<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                   FORM 10-QSB

                                   (MARK ONE)

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

                    FOR QUARTERLY PERIOD ENDED MARCH 31, 2001

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

         FOR THE TRANSITION PERIOD FROM ______________ TO ______________

                         COMMISSION FILE NUMBER 0-25658

                             KALAN GOLD CORPORATION
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                 COLORADO                                84-1357927
     (STATE OR OTHER JURISDICTION OF           (IRS EMPLOYER IDENTIFICATION NO.)
      INCORPORATION OR ORGANIZATION)

                     SUITE 11.02, 11TH FLOOR MENARA MERAIS,
                     NO. 1, JALAN 19/3, 46300 PETALING JAYA,
                               SELANGOR, MALAYSIA
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                               011 (603) 7956 7026
                (ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE)

              (FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR,
                          IF CHANGED SINCE LAST REPORT)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes  X    No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

        Class                     Number of shares outstanding at March 31, 2001
        -------                   ----------------------------------------------
Common stock, $.00001 par value                     97,290,999

<PAGE>

FORM 10-QSB
1ST QUARTER

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                        Page
<S>                                                                                                  <C>
PART I  -  FINANCIAL INFORMATION

         ITEM 1. FINANCIAL STATEMENTS

         Condensed consolidated balance sheet as at March 31, 2001 (Unaudited)                            3

         Condensed consolidated statements of operations and comprehensive loss for
         the three months ended March 31, 2001 and March 31, 2000 (Unaudited)                             4

         Condensed consolidated statements of cash flows for the three months ended
         March 31, 2001 and March 31, 2000 (Unaudited)                                                    5

         Notes to condensed consolidated financial statements (Unaudited)                               6 - 9

         ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS                                                  10 - 12


PART II - OTHER INFORMATION

         ITEM 1. LEGAL PROCEEDINGS                                                                       13

         ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS                                               13

         ITEM 3. DEFAULTS UPON SENIOR SECURITIES                                                         13

         ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                     13

         ITEM 5. OTHER INFORMATION                                                                       13

         ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                                        13

         SIGNATURES                                                                                      14

</TABLE>

SAFE HARBOR STATEMENT

This Form 10-QSB and other reports filed by the Company from time to time with
the Securities and Exchange Commission, as well as the Company's press releases,
contain or may contain forward-looking statements and information that are based
upon beliefs of, and information currently available to, the Company's
management, as well as estimates and assumptions made by the Company's
management. Forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "may", "should", "anticipates",
"estimates", "expects", "future", "intends", "hopes" or "plans" or the negative
thereof. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results of the Company
to vary materially from historical results or from any future results expressed
or implied in such forward-looking statements. Such factors include, among
others, the following: revocation of the Company's license, ability to
successfully implement its business plans, market acceptance of fixed wireless
broadband services, ability to obtain services provided by other communications
companies, limited suppliers of LMDS equipment, failure to obtain roof access,
the ability of the Company to raise capital on a timely basis, the Company's
business is subject to existing and future government regulations, failure to
retain qualified personnel, competitive pressures and potentially adverse tax
and cash flow consequences resulting from operating in multiple countries with
different laws and regulations, ability to maintain profitability in the future,
the ability of the Company to deploy VISIONET, and general economic and business
conditions in Malaysia. The Company does not undertake to update, revise or
correct any of the forward-looking information.

                                       2
<PAGE>

PART I -  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                     KALAN GOLD CORPORATION AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2001
                                   (Unaudited)

<TABLE>
<CAPTION>
                                     ASSETS
<S>                                                           <C>
Current assets:

     Cash                                                       $         3,847
     Accounts receivable, less allowance for doubtful
       accounts of $779,179                                             971,712
     Prepaid expenses                                                    29,033
                                                                ---------------
              Total current assets                                    1,004,592
Furniture and equipment, net                                          1,807,827
Intangible assets, net                                                  559,491
Long-term receivables, related parties                                  789,474
                                                                ---------------
                                                                $     4,161,384
                                                                ===============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

     Current portion of capital lease obligations               $        18,039
     Accounts payable                                                   280,037
     Accrued expenses                                                   306,503
     Amount due to an affiliated company                                156,058
     Amount due to a director                                           174,807
                                                                ---------------
              Total current liabilities                                 935,444
                                                                ---------------
     Capital lease obligations, net of current portion                  130,472
     Deferred gain                                                      729,395
                                                                ---------------
              Total liabilities                                       1,795,311
                                                                ---------------
Minority interest                                                       149,667
                                                                ---------------
Shareholders' equity:
     Preferred stock, $0.10 par value; 1,000,000 shares
       authorized; no shares issued and outstanding
     Common stock, $.00001 par value; 100,000,000 shares
       authorized; 97,290,999 shares issued and outstanding                 973
     Additional paid-in capital                                       3,412,415
     Accumulated deficit                                             (1,253,621)
     Accumulated other comprehensive income                              56,639
                                                                ---------------
              Total shareholders' equity                              2,216,406
                                                                ---------------
                                                                $     4,161,384
                                                                ===============
</TABLE>

      See accompanying notes to condensed consolidated financial statements

                                       3
<PAGE>

                     KALAN GOLD CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                             AND COMPREHENSIVE LOSS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                   Three months ended
                                                                        March 31
                                                                 2001               2000
                                                             ------------    ------------------
                                                                                (As restated,
                                                                                  Note 10)
<S>                                                          <C>             <C>
Revenues:

     Related parties                                         $         --    $          148,684
     Others                                                       936,053                   789
                                                             ------------    ------------------
                                                                  936,053               149,473
Cost of revenues                                                  828,974                   632
                                                             ------------    ------------------
Gross profit                                                      107,079               148,841
                                                             ------------    ------------------
Operating expenses:
     Sales and marketing                                           20,216                22,241
     General and administrative:
       Related parties                                             30,000                75,000
       Others                                                     162,596               177,744
                                                             ------------    ------------------
Total operating expenses                                          212,812               274,985
                                                             ------------    ------------------
Loss from operations                                             (105,733)             (126,144)
                                                             ------------    ------------------
Other income (expense):
     Interest expense                                              (5,109)               (3,539)
     Gain on disposal of assets                                       526
     Other income:
       Related parties                                                 --                 9,706
                                                             ------------    ------------------
                                                                   (4,583)                6,167
                                                             ------------    ------------------
Loss before minority interest                                    (110,316)             (119,977)

Minority interest                                                  10,567                    --
                                                             ------------    ------------------
Net loss                                                     $    (99,749)   $         (119,977)
Comprehensive income - translation adjustment                          --                   369
                                                             ------------    ------------------
Comprehensive loss                                           $    (99,749)   $         (119,608)
                                                             ============    ==================
Basic and diluted loss per common share                      $          *    $                *
                                                             ============    ==================
Weighted average number of common shares outstanding           97,290,999            95,926,164
                                                             ============    ==================
</TABLE>

* Less than $.01 per share

      See accompanying notes to condensed consolidated financial statements

                                       4
<PAGE>

                     KALAN GOLD CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                      Three Months Ended
                                                                           March 31
                                                                   2001               2000
                                                              ---------------    -------------
                                                                                 (As restated,
                                                                                    Note 10)
<S>                                                           <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     Net cash used in operating activities                    $       (74,724)   $    (260,521)
                                                              ---------------    -------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Proceeds from disposal of fixed assets                   $           526    $          --
     Proceeds from disposal of investment in subsidiaries              13,421               --
                                                              ---------------    -------------
           Net cash provided by investing activities          $        13,947               --
                                                              ---------------    -------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from issue of shares of common stock                         --        1,150,000
     Net proceeds from (payments to) affiliated company                10,129         (311,428)
     Net proceeds from (payments to) a director                        54,386         (548,018)
     Payment of obligation under capital leases                        (3,962)          (5,531)
                                                              ---------------    -------------
           Net cash provided by financing activities          $        60,553    $     285,023
                                                              ---------------    -------------

Effect of exchange rate change on cash                                     --              369
Net (decrease) increase in cash                                          (224)          24,502
Cash, beginning of period                                               4,071            3,959
                                                              ---------------    -------------
Cash, end of period                                           $         3,847    $      28,830
                                                              ===============    =============
</TABLE>

      See accompanying notes to condensed consolidated financial statements

                                       5
<PAGE>

                             KALAN GOLD CORPORATION
               NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2001
                                   (UNAUDITED)

1.   BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements of Kalan
Gold Corporation (the "Company") include the accounts of Kalan Gold Corporation
and its wholly-owned subsidiary, Animated Electronic Industries Sdn Bhd ("AEI"),
as well as AEI's 86% owned subsidiary, Perwimas Telecommunications Sdn Bhd
("PTSB"), a company incorporated in Malaysia. All significant intercompany
accounts and transactions have been eliminated on consolidation.

The unaudited condensed consolidated financial statements presented herein have
been prepared in accordance with the instructions to Form 10-QSB and do not
include all the information and note disclosures required by generally accepted
accounting principles for complete financial statements.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) which are necessary to provide a fair presentation of
operating results for the interim period presented have been made. The results
of operations for the interim periods presented are not necessarily indicative
of the results to be expected for the entire year.

The financial statements have been prepared on the basis that the Company is a
going concern. Financial data presented herein are unaudited, pursuant to the
rules and regulations of the Securities and Exchange Commission.

2.   GOING CONCERN AND MANAGEMENT'S PLANS

The accompanying consolidated financial statements have been prepared on a
going concern basis, which contemplates the realization of assets and the
settlement of liabilities and commitments in the normal course of business.
For the period ended March 31, 2001, the Company reported a net loss of
$99,749 and at March 31, 2001 has an accumulated deficit of $1,253,621. The
Company has not recognized any significant revenues and expects to incur
continued cash outflows, which are expected to result in a working capital
deficiency within the current fiscal year. As a result, the Company may
experience difficulty and uncertainty in meeting its liquidity needs during
the current fiscal year.

The Company is developing a wireless broadband network, "VISIONET", in Malaysia
and intends to acquire additional licenses and spectrum rights in other Asian
markets. In November 2000, PTSB entered into a strategic alliance with a
Malaysian Internet service provider. The Company has since developed a revised
business model based on the operations of an integrated national broadband
network. The Company expects to generate revenues by providing other broadband
communication services that include:

1.   operation of VISIONET;
2.   operation of its multimedia portal, visionetwork.com;
3.   development and operation of local mobile  networks that provide mobile
     Internet access through handheld devices; and
4.   production and delivery of training and adult education programs.

                                       6
<PAGE>

2.   GOING CONCERN AND MANAGEMENT'S PLANS (CONTINUED)

As in the establishment of many other new businesses, there are various risk
factors including competition, technology availability and market acceptance
risks. The Company requires substantial amounts of capital to establish its
business and expects to incur substantial losses over the next few years.

The Company's plan to overcome its financial difficulties and return to
profitability centers on expanding its business in multimedia content production
and the roll out of VISIONET. To cope with its expansion in the multimedia
content production business, the Company had, since April 2000, sub-contracted
production work to contractors to focus on marketing its content production
services to gain a larger market share. The Company hopes to commercially launch
VISIONET sometime in the second half of 2001 but cannot provide assurance that
any target launch date will be met. The Company is currently negotiating with
application service providers to host and deliver their content via VISIONET.

The Company believes that sufficient cash will be generated from the following
sources to fund its operations for the next twelve months:

o    Intensification of efforts to collect overdue receivables. The Company
     intends to keep close contact with its debtors to keep updated on their
     liquidity status. Legal action will only be taken as a last resort.

o    Advances from a director/officer who is also a major shareholder as
     required to finance the Company's working capital requirements.

o    The Company may consider a private placement of its shares.

o    The Company may also seek to obtain equipment financing.

With the above plans and barring any unforeseen circumstances, Management
believes the Company will be able to continue as a going concern.

3.   TRANSLATION OF CURRENCIES

The functional currency of the Company's subsidiaries is the Malaysian Ringgit.
The financial statements of these subsidiaries are translated into United States
dollars using year-end rates of exchange for assets and liabilities, and average
rates of exchange for the year for revenues, costs, and expenses. Translation
gains and losses are treated as a component of shareholders' equity. The
reporting currency used in the financial statements is USD unless otherwise
stated.

4.   REVENUE RECOGNITION

Revenue represents the net invoiced value of goods sold or fees earned from the
production of multimedia programs and Intranet and management and consulting
services. The Company recognizes revenue from the sales of goods in the period
when significant risks and rewards of ownership has transferred to its
customers. The Company recognizes revenue from the services provided in the
period in which the services are performed and when there is no significant
uncertainty regarding the consideration to be received and the associated costs
to be incurred.

                                       7
<PAGE>

5.   LOSS PER COMMON SHARE

Loss per common share is calculated by dividing net loss by the weighted average
number of common shares outstanding for the period. Diluted loss per common
share includes the dilution that would occur if outstanding stock options and
other dilutive securities were exercised and is comparable to the loss per
common share the Company has historically reported. The diluted loss per common
share calculation excludes the effect of stock options when their exercise
prices exceed the average market price over the period.

6.   INTANGIBLE ASSETS

Intangible assets at March 31, 2001 consist of goodwill of $559,491. Goodwill
represents the costs of the Company's investment in PTSB in excess of the net
tangible assets acquired, and is amortized on the straight line method over five
years.

7.   INCOME TAXES:

Income taxes are provided for the tax effects of transactions reported in the
financial statements and consist of taxes currently due plus deferred taxes
related primarily to differences between the recorded book basis and tax basis
of assets and liabilities for financial and income tax reporting. The deferred
tax assets and liabilities represent the future tax return consequences of those
differences, which will either be taxable or deductible when the assets and
liabilities are recovered or settled. Deferred taxes are also recognized for
operating losses that are available to offset future taxable income and tax
credits that are available to offset future federal income taxes.

No income tax provision was made for the period as the Company incurred losses
from its operation for the three-month periods ended March 31, 2001 and 2000,
respectively.

8.   ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the balance sheet and the
reported amounts of revenues and expenses during the reporting periods. Actual
results could differ from those estimates.

9.   RECLASSIFICATIONS

Certain amounts in the prior period financial statements have been reclassified
for comparative purposes to conform to the presentation in the current period
financial statements.

                                       8
<PAGE>

10.  RESTATEMENT OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED
     MARCH 31, 2000

Subsequent to the issuance of the Company's March 31, 2000 Form 10QSB filed May
22, 2000, management became aware that related party receivables related to the
normal operations and asset sales were not recorded properly. Due to the
extended period of time without payment from related parties and the uncertain
collectibility, the Company has determined that sales to related parties for
normal operations should be recorded as revenue when cash is collected. Also,
the sale of assets to related parties has been recorded under the cost of
recovery method. Revenue will be recognized when the cost of the equipment sold
has been fully recovered. The Company's March 31, 2000 financial statements have
been restated to reflect this accounting change as follows:

<TABLE>
<CAPTION>
                                              Quarter ended March 31, 2000
                                          --------------------------------------
                                             As previously
                                               reported            As restated
                                          -----------------      ---------------
<S>                                       <C>                    <C>
    Total assets                          $    2,362,948         $     4,079,383
    Total liabilities                            567,463               1,628,909
    Minority interest                            (23,016)                      0
    Shareholders' equity (deficit)             1,818,501               2,450,474
    Net loss applicable to common
      shareholders                               237,750                 119,977
    Net loss per share applicable
      to common shareholder                           -                      -

</TABLE>

                                       9
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

THE FOLLOWING ANALYSIS OF THE OPERATIONS AND FINANCIAL CONDITION OF THE COMPANY
SHOULD BE READ IN CONJUNCTION WITH THE CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS, INCLUDING THE NOTES THERETO, OF THE COMPANY CONTAINED ELSEWHERE IN
THIS FORM 10-QSB.

OVERVIEW

On April 20, 1999, the Company, formerly known as Knight Natural Gas, Inc., a
Colorado corporation, completed a merger with Animated Electronic Industries Sdn
Bhd ("AEI"), a Malaysian, privately-held company formed October 6, 1988. At
closing, AEI's shareholders received approximately 88% or 83,320,000 shares of
the outstanding post-merger common stock of the Company in exchange for their
AEI common stock. The transaction has been recorded in 1999 as an acquisition of
Kalan Gold Corporation by AEI, and a recapitalization of AEI.

Kalan Gold Corporation and subsidiaries (the "Company") provides network
facilities and services for two-way wireless broadband applications that include
distance learning, live news coverage, remote video surveillance, emergency
field services (including tele-medicine) and on site progress monitoring.
Presently, the Company's revenues are primarily derived from the design,
development and production of interactive multimedia websites and content.

COMPARISON OF THE THREE MONTHS ENDED MARCH 31, 2001 TO THE THREE MONTHS ENDED
MARCH 31, 2000


REVENUES

Revenues for the three months ended March 31, 2001 totaled $936,053 compared
to $149,473 for the three months ended March 31, 2000, an increase of
$786,580 or 526%. The increase in net sales in the three months ended March
31, 2001 as compared to the three months ended March 30, 2000 was mainly due
to an increase in fees earned from the production of multimedia programs. No
single customer accounted for more than 10% of total revenue for the three
months ended March 31, 2001. For the three months ended March 31, 2000, three
customers, all related entities, accounted for 38%, 47% and 14% respectively,
of total revenue.

GROSS PROFIT

Gross profit decreased to $107,079 for the three months ended March 31, 2001,
compared to $148,841 for the three months ended March 31, 2000, a decrease of
$41,762 or 28%. The decrease in gross profit was due to higher cost of revenues
incurred in 2001. Cost of revenues increased by $828,342, or 131,067%, to
$828,974 in 2001 from $632 in 2000. This increase was a result of the Company
requiring additional external resources in order to fulfill the higher demand
for the Company's services. The outsourcing of content production work enabled
the Company to develop a team of contractors that will assist the Company in
producing multimedia content and applications that are crucial to its future
business operation. In the three months ended March 31, 2000, the Company
utilized its existing manpower and facilities for the development and production
of multimedia content and expenses related to cost of production were not
segregated from general and administrative expenses.

                                       10
<PAGE>

SALES AND MARKETING EXPENSES

Sales and marketing expenses decreased by $2,025, or 9%, to $20,216 for the
three months ended March 31, 2001 from $22,241 for the three months ended March
31, 2000. The decrease was primarily due to lower marketing expenses incurred to
promote the Company's business of developing and producing multimedia programs
and provision of design and consulting services for interactive website
development.

GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses were $192,596 for the three months ended
March 31, 2001 compared to $252,744 for the three months ended March 31,
2000, a decrease of $60,148 or 24%. The decrease was mainly attributable to
lower general and administrative expenses resulting from outsourcing of
multimedia content production to contractors and lower management fees
payable to a company in which the President and Chief Executive Officer of
the Company, has a financial interest. The management fee was charged on the
basis of time spent for the administration and management services provided
to the Company.

NET LOSS

The Company recorded a net loss of $99,749 for the three months ended March
31, 2001 compared to a net loss of $119,977 for the three months ended March
31, 2000.

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2001, the Company had cash of $3,847. All operations were funded
from internally generated funds and working capital advanced by the principal
shareholder, director and officer of the Company. These advances bear no
interest and have no fixed terms of repayment.

For the three months ended March 31, 2001, cash used in operating activities of
$74,726 was attributable to higher operating expenses.

Net cash received from investing activities of $13,947 was primarily due to
receipt of proceeds attributable to sale of a subsidiary in 2000.

Net cash provided by financing activities of $60,553 was primarily from advances
by the principal shareholder, director and officer of the Company. As of March
31, 2001, the Company owed Mr. Lim, the Chief Executive Officer, President and a
Director of the Company, $174,807 for short-term cash advances made to the
subsidiary of the Company for working capital purposes from time to time.
Additionally, as of March 31, 2001 the amount owing to a company in which Mr.
Lim has a financial interest amounted to $156,058. This amount was for
short-term cash advances made to the Company and its subsidiaries for working
capital purposes from time to time and for management fees. These amounts are
unsecured, bear no interest and have no fixed terms of repayment.

The Company believes that sufficient cash will be generated from the following
sources to fund its operations for the next twelve months:

o    Intensification of efforts to collect overdue receivables. The Company will
     maintain close contact with its debtors to keep updated on their liquidity
     status. The debtors will be persuaded to give priority to outstanding debts
     due to the Company whenever funds are available. Legal action will only be
     taken as a last resort.

o    Advances from director and major shareholder as and when required to
     finance Kalan's working capital requirements. The Company's President and
     CEO, Mr. Patrick Lim, who is also the Company's major shareholder, has
     committed himself to advance funds to the Company for working capital. Such
     funds have been provided by Mr. Lim since the completion of the reverse
     acquisition of Kalan by AEI.

                                       11
<PAGE>

o The Company may consider a private placement of its shares.

o The Company may also seek to obtain equipment financing.

In addition to internally generated funds and financial support from a
director and major shareholder, the Company seeks to raise additional funds
from equity or debt financing for its future working capital requirements. As
of March 31, 2001 the Company has to date acquired assets of approximately
$1.2 million, including asset purchases of approximately $395,000 in year
2000, in preparing for the roll out of VISIONET. The Company estimates that
additional capital expenditures up to $10.0 million will be required for the
commercial launch of VISIONET in 2001. There is, however, no assurance that
financing will be available or, if available, that it would be offered to the
Company on acceptable terms. The Company will continuously evaluate its
financing requirements and may decide to consider alternative modes of
financing.

                                       12
<PAGE>

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Details of the Company's legal proceedings have been described in the Company's
Form 10-KSB for the year ended December 31, 2000. There were no further
developments with respect to the Company's legal proceedings during the first
quarter of 2001.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     None.

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

     None.

ITEM 5. OTHER INFORMATION

     None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits

         None.

     (b) Reports on Form 8-K:

         None.

                                       13
<PAGE>

                                   SIGNATURES

     In accordance with the requirements of the Securities and Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                     KALAN GOLD CORPORATION
                                           (Registrant)

DATE: MAY 14, 2001                   BY: /s/ Patrick Soon-Hock Lim
                                        ------------------------------
                                        Patrick Soon-Hock Lim
                                        President & Chief Executive Officer

DATE: MAY 14, 2001                   BY: /s/ Chee Hong Leong
                                        ------------------------------
                                        Chee Hong Leong
                                        Chief Financial Officer
                                       (Principal Financial Officer and
                                        Principal Accounting Officer)



                                       14