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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

[X] Quarterly Report Pursuant To Section 13 Or 15(D) Of The
Securities Exchange Act Of 1934

For the quarterly period ended January 31, 2010

[   ] Transition Report Under Section 13 Or 15(D) Of
The Securities Exchange Act Of 1934

For the transition period from _____ to _____

COMMISSION FILE NUMBER 000-52667

SOMBRIO CAPITAL CORP.(Exact name of registrant as specified in its charter)

|NEVADA                                                               | 98-0533822                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)

311 Tawny Road, Sarnia, Ontario, Canada, N7S
5K1(Address of principal executive offices, including zip code)

519-542-1229(Issuers telephone number, including area code)

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 large
accelerated filer, an accelerated filer, a non-accelerated filer, or a small
reporting company. See the definitions of large accelerated filer,
accelerated filer, non-accelerated filer, and smaller reporting company
in Rule 12b-2 of the Exchange Act.

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


Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes
[X]     No [   ]

State the number of shares outstanding of each of the issuers
classes of common equity, as of the latest practicable date. 7,187,498
shares of common stock as of March 12, 2010

1

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PART I. FINANCIAL INFORMATION

Item
1.                   
 Financial Statements

The following consolidated interim unaudited financial
statements of Sombrio Capital Corp. (the Company) for the three month period
ended January 31, 2010 are included with this Quarterly Report on Form 10-Q:

| | (a) | Consolidated Balance Sheets as of January 31, 2010 and
      October 31, 2009;                                                                                                                                      
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                     
| | (b) | Consolidated Statements of Operations for three months
      ended January 31, 2010, for the three months ended January 31, 2009, and
      for the period March 31, 2006 (Inception) to January 31, 2010.          
| |     |                                                                                                                                                                                                                     
| | (c) | Consolidated Statements of Cash Flows for the three
      months ended January 31, 2010, for the three months ended January 31,
      2009, and for the period March 31, 2006 (inception) to January 31,
      2010.
| |     |                                                                                                                                                                                                                     
| | (d) | Statement of Stockholders Equity for the period from
      March 31, 2006 (Inception) to January 31, 2010.                                                                                                         
| |     |                                                                                                                                                                                                                     
| | (e) | Notes to Financial Statements.                                                                                                                                                                                      

2

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|SOMBRIO CAPITAL CORPORATION   
|------------------------------
|(An Exploration Stage Company)
|BALANCE SHEETS                
|(Stated in
      U.S. dollars)

|                                                                                       |   | January 31  |   |   | October 31 |  
|-------------------------------------------------------------------------------------- | - | ----------- | - | - | ---------- | -
|                                                                                       |   | 2010        |   |   | 2009       |  
|                                                                                       |   | (Unaudited) |   |   |            |  
|ASSETS                                                                                 |   |             |   |   |            |  
|Current                                                                                |   |             |   |   |            |  
|Cash                                                                                   | $ | 927         |   | $ | 62         |  
|                                                                                       |   |             |   |   |            |  
|                                                                                       | $ | 927         |   | $ | 62         |  
|                                                                                       |   |             |   |   |            |  
|LIABILITIES                                                                            |   |             |   |   |            |  
|Non current                                                                            |   |             |   |   |            |  
|Loan Payable                                                                           |   | 11,550      |   |   | 10,050     |  
|                                                                                       |   |             |   |   |            |  
|                                                                                       |   |             |   |   |            |  
|STOCKHOLDERS' EQUITY                                                                   |   |             |   |   |            |  
|Capital Stock                                                                          |   |             |   |   |            |  
|Authorized:                                                                            |   |             |   |   |            |  
|100,000,000 common voting stock with a par value of $0.001 per share                   |   |             |   |   |            |  
|5,000,000 preferred stock with a par value of $0.001 per share                         |   |             |   |   |            |  
|Issued and outstanding:                                                                |   |             |   |   |            |  
|7,187,498 common shares outstanding as at January 31, 2010 and Oactober
      31, 2009 |   | 7,188       |   |   | 7,188      |  
|Additional Paid-In Capital                                                             |   | 116,122     |   |   | 116,122    |  
|Accumulated Other Comprehensive Income                                                 |   | 1,683       |   |   | 1,683      |  
|Deficit Accumulated During
      The Exploration Stage                                 |   | (135,616    | ) |   | (134,981   | )
|                                                                                       |   |             |   |   |            |  
|                                                                                       |   | (10,623     | ) |   | (9,988     | )
|                                                                                       |   |             |   |   |            |  
|                                                                                       | $ | 927         |   | $ | 62         |  

See accompanying notes to interim financial statements.

3

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|SOMBRIO CAPITAL CORPORATION   
|------------------------------
|(An Exploration Stage Company)
|STATEMENT OF OPERATIONS       
|(Unaudited)                   
|(Stated in
      U.S. Dollars)

|                                                           |   |                            |   |   |           |   |   | Cumulative  |  
|---------------------------------------------------------- | - | -------------------------- | - | - | --------- | - | - | ----------- | -
|                                                           |   |                            |   |   |           |   |   | Period from |  
|                                                           |   |                            |   |   |           |   |   | Inception   |  
|                                                           |   |                            |   |   |           |   |   | March 31,   |  
|                                                           |   | For the Three Months Ended |   |   | 2006 to   |  
|                                                           |   | January
      31,          |   |   | Jan. 31,  |  
|                                                           |   | 2010                       |   |   | 2009      |   |   | 2010        |  
|                                                           |   |                            |   |   |           |   |   |             |  
|Revenue                                                    | $ | -                          |   | $ | -         |   | $ | -           |  
|Exploration Expenses                                       |   | -                          |   |   | -         |   |   | 17,052      |  
|Filing Fees                                                |   | -                          |   |   | 631       |   |   | 11,789      |  
|General and Administrative                                 |   | 335                        |   |   | 350       |   |   | 8,431       |  
|Professional Fees                                          |   | 300                        |   |   | 7,936     |   |   | 75,282      |  
|Transfer Agent fees                                        |   | -                          |   |   | -         |   |   | 19,466      |  
|                                                           |   | 635                        |   |   | 8,917     |   |   | 132,020     |  
|                                                           |   |                            |   |   |           |   |   |             |  
|Operating Loss                                             |   | (635                       | ) |   | (8,917    | ) |   | (132,020    | )
|Write Down of Mineral Property                             |   |                            |   |   |           |   |   | 3,596       |  
|                                                           |   |                            |   |   |           |   |   |             |  
|Net Loss For The Period                                    |   | (635                       | ) |   | (8,917    | ) |   | (135,616    | )
|                                                           |   |                            |   |   |           |   |   |             |  
|Other Comprehensive Loss                                   |   |                            |   |   |           |   |   |             |  
|Foreign
      currency translation adjustment              |   | -                          |   |   | 978       |   |   | 1,683       |  
|                                                           |   |                            |   |   |           |   |   |             |  
|Total Comprehensive Loss                                   | $ | (635                       | ) | $ | (7,939    | ) | $ | (133,933    | )
|                                                           |   |                            |   |   |           |   |   |             |  
|Basic and Diluted Loss Per share                           | $ | (0.00                      | ) | $ | (0.00     | ) |   |             |  
|                                                           |   |                            |   |   |           |   |   |             |  
|Weighted Average Number Of common
      Shares Outstanding |   | 7,187,498                  |   |   | 7,187,498 |   |   |             |  

See accompanying notes to interim financial statements.

4

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SOMBRIO CAPITAL CORPORATION(An Exploration Stage
Company)STATEMENT OF CASH FLOWS(Stated in U.S.
Dollars)(Unaudited)

|                                                         |   |                            |   |   |          |   |   | Cumulative |  
|-------------------------------------------------------- | - | -------------------------- | - | - | -------- | - | - | ---------- | -
|                                                         |   |                            |   |   |          |   |   | Period     |  
|                                                         |   |                            |   |   |          |   |   | from       |  
|                                                         |   |                            |   |   |          |   |   | Inception  |  
|                                                         |   |                            |   |   |          |   |   | March 31,  |  
|                                                         |   | For the Three Months Ended |   |   | 2006 to  |  
|                                                         |   | January 31,                |   |   | Jan. 31, |  
|                                                         |   | 2010                       |   |   | 2009     |   |   | 2010       |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Cash flows (Used In) operating activities:               |   |                            |   |   |          |   |   |            |  
|Net loss for the period                                  | $ | (635                       | ) | $ | (8,917   | ) | $ | (135,616   | )
|Change in non-cash operating
      working capital items |   |                            |   |   |          |   |   |            |  
|Accounts
      payable and accrued liabilities           |   | -                          |   |   | 5,000    |   |   | -          |  
|Prepaid expenses                                         |   |                            |   |   |          |   |   |            |  
|Write down of mineral properties                         |   | -                          |   |   | -        |   |   | 3,596      |  
|                                                         |   | (635                       | ) |   | (3,917   | ) |   | (132,020   | )
|                                                         |   |                            |   |   |          |   |   |            |  
|Cash flows provided by investing activities              |   |                            |   |   |          |   |   |            |  
|Mineral property acquisition costs                       |   |                            |   |   |          |   |   | (3,596     | )
|                                                         |   |                            |   |   |          |   |   |            |  
|Cash flows privided by financing activities:             |   |                            |   |   |          |   |   |            |  
|Stock issued for cash                                    |   |                            |   |   |          |   |   | 123,310    |  
|Proceeds of loans                                        |   | 1,500                      |   |   |          |   |   | 11,550     |  
|Other                                                    |   |                            |   |   |          |   |   |            |  
|                                                         |   | 1,500                      |   |   | -        |   |   | 134,860    |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Foreign Exchange Effect on Cash                          |   | -                          |   |   | 978      |   |   | 1,683      |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Net increase (decrease) in cash                          |   | 865                        |   |   | (2,939   | ) |   | 927        |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Cash, beginning of the period                            |   | 62                         |   |   | 9,466    |   |   | -          |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Cash, end of the period                                  | $ | 927                        |   | $ | 6,527    |   | $ | 927        |  
|                                                         |   |                            |   |   |          |   |   |            |  
|Supplemental disclosure of cash flow:                    |   |                            |   |   |          |   |   |            |  
|Cash paid during the period for:                         |   |                            |   |   |          |   |   |            |  
|Interest                                                 | $ | -                          |   | $ | -        |   |   |            |  
|Taxes                                                    | $ | -                          |   | $ | -        |   |   |            |  

See accompanying notes to interim financial statements.

5

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|SOMBRIO CAPITAL CORPORATION                                             
|------------------------------------------------------------------------
|(An Exploration Stage Company)                                          
|STATEMENT OF STOCKHOLDERS' EQUITY                                       
|For the Period from March 31, 2006 (Inception) to
      January 31, 2010
|(Stated in U.S. Dollars)                                                
|(Unaudited)                                                             

|                                                                  |  |                    |   |   |         |   |   |            |  |   | Accumulated   |   |   | Accumulated |   |   |               |  
|----------------------------------------------------------------- |  | ------------------ | - | - | ------- | - | - | ---------- |  | - | ------------- | - | - | ----------- | - | - | ------------- | -
|                                                                  |  |                    |   |   |         |   |   |            |  |   | Other         |   |   | Deficit     |   |   | Total         |  
|                                                                  |  |                    |   |   |         |   |   | Additional |  |   | Compre-       |   |   | during the  |   |   | Shareholders' |  
|                                                                  |  | Common
      Stock |   |   | Paid-In |   |   | hensive    |  |   | Development   |   |   | Equity      |  
|                                                                  |  | Shares             |   |   | Amount  |   |   | Capital    |  |   | Income (Loss) |   |   | Stage       |   |   | (Deficit)     |  
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Inception, March 31, 2006                                         |  | -                  |   | $ | -       |   | $ | -          |  | $ | -             |   | $ | -           |   | $ | -             |  
|May 31, 2006 - Stock issued for cash at $0.001                    |  | 5,000,000          |   |   | 5,000   |   |   |            |  |   |               |   |   |             |   |   | 5,000         |  
|July 13, 2006 - Stock issued for cash at $0.03                    |  | 999,999            |   |   | 1,000   |   |   | 29,000     |  |   |               |   |   |             |   |   | 30,000        |  
|September 23, 2006 - Stock issued for cash at $0.06               |  | 760,999            |   |   | 761     |   |   | 44,899     |  |   |               |   |   |             |   |   | 45,660        |  
|Foreign currency translation                                      |  |                    |   |   |         |   |   |            |  |   | (178          | ) |   |             |   |   | (178          | )
|Net Loss for the period                                           |  |                    |   |   |         |   |   |            |  |   |               |   |   | (11,648     | ) |   | (11,648       | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Balances, October 31, 2006                                        |  | 6,760,998          |   | $ | 6,761   |   | $ | 73,899     |  | $ | (178          | ) | $ | (11,648     | ) | $ | 68,834        |  
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|December 31, 2006 - Stock issued for cash at $0.10                |  | 418,500            |   |   | 419     |   |   | 41,431     |  |   |               |   |   |             |   |   | 41,850        |  
|April 16, 2007 - Stock issuedc for cash at
      $0.10            |  | 8,000              |   |   | 8       |   |   | 792        |  |   |               |   |   |             |   |   | 800           |  
|Foreign currency traslation                                       |  |                    |   |   |         |   |   |            |  |   | 878           |   |   |             |   |   | 878           |  
|Net loss for the year                                             |  |                    |   |   |         |   |   |            |  |   |               |   |   | (57,724     | ) |   | (57,724       | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Balances, October 31, 2007                                        |  | 7,187,498          |   | $ | 7,188   |   | $ | 116,122    |  | $ | 700           |   | $ | (69,372     | ) | $ | 54,638        |  
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Foreign currency traslation                                       |  |                    |   |   |         |   |   |            |  |   | 43            |   |   |             |   |   | 43            |  
|Net loss for the year                                             |  |                    |   |   |         |   |   |            |  |   |               |   |   | (54,239     | ) |   | (54,239       | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Balances, October 31, 2008                                        |  | 7,187,498          |   | $ | 7,188   |   | $ | 116,122    |  | $ | 743           |   | $ | (123,611    | ) | $ | 442           |  
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|January 7, 2009 - Stock cancelled returned to Treasury            |  | (5,000,000         | ) |   | (5,000  | ) |   |            |  |   |               |   |   |             |   |   | (5,000        | )
|January 7, 2009 - Stock issued for cash at
      $0.001 per share |  | 5,000,000          |   |   | 5,000   |   |   |            |  |   |               |   |   |             |   |   | 5,000         |  
|Foreign currency traslation                                       |  |                    |   |   |         |   |   |            |  |   | 940           |   |   |             |   |   | 940           |  
|Net loss for the year                                             |  |                    |   |   |         |   |   |            |  |   |               |   |   | (11,370     | ) |   | (11,370       | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Balances, October 31, 2009                                        |  | 7,187,498          |   | $ | 7,188   |   | $ | 116,122    |  | $ | 1,683         |   | $ | (134,981    | ) | $ | (9,988        | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Net loss for the 3 months ended January 31,
      2010            |  |                    |   |   |         |   |   |            |  |   |               |   |   | (635        | ) |   | (635          | )
|                                                                  |  |                    |   |   |         |   |   |            |  |   |               |   |   |             |   |   |               |  
|Balances, January 31, 2010                                        |  | 7,187,498          |   | $ | 7,188   |   | $ | 116,122    |  | $ | 1,683         |   | $ | (135,616    | ) | $ | (10,623       | )

See accompanying notes to interim financial statements.

6

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SOMBRIO CAPITAL CORP.(An Exploration Stage
Company) NOTES TO FINANCIAL STATEMENTS JANUARY 31, 2010(Stated in U.S. Dollars)

|1. | BASIS OF PRESENTATION AND NATURE OF
    OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Sombrio Capital Corp. (the Company) was incorporated in
      the State of Nevada, U.S.A., on March 31, 2006. The Companys principal
      executive offices are in Sarnia, Ontario, Canada.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Exploration Stage Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The Company has been in the exploration stage since its
      formation and has not yet realized any revenues from its planned
      operations. The Company was formed for the purpose of acquiring
      exploration and development stage natural resource properties. The Company
      is an exploration stage company as defined in the Securities and Exchange
      Commission (S.E.C.) Industry Guide No. 7. During the Companys 2008
      fiscal year, all of its natural resource exploration properties were
      abandoned.                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Going Concern                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The accompanying financial statements have been prepared
      assuming the Company will continue as a going concern.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | As shown in the accompanying financial statements, for
      the period from March 31, 2006 (inception) to January 31, 2010, the
      Company had no revenue and incurred net losses aggregating $135,616. The
      future of the Company is dependent upon its ability to obtain financing
      and upon future profitable operations from the development of natural
      resource properties. Management has plans to seek additional capital
      through debt, and private and public offerings of its common stock. The
      financial statements do not include any adjustments relating to the
      recoverability and classification of recorded assets, or the amounts of
      and classification of liabilities that might be necessary in the event the
      Company cannot continue in existence.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|2. | SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The financial statements of the Company have been
      prepared in accordance with generally accepted accounting principles in
      the United States. Because a precise determination of many assets and
      liabilities is dependent upon future events, the preparation of financial
      statements for a period necessarily involves the use of estimates which
      have been made using careful judgment.                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The financial statements have, in managements opinion,
      been properly prepared within reasonable limits of materiality and within
      the framework of the significant accounting policies summarized
    below:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

7

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| |    | development or existence of reserves. Costs of
      acquisition are capitalized subject to impairment testing, in accordance
      with Financial Accounting Standards 144 (FAS 144), Accounting for the
      Impairment or Disposal of Long-Lived Assets, when facts and circumstances
      indicate impairment may exist.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | The Company regularly performs evaluations of any
      investment in mineral properties to assess the recoverability and/or the
      residual value of its investments in these assets. Also, long-lived assets
      are reviewed for impairment whenever events or circumstances change which
      indicate the carrying amount of an asset may not be recoverable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | Management periodically reviews the carrying value of its
      investments in mineral leases and claims with internal and external mining
      related professionals. A decision to abandon, reduce or expand a specific
      project is based upon many factors including general and specific
      assessments of mineral deposits, anticipated future mineral prices,
      anticipated future costs of exploring, developing and operating a
      production mine, the expiration term and ongoing expenses of maintaining
      mineral properties and the general likelihood that the Company will
      continue exploration on such project. The Company does not set a
      pre-determined holding period for properties with unproven deposits,
      however, properties which have not demonstrated suitable metal
      concentrations at the conclusion of each phase of an exploration program
      are re-evaluated to determine if future exploration is warranted, whether
      there has been any impairment in value and that their carrying values are
      appropriate.
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | b) | Mineral Property Interests (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | If an area of interest is abandoned or it is determined
      that its carrying value cannot be supported by future production or sale,
      the related costs are charged against operations in the year of
      abandonment or determination of value. The amounts recorded as mineral
      leases and claims represent costs to date and do not necessarily reflect
      present or future values.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | The Companys business activities are subject to various
      laws and regulations governing the protection of the environment. These
      laws are continually changing, generally becoming more restrictive. The
      Company has made, and expects to make in the future, expenditures to
      comply with such laws and regulations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | The accumulated costs of properties that are developed on
      the stage of commercial production will be amortized to operations through
      unit-of-production depletion if and when revenue is generated from the
      Companys business activities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | c) | Financial Instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | The Companys financial instruments consist of cash, and
      accounts payable and accrued liabilities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | Unless otherwise noted, it is managements opinion that
      this Company is not exposed to significant interest or credit risks
      arising from these financial instruments. The fair value of these
      financial instruments approximates their carrying values, unless otherwise
      noted.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| | d) | Basic and Diluted Loss Per Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |    | In accordance with Statement of Financial Accounting
      Standards No. 128 (SFAS 128), Earnings Per Share, the basic loss per
      common share is computed by dividing net loss available to common
      stockholders by the weighted average number of common shares outstanding.
      Diluted loss per common share is computed similar to basic loss per common
      share except that the denominator is increased to include the number of
      additional common shares that would have been outstanding if the potential
      common shares had been issued and if the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

8

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| |    | additional common shares were dilutive. At January 31,
      2010, the Company had no common stock equivalents that were anti-dilutive
      and excluded in the earnings per share computation.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                 
| | e) | Foreign Currency Translation                                                                                                                                                                    
| |    |                                                                                                                                                                                                 
| |    | The Companys functional currency is the Canadian dollar.
      Transactions in Canadian currency are translated into U.S. dollars as
      follows:                                            

| | i)   | monetary items at the exchange rate prevailing at the
      balance sheet date;                 
| | ---- | ------------------------------------------------------------------------------------------------
| |      |                                                                                                 
| | ii)  | non-monetary items at the historical exchange
  rate;                                           
| |      |                                                                                                 
| | iii) | revenue and expense at the average rate in effect during
      the applicable accounting period.

| |    | Translation adjustments resulting from this process are
      recorded in Stockholders Equity as a component of Accumulated Other
      Comprehensive Income (Loss).                                                                                                                                                                                                                                                                                                                                                                                            
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |    | Gains and losses arising on translation or settlement of
      foreign currency denominated transactions or balances are recorded in the
      Statement of Operations.                                                                                                                                                                                                                                                                                                                                                                                          
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | f) | Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |    | The preparation of financial statements, in conformity
      with generally accepted accounting principles, requires management to make
      estimates and assumptions that affect the amounts reported in the
      financial statements and accompanying disclosures. Actual results may
      differ from the estimates.                                                                                                                                                                                                                                     
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | g) | Impairment of Long-Lived Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |    | In accordance with Statement of Financial Accounting
      Standards No. 144 (SFAS 144), Accounting for the Impairment or Disposal
      of Long-Lived Assets, the Company records impairment losses on long-lived
      assets used in operations when indicators of impairment are present and
      the undiscounted cash flows estimated to be generated by those assets are
      less than the assets carrying amount. In such cases, the amount of the
      impairment is determined based on the relative fair values of the impaired
      assets.

|3. | MINERAL PROPERTY
|-- | ----------------

During 2006, the Company acquired an
undivided 100% interest in a mineral claim (known as the Lincoln 1) located in
the Province of British Columbia for $3,596.

The Company ceased work on the claim.
The property was fully written down and abandoned as at the fiscal year ended
October 31, 2008.

|4. | RECENT ACCOUNTING
PRONOUNCEMENTS
|-- | --------------------------------

The following Recent Accounting
Pronouncements are disclosed as they may be applicable to the In May, 2009, the
FASB issued SFAS No. 165, Subsequent Events, which established general
accounting standards and disclosure for subsequent events. In accordance with
SFAS No. 165, the Company has evaluated subsequent events through the date the
financial statements were filed.

In June, 2009, the FASB issued SFAS No.
168  The FASB Accounting Standards Codification and the Hierarchy of Generally
Accepted Accounting Principles  a Standards Codification as the single source
of authoritative US generally accepted accounting principles recognized by the
FASB to be applied to nongovernmental entities. SFAS 168 is effective for
financial statements issued for interim and annual periods ending after
September 15, 2009.

9

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The adoption of SFAS 168 will not have an impact on the
Companys financial position, results of operations or cash flows.

|5. | CAPITAL STOCK
|-- | -------------

On May 31, 2006 the company sold
5,000,00 shares of common stock at $0.001 per share for cash.

On July 13, 2006 pursuant to a private
placement, the Company sold 999,999 shares of common stock at $0.03 per share
for cash.

On September 23, 2006, pursuant to a
private placement, the Company sold 760,999 shares of common stock at $0.06 per
share for cash.

On December 31, 2006, pursuant to a
private placement, the Company sold 418,500 shares of common stock at $0.10 per
share.

On April 16, 2007, pursuant to a
private placement, the Company sold 8,000 shares of common stock for $0.10 per
share.

On January 7, 2009, 5,000,000 shares
were cancelled and returned to Treasury.

On January 7, 2009, pursuant to a
private placement, the Company sold 5,000,000 shares of common stock for $0.001
pr share.

As at January 31, 2010, the Company has
no option plan, warrants or other dilutive securities.

As at January 31, 2010, the Company has
authorized 100,000,000 shares of common stock with a par value of $0.001, of
which 7,187,498 shares were issued and outstanding.

|6. | INCOME TAXES
|-- | ------------

a) Income Tax Provision

The provision for income taxes differs
from the result which would be obtained by applying the statutory income tax
rate of 34% ( 2007  34%) to income before income taxes. The difference results
from the following items for the fiscal years ended October 31, 2009 and 2008:

| |                                             |   | 2009    |   |   | 2008    |  
| | ------------------------------------------- | - | ------- | - | - | ------- | -
| |                                             |   |         |   |   |         |  
| | Computed expected (benefit of) income taxes | $ | (22,046 | ) | $ | (18,500 | )
| | Increase in valuation allowance             |   | 22,046  |   |   | 18,500  |  
| | Income tax provision                        | $ | 0       |   |   | 0       |  

b) significant components of the
Companys deferred income tax assets are as follows:

| |                                |   | 2009    |   |   | 2008    |  
| | ------------------------------ | - | ------- | - | - | ------- | -
| | Deferred income tax assets     | $ | 45,546  |   | $ | 42, 000 |  
| | Valuation allowance            |   | (45,546 | ) |   | (42,000 | )
| | Net deferred income tax assets | $ | 0       |   |   | 0       |  

c) The Company has incurred operating
losses of approximately $134,430, which if unutilized, expire in 2029, Subject
to certain restrictions, the Company has mineral property and exploration
expenditures of $17,052 available to reduce future taxable income. Future tax
benefits, which may arise as a result of these losses, have not been recognized
in these financial statements, and have not been recognized in these financial statements, and have been
offset by a valuation allowance.

10

---

The following table lists the fiscal year in
which the loss was incurred and the expiation date of the operating loss carry
forwards:

| |                                               |   | INCOME TAX OPERATING     | 
| | --------------------------------------------- | - | ------------------------ | 
| |                                               |   | LOSS
      CARRY FORWARD | 
| |                                               |   |                          | 
| |                                               |   | AMOUNT                   | 
| | 2009                                          | $ | 10,430                   | 
| | 2008                                          |   | 54,000                   | 
| | 2007                                          |   | 58,000                   | 
| | 2006                                          |   | 12,000                   | 
| | Total income tax operation loss carry forward | $ | 134,430                  | 

|7. | CHANGE IN CONTROL
|-- | -----------------

On December 30, 2008 Derek Page
voluntarily resigned as Chief Executive Officer, Chief financial Officer and
Secretary of the Company. Ken MacAlpine was appointed in his place. Ken
MacAlpine was appointed to the Board of Directors, whereupon Derek Page resigned
as director.

On January 7, 2009 the 5,000,000 shares
controlled by Derek Page through 644822 British Columbia Ltd. were cancelled and
returned to Treasury. On the same date Ken MacAlpine purchased 5,000,000 shares
at $0.001 per share through his owned and controlled corporation KIF Capital
Corporation, representing approximately 69.5% of the total outstanding number of
shares of common stock of the Company.

|8. | CONTINGENCIES, LITIGATION
|-- | -------------------------

There were no loss contingencies or
legal proceedings against the Company with respect to matters arising in the
ordinary course of business. Neither the Company nor any of its officers or
directors is involved in any other litigation either as plaintiffs or
defendants, and have no knowledge of any threatened or pending litigation
against them or any of the officers or directors.

11

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Item
2.                     Managements
Discussion and Analysis of Financial condition and Results of Operations

THE FOLLOWING DISCUSSION OF THE RESULTS OF OUR OPERATIONS AND
FINANCIAL CONDITION SHOULD BE READ IN CONJUNCTION WITH OUR FINANCIAL STATEMENTS
AND THE NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This section of this report includes a number of
forward-looking statements that reflect our current views with respect to future
events and financial performance. Forward-looking statements are often
identified by words like: believe, expect, estimate, anticipate, intend, project
and similar expressions, or words which, by their nature, refer to future
events. You should not place undue certainty on these forward-looking
statements, which apply only as of the date of our report. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results and predictions. We
are an exploration stage company and have not yet generated or realized any
revenues.

Overview

We were incorporated as Sombrio Capital Corp. under the laws of
Nevada on March 31, 2006. We are an exploration stage company engaged in the
acquisition and exploration of mineral properties. On January 28, 2009, we
decided to abandon our Lincoln 1 mineral claim due to our unsuccessful
explorations to date and our inability to attract investment capital to proceed
with further exploration on the claim.

We are currently seeking other opportunities in the mining
industry. Simultaneously, we are seeking business opportunities with established
business entities for the merger of a target business with our company. In
certain instances, a target business may wish to become a subsidiary of us or
may wish to contribute assets to us rather than merge. We are currently in
negotiations with several parties to enter into a business opportunity but we
have not entered into any definitive agreements to date and there can be no
assurance that we will be able to enter into any definitive agreements. We
anticipate that any new acquisition or business opportunities by our company
will require additional financing. There can be no assurance, however, that we
will be able to acquire the financing necessary to enable us to pursue our plan
of operation. If our company requires additional financing and we are unable to
acquire such funds, our business may fail.

We have no revenues, have achieved losses since inception, have
been issued a going concern opinion by our auditors and rely upon the sale of
our securities to fund operations. Accordingly, we will be dependent on future
additional financing in order to maintain our operations and continue seeking
new business opportunities.

12

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Our Current Business

We are currently seeking opportunities to acquire prospective
or existing mineral properties, prospective or producing oil and gas properties
or other oil and gas resource related projects. Simultaneously, we are seeking
business opportunities with established business entities for the merger of a
target business with our company. In certain instances, a target business may
wish to become a subsidiary of us or may wish to contribute assets to us rather
than merge. We are currently in negotiations with several parties to enter into
a business opportunity but we have not entered into any definitive agreements to
date and there can be no assurance that we will be able to enter into any
definitive agreements. We anticipate that any new acquisition or business
opportunities by our company will require additional financing. There can be no
assurance, however, that we will be able to acquire the financing necessary to
enable us to pursue our plan of operation. If our company requires additional
financing and we are unable to acquire such funds, our business may fail.

Management of our company believes that there are perceived
benefits to being a reporting company with a class of publicly-traded
securities. These are commonly thought to include: (i) the ability to use
registered securities to acquire assets or businesses; (ii) increased visibility
in the financial community; (iii) the facilitation of borrowing from financial
institutions; (iv) improved trading efficiency; (v) stockholder liquidity; (vi)
greater ease in subsequently raising capital; (vii) compensation of key
employees through stock options; (viii) enhanced corporate image; and (ix) a
presence in the United States capital market.

We may seek a business opportunity with entities who have
recently commenced operations, or entities who wish to utilize the public
marketplace in order to raise additional capital in order to expand business
development activities, to develop a new product or service, or for other
corporate purposes. We may acquire assets and establish wholly-owned
subsidiaries in various businesses or acquire existing businesses as
subsidiaries.

In implementing a structure for a particular business
acquisition or opportunity, we may become a party to a merger, consolidation,
reorganization, joint venture, or licensing agreement with another corporation
or entity. We may also acquire stock or assets of an existing business. Upon the
consummation of a transaction, it is likely that our present management will no
longer be in control of our company. In addition, it is likely that our officer
and director will, as part of the terms of the acquisition transaction, resign
and be replaced by one or more new officers and directors.

As of the date hereof, management has not entered into any
formal written agreements for a business combination or opportunity. When any
such agreement is reached, we intend to disclose such an agreement by filing a
current report on Form 8-K with the Securities and Exchange Commission.

13

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We anticipate that the selection of a business opportunity in
which to participate will be complex and without certainty of success.
Management believes that there are numerous firms in various industries seeking
the perceived benefits of being a publicly registered corporation. Business
opportunities may be available in many different industries and at various
stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely difficult
and complex. We can provide no assurance that we will be able to locate
compatible business opportunities.

As an exploration stage company, we are not able to fund our
cash requirements through our current operations. Historically, we have been
able to raise a limited amount of capital through private placements of our
equity stock, but we are uncertain about our continued ability to raise funds
privately. Further, we believe that our company may have difficulties raising
capital until we locate a prospective property through which we can pursue our
plan of operation. If we are unable to secure adequate capital to continue our
acquisition efforts, our shareholders may lose some or all of their investment
and our business may fail.

We incurred operating losses in the amount of $134,430 from
inception on March 31, 2006 through the period ended January 31, 2010. These
operating expenses were composed of exploration expenses, professional fees, and
other administrative expenses.

Financings

Our operations to date have been funded by equity investment.
All of our equity funding has come from a private placement of our securities We
completed an offering of 5,000,000 shares of our common stock at a price of
$0.001 per share to Mr. Derek Page, our director and officer, on March 31, 2006,
for total proceeds of $5,000. We completed this offering pursuant to Section
4(2) of the Securities Act.

We completed an offering of 999,999 shares of our common stock
at a price of $0.03 per share to a total of five purchasers on July 13, 2006.
The total proceeds from this offering were $30,000. We completed this offering
pursuant to Rule 903 of Regulation S of the Securities Act

We completed an offering of 760,999 shares of our common stock
at a price of $0.06 per share to a total of 13 purchasers on September 23, 2006
for total proceeds of $45,660. We completed this offering pursuant to Rule 903
of Regulation S of the Securities Act.

We completed an offering of 426,500 shares of our common stock
at a price of $0.10 per share to a total of 30 purchasers on December 31, 2006
and April 16, 2007 for total proceeds of $42,650. Of these shares, 418,500 were
issued on December 31, 2006 and 8,000 were issued on April 26, 2007. We
completed this offering pursuant to Rule 903 of Regulation S of the Securities
Act.

14

---

On January 7, 2009, we completed an offering of 5,000,000
shares of its common stock at a price of $0.001 per share to KIF Capital Corp.
(KIF). KIF is a private company owned and controlled by Ken MacAlpine, a
director of the Company. The total amount the Company received from this
offering was $5,000. The Company completed the offering pursuant to Regulation S
under the Securities Act of 1933.

Off-Balance Sheet Arrangements

We have no significant 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, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to stockholders.

Item
3.                     Quantitative
and Qualitative Disclosures About Market Risk.

N/A

Item
4.                     Controls
and Procedures.

As of the end of the period covered by this Report, the
Companys President, and principal financial officer (the Certifying Officer),
evaluated the effectiveness of the Companys disclosure controls and
procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of
1934. Based on that evaluation, the officer concluded that, as of the date of
the evaluation, the Companys disclosure controls and procedures were effective
to provide reasonable assurance that the information required to be disclosed in
the Companys periodic filings under the Securities Exchange Act of 1934 is
accumulated and communicated to management to allow timely decisions regarding
required disclosure.

The Certifying Officer has also indicated that there were no
significant changes in our internal controls or other factors that could
significantly affect such controls subsequent to the date of their evaluation
and there were no corrective actions with regard to significant deficiencies and
material weaknesses.

Our management, including the Certifying Officer, does not
expect that our disclosure controls or our internal controls will prevent all
errors and fraud. A control system, no matter how well conceived and operated,
can provide only reasonable, not absolute, assurance that the objectives of the
control system are met. In addition, the design of a control system must reflect
the fact that there are resource constraints, and the benefits of controls must
be considered relative to their costs. Because of the inherent limitations in
all control systems, no evaluation of controls can provide absolute assurance
that all control issues and instances of fraud, if any, within a company have
been detected. These inherent limitations include the realities that judgments
in decision-making can be faulty, and that breakdowns can occur because of
simple error or mistake. Additionally, controls can be circumvented by the
individual acts of some persons, by collusion of two or more people or by management override of the control.

15

---

The design of
any systems of controls also is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions.
Because of these inherent limitations in a cost-effective control system,
misstatements due to error or fraud may occur and not be detected.

Item
4(t).                 Controls
and Procedures.

The information required pursuant to item 4(t) has been
provided in Item 4.

PART II. OTHER INFORMATION

Item
1.                     Legal
Proceedings

None.

Item
1(a)                
Risk Factors

There have been no changes to our risk factors from those
disclosed in our Form 10-K filed on January 26, 2010.

Item
2.                     Unregistered
Sales of Equity Securities

We did not issue any securities without registration pursuant
to the Securities Act of 1933 during the three months ended January 31,
2010.

Item
3.                     Defaults
Upon Senior Securities

None

Item
4.                     Submission
of Matters to a Vote of Securities Holders

No matters were submitted to our security holders for a vote
during the quarter of our fiscal year ending January 31, 2010.

Item
5.                     Other
Information

None.

16

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Item
6.                     Exhibits

Exhibit Number
      Description of Exhibit31.1
      Certification
          of Chief Executive Officer and Chief Financial Officer pursuant to 18
          U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-
          Oxley Act of 200232.1
      Certification
          of Chief Executive Officer and Chief Financial Officer pursuant to 18
          U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
          Oxley Act of 2002


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

SOMBRIO CAPITAL CORP.

|By: | /s/ Ken MacAlpine               
|--- | --------------------------------
|    |                                 
|    | Ken MacAlpine, President,       
|    | Chief Executive Officer and     
|    | Chief Financial Officer Director
|    |                                 
|    | Date: March 12, 2010            

17

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