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

| 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)                           |

| [         ] Large accelerated filer   | [         ] Accelerated filer | [         ] Non-accelerated filer   | [ X ] Smaller reporting      company |
|----------------------------------------------------------------|----------------------------------------------|--------------------------------------------------------------|--------------------------------------|

----

| PART      I.                                                                                                         |   |
|----------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                 |   |
| ITEM 1. FINANCIAL    INFORMATION                                                                           | 3      |
| Balance Sheets                                                                                                  | 3      |
| Statements of Operations                                                                                             | 4      |
| Statements of Cash Flows                                                                                        | 5      |
| Condensed Notes to Financial Statements-May 31,      2008                                                       | 6      |
|                                                                                                                 |   |
| ITEM      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS      OF OPERATIONS.  | 7      |
|                                                                                                                 |   |
| ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT      MARKET RISK.                                        | 8      |
|                                                                                                                 |   |
| ITEM 4. 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      |

----

ITEM 1.    FINANCIALINFORMATION

|                                                                                                                                                                                       |   | May      31,2008(unaudited) |     |   |  August      31,2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|----------|--------|---------------------------|--------|
| ASSETS                                                                                                                                                                                     |   |                        |     |   |                      |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |
| Current      assets:                                                                                                                                                                       |   |                        |     |   |                      |   |
| Cash and cash      equivalents                                                                                                                                                             |   | $                           | 40,768   |   |                      | $      | 14,562 |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |   |   |
| Total assets                                                                                                                                                                               |   | $                           | 40,768   |   |                      | $      | 14,562 |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |   |   |
| LIABILITES      AND STOCKHOLDERS’ EQUITY                                                                                                                                             |   |                        |     |   |                      |   |   |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |   |   |
| Current      liabilities:                                                                                                                                                                  |   |                        |     |   |                      |   |   |   |
| Accountspayable                                                                                                                                                                            |   | $                           | 14       |   |                      | $      | 3,175 |   |
| Total current      liabilities                                                                                                                                                             |   |                        | 14       |   |                      |   | 3,175 |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |   |   |
| Stockholders’      equity:                                                                                                                                                           |   |                        |     |   |                      |   |   |   |
| Preferred stock, $0.001 par      value; 10,000,000 sharesauthorized, none issued and      outstanding                                                                                      |   |                        | -        |   |                      |   | - |   |
| Common stock, $0.001 par value;      300,000,000shares authorized, 18,710,412      and 17,743,746 sharesissued and outstanding at May      31, 2008, andAugust 31, 2007,      respectively |   |                        | 18,710   |   |                      |   |     17,744 |   |
| Additional paid-in      capital                                                                                                                                                            |   |                        | 967,559  |   |                      |   | 910,525 |   |
| Accumulated    deficit                                                                                                                                                                     |   |                        | (945,515 | )      |                      |   | (916,882 | ) |
| Total stockholders’      equity                                                                                                                                                      |   |                        | 40,754   |   |                      |   | 11,387 |   |
|                                                                                                                                                                                       |   |                        |     |   |                      |   |   |   |
| Total liabilities and      stockholders’ equity                                                                                                                                      |   | $                           | 40,768   |   |                      | $      | 14,562 |   |

----

Silver Butte Co., Inc.

|                                                            |   | Three Months Ended |       |   | Nine Months Ended |   |
|-----------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                            |   | 5/31/2008          |       |   | 5/31/2007         |   |   | 5/31/2008 |   |   | 5/31/2007 |   |
|                                                            |   | (unaudited)        |       |   | (unaudited)       |   |
| Operating      expenses:                                        |   |               |       |   |              |   |   |   |   |   |   |   |
| Professional service      fees                                  |   | $                  | (3,193     | )      |              | $      | (3,674 | ) |   | $ | (24,756 | ) |   | $ | (17,458 | ) |
| Other general and      administrative                           |   |               | (897       | )      |              |   | (904 | ) |   |   | (3,889 | ) |   |   | (966 | ) |
|                                                            |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Total operating      expenses                                   |   |               | (4,090     | )      |              |   | (4,578 | ) |   |   | (28,645 | ) |   |   | (18,424 | ) |
|                                                            |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Other      income:                                              |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                 |   |               | -          |   |              |   | 106 |   |   |   | 12 |   |   |   | 223 |   |
| Total other    income                                           |   |               | -          |   |              |   | 106 |   |   |   | 12 |   |   |   | 223 |   |
|                                                            |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss                                                   |   | $                  | (4,090     | )      |              | $      | (4,472 | ) |   | $ | (28,633 | ) |   | $ | (18,201 | ) |
| Loss      per common share – basic                        |   | Nil                |       |   | Nil               |   |   | Nil |   |   | Nil |   |
|                                                            |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common sharesoutstanding –    basic |   |               | 18,606,065 |   |              |   | 17,743,746 |   |   |   | 18,166,640 |   |   |   | 17,699,271 |   |

----

Silver Butte Co., Inc.

|                                                                                             |   | Nine      Months Ended |    |
|--------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                             |   | May 31,                |    |   | May 31, |   |
|                                                                                             |   | 2008                   |    |   | 2007 |   |
|                                                                                             |   | (unaudited)            |    |
|                                                                                             |   |                   |    |   |   |   |
| Cash      flows from operating activities:                                                       |   |                   |    |   |   |   |
| Net loss                                                                                         |   | $                      | (28,633 | ) |   | $ | (18,201 | ) |
| Adjustments to reconcile net      loss to net cash  used in operating      activities: |   |                   |    |   |   |   |   |   |
| Change in:                                                                                       |   |                   |    |   |   |   |   |   |
|      Accounts      payable                                              |   |                   | (3,161  | ) |   |   | 202 |   |
| Net cash used by operating      activities                                                       |   |                   | (31,794 | ) |   |   | (17,999 | ) |
|                                                                                             |   |                   |    |   |   |   |   |   |
| Cash      flows from financing activities:                                                       |   |                   |    |   |   |   |   |   |
| Proceeds from sale of common      stock                                                          |   |                   | 58,000  |   |   |   | 28,000 |   |
| Net cash provided by financing      activities                                                   |   |                   | 58,000  |   |   |   | 28,000 |   |
|                                                                                             |   |                   |    |   |   |   |   |   |
| Net      increase in cash and cash equivalents                                                   |   |                   | 26,206  |   |   |   | 10,001 |   |
| Cash      and cash equivalents, beginning of period                                              |   |                   | 14,562  |   |   |   | 15,078 |   |
|                                                                                             |   |                   |    |   |   |   |   |   |
| Cash      and cash equivalents, end of period                                                    |   | $                      | 40,768  |   |   | $ | 25,079 |   |

----

Silver Butte Co., Inc.

----

ITEM 2.    MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS.

----

ITEM 3.    QUANTITATIVE ANDQUALITATIVE DISCLOSURES ABOUT MARKET RISK.

ITEM 4.    CONTROLS ANDPROCEDURES

PART II

----

ITEM 6.    EXHIBITS

Exhibit31.1 – Certificationrequired by Rule 13a-14(a) or Rule 15d-14(a),McConnaughey

Exhibit31.2 – Certificationrequired by Rule 13a-14(a) or Rule 15d-14(a), Evans

Exhibit32.1 – Certificationrequired by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of theSarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350,McConnaughey

Exhibit32.2 – Certificationrequired by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of theSarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, Evans

----