---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended October 31, 2008

or

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

For the transition period from ________ to _________

Commission File Number 333-141328

KITCHER RESOURCES,
INC.(Exact name of registrant as specified in its
charter)

|Nevada                                                               | 20-8107485                       
|-------------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (IRS Employer Identification No.)
|                                                                     |                                  
|15thFloor, 654 Madison
      Avenue, New York, New York              | 10021                            
|(Address of principal executive offices)                             | (Zip Code)                       

917-796-9926(Registrants telephone number,
including area code)

N/A(Former name, former address and former
fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 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.[X] YES [ ] 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 and smaller reporting company in Rule 12b-2 of the
Exchange Act

|Large accelerated filer [ ] |                                               | Accelerated filer [ ]        
|--------------------------- | --------------------------------------------- | -----------------------------
|Non-accelerated filer [ ]   | (Do not check if a smaller reporting company) | 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[X] YES [ ] NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.[ ] YES [ ]
NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date. 30,000,000
common shares issued and outstanding as of December 16, 2008

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

---

|KITCHER RESOURCES INC.        
|------------------------------
|(An Exploration Stage Company)
|Balance Sheets                

|A S S E T S                                  |  
|-------------------------------------------- | -
|                                             |  
|                                             |  
|                                             |  
|                                             |  
|Current Assets                               |  
|                                             |  
|Cash                                         | $
|                                             |  
|                                             |  
|Total Assets                                 | $
|                                             |  
|                                             |  
|L I A B I L I T I E
      S                  |  
|                                             |  
|Current Liabilities                          |  
|Accounts Payable and Accrued                 |  
|Liabilities                                  | $
|                                             |  
|Total Current Liabilities                    |  
|                                             |  
|                                             |  
|                                             |  
|                                             |  
|S T O C K H O L D E R S ' E Q U I T
      Y  |  
|                                             |  
|Common Stock                                 |  
|75,000,000 authorized shares, par            |  
|value $.001                                  |  
|30,000,000 shares issued and                 |  
|outstanding                                  |  
|(January 31, 2008 - 30,000,000)              |  
|Additional paid in
      capital             |  
|Deficit accumulated
      during exploration |  
|stage                                        |  
|                                             |  
|Total Stockholders' Equity                   |  
|                                             |  
|Total Liabilities and Stockholders'          |  
|Equity                                       | $

See accompanying notes to financial statements

F-1

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|KITCHER RESOURCES INC         
|------------------------------
|(An Exploration Stage Company)
|Statements of Operations      
|(Unaudited)                   

|                                         |   |                  |   |   |              |   |   | Period from      |  
|---------------------------------------- | - | ---------------- | - | - | ------------ | - | - | ---------------- | -
|                                         |   |                  |   |   |              |   |   | December 26,     |  
|                                         |   |                  |   |   |              |   |   | 2006             |  
|                                         |   | Three Months     |   |   | Three Months |   |   | (Date of         |  
|                                         |   | Ended            |   |   | Ended        |   |   | inception) to    |  
|                                         |   |                  |   |   | October 31,  |   |   |                  |  
|                                         |   | October 31, 2008 |   |   | 2007         |   |   | October 31, 2008 |  
|Revenues:                                |   |                  |   |   |              |   |   |                  |  
|                                         |   |                  |   | $ |              |   | $ |                  |  
|Revenues                                 | $ | -                |   |   | -            |   |   | -                |  
|                                         |   |                  |   |   |              |   |   |                  |  
|Total Revenues                           |   | -                |   |   | -            |   |   | -                |  
|Expenses:                                |   |                  |   |   |              |   |   |                  |  
|Operating
      Expenses                 |   |                  |   |   |              |   |   |                  |  
|Exploration Expenses                     |   | -                |   |   | 5,000        |   |   | 10,000           |  
|Impairment of Mineral
      Property     |   | -                |   |   | -            |   |   | 1,262            |  
|General and Adminstrative                |   | 126              |   |   | 150          |   |   | 3,215            |  
|Professional Fees                        |   | 26,500           |   |   | 2,000        |   |   | 38,450           |  
|Transfer Agent/Regulatory/Filing         |   | 290              |   |   | 695          |   |   | 6,670            |  
|Total Expenses                           |   | 26,916           |   |   | 7,845        |   |   | 59,597           |  
|Net loss from Operations                 |   | (26,916          | ) |   | (7,845       | ) |   | (59,597          | )
|                                         |   |                  |   |   |              |   |   |                  |  
|Provision for Income Taxes:              |   | -                |   |   | -            |   |   | -                |  
|                                         |   |                  |   |   |              |   |   |                  |  
|                                         |   |                  |   |   |              |   |   |                  |  
|                                         | $ |                  |   | $ |              |   | $ |                  |  
|Net Income (Loss) for the period         |   | (26,916          | ) |   | (7,845       | ) |   | (59,597          | )
|                                         |   |                  |   |   |              |   |   |                  |  
|Basic and Diluted Earnings Per Common    |   |                  |   |   |              |   |   |                  |  
|Share                                    |   | (0.00            | ) |   | (0.00        | ) |   | (0.00            | )
|                                         |   |                  |   |   |              |   |   |                  |  
|Weighted Average number of Common Shares |   | 30,000,000       |   |   | 30,000,000   |   |   | 27,022,222       |  

See accompanying notes to financial statements

F-2

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|KITCHER RESOURCES INC.                                                     
|---------------------------------------------------------------------------
|(An Exploration Stage Company)                                             
|Statement of Stockholders' Equity                                          
|For the period from December 26, 2006 (inception) to
      October 31, 2008

|                                                            |  |            |  |   |                 |  |   |            |  |   | Deficit     |   |   |               |  
|----------------------------------------------------------- |  | ---------- |  | - | --------------- |  | - | ---------- |  | - | ----------- | - | - | ------------- | -
|                                                            |  |            |  |   |                 |  |   |            |  |   | Accumulated |   |   |               |  
|                                                            |  |            |  |   |                 |  |   | Additional |  |   | During      |   |   | Total         |  
|                                                            |  |            |  |   | $0.001          |  |   | Paid-In    |  |   | Exploration |   |   | Stockholders' |  
|                                                            |  | Shares     |  |   | Par
      Value |  |   | Capital    |  |   | Stage       |   |   | Equity        |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Balance, December 26, 2006 (Date of
      Inception)        |  | -          |  | $ | -               |  | $ | -          |  | $ | -           |   | $ | -             |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Stock Issued for cash at $0.001 per
      share on December |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|29, 2006                                                    |  | 20,000,000 |  |   | 20,000          |  |   | -          |  |   | -           |   |   | 20,000        |  
|Net loss for the period                                     |  | -          |  |   | -               |  |   | -          |  |   | (8,088      | ) |   | (8,088        | )
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Balance, January 31, 2007                                   |  | 20,000,000 |  |   | 20,000          |  |   | -          |  |   | (8,088      | ) |   | 11,912        |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Stock
      Issued for cash at $0.005 per share on July 9,  |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|2007                                                        |  | 10,000,000 |  |   | 10,000          |  |   | 40,000     |  |   | -           |   |   | 50,000        |  
|Net loss for the year                                       |  | -          |  |   | -               |  |   | -          |  |   | (16,970     | ) |   | (16,970       | )
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Balance, January 31, 2008                                   |  | 30,000,000 |  |   | 30,000          |  |   | 40,000     |  |   | (25,058     | ) |   | 44,942        |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Net loss for the period                                     |  | -          |  |   | -               |  |   | -          |  |   | (34,539     | ) |   | (34,539       | )
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|                                                            |  |            |  |   |                 |  |   |            |  |   |             |   |   |               |  
|Balance,October 31, 2008
      (Unaudited)                  |  | 30,000,000 |  | $ | 30,000          |  | $ | 40,000     |  | $ | (59,597     | ) | $ | 10,403        |  

See accompanying notes to financial statements

F-3

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|KITCHER RESOURCES INC         
|------------------------------
|(An Exploration Stage Company)
|Statements of Cash Flows      
|(Unaudited)                   

|                                                      |   |              |   |   |              |   |   | Period from         |  
|----------------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ------------------- | -
|                                                      |   |              |   |   |              |   |   | December 26, 2006   |  
|                                                      |   | Three Months |   |   | Three Months |   |   | (Date of inception) |  
|                                                      |   | Ended        |   |   | Ended        |   |   | to                  |  
|                                                      |   | October 31,  |   |   | October 31,  |   |   |                     |  
|                                                      |   | 2008         |   |   | 2007         |   |   | October 31, 2008    |  
|Operating Activities:                                 |   |              |   |   |              |   |   |                     |  
|Net (Loss)                                            | $ | (26,916      | ) | $ | (7,845       | ) | $ | (59,597             | )
|Adjustments to reconcile net loss to net cash used in |   |              |   |   |              |   |   |                     |  
|operating activities:                                 |   |              |   |   |              |   |   |                     |  
|Impairment of mineral property                        |   | -            |   |   | (225         | ) |   | 1,262               |  
|Accounts Payable                                      |   | (150         | ) |   | -            |   |   | -                   |  
|                                                      |   |              |   |   | -            |   |   | -                   |  
|Net Cash Used in from Operating Activities            |   | (27,066      | ) |   | (8,070       | ) |   | (58,335             | )
|Investing Activities:                                 |   |              |   |   |              |   |   |                     |  
|Mineral Property Acquisition                          |   | -            |   |   | -            |   |   | (1,262              | )
|Net Cash Used in Investing Activities                 |   | -            |   |   | -            |   |   | (1,262              | )
|Financing Activities:                                 |   |              |   |   |              |   |   |                     |  
|Common Stock issued for cash                          |   | -            |   |   | -            |   |   | 70,000              |  
|Advance (to) from Related Party                       |   | -            |   |   | -            |   |   | -                   |  
|Net Cash Provided by Financing Activities             |   | -            |   |   | -            |   |   | 70,000              |  
|                                                      |   |              |   |   |              |   |   |                     |  
|Net Increase in Cash                                  |   | (27,066      | ) |   | (8,070       | ) |   | 10,403              |  
|                                                      |   |              |   |   |              |   |   |                     |  
|Cash Balance, Begin Period                            |   | 37,469       |   |   | 54,901       |   |   | -                   |  
|                                                      | $ |              |   | $ |              |   | $ |                     |  
|Cash Balance, End Period                              |   | 10,403       |   |   | 46,831       |   |   | 10,403              |  
|Supplemental Information:                             |   |              |   |   |              |   |   |                     |  
|                                                      |   |              |   |   |              |   |   |                     |  
|Taxes paid                                            |   | -            |   |   | -            |   |   | -                   |  
|                                                      |   |              |   |   |              |   |   |                     |  
|Interest paid                                         |   | -            |   |   | -            |   |   | -                   |  

See accompanying notes to financial statements

F-4

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1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF
SIGNIFICANT POLICIES

DESCRIPTION OF BUSINESS AND HISTORY - Kitcher Resources Inc., a
Nevada corporation, (hereinafter referred to as the "Company" or "Kitcher
Resources ") was incorporated in the State of Nevada on December 26, 2006. The
Company was formed to engage in the acquisition, exploration and development of
natural resource properties. The Company acquired mineral claims during the
period ending July 31, 2008 for $1,262.

The Company's operations have been limited to general
administrative operations, and initial property staking and investigation, and
is considered to be an Exploration Stage Company in accordance with Statement of
Financial Accounting Standards No. 7.

The Company will review and further develop the accounting
policies as the business plan is implemented.

The Companys SB-2 registration statement that was initially
filed on March 25, 2007 with the Securities and Exchange Commission (SEC) in
order to raise an aggregate amount of $50,000 from the sale of 10,000,000 common
shares at $0.005 per share, was declared effective by the SEC on June 4, 2007.
The Company completed the offering as of July 9 2007 and raised $50,000 from the
sale of 10,000,000 common shares at $0.005 per share.

GOING CONCERN - The Company incurred net losses of
approximately $59,597 for the period from December 26, 2006 (Date of Inception)
through October 31, 2008 and has commenced limited operations, raising
substantial doubt about the Company's ability to continue as a going concern.
The Company will seek additional sources of capital through the issuance of debt
or equity financing, but there can be no assurance the Company will be
successful in accomplishing its objectives.

The ability of the Company to continue as a going concern is
dependent on additional sources of capital and the success of the Company's
plan. The financial statements do not include any adjustments that might be
necessary if the Company is unable to continue as a going concern.

YEAR END - The Company's year end is January 31.

USE OF ESTIMATES - The preparation of the financial statements
in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

F-5

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1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF
SIGNIFICANT POLICIES (continued)

INCOME TAXES - The Company accounts for its income taxes in
accordance with Financial Accounting Standards Board ("FASB") Statement of
Financial Accounting Standards ("SFAS") No. 109, which requires recognition of
deferred tax assets and liabilities for future tax consequences attributable to
differences between the financial statement carrying amounts of existing assets
and liabilities and their respective tax basis and tax credit carry forwards.
Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in operations in
the period that includes the enactment date.

The Company has net operating loss carryovers available to be
used for reducing future years taxable income. The Company has recorded a
valuation allowance for the full potential tax benefit of the operating loss
carryovers due to the uncertainty regarding realization.

NET LOSS PER COMMON SHARE - The Company computes net loss per
share in accordance with SFAS No. 128, Earnings per Share (SFAS 128) and SEC
Staff Accounting Bulletin No. 98 (SAB 98). Under the provisions of SFAS 128 and
SAB 98, basic net loss per share is computed by dividing the net loss available
to common stockholders for the period by the weighted average number of shares
of common stock outstanding during the period. The calculation of diluted net
loss per share gives effect to common stock equivalents; however, potential
common shares are excluded if their effect is anti-dilutive. For the period from
December 26, 2006 (Date of Inception) through July 31, 2008, the Company had no
potentially dilutive securities.

STOCK-BASED COMPENSATION - The Company has not adopted a stock
option plan and has not granted any stock options. Accordingly no stock-based
compensation has been recorded to date.

LONG-LIVED ASSETS - In accordance with FASB SFAS No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets", the carrying
value of intangible assets and other long-lived assets is reviewed on a regular
basis for the existence of facts or circumstances that may suggest impairment.
The Company recognizes impairment when the sum of the expected undiscounted
future cash flows is less than the carrying amount of the asset. Impairment
losses, if any, are measured as the excess of the carrying amount of the asset
over its estimated fair value.

F-6

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1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF
SIGNIFICANT POLICIES (continued)

MINERAL PROPERTY COSTS - The Company has been in the
exploration stage since its inception on December 26, 2006 and has not yet
realized any revenues from its planned operations, being the acquisition and
exploration of mining properties. Mineral property exploration costs are
expensed as incurred. Mineral property acquisition costs are initially
capitalized when incurred using the guidance in EITF 04-02, "Whether Mineral
Rights Are Tangible or Intangible Assets". The Company assesses the carrying
costs for impairment under SFAS No. 144, "Accounting for Impairment or Disposal
of Long Lived Assets" at each fiscal quarter end. When it has been determined
that a mineral property can be economically developed as a result of
establishing proven and probable reserves, the costs then incurred to develop
such property, are capitalized. Such costs will be amortized using the
units-of-production method over the estimated life of the probable reserve. If
mineral properties are subsequently abandoned or impaired, any capitalized costs
will be charged to operations.

RECENT ACCOUNTING PRONOUNCEMENTS

In February 2007, the Financial Accounting Standards Board
issued Statement of Financial Accounting Standards No. 159, The Fair Value
Option for Financial Assets and Financial Liabilities - Including an amendment
of FASB Statement No. 115 (SFAS No. 159). This statement permits entities
to choose to measure many financial instruments and certain other items at fair
value. The objective is to improve financial reporting by providing entities
with the opportunity to mitigate volatility in reported earnings cause by
measuring related assets and liabilities differently without having to apply
complex hedge accounting provisions. This Statement is expected to expand the
use of fair value measurement, which is consistent with the Boards long-term
measurement objectives for accounting for financial instruments. This statement
is effective as of the beginning of the Companys first fiscal year that begins
after November 15, 2007, although earlier adoption is permitted. As of July 31,
2008, the Company has not adopted this statement and management has not
determined the effect that adopting this statement would have on the Companys
financial position or results of operations.

In December 2007, the FASB issued SFAS No. 160,
Noncontrolling Interest in Consolidated Financial Statements, an amendment of
ARB No. 51 ("SFAS No. 160"), which will change the accounting and reporting
for minority interests, which will be recharacterized as noncontrolling
interests and classified as a component of equity within the consolidated
balance sheets. SFAS No. 160 is effective as of the beginning of an entitys
first fiscal year beginning on or after December 15, 2008. Earlier adoption is
prohibited. Management has not determined the effect that adopting this
statement would have on the Companys financial position or results of
operations.

F-7

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1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES (continued)

RECENT ACCOUNTING PRONOUNCEMENTS (continued)

In December 2007, the FASB issued SFAS No. 141 (Revised 2007),
Business Combinations(SFAS No. 141R). SFAS No. 141R will change the
accounting for business combinations. Under SFAS No. 141R, an acquiring entity
will be required to recognize all the assets acquired and liabilities assumed in
a transaction at the acquisition-date fair value with limited exceptions. SFAS
No. 141R will change the accounting treatment and disclosure for certain
specific items in a business combination. SFAS No. 141R applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the entitys first annual reporting period beginning on or after
December 15, 2008. Accordingly, any business combinations completed by the
Company prior to February 1, 2009 will be recorded and disclosed following
existing GAAP. Management has not determined the effect that adopting this
statement would have on the Companys financial position or results of
operations.

In September 2006, FASB issued SFAS No. 157, Fair Value
Measure (SFAS No. 157). This Statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting principles
(GAAP), expands disclosures about fair value measurements, and applies under
other accounting pronouncements that require or permit fair value measurements.
SFAS No. 157 does not require any new fair value measurements. However, the FASB
anticipates that for some entities, the application of SFAS No. 157 will change
current practice. SFAS No. 157 is effective for financial statements issued for
fiscal years beginning after November 15, 2007, which for the Company is the
fiscal year beginning February 1, 2008. The Company is currently evaluating the
impact of adopting SFAS No. 157 but does not expect that it will have a
significant effect on its financial position or results of operations.

In June 2006, FASB issued Interpretation No. 48, Accounting
for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109
(FIN 48). This Interpretation clarifies the accounting for uncertainty in
income taxes recognized in an enterprises financial statements in accordance
with FASB No. 109, Accounting for Income Taxes. This Interpretation
prescribes a recognition threshold and measurement attribute for the financial
statement recognition and measurement of a tax position taken or expected to be
taken in a tax return. This Interpretation also provides guidance on
derecognition, classification, interest and penalties, accounting in interim
periods, disclosure and transition. This Interpretation is effective for fiscal
years beginning after December 15, 2006. The Company has determined that the
adoption of Statement No. 158 did not have any material impact on the Companys
results of operations or financial position.

2. PROPERTY AND EQUIPMENT

As of October 31, 2008, the Company does not own any property
and/or equipment.

F-8

---

3. STOCKHOLDER'S EQUITY

The Company has 75,000,000 common shares authorized with a par
value of $0.001 per share.

A total of 30,000,000 shares of the Company's common stock have
been issued.

On December 29, 2006, 20,000,00 shares were issued to the
founding and sole director of the Company pursuant to a stock subscription
agreement at $0.001 per share for total proceeds of $20,000.

On July 9, 2007 10,000,000 shares of the Company's common stock
were issued at a price of $0.005 per share for gross proceeds of $50,000.

4. RELATED PARTY TRANSACTIONS

The Companys sole director was not paid for any underwriting
services that he performed on behalf of the Company with respect to the
Company's SB-2 prospectus offering.

As of October 31, 2008, there have been no other related party
transactions between the Company and any officers other than those mentioned
above.

5. STOCK OPTIONS

As of October 31, 2008, the Company does not have any stock
options outstanding, nor does it have any written or verbal agreements for the
issuance or distribution of stock options at any point in the future.

F-9

---

Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations.

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements.
These statements relate to future events or our future financial performance. In
some cases, you can identify forward-looking statements by terminology such as
"may", "should", "expects", "plans", "anticipates", "believes", "estimates",
"predicts", "potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only predictions and involve known
and unknown risks, uncertainties and other factors, that may cause our or our
industry's actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. Although
we believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. Except as required by applicable law, including the securities
laws of the United States, we do not intend to update any of the forward-looking
statements to conform these statements to actual results.

Our unaudited financial statements are stated in United States
Dollars (US$) and are prepared in accordance with United States Generally
Accepted Accounting Principles. The following discussion should be read in
conjunction with our financial statements and the related notes that appear
elsewhere in this quarterly report. The following discussion contains
forward-looking statements that reflect our plans, estimates and beliefs. Our
actual results could differ materially from those discussed in the forward
looking statements. Factors that could cause or contribute to such differences
include, but are not limited to, those discussed below and elsewhere in this
quarterly report.

In this quarterly report, unless otherwise specified, all
dollar amounts are expressed in United States dollars. All references to "US$"
refer to United States dollars and all references to "common shares" refer to
the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our"
and "our company" mean Kitcher Resources, Inc., unless otherwise indicated.

General Overview

We were incorporated pursuant to the laws of the State of
Nevada on December 26, 2006. Since our incorporation, we had been in the
business of the exploration and development of a mineral property consisting of
5 M.T.O. cells (totaling 5,446 acres) in southern British Columbia. Our property
was without known reserves and our program was exploratory in nature.

We commenced Phase I of our exploration work on the claim in
mid-November 2007. The completed fieldwork of the Phase I exploration program do
not appear to indicate an economically viable mineral deposit. Our management
decided to decrease our mineral property holdings in southern British Columbia
from 5,446 acres to 3,020 acres. We currently hold 59 Mineral Title Grid Units
comprising 3,020 acres under Tenure Numbers 583207, 583211, 583215 and
583203.

Our management is currently evaluating other potential business
opportunities that might be available to our company. Our management will begin
analyzing various alternatives available to our company to ensure our survival
and to preserve our shareholder's investment in our common shares. This analysis
will include sourcing additional forms of financing to continue in mineral
exploration, or mergers and/or acquisitions. At this stage in our operations, we
believe either course is acceptable, as our operations have not been profitable
and our future prospects for our original business are not good.

2

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Results of Operations

Three month Summary ending October 31, 2008 and 2007

Three Months EndedOctober 312008
    
    
    2007Revenue
    $
    Nil
    
    $
    NilOperating Expenses
    $
    26,916
    
    $
    7,845Net Loss
    $
    (26,916
    )
    $
    (7,845
    )


Expenses

Our operating expenses for the three month periods ended
October 31, 2008 and 2007 are outlined in the table below:

Three Months EndedOctober 312008
    
    
    2007Exploration Expenses
    $
    Nil
    
    $
    5,000Impairment of Mineral
    $
    Nil
    
    $
    NilPropertyGeneral and Administrative
    $
    126
    
    $
    150Professional Fees
    $
    26,500
    
    $
    2,000Transfer
    $
    290
    
    $
    695Agent/Regulatory/Filing Fees


Operating expenses for the three months ended October 31, 2008,
increased by 243.01% as compared to the comparative period in 2007 primarily as
a result of an increase in research and development fees.

Revenue

We have not earned any revenues since our inception and we do
not anticipate earning revenues in the upcoming quarter.

Liquidity and Financial Condition

Working CapitalAt October
    
    
    At January
    
    
    Increase/Decrease31, 2008
    
    
    31, 2008Current Assets
    $
    10,403
    
    $
    46,148
    
    $
    (35,745
    )Current Liabilities
    $
    Nil
    
    $
    1,206
    
    $
    (1,206
    )Working Capital
    $
    10,403
    
    $
    44,942
    
    $
    (34,539
    )


Cash FlowsAt October
    
    
    At October31, 2008
    
    
    31, 2007Net Cash Provided by (Used in) Operating
      Activities
    $
    (27,066
    )
    $
    (8,070
    )Net Cash Provided by (Used In) Investing Activities
    $
    Nil
    
    $
    NilNet Cash Provided by Financing Activities
    $
    Nil
    
    $
    NilIncrease In Cash During The Period
    $
    (27,066
    )
    $
    (8,070
    )


3

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As of October 31, 2008, our company had working capital of
$10,403. We plan to raise additional capital required to meet immediate
short-term needs and to meet the balance of our estimated funding requirements
for the twelve months, primarily through the private placement of our
securities.

We are not aware of any known trends, demands, commitments,
events or uncertainties that will result in or that are reasonably likely to
result in our liquidity increasing or decreasing in any material way.

Future Financings

We will require additional financing in order to enable us to
proceed with our product development program. There is no assurance that any
party will advance additional funds to us in order to enable us to sustain our
plan of operations. We anticipate continuing to rely on equity sales of our
common stock in order to continue to fund our business operations. Issuances of
additional shares will result in dilution to our existing stockholders. There is
no assurance that we will achieve any additional sales of our equity securities
or arrange for debt or other financing to fund our planned business
activities.

We presently do not have any arrangements for additional
financing and no potential lines of credit or sources of financing are currently
available for the purpose of proceeding with our plan of operations.

Contractual Obligations

As a smaller reporting company, we are not required to
provide tabular disclosure obligations.

Going Concern

We anticipate that additional funding will be required in the
form of equity financing from the sale of our common stock. At this time, we
cannot provide investors with any assurance that we will be able to raise
sufficient funding from the sale of our common stock or through a loan from our
directors to meet our obligations over the next twelve months. We do not have
any arrangements in place for any future debt or equity financing.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that is material to
stockholders.

Critical Accounting Policies

The discussion and analysis of our financial condition and
results of operations are based upon our financial statements, which have been
prepared in accordance with the accounting principles generally accepted in the
United States of America. Preparing financial statements requires management to
make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenue, and expenses. These estimates and assumptions are affected
by managements application of accounting policies. We believe that
understanding the basis and nature of the estimates and assumptions involved
with the following aspects of our financial statements is critical to an
understanding of our financial statements.

USE OF ESTIMATES - The preparation of the financial statements
in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

INCOME TAXES - The Company accounts for its income taxes in
accordance with Financial Accounting Standards Board ("FASB") Statement of
Financial Accounting Standards ("SFAS") No. 109, which requires recognition of
deferred tax assets and liabilities for future tax consequences attributable to
differences between the financial

4

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statement carrying amounts of existing assets and liabilities
and their respective tax basis and tax credit carry forwards. Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled. The effect on deferred tax assets and liabilities of a
change in tax rates is recognized in operations in the period that includes the
enactment date.

The Company has net operating loss carryovers available to be
used for reducing future years taxable income. The Company has recorded a
valuation allowance for the full potential tax benefit of the operating loss
carryovers due to the uncertainty regarding realization.

NET LOSS PER COMMON SHARE - The Company computes net loss per
share in accordance with SFAS No. 128, Earnings per Share (SFAS 128) and SEC
Staff Accounting Bulletin No. 98 (SAB 98). Under the provisions of SFAS 128 and
SAB 98, basic net loss per share is computed by dividing the net loss available
to common stockholders for the period by the weighted average number of shares
of common stock outstanding during the period. The calculation of diluted net
loss per share gives effect to common stock equivalents; however, potential
common shares are excluded if their effect is anti-dilutive. For the period from
December 26, 2006 (Date of Inception) through July 31, 2008, the Company had no
potentially dilutive securities.

STOCK-BASED COMPENSATION - The Company has not adopted a stock
option plan and has not granted any stock options. Accordingly no stock-based
compensation has been recorded to date.

LONG-LIVED ASSETS - In accordance with FASB SFAS No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets", the carrying
value of intangible assets and other long-lived assets is reviewed on a regular
basis for the existence of facts or circumstances that may suggest impairment.
The Company recognizes impairment when the sum of the expected undiscounted
future cash flows is less than the carrying amount of the asset. Impairment
losses, if any, are measured as the excess of the carrying amount of the asset
over its estimated fair value.

MINERAL PROPERTY COSTS - The Company has been in the
exploration stage since its inception on December 26, 2006 and has not yet
realized any revenues from its planned operations, being the acquisition and
exploration of mining properties. Mineral property exploration costs are
expensed as incurred. Mineral property acquisition costs are initially
capitalized when incurred using the guidance in EITF 04-02, "Whether Mineral
Rights Are Tangible or Intangible Assets". The Company assesses the carrying
costs for impairment under SFAS No. 144, "Accounting for Impairment or Disposal
of Long Lived Assets" at each fiscal quarter end. When it has been determined
that a mineral property can be economically developed as a result of
establishing proven and probable reserves, the costs then incurred to develop
such property, are capitalized. Such costs will be amortized using the
units-of-production method over the estimated life of the probable reserve. If
mineral properties are subsequently abandoned or impaired, any capitalized costs
will be charged to operations.

Item 3. Quantitative Disclosures About Market Risks

As a smaller reporting company, we are not required to
provide the information required by this Item.

Item 4T. Controls and Procedures.

Managements Report on Disclosure Controls and
Procedures

We maintain disclosure controls and procedures that are
designed to ensure that information required to be disclosed in our reports
filed under the Securities Exchange Act of 1934, as amended, is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms, and that such information
is accumulated and communicated to our management, including our president (who
is acting as our principal executive officer, principal financial officer and
principal accounting officer) to allow for timely decisions regarding required
disclosure.

As of October 31, 2008, the end of our quarter covered by this
report, we carried out an evaluation, under the supervision and with the
participation of our president (who is acting as our principal executive
officer, principal

5

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financial officer and principal accounting officer), of the
effectiveness of the design and operation of our disclosure controls and
procedures. Based on the foregoing, our president (who is acting as our
principal executive officer, principal financial officer and principal
accounting officer) concluded that our disclosure controls and procedures were
effective as of the end of the period covered by this quarterly report.

Managements Report on Internal Control over Financial
Reporting

Our management is responsible for establishing and maintaining
adequate internal control over financial reporting. Responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of control procedures. The objectives of internal control include
providing management with reasonable, but not absolute, assurance that assets
are safeguarded against loss from unauthorized use or disposition, and that
transactions are executed in accordance with managements authorization and
recorded properly to permit the preparation of consolidated financial statements
in conformity with accounting principles generally accepted in the United
States. Our management assessed the effectiveness of our internal control over
financial reporting as of October 31, 2008. In making this assessment, our
management used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal
Control-Integrated Framework. Our management has concluded that, as of
October 31, 2008, our internal control over financial reporting is effective in
providing reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with US generally accepted accounting principles. Our management reviewed the
results of their assessment with our Board of Directors.

Inherent limitations on effectiveness of
controls

Internal control over financial reporting has inherent
limitations which include but is not limited to the use of independent
professionals for advice and guidance, interpretation of existing and/or
changing rules and principles, segregation of management duties, scale of
organization, and personnel factors. Internal control over financial reporting
is a process which involves human diligence and compliance and is subject to
lapses in judgment and breakdowns resulting from human failures. Internal
control over financial reporting also can be circumvented by collusion or
improper management override. Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements on a
timely basis, however these inherent limitations are known features of the
financial reporting process and it is possible to design into the process
safeguards to reduce, though not eliminate, this risk. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.

Changes in Internal Control over Financial
Reporting

There have been no significant changes in our internal controls
over financial reporting that occurred during the quarter ended October 31, 2008
that have materially or are reasonably likely to materially affect, our internal
controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We know of no material, existing or pending legal proceedings
against our company, nor are we involved as a plaintiff in any material
proceeding or pending litigation. There are no proceedings in which any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

Much of the information included in this quarterly report
includes or is based upon estimates, projections or other "forward looking
statements". Such forward looking statements include any projections or
estimates made by us and

6

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our management in connection with our business operations.
While these forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment regarding the
direction of our business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections, assumptions or other
future performance suggested herein.

Such estimates, projections or other "forward looking
statements" involve various risks and uncertainties as outlined below. We
caution the reader that important factors in some cases have affected and, in
the future, could materially affect actual results and cause actual results to
differ materially from the results expressed in any such estimates, projections
or other "forward looking statements".

Our common shares are considered speculative during the
development of our new business operations. Prospective investors should
consider carefully the risk factors set out below.

Because our auditors have issued a going concern opinion,
there is substantial uncertainty we will continue activities in which case you
could lose your investment.

Our auditors have issued a going concern opinion. This means
that there is substantial doubt that we can continue as an ongoing business for
the next twelve months. As such we may have to cease activities and you could
lose your investment.

Because the probability of an individual prospect ever
having reserves is extremely remote, any funds spent on exploration will
probably be lost.

The probability of an individual prospect ever having reserves
is extremely remote. In all probability, the property does not contain any
reserves. As such, any funds spent on exploration will probably be lost which
will result in a loss of your investment.

We lack an operating history and have losses which we expect
to continue into the future. As a result, we may have to suspend or cease
activities.

We were incorporated in December 26, 2006 and have not realized
any revenues. We have no operating history upon which an evaluation of our
future success or failure can be made. Our net loss from inception to October
31, 2008 is $59,597. Our ability to achieve and maintain profitability and
positive cash flow is dependent upon:

- our ability to locate a profitable mineral property
- our ability to generate revenues
- our ability to reduce exploration costs.

Based upon current plans, we expect to incur operating losses
in future periods. This will happen because there are expenses associated with
the research and exploration of our mineral properties. As a result, we may not
generate revenues in the future. Failure to generate revenues will cause us to
suspend or cease activities.

Because we will have to spend additional funds to determine
if we have a reserve, if we can't raise the money we will have to cease
operations and you could lose your investment.

Even if we complete our current exploration programs and are
successful in identifying a mineral deposit, we will have to spend substantial
funds on further drilling and engineering studies before we will know if we have
a commercially viable mineral deposit, a reserve.

Because we are small and do not have much capital, we may
have to limit our exploration activity which may result in a loss of your
investment.

Because we are small and do not have much capital, we must
limit our exploration activity. As such we may not be able to complete an
exploration program that is as thorough as we would like. In that event, an
existing reserve may go undiscovered. Without a reserve, we cannot generate
revenues and you will lose your investment.

7

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We may not have access to all of the supplies and materials
we need to begin exploration which could cause us to delay or suspend
activities.

Competition and unforeseen limited sources of supplies in the
industry could result in occasional spot shortages of supplies, such as
dynamite, and certain equipment such as bulldozers and excavators that we might
need to conduct exploration. We have not attempted to locate or negotiate with
any suppliers of products, equipment or materials. If we cannot find the
products and equipment we need, we will have to suspend our exploration plans
until we do find the products and equipment we need.

Our management is currently seeking out potential business
opportunities and there are numerous risks associated with any potential
business opportunity.

We intend to use reasonable efforts to acquire or complete
potential business opportunities that our management determines is in the best
interests of our shareholders. Such combinations will be accompanied by risks
commonly encountered in acquisitions. Failure to manage and successfully
integrate acquisitions we make could harm our business, our strategy and our
operating results in a material way.

Trading in our common shares on the OTC Bulletin Board is
limited and sporadic making it difficult for our shareholders to sell their
shares or liquidate their investments.

Our common shares are currently listed for public trading on
the OTC Bulletin Board. The trading price of our common shares has been subject
to wide fluctuations. Trading prices of our common shares may fluctuate in
response to a number of factors, many of which will be beyond our control. The
stock market has generally experienced extreme price and volume fluctuations
that have often been unrelated or disproportionate to the operating performance
of companies with no current business operation. There can be no assurance that
trading prices and price earnings ratios previously experienced by our common
shares will be matched or maintained. These broad market and industry factors
may adversely affect the market price of our common shares, regardless of our
operating performance.

In the past, following periods of volatility in the market
price of a companys securities, securities class-action litigation has often
been instituted. Such litigation, if instituted, could result in substantial
costs for us and a diversion of managements attention and resources.

Our stock is a penny stock. Trading of our stock may be
restricted by the SECs penny stock regulations which may limit a stockholders
ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange
Commission has adopted Rule 15g-9 which generally defines penny stock to be
any equity security that has a market price (as defined) less than $5.00 per
share or an exercise price of less than $5.00 per share, subject to certain
exceptions. Our securities are covered by the penny stock rules, which impose
additional sales practice requirements on broker-dealers who sell to persons
other than established customers and accredited investors. The term
accredited investor refers generally to institutions with assets in excess of
$5,000,000 or individuals with a net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock
rules require a broker-dealer, prior to a transaction in a penny stock not
otherwise exempt from the rules, to deliver a standardized risk disclosure
document in a form prepared by the SEC which provides information about penny
stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
salesperson in the transaction and monthly account statements showing the market
value of each penny stock held in the customers account. The bid and offer
quotations, and the broker-dealer and salesperson compensation information, must
be given to the customer orally or in writing prior to effecting the transaction
and must be given to the customer in writing before or with the customers
confirmation. In addition, the penny stock rules require that prior to a
transaction in a penny stock not otherwise exempt from these rules, the
broker-dealer must make a special written determination that the penny stock is
a suitable investment for the purchaser and receive the purchasers written
agreement to the transaction. These disclosure requirements may have the effect
of reducing the level of trading activity in the secondary market for the stock
that is subject to these penny stock rules. Consequently, these penny stock
rules may affect the ability of broker-dealers to trade our

8

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securities. We believe that the penny stock rules discourage
investor interest in and limit the marketability of our common stock.

The Financial Industry Regulatory Authority, or FINRA, has
adopted sales practice requirements which may also limit a stockholder's ability
to buy and sell our stock.

In addition to the "penny stock" rules described above, FINRA
has adopted rules that require that in recommending an investment to a customer,
a broker-dealer must have reasonable grounds for believing that the investment
is suitable for that customer. Prior to recommending speculative low priced
securities to their non-institutional customers, broker-dealers must make
reasonable efforts to obtain information about the customer's financial status,
tax status, investment objectives and other information. Under interpretations
of these rules, FINRA believes that there is a high probability that speculative
low priced securities will not be suitable for at least some customers. FINRA
requirements make it more difficult for broker-dealers to recommend that their
customers buy our common stock, which may limit your ability to buy and sell our
stock and have an adverse effect on the market for our shares.

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

None.

Item 3. Defaults Upon Senior Securities.

None.

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

None.

Item 5. Other Information

None.

Item 6. Exhibits.

Exhibits required by Item 601 of Regulation S-K

|Exhibit |                                                                                                                                                                                                        
|------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description                                                                                                                                                                                            
|        |                                                                                                                                                                                                        
|3.1(2)  | Articles of Incorporation (incorporated
      by reference from our Registration Statement on Form SB-2 filed on March
      15, 2007).                                                                
|        |                                                                                                                                                                                                        
|3.2(1)  | Bylaws (incorporated by reference
      from our Registration Statement on Form SB-2 filed on March 15, 2007).                                                                                         
|        |                                                                                                                                                                                                        
|31.1*   | Certification
      of Principal Executive Officer and Principal Financial Officer filed pursuant
      to Section 302 of the Sarbanes-Oxley Act of 2002                                               
|        |                                                                                                                                                                                                        
|32.1*   | Certification
      of Principal Executive Officer and Principal Financial Officer pursuant
      to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
      Act of 2002

* Filed herewith

9

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

KITCHER RESOURCES, INC.

|By: | /s/ *Seth Shaw*                                                             | 
|--- | --------------------------------------------------------------------------- | 
|    | Seth Shaw                                                                   | 
|    | President, Secretary, Treasurer,
      Chief Financial Officer and Director | 
|    | (Principal Executive Officer,
      Principal Financial Officer and         | 
|    | Principal Accounting Officer)                                               | 
|    | Date: December 22, 2008                                                     | 

10

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