**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 SECURITES EXCHANGE                  ACT OF                  1934 |
|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | For                  the quarter period ended                  May 31, 2006 |
|--------|-----------------------------------------------------------------------------|

| (                  ) | TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT |
|----------------------|-----------------------------------------------------------------------------------------|

|   | For                  the transition period form                    to                     |
|--------|----------------------------------------------------------------------------------------------------------|
|   |                                                                                                     |
|   | Commission                  File number   0-25707                                              |

**                STANDARD        CAPITAL        CORPORATION**

| Delaware                                                    | 91-1949078                               |
|---------------------------------------------------------------------------------|----------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (IRS                  Employer Identification No.) |

| 2429                  -128th                  Street, Surrey, British Columbia, Canada, V4A 3W2 |
|-------------------------------------------------------------------------------------------------|
| (Address                  of principal executive offices)                                       |

| 1-604-538-4898                                     |
|----------------------------------------------------|
| (Issuer’s                  telephone number) |

| N/A                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------|
| (Former                  name, former address and former fiscal year, if changed since last                  report) |

**APPLICABLE        ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS        DURING THE PROCEDING FIVE YEARS**

**APPLICABLE        ONLY TO CORPORATE ISSUERS**

----

**INDEX**

|                          |                                                                                                                                                                                                                           | **Page****Number** |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|
| **PART                  1.**  | FINANCIAL                  INFORMATION                                                                                                                                                                                         |               |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  1.**  | Financial                  Statements (unaudited)                                                                                                                                                                              | **3**              |
|                          |                                                                                                                                                                                                                           |               |
|                          | Balance                  Sheet as at May 31, 2006 and August 31, 2005                                                                                                                                                          | **4**              |
|                          |                                                                                                                                                                                                                           |               |
|                          | Statement                  of OperationsFor                  the three and nine months ended May 31, 2006 and 2005                  and for the period September 24, 1998 (Date of Inception)                  to May 31, 2006 |   **5**  |
|                          |                                                                                                                                                                                                                           |               |
|                          | Statement                  of Cash FlowsFor                  the nine months ended May 31, 2006 and 2005 and                  for the period September 24, 1998 (Date of Inception) to May                  31, 2006           |   **6**  |
|                          |                                                                                                                                                                                                                           |               |
|                          | Statement                  of Changes in Stockholders’ EquityFor                  the period from September 24, 1998 (Date of Inception) to May                  31, 2006                                                |  **7**        |
|                          |                                                                                                                                                                                                                           |               |
|                          | Notes                  to the Financial Statements.                                                                                                                                                                            | **8**              |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  2.**  | Management’s                  Discussion and Analysis or Plan of Operations                                                                                                                                              | **11**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  3.**  | Controls                  and Procedures                                                                                                                                                                                       | **17**             |
|                          |                                                                                                                                                                                                                           |               |
| **PART                  11.** | OTHER                  INFORMATION                                                                                                                                                                                             | **17**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  1.**  | Legal                  Proceedings                                                                                                                                                                                             | **17**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  2.**  | Changes                  in Securities and Use of Proceeds                                                                                                                                                                     | **17**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  3.**  | Defaults                  Upon Senior Securities                                                                                                                                                                               | **19**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  4.**  | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                           | **19**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  5.**  | Other                  Information                                                                                                                                                                                             | **19**             |
|                          |                                                                                                                                                                                                                           |               |
| **ITEM                  6.**  | Exhibits                  and Reports on Form 8-K                                                                                                                                                                              | **19**             |
|                          |                                                                                                                                                                                                                           |               |
|                          | **SIGNATURES**.                                                                                                                                                                                                                | **21**             |
|                          |                                                                                                                                                                                                                           |               |

----

**PART        1 - FINANCIAL INFORMATION**

**ITEM        1. FINANCIAL STATEMENTS**

----

**STANDARD        CAPITAL CORPORATION**

**BALANCE        SHEETS**

|                                                                                                                                         | **May                  31****2006** | **August                  31****2005** |
|----------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|----------------------------------------|
| **ASSETS**                                                                                                                                   |                                |                                   |
|                                                                                                                                         |                                |                                   |
| **CURRENT                  ASSETS**                                                                                                          |                                |                                   |
|                                                                                                                                         |                                |                                   |
| Bank                                                                                                                                         | **$****4,387**                      | **$****103**                           |
|                                                                                                                                         |                                |                                   |
|                                                                                                                                         | **$****4,387**                      | **$****103**                           |
|                                                                                                                                         |                                |                                   |
| **LIABILITIES**                                                                                                                              |                                |                                   |
|                                                                                                                                         |                                |                                   |
| Accounts                  payable - related party                                                                                            | **$                  31,016**       | **28,403**                             |
| Accounts                  payable and accrued liabilities                                                                                    | **23,336**                          | **44,639**                             |
|                                                                                                                                         | **54,352**                          | **73,042**                             |
|                                                                                                                                         |                                |                                   |
| **STOCKHOLDERS’                  DEFICIENCY**                                                                                          |                                |                                   |
|                                                                                                                                         |                                |                                   |
| Common                  stock                                                                                                                |                                |                                   |
| 200,000,000                  shares authorized, at $0.001 par                                                                                |                                |                                   |
| value,                  2,285,000 shares issued and outstanding (August 31, 2005                  - 1,295,000 shares issued and outstanding) |  **2,285**                     |  **1,295**                        |
|                                                                                                                                         |                                |                                   |
| Capital                  in excess of par value                                                                                              | **82,815**                          | **31,155**                             |
|                                                                                                                                         |                                |                                   |
| Deficit                  accumulated during the pre-exploration stage                                                                        | **(135,065)**                       | **(105,389)**                          |
|                                                                                                                                         |                                |                                   |
| Total                  Stockholders’ Deficiency                                                                                        | **(49,965)**                        | **(72,939)**                           |
|                                                                                                                                         |                                |                                   |
|                                                                                                                                         | **$****4,387**                      | **$****103**                           |

----

**STANDARD        CAPITAL CORPORATION**

**STATEMENTS        OF OPERATIONS**

|                                                       | **For                  the****Three                  months****Ended****May                  31,****2006** | **For                  the****Three                  Months****Ended****May                  31,**** ****2005** | **For                  the****Nine****Months****Ended****May                  31,****2006** | **For                  the****Nine****Months****Ended****May                  31,****2005** |   **Date                  of Inception to****May                  31****,****2006** |
|------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| **SALES**                                                  | **$****-**                                                                                                 | **$****-**                                                                                                           | **$                  ______****-**                                                          | **$_____****-**                                                                             | **$****-**                                                                                    |
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| **GENERAL                  AND ADMINISTRATIVE EXPENSES:**  |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| Accounting                  and audit                      | **1,245**                                                                                                  | **1,250**                                                                                                            | **4,185**                                                                                   | **3,750**                                                                                   | **42,135**                                                                                    |
| Annual                  General Meeting   costs  |  **-**                                                                                                |  **-**                                                                                                          |  **679**                                                                               |  **-**                                                                                 |  **2,230**                                                                               |
| Bank                  charges and interest                 | **23**                                                                                                     | **19**                                                                                                               | **188**                                                                                     | **56**                                                                                      | **1,790**                                                                                     |
| Consulting                  fees                           | **-**                                                                                                      | **-**                                                                                                                | **10,000**                                                                                  | **-**                                                                                       | **12,500**                                                                                    |
| Edgar                  filing fees                         | **250**                                                                                                    | **250**                                                                                                              | **750**                                                                                     | **750**                                                                                     | **6,929**                                                                                     |
| Filing                  fees                               | **-**                                                                                                      | **-**                                                                                                                | **28**                                                                                      | **-**                                                                                       | **767**                                                                                       |
| Geological                  report                         | **-**                                                                                                      | **-**                                                                                                                | **-**                                                                                       | **-**                                                                                       | **2,780**                                                                                     |
| Incorporation                  costs                       | **-**                                                                                                      | **-**                                                                                                                | **-**                                                                                       | **-**                                                                                       | **255**                                                                                       |
| Legal                  fees                                | **-**                                                                                                      | **-**                                                                                                                | **2,500**                                                                                   | **-**                                                                                       | **2,987**                                                                                     |
| Management                  fees                           | **600**                                                                                                    | **600**                                                                                                              | **1,800**                                                                                   | **1,800**                                                                                   | **18,600**                                                                                    |
| Miscellaneous                                              | **-**                                                                                                      | **60**                                                                                                               | **75**                                                                                      | **60**                                                                                      | **1,600**                                                                                     |
| Office                  expenses                           | **130**                                                                                                    | **-**                                                                                                                | **1,370**                                                                                   | **14**                                                                                      | **2,947**                                                                                     |
| Rent                                                       | **300**                                                                                                    | **300**                                                                                                              | **900**                                                                                     | **900**                                                                                     | **9,300**                                                                                     |
| Staking                  and exploration   costs | **-**                                                                                                      | **-**                                                                                                                | **3,761**                                                                                   | **3,070**                                                                                   | **13,617**                                                                                    |
| Telephone                                                  | **150**                                                                                                    | **150**                                                                                                              | **450**                                                                                     | **450**                                                                                     | **4,650**                                                                                     |
| Transfer                  agent’s fees               | **18**                                                                                                     | **1,554**                                                                                                            | **640**                                                                                     | **2,182**                                                                                   | **7,170**                                                                                     |
| Travel                  and entertainment                  | **-**                                                                                                      | **-**                                                                                                                | **2,350**                                                                                   | **-**                                                                                       | **4,808**                                                                                     |
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| **NET                  LOSS**                              | **$****(2,716)**                                                                                           | **$****(4,183)**                                                                                                     | **$****(29,676)**                                                                           | **$****(13,032****)**                                                                       | **$****(135,065)**                                                                            |
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| **NET                  LOSS PER COMMON SHARE**             |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| Basic                                                      | **$****-**                                                                                                 | **$****-**                                                                                                           | **$****0.01**                                                                               | **$****0.01**                                                                               |                                                                                          |
|                                                       |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| **AVERAGE                  OUTSTANDING SHARES**            |                                                                                                       |                                                                                                                 |                                                                                        |                                                                                        |                                                                                          |
| Basic                                                      | **2,285,000**                                                                                              | **1,295,000**                                                                                                        | **2,176,209**                                                                               | **1,295,000**                                                                               |                                                                                          |

----

**STANDARD        CAPITAL CORPORATION**

**STATEMENTS        OF CASH FLOWS**

|                                                                                                                    | **For                  the Nine****Months****Ended****May                  31,****2006** | **For                  the Nine****Months****Ended****May                  31,****2005** | **Date                  of Inception****To****May                  31,****2006** |
|-------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
| **CASH                  FLOWS FROM****OPERATING                  ACTIVITIES:**                                          |                                                                                     |                                                                                     |                                                                             |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Net                  loss                                                                                               | **$                  (29,676)**                                                          | **$                  (13,032)**                                                          | **$                  (135,065)**                                                 |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Adjustments                  to reconcile net loss to net  cash                  provided by operating activities: |                                                                                     |                                                                                     |                                                                             |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Changes                  in assets and liabilities:                                                                     |                                                                                     |                                                                                     |                                                                             |
| Accounts                  payable                                                                                       | **(21,303)**                                                                             | **6,696**                                                                                | **23,336**                                                                       |
| Capital                  contributions - expenses                                                                       | **3,150**                                                                                | **3,150**                                                                                | **32,550**** **** **                                                   |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Net                  Cash (Deficiency) from Operations                                                                  | ** ****(47,829)**                                                                   | **(3,186)**                                                                              | ** ****(79,179)**                                                           |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| **CASH                  FLOWS FROM****FINANCING                  ACTIVITIES:**                                          |                                                                                     |                                                                                     |                                                                             |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Accounts                  payable - related party                                                                       | **2,613**                                                                                | **3,140**                                                                                | **31,016**                                                                       |
| Proceeds                  from issuance of Common                  stock                                                |  **49,500**                                                                         |  **-**                                                                              |  **52.550**                                                                 |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
|                                                                                                                    | **52,113**                                                                               | **3,140**                                                                                | ** ****83,566**                                                             |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Net                  increase in Cash                                                                                   | **4,284**                                                                                | **(46)**                                                                                 | **4,387**                                                                        |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| Cash                  at Beginning of Period                                                                            | **103**                                                                                  | **68**                                                                                   | **-**** **                                                                  |
|                                                                                                                    |                                                                                     |                                                                                     |                                                                             |
| **CASH                  AT END OF PERIOD**                                                                              | **$****4,387**                                                                           | **$****22**                                                                              | **$****4,387**                                                                   |

----

**STANDARD        CAPITAL CORPORATION**

**(Pre-Exploration        Stage Company)**

**STATEMENT        OF CHANGES IN STOCKHOLDERS' EQUITY**

**For        the Period from September 24, 1998 (Date of Inception) to May 31,        2006**

|                                                                                                           |  CommonShares        |  StockAmount         | Capital                  in Excess                  of Par                  Value |  Accumulated Deficit   |
|----------------------------------------------------------------------------------------------------------------|---------------------------|---------------------------|-----------------------------------------------------------------------------------|----------------------------------|
|                                                                                                           |                      |                      |                                                                              |                             |
| **Balance                  September 24, 1998**                  (date of inception)                           | -                         | $                  -      | $                  -                                                              | $                  -             |
|                                                                                                           |                      |                      |                                                                              |                             |
| Issuance                  of common shares for cash at $0.001                  - January 11, 1999              | 1,000,000                 | 1,000                     | -                                                                                 | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Issuance                  of common shares for cash at $0.001                  - February 19, 1999             | 100,000                   | 100                       | -                                                                                 | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Issuance                  of common shares for cash at $0.01                  - February 15, 1999              | 195,000                   | 195                       | 1,755                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions - expenses                                                              | -                         | -                         | 4,200                                                                             |                             |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the period from September                  24, 1998 to August 31, 1999 | -                         | -                         | -                                                                                 | (12,976)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions - expenses                                                              | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2000                        | -                         | -                         | -                                                                                 | (12,392)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions - expenses                                                              | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2001                        | -                         | -                         | -                                                                                 | (13,015)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions - expenses                                                              | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2002                        | -                         | -                         | -                                                                                 | (13,502)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions                                                                         | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2003                        | -                         | -                         | -                                                                                 | (16,219)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions                                                                         | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2004                        | -                         | -                         | -                                                                                 | (24,180)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions                                                                         | -                         | -                         | 4,200                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the year ended August                  31, 2005                        | -                         | -                         | -                                                                                 | (13,105)                         |
|                                                                                                           |                      |                      |                                                                              |                             |
| Issuance                  of common shares for cash                  at $0.05 - September 30, 2005             | 990,000                   | 990                       | 48,510                                                                            | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Capital                  contributions                                                                         | -                         | -                         | 3,150                                                                             | -                                |
|                                                                                                           |                      |                      |                                                                              |                             |
| Net                  operating loss for the period ended May                  31, 2006                         |                    - |                    - |                    -                                                         |                    (29,676) |
|                                                                                                           |                      |                      |                                                                              |                             |
| Balance                  as at May 31, 2006                                                                    |  2,285,000           | $                  2,285  | $                  82,815                                                         | $                  (135,065)     |

----

**STANDARD        CAPITAL CORPORATION**

**NOTES        TO FINANCIAL STATEMENTS**

**1.**
**ORGANIZATION**

**2.**
**SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES**

|   |   |
|--------|--------|

|   | Statement                  of Cash Flows |
|--------|------------------------------------------|

|   | For                  the purposes of the statement of cash flows, the Company considers                  all                  highly liquid investments with a maturity of three months or less                  to be                  cash equivalents. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**STANDARD        CAPITAL CORPORATION**

**NOTES        TO FINANCIAL STATEMENTS**

**2.**
**SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES - Continued**

|   | Basic                  and Diluted Net Income (loss) Per                  Share |
|--------|---------------------------------------------------------------------------------|

|   | Basic                  net income (loss) per share amounts is computed based on the weighted                  average number of shares actually outstanding. Diluted net income                  (loss)                  per share amounts are computed using the weighted average number                  of common                  and common equivalent shares outstanding as if shares had been                  issued on                  the exercise of the common share rights unless the exercise becomes                  antidulutive and then only the basic per share amounts are shown                  in the                  report. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Environmental                  Requirements |
|--------|---------------------------------------------|

|   | At                  the report date environmental requirements related to the mineral                  claim                  acquired are unknown and therefore any estimate of any future cost                  cannot                  be made. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**STANDARD        CAPITAL CORPORATION**

**NOTES        TO FINANCIAL STATEMENTS**

**2.**
**SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES - Continued**

**3.**
**AQUISITION        OF MINERAL CLAIM**

|   | The                  Company acquired one 18 unit metric claim known as the Standard                  claim                  situated within the Bridge River gold camp near the town of Gold                  Bridge,                  160 kilometres north of Vancouver, British Columbia, with an expiration                  date of February 23, 2007. The claims may be extended for one year                  by the                  payment of $3,780 Cdn or the completion of work on the property                  of $3,600                  Cdn, plus a filing fee of $180 Cdn. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**4.**
**SIGNIFICANT        TRANSACTIONS WITH RELATED PARTY**

**5.**
**STOCK        OPTION PLAN**

**6.**
**CAPITAL        STOCK**

**7.**
**GOING        CONCERN**

----

**ITEM        2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR **

**PLAN        OF OPERATIONS**

----

**Risks        Associated with Standard: **

| **1.  ** | **Because                  Standard’s auditors have issued a going concern opinion and because its                  officers and directors will not loan any money to it, Standard                  may not be                  able to achieve its objectives and may have to suspend or cease                  exploration activity**. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.  ** | **Because                  the probability of an individual prospect ever having reserves                  is                  extremely remote, in all probability the Standard claim does not                  contain                  any reserves, and any funds spent on exploration will be lost.** |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.  ** | **Standard                  lacks an operating history and has losses which it expects to continue                  into the future. As a result, Standard may have to suspend or cease                  exploration activity or cease operations.** |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | * | Its                  ability to locate a profitable mineral property       |
|--------|---|----------------------------------------------------------------------------|
|   | * | Its                  ability to locate an economic ore reserve             |
|   | * | Its                  ability to generate revenues                          |
|   | * | Its                  ability to reduce exploration                  costs. |

----

| **4.  ** | **Because                  Standard’s officers and directors do not have technical training or                  experience in starting, and operating an exploration company nor                  in                  managing a public company, it will have to hire qualified personnel                  to                  fulfill these functions. If Standard lacks funds to retain such                  personnel,                  or cannot locate qualified personnel, it may have to suspend or                  cease                  exploration activity or cease operations which will result in the                  loss of                  its shareholders’ investment.** |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.  ** | **The                  Standard claim has no known ore reserves. Without ore reserves                  Standard                  cannot generate income and if it cannot generate income it will                  have to                  cease exploration activity which will result in the loss of its                  shareholders’ investment.** |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*** ***
*** ***
*** ***

| **6.  ** | **Because                  Standard is small and does not have much capital, it must limit                  its                  exploration and as a result may not find an ore body.** **Without                  an ore body, Standard cannot generate revenues and its shareholders                  will                  lose their investment.** |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ●  |   | Costs                  of bringing the property into production including exploration                  work,                  preparation of production feasibility studies, and construction                  of                  production facilities; |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ●       |   | Availability                  and costs of financing,                                                                                                                                                                                                     |
| ●       |   | Ongoing                  costs of production,                                                                                                                                                                                                             |
| ●       |   | Market                  prices for the minerals to be produced,                                                                                                                                                                                           |
| ●       |   | Environmental                  compliance regulations and restraints; and                                                                                                                                                                                 |
| ●       |   | Political                  climate and/or governmental regulation and                  control.                                                                                                                                                           |

| **7.  ** | **Standard                  may not have access to all of the supplies and materials it needs                  to begin                  exploration which could cause it to delay or suspend exploration                  activity.** |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8.  ** | **Because                  Standard’s officers and directors have other outside business activities                  and may not be in a position to devote a majority of their time                  to                  Standard’s exploration activity, its exploration activity may be sporadic                  which may result in periodic interruptions or suspensions of                  exploration**. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**9**
*.        *
**Title        to the Standard Claim is registered in the name of another person. Failure        of        the Company to obtain good title to the claim will result in Standard having        to        cease operations. **

----

|   | **10.                  A material risk of Standard may be the lack of timely reporting                  to the                  SEC.** |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

**11.        Because Standard may be unable to meet property maintenance requirements        or        acquire necessary mining licenses, it may lose its interest in the Standard        Claim. **

**12.        Because mineral exploration and development activities are inherently risky,        Standard may be exposed to environmental liabilities. If such an event were        to        occur it may result in a loss of its shareholders’ investment.**

**13.        No matter how much money is spent on the Standard Claim, the risk is that        Standard might never identify a commercially viable ore reserve.**

----

**14.        Even with positive results during exploration, the Standard claim might never        be        put into commercial production due to inadequate tonnage, low metal prices        or        high extraction costs. **

**15.        Because Standard has not put a mineral deposit into production before, it        will        have to acquire outside expertise. If it is unable to acquire such expertise        it        may be unable to put its property into production and its shareholders may        lose        their investment. **

*** ***

**16.        Without a public market there is no liquidity for Standard’s shares and its        shareholders may never be able to sell their shares which would result in        a        total loss of their investment. **

| ● |   | It                  will have to be sponsored by a participating market maker who will                  file a                  Form 211                  on its behalf since it will not have direct access to the NASD                  personnel;                  and |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● |   | Standard                  will not be quoted on the OTCBB unless it is current in its periodic                  reports; being at a minimum Forms 10KSB and 10QSB, filed with the                  SEC                  orother                  regulatory authorities.  |

| **17.** | **Even                  if a market develops for Standard’s shares its shares may be thinly                  traded, with wide share price fluctuations, low share prices and                  minimal                  liquidity.** |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● |   | Potential                  investors’ anticipated feeling regarding our results of                  operations; |
|---------|--------|-----------------------------------------------------------------------------------------------------------------------|
| ● |   | Increased                  competition and/or variations in mineral prices;                                           |
| ● |   | Standard’s                  ability or inability to generate future revenues; and                               |
| ● |   | Market                  perception of the future of the mineral exploration                  industry.                |

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**18.        Standard anticipates the need to sell additional treasury shares in the future        meaning that there will be a dilution to its existing shareholders resulting        in        their percentage ownership in Standard being reduced        accordingly.**

**19.        Because Standard’s securities are subject to penny stock rules, its shareholders        may have difficulty reselling their shares. **

**PART        11 - OTHER INFORMATION**

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| Source                  of Disbursement              | Ref.   | Amount                          |
|------------------------------------------------------|--------|---------------------------------|
|                                                 |   |                            |
| Independent                  accountants             | (i)    | $                  11,940       |
| Consulting                  - preparation of SB-2    | (ii)   | 10,000                          |
| Directors                  reimbursement of expenses | (iii)  | 540                             |
| Exploration                  expenses                | (iv)   | 3,761                           |
| Filing                  fees and franchise tax       | (v)    | 85                              |
| Office                  expenses                     | (vi)   | 444                             |
| Office                  expenses - accounts payable  | (vii)  | 681                             |
| Transfer                  agent - accounts payable   | (viii) | 4,000                           |
| Travel                  expenses                     | (ix)   | 992                             |
| Prior                  exploration - account payable | (x)    | 2,605                           |
| Transfer                  agent - current fees       | (xi)   | 622                             |
| Other                  accounts payable payments     | (xii)  | 6,755                           |
| Legal                  fees                          | (xiii) | 2,500                           |
| Bank                  charges and expenses           |   | 188                             |
| Cash                  on hand - May 31, 2005         |   | 4,387                           |
| Total                  amount raised                 |   | $                  49,500  |

| (i) | Payment                  to Madsen & Associate CPA’s Inc. for outstanding balance as at August                  31, 2005, plus payment for November 30, 2005 and February 28, 2006                  review                  engagements. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii) | Directors’                  approved the use of a consultant to prepare and submit a registration                  statement for filing with the Securities and Exchange                  Commission. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv) | Advance                  of $3,261 made to allow exploration work on the Standard claim                  in early                  November. The exploration work has been completed and filed with                  the                  Ministry of Energy and Mines. An additional $500 was paid for the                  transfer                  of the Standard claims into a director’s name for the convenience of the                  Company. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (v) | Franchise                  tax of $75 plus miscellaneous filing                  fees. |
|-----|----------------------------------------------------------------------------------------|

| (viii) | Standard                  negotiated with Nevada Agency & Trust Company to settle their                  outstanding account for the total consideration of $4,000. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (x) | Certain                  exploration expenses incurred in past years had not been settled                  in full                  and therefore were paid from the proceeds of the Offering                  Memorandum. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (xi) | An                  invoice in the amount of $622 was received from the transfer agent                  for the                  issuance of shares subscribed for under the Offering Memorandum                  dated                  September 5, 2005 and for several copies of the shareholders’                  report. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (xiii) | Standard                  engaged the services of Conrad C. Lysiak, attorney at law, to give                  a legal                  opinion to be included in the Form SB-2 filed with the Securities                  and                  Exchange Commission on November 10,                  2005. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The                  appointment of Madsen & Associates, CPA’s Inc. as the Company’s                  independent accountants for the year ended August 31,                  2006. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.1 | Certificate                  of Incorporation (incorporated by reference from Standard’s Registration                  Statement on Form 10-SB filed on December 6,                  1999) |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Articles                  of Incorporation (incorporated by reference from Standard’s Registration                  Statement on Form 10-SB filed on December 6,                  1999) |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | By-laws                  (incorporated by reference from Standard’s Registration Statement on Form                  10-SB filed on December 6, 1999) |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 99.1 | Certification                  of the Chief Executive Officer Pursuant to Section 906 of the                  Sarbanes-Oxley Act of 2002 |
|------|------------------------------------------------------------------------------------------------------------------------------------------|

| 99.2 | Certificate                  Pursuant to 18 U.S.C Section 1350 signed by the Chief Executive                  Officer |
|------|-----------------------------------------------------------------------------------------------------------------------|

| 99.3 | Certification                  of the Chief Financial Officer Pursuant to Section 906 of the                  Sarbanes-Oxley Act of 2002 |
|------|------------------------------------------------------------------------------------------------------------------------------------------|

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