UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-QSB



[X]  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



For the period ended January 31, 2008



[   ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934



For the transition period __________________ to ________________



Commission File Number   333-143694





BLUE MOUNTAIN RESOURCES INC.

(Exact name of small Business Issuer as specified in its charter)





Nevada98-0550407(State or other jurisdiction of(IRS Employer Identification No.)incorporation or organization)




812D 16 Avenue SW,Calgary, Alberta, CanadaT2R OS9(Address of principal executive offices)(Postal or Zip Code)






Issuers telephone number, including area code:=(403) 802-2800





None

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





Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days

Yes  [X]   No  [   ]



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



State the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date:5,400,000 Shares of $0.001 par value Common Stock outstanding as of March 7, 2008.







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BLUE MOUNTAIN RESOURCES, INC.



(An Exploration Stage Company)



FINANCIAL STATEMENTS



JANUARY 31, 2008



(Unaudited)















BALANCE SHEETS



STATEMENTS OF OPERATIONS



STATEMENT OF STOCKHOLDERS EQUITY



STATEMENTS OF CASH FLOWS



NOTES TO THE FINANCIAL STATEMENTS

















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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Balance Sheets

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January 31,October 31,Assets20082007(Unaudited)
	(Audited)Current AssetsCash
	$
	3,692
	$
	1,228Total Assets$3,692$2,118Liabilities and Stockholders EquityCurrent LiabilitiesAccounts payable and accrued liabilities
	$
	5,561
	$
	1,291Loans from related parties
	
	10,329
	
	5,500Total Current Liabilities
	
	15,890
	
	6,791Stockholders EquityCapital stockAuthorized:
`75,000,000 common shares with a par value of $0.001`Issued and outstanding:5,400,000 common shares
	5,400
	5,400Additional paid-in-capital17,10017,100Deficit accumulated during the exploration stage
	(34,698)
	(28,063)Total stockholders equity
	
	(12,198)
	
	(5,563)Total liabilities and stockholders equity
	$
	3,692
	$
	1,228Nature and continuance of operations(Note 1)








The accompanying notes are an integral part of the financial statements.





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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Statements of Operations

(Unaudited)

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ExpensesThree Months
	Ended
	January 31,
	2008Three Months
	Ended
	January 31,
	2007Cumulative
`from
March 17,
2006
	 (Inception) to
January 31, 2008`Bank charges and interest$               36$               20$             204Filing and transfer agent fees571-7,867Mineral properties-10,00010,393Office expenses28-692Professional fees6,000-
	15,542Net loss$          6,635$        10,020
	$        34,698Loss per share  Basic and diluted$(0.00)$(0.00)Weighted Average Number of Common Shares Outstanding`5,400,000``4,900,000`










The accompanying notes are an integral part of the financial statements.





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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Statement of Stockholders' Equity

(Unaudited)

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Number of
`Common
Shares`Par
`Value`Additional
`Paid-in-
Capital`Deficit
`accumulated
During the 

exploration
 stage`TotalBalance, March 17, 2006-$          -$              -$                -$           -April 22, 2006Subscribed for cash at $0.001500,000500--500May 3, 2006
	-Subscribed for cash at $0.0012,700,0002,700--2,700May 30, 2006
	-Subscribed for cash at $0.001300,000300-
	300July 31, 2006Subscribed for cash at $0.01
	1,900,000
	1,90017,100
	19,000Balance, October 31, 20065,400,000$    5,400`$    17,100``$          (822)`Net loss
	
	
	`(27,241)`
	`(27,241)`Balance, October 31, 20075,400,000$    5,400`$    17,100``$     (28.063)`
	`$   (5,563)`Net loss
	
	
	`(6,635)`
	`(6,635)`Balance, January 31, 2008
	5,400,000
	$    5,400`$    17,100`
	`$     (34,698)`
	`$ (12,198)`












The accompanying notes are an integral part of the financial statements.





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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Statements of Cash Flows

(Unaudited)

---





Three Months
`Ended 

January 31, 

2008`Three Months
`Ended 

January 31, 

2007`Cumulative
`from
March 17,
2006 

(Inception) to
January 31, 

2008`Cash flows from operating activitiesNet loss$        (6,635)$        (10,020)$
`(34,698)`Adjustments to reconcile net loss to net cashAccounts payable and accrued liabilities4,270-5,561`Net cash used in operations`
	`(2,365)`
	`(10,020)`
	`(29,137)`Cash flows from financing activitiesLoans from related party4,829-10,329Shares subscribed for cash--22,500`Net cash provided by financing activities`
	`4,829`
	`-`
	`32,829`Net increase (decrease) in cash
	2,464
	(10,020)
	3,692Cash beginning1,22821,678-`Cash (overdraft) ending`
	`$             3,692`
	`$           11,658`
	`$               3,692`Supplemental cash flow information:Cash paid for:Interest---Taxes
	-
	-
	-








The accompanying notes are an integral part of the financial statements.





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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Notes To The Financial Statements

January 31, 2008

(Unaudited)

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1. NATURE AND CONTINUANCE OF OPERATIONS



Blue Mountain Resources, Inc. (the Company) was incorporated under the laws of State of Nevada, U.S. on March 17, 2006, with an authorized capital of 75,000,000 common shares with a par value of $0.001.  The Companys year end is the end of October.  The Company is in the exploration stage of its resource business.  During the year ended October 31, 2006, the Company commenced operations by issuing shares and acquiring a mineral property located in the Province of British Columbia, Canada.  The Company has not yet determined whether this property contains reserves that are economically recoverable.  The recoverability of costs incurred for acquisition and exploration of the property will be dependent upon the discovery of economically recoverable reserves, confirmation of the Companys interest in the underlying property, the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and to complete the development of the property and upon future profitable production or proceeds for the sale thereof.



These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred losses since inception resulting in an accumulated deficit of $34,698 as at January 31, 2008 and further losses are anticipated in the development of its business raising substantial doubt about the Companys ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock.



2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis of Presentation



The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.



Exploration Stage Company



The Company complies with the Financial Accounting Standards Board Statement No. 7, its characterization of the Company as an exploration stage enterprise.





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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Notes To The Financial Statements

January 31, 2008

(Unaudited)

---



2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)



Mineral Interests



Mineral property acquisition, exploration and development costs are expensed as incurred until such time as economic reserves are quantified.  To date the Company has not established any proven or probable reserves on its mineral properties.  The Company has adopted the provisions of SFAS No. 143 Accounting for Asset Retirement Obligations which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment, or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at January 31, 2008, any potential costs relating to the retirement of the Companys mineral property interest has not yet been determined.



Use of Estimates and Assumptions



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



Foreign Currency Translation



The financial statements are presented in United States dollars.  In accordance with Statement of Financial Accounting Standards No. 52, Foreign Currency Translation, foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Non monetary assets and liabilities are translated at the exchange rates prevailing on the transaction date. Revenue and expenses are translated at average rates of exchange during the year.  Gains or losses resulting from foreign currency transactions are included in results of operations.



Fair Value of Financial Instruments



The carrying value of cash and accounts payable and accrued liabilities approximates their fair value because of the short maturity of these instruments.  Unless otherwise noted, it is managements opinion the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.



Environmental Costs



Environmental expenditures that relate to current operations are expensed or capitalized as appropriate.  Expenditures that relate to an existing condition caused by past operations, and which do not contribute to current or future revenue generation, are expensed.  Liabilities are recorded when environmental assessments and/or remedial efforts are probable, and the cost can be reasonably estimated.  Generally, the timing of these accruals coincides with the earlier of completion of a feasibility study or the Companys commitments to plan of action based on the then known facts.



Income Taxes



The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.



At January 31, 2008, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.



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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Notes To The Financial Statements

January 31, 2008

(Unaudited)

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2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)



Basic and Diluted Loss Per Share



The Company computes loss per share in accordance with SFAS No. 128, Earnings per Share which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.



The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.



Stock-based Compensation



In December 2004, the FASB issued SFAS No. 123R, Share-Based Payment, which replaced SFAS No. 123, Accounting for Stock-Based Compensation and superseded APB Opinion No. 25, Accounting for Stock Issued to Employees. In January 2005, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) No. 107, Share-Based Payment, which provides supplemental implementation guidance for SFAS No. 123R. SFAS No. 123R requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. SFAS No. 123R was to be effective for interim or annual reporting periods beginning on or after June 15, 2005, but in April 2005 the SEC issued a rule that will permit most registrants to implement SFAS No. 123R at the beginning of their next fiscal year, instead of the next reporting period as required by SFAS No. 123R. The pro-forma disclosures previously permitted under SFAS No. 123 no longer will be an alternative to financial statement recognition. Under SFAS No. 123R, the Company must determine the appropriate fair value model to be used for valuing share-based payments, the amortization method for compensation cost and the transition method to be used at date of adoption.



The transition methods include prospective and retroactive adoption options. Under the retroactive options, prior periods may be restated either as of the beginning of the year of adoption or for all periods presented. The prospective method requires that compensation expense be recorded for all unvested stock options and restricted stock at the beginning of the first quarter of adoption of SFAS No. 123R, while the retroactive methods would record compensation expense for all unvested stock options and restricted stock beginning with the first period restated. The Company adopted the modified prospective approach of SFAS No. 123R for the year ended October 31, 2006. The Company did not record any compensation expense for the period ended January 31, 2008 because there were no stock options outstanding prior to the adoption or at January 31, 2008.



Recent Accounting Pronouncements



In February 2006, the FASB issued SFAS No. 155, Accounting for Certain Hybrid Financial Instruments-an amendment of FASB Statements No. 133 and 140, to simplify and make more consistent the accounting for certain financial instruments. SFAS No. 155 amends SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities, to permit fair value re-measurement for any hybrid financial instrument with an embedded derivative that otherwise would require bifurcation, provided that the whole instrument is accounted for on a fair value basis. SFAS No. 155 amends SFAS No. 140, Accounting for the Impairment or Disposal of Long-Lived Assets, to allow a qualifying special-purpose entity to hold a derivative financial instrument that pertains to a beneficial interest other than another derivative financial instrument. SFAS No. 155 applies to all financial instruments acquired or issued after the beginning of an entity's first fiscal year that begins after September 15, 2006, with earlier application allowed. This standard is not expected to have a significant effect on the Companys future reported financial position or results of operations.



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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Notes To The Financial Statements

January 31, 2008

(Unaudited)

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2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)



In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of Financial Assets, an amendment of FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities". This statement requires all separately recognized servicing assets and servicing liabilities be initially measured at fair value, if practicable, and permits for subsequent measurement using either fair value measurement with changes in fair value reflected in earnings or the amortization and impairment requirements of Statement No. 140. The subsequent measurement of separately recognized servicing assets and servicing liabilities at fair value eliminates the necessity for entities that manage the risks inherent in servicing assets and servicing liabilities with derivatives to qualify for hedge accounting treatment and eliminates the characterization of declines in fair value as impairments or direct write-downs. SFAS No. 156 is effective for an entity's first fiscal year beginning after September 15, 2006.  This adoption of this statement is not expected to have a significant effect on the Companys future reported financial position or results of operations.



3.  MINERAL INTERESTS



On July 20, 2006, the Company entered into a mineral property option Agreement.  The Company was granted the sole and exclusive right to acquire up to a 100% undivided interest in mineral claim located in the Omineca Mining Division, BC.  The Company shall pay $5,000 on the Agreement date (paid), shall pay $25,000 on or before the first anniversary of this Agreement, shall pay $70,000 on or before the second anniversary of this Agreement, shall pay $250,000 on or before the third anniversary of this Agreement, and shall pay $350,000 on or before the fourth anniversary of this Agreement and shall incur $1,445,000 in Expenditures on the Property ($5,000 has been paid).



On July 30, 2007, the Company entered into Property Option Agreement Amendment and was granted a six months extension of time to make the $25,000 payment on the first anniversary of The Agreement, and a six months extension to incur the $250,000 in expenditures required to made by August 31, 2007.



The mineral interest is held in trust for the Company by the vendor of the property. Upon request from the Company the title will be recorded in the name of the Company with the appropriate mining recorder.



4.  COMMON STOCK



The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of one tenth of one cent ($0.001) per share and no other class of shares is authorized.



During the year ended October 31, 2006, the Company issued 5,400,000 shares of common stock for total cash proceeds of $22,500. At January 31, 2008 there were no outstanding stock options or warrants.



5.  INCOME TAXES



As of January 31, 2008, the Company had net operating loss carry forwards of approximately $34,698 that may be available to reduce future years taxable income through 2027. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.



6.  TRANSFER AGENT AGREEMENT



The Company entered into an Agreement with Island Capital Management, LLC and Island Stock Transfer.  The Company agreed to pay $5,000 initially and $10,000 once the account has been activated for transferring securities



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BLUE MOUNTAIN RESOURCES, INC.

(An Exploration Stage Company)

Notes To The Financial Statements

January 31, 2008

(Unaudited)

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7.  LOANS FROM RELATED PARTIES



The Company has a balance of  loans from related parties of $10,329 as at January 31, 2008 is unsecured, bearing no interest, without terms of repayments.



































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Forward-Looking Statements



This Form 10-QSB includes "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.  Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.



All statements other than historical facts included in this Form, including without limitation, statements under "Plan of Operation", regarding our financial position, business strategy, and plans and objectives of management for the future operations, are forward-looking statements.



Although we believe that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.  Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, market conditions, competition and the ability to successfully complete financing.



Item 2. Plan of Operation



Our original intention was to commence operations as an exploration stage company. We intended to engage in the acquisition and exploration of mineral properties with a view to exploiting any mineral deposits we discovered that demonstrated economic feasibility.



On July 20, 2006, we entered into an agreement with Robert Weicker of Cocquitlam, BC, wherein he granted us the sole and exclusive option to acquire a 100% interest in the Silver Vista property which is located 57 kilometres northeast of Smithers, BC, Canada, and 5 kilometres west of the northwest arm of Babine Lake, in west central British Columbia, Canada. We purchased this Option from Robert for a cash payment of $5,000. In order to exercise this option and acquire these claims we needed to pay Mr. Robert Weiker further cash payments totaling $695,000 as follows;



1. $25,000 by the earlier of January 20, 2008 and that date which is forty-eight (48) hours after receiving notice from Mr. Weicker that said payment must be made forthwith, provided that said notice cannot be given, at the earliest, until after August 27, 2007;

2.  $70,000 by July 20, 2008;

3.  $250,000 by July 20, 2009; and

4.  $350,000 by July 20, 2010.



and incur $1,455,000 in exploration expenditures as follows:



1. $250,000 by the earlier of February 29, 2008 and that date which is forty-eight (48) hours after receiving notice from Mr. Weicker that said payment must be made forthwith, provided that said notice cannot be given, at the earliest, until after August 27, 2007;

2.  $250,000 by August 31, 2008;

3.  $455,000 by August 31, 2009; and

4.  $500,000 by August 31, 2010.



It was agreed that if we failed to make the additional payments above-noted, or if we failed to make the required exploration expenditures, our option to acquire the 100% interest in the property would terminate and we would not own any further interest in the property.



On November 28, 2007 Mr. Weicker gave us notice that the $25,000 payment that otherwise would have been payable on January 20, 2008 must be made within forty-eight (48) hours, as he was permitted to do. We did not make this payment to Mr. Weicker, and our option on the Silver Vista property therefore expired.



It is our intention to review acquisitions in the resource sector. We are currently searching for other properties that we can acquire, either outright, or by optioning same, but we have not had any success in this regard at of yet.



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We are also considering the possibility of exploring other business plans in the non-resource sector that might be suitable for us, but, as of yet, we have not made any determination of what might be appropriate, or even possible, in this regard.



We anticipate spending the following over the next 12 months on administrative fees:



*         $5,000 on legal fees

*         $7,500 on accounting and audit fees

*         $500 on EDGAR filing fees

*         $2,000 on general administration costs



In addition we expect that reviews of new business plans and, or resource properties could cost us a total of $25,000 in the next 12 months.



Total expenditures over the next 12 months are therefore expected to be approximately $40,000.



Our cash reserves are not sufficient to meet our obligations for the next twelve-month period.  As a result, we will need to seek additional funding in the near future.  We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock.  We may also seek to obtain short-term loans from our directors, although no such arrangement has been made.  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 equity financing.



We do not expect to earn any revenue from operations until we have either commenced mining operations on a resource property, or operations in a non-resource property.



We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the small business issuer's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.



Results of Operations for the Three Month Period Ended January 31, 2008



We did not earn any revenues during the three-month period ended January 31, 2008.  We do not anticipate earning revenues unless we enter into commercial production on a resource property, or operations in a non-resource property, which is doubtful.



We incurred operating expenses in the amount of $6,635 for the three-month period ended January 31, 2008. These operating expenses were comprised of bank charges and interest of $36, filing and transfer agent fees of $571, office expenses of $28, and professional fees of $6,000.



At January 31, 2008, we had total assets of $3,692, consisting entirely of cash, and liabilities of $15,890, consisting of accounts payable, accrued liabilities and loans from related parties.



We have not attained profitable operations and are dependent upon obtaining financing to pursue exploration activities.  For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.



Results of Operations for the Three Month Period Ended January 31, 2007



We did not earn any revenues during the three-month period ended January 31, 2007.



We incurred operating expenses in the amount of $10,020 for the three-month period ended January 31, 2007. These operating expenses were comprised of bank charges and interest of $20, and expenses related to the impairment of mineral properties of 10,000.



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Results of Operations for the Period from March 17, 2006 (inception) to January 31, 2008



No revenues were earned during this period.



During this period we incurred operating expenses in the amount of  $34,698. These operating expenses were comprised of bank charges and interest of $204, filing and transfer agent fees of $7,867, expenses related to the impairment of mineral properties of 10,393, office expenses of $692, and professional fees of 15,542.



Item 3 Controls and Procedures



Evaluation of Disclosure Controls



We evaluated the effectiveness of our disclosure controls and procedures as of January 31, 2008.  This evaluation was conducted by Melvin Woolley, our director, president, chief executive officer, secretary, principal accounting officer and treasurer.



Disclosure controls are controls and other procedures that are designed to ensure that information that we are required to disclose in the reports we file pursuant to the Securities Exchange Act of 1934 is recorded, processed, summarized and reported.



Limitations on the Effective of Controls



Our management does not expect that our disclosure controls or our internal controls over financial reporting will prevent all error and fraud.  A control system, no matter how well conceived and operated, can provide only reasonable, but no absolute, assurance that the objectives of a control system are met.  Further, any control system reflects limitations on resources, and the benefits of a control system must be considered relative to its costs.  These limitations also 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 a control.  A design of a control system is also based upon certain assumptions about potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.  Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and may not be detected.

Conclusions



Based upon their evaluation of our controls, Melvin Woolley, our director, president, chief executive officer, secretary, principal accounting officer and treasurer, has concluded that, subject to the limitations noted above, the disclosure controls are effective providing reasonable assurance that material information relating to us is made known to management on a timely basis during the period when our reports are being prepared.  There were no changes in our internal controls that occurred during the quarter covered by this report that have materially affected, or are reasonably likely to materially affect our internal controls.



PART II- OTHER INFORMATION



Item 1. Legal Proceedings



The Company is not a party to any pending legal proceeding.  Management is not aware of any threatened litigation, claims or assessments.



Item 2. Changes in Securities



None.



Item 3. Defaults Upon Senior Securities



None.



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



None.



Item 5. Other Information



None.



Item 6. Exhibits and Report on Form 8-K



31.1  Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2  Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.1  Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2  Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



We did not file any current reports on Form 8-K during the period.





SIGNATURES



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



March 7, 2008





Blue Mountain Resources Inc.





/s/ Melvin Woolley

Melvin Woolley, President













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