether it possesses commercially exploitable reserves of minerals. To date, we have not discovered an economically viable mineral deposit on the mineral claims, and there is no assurance that we will discover one. A great deal of further exploration will be required before a final evaluation as to the economic and legal feasibility for our future development is determined.



We have no revenues, have experienced losses since inception, have no operations, have been issued a going concern opinion by our auditors and rely upon the sale of our securities to fund operations.



Plan of Operation



Our plan of operations for the next twelve months is to complete the following objectives within the time periods specified, subject to our obtaining the funding necessary for the continued exploration of our mineral claims:



1.  We plan to repeat certain portions of the induced polarization survey conducted in phase one in order to gather data before making a decision to move to phase two.  The cost to repeat phase one is budgeted at $35,000 and additional funds will have to raised in order to conduct this work program planned for the summer of 2006.



2.  If warranted by the results of phase one, we intend to proceed with phase two of our recommended exploration program. Phase two will consist of detailed follow-up geological mapping and prospecting of the claim area, with grid controlled geochemical and geophysical surveys as required to cover areas of specific interest as identified in phase one. Phase two is intended to identify the geological environment underlying the mineral claims and a detailed mineralization map to scale should be produced. Phase two is estimated to cost $23,000. We will have to raise additional funding in order to conduct the phase two program. If we obtain the necessary financing, we anticipate that phase two would be conducted during the summer of 2006 and would take approximately six weeks to complete.



3.  We anticipate spending approximately $2,000 in ongoing general and administrative expenses per month for the next twelve months, for a total anticipated expenditure of $24,000 over the next twelve months. The general and administrative expenses for the year will consist primarily of professional fees for the audit and legal work relating to our regulatory filings throughout the year, as well as transfer agent fees, annual mineral claim fees of $2,500 to the State of Alaska and general office expenses.



As at February 28, 2006, we had cash reserves of $8,167 and working capital of $2,067. We anticipate that our cash and working capital will be sufficient to enable us to pay for the costs of our general and administrative expenses for the next three months. However, our ability to complete the next phase of the recommended work program will be subject to us obtaining additional financing as these expenditures will exceed our cash reserves.



During the next twelve-month period, we anticipate that we will not generate any revenue. Accordingly, we will be required to obtain additional financing in order to continue our plan of operations. We believe that debt financing will not be an alternative for funding additional phases of exploration as we do not have tangible assets to secure any debt financing. We anticipate that additional funding will be in the form of equity financing from the sale of our common stock. However, we do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund the next phase of our exploration program. In the absence of such financing, we will not be able to continue exploration of our mineral claims and our business plan will fail.  Even if we are successful in obtaining equity financing to fund the next phase of our exploration program, there is no assurance that we will obtain the funding necessary to pursue any advanced exploration of our mineral claims following the completion of the work program. If we do not continue to obtain additional financing, we will be forced to abandon our mineral claims and our plan of operations



We may consider entering into a joint venture arrangement to provide the required funding to develop the mineral claims. We have not undertaken any efforts to locate a joint venture partner for the mineral claims. Even if we determined to pursue a joint venture partner, there is no assurance that any third party would enter into a joint venture agreement with us in order to fund exploration of our mineral claims.  If we entered into a joint venture arrangement, we would likely have to assign a percentage of our interest in our mineral claims to the joint venture partner.



Results of Operations



We have had no operating revenues since our inception on February 19, 2004, through to February 28, 2006.



For the nine months ended February 28, 2006, we incurred operating costs of $18,828. These operating costs included $11,764 in professional fees for the ongoing legal and accounting costs of the quarterly and annual filings. We also incurred mineral property expenditures during the nine months ended February 28, 2006, of $6,429, which included a $2,500 annual rental fee to the State of Alaska to extend the mineral claims to September 1, 2006. The mineral property expenditures also included the final costs of the phase one work program conducted in the summer of 2005.



During the comparative period in 2005, we incurred operating costs of $22,646, including professional fees of $19,046 related to the preparation of our Form SB-2 and $1,916 in mineral property expenditures, of which $1,250 was for the annual rental fees to extend the mineral claims to September 1, 2005.



We anticipate our operating expenses will increase as we undertake our plan of operations.  The increase will be attributable to our continuing geological exploration program and continued professional fees that we anticipate incurring as we are now a reporting company with the Securities and Exchange Commission under the Securities Exchange Act of 1934.



Liquidity and Capital Resources



At February 28, 2006, we had cash on hand of $8,167 and working capital of $2,067.



Our total expenditures over the next twelve months are anticipated to be approximately $82,000.  Based on our current cash and working capital position, we will require further funding to proceed with exploration of our mineral property.  Our requirements for additional financing are discussed in further detail above under the heading Plan of Operation.



Cash used in operating activities was $43,170 for the nine months ended February 28, 2006, which reflects the costs of our operations for the period.



We have funded our business to date from sales of our common stock. Gross proceeds from the sale of our common shares during the period from inception, on February 19, 2004, through to February 28, 2006, totaled $96,200 all of which was receipted by the year ended May 31, 2004.



We anticipate continuing to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders.  There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue our exploration of the mineral claims and our venture will fail.



READERS SHOULD REFER TO RISK FACTORS SET OUT IN THE FORM 10-KSB WE FILED JULY 27, 2005, TO SEE RISK FACTORS THAT COULD AFFECT AND SUBSTANTIALLY ALTER OUR PLAN OF OPERATION.

Item 3.

Controls and Procedures.

As required by Rule 13a-15 under the Exchange Act, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of February 28, 2006, being the date of our most recently completed fiscal quarter. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer, Mr. Paul Fong, and Chief Financial Officer, Mr. Patrick McGrath. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective in timely alerting management to material information relating to us required to be included in our periodic SEC filings. There have been no significant changes in our internal controls or in other factors that could significantly affect internal controls subsequent to the date we carried out our evaluation.

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

During our most recently completed fiscal quarter ended February 28, 2006, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to affect, our internal control over financial reporting.

The term internal control over financial reporting is defined as a process designed by, or under the supervision of, the registrants principal executive and principal financial officers, or persons performing similar functions, and effected by the registrants board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

(a)

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the registrant;

(b)

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance with authorizations of management and directors of the registrant; and

(c)

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrants assets that could have a material effect on the financial statements.

PART II.OTHER INFORMATION

Item 1.

Legal Proceedings.

We are not party to any legal proceedings.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

We did not issue any securities without registration pursuant to the Securities Act of 1933 during the nine months ended February 28, 2006.

Item 3.

Default upon Senior Securities.

None

Item 4.

Submission of Matters to a Vote of Security Holders.

No matters were submitted to our security holders for a vote during the third quarter of our fiscal year ending May 31, 2006.

Item 5.

Other Information.

None.

Item 6.

Exhibits and Reports on Form 8-K

|Number | Description                                                                                                                                     
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------
|3.1    | Articles of Incorporation (1)                                                                                                                   
|3.2    | By-Laws (1)                                                                                                                                     
|3.3    | Specimen Stock Certificate (2)                                                                                                                  
|10.1   | Mining Quitclaim Deed (1)                                                                                                                       
|10.2   | Mineral Exploration Management Service Agreement between Alaska Earth Sciences, Inc. and Furio Resources Inc. dated March 7, 2005 (3)           
|10.3   | Geophysical Survey Agreement between SJ Geophysical Ltd. and Furio Resources Inc. dated May 5, 2005 (4)                                         
|31.1*  | Certification Statement of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                               
|31.2*  | Certification Statement of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                           
|32.1*  | Certification Statement of the Chief Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



* Filed herewith

(1) Incorporated by reference to the Companys Form SB-2 filed with the Securities and Exchange Commission on July 9, 2004.

(2) Incorporated by reference to the Companys Form 8-A filed with the Securities and Exchange Commission on September 10, 2004.

(3) Incorporated by reference to the Companys Form 10-QSB filed with the Securities and Exchange Commission on April 5, 2005.

(4) Incorporated by reference to the Companys Form 10-KSB filed with the Securities and Exchange Commission on July 27, 2005.





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SIGNATURES

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



FURIO RESOURCES INC.

By /S/ Paul Fong

Paul Fong, President, Chief Executive Officer, Treasurer, and Director

Date: March 27, 2006

By /S/ Patrick McGrath

Patrick McGrath, Chief Financial Officer, Secretary and Director

Date: March 27, 2006