| OMB                APPROVAL                                                                                                                                                               |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| OMB                Number: 3235-0416Expires:                April 30, 2009Estimated                average burdenhours                per                response   136.00 |

**FORM      10-QSB**

**For      the quarterly period ended May 31, 2007**

**For      the transition period from ______________ to      ______________.**

**Silver      Butte Co., Inc.**

| **Nevada**                                                                                   |   | **82-0263301**                                      |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                of other jurisdiction of incorporation or                organization) |   | (I.R.S.                Employer Identification No.) |
|                                                                                         |   |                                                |
| **520                Cedar Street, Sandpoint, ID**                                           |   | **83864**                                           |
| (Address                of principal executive offices)                                      |   | (Zip                Code)                           |

**(208)      263-5154**

**Yes       [ X ]**

**Yes       [ X ]**

**At      June 12, 2007, 17,743,746 shares of the Company’s common stock were      outstanding.**

**No  [ X      ]**

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**SILVER      BUTTE CO., INC.**

|                                                                                                                               | Page   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART              I.                                                                                                               |   |
|                                                                                                                               |   |
| ITEM                1.  FINANCIAL                INFORMATION                                                        |   |
|                                                                                                                               |   |
| Balance                Sheets, May 31, 2007 (unaudited) and                August 31, 2006                                    | 3      |
|                                                                                                                               |   |
| Statements                of Operations for Three months and                Nine Months Ended May 31, 2007 and 2006 unaudited | 4      |
|                                                                                                                               |   |
| Statements                of Cash Flows for the Nine months                ended May 31, 2007 and 2006 - unaudited            | 5      |
|                                                                                                                               |   |
| Notes                to Financial Statements -                Unaudited                                                       | 6      |
|                                                                                                                               |   |
| ITEM                2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR                PLAN OF OPERATION                         | 7      |
|                                                                                                                               |   |
| ITEM                3.  CONTROLS AND                PROCEDURES                                                           | 8      |
|                                                                                                                               |   |
| PART              II                                                                                                          |   |
|                                                                                                                               |   |
| ITEM                1. LEGAL                PROCEEDINGS                                                                       | 8      |
|                                                                                                                               |   |
| ITEM                2. UNREGISTERED SALES OF EQUITY SECURITIES                AND USE OF PROCEEDS                             | 8      |
|                                                                                                                               |   |
| ITEM                3. DEFAULTS UPON SENIOR                SECURITIES                                                         | 8      |
|                                                                                                                               |   |
| ITEM                4.SUBMISSION OF MATTERS TO A VOTE OF                SECURITY HOLDERS                                           | 8      |
|                                                                                                                               |   |
| ITEM                5. OTHER INFORMATION                                                                                           | 8      |
|                                                                                                                               |   |
| ITEM                6. EXHIBITS                                                                                               | 9      |

----

**PART      I.**

**ITEM      1.  FINANCIAL INFORMATION**

**Silver      Butte Co., Inc.**

**Balance      Sheets, May 31, 2007 (unaudited) and August 31, 2006**

|                                                                                   |   | **May                  31, 2007** |     |   | **August                  31,** |   |
|----------------------------------------------------------------------------------------|--------|-----------------------------------|----------|--------|---------------------------------|--------|
|                                                                                   |   | **(unaudited)**                   |     |   | **2006**                        |   |
|                                                                                   |   |                              |     |   |                            |   |
| ***ASSETS***                                                                           |   |                              |     |   |                            |   |
|                                                                                   |   |                              |     |   |                            |   |
| Current                  assets:                                                       |   |                              |     |   |                            |   |
| Cash                  and cash                  equivalents                            |   | $                                 | 21,510   |   |                            | $      | 15,078 |   |
|                                                                                   |   |                              |     |   |                            |   |   |   |
| Total                  assets                                                          |   | $                                 | 21,510   |   |                            | $      | 15,078 |   |
|                                                                                   |   |                              |     |   |                            |   |   |   |
| ***LIABILITES                  AND STOCKHOLDERS’ EQUITY***                       |   |                              |     |   |                            |   |   |   |
|                                                                                   |   |                              |     |   |                            |   |   |   |
| Current                  liabilities:                                                  |   |                              |     |   |                            |   |   |   |
| Accounts                  payable                                                      |   | $                                 | 1,015    |   |                            | $      | 83 |   |
| Total                  current                  liabilities                            |   |                              | 1,015    |   |                            |   | 83 |   |
|                                                                                   |   |                              |     |   |                            |   |   |   |
| Stockholders’                  equity:                                           |   |                              |     |   |                            |   |   |   |
| Preferred                  stock, $0.001 par                  value; 10,000,000 shares |   |                              |     |   |                            |   |   |   |
| authorized,                  none issued and outstanding                               |   |                              |     |   |                            |   |   |   |
| Common                  stock, $0.001 par                  value; 300,000,000          |   |                              |     |   |                            |   |   |   |
| shares                  authorized, 17,743,746 and 17,277,080 shares                   |   |                              |     |   |                            |   |   |   |
| issued                  and outstanding at May 31, 2007, and                           |   |                              |     |   |                            |   |   |   |
| August                  31, 2006, respectively                                         |   |                              | 17,744   |   |                            |   | 17,277 |   |
| Additional                  paid-in                  capital                           |   |                              | 910,525  |   |                            |   | 882,992 |   |
| Accumulated                  deficit                                                   |   |                              | (907,774 | )      |                            |   | (885,274 | ) |
| Total                  stockholders’                  equity                     |   |                              | 20,495   |   |                            |   | 14,995 |   |
|                                                                                   |   |                              |     |   |                            |   |   |   |
| Total                  liabilities and                  stockholders’ equity     |   | $                                 | 21,510   |   |                            | $      | 15,078 |   |

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

----

**Silver      Butte Co., Inc.**

**Statements      of Operations for Three months and Nine MonthsEnded May 31, 2007 and 2006 -      unaudited**

|                                                     |   | **Three                  Months Ended**    |           |   | **Nine                  Months Ended** |       |
|----------------------------------------------------------|--------|-----------------------------------------------------------|----------------|--------|----------------------------------------|------------|
|                                                     |   | **5/31/2007**                                             |           |   | **5/31/2006**                          |       |   | **5/31/2007** |   |   | **5/31/2006** |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |
| Operating                  expenses:                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |
| Professional                  service fees               |   | $                                                         | (3,357         | )      |                                   | $          | (3,131 | ) |   | $ | (20,814 | ) |   | $ | (15,494 | ) |
| Professional                  service fees paid to       |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| related                  parties                         |   |                                                      | -              |   |                                   |       | - |   |   |   | - |   |   |   | (1,381 | ) |
| Other                  general and administrative        |   |                                                      | (1,007         | )      |                                   |       | (200 | ) |   |   | (1,973 | ) |   |   | (1,107 | ) |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| Total                  operating expenses                |   |                                                      | (4,364         | )      |                                   |       | (3,331 | ) |   |   | (22,787 | ) |   |   | (17,982 | ) |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| Other                  income:                           |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| Interest                  income                         |   |                                                      | 64             |   |                                   |       | 56 |   |   |   | 287 |   |   |   | 248 |   |
| Total                  other income                      |   |                                                      | 64             |   |                                   |       | 56 |   |   |   | 287 |   |   |   | 248 |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| **Net                  loss**                            |   | **$**                                                     | **(4,300**     | **)**  |                                   | **$**      | **(3,275** | **)** |   | **$** | **(22,500** | **)** |   | **$** | **(17,734** | **)** |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| **Loss                  per common share – basic** |   | **Nil**                                                   |           |   | **Nil**                                |       |   | **Nil** |   |   | **Nil** |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| **Weighted                  average common shares**      |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
| **outstanding                  – basic**           |   | ** **                                                | **17,743,746** |   |                                   | ** ** | **17,277,080** |   |   | ** ** | **17,714,259** |   |   | ** ** | **17,225,981** |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |                                                      |           |   |                                   |       |   |   |   |   |   |   |   |   |   |   |

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

----

**Silver      Butte Co., Inc.**

**Statements      of Cash Flows for the Nine months ended May 31, 2007 and 2006 -      unaudited**

|                                                            |   | **2007** |    |   | **2006** |   |
|-----------------------------------------------------------------|--------|----------|---------|--------|----------|--------|
|                                                            |   |     |    |   |     |   |
| Cash                  flows from operating activities:          |   |     |    |   |     |   |
| Net                  loss                                       |   | $        | (22,500 | )      |     | $      | (17,734 | ) |
| Adjustments                  to reconcile net loss to net cash  |   |     |    |   |     |   |   |   |
|   used                  in operating activities:      |   |     |    |   |     |   |   |   |
| Increase                  in:                                   |   |     |    |   |     |   |   |   |
| Accounts                  payable                               |   |     | 932     |   |     |   | - |   |
| Accounts                  payable to related party              |   |     | -       |   |     |   | (693 | ) |
| Net                  cash used by operating activities          |   |     | (21,568 | )      |     |   | (18,427 | ) |
|                                                            |   |     |    |   |     |   |   |   |
| Cash                  flows from financing activities:          |   |     |    |   |     |   |   |   |
| Proceeds                  from sale of common stock             |   |     | 28,000  |   |     |   | 31,000 |   |
| Net                  cash provided by financing activities      |   |     | 28,000  |   |     |   | 31,000 |   |
|                                                            |   |     |    |   |     |   |   |   |
| Net                  increase in cash and cash equivalents      |   |     | 6,432   |   |     |   | 12,573 |   |
| Cash                  and cash equivalents, beginning of period |   |     | 15,078  |   |     |   | 5,558 |   |
|                                                            |   |     |    |   |     |   |   |   |
| Cash                  and cash equivalents, end of period       |   | $        | 21,510  |   |     | $      | 18,131 |   |

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

----

**Silver      Butte Co., Inc.**

**Notes      to Financial Statements - Unaudited**

***1.  Basis      of Presentation***

***2.  Description      of Business***

----

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

**General**

**Plan      of Operation**

**Financial      Condition and Liquidity**

----

**ITEM      3.  CONTROLS AND PROCEDURES**

**PART      II**

| **ITEM                1.** | **LEGAL                PROCEEDINGS** |
|----------------------------|--------------------------------------|

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

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

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

| **ITEM                5.** | **OTHER                INFORMATION** |
|----------------------------|--------------------------------------|

----

| **ITEM                6.** | **EXHIBITS** |
|----------------------------|--------------|

**Exhibit      31.1**– Certification      required by Rule 13a-14(a) or Rule 15d-14(a), McConnaughey

**Exhibit      31.2**– Certification      required by Rule 13a-14(a) or Rule 15d-14(a), Evans

**Exhibit      32.1**– Certification      required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350,      McConnaughey

**Exhibit      32.2**– Certification      required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the      Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, Evans

----

**SIGNATURES**