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 EXCHANGE 
|                                                               | ACT OF 1934                                                                 
|For the quarterly period ended:
September 30, 2007            
|or                                                            
|                                                               |                                                                             
|                                                               | TRANSITION REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE
|                                                               | ACT OF 1934                                                                 
|For 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. Employer   
|of
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 was
|required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.                                                                                                                                   | X | Yes |   | No
|                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                             |  
|                                                                                                                                                                                                                                             |  
|Indicate by check mark whether the registrant is a
shell company (as defined in Rule 12b-2 of the Act).                                                                                                                                      |   | Yes | X | No
|                                                                                                                                                                                                                                             |  
|Indicate 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
November 15, 2007                                  
|                                                                                                                                                                                                                                            
|APPLICABLE ONLY TO REGISTRANTS
INVOLVED IN BANKRUPTCY                                                                                                                                                                                       
|Transitional 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 September 30, 2007.



---





























UTAH
URANIUM CORP.

(Formerly McNab Creek Gold Corp.)

(An exploration stage company)



Financial Statements





September 30, 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 SHEETS                                                                 
|                                                                               
|                                                                               
|                                                                                |                          |                         
|                                                                                | September 30,            | March 31,               
|                                                                                | 2007                     | 2007                    
|                                                                                | (Unaudited)              | (Audited)               
|                                                                                |                          |                         
|                                                                                |                          |                         
|ASSETS                                                                          |                          |                         
|                                                                                |                          |                         
|Current
Assets                                                                  |                          |                         
|Cash                                                                            | $
                     - | $
            28,303    
|Prepaids                                                                        | 5,322                    | 1,623                   
|Total
Current Assets                                                            | 5,322                    | 29,926                  
|Equipment,
net                                                                  | -                        | 48                      
|Mineral
properties - Note 2                                                     | 880,000                  | -                       
|                                                                                |                          |                         
|Total
Assets                                                                    | $
           885,322     | $
            29,974    
|                                                                                |                          |                         
|                                                                                |                          |                         
|LIABILITIES
AND STOCKHOLDERS' DEFICIT                                           |                          |                         
|                                                                                |                          |                         
|Current
Liabilities                                                             |                          |                         
|Bank
indebtedness                                                               | $
            18,171     | $
                     -
|Accounts
payable and accrued liabilities                                        | 157,618                  | 59,234                  
|Promissory
notes - Note 3                                                       | 278,930                  | -                       
|Due
to director - Note 4                                                        | 13,029                   | 13,029                  
|Total
Liabilities                                                               | 467,748                  | 72,263                  
|                                                                                |                          |                         
|Contingency
- Note 1                                                            |                          |                         
|Subsequent
Events - Note 7                                                      |                          |                         
|                                                                                |                          |                         
|Stockholders'
Deficit                                                           |                          |                         
|Common
stock - Note 5                                                           |                          |                         
|Authorized
: 100,000,000 common shares, $0.0001 par value                       |                          |                         
|Issued
and outstanding : 37,709,200 common shares (March 31, 2007 -
36,759,200) | 3,771                    | 3,676                   
|Common
stock subscribed - Note 5(a)                                             | 180,000                  | -                       
|Additional
paid-in capital                                                      | 1,260,776                | 349,371                 
|Deficit
accumulated during the exploration stage                                | (1,026,973)              | (395,336)               
|Total
Stockholders' Deficit                                                     | 417,574                  | (42,289)                
|Total
Liabilities and Stockholders' Deficit                                     | $
           885,322     | $
            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 CASH FLOWS                                                                                                                               
|                                                                                                                                                        |                                             |                                       |                                        
|                                                                                                                                                        |                                             |                                       |                                        
|                                                                                                                                                        |                                             |                                       |                                        
|                                                                                                                                                        |                                             |                                       | February 15,                           
|                                                                                                                                                        | Six months                                  | Six months                            | 2001 (date of                          
|                                                                                                                                                        | ended                                       | ended                                 | incorporation) to                      
|                                                                                                                                                        | September 30                                | September 30                          | September 30                           
|                                                                                                                                                        | 2007                                        | 2006                                  | 2007                                   
|                                                                                                                                                        |                                             |                                       |                                        
|Operating
Activities                                                                                                                                    |                                             |                                       |                                        
|Net loss                                                                                                                                                | $
                         (631,637)        | $
                          (43,607)  | $
                     (1,026,973)     
|Non-cash
items:                                                                                                                                         |                                             |                                       |                                        
|-
Amortization                                                                                                                                          | 48                                          | 79                                    | 432                                    
|-
Compensation expense                                                                                                                                  | -                                           | -                                     | 48,960                                 
|-
Donated service                                                                                                                                       | 3,000                                       | 3,000                                 | 15,000                                 
|-
Shares issued for services                                                                                                                            | 248,500                                     | 10,000                                | 270,751                                
|-
Shares issued for mineral properties                                                                                                                  | 660,000                                     | -                                     | 660,000                                
|Changes
in non-cash working capital items:                                                                                                              |                                             |                                       |                                        
|-
Prepaids                                                                                                                                              | (3,699)                                     | -                                     | (5,324)                                
|-
Accounts payable and accrued liabilities                                                                                                              | 98,384                                      | (20,588)                              | 151,451                                
|-
Due to director                                                                                                                                       | -                                           | -                                     | 17,574                                 
|Net
cash used in operating activities                                                                                                                   | 374,596                                     | (51,116)                              | 131,871                                
|                                                                                                                                                        |                                             |                                       |                                        
|Investing
Activities                                                                                                                                    |                                             |                                       |                                        
|Acquisition
of equipment                                                                                                                                | -                                           | -                                     | (432)                                  
|Mineral
properties                                                                                                                                      | (880,000)                                   | -                                     | (880,000)                              
|Net
cash flows used in investing activities                                                                                                             | (880,000)                                   | -                                     | (880,432)                              
|                                                                                                                                                        |                                             |                                       |                                        
|Financing
activities                                                                                                                                    |                                             |                                       |                                        
|Proceeds
from the issuance of common stock                                                                                                              | -                                           | 49,747                                | 241,460                                
|Common
stock subscribed                                                                                                                                 | 180,000                                     | -                                     | 180,000                                
|Proceeds
from the issuance of promissory notes                                                                                                          | 278,930                                     | -                                     | 308,930                                
|Net
cash flows provided by financing activities                                                                                                         | 458,930                                     | 49,747                                | 730,390                                
|                                                                                                                                                        |                                             |                                       |                                        
|Decrease in
cash                                                                                                                                        | (46,474)                                    | (1,369)                               | (18,171)                               
|                                                                                                                                                        |                                             |                                       |                                        
|Cash -
Beginning of period                                                                                                                              | 28,303                                      | 9,037                                 | -                                      
|                                                                                                                                                        |                                             |                                       |                                        
|Cash (bank
indebtedness) - End of period                                                                                                                | $
                             (18,171)     | $
                              7,668 | $
                             (18,171)
|                                                                                                                                                        |                                             |                                       |                                        
|Supplementary
cash flow information:                                                                                                                    |                                             |                                       |                                        
|                                                                                                                                                        |                                             |                                       |                                        
|During the six
months ended September 30, 2007, the Company effected the following
non-cash share transactions:                                         |                                             |                                      
|- Issued 250,000
shares at a price of $1.09 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 $1.05 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 $1.12 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 $1.25 of its $0.0001 par value common stock at fair
value as a finders's fee for the Pinto Property - Note 2(d)    |                                             |                                      
|- 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 100,000
shares at a price of $1.00 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 $1.00 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 CORP.                                                                                                                                     
|(Formerly McNab Creek Gold Corp.)                                                                                                                      
|(An
exploration stage company)                                                                                                                         
|STATEMENTS OF CASH FLOWS                                                                                                                               
|                                                                                                                                                        |                                             |                                             |                                        
|                                                                                                                                                        |                                             |                                             | February 15,                           
|                                                                                                                                                        | Six months                                  | Six months                                  | 2001 (date of                          
|                                                                                                                                                        | ended                                       | ended                                       | incorporation) to                      
|                                                                                                                                                        | September 30                                | September 30                                | September 30                           
|                                                                                                                                                        | 2007                                        | 2006                                        | 2007                                   
|                                                                                                                                                        |                                             |                                             |                                        
|Operating
Activities                                                                                                                                    |                                             |                                             |                                        
|Net loss                                                                                                                                                | $
                         (631,637)        | $
                          (43,607)        | $
                     (1,026,973)     
|Non-cash
items:                                                                                                                                         |                                             |                                             |                                        
|-
Amortization                                                                                                                                          | 48                                          | 79                                          | 432                                    
|-
Compensation expense                                                                                                                                  | -                                           | -                                           | 48,960                                 
|-
Donated service                                                                                                                                       | 3,000                                       | 3,000                                       | 15,000                                 
|-
Shares issued for services                                                                                                                            | 248,500                                     | 10,000                                      | 270,751                                
|-
Shares issued for mineral properties                                                                                                                  | 660,000                                     | -                                           | 660,000                                
|Changes
in non-cash working capital items:                                                                                                              |                                             |                                             |                                        
|-
Prepaids                                                                                                                                              | (3,699)                                     | -                                           | (5,324)                                
|-
Accounts payable and accrued liabilities                                                                                                              | 98,384                                      | (20,588)                                    | 151,451                                
|-
Due to director                                                                                                                                       | -                                           | -                                           | 17,574                                 
|Net
cash used in operating activities                                                                                                                   | 374,596                                     | (51,116)                                    | 131,871                                
|                                                                                                                                                        |                                             |                                             |                                        
|Investing
Activities                                                                                                                                    |                                             |                                             |                                        
|Acquisition
of equipment                                                                                                                                | -                                           | -                                           | (432)                                  
|Mineral
properties                                                                                                                                      | (880,000)                                   | -                                           | (880,000)                              
|Net
cash flows used in investing activities                                                                                                             | (880,000)                                   | -                                           | (880,432)                              
|                                                                                                                                                        |                                             |                                             |                                        
|Financing
activities                                                                                                                                    |                                             |                                             |                                        
|Proceeds
from the issuance of common stock                                                                                                              | -                                           | 49,747                                      | 241,460                                
|Common
stock subscribed                                                                                                                                 | 180,000                                     | -                                           | 180,000                                
|Proceeds
from the issuance of promissory notes                                                                                                          | 278,930                                     | -                                           | 308,930                                
|Net
cash flows provided by financing activities                                                                                                         | 458,930                                     | 49,747                                      | 730,390                                
|                                                                                                                                                        |                                             |                                             |                                        
|Decrease in
cash                                                                                                                                        | (46,474)                                    | (1,369)                                     | (18,171)                               
|                                                                                                                                                        |                                             |                                             |                                        
|Cash -
Beginning of period                                                                                                                              | 28,303                                      | 9,037                                       | -                                      
|                                                                                                                                                        |                                             |                                             |                                        
|Cash (bank
indebtedness) - End of period                                                                                                                | $
                             (18,171)     | $
                              7,668       | $
                             (18,171)
|                                                                                                                                                        |                                             |                                             |                                        
|Supplementary
cash flow information:                                                                                                                    |                                             |                                             |                                        
|                                                                                                                                                        |                                             |                                             |                                        
|During the six
months ended September 30, 2007, the Company effected the following
non-cash share transactions:                                         |                                             |                                            
|- Issued 250,000
shares at a price of $1.09 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 $1.05 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 $1.12 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 $1.25 of its $0.0001 par value common stock at fair
value as a finders's fee for the Pinto Property - Note 2(d)    |                                             |                                            
|- 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 100,000
shares at a price of $1.00 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 $1.00 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

September 30, 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 September
30, 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 September 30,
2007:



|                          |                       |                        |                       |                            |                      |                               |                        
|------------------------- | --------------------- | ---------------------- | --------------------- | -------------------------- | -------------------- | ----------------------------- | -----------------------
|                          |                       |                        |                       |                            |                      |                               |                        
|                          |                       |                        |                       |                            |                      |                               |                        
|                          | Family Butte          | Hat                    | Pinto                 | Hoopie                     | Whale                | Other                         | Total                  
|                          |                       |                        |                       |                            |                      |                               |                        
|Balance
Sheets:           |                       |                        |                       |                            |                      |                               |                        
|Acquisition               | $
           272,500  | $
             72,500  | $
           436,500  | $
             10,000      | $
           88,500  | $
                          - | $
            880,000  
|                          |                       |                        |                       |                            |                      |                               |                        
|Statements of
Operations: |                       |                        |                       |                            |                      |                               |                        
|Claim
maintenance fees    | $
             13,245 | $
               2,250 | $
             43,367 | $
                       - | $
             4,514 | $
                          - | $
               63,376
|Consulting
fees           | 4,857                 | 1,087                  | 8,078                 | 613                        | 1,944                | -                             | 16,579                 
|Investigation             | 25,161                | 200                    | -                     | -                          | 6,730                | 446                           | 32,537                 
|Supplies                  | 124                   | -                      | 336                   | -                          | -                    | -                             | 460                    
|Travel
expenses           | 2,461                 | -                      | 1,663                 | -                          | -                    | -                             | 4,124                  
|                          |                       |                        |                       |                            |                      |                               |                        
|September 30,
2007        | $
             45,848 | $
               3,537 | $
             53,444 | $
                  613    | $
           13,188  | $
                     446    | $
              117,076
|                          |                       |                        |                       |                            |                      |                               |                        
|                          |                       |                        |                       |                            |                      |                               |                        



(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:

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
Mssrs. 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)), Mssrs. 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 six month period ended September 30, 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,

-

$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 by December 22, 2007 (issued) at a fair value of $52,500,

-

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.



(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 vadadium. 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. 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 (the Company and the party with whom they
had entered into the Hoopie Mine Agreement with have agreed to defer this
payment),

-   
$45,000 cash to be paid 180 days after the execution of the Hoopie Mine
Agreement,

-   
$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 subsequent to September
30, 2007),

-   
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 (paid subsequent to September 30,
2007),

-   
$40,000 cash to be paid by February 1, 2008,

-   
$80,000 cash to be paid by June 1, 2008,

-   
$80,000 cash to be paid by June 1, 2009,

-    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 subsequent to September 30, 2007),

-   
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.



3.

Promissory Notes



During the six month period ended September
30, 2007, the Company entered into six promissory notes for total proceeds of
$278,930 (March 31, 2007 - $Nil). These promissory notes are unsecured,
non-interest bearing and have no specific terms for repayment.



4.

Related Party
Transactions



During the six month period ended September
30, 2007, the Company entered into the following transactions with related
parties:



(a)
 Paid or accrued consulting fees of $23,900 (September 30, 2006: $Nil) to
an officer of the Company and $35,000 (September 30, 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)

Paid or accrued $25,232
(September 30, 2006: $Nil) in travel expenses for a director of the Company.



(c)
 Issued 200,000 shares of common stock (September 30, 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
September 30, 2007 (March 31, 2007: $13,029) is unsecured, non-interest bearing
and has no specific terms for repayment.



5.

Common Stock



During the six months ended September 30,
2007, the Company entered into the following stock related transactions:



(a)

Received $180,000 in subscriptions in advance towards a private
placement of 520,000 units at $0.50. Each unit is comprised of one share and one
share purchase warrant, exercisable for a period of 2 years at a price of $0.80
per share. See Note 7(a).

(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,
$52,500 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
3). The fair value of these shares, $148,500 has been recorded in consulting
fees.



(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.

(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.



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 $3,000 for the six months ending September 30, 2007
(September 30, 2006: $3,000).



7.

Subsequent Events



The following transactions occurred after
the period ended September 30, 2007:



(a)

On October 11, 2007 the Company closed a private placement (see
Note 5(a)), for total proceeds of $260,000 (including $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)

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 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
shares of common stock as follows:



-   100,000 common shares to be issued on the
Approval Date,

-   
180,000 common shares to be issued before June 1, 2008,

-   
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 before December 31, 2007,





(b)

(continued)



-   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.



(c)

The Company issued
50,000 common shares pursuant to the Hoopie Mine Agreement (Note 2(e)).



(d)

The Company paid
$40,000 and issued 50,000 common shares pursuant to the Whale Property Agreement
(Note 3(f)).







---





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.



Specifically, management is focused
on the acquisition and development of near term production properties in the
Colorado plateau within economic hauling distance to processing facilities (the
Ticaboo Mill and the White Mesa Mill).



As of September 30, 2007, the Company
has acquired interests in five mineral properties, summarized in the table
below:



[f10qsbseptember302006dmcl002.gif]



1



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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
payment requirements for properties that have been acquired as of September 30,
2007 for the next twelve months are $580,000.





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.  The placement consisted
of $190,000 in cash receipts and included a conversion of $70,000 from a
shareholder loan to units. Since March 31, 2007 the company has received
shareholder loans totaling $278,930 ($208,930 outstanding after closing of PP)
for property payments, office and warehouse expenses, exploration costs and
employees.



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 Mr.
Peter Dickie, our Chief Executive  Officer,  and Mr. Christopher
Turley, our 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 June 30, 2007,  that materially affected,  or were
reasonably likely to materially affect, our internal controls over financial
reporting.





2



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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:
 November 19, 2007

Per:

/s/
Peter E. Dickie

Peter
E. Dicke,

President
and Director







3