| Delaware                                      |   | 20-8901634               |
|-----------------------------------------------|--------|--------------------------|
| (State      or other jurisdiction of          |   | (I.R.S.      Employer    |
| incorporation      or organization)           |   | Identification      No.) |
|                                          |   |                     |
| 400      Steeprock Drive                      |   |                     |
| Toronto, Ontario, Canada                      |   | M3J 2X1                  |
| (Address      of principal executive offices) |   | (Zip      code)          |

| Large      accelerated filer |  ̈ |   | Accelerated      filer         |  ̈ |
|------------------------------|--------|--------|--------------------------------|--------|
|                         |   |   |                           |   |
| Non-accelerated      filer   |  ̈ |   | Smaller      reporting company | x      |

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| EXPLANATORY      NOTE               |          |                                                                                            | 1      |   |
|-------------------------------------|---------------|-------------------------------------------------------------------------------------------------|--------|--------|
|                                |          |                                                                                            |   |   |
| PART      I - FINANCIAL INFORMATION |          |                                                                                            | 1      |   |
|                                |          |                                                                                            |   |   |
|                                | Item      1.  | Unaudited      Financial Statements                                                             |   |   | 1 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      2.  | Management's      Discussion and Analysis of Financial Condition and Results of      Operations |   |   | 7 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      3.  | Quantitative      and Qualitative Disclosures About Market Risk                                 |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      4.  | Controls      and Procedures                                                                    |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
| PART      II - OTHER INFORMATION    |          |                                                                                            | 11     |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      1.  | Legal      Proceedings                                                                          |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      1A. | Risk      Factors                                                                               |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      3.  | Defaults      Upon Senior Securities.                                                           |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      4.  | Submission      of Matters to a Vote of Security Holders.                                       |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      5.  | Other      Information.                                                                         |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
|                                | Item      6.  | Exhibits                                                                                        |   |   | 11 |   |
|                                |          |                                                                                            |   |   |   |   |
| Signatures                          |          |                                                                                            |   |   |   |   |
|                                |          |                                                                                            |   |   |   |   |
| Exhibits                            |          |                                                                                            |   |   |   |   |

----

|                                                                                                                                                                                              |   | Page(s) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|
|                                                                                                                                                                                              |   |    |   |
| Financial      Statements:                                                                                                                                                                        |   |    |   |
|                                                                                                                                                                                              |   |    |   |
| Unaudited      Balance Sheets as of June 30, 2008, and December 31, 2007                                                                                                                          |   |    | 2      |   |
|                                                                                                                                                                                              |   |    |   |   |
| Unaudited      Statements of Operations for the three and  six months ended June 30,      2008 and June 30, 2007 and the period from October 31, 2006 (inception)      through June 30, 2008 |   |    | 3      |   |
|                                                                                                                                                                                              |   |    |   |   |
| Unaudited      Statements of Changes in Stockholders’ Equity  for the period October      31, 2006 (Inception) through June 30, 2008                                                   |   |    | 4      |   |
|                                                                                                                                                                                              |   |    |   |   |
| Unaudited      Statements of Cash Flows for the six months ended June 30, 2008  and      June 30, 2007 and the period from October 31, 2006 (inception) through      June 30, 2008           |   |    | 5      |   |
|                                                                                                                                                                                              |   |    |   |   |
| Notes      to Unaudited Financial Statements                                                                                                                                                      |   |    | 6      |   |

----

|                                                                                                                                                                                 |   | (Unaudited)6/30/08 |    |   | 12/31/07 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|----------|--------|
| ASSETS                                                                                                                                                                               |   |               |    |   |     |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |
| CURRENT      ASSETS                                                                                                                                                                  |   |               |    |   |     |   |
| Cash                                                                                                                                                                                 |   | $                  | 8,699   |   |     | $      | 13,711 |   |
| Total      current assets                                                                                                                                                            |   |               | 8,699   |   |     |   | 13,711 |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| TOTAL      ASSETS                                                                                                                                                                    |   | $                  | 8,699   |   |     | $      | 13,711 |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                                                            |   |               |    |   |     |   |   |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| CURRENT      LIABILITIES                                                                                                                                                             |   |               |    |   |     |   |   |   |
| Accounts      payable                                                                                                                                                                |   | $                  | -       |   |     | $      | - |   |
| Total      current liabilities                                                                                                                                                       |   |               | -       |   |     |   | - |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| TOTAL      LIABILITIES                                                                                                                                                               |   |               | -       |   |     |   | - |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| STOCKHOLDERS'      EQUITY                                                                                                                                                            |   |               |    |   |     |   |   |   |
| Preferred      stock, $0.000001 par value, 20,000,000 shares authorized, none issued      and outstanding                                                                       |   |               | -       |   |     |   | - |   |
| Common      stock, $0.000001 par value, 1,000,000,000 shares      authorized, 3,000,000 shares issued and outstanding at June 30, 2008      and December 31, 2007, respectively |   |               | 3       |   |     |   | 3 |   |
| Additional      paid in capital                                                                                                                                                      |   |               | 39,997  |   |     |   | 39,997 |   |
| Subscriptions      receivable                                                                                                                                                        |   |               | -       |   |     |   | - |   |
| Deficit      accumulated during the exploration stage                                                                                                                                |   |               | (31,301 | )      |     |   | (26,289 | ) |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| Total      stockholders’ equity                                                                                                                                                |   |               | 8,699   |   |     |   | 13,711 |   |
|                                                                                                                                                                                 |   |               |    |   |     |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                |   | $                  | 8,699   |   |     | $      | 13,711 |   |

----

|                                               |   | (Unaudited)Three MonthsEndedJune 30, 2008 |      |   | (Unaudited)Three MonthsEndedJune 30, 2007 |   |      | (Unaudited)Six MonthsEndedJune 30,2008 |   |   | (Unaudited)Six MonthsEndedJune 30,2007 |   |   | (Unaudited)October 31,2006(Inception)ThroughJune 30, 2008 |      |
|----------------------------------------------------|--------|----------------------------------------------------------|-----------|--------|----------------------------------------------------------|--------|-----------|--------------------------------------------------|--------|--------|--------------------------------------------------|--------|--------|--------------------------------------------------------------------------|-----------|
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |
| REVENUE                                            |   | $                                                        | -         |   |                                                     | $      | -         |                                             |   | $      | -                                                |   |   | $                                                                        | -         |   |   | $ | - |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| COST      OF REVENUES                              |   |                                                     | -         |   |                                                     |   | -         |                                             |   |   | -                                                |   |   |                                                                     | -         |   |   |   | - |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| GROSS      PROFIT                                  |   |                                                     | -         |   |                                                     |   | -         |                                             |   |   | -                                                |   |   |                                                                     | -         |   |   |   | - |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| OPERATING      EXPENSES                            |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| CURRENT      LIABILITIES                           |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| Mining      property costs                         |   |                                                     | -         |   |                                                     |   | -         |                                             |   |   | -                                                |   |   |                                                                     | 5,000     |   |   |   | 5,000 |   |
| Professional      fees                             |   |                                                     | 5,000     |   |                                                     |   | 12,500    |                                             |   |   | 5,000                                            |   |   |                                                                     | 12,500    |   |   |   | 26,000 |   |
| Commission      and consulting fees                |   |                                                     | -         |   |                                                     |   | -         |                                             |   |   | -                                                |   |   |                                                                     | -         |   |   |   | - |   |
| General      and administrative                    |   |                                                     | -         |   |                                                     |   | 40        |                                             |   |   | 12                                               |   |   |                                                                     | 279       |   |   |   | 301 |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| Total      operating expenses                      |   |                                                     | 5,000     |   |                                                     |   | 12,540    |                                             |   |   | 5,012                                            |   |   |                                                                     | 17,779    |   |   |   | 31,301 |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| NET      (LOSS)                                    |   | $                                                        | (5,000    | )      |                                                     | $      | (12,540   | )                                                |   | $      | (5,012                                           | )      |   | $                                                                        | (17,779   | ) |   | $ | (31,301 | ) |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF SHARES OUTSTANDING |   |                                                     | 3,000,000 |   |                                                     |   | 3,000,000 |                                             |   |   | 3,000,000                                        |   |   |                                                                     | 3,000,000 |   |   |   |   |   |
|                                               |   |                                                     |      |   |                                                     |   |      |                                             |   |   |                                             |   |   |                                                                     |      |   |   |   |   |   |
| NET      (LOSS) PER SHARE                          |   | $                                                        | (0.00     | )      |                                                     | $      | (0.01     | )                                                |   | $      | (0.00                                            | )      |   | $                                                                        | (0.00     | ) |   |   |   |   |

----

|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   | Deficits        |    |   |   |   |
|-------------------------------------------------|--------|-------------------|-----------|--------|---------|--------|--------|---------------|--------|--------|-------------|--------|--------|-----------------|---------|--------|--------|--------|
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   | Accumulated     |    |   |   |   |
|                                            |   |              |      |   |    |   |   | Additional    |   |   |        |   |   | During the |    |   |   |   |
|                                            |   | Common Stock |      |   | Paid-In |   |   | Subscriptions |   |   | Exploration |   |   |            |    |
|                                            |   | Shares            |      |   | Amount  |   |   | Capital       |   |   | Receivable  |   |   | Stage           |    |   | Total  |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |
| Balance      – October 31, 2006           |   |              | -         |   |    | $      | -      |          |   | $      | -           |   |   | $               | -       |   |   | $      | - |   |   | $ | - |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Common      shares issued to founder            |   |              | 3,000,000 |   |    |   | 3      |          |   |   | 29,997      |   |   |            | (30,000 | )      |   |   | - |   |   |   | - |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Net      loss for the period                    |   |              | -         |   |    |   | -      |          |   |   | -           |   |   |            | -       |   |   |   | - |   |   |   | - |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Balance      – December 31, 2006          |   |              | 3,000,000 |   |    |   | 3      |          |   |   | 29,997      |   |   |            | (30,000 | )      |   |   | - |   |   |   | - |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Cash      received for subscriptions receivable |   |              | -         |   |    |   | -      |          |   |   | -           |   |   |            | 30,000  |   |   |   | - |   |   |   | 30,000 |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Contributed      capital by shareholders        |   |              | -         |   |    |   | -      |          |   |   | 10,000      |   |   |            | -       |   |   |   | - |   |   |   | 10,000 |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Net      loss for the period                    |   |              | -         |   |    |   | -      |          |   |   | -           |   |   |            | -       |   |   |   | (26,289 | ) |   |   | (26,289 | ) |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Balance      – December 31, 2007          |   |              | 3,000,000 |   |    |   | 3      |          |   |   | 39,997      |   |   |            | -       |   |   |   | (26,289 | ) |   |   | 13,711 |   |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Net      loss for the period                    |   |              | -         |   |    |   | -      |          |   |   | -           |   |   |            | -       |   |   |   | (5,012 | ) |   |   | (5,012 | ) |
|                                            |   |              |      |   |    |   |   |          |   |   |        |   |   |            |    |   |   |   |   |   |   |   |   |   |
| Balance      – June 30, 2008              |   |              | 3,000,000 |   |    | $      | 3      |          |   | $      | 39,997      |   |   | $               | -       |   |   | $      | (31,301 | ) |   | $ | 8,699 |   |

----

|                                                         |   | Six Months   |   |   | Six Months   |   |    | October 31,2006(Inception) |   |
|--------------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|---------|---------------------------------|--------|
|                                                         |   | Ended             |   |   | Ended             |   |    | Through                         |   |
|                                                         |   | June 30,2008 |   |   | June 30,2007 |   |    | June 30,2008               |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                    |   |              |   |   |              |   |    |                            |   |
| Net      (loss)                                              |   | $                 | (5,012 | )      |              | $      | (17,815 | )                               |   | $ | (31,301 | ) |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| Net      cash (used in ) operating activities                |   |              | (5,012 | )      |              |   | (17,815 | )                               |   |   | (31,301 | ) |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                    |   |              |   |   |              |   |    |                            |   |   |   |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| Issuance      of stock for cash and subscriptions receivable |   |              | -      |   |              |   | 30,000  |                            |   |   | 30,000 |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| Contribution      of capital                                 |   |              | -      |   |              |   | 10,000  |                            |   |   | 10,000 |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| Net      cash provided by financing activities               |   |              | -      |   |              |   | 40,000  |                            |   |   | 40,000 |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| NET      (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS    |   |              | (5,012 | )      |              |   | 22,185  |                            |   |   | 8,699 |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| CASH      AND CASH EQUIVALENTS – BEGINNING OF PERIOD   |   |              | 13,711 |   |              |   | -       |                            |   |   | - |   |
|                                                         |   |              |   |   |              |   |    |                            |   |   |   |   |
| CASH      AND CASH EQUIVALENTS – END OF PERIOD         |   | $                 | 8,699  |   |              | $      | 22,185  |                            |   | $ | 8,699 |   |

----

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| Item      2. | MANAGEMENT'S DISCUSSION AND      ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS |
|--------------|-------------------------------------------------------------------------------------------------|

----

----

----

| Item      3. | QUANTITATIVE AND QUALITATIVE      ANALYSIS ABOUT MARKET RISK |
|--------------|--------------------------------------------------------------|

| Item      4. | CONTROLS AND      PROCEDURES |
|--------------|------------------------------|

----

| Item      1. | LEGAL      PROCEEDINGS |
|--------------|------------------------|

| Item      1A. | RISK      FACTORS |
|---------------|-------------------|

| Item      2. | UNREGISTERED      SALES OF EQUITY SECURITIES AND USE OFPROCEEDS |
|--------------|-----------------------------------------------------------------|

| Item      3. | DEFAULTS      UPON SENIOR SECURITIES. |
|--------------|---------------------------------------|

| Item      4. | SUBMISSION      OF MATTERS TO A VOTE OF SECURITYHOLDERS. |
|--------------|----------------------------------------------------------|

| Item      5. | OTHER      INFORMATION. |
|--------------|-------------------------|

| Item      6. | EXHIBITS |
|--------------|----------|

| Exhibit      3.1  | Articles      of Incorporation (incorporated by reference to Exhibit 3.1 of the Form      SB-2 of Lodestar Mining, Incorporated, filed on May 30, 2007, File No.      333-143352)                                     |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                                                                                                                  |
| Exhibit      3.2  | Bylaws      (incorporated by reference to Exhibit 3.2 in the Form SB-2 of Lodestar      Mining, Incorporated, filed on May 30, 2007, File No.      333-143352)                                                        |
|              |                                                                                                                                                                                                                  |
| Exhibit      10.1 | Mineral      Claim Option Agreement with Claim Lake Nickel, Inc. (incorporated by      reference to Exhibit 10.1 in the Form SB-2 of Lodestar Mining,      Incorporated, filed on May 30, 2007, File No.  333-143352) |
|              |                                                                                                                                                                                                                  |
| Exhibit      11   | Statement      re computation of per share earnings (see Note 1 to Financial Statements      on page 6)                                                                                                               |
|              |                                                                                                                                                                                                                  |
| Exhibit      31   | Certification      as Adopted Pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002 by      Chief Executive Officer and Chief Financial Officer                                                                |
|              |                                                                                                                                                                                                                  |
| Exhibit      32   | Certification      Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002 by Chief Executive Officer and Chief      Financial Officer                          |

----

|                           | LODESTAR MINING,    INCORPORATED                                                                                                                               |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           | (Registrant)                                                                                                                                                   |
|                           |                                                                                                                                                           |
| Date: March      30, 2009 | /s/  Ian  McKinnon                                                                                                                                   |
|                           | Ian      McKinnon, Chief Executive Officer, Director,Principal      Executive Officer, Principal FinancialOfficer,      Principal Accounting Officer,Treasurer |

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