UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM
10-QSB   X
QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period ended:
December 31, 2007orTRANSITION REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period from:
_____________ to _____________   Utah
Uranium Corp. (Exact
name of registrant as specified in its charter)   Nevada
000-50915
98-0343710(State or Other Jurisdiction
(Commission
(I.R.S. Employerof
Incorporation)
File Number)
Identification No.)  11850 South
Highway 191, Unit B-9, Moab, UT  84532 (Address
of Principal Executive Office) (Zip Code) (435)
259-0460 (Registrants telephone number, including area code)  Indicate by check mark whether the registrant (1)
has filed all reports required to be filed by Section 13 or 15(d) of
theSecurities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant wasrequired to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
X
Yes

NoIndicate by check mark whether the registrant is a
shell company (as defined in Rule 12b-2 of the Act).

Yes
X
NoIndicate the number of shares outstanding of each
of the registrants classes of common stock, as of the latest practicable
date:  38,279,200 common shares issued and outstanding as of
February 12, 2008Transitional Small Business Disclosure Format
(check one)

Yes
X
No


PART I 
FINANCIAL INFORMATION     Item
1. Financial
Statements. Following are the financial
statements of the Company for the period ended December 31, 2007.              UTAH
URANIUM CORP. (Formerly McNab Creek Gold Corp.) (An exploration stage company)  Financial Statements   December 31, 2007                       Index  Balance Sheets  Statements of Operations  Statements of Cash Flows  Notes to the Financial Statements


UTAH URANIUM CORP.(Formerly McNab Creek Gold Corp.)(An exploration stage company)BALANCE SHEETSDecember 31,
March 31,2007
2007(Unaudited)
(Audited)ASSETSCurrent
AssetsCash
$
           13,816
$
           28,303Receivables
- Note 2(g)
27,913
-Prepaids
6,821
1,623Total
Current Assets
48,550
29,926Equipment,
net
-
48Mineral
properties - Note 2
932,230
-Total
Assets
$
         980,780
$
           29,974LIABILITIES
AND STOCKHOLDERS' EQUITY (DEFICIT)Current
LiabilitiesAccounts
payable and accrued liabilities
$
         150,709
$
           59,234Promissory
notes - Note 3
319,957
-Due
to director - Note 4
13,029
13,029Total
Liabilities
483,695
72,263Contingency
- Note 1Subsequent
Events - Note 7Stockholders'
Equity (Deficit)Common
stock - Note 5Authorized
: 100,000,000 common shares, $0.0001 par valueIssued
and outstanding : 38,379,200 common shares (March 31, 2007 -
36,759,200)
3,838
3,676Additional
paid-in capital
1,667,809
349,371Deficit
accumulated during the exploration stage
(1,174,562)
(395,336)Total
Stockholders' Equity (Deficit)
497,085
(42,289)Total
Liabilities and Stockholders' Equity (Deficit)
$
         980,780
$
           29,974(The accompanying notes are an integral part of these
financial statements)





UTAH URANIUM CORP.(Formerly McNab Creek Gold
Corp.)(An exploration stage
company)STATEMENTS OF OPERATIONS(Unaudited)February 15,2001 (date ofThree months ended
Nine months ended

inception) toDecember 31,

December 31,

December 31,2007
2006
2007
2006
2007ExpensesAmortization
$
                    -
$
                  36
$
                  48
$
                115
$
                      257Compensation expenses
-
-
-
10,000
48,960Consulting fees - Note 4
54,876
19,650
401,821
34,650
477,801General and administrative
86,818
7,532
243,386
23,061
424,763Mineral exploration costs - Note
2
395
5,000
117,471
5,000
194,281Rent - Note 6
5,500
1,500
16,500
4,500
28,500Net loss
$
       (147,589)
$
         (33,718)
$
       (779,226)
$
         (77,326)
$
           (1,174,562)Loss per share attributable to commonstockholders:Basic and diluted
$
             (0.00)
$
             (0.00)
$
             (0.02)
$
             (0.00)Weighted average number ofcommon shares outstanding:Basic and diluted
38,122,826
36,079,852
37,549,164
35,920,402(The accompanying notes are an
integral part of these financial statements)





UTAH URANIUM CORP.(Formerly McNab Creek Gold Corp.)(An
exploration stage company)STATEMENTS OF CASH FLOWSFebruary 15,Nine months
Nine months
2001 (date ofended
ended
incorporation) toDecember 31,
December 31,
December 31,2007
2006
2007Operating
ActivitiesNet loss
$
                            (779,226)
$
                         (77,326)
$
                          (1,174,562)Non-cash
items:-
Amortization
48
115
432-
Compensation expense
-
-
48,960-
Donated service
4,500
4,500
16,500-
Shares issued for services
248,500
10,000
270,751Changes
in non-cash working capital items:-
Prepaids
(5,198)
(4,299)
(6,823)-
Receivables
(27,913)
-
(27,913)-
Accounts payable and accrued liabilities
91,475
(3,138)
144,542-
Due to director
-
-
17,574Net
cash used in operating activities
(467,814)
(70,148)
(710,539)Investing
ActivitiesAcquisition
of equipment
-
-
(432)Mineral
properties
(126,630)
-
(126,630)Net
cash flows used in investing activities
(126,630)
-
(127,062)Financing
activitiesProceeds
from the issuance of common stock
190,000
49,747
431,460Common
stock subscribed
-
100,000
-Proceeds
from the issuance of promissory notes
389,957
-
419,957Net
cash flows provided by financing activities
579,957
149,747
851,417Change in
cash
(14,487)
79,599
13,816Cash -
Beginning
28,303
9,037
-Cash -
End
$
                                  13,816
$
                           88,636
$
                                  13,816Supplementary
cash flow information:During the nine
months ended December 31, 2007, the Company effected the following
non-cash share transactions:- Issued 250,000
shares at a price of $1.090 of its $0.0001 par value common stock at fair
value as payment for the Family Butte Property - Note 2(a)- Issued 50,000
shares at a price of $1.052 of its $0.0001 par value common stock at fair
value as payment for the Hat Property - Note 2(c)- Issued 200,000
shares at a price of $1.120 of its $0.0001 par value common stock at fair
value as payment for the Pinto Property - Note 2(d)- Issued 50,000
shares at a price of $1.250 of its $0.0001 par value common stock at fair
value as a finders's fee for the Pinto Property - Note 2(d)- Issued 50,000
shares at a price of $0.900 of its par value common stock at fair value as
payment for the Hoopie Property - Note 2(e)- Issued 100,000
shares at a price of $0.485 of its $0.0001 par value common stock at fair
value as payment for the Whale Property - Note 2(f)- Issued 50,000
shares at a price of $1.110 of its $0.0001 par value common stock at fair
value as payment for the Whale Property - Note 2(f)- Issued 50,000
shares at a price of $0.900 of its par value common stock at fair value as
payment for the Ray Marie Property - Note 2(h)- Issued 140,000
shares at a price of $0.500 of its $0.0001 par value common stock at fair
value for a promissory note - Note 3 and Note 5(a)- Issued 100,000
shares at a price of $1.000 of its $0.0001 par value common stock at fair
value as compensation for a director - Note 5(d)- Issued 100,000
shares at a price of $0.485 of its $0.0001 par value common stock at fair
value as compensation for a director - Note 5(d)- Issued 100,000
shares at a price of $1.000 of its $0.0001 par value common stock at fair
value as compensation for a  technical consultant - Note
5(e)Cash
paid for interest
$
                                            -
$
                                       -
$
                                            -Cash
paid for income taxes
$
                                            -
$
                                       -
$
                                            -(The accompanying notes are an integral part of these
financial statements)


UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     1. Basis of Presentation Unaudited
Interim Financial Statements The accompanying unaudited interim
financial statements have been prepared in accordance with generally accepted
accounting principles in the United States (US GAAP) for interim financial
information and with the instructions to Form 10-QSB of Regulation S-B. They may
not include all information and footnotes required by US GAAP for complete
financial statements. The interim unaudited financial statements should be read
in conjunction with those financial statements included in the Form 10-KSB as at
March 31, 2007. In the opinion of Management, all adjustments considered
necessary for a fair presentation, consisting solely of normal recurring
adjustments, have been made. Operating results for the period ended December 31,
2007, are not necessarily indicative of the results that may be expected for the
year ending March 31, 2008.  Going Concern   These financial statements do not give
effect to any adjustments which would be necessary should the Company be unable
to continue as a going concern and therefore be required to realize its assets
and discharge its liabilities in other than the normal course of business and at
amounts different from those reflected in the accompanying financial
statements.  The Company has not generated any operating
revenues to date.  The Company does not have adequate funds to cover
overhead expenses for the next year and is in the process of raising additional
financing to fund exploration activities on its recently acquired mineral
properties.  2. Mineral
Properties  The following summarizes expenditures
on the Companys mineral property interests for the period ended December 31,
2007:  Family Butte
Hat
Pinto
Hoopie
Whale
Ray Marie
Other
TotalBalance
Sheets:Acquisition
$
        272,500
$
          72,600
$
         333,130
$
          65,000
$
         144,000
$
          45,000
$                      -
$
        932,230Statements of
Operations:Claim
maintenance fees
$           13,245
$
             2,250
$
          43,367
$                      -
$              4,514
$                      -
$                      -
$
          63,376Consulting
fees
5,022
1,129
8,078
613
2,029
-
-
16,871Investigation
25,160
100
-
-
6,730
-
650
32,640Supplies
124
-
336
-
-
-
-
460Travel
expenses
2,461
-
1,663
-
-
-
-
4,124December 31,
2007
$           46,012
$
             3,479
$
          53,444
$                 613
$
           13,273
$                      -
$
                650
$           117,471  (a) On March 15, 2007 the Company entered into two Purchase Agreements
(the Family Butte Agreement) for the purchase of certain mining claims located
in Emery County, Utah (the Family Butte Property).  The two property
vendors (Mssrs. Ekker and Adams) each have a 50% in these claims which they have
agreed to sell to the Company to acquire a 100% interest in these claims in
exchange for cash and shares of common stock as follows:   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     2. Mineral Properties
(continued)  (a)   (continued)  To Mr. Ekker: 1. $38,000 cash to be
paid within 60 days of the date of the Family Butte Agreement ($33,029 paid
during the year ended March 31, 2007 (see Note 2(b)), 2. $50,000 cash to be
paid by March 15, 2008,  3. 100,000 shares of
common stock to be issued within 60 days of the date of the Family Butte
Agreement (issued) at a fair value of $109,000; and 4. 100,000 shares of
common stock to be issued by March 15, 2008.  To Mr. Adams:  1. $200,000 within 60
days of the execution of the Family Butte Agreement (paid during the year ended
March 31, 2007), 2. $130,000 on or before
March 15, 2008, 3. 150,000 shares of
common stock to be issued within 60 days of the date of the Family Butte
Agreement (issued) at a fair value of $163,500; and 4. 150,000 shares of
common stock to be issued by March 15, 2008.  (a) On April 10, 2007, the Company entered into an agreement with
Messrs. Ekker and Adams (the "Henry Mountain Agreement") located in the state of
Utah for the purchase of a 50% interest in the claims (the Henry Mountain
Property), for a total purchase price of $50,000, payable in stages, and the
issuance of a total of 600,000 common shares, issuable in stages. During the
year ended March 31, 2007 the Company paid $33,029 towards the claims. As the
Henry Mountain Agreement was entered into with the same parties as the Family
Butte Agreement (Note 2(a)), Messrs. Ekker and Adams allowed the Company to
apply the $33,029 payment towards the purchase of the Family Butte Property
(Note 2(a)). During the nine month period ended December 31, 2007, the Company
performed additional research on merits of the claims and, combined with the
inability to reach a purchase agreement on the outstanding 50% interest in the
claims, the Company decided not to pursue the purchase of the Henry Mountain
Property. (b) On June 1, 2007, the Company entered into a Purchase Agreement
(the "Hat Claims Agreement") for the purchase of certain mining claims (the Hat
Property) located in Montrose County, Colorado. The Company will acquire 100%
of the interest in these claims in exchange for cash and shares of common stock
as follows: - $10,000 cash to be paid
upon execution of the Hat Claims Agreement (paid), - $10,000 cash to be paid
by August 22, 2007 (paid), - $45,000 cash to be paid
by December 22, 2007 (the Company is currently in negotiations with the Vendor
to settle the payment), - $80,000 cash to be paid
by June 22, 2008, - $100,000 cash to be
paid by June 22, 2009, - $130,000 cash to be paid
by June 22, 2010, - 50,000 shares of common
stock to be issued by December 22, 2007 (issued) at a fair value of $52,600, - 100,000 shares of
common stock to be issued by June 22, 2008, - 100,000 shares of
common stock to be issued by June 22, 2009; and - 150,000 shares of common stock to be issued by June 22, 2010.   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     2. Mineral Properties (continued)  (c) On June 1, 2007, the Company entered into a Purchase Agreement
(the "Pinto Claims Agreement") for the purchase of certain mining claims (the
Pinto Claims) located in Wayne County, Utah. The Company will acquire 100% of
the interest in these claims in exchange for cash and shares of common stock as
follows: - $150,000 cash to be
paid upon execution of the Pinto Claims Agreement (paid), - $50,000 cash to be paid
by June 1, 2008, - $400,000 cash to be
paid by June 1, 2009, - 200,000 shares of
common stock to be issued within 45 days of the date of the Pinto Claims
Agreement (issued) at a fair value of $224,000, - 300,000 shares of
common stock to be issued by June 1, 2008; and - 400,000 shares of
common stock to be issued by June 1, 2009.  The Company also paid a finders fee of 50,000 common shares at a
fair value of $62,500. The Company is obligated to expend $300,000 as work
commitment on the claims within the 24 month period following the date of
execution of the Pinto Claims Agreement. The Pinto Claims are subject to a royalty payable of 4% on uranium
and 2% on vanadium. The Company has the right to purchase 2% of the uranium
royalty for $3,000,000. (d) On June 29, 2007, the Company entered into a Purchase Agreement
(the Hoopie Mine Agreement) for the purchase of certain mining claims (the
Hoopie Mine Property) in Montrose County, Colorado. The Company will acquire
100% of the interest in these claims in exchange for cash and shares of common
stock as follows: -   
$10,000 cash to be paid upon execution of the Hoopie Mine Agreement (paid), -    $10,000 cash to be paid 90 days after the
execution of the Hoopie Mine Agreement (paid), -    $45,000 cash to be paid 180 days after the
execution of the Hoopie Mine Agreement, (the Company is currently in
negotiations with the Vendor to settle the payment) -   
$80,000 cash to be paid by June 29, 2008, -   
$100,000 cash to be paid by June 29, 2009, -   
$100,000 cash to be paid by June 29, 2010, -    50,000 common shares to be issued 180 days
after the execution of the Hoopie Mine Agreement (issued) at a fair value of
$45,000, -   
100,000 common shares to be issued by June 29, 2008, -   
100,000 common shares to be issued by June 29, 2009; and -   
150,000 common shares to be issued by June 29, 2010.  (e) On August 1, 2007, the Company entered into a Purchase Agreement
(the Whale Property Agreement) for the purchase of certain mining claims (the
Whale Property) in San Juan County, Utah. Under the terms of the Whale
Property Agreement, the Company will earn its 100% interest in these claims in
exchange for cash and shares of common stock as follows: -   
$40,000 cash to be paid upon execution of the Agreement (paid), -    $40,000 cash to be paid by October 1, 2007
(the Company is currently in negotiations with the Vendor to settle the
payment), -   
$40,000 cash to be paid by February 1, 2008,   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007    -   
$80,000 cash to be paid by June 1, 2008, -   
$80,000 cash to be paid by June 1, 2009,  2. Mineral Properties (continued)  (f) (continued)  -    100,000 common shares to be issued upon
Execution of the Agreement (issued) at a fair value of $48,500, -    50,000 common shares to be issued by October
1, 2007 (issued) at a fair value of $55,500, -   
50,000 common shares to be issued by February 1, 2008, -   
100,000 common shares to be issued by June 1, 2008; and -   
100,000 common shares to be issued by June 1, 2009.  (g) On November 1, 2007 the
Company entered into a Joint Venture Agreement (the JV Agreement) with
Consolidated Abaddon Resources Inc. (Abaddon) regarding its Pinto Claims (Note
2(d)). Under the terms of the JV Agreement, Abaddon will earn its 60% interest
in the Pinto Claims in exchange for a one-time payment to the Company of
$100,000 (received) upon the date (the Approval Date) that Abaddon receives
approval from the TSX Venture Exchange for the JV Agreement, the assumption of
60% of the Companys $450,000 remaining cash obligation (Note 2(d)) and the
issuance of Abaddons shares of common stock as follows:  -   100,000 common shares to be issued on the
Approval Date (November 26, 2007), (Received subsequent to December 31,
2007) -   
180,000 common shares to be issued before June 1, 2008; and -   
240,000 common shares to be issued before June 1, 2009.  Abaddon is also
responsible to complete a work commitment of exploration expenditures on the
Pinto Claims as follows: -   
$305,000 to commence prior to December 31, 2007, (as of December 31, 2007,
$134,763 has been completed) -   
 An additional $300,000 before June 1, 2008.  On completion of the
work commitment, Abaddon will have earned a right to acquire a further 10%
interest in the Pinto Claims.  (h) On November 30, 2007, the Company
entered into a Letter of Understanding (the LOU) with Bob Shupe and Gary
Vancil (the Vendors) for the acquisition of 12 mineral claims known as the Ray
Marie and Marcas claims (the Property).  The Vendors own a 100% interest
in the Property located in Colorado.  Under the terms of the LOU, the
Vendors will transfer all of their interest to the Company in exchange for cash
and shares of common stock as follows:  -
$10,000 cash to be paid upon execution of the LOU (as at December 31, 2007, the parties involved are in
negotiation with the Vendor in settlement of the payment; $5,000 has been paid
subsequent to December 31, 2007) -
$10,000 cash to be paid 90 days after execution of the LOU -
$45,000 cash to be paid 180 days after execution of the LOU -
$80,000 cash to be paid upon the first anniversary of the LOU -
$100,000 cash to be paid upon the second anniversary of the LOU -
$130,000 cash to be paid upon the third anniversary of the LOU -
50,000 shares of common stock to be issued 180 days after execution of the LOU
(issued) at fair value of $45,000   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     -
100,000 shares of common stock to be issued upon the first anniversary of the
LOU -
100,000 shares of common stock to be issued upon the second anniversary of the
LOU -
150,000 shares of common stock to be issued upon the third anniversary of the
LOU 3. Promissory Notes  During the nine month period ended December
31, 2007, the Company entered into eight promissory notes for total proceeds of
$389,957 (March 31, 2007 - $Nil).  During the nine months ended December
31, 2007 $70,000 of these promissory notes was converted to equity by issuing
140,000 shares of common stock at $0.50/share (see Note 5(a))  As at
December 31, 2007 seven of these promissory notes remain outstanding for a value
of $319,957. These promissory notes are unsecured, non-interest bearing and have
no specific terms for repayment.  4. Related Party Transactions  During the nine month period ended December
31, 2007, the Company entered into the following transactions with related
parties:  (a)
 Paid or accrued consulting fees of $73,770 (December 31, 2006: $Nil) to
officers of the Company and $45,000 (December 31, 2006: $Nil) to the President
of the Company. During the year ended March 31, 2007, the Company entered into a
consulting agreement with the President, whereby the Company is obligated to pay
$5,000 per month to the President, for a term of two years.  (b)
 Issued 200,000 shares of common stock (December 31, 2006: $Nil) to a
director (Note 5(d)) which has been recorded at a fair value of $148,500 and is
recorded in consulting fees.  The amount due to a director of $13,029 at
December 31, 2007 (March 31, 2007: $13,029) is unsecured, non-interest bearing
and has no specific terms for repayment.  5. Common Stock  During the nine months ended December 31,
2007, the Company entered into the following stock related transactions:  (a) The Company closed a
private placement for total proceeds of $190,000 and $70,000 converted to shares
from the promissory notes (Note 3).  The Company issued 520,000 share units
at $0.50, with each share unit comprised of one share and one share purchase
warrant, exercisable for a period of 2 years at a price of $0.80 per share  (b) Issued 250,000 shares
of common stock at fair value for payment towards the Family Butte Property
Agreement (Note 2(a)). The fair value of these shares, $272,500 has been
recorded in acquisition costs for the Family Butte Property.  (c) Issued 50,000 shares of common stock at fair value for payment
towards the Hat Property Agreement (Note 2(c)). The fair value of these shares,
$52,600 has been recorded in acquisition costs for the Hat Property. (d) Issued 200,000 shares
of common stock at fair value to a director of the Company as compensation (Note
4 (c)). The fair value of these shares, $148,500 has been recorded in consulting
fees.   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     (e) Issued 100,000 shares of common stock at fair value to a technical
advisor to the Company as compensation. The fair value of these shares,
$100,000, has been allocated to consulting fees. (f) Issued 200,000 shares of common stock at fair value for payment
towards the Pinto Property Agreement (Note 2(d). The fair value of these shares,
$224,000 has been recorded in acquisition costs for the Pinto Property. 5. Common Stock (continued)  (g) Issued 50,000 shares of common stock at fair value as a finders
fee towards the Pinto Property Agreement (Note 2(d)). The fair value of these
shares, $62,500 has been recorded in acquisition costs for the Pinto Property. (h) Issued 100,000 shares
of common stock at fair value for payment towards the Whale Property Agreement
(Note 2(f)). The fair value of these shares, $48,500 has been allocated to
acquisition costs for the Whale Property.  (i) Issued 50,000 common
shares pursuant to the Hoopie Mine Agreement (Note 2(e)).  The fair value
of these shares, $45,000 has been allocated to acquisition costs for the Hoopie
Property.  (j) Issued 50,000 common
shares pursuant to the Whale Property Agreement (Note 2 (f)). The fair value of
these shares, $55,500 has been allocated to acquisition costs for the Whale
Property.  (k) Issued 50,000 common
shares pursuant to the LOU for the Ray Marie and Marcas claims Agreement (Note
2(h)).  The faire value of these shares, $45,000 has been allocated to the
acquisition cost for the Ray Marie Property  6. Donated Capital  Effective April 1, 2005, the Company
recognizes donated services from officers of the Company for office rent, valued
at $500 per month totalling $4,500 for the nine months ending December 31, 2007
(December 31, 2006: $4,500).  7. Subsequent Events    a)
On January 14, 2008, the Company entered into a Purchase Agreement with Mr.
Murer for the purchase of certain mining claims known as the Wild Claims. Mr.
Murer owns a 100% interest in the Wild Claims located in Emery County, Utah.
Under the term of the Agreement, Mr. Murer will transfer all of his interest to
the Company in exchange for cash and shares of common stock as follows:  -$75,000 cash to be
paid up on execution of the Agreement (as at February 8, 2008, the Company is
currently in negotiations with the Vendor to settle the payment), -$100,000 cash to be
paid by January 15, 2009, -$100,000 cash to be
paid by January 15, 2010, -100,000 shares of
common stock to be issued within 45 days of the date of the Agreement
(Issued), -250,000 shares of
common stock issued by January 15, 2009; and -250,000 shares of
common stock issued by January 15, 2010.  The Company must also
expend $300,000 as work commitment on the Wild Claims within the next 24 months;
and the Company must also pay royalties on the production and sale of certain
minerals found on the Wild Claims.   UTAH URANIUM GOLD CORP. (Formerly McNab Creek
Gold Corp.) (An exploration stage
company)  NOTES TO THE FINANCIAL
STATEMENTS December 31, 2007     7. Subsequent Events (continued)  On
January 15th, 2008, the Company entered into an option agreement with
Abaddon to acquire the rights to earn up to a 60% interest in the Wild Claims.
 Under the terms of the Agreement, Abaddon will pay $75,000 to the Company
and assume 60% of the remaining cash obligations required to be paid to Mr.
Murer and issue shares to the Company as follows:  -150,000 common shares
by January 15, 2009; and -150,000 common shares
by January 15, 2010.  Abaddon must also expend
$600,000 as work commitment on the Wild Claims within the next 12 months.  b)
The Company received 100,000 common shares of Abaddon pursuant to the JV
Agreement on the Pinto Claims.           Item
2. Managements
Discussion and Analysis of Financial Condition and Results of
Operations.  Business Overview  The business of our Company is the
acquisition, exploration and exploitation of mineral properties having the
potential to host economically viable uranium deposits.  The Companys
geographic area of interest is the state of Utah and the Four Corners area,
where the states of Utah, Nevada, Colorado and New Mexico intersect.  The
major geographical feature is the 90,000 square mile Colorado Plateau, which is
rich in coal, oil shale and uranium.  The Company is following a business
plan that calls for Company representatives to research, negotiate and obtain
highly prospective uranium properties on the Colorado Plateau, following which
the Company intends to enter into Joint Venture agreements to see the properties
developed at a minimal cash cost to the Company.  Specifically, management is focused
on the acquisition and development of near term production properties in the
Colorado plateau within economic hauling distance to current processing
facilities in Utah (the White Mesa Mill in Blanding, Utah), and to newer
facilities scheduled to be online within the next 3 years (the Ticaboo Mill in
Ticaboo, Utah and a new facility proposed for Nucla, Colorado).  As of December 31, 2007, the Company
has acquired interests in seven mineral properties, summarized in the table
below:  Property
Family
Butte (Utah)
Pinto
(Utah)
Whale
(UTAH)
Hat
(Colorado)
Hoopie(Colorado)
Ray Marie
& Marcus (2 properties)(Colorado)Number of
claims
112
344
33
$
          18
10
12Area in acres
(hectares)
2,075
(840)
7,203
(2,915)
398
(161)
372
(150)
206.6 (83.6)
240
(97.1)Cash Payments to
Vendors to Date
$
             -
$
 150,000
$
       40,000
$
   20,000
$
     20,000
$
       5,000Share Payments to
Date
$
 272,500
$
 286,500
$
     104,000
$
   52,600
$
     45,000
$
     45,000Distance to Ticaboo Mill in
miles (km)
106 (170)
68 (110)
193 (310
224
(360)
N/A
N/ADistance to White Mesa Mill
in miles (km)
186 (300)
140 (225)
(68) 110
112
(180)
78
(125)
u/kPast Workings
Union Carbide
Greenfields
Plateau Resources
- Us Vanadium
                           -
Atlas Minerals
Independent  Miner
Independent
 MinerHistorical Exploration (# of
holes)
80-100
0
100-125
N/A
10 +
N/APast Producing Mines
(s)
Yes
No
No
Yes
Yes
Yes        Adits / Portals /
Mines
5 mines, 9
portals
0
Modern
Portal
2 mines, many
adits
Modern
Portal
2 minesInfrastructure /
Access
Good quality dirt
road
Access
Dirt road
Dirt road

Dirt RoadProposed Work
Program
Re-log old drill holes
20 hole - 5,000 ft drill
program
Re-log old drill holes
10 Drill hole, 3,500 ft
program, 1/2 to twin holes and 1/2 to test southern extension
30 Drill hole program to verify
orebody and test Morrison formation
Drill program to verify
orebody  Subsequent Events:  On January 14th, 2008, the
Company signed an agreement to purchase a 100% interest in 23 mineral claims
located northwest of Hanksville, Utah, referred to as the Wild claims.
 These claims were purchased from Christian (Ted) Murer, whom the Company
also purchased the Pinto claims from.  Cost of the acquisition totals
$275,000 and the issuance of 600,000 shares prior to January 15, 2010.  On
January 29th, the Company filed an 8-K regarding a Joint Venture
agreement negotiated on the Wild property with Consolidated Abaddon Resources
Inc., a TSX Venture Exchange listed British Columbia company, which provides for
Consolidated Abaddon to pay the upfront cash costs of acquisition, fund up to
$600,000 in work programs on the property, and pay their proportional share of
future property payments, in turn allowing them to earn up to a 60% interest in
the property.  Cash Requirements  We are a start-up exploration company
and must raise cash to implement our business plan.  The company is in the
process of acquiring and evaluating mineral properties, therefore our cash
requirements over the next twelve months depend to a certain degree on
acquisition opportunities, as well as discoveries on our properties.  The
net of Joint Venture payment requirements for properties that have been acquired
as of December 31, 2007 for the next twelve months is $905,000.  On October 11th the
Company closed a private placement for total proceeds of $260,000, consisting of
520,000 units at $0.50, consisting of one share and one share purchase warrant
to purchase another share at $0.80 for two years.  Since March 31, 2007 we
have received shareholder loans totaling $389,957 for property payments, office
and warehouse expenses, exploration costs and employees.  The placement
consisted of $190,000 in cash receipts and also included conversion of $70,000
to units of the aforementioned debt.  In light of declining spot prices for
the primary commodity which the Company is seeking (Uranium), negotiations have
occurred with several of the property vendors in order to restructure upcoming
property payments to more closely reflect current market conditions.  The Company maintains an office in
Moab, Utah, for which monthly rent is $2,000 and operating expenses amount to
less than $200 per month.  The office is not permanently staffed at this
time.  Purchase of Significant
Equipment  We do not intend to make any
significant equipment purchases over the next twelve months, other than
spectrometers and office furnishings and computers.        Employees  Currently our only employees are our
directors and officers.  We do not expect any material changes in the
number of employees over the next twelve months.  We do and will continue
to outsource contract employment as needed.      Item
3. Controls
and Procedures. In accordance with Exchange Act Rule
13a-15,  an  evaluation  was completed under the supervision
 and with the  participation of our management, including our Chief
Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures as of the end of
the period covered by this Quarterly Report.  Based on that evaluation, our
management including the Chief Executive Officer and Chief Financial Officer,
concluded that our disclosure controls and procedures are effective, to provide
reasonable assurance 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 Commission's rules and
forms.  There  have been no changes to our internal controls over
 financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the
Securities Exchange Act of 1934) that occurred during our  three-month
quarterly period ended December 31, 2007, that materially affected, or were
reasonably likely to materially affect, our internal controls over financial
reporting.            PART II  OTHER
INFORMATION     Item
1. Legal
Proceedings. Management is not aware of any legal
proceedings contemplated by any governmental authority or any other party
involving us or our properties.  As of the date of this Annual Report, no
director, officer or affiliate is (i) a party adverse to us in any legal
proceeding, or (ii) has an adverse interest to us in any legal proceedings.
 Management is not aware of any other legal proceedings pending or that
have been threatened against us or our properties.          Item
2. Unregistered
Sales of Equity Securities and Use of Proceeds. None     Item
3. Defaults
Upon Senior Securities. None     Item
4. Submission
of Matters to a Vote of Security Holders. None     Item
5. Other
Information. None     Item
6. Exhibits. 31 Section
302 Certification of C.E.O. and C.F.O. 32 Section
906 Certification  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.  UTAH
URANIUM CORP.  Dated:
 February 13, 2008 Per: /s/
Peter E. Dickie Peter
E. Dickie, President
and Director