**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C.   20549**









**FORM
      10-QSB**





**[
                X ]**
            **QUARTERLY
                REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**





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





**[    ]**
            **TRANSITION
                REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**





For
      the
      transition period from _________________________
      to _________________________








**Commission
      file number 000-52796**








**GURATA
                GOLD, INC.**(Exact
                name of small business issuer as specified in its
                charter)








Nevada
            00-0000000(State
                or other jurisdiction of incorporation or
                organization)
            (I.R.S.
                Employer Identification No.)1403
–
1200
                Alberni Street,
                Vancouver, British Columbia, V6E 1A6, Canada(Address
                of principal executive offices)





604-417-9933(Issuer’s
                telephone number)





n/a(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**





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


**[
      X ]
      Yes         [    ]  No**




**APPLICABLE
      ONLY TO CORPORATE ISSUERS**





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





**Class**
            **Outstanding
                at October 12, 2007**common
                stock - $0.001 par value
            22,000,000





Transitional
      Small Business Disclosure Format (Check
      one):    **Yes   [   ]     No   [
      X ]**




**Page
          - 1**





**PART
      I – FINANCIAL INFORMATION**





**GURATA
      GOLD, INC.**




**FINANCIAL
      STATEMENTS**




**AS
      AT AUGUST 31, 2007 AND FOR THE THREE**




**MONTHS
      ENDED AUGUST 31, 2007 and 2006**




**(UNAUDITED)**









**Page
          - 2**







**GURATA
                GOLD, INC.****(AN
                EXPLORATION STAGE COMPANY)****BALANCE
                SHEET**
              **(UNAUDITED)**





**August
                31,****2007****ASSETS**Current
                assets:Cash
            
            $
            2,971Accounts
                receivable
            
            
            210Total
                assets
            
            $
            3,181**LIABILITIES
                AND STOCKHOLDERS' DEFICIT**Current
                liabilities:Accounts
                payable and accrued liabilities
            
            $
            4,152Due
                to related party
            
            
            33Total
                liabilities
            
            
            4,185Commitments
                and contingenciesStockholders'
                deficit:Common
                stock; authorized 75,000,000; $0.001 par value; 22,000,000
                sharesissued
                and outstanding at August 31, 2007
            
            
            22,000Additional
                paid in capital
            
            
            8,250Deficit
                accumulated during the exploration stage
            
            
            (31,254
            )Total
                stockholders' deficit
            
            
            (1,004
            )Total
                liabilities and stockholders' deficit
            
            $
            3,181





The
                accompanying notes are an integral part of these financial
                statements





**Page
            - 3**





**GURATA
                GOLD, INC.****(AN
                EXPLORATION STAGE COMPANY)****STATEMENTS
                OF OPERATIONS**
              **(UNAUDITED)**





**Three
                Months Ended August 31, 2007**
            
            
            **Three
                Months Ended August 31, 2006**
            
            
            **From
                May 26, 2006 (Inception) to August 31, 2007**Operating
                Expenses:Administrative
            
            $
            2,000
            
            
            $
            -
            
            
            $
            5,500Bank
                charges and interest
            
            
            106
            
            
            
            54
            
            
            
            221Donated
                rent
            
            
            -
            
            
            
            750
            
            
            
            2,750Donated
                service fees
            
            
            -
            
            
            
            1,500
            
            
            
            5,500Exploration
                and development costs
            
            
            -
            
            
            
            -
            
            
            
            3,976Professional
                fees
            
            
            10,500
            
            
            
            -
            
            
            
            10,642Regulatory
            
            
            690
            
            
            
            -
            
            
            
            1,665Impairment
                loss on mineral property costs
            
            
            -
            
            
            
            -
            
            
            
            1,000Net
                loss for the period
            
            $
            13,296
            
            
            $
            2,304
            
            
            $
            31,254Net
                loss per share:Basic
                and diluted
            
            $
            0.00
            
            
            $
            0.00Weighted
                average number of shares outstanding:Basic
                and diluted
            
            
            22,000,000
            
            
            
            3,554,348





The
                accompanying notes are an integral part of these financial
                statements





**Page
            - 4**







**GURATA
                GOLD, INC.****(AN
                EXPLORATION STAGE COMPANY)****STATEMENTS
                OF CASH FLOWS**
              **(UNAUDITED)**





**Three
                Months Ended August 31, 2007**
            
            
            **Three
                Months Ended August 31, 2006**
            
            
            **From
                May 26, 2006 (Inception) to August 31, 2007**Cash
                flow from operating activities:Net
                loss
            
            $
            (13,296
            )
            
            $
            (2,304
            )
            
            $
            (31,254
            )Adjustments
                to reconcile net loss to net cash used in operting
                activities:Donated
                services and rent
            
            
            -
            
            
            
            2,250
            
            
            
            8,250Impairment
                loss on mineral property costs
            
            
            -
            
            
            
            -
            
            
            
            1,000Changes
                in operating assets and liabilities:Accounts
                receivable
            
            
            (210
            )
            
            
            -
            
            
            
            (210
            )Accounts
                payable and accrued liabilities
            
            
            510
            
            
            
            -
            
            
            
            4,152Due
                to related party
            
            
            -
            
            
            
            -
            
            
            
            33Net
                cash used in operating activities
            
            
            (12,996
            )
            
            
            (54
            )
            
            
            (18,029
            )Cash
                flows from investing activities:Acquisition
                of mineral properties
            
            
            -
            
            
            
            -
            
            
            
            (1,000
            )Net
                cash used in investing activities
            
            
            -
            
            
            
            -
            
            
            
            (1,000
            )Cash
                flows from financing activities:Cash
                from issuance of common stock
            
            
            -
            
            
            
            22,000
            
            
            
            22,000Net
                cash provided by financing activities
            
            
            -
            
            
            
            22,000
            
            
            
            22,000Increase
                in cash during the period
            
            
            (12,996
            )
            
            
            21,946
            
            
            
            2,971Cash,
                beginning of period
            
            
            15,967
            
            
            
            -
            
            
            
            -Cash,
                end of period
            
            $
            2,971
            
            
            $
            21,946
            
            
            $
            2,971Supplemental
                disclosure of cash flow information:Cash
                paid during the periodTaxes
            
            $
            -
            
            
            $
            -
            
            
            $
            -Interest
            
            $
            -
            
            
            $
            -
            
            
            $
            -





The
                accompanying notes are an integral part of these financial
                statements







**Page
          - 5**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      1 – ORGANIZATION AND BASIS OF PRESENTATION**




**Nature
      of Operations**





Gurata
      Gold, Inc. (“Gurata”) was incorporated on May 26, 2006, under the laws of the
      State of Nevada. Gurata’s principal business is the acquisition and exploration
      of mineral resources in northwestern British Columbia, Canada.  Gurata
      has not presently determined whether its properties contain mineral reserves
      that are economically recoverable.  Gurata has not commenced
      significant operations and is considered an Exploration Stage Company, as
      defined by Statement of Financial Accounting Standard (“SFAS”) No.7
*Accounting and Reporting by Development Stage
      Enterprises**.*  In these notes, the terms “Company”, “we”,
“us” or “our” mean Gurata.





**Basis
      of Presentation**





These
      financial statements and related notes are presented in accordance with
      accounting principles generally accepted in the United States, and are expressed
      in US dollars.




The
      accompanying unaudited financial statements included herein have been prepared
      in accordance with accounting principles generally accepted in the United States
      for interim financial information and with the instructions to Form 10-QSB
      and
      Item 310(b) of Regulation S-B. They do not include all information and notes
      required by generally accepted accounting principles for complete financial
      statements. However, except as disclosed herein, there has been no material
      change in the information disclosed in the notes to financial statements
      included in the report on Form SB-2 of Gurata Gold, Inc. for the year ended
      May
      31, 2007. In the opinion of management, all adjustments (including normal
      recurring accruals) considered necessary for a fair presentation have been
      included. Operating results for the three months ended August 31, 2007 are
      not
      necessarily indicative of the results that may be expected for any interim
      period or the entire year. For further information, these financial statements
      and the related notes should be read in conjunction with the Company’s audited
      financial statements for the year ended May 31, 2007 included in the Company’s
      report on Form SB-2.





**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**




**Cash
      and Cash Equivalents**




Gurata
      considers all highly liquid instruments with an original maturity or remaining
      maturity at the date of purchase of three months or less to be cash
      equivalents.  At August 31, 2007 the Company did not have any cash
      equivalents.




**Mineral
      Property Costs**






The
      Company has been in the exploration stage since its inception on May 26, 2006
      and has not yet realized any revenues from its planned operations.  It
      is primarily engaged in the acquisition and exploration of mining
      properties.  Mineral property exploration costs are expensed as
      incurred.  Mineral property acquisition costs are initially
      capitalized when incurred using the guidance in the Emerging Issues Task Force
      (“EITF”) 04-02, *Whether Mineral Rights are Tangible or Intangible
      Assets.*The Company assesses the carrying costs for impairment
      under SFAS No. 144, *Accounting for Impairment or Disposal of Long Lived
      Assets* at each fiscal quarter end.  An impairment is recognized
      when the sum of the expected undiscounted future cash flows is less than the
      carrying amount of the mineral property.  Impairment losses, if any,
      are measured as the excess of the carrying amount of the mineral property over
      its estimated fair value.






When
      it
      has been determined that a mineral property can be economically developed as
      a
      result of establishing proven and probable reserves, the costs then incurred
      to
      develop such property, are capitalized.  Such costs will be amortized
      using the units-of-production method over the estimated life of the probable
      reserves.  If mineral properties are subsequently abandoned or
      impaired, any capitalized costs will be charged to operations.


**Page
          - 6**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued**




**Asset
      Retirement Obligations**





SFAS
      No.
      143 (“SFAS 143”), *Accounting for Asset Retirement Obligations* addresses
      financial accounting and reporting for obligations associated with the
      retirement of tangible long-lived assets and the associated asset retirement
      costs.    Specifically, SFAS 143 requires that the fair
      value of a liability for an asset retirement obligation be recognized in the
      period in which it is incurred if a reasonable estimate of fair value can be
      made.  In addition, the asset retirement cost is capitalized as part
      of the asset’s carrying value and subsequently allocated to expense over the
      asset’s useful life.  At August 31, 2007 the Company did not have any
      asset retirement obligations.





**Financial
      Instruments**





***Foreign
      Exchange Risk***





The
      Company is subject to foreign exchange risk for transactions denominated in
      foreign currencies.  Foreign currency risk arises from the fluctuation
      of foreign exchange rates and the degree of volatility of these rates relative
      to the United States dollar.  The Company does not believe that it has
      any material risk due to foreign currency exchange.





***Fair
      Value of Financial Instruments***





The
      Company’s financial instruments include cash and accrued
      liabilities.  The fair value of these financial instruments
      approximate their carrying values due to their short maturities.





***Concentration
      of Credit Risk***





Financial
      instruments that potentially subject the Company to significant concentrations
      of credit risk consist principally of cash deposits. At August 31, 2007 the
      Company had approximately $3,000 in cash that was not insured.  This
      cash is on deposit with a large chartered Canadian bank.  As part of
      its cash management process, the Company performs periodic evaluations of the
      relative credit standing of this financial institution.  The Company
      has not experienced any losses in cash balances and does not believe it is
      exposed to any significant credit risk on its cash.





**Foreign
      Currency Translation**





The
      Company’s functional and reporting currency is the United States
      dollar.  Monetary assets and liabilities denominated in foreign
      currencies are translated in accordance with SFAS No. 52 *Foreign Currency
      Translation*, using the exchange rate prevailing at the balance sheet date.
      Historical cost balances are remeasured using historical exchange rates. Gains
      and losses arising on settlement of foreign currency denominated transactions
      or
      balances are included in the determination of income.  Foreign
      currency transactions are primarily undertaken in Canadian
      dollars.  The Company has not to the date of these financial
      statements, entered into derivative instruments to offset the impact of foreign
      currency fluctuations.





**Page
          - 7**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued**




**Accounting
      Estimates**





The
      preparation of the financial statements in conformity with accounting principles
      generally accepted in the United States of America 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 financial statements and the reported amounts of revenues and expenses
      during the reporting period.  Actual results could differ from those
      estimates.





The
      Company’s financial statements are based on a number of estimates, including
      accruals for estimated accounting, auditing, legal and administrative
      expenses.





**Comprehensive
      Income (Loss)**





Comprehensive
      Income (loss) reflects changes in equity that results from transactions and
      economic events from non-owner sources.  At August 31, 2007 the
      Company had no items that represented comprehensive income (loss) and,
      therefore, did not include a schedule of comprehensive income (loss) in the
      financial statements.





**Basic
      and Diluted Net (Loss) Per Common Share (“EPS”)**





Basic
      net
      (loss) per share is computed by dividing the net (loss) attributable to the
      common stockholders by the weighted average number of common shares outstanding
      during the reporting period.  Diluted net income per common share
      includes the potential dilution that could occur upon exercise of the options
      and warrants to acquire common stock computed using the treasury stock method
      which assumes that the increase in the number of shares is reduced by the number
      of shares which could have been repurchased by the Company with the proceeds
      from the exercise of the options and warrants (which were assumed to have been
      made at the average market price of the common shares during the reporting
      period).





At
      August
      31, 2007 the Company had issued 22,000,000 common shares respectively, and
      had no outstanding options or warrants.





**Page
          - 8**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued**




**Stock-Based
      Compensation**





In
      December 2004, the Financial Accounting Standards Board (“FASB”) issued SFAS No.
      123(R), *Share-Based Payment* (“SFAS 123(R)”), which is a revision of
      SFAS No. 123, *Accounting for Stock-Based Compensation*.  SFAS
      123(R) was effective for public companies for the first fiscal year beginning
      after June 15, 2005, supersedes Accounting Principles Board Opinion No. 25
      (“APB
      25”), *Accounting for Stock Issued to Employees*, and amends SFAS 95,
*Statement of Cash Flows*.  SFAS 123(R) eliminates the option
      to use APB 25’s intrinsic value method of accounting and requires recording
      expense for stock compensation based on a fair value based method.




The
      adoption of SFAS 123(R) did not have a material effect on the Company’s
      financial condition or results of operations because since inception the Company
      has not entered into any share-based transactions.




**Recent
      Accounting Pronouncements**




In
      February 2007, the FASB issued SFAS No. 159 (“SFAS 159”), *The Fair Value
      Option for Financial Assets and Financial Liabilities***–**including an amendment of SFAS No. 115, *Accounting for Certain
      Investments in Debt and Equity Securities*, which applies to all entities
      with available-for sale and trading securities.  This Statement
      permits entities to choose to measure many financial instruments and certain
      other items at fair value.  The objective is to improve financial
      reporting by providing entities with the opportunity to mitigate volatility
      in
      reported earnings caused by measuring related assets and liabilities differently
      without having to apply complex hedge accounting provisions.  This
      Statement is effective as of the beginning of an entity’s first fiscal year that
      begins after November 15, 2007.  Early adoption is permitted as of the
      beginning of a fiscal year that begins on or before November 15, 2007, provided
      the entity also elects to apply the provisions of FASB Statement No. 157, Fair
      Value Measurements.  We plan to adopt SFAS 159 effective June 1,
      2008.  We are in the process of determining the effect, if any, the
      adoption of SFAS 159 will have on our financial statements.





In
      December 2006, the FASB issued FASB Staff Position (“FSP”) EITF 00-19-2,
*Accounting for Registration Payment Arrangements*. This FSP specifies
      that the contingent obligation to make future payments or otherwise transfer
      consideration under a registration payment arrangement should be separately
      recognized and measured in accordance with FASB Statement No. 5,
*Accounting for Contingencies.* This FSP is effective immediately for
      registration payment arrangements and the financial instruments subject to
      those
      arrangements that are entered into or modified subsequent to December 21,
      2006. For registration payment arrangements and financial instruments subject
      to
      those arrangements that were entered into prior to December 21, 2006, the
      guidance in the FSP was effective for the Company during the third quarter
      of
      2007.  Adoption of this FSP had no impact on our financial position or
      results of operations.




**Page
          - 9**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued**




**Recent
      Accounting Pronouncements, continued**




In
      September 2006, the FASB issued SFAS 158 (“SFAS 158”), *Employers’
Accounting for Defined Benefit Pension and Other Postretirement Plans,
      an
      amendment of FASB Statements No. 87, 88, 106, and 132(R).*
      This statement requires an employer to recognize the over funded or under funded
      status of a defined benefit postretirement plan as an asset or liability in
      its
      statement of financial position and to recognize changes in that funded status
      in the year in which the changes occur through comprehensive income of a
      business entity. This statement also requires an employer to measure the funded
      status of a plan as of the date of its year end statement of financial position,
      with limited exceptions. The Company will be required to initially recognize
      the
      funded status of a defined benefit postretirement plan and to provide the
      required disclosures as of the end of the fiscal year ending after
      December 15, 2006.  The requirement to measure plan assets and
      benefit obligations as of the date of the employer’s fiscal year end statement
      of financial position is effective for fiscal years ending after
      December 15, 2008, or June 1, 2009 for the Company. We do not have a
      defined benefit postretirement plan and thus the Adoption of SFAS 158 is not
      expected to have a material impact on our financial statements.




In
      September 2006, the FASB issued SFAS No. 157 (“SFAS 157”), *Fair
      Value Measurements.* SFAS 157 defines fair value, establishes a
      framework for measuring fair value and expands disclosure requirements about
      fair value measurements. SFAS 157 will be effective for the Company June 1,
      2007. Adoption of SFAS 157 is not expected to have a material impact on our
      condensed financial statements.




In
      September 2006, the Securities and Exchange Commission staff published
      Staff Accounting Bulletin SAB No. 108 (“SAB 108”), *Considering the
      Effects of Prior Year Misstatements when Quantifying Misstatements in Current
      Year Financial Statements*. SAB 108 addresses quantifying the financial
      statement effects of misstatements, specifically, how the effects of prior
      year
      uncorrected errors must be considered in quantifying misstatements in the
      current year financial statements. SAB 108 is effective for fiscal years ending
      after November 15, 2006. The adoption of SAB 108 did not have a material
      impact on our financial statements.




In
        June
        2006, the FASB issued FASB Interpretation No. 48 (“FIN 48”), *Accounting for
        Uncertainty in Income Taxes, and Interpretation of FASB Statement No. 109*(“SFAS 109”).  FIN 48 clarifies the accounting for uncertainty in
        income taxes recognized in a company’s financial statements and prescribes a
        recognition threshold and measurement attribute for the financial statement
        recognition and measurement of a tax position taken or expected to be taken
        in
        an income tax return.  FIN 48 also provides guidance on derecognition,
        classification, interest and penalties, accounting in interim periods,
        disclosure and transition.  FIN 48 was effective for the Company
        beginning June 1, 2007. Adoption of  FIN 48 did not have a material impact
        on our financial statements.


**Page
          - 10**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued**




**Recent
      Accounting Pronouncements, continued**




In
        March
        2006, the FASB issued SFAS No. 156 (“SFAS 156”), *Accounting for Servicing of
        Financial Assets – an amendment of FASB Statement No. 140*.  SFAS
        156 amends SFAS No. 140, *Accounting for Transfers and Servicing of Financial
        Assets and Extinguishment of Liabilities*, with respect to accounting for
        separately recognized servicing assets and servicing
        liabilities.  SFAS 156 is effective for fiscal years that begin after
        September 15, 2006, with early adoption permitted as of the beginning of
        an
        entity’s fiscal year.  SFAS 156 was effective for the Company
        beginning June 1, 2007.  The Company does not have any servicing
        assets or servicing liabilities and, accordingly, the adoption of SFAS 156
        did
        not have a material impact on our financial statements.
 
 In
        February 2006, the FASB issued SFAS No. 155 (“SFAS 155”) *Accounting for
        Certain Hybrid Financial Instruments - an amendment of FASB Statements No.
        133
        and 140*.  This Statement amends FASB Statements No. 133,
*Accounting for Derivative Instruments and Hedging Activities*, and No.
        140, *Accounting for Transfers and Servicing of Financial Assets and
        Extinguishments of Liabilities*.  This Statement resolves issues
        addressed in Statement 133 Implementation Issue No. D1, *Application of
        Statement 133 to Beneficial Interests in Securitized Financial
        Assets*.  This statement is effective for all financial
        instruments acquired or issued after the beginning of an entity’s first fiscal
        year that begins after September 15, 2006.  SFAS 156 was effective for
        the Company beginning June 1, 2007.  The adoption of SFAS 155 did not
        have a material impact on our financial statements.
  In
      May
      2005, the FASB issued SFAS No. 154 (“SFAS 154”), *Accounting Changes and
      Error Corrections*.  This statement, which replaces APB Opinion
      No. 20, *Accounting Changes*, and FASB Statement No. 3, *Reporting
      Accounting Changes in Interim Financial Statements,*requires that a
      voluntary change in accounting principle be applied retrospectively to all
      prior
      period financial statements presented, unless it is impracticable to do
      so.  SFAS 154 also provides that a change in method of depreciating or
      amortizing a long-lived non-financial asset be accounted for as a change in
      estimate effected by a change in accounting principle, and also provides that
      correction of errors in previously issued financial statements should be termed
      a “restatement”.  SFAS 154 is effective for fiscal years beginning
      after December 15, 2005.  The adoption of SFAS 154 did not have a
      material impact on our financial statements.


**Page
          - 11**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      3 – GOING CONCERN**




These
      financial statements have been prepared on a going concern basis, which implies
      the Company will continue to realize its assets and discharge its liabilities
      in
      the normal course of business. The Company has not generated any revenues since
      inception and has never paid any dividends and is unlikely to pay dividends
      or
      generate earnings in the immediate or foreseeable future. The continuation
      of
      the Company as a going concern is dependent upon the continued financial support
      from its shareholders, the ability of the Company to obtain necessary equity
      financing to continue operations, confirmation of the Company’s interests in the
      underlying properties, and the attainment of profitable operations. The
      Company’s ability to achieve and maintain profitability and positive cash flows
      is dependent upon its ability to locate profitable mineral properties, generate
      revenues from its mineral production and control production costs. Based upon
      current plans, the Company expects to incur operating losses in future
      periods.  At August 31, 2007, the Company had a working capital
      deficit of $1,004 and had accumulated losses of $31,254 since
      inception.  These factors raise substantial doubt regarding the
      Company’s ability to continue as a going concern. There is no assurance that the
      Company will be able to generate revenues in the future. These financial
      statements do not give any effect to any adjustments that would be necessary
      should the Company be unable to continue as a going concern and therefore be
      required to realize its assets and discharge its liabilities in other than
      the
      normal course of business and at amounts different from those reflected in
      the
      accompanying financial statements.




**NOTE
      4 - RELATED PARTY TRANSACTIONS**




The
      Company recognized donated rent at $250 per month and donated services provided
      by the President of the Company at $500 per month until April 30,
      2007.  Between June 1, 2006 and August 31, 2006 the Company recognized
      $750 in donated rent and $1,500 in donated services.  From May 26,
      2006 (inception) to August 31, 2007 the Company recognized $2,750 in donated
      rent and $5,500 in donated services.




All
      of
      the Company’s mineral claims are registered in the name of the President of the
      Company and pursuant to a trust agreement are held in trust on behalf of the
      Company (see Note 5).





On
      July
      11, and August 23, 2006, the Company issued 3,000,000 and 19,000,000
      respectively, in common shares to its President (see Note 6).




**NOTE
      5 - MINERAL PROPERTIES**




On
      December 15, 2006, the Company acquired the Gate 1 mineral claim near Atlin,
      British Columbia, Canada, comprising an area of 376.49 hectares for
      $1,000.  During the year ended May 31, 2007, the Company determined
      that the carrying amount of the mineral property was in excess of its estimated
      fair value and recognized an impairment loss on mineral property costs of
      $1,000.




The
      Company is required to incur approximately $1,400 (CDN$1,505) each year on
      or
      before February 10, 2008 and 2009 and approximately $2,800 (CDN$3,012) on or
      before February 10, 2010 and each year thereafter in exploration expenditures
      or
      pay the equivalent sum in cash in lieu of work, in order to retain title to
      the
      claims (see Note 4).




**Page
          - 12**




**GURATA
        GOLD, INC.**
 **(AN
        EXPLORATION STAGE COMPANY)**
 **NOTES
        TO THE FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **AUGUST
        31, 2007**


**NOTE
      6 - COMMON STOCK**




On
      July
      11, 2006, the Company issued 3,000,000 common shares at $0.001 per share for
      cash of $3,000 to its President (see Note 4).





On
      August
      23, 2006, the Company issued 19,000,000 common shares at $0.001 per share for
      cash of $19,000 to its President (see Note 4).




**Page
          - 13**


**Item
      2.  Management’s Discussion and Analysis or Plan of
      Operation.**





**Forward-Looking
      Statements**




Certain
      information included in this Form 10-QSB and other materials filed or to be
      filed by us with the Securities and Exchange Commission (as well as information
      included in oral or written statements made by us or on our behalf), may contain
      forward-looking statements about our current and expected performance trends,
      growth plans, business goals and other matters.  These statements may be
      contained in our filings with the Securities and Exchange Commission, in our
      press releases, in other written communications, and in oral statements made
      by
      or with the approval of one of our authorized officers.  Words or phrases
      such as “believe,” “plan,” “will likely result,” “expect,” “intend,” “will
      continue,” “is anticipated,” “estimate,” “project,” “may,” “could,” “would,”
“should,” and similar expressions are intended to identify forward-looking
      statements.  These statements, and any other statements that are not
      historical facts, are forward-looking statements within the meaning of the
      Private Securities Litigation Reform Act of 1995, as codified in Section 27A
      of
      the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
      1934, as amended from time to time (the “Act”).




In
        connection with the “safe harbor” provisions of the Act, we have identified and
        filed important factors, risks and uncertainties that could cause our actual
        results to differ materially from those projected in forward-looking statements
        made by us, or on our behalf (“Risk Factors” included in our Form SB-2 filed on
        August 16, 2007). These cautionary statements are to be used as a reference
        in
        connection with any forward-looking statements. The factors, risks and
        uncertainties identified in these cautionary statements are in addition to
        those
        contained in any other cautionary statements, written or oral, which may
        be made
        or otherwise addressed in connection with a forward-looking statement or
        contained in any of our subsequent filings with the Securities and Exchange
        Commission. Because of these factors, risks and uncertainties, we caution
        against placing undue reliance on forward-looking statements. Although we
        believe that the assumptions underlying forward-looking statements are
        reasonable, any of the assumptions could be incorrect, and there can be no
        assurance that forward-looking statements will prove to be accurate.
        Forward-looking statements speak only as of the date on which they are made.
        We
        do not undertake any obligation to modify or revise any forward-looking
        statement to take into account or otherwise reflect subsequent events or
        circumstances arising after the date that the forward-looking statement was
        made.
  **General**




This
        discussion and analysis should be read in conjunction with our interim unaudited
        financial statements and related notes included in this Form 10-QSB and the
        audited financial statements and related notes thereto included in our Form
        SB-2
        filed on August 16, 2007.  The inclusion of supplementary analytical and
        related information herein may require us to make appropriate estimates and
        assumptions to enable us to fairly present, in all material respects, our
        analysis of trends and expectations with respect to our results of operations
        and financial position taken as a whole.


Gurata
      Gold, Inc. means “we”, “us” or “our” and will be referred to as such throughout
      the balance of this document.





Our
      principal business is the acquisition and exploration of mineral resources
      in
      northwestern British Columbia, Canada. We have not presently determined whether
      our properties contain mineral reserves that are economically recoverable.
      We
      have not commenced significant operations and are considered an Exploration
      Stage Company, as defined by Statement of Financial Accounting Standard (“SFAS”)
      No.7 *Accounting**and Reporting by Development Stage
      Enterprises*.





We
      have
      no operations and if our mineral claims are not successfully developed we will
      not earn any revenues.





**Acquisition
      of Atlin Mineral Claim**





On
      December 15, 2006 we purchased a mineral claim near Atlin, British Columbia,
      Canada, comprising an area of 376.488 hectares for $1,000.  Our
      mineral claim is registered in our President’s name and pursuant to a trust
      agreement is held in trust on our behalf.




**Page
          - 14**





**Critical
      Accounting Policies and Estimates**





An
      appreciation of our critical accounting policies is necessary to understand
      our
      financial results. These policies may require that we make difficult and
      subjective judgments regarding uncertainties, and as a result, such estimates
      may significantly impact our financial results. The precision of these estimates
      and the likelihood of future changes depend on a number of underlying variables
      and a range of possible outcomes. Other than our accounting for mineral property
      costs, our critical accounting policies do not involve the choice between
      alternative methods of accounting. We have applied our critical accounting
      policies and estimation methods consistently.





***Mineral
      Property Costs***




We
      have
      been in the exploration stage since inception, May 26, 2006 and have not yet
      realized any revenues from our planned operations. We are primarily engaged
      in
      the acquisition and exploration of mining properties. We expense mineral
      property exploration costs as they are incurred. Mineral property acquisition
      costs are initially capitalized, when incurred, using the guidance in the
      Emerging Issues Task Force (“EITF”) 04-02, *Whether**Mineral Rights
      are Tangible or Intangible Assets.*We assess the carrying costs for
      impairment under SFAS No. 144, *Accounting for Impairment or Disposal of Long
      Lived Assets* at each fiscal quarter end. An impairment is recognized when
      the sum of the expected undiscounted future cash flows is less than the carrying
      amount of the mineral property. Impairment losses, if any, are measured as
      the
      excess of the carrying amount of the mineral property over its estimated fair
      value. On December 15, 2006, we acquired the Gate 1 mineral claim near Atlin,
      British Columbia, Canada, comprising an area of 376.488 hectares for
      $1,000.  During the year ended May 31, 2007, we determined that the
      carrying amount of the mineral property was in excess of its estimated fair
      value and recognized an impairment loss on mineral property costs of
      $1,000.  During the three months ended August 31, 2007 we expensed $0,
      in mineral property exploration and development costs.


Once
      we
      have determined that a mineral property can be economically developed, as a
      result of establishing proven and probable reserves, the costs then incurred
      to
      develop such property, will be capitalized.  Such costs will be
      amortized using the units-of-production method over the estimated life of the
      probable reserves.  If mineral properties are subsequently abandoned
      or impaired, any capitalized costs will be charged to operations.




***Foreign
      Currency Translation***





Our
      functional and reporting currency is the United States
      dollar.  Monetary assets and liabilities denominated in foreign
      currencies are translated in accordance with SFAS No. 52 *Foreign Currency
      Translation*, using the exchange rate prevailing at the balance sheet date.
      Gains and losses arising on settlement of foreign currency denominated
      transactions or balances are included in the determination of
      income.  Foreign currency transactions are primarily undertaken in
      Canadian dollars.  We have not to the date of this filing, entered
      into derivative instruments to offset the impact of foreign currency
      fluctuations.





***Financial
      Instruments***





*Foreign
      Exchange Risk*





We
      are
      subject to foreign exchange risk for transactions denominated in foreign
      currencies.  Foreign currency risk arises from the fluctuation of
      foreign exchange rates and the degree of volatility of these rates relative
      to
      the United States dollar.  We do not believe that we have any material
      risk due to foreign currency exchange.





*Concentration
      of Credit Risk*





Financial
      instruments that potentially subject us to significant concentrations of credit
      risk consist principally of cash deposits. On August 31, 2007, we had
      approximately $3,000 in cash that was not insured.  This cash is on
      deposit with a large chartered Canadian bank.  As part of our cash
      management process, we perform periodic evaluations of the relative credit
      standing of this financial institution.  We have not experienced any
      losses in cash balances and do not believe we are exposed to any significant
      credit risk on our cash.




**Page
          - 15**





***Recent
      Accounting Pronouncements***




Refer
      to
      Note 2, of our Notes to the Financial Statements filed on August 16, 2007 on
      our
      Form SB-2, for a discussion of our recent accounting standards and
      pronouncements.


**Overview**




Our
        mineral claim is in the Atlin mining district of northwestern British Columbia,
        Canada.  We purchased the Gate 1 Claim (the “Claim”) on December 15,
        2006.  The mineral tenure number is 527388 and the total area of the
        Claim is 376. 488 hectares.
 
 Our
        Claim
        is presently in good standing.  We are required to incur approximately
        $1,400 (CDN$1,505) each year on or before February 10, 2008 and 2009 and
        approximately $2,800 (CDN$3,012) on or before February 10, 2010 and each
        year
        thereafter in exploration expenditures or pay the equivalent sum in cash
        in lieu
        of work, to the Province of British Columbia, in order to retain title to
        the
        claims.
 
 On
        January 26, 2007, we received the Geology Report from our consulting geologist
        and we plan to commence the first phase of our three phase exploration program
        during the summer of 2008.


**Plan
      of Operation**





**Exploration
      Plan**





Our
      plan
      of operation for the next twelve months is to complete the following objectives
      within the time periods specified, subject to our obtaining the funding
      necessary for the exploration of our mineral claim. We currently do not have
      enough funds to complete our exploration program which we plan to start in
      the
      summer of 2008 if the results of our Phase One and Phase Two exploration
      programs are encouraging. The following is a brief summary of our three phase
      exploration program:





1.
            Before
                the next anniversary date of our claim is February 10, 2008 we will
                need
                to arrange some minor exploration work worth approximately $1,400
                (CDN$1,500) or pay the Province of British Columbia approximately
                $1,400
                (CDN$1,500) in lieu of filing exploration expenses in order to keep
                our
                claim in good standing.





2.
            As
                recommended by our consulting geologist, we plan to conduct the first
                phase of our three phase exploration program starting on May 1, 2008.
                This
                Phase One exploration program is expected to cost approximately $20,000
                (CDN$21,000). A two-person field crew will fly to our claim and will
                stay
                for a period of fifteen days. During this period the crew will generally
                survey the claim seeking any outcroppings and locating streams. An
                outcropping is a part of a rock formation that appears above the
                surface
                of the surrounding land. The crew will use global positioning equipment,
                take one hundred geochemical samples and take fifteen rock samples.
                All
                samples will be bagged and tagged for location, date and time for
                later
                analysis. After this period is over the crew will return to Atlin
                by float
                plane.





3.
            The
                samples obtained during the Phase One exploration program will be
                analyzed
                at a laboratory and we will review the results of the Phase One
                exploration program in the winter of 2008. We will engage our consulting
                geologist to interpret the results of Phase One.  It is
                estimated that the analysis and interpretation of results will cost
                approximately $3,700.  If we are able to identify favorable rock
                formations and structures with elevated metal values we will plan
                and
                conduct a Phase Two program.





4.
            If
                the Phase Two program were to proceed, our consulting geologist has
                indicated that we should budget approximately $56,000 (CDN$60,000)
                for our
                Phase Two program. If we proceed with a Phase Two program we would
                do so
                in May 2009. A small crew will fly to our claim and will stay for
                a period
                of time to be determined. During this period the crew will continue
                with
                Phase One field work including additional sampling and mapping,
                magnetometer survey, trenching and a small number of diamond drill
                holes.
                All samples will be bagged and tagged for location, date and time
                for
                later analysis. After this period is over the crew will return to
                Atlin by
                float plane.




**Page
          - 16**





5.
            In
                the case that the Phase Two exploration program takes place, we will
                review its results in winter 2009. If we are able to continue to
                confirm
                elevated metal values at specific hand drilled targets we would consider
                Phase Two a success and would plan for a Phase Three exploration
                program.
                The Phase Three exploration program is expected to cost at least
                $225,000
                ($240,000). At this stage, we would seek to link with a major resource
                company in a joint venture relationship in recognition of financing
                requirements. If we go ahead with the Phase Three exploration plan
                we
                expect that it would commence in May
                2010.





As
      at
      August 31, 2007, we had a cash balance of approximately $3,000. If we are able
      to sell 100% of the offering in our prospectus dated September 6, 2007, of
      20,000,000 shares of common stock at $0.005 per share and the results of the
      Phase One and Phase Two exploration programs are encouraging, we will have to
      raise additional funds starting in January 2010 so that Phase Three exploration
      could commence in May 2010.





During
      the next 12 months, we do not anticipate generating any revenue. If we require
      additional funds, we anticipate this additional funding will come from equity
      financing from the sale of our common stock or sale of part of our interest
      in
      our mineral claim. If we are successful in completing an equity financing,
      existing shareholders will experience dilution of their interest in our company.
      We do not have any financing arranged and we cannot provide investors with
      any
      assurance that we will be able to raise sufficient funding from the sale of
      our
      common stock to fund our Phase Three exploration program. In the absence of
      such
      financing, our business will fail.





We
      may
      consider entering into a joint venture partnership by linking with a major
      resource company to provide the required funding to complete our Phase Three
      exploration program. We have not undertaken any efforts to locate a joint
      venture partner for Phase Three. If we enter into a joint venture arrangement,
      we will assign a percentage of our interest in our mineral claim to the joint
      venture partner.





Based
      on
      the nature of our business, we anticipate incurring operating losses in the
      foreseeable future. We base this expectation, in part, on the fact that very
      few
      mineral claims in the exploration stage ultimately develop into producing,
      profitable mines. Our future financial results are also uncertain due to a
      number of factors, some of which are outside our control. These factors include,
      but are not limited to:





•      our
      ability to raise additional funding;


•      the
      market price for gold;


•      the
      results of our proposed exploration programs on the mineral property;
      and


•      our
      ability to find joint venture partners for the development of our property
      interests





Due
      to
      our lack of operating history and present inability to generate revenues, our
      auditors have stated their opinion that there currently exists substantial
      doubt
      about our ability to continue as a going concern. Even if we complete our
      current exploration program and it is successful in identifying a mineral
      deposit, we will have to spend substantial funds on further drilling and
      engineering studies before we will know if we have a commercially viable mineral
      deposit or reserve.





**Accounting
      and Audit Plan**





We
      intend
      to continue to have our outside consultant assist in the preparation of our
      quarterly and annual financial statements and have these financial statements
      reviewed or audited by our independent auditor. Our outside consultant is
      expected to charge us approximately $1,500 to prepare our quarterly financial
      statements and approximately $5,000 to prepare our annual financial statements.
      Our independent auditor is expected to charge us approximately $1,500 to review
      our quarterly financial statements and approximately $7,000 to audit our annual
      financial statements. In the next twelve months, we anticipate spending
      approximately $21,000 to pay for our accounting and audit
      requirements.




**Page
          - 17**





**Risks
      and Uncertainties**





There
      are
      a number of known material risks and uncertainties that are reasonably likely
      to
      have a material impact on our revenues, operations, liquidity and income over
      the short and long term. The primary risk that we face over the long term is
      that our mineral claim may not contain a commercially viable mineral deposit.
      If
      our mineral claim does not contain a commercially viable deposit, this will
      have
      a material effect on our ability to earn revenue and income as we will not
      be
      able to sell any minerals.





There
      are
      a number of industry-wide risk factors that may affect our business. The most
      significant industry-wide risk factor is that mineral exploration is an
      inherently risky business. Very few exploration companies go on to discover
      economically viable mineral deposits or reserves that ultimately result in
      an
      operating mine. In order for us to commence mining operations we face a number
      of challenges which include finding qualified professionals to conduct our
      exploration program, obtaining adequate financing to continue our exploration
      program, locating a viable ore body, partnering with a senior mining company,
      obtaining mining permits, and ultimately selling minerals in order to generate
      revenue.





Another
      important industry-wide risk factor is that the price of commodities can
      fluctuate based on world demand and other factors. For example, if the price
      of
      a mineral were to dramatically decline this could make any ore we have on our
      mineral claim uneconomical to mine. We and other companies in our business
      are
      relying on a price of ore that will allow us to develop a mine and ultimately
      generate revenue by selling minerals.





Additionally,
      because our claim is in a remote region of Canada and in an area of inclement
      weather we face risks and uncertainties relating to the operation of our
      exploration program. This presents both a short and long term risk to us in
      that
      poor weather could delay our exploration program and prevent us from exploring
      our mineral claim as planned. This is a risk shared by many exploration
      companies in our business. We have the ability to monitor weather predictions
      and can preserve capital by not sending exploration crews out in poor weather
      conditions. However, such weather delays could cause us to not be able to
      explore our claim and not be able to file valid exploration work with the
      Province of British Columbia. Failure to file valid exploration work would
      mean
      we would have to pay the Province of British Columbia in lieu of exploration
      in
      order to keep title to the claim. Payments in lieu of exploration are generally
      not an efficient use of funds since it does not advance the understanding of
      a
      potential mineral deposit. However, these payments are sometimes required in
      our
      business.





Finally,
      we face a risk of not being able to finance our exploration plans. With each
      unsuccessful attempt at locating a commercially viable mineral deposit we become
      more and more unattractive in the eyes of investors. For the short term this
      is
      less of an issue because we have enough funds to complete the first two phases
      of our exploration program. However, over the long term this can become a
      serious issue that is difficult to overcome. Without adequate financing we
      cannot operate exploration programs. However, this risk is faced by all
      exploration companies and it is not unique to us.





**Functional
      Currency**





Our
      functional currency is the United States dollar. We have determined that our
      functional currency is the United States dollar for the following
      reasons:





•      Our
      current and future financings are and will be in United States
      dollars;


•      We
      maintain our cash holdings in United States dollars only;


•      Any
      potential sales of gold recovered from our mining claim will be undertaken
      in
      United States


dollars;


•      Our
      administrative expenses are undertaken in United States dollars;


•      All
      cash flows are generated in United States dollars; and


•      Our
      mining claim is located in Canada, though the exploration expenses are estimated
      in Canadian


Dollars
      these expenses can usually be requested to be billed in United States
      dollars.




**Page
          - 18**





**Operations
      Review**




For
        the
        three months ended August 31, 2007, we had a net loss of $13,296.  As
        of August 31, 2007, our current assets consisted of cash of $2,971 and accounts
        receivable of $210.  When these assets are offset against our current
        obligations of $4,152 in accounts payable and accrued liabilities and $33
        that
        is due to our President we are left with a working capital deficit of
        $1,004.   We believe our cash position as of the date of this
        filing is inadequate to satisfy our working capital needs.  Over the
        next twelve months we anticipate that our operating costs will be approximately
        $60,000.
  Over
      the
      next twelve months, we do not anticipate generating any revenue.  We plan
      to fund our operations through equity financing from the sale of our common
      stock or through the sale of a part interest in our Claim.  We do not have
      any financing arranged and cannot provide any assurance that we will be able
      to
      raise sufficient funding from the sale of our common stock or that we will
      be
      able to sell a part interest in our Claim, to cover our general and
      administrative expenses or to fund Phase One of our mineral exploration program.





We
      may
      consider entering into a joint venture partnership with a major resource company
      to provide the required funding to complete Phase Two or Three of our mineral
      exploration program. Although we have not attempted to locate a joint venture
      partner, if we enter into a joint venture arrangement, we would assign a
      percentage of our interest in the Claim to our joint venture
      partner.





**Related-Party
      Transactions**





At
      August
      31, 2007, we were indebted to our director in the amount of $33, for an expense
      he paid on our behalf.  We do not have any loans to our director and
      we do not have any commitments in place to pay any administrative or director’s
      fees to any related party. From inception to the date of this filing our
      director performed his services without compensation and at the date of this
      filing we have not determined how our director will be compensated.





Our
      Claims are registered in the name of our director and pursuant to a trust
      agreement are held in trust on our behalf.







**Results
      of Operations**




Comparison
      of the three months ended August 31, 2007 and 2006.





***Overall
      Results of Operations***




During
      the three months ended August 31, 2007, we had a net loss of $13,296, and for
      the three months ended August 31, 2006, we had a net loss of
      $2,304.  The increase in loss was primarily due to an increase in
      professional fees related to the filing of our SB-2 registration
      statement.  Over the next twelve months we expect our operating losses
      to be approximately $60,000.  We expect to cover our operating costs
      through the issuance of our common shares.




***Revenues***





We
      did
      not have any operating revenues from inception (May 26, 2006) to the date of
      this filing. To date our activities have been financed through the proceeds
      of
      share subscriptions. From inception (May 26, 2006) to the date of this filing,
      we raised a total of $22,000 from private offerings of our common stock to
      our
      director.  Due to the nature of our business we do not expect to have
      operating revenues within the next year.





***Operating
      Expenses***





Our
        operating expenses increased by $10,992 from $2,304 for the three months
        ended
        August 31, 2006 to $13,296 for the three months ended August 31,
        2007.  The increase was primarily due to an increase in professional
        fees of $10,500, for the filing of our SB-2 registration statement in August
        and
        an increase in our administrative fees of $2,000 which covered our rent,
        accounting and service fees for the period.  These increases were
        offset by decreases in donated rent and service fees totaling $2,250 that
        were
        charged in the three months ended August 31, 2006.   Over the
        next twelve months we expect our operating costs to be approximately $58,900,
        which includes the following estimated costs:  Phase One of our
        mineral exploration program of $21,400 (CDN$22,500), $20,000 in administrative
        costs and $17,500 in professional fees.


**Page
          - 19**





**Off-Balance-Sheet
      Arrangements**





We
      have
      no off-balance sheet arrangements that have or are reasonably likely to have
      a
      current or future effect on our financial condition, changes in financial
      condition, revenue or expenses, results of operations, liquidity, capital
      expenditures or capital resources that is material to our
      investors.  We do not have any non-consolidated, special-purpose
      entities.





**Liquidity,
      Capital Resources and Financial Position**





At
        August
        31, 2007, we had a cash balance of $2,971 and negative cash flows from
        operations of $12,996.  During the three months ended August 31, 2007,
        we funded our operations with cash that we received from the sale of our
        common
        stock to our president during 2006.
  The
      notes
      to our financial statements as of August 31, 2007 disclose our uncertain ability
      to continue as a going concern.  We have not and do not expect to
      generate any revenues to cover our expenses while we are in the exploration
      stage and as a result we have accumulated a deficit of $31,254 since
      inception.  As of August 31, 2007, we had $4,185 in current
      liabilities, when our current liabilities are offset against our current assets
      of $3,181 we are left with a working capital deficit of
      $1,004.   Our ability to achieve and maintain profitability and
      positive cash flows is dependent upon our ability to locate profitable mineral
      properties, generate revenues from our mineral production and control production
      costs. Based upon current plans, we expect to incur operating losses in future
      periods.  These factors raise substantial doubt regarding our ability
      to continue as a going concern. There is no assurance that we will be able
      to
      generate revenues in the future. Our financial statements do not give any effect
      to any adjustments that would be necessary should we be unable to continue
      as a
      going concern and therefore be required to realize our assets and discharge
      our
      liabilities in other than the normal course of business and at amounts different
      from those reflected in the accompanying condensed financial
      statements.  While we have successfully generated sufficient working
      capital through the sale of common stock to the date of this filing and we
      believe that we can continue to do so for the next year, there are no assurances
      that we will succeed in generating sufficient working capital through the sale
      of common stock to meet our ongoing cash needs.





***Net
      Cash Used In Operating Activities***




Net
        cash
        used in operating activities during the three months ended August 31, 2007,
        was $12,996.  We used this cash primarily to cover our net loss of
        $13,296 which was primarily due to professional fees and administrative fees
        incurred upon filing our SB-2 as well as paying for rent, services, accounting
        and administrative fees. We also used cash to cover an increase in accounts
        receivable of $210 due to our pending goods and services tax refund. These
        uses
        of cash were offset by an increase in accounts payable and accrued liabilities
        of $510 caused by an increase in professional fees
        payable.
  ***Net
      Cash Used in Investing Activities***





We
        did
        not have any investing activities during the three months ended August 31,
        2007.


***Net
      Cash Provided By Financing Activities***




We
        did
        not have any financing activities during the three months ended August 31,
        2007.
  **Contingencies
      and Commitments**





We
      had no
      contingencies or long-term commitments at August 31, 2007.





**Contractual
      Obligations**





We
      did
      not have any contractual obligation at August 31, 2007.





**Internal
      and External Sources of Liquidity**





To
      date
      we have funded our operations from the sale of our common stock to our
      President.




**Page
          - 20**





**Foreign
      Exchange**





We
      are
      subject to foreign exchange risk for transactions denominated in foreign
      currencies.  Foreign currency risk arises from the fluctuation of
      foreign exchange rates and the degree of volatility of these rates relative
      to
      the United States dollar.  We do not believe that we have any material
      risk due to foreign currency exchange.





**Inflation**





We
      do not
      believe that inflation will have a material impact on our future
      operations.





**Page
          - 21**








**Item
      3.  Controls and Procedures.**





**Disclosure
      Controls and Procedures**





Feliberto
      Gurat, Gurata’s Chief Executive Officer and Chief Financial Officer, has
      evaluated the effectiveness of Gurata’s disclosure controls and procedures (as
      such term is defined in Rules 13a-15 and 15d-15 under the Securities Exchange
      Act of 1934 (the “**Exchange Act**” )) as of the end of the period
      covered by this quarterly report (the “**Evaluation
      Date**”).  Based on such evaluation, Mr. Gurat has concluded
      that, as of the Evaluation Date, Gurata’s disclosure controls and procedures are
      effective in alerting Gurata on a timely basis to material information required
      to be included in its reports filed or submitted under the Exchange
      Act.





**Changes
      in Internal Controls**





During
      the quarter of the fiscal year covered by this report, there were no changes
      in
      Gurata’s internal controls or, to Gurata’s knowledge, in other factors that have
      materially affected, or are reasonably likely to materially affect, these
      controls and procedures subsequent to the date Gurata carried out this
      evaluation.





**PART
      II – OTHER INFORMATION**





**Item
      1.  Legal Proceedings.**





Gurata
      is
      not a party to any pending legal proceedings and, to the best of Gurata’s
      knowledge, none of Gurata’s assets are the subject of any pending legal
      proceedings.





**Item
      2.  Unregistered Sales of Equity Securities and Use of
      Proceeds.**





During
      the quarter of the fiscal year covered by this report, (i) Gurata did not modify
      the instruments defining the rights of its shareholders, (ii) no rights of
      any
      shareholders were limited or qualified by any other class of securities, and
      (iii) Gurata did not sell any unregistered equity securities, except as
      disclosed below regarding Gurata’s public offering.





On
        September 6, 2007, the Securities and Exchange Commission declared Gurata’s Form
        SB-2 Registration Statement effective, file number 333-145498, permitting
        Gurata
        to offer up to 20,000,000 shares of common stock at $0.005 per
        share.  There is no underwriter involved in this public
        offering.  Gurata has accepted five subscription agreements for a
        total of $25,000 to date.  To date, Gurata has not spent any of the
        proceeds and intends on applying the proceeds to its Phase One Exploration
        program in Spring 2008.  The offering period for the public offering
        expires on March 3, 2008.
  **Item
      3.  Defaults Upon Senior Securities.**





During
      the quarter of the fiscal year covered by this report, no material default
      has
      occurred with respect to any indebtedness of Gurata.  Also, during
      this quarter, no material arrearage in the payment of dividends has
      occurred.





**Item
      4.  Submission of Matters to a Vote of Security
      Holders.**





No
      matter
      was submitted to a vote of security holders through the solicitation of proxies
      or otherwise, during the quarter of the fiscal year covered by this
      report.





**Item
      5.  Other Information.**





During
      the quarter of the fiscal year covered by this report, Gurata reported all
      information that was required to be disclosed in a report on Form
      8-K.





**Item
      6.  Exhibits**





**(a)**
            **Index
                to and Description of
                Exhibits**





All
      Exhibits required to be filed with the Form 10-QSB are incorporated by reference
      to Gurata’s previously filed Form SB-2.





**Exhibit**
            **Description**
            **Status****3.1**
            Articles
                of Incorporation, filed as an exhibit to Gurata’s registration statement
                on Form SB-2 filed on August 16, 2007, and incorporated herein by
                reference.
            Filed**3.2**
            By-Laws,
                filed as an exhibit to Gurata’s registration statement on Form SB-2 filed
                on August 16, 2007, and incorporated herein by reference.
            Filed**10.1**
            Property
                agreement dated December 15, 2006 between Kenneth Ralfs and Feliberto
                Gurat as Trustee for Gurata, filed as an exhibit to Gurata’s registration
                statement on Form SB-2 filed on August 16, 2007, and incorporated
                herein
                by reference.
            Filed**10.2**
            Trust
                agreement dated January 17, 2007, filed as an exhibit to Gurata’s
                registration statement on Form SB-2 filed on August 16, 2007, and
                incorporated herein by reference.
            Filed**14**
            Financial
                Code of Ethics, filed as an exhibit to Gurata’s registration statement on
                Form SB-2 filed on August 16, 2007, and incorporated herein by
                reference.
            Filed**31**
            Certifications
                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
            Included**32**
            Certification
                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
                906 of
                the Sarbanes-Oxley Act of 2002.
            Included








**Page
          - 22**








**SIGNATURES**








In
      accordance with the requirements of the Securities Exchange Act of 1934, Gurata
      Gold, Inc. has caused this report to be signed on its behalf by the undersigned
      duly authorized person.







**GURATA
      GOLD, INC.**









By:***/s/
      Feliberto
      Gurat***


Dated:     **October
      22,
      2007**


Name:     
      **Feliberto Gurat**


Title**:**      
      **CEO and CFO**


**(Principal
      Executive Officer
      and**


**Principal
      Financial
      Officer)**








**Page
          - 23**













**Exhibit
      31**








**Page
          - 24**







**GURATA
      GOLD, INC.**


**CERTIFICATIONS
      PURSUANT TO**


**SECTION
      302 OF THE SARBANES-OXLEY ACT OF 2002**






**CERTIFICATION**




I,
      Feliberto Gurat, certify that:




1.
 
      I have reviewed this quarterly report on Form 10-QSB of Gurata Gold,
      Inc.;




2.  Based
      on my knowledge, this quarterly report does not contain any untrue statement
      of
      a material fact or omit to state a material fact necessary to make the
      statements made, in light of the circumstances under which such statements
      were
      made, not misleading with respect to the period covered by this
      report;




3.  Based
      on my knowledge, the financial statements, and other financial information
      included in this report, fairly present in all material respects the financial
      condition, results of operations and cash flows of the small business issuer
      as
      of, and for, the periods presented in this report;




4.  The
      small business issuer’s other certifying officer(s) and I are responsible for
      establishing and maintaining disclosure controls and procedures (as defined
      in
      Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
      reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
      small business issuer and have:




(a)
      Designed such disclosure controls and procedures, or caused such disclosure
      controls and procedures to be designed under our supervision, to ensure that
      material information relating to the small business issuer, including its
      consolidated subsidiaries, is made known to us by others within those entities,
      particularly during the period in which this report is being
      prepared;




(b)
      Designed such internal control over financial reporting, or caused such internal
      control over financial reporting to be designed under our supervision, to
      provide reasonable assurance regarding the reliability of financial reporting
      and the preparation of financial statements for external purposes in accordance
      with generally accepted accounting principles;




(c)
      Evaluated the effectiveness of the small business issuer’s disclosure controls
      and procedures and presented in this report our conclusions about the
      effectiveness of the disclosure controls and procedures, as of the end of the
      period covered by this report based on such evaluation; and




(d)
      Disclosed in this report any change in the small business issuer’s internal
      control over financial reporting that occurred during the small business
      issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal
      quarter in the case of an annual report) that has materially affected, or is
      reasonably likely to materially affect, the small business issuer’s internal
      control over financial reporting; and




5.  The
      small business issuer’s other certifying officer(s) and I have disclosed, based
      on our most recent evaluation of internal control over financial reporting,
      to
      the small business issuer’s auditors and the audit committee of the small
      business issuer’s board of directors (or persons performing the equivalent
      functions):




(a)
      All
      significant deficiencies and material weaknesses in the design or operation
      of
      internal control over financial reporting which are reasonably likely to
      adversely affect the small business issuer’s ability to record, process,
      summarize and report financial information; and




(b)
      Any
      fraud, whether or not material, that involves management or other employees
      who
      have a significant role in the small business issuer’s internal control over
      financial reporting.






Date:  October
      22, 2007




*/s/
      Feliberto Gurat*


Feliberto
      Gurat


Chief
      Executive Officer




**Page
          - 25**




**GURATA
      GOLD, INC.**


**CERTIFICATIONS
      PURSUANT TO**


**SECTION
      302 OF THE SARBANES-OXLEY ACT OF 2002**






**CERTIFICATION**




I,
      Feliberto Gurat, certify that:




1.
 
      I have reviewed this quarterly report on Form 10-QSB of Gurata Gold,
      Inc.;




2.  Based
      on my knowledge, this quarterly report does not contain any untrue statement
      of
      a material fact or omit to state a material fact necessary to make the
      statements made, in light of the circumstances under which such statements
      were
      made, not misleading with respect to the period covered by this
      report;




3.  Based
      on my knowledge, the financial statements, and other financial information
      included in this report, fairly present in all material respects the financial
      condition, results of operations and cash flows of the small business issuer
      as
      of, and for, the periods presented in this report;




4.  The
      small business issuer’s other certifying officer(s) and I are responsible for
      establishing and maintaining disclosure controls and procedures (as defined
      in
      Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
      reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
      small business issuer and have:




(a)
      Designed such disclosure controls and procedures, or caused such disclosure
      controls and procedures to be designed under our supervision, to ensure that
      material information relating to the small business issuer, including its
      consolidated subsidiaries, is made known to us by others within those entities,
      particularly during the period in which this report is being
      prepared;




(b)
      Designed such internal control over financial reporting, or caused such internal
      control over financial reporting to be designed under our supervision, to
      provide reasonable assurance regarding the reliability of financial reporting
      and the preparation of financial statements for external purposes in accordance
      with generally accepted accounting principles;




(c)
      Evaluated the effectiveness of the small business issuer’s disclosure controls
      and procedures and presented in this report our conclusions about the
      effectiveness of the disclosure controls and procedures, as of the end of the
      period covered by this report based on such evaluation; and




(d)
      Disclosed in this report any change in the small business issuer’s internal
      control over financial reporting that occurred during the small business
      issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal
      quarter in the case of an annual report) that has materially affected, or is
      reasonably likely to materially affect, the small business issuer’s internal
      control over financial reporting; and




5.  The
      small business issuer’s other certifying officer(s) and I have disclosed, based
      on our most recent evaluation of internal control over financial reporting,
      to
      the small business issuer’s auditors and the audit committee of the small
      business issuer’s board of directors (or persons performing the equivalent
      functions):




(a)
      All
      significant deficiencies and material weaknesses in the design or operation
      of
      internal control over financial reporting which are reasonably likely to
      adversely affect the small business issuer’s ability to record, process,
      summarize and report financial information; and




(b)
      Any
      fraud, whether or not material, that involves management or other employees
      who
      have a significant role in the small business issuer’s internal control over
      financial reporting.






Date:  October
      22, 2007




*/s/
      Feliberto Gurat*


Feliberto
      Gurat


Chief
      Financial Officer




**Page
          - 26**








**Exhibit
      32**








**Page
          - 27**






**CERTIFICATION
      PURSUANT TO**


**18
      U.S.C. SECTION 1350,**


**AS
      ADOPTED PURSUANT TO**


**SECTION
      906 OF THE SARBANES-OXLEY ACT OF 2002**






In
      connection with the Quarterly Report of Gurata Gold, Inc. (the “Company”) on
      Form 10-QSB for the period ending August 31, 2007 as filed with the Securities
      and Exchange Commission on the date hereof (the “Report”), I, Feliberto Gurat,
      President, Chief Executive Officer of the Company and a member of the Board
      of
      Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section
      906 of the Sarbanes-Oxley Act of 2002, that:




(1)
                  The Report fully complies with the requirements of section 13(a)
                or
                15(d) of the Securities Exchange Act of 1934;
                and




(2)
                  The information contained in the Report fairly presents, in all
                material respects, the financial condition and results of operations
                of
                the Company.











*/s/
      Feliberto Gurat*


Feliberto
      Gurat


Chief
      Executive Officer




October
      22, 2007




**Page
          - 28**






**CERTIFICATION
      PURSUANT TO**


**18
      U.S.C. SECTION 1350,**


**AS
      ADOPTED PURSUANT TO**


**SECTION
      906 OF THE SARBANES-OXLEY ACT OF 2002**








In
      connection with the Quarterly Report of Gurata Gold, Inc. (the “Company”) on
      Form 10-QSB for the period ending August 31, 2007 as filed with the Securities
      and Exchange Commission on the date hereof (the “Report”), I, Feliberto Gurat,
      Chief Financial Officer of the Company and a member of the Board of Directors,
      certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002, that:




(1)
                  The Report fully complies with the requirements of section 13(a)
                or
                15(d) of the Securities Exchange Act of 1934;
                and




(2)
                  The information contained in the Report fairly presents, in all
                material respects, the financial condition and results of operations
                of
                the Company.











*/s/
      Feliberto Gurat*


Feliberto
      Gurat


Chief
      Financial Officer




October
      22, 2007






**Page
          - 29**