UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                           FORM 10-QSB
 QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934
                   ACT REPORTING REQUIREMENTS

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
   EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2001
Commission File No. 000-31030






                      DREW RESOURCES, INC.
     (Exact name of registrant as specified in its charter)







Nevada
(State of organization) (I.R.S. Employer Identification No.)

2743 W. 37th Avenue Vancouver, BC V6N 2T5
(Address of principal executive offices)

Registrant's telephone number, including area code (604) 738-4041

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

There are 5,300,000 shares of common stock outstanding as of May
17, 2001.

                 PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS
                       DREW RESOURCES INC.
                 (An Exploration Stage Company)
                   CONSOLIDATED BALANCE SHEETS
              March 31, 2001, and December 31, 2000
                           (Unaudited)
                     (Stated in US Dollars)


<TABLE>
<S>                                       <C>          <C>
                 ASSETS                    March 31,    December
                                                           31,
                                             2001         2000
Current
 Cash                                         $   85      $   148
 Accounts receivable                             461             -
                                           ---------     ---------
                                                $546       $   148
                                           =========     =========
                           LIABILITIES
Current
 Accounts payable                            $ 9,065       $ 5,038
 Related party loan payable - Note 3          18,400         8,400
                                           ---------     ---------
                                              27,465        13,438
                                           ---------     ---------
                      STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value
 1,000,000 shares authorized, none
outstanding
Common stock, $0.001 par value
 50,000,000 shares authorized
  5,300,000 shares outstanding                28,000        28,000
Deficit accumulated during the
 exploration stage                          (54,919)      (41,290)
                                           ---------     ---------
                                            (26,919)      (13,290)
                                           ---------     ---------
                                             $   546      $    148
                                           =========     =========
</TABLE>


                     SEE ACCOMPANYING NOTES
                       DREW RESOURCES INC.
                 (An Exploration Stage Company)
           CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT
            ACCUMULATED DURING THE EXPLORATION STAGE
   for the three month periods ended March 31, 2001 and 2000,
for the period December 16, 1998 (Date of Incorporation) to March
                            31, 2001
                           (Unaudited)
                     (Stated in US Dollars)


<TABLE>
<S>                                 <C>            <C>           <C>
                                                                  December 16,
                                     Three months  Three months  1998, (Date of
                                        Ended          Ended     Incorporation) to
                                      March 31,      March 31,      March 31,
                                         2001          2000           2001
General and Administrative Expenses
 Bank charges                            $     63       $     18     $    292
 Consulting fees                            8,500              -       11,868
 Filing Fees                                  220            221        4,579
 Office                                         -              -           74
 Organization costs                             -              -        3,000
 Professional fees                          4,846            450       20,786
 Property acquisition costs                     -              -       11,600
 Travel                                         -              -        2,720
                                       ----------     ----------   ----------
Net loss for the period                    13,629            689       54,919

Deficit, beginning of period               41,290         25,645            -
                                       ----------     ----------   ----------
Deficit, end of period                   $ 54,919       $ 26,334     $ 54,919
                                       ==========     ==========   ==========
Loss per share                           $      -       $      -
                                       ==========     ==========
Weighted average number of
 shares outstanding                     5,300,000      2,500,000
                                       ==========     ==========
</TABLE>



                     SEE ACCOMPANYING NOTES
                       DREW RESOURCES INC.
                 (An Exploration Stage Company)
              CONSOLIDATED STATEMENTS OF CASH FLOWS
 for the the three month periods ended March 31, 2001 and 2000,
 and for the period December 16, 1998 (Date of Incorporation) to
                         March 31, 2001
                           (Unaudited)
                      (Stated in US Dollars)


<TABLE>
<S>                                 <C>            <C>           <C>
                                                                   December 16,
                                     Three months  Three months   1998, (Date of
                                        Ended          Ended      Incorporation) to
                                      March 31,      March 31,      March 31,
                                         2001          2000            2001
Cash Flows from Operating
 Activities
 Net loss for the period                 $(13,629)      $  (689)     $(54,919)
 Add item not involving cash:
  Organization costs                             -             -         3,000
 Changes in non-cash working
capital
  balances related to operations
  Accounts receivable                        (461)             -         (461)
  Accounts payable                           4,027           550         9,065
  Related party loan payable                10,000             -        18,400
                                       -----------    ----------   -----------
                                              (63)         (139)      (24,915)
                                       -----------    ----------   -----------
Cash Flows from Financing
 Activity
 Capital stock issued                            -             -        25,000
                                       -----------    ----------   -----------
Net change in cash during the
 period                                       (63)         (139)            85

Cash, beginning of the period                  148         1,315             -
                                       -----------    ----------   -----------
Cash, end of the period                  $      85      $  1,176     $      85
                                       ===========    ==========   ===========
</TABLE>
Non-cash Transactions - Note 4


                     SEE ACCOMPANYING NOTES
                               DREW RESOURCES INC.
                         (An Exploration Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
   for the period December 16, 1998 (Date of Incorporation) to March 31, 2001
                                   (Unaudited)
                             (Stated in US Dollars)


<TABLE>
<S>                       <C>             <C>          <C>          <C>          <C>
                                                                      Deficit
                                                                    Accumulated
                                                        Additional   During the
                                 Common Shares           Paid-in    Exploration
                                   #       Par Value     Capital       Stage         Total

Net loss for the period                -     $     -      $      -    $ (1,000)      $ (1,000)
                            ------------   ---------     ---------   ----------    -----------
Balance, as at
 December 31, 1998                     -           -             -      (1,000)       (1,000)
Capital stock issued
pursuant
 to offering memorandum        5,000,000       5,000        20,000            -         25,000
for
 cash - at $0.005

Net loss for the year
 - as restated                         -             -           -     (24,645)        (24,645)
                            ------------   ---------     ---------   ----------    -----------
Balance, as at
 December 31, 1999             5,000,000       5,000        20,000     (25,645)          (645)

Capital stock issued to
 acquire 100% of Buffton,
 Inc. - at $0.01 - Note 5        300,000         300         2,700            -          3,000
Net loss for the year                  -           -             -     (15,645)       (15,645)
                            ------------   ---------     ---------   ----------    -----------
Balance, as at
 December 31, 2000             5,300,000       5,300        22,700     (41,290)       (13,290)
Net loss for the period                -           -             -     (13,629)       (13,629)
                            ------------   ---------     ---------   ----------    -----------
Balance, as at
 March 31, 2001                5,300,000     $ 5,300       $22,700    $(54,919)      $(26,919)
                            ============   =========     =========   ==========    ===========
</TABLE>


                             SEE ACCOMPANYING NOTES
                       DREW RESOURCES INC.
                 (An Exploration Stage Company)
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                         March 31, 2001
                           (Unaudited)
                      (Stated in US Dollars)


Note 1 Interim Reporting

       While   the  information  presented  in  the  accompanying
       interim  three  months financial statements is  unaudited,
       it  includes all adjustments which are, in the opinion  of
       management,  necessary  to present  fairly  the  financial
       position,  results of operations and cash  flows  for  the
       interim  periods  presented.  All  adjustments  are  of  a
       normal  recurring  nature.  It  is  suggested  that  these
       interim  financial statements be read in conjunction  with
       the   company's   December  31,  2000   annual   financial
       statements.

Note 2 Mineral Property

       Deer Creek Property
       By  a letter agreement dated October 30, 2000, the company
       entered  into  a 20 year lease agreement of  4  unpatented
       mineral  claims  located in Lemhi County,  Idaho  for  the
       following   advance  royalty  payments   and   performance
       requirements:

       Advance Royalty:
          -    $5,000 upon signing (paid);
          -    $5,000 on or before November 3, 2001;
          -    $10,000 on or before November 3, 2002;
          -    $20,000 on or before November 3, 2003;
          -    $50,000 on or before November 3, 2004;  and
          -    $50,000 on each November 3 thereafter.

       Performance Requirement:
       The  company  must  pay  federal and  state  mining  claim
       maintenance  fees for any year in which this agreement  is
       maintained in good standing after June 1.

       The lessor has retained a 3% net smelter return.

Note 3 Related Party Transactions

       Related  party loans payable as at March 31, 2001, consist
       of  $18,400  (December  31, 2000:   $8,400)  advanced  for
       working  capital  purposes.  This amount  is  due  to  the
       president   of  the  company,  is  non-interest   bearing,
       unsecured and has no specific terms for repayment.

Note 4 Non-cash Transactions

       Investing  and  financing activities that do  not  have  a
       direct impact on current cash flows are excluded from  the
       statement  of  cash  flows.   On  December  9,  2000,  the
       company  acquired  100%  of  the  outstanding  shares   of
       Buffton, Inc. by issuing 300,000 common shares at a  value
       of   $3,000.   This  transaction  was  excluded  form  the
       statement of cash flows.


ITEM 2.   MANAGEMENT'S PLAN OF OPERATION

                        Plan of Operation

The Company has no material unused sources of liquid assets.  The
Company  intends  to  raise  $250,000  through  financings   with
accredited  investors  to  fund an exploration  program  at  Deer
Creek,  to make an advance royalty payment of $5,000 due  October
31,  2001,  pursuant to the Deer Creek option agreement  and  for
general  working capital.  The Company's operating  expenses  are
kept  to  a minimum and will be absorbed by management until  the
private placement can be arranged. At this time, the Company  has
not  entered into any agreements for financings and there can  be
no  assurance  that  obligations can be met in  the  future.  The
Company  intends to raise an additional $250,000 from  accredited
investors  who  are  known to the Company's management.   In  the
event  the  Company fails to raise the additional  $250,000,  the
Company will have three options: (1) winding down operations; (2)
seeking a lesser amount of money; or (3) finding other properties
more attractive to raising investment capital.

The following is the Company's focus over the next 12 months:

  * Spring 2001 - Begin a work program at Deer Creek.

  * Summer  2001  -  Conduct an initial exploration program.  The
     Company   had  originally  planned  to  raise  approximately
     $250,000  in  additional  funds by February  2001.  We  were
     unable  to  raise any funds and have held off any activities
     to raise additional until late summer of 2001.

  * Balance  of 2001 - The Company will seek to acquire or option
     at  least one additional early stage exploration project  in
     North  America  as  part  of a diversification  strategy  to
     lessen  the  reliance  of  the  Company  on  one  particular
     property for the subsequent exploration season in 2001/02.

                   PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action has
been threatened by or against the Company.

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

No issues of securities and no changes in the existing securities
took place during the period covered by this report.  At the  end
of  the  quarter  there  were 5,300,000 shares  of  common  stock
outstanding.

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

No such matters were submitted during the most recent quarter.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

EXHIBITS

          2.  Agreement  and Plan of Reorganization (incorporated
              by  reference to the amended Form 10-SB and amended
              Form 8-K filed with the SEC on March 30, 2001)

          3.1 Articles   of   Incorporation   (incorporated    by
              reference  to  the amended Form 10-SB  and  amended
              Form 8-K filed with the SEC on March 30, 2001)

          3.2 By-Laws  as amended on April 18, 2001 (incorporated
              by  reference to the amended Form 10-SB filed  with
              the SEC on April 25, 2001).

          10 Letter    Agreement   for   Deer   Creek    Property
             (incorporated by reference to the amended  Form  10-
             SB  and amended Form 8-K filed with the SEC on March
             30, 2001).

          10.1     Letter of Nov. 9, 2000 to C.P. Costin from  G.
             Eliopulos   re.   lease  of  Deer   Creek   property
             (incorporated by reference to the amended  Form  10-
             SB filed with the SEC on April 25, 2001.)

          16. Letter   re   change   in   certifying   accountant
              (incorporated by reference to the amended Form  10-
              SB  and  amended  Form 8-K filed with  the  SEC  on
              March 30, 2001).

Reports on Form 8-K:  None

                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           Drew Resources, Inc.



                           By: /s/ Shane Lowry
                              Shane Lowry, President



                           Date:  May 17, 2001