UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-Q

[X]
     QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2008OR[  ]
     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934


Commission file number 000-53184BELVEDERE RESOURCES CORPORATION(Exact name of registrant as specified in its charter)NEVADA(State or other jurisdiction of incorporation or organization)24442-112thAvenueMaple Ridge, British ColumbiaCanada V3E 1H5(Address of principal executive offices, including zip code.)(604) 476-9076(telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.YES [X]    NO [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer, non-accelerated filer, and smaller reporting company in Rule 12b-2 of the Exchange Act.

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


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

State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: 6,006,450 as of May 14, 2008

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SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

Except for statements of historical fact, certain information contained herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements are usually identified by our use of certain terminology, including will, believes, may, expects, should, seeks, anticipates or intends or by discussions of strategy or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Such factors include, among others, our history of operating losses and uncertainty of future profitability; our lack of working capital and uncertainty regarding our ability to continue as a going concern; uncertainty of access to additional capital; risks inherent in mineral exploration; environmental liability claims and insurance; dependence on consultants and third parties as well as those factors discussed in the section entitled Risk Factors, Business and Managements Discussion and Analysis of Financial Condition and Results of Operations.

If one or more of these risks or uncertainties materializes, or if underlying assumptions prove incorrect, our actual results may vary materially from those expected, estimated or projected. Forward looking statements in this document are not a prediction of future events or circumstances, and those future events or circumstances may not occur. Given these uncertainties, users of the information included herein, including investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements. We do not assume responsibility for the accuracy and completeness of these statements.

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company is an exploration stage company and its properties have no known body of ore. U.S. investors are cautioned not to assume that the Company has any mineralization that is economically or legally mineable.

All references in this Report on Form 10-Q to the terms we, our, us, and the Company refer to Belvedere Resources Corporation.

















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PART I  FINANCIAL INFORMATION

ITEM 1.      FINANCIAL STATEMENTS



INTERIM FINANCIAL STATEMENTSBelvedere Resources Corporation(An Exploration Stage Company)(Unaudited)March 31, 2008



IndexBalance Sheets
     F-1Statements of Expenses
     F-2Statements of Cash Flows
     F-3Notes to Financial Statements
     F-4


















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Belvedere Resources Corporation(An Exploration Stage Company)Balance Sheets(Unaudited)March 31,
     
     
     December 31,2008
     
     
     2007ASSETSCurrent AssetsCash
     $
     67,503
     
     $
     78,378Total Assets
     $
     67,503
     
     $
     78,378LIABILITIES AND STOCKHOLDERS EQUITYCurrent LiabilitiesAccounts Payable
     $
     2,866
     
     $
     8,105Due to related parties
     
     23,037
     
     
     23,037Total Liabilities
     
     25,903
     
     
     31,142Commitments and Contingencies
     
     -
     
     
     -Stockholders EquityCommon stock, 100,000,000 shares authorized, $0.00001 par value6,006,450 shares issued and outstanding
     
     60
     
     
     60Additional paid-in capital
     
     111,260
     
     
     109,760Deficit accumulated during the exploration stage
     
     (69,720
     )
     
     (62,584
     )Total Stockholders Equity
     
     41,600
     
     
     47,236Total Liabilities and Stockholders Equity
     $
     67,503
     
     $
     78,378








See accompanying notes to financial statements

F-1

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Belvedere Resources Corporation(An Exploration Stage Company)Statements of ExpensesFor the Three Months Ended March 31, 2008 and March 31, 2007 and thePeriod from September 27, 2006 (Inception) Through March 31, 2008(Unaudited)Three
     
     Three
     
     
     September 27, 2006Months Ended
     
     Months Ended
     
     
     (Inception) throughMarch 31, 2008
     
     March 31, 2007
     
     
     March 31, 2008Operating ExpensesLegal and accounting
     $
     3,828
     
     $
     -
     
     $
     38,377General and administrative
     
     1,808
     
     
     (21
     )
     
     18,218Mining claim
     
     -
     
     
     -
     
     
     2,500Services provided by directors
     
     750
     
     
     750
     
     
     4,500Rent
     
     750
     
     
     750
     
     
     4,500Interest expense
     
     -
     
     
     -
     
     
     1,625Net Loss
     $
     (7,136
     )
     $
     (1,479
     )
     $
     (69,720
     )Net Loss Per Common Share  Basic and Diluted
     $
     (0.00
     )
     $
     (0.00
     )
     
     n/aWeighted Average Number of Common Shares Outstanding
     6,006,450
     
     5,000,000
     
     
     n/a










See notes to financial statements

F-2

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Belvedere Resources Corporation(An Exploration Stage Company)Statements of Cash FlowsFor the Three Months Ended March 31, 2008 and March 31, 2007 and thePeriod from September 27, 2006 (Inception) Through March 31, 2008(Unaudited)For the Three
     
     For the Three
     
     September 27, 2006Months Ended
     
     Months Ended
     
     (Inception) throughMarch 31, 2008
     
     March 31, 2007
     
     March 31, 2008Operating ActivitiesNet loss
     $
     (7,136
     )
     (1,479
     )
     $
     (69,720
     )Adjustments to reconcile net loss to cash used in operatingactivities:Contributed rent and consulting services
     
     1,500
     
     
     1,500
     
     
     9,000Imputed interest
     
     -
     
     
     -
     
     
     1,625Change in:Increase in accounts payable
     
     (5,239
     )
     
     -
     
     
     2,866Net Cash Provided by (Used in) Operating Activities
     
     (10,875
     )
     
     21
     
     
     (56,229
     )Net Cash Provided by Financing ActivitiesProceeds from the sale of common stock
     
     -
     
     
     -
     
     
     100,695Advances from related parties
     
     -
     
     
     -
     
     
     23,037Net Cash Provided by (Used in) Financing Activities
     
     -
     
     
     -
     
     
     123,732Increase in Cash
     
     (10,875
     )
     
     21
     
     
     67,503Cash - Beginning of Period
     
     78,378
     
     
     6
     
     
     -Cash - End of Period
     $
     67,503
     
     $
     27
     
     
     67,503Supplemental Disclosure of Cash Flow InformationCash paid during the period for :Interest
     $
     -
     
     $
     -
     
     $
     -Income taxes
     $
     -
     
     $
     -
     
     $
     -






See notes to financial statements

F-3

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Belvedere Resources Corporation(An Exploration Stage Company)Notes to the Financial StatementsMarch 31, 2008(Unaudited)

NOTE 1 - Summary of Significant Accounting PoliciesBasis of Presentation

The accompanying audited interim financial statements of Belvedere have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with Belvederes audited 2007 annual financial statements and notes thereto. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosure required in Belvederes 2007 annual financial statements have been omitted.

Use of Estimates

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

NOTE 2 - Going Concern

These financial statements have been prepared on a going concern basis, which implies Belvedere Resources will continue to meet its obligations and continue its operations for the next fiscal year. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should Belvedere Resources be unable to continue as a going concern. Through March 31, 2008, Belvedere Resources has not generated revenues and has accumulated losses of $69,720 since inception. The continuation of Belvedere Resources as a going concern is dependent upon the continued financial support from its shareholders, the ability of Belvedere Resources to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the Belvedere Resources ability to continue as a going concern.

NOTE 3 - Related Party Transactions

During the period ended March 31, 2008, Belvedere Resources recognized a total of $750 for donated services and $750 for donated rent provided by the President and Director of Belvedere Resources.







F-4

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ITEM 2.      MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

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

Plan of Operation

This section contains forward looking statements which may be subject to certain, risks, uncertainties and other factors affecting actual outcomes. See Special Note on Forward Looking Statements and Risk Factors.

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. There is no assurance we will ever reach this point. Accordingly, we must raise cash from sources other than the sale of minerals found on the property. That cash must be raised from other sources. Our only other source for cash at this time is investments by other. We must raise cash to implement our project and stay in business.

We will be conducting research in the form of exploration of the property. Our exploration program is explained in as much detail as possible in the business section of our prospectus. We are not going to buy or sell any plant or significant equipment during the next twelve months.

The property is located 60 miles north of Vancouver, and 10 miles north of Egmont/Earls Cove, which in turn are located on the northern end of the Sechelt Peninsula. It lies on the eastern shore of the upper reaches of Hotham Sound, which is an arm of Jervis Inlet. The property is located within the Vancouver Mining Division, and is centered at approximately 49o54'N latitude and 124o01'W longitude. There is no road access to the property, however parts of the property are on tidewater and are therefore easily accessible by sea or float plane. Fuel, food and docking facilities are available at Egmont - Earls Cove, on the northeast end of the Sechelt Peninsula. There are several good beaching sites for either a boat or landing craft of suitable size to support exploration. An overgrown logging road provides foot access to the south central area of the property.

Our success depends upon finding mineralized material. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. This includes a determination by our consultant if the property contains reserves. We have not selected a consultant as of the date of this report.



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If we do not find mineralized material or we cannot remove mineralized material, either because we do not have the money to do so or because is such minerals cannot be not economically mined, processed and sold at a profit, we will cease operations and you will lose your investment.

In addition, we may not have enough money to complete our exploration of the property. If it turns out that we have not raised enough money to complete our exploration program, we will try to raise additional funds from a second public offering, a private placement or loans. At the present time, we have not made any plans to raise additional money and there is no assurance that we would be able to raise additional money in the future. In we need additional money and can not raise it, we will have to suspend or cease operations.

We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.

The property is undeveloped raw land. Exploration and surveying has not been initiated and will not be initiated until we raise money in this offering. That is because we do not have money to start exploration. Once the offering is concluded, we intend to start exploration operations. To our knowledge, the property has never been mined. The only event that has occurred is the staking of the property by Madman Mining and a physical examination of the property by Mr. Englmann, our president and director. The registering of the cells was included in the $2,500 paid to Madman Mining. No additional payments were made or are due to Madman Mining for its services. The claims were recorded in Mr. Englmanns name to avoid incurring additional costs at this time. The additional fees would be for incorporation of a British Columbia corporation and legal and accounting fees related to the incorporation. On December 13, 2006, Mr. Englmann executed a declaration of trust acknowledging that he holds the property in trust for us and he will not deal with the property in any way, except to transfer the property to us. In the event that Mr. Englmann transfers title to a third party, the declaration of trust will be used as evidence that he breached his fiduciary duty to us. Mr. Englmann has not provided us with a signed or executed bill of sale in our favor. Mr. Englmann will issue a bill of sale to a subsidiary corporation to be formed by us should mineralized material be discovered on the property. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. Before minerals retrieval can begin, we must explore for and find mineralized material. After that has occurred we have to determine if it is economically feasible to remove the mineralized material. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material. We cant predict what that will be until we find mineralized material. Mr. Englmann does not have a right to sell the property to anyone. He may only transfer the property to us. He may not demand payment for the claims when he transfers them to us. Further, Mr. Englmann does not have the right to sell the claims at a profit to us if mineralized material is discovered on the property. Mr. Englmann must transfer title to us, without payment of any kind, regardless of what is or is not discovered on the property.

Our mineral property does not have a known body of ore and all our proposed exploration programs are an exploratory search for ore.

We do not know if we will find mineralized material. We believe that activities occurring on

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adjoining properties are not material to our activities. The reason is that what ever is located under adjoining property may or may not be located under the property.

We do not claim to have any minerals or reserves whatsoever at this time on the property.

We intend to implement an exploration program which consists of core drilling. Core drilling is the process of drilling holes to a depth of up to 300 feet in order to extract core samples of rock. Mr. Englmann, after confirming with our consultant, will determine where drilling will occur on the property. Mr. Englmann will not receive fees for his services. The samples will be tested to determine if mineralized material is located on the property. Based upon the tests of the core samples, we will determine if we will terminate operations; proceed with additional exploration of the property; or develop the property. The proceeds from this offering are designed to only fund the costs of core sampling and testing. We intend to take our core samples to analytical chemists, geochemists and registered assayers located in British Columbia. We have not selected any of the foregoing as of the date of this report. We will only make the selections in the event we raise the minimum amount of this offering.

We estimate the cost of drilling will be $20 per foot drilled. The amount of drilling will be predicated upon the amount of money raised in this offering. If we raise the minimum amount of money, we will drill approximately 3,000 linear feet or 8 holes to depth of 300 feet. Assuming that we raise the maximum amount of money, we will drill approximately 7,000 linear feet, or up to 28 holes to a depth of 300 feet. We estimate that it will take up to three months to drill 28 holes to a depth of 300 feet each. We will pay a consultant up to a maximum of $5,000 per month for his services during the three month period or a total of $15,000. The total cost for analyzing the core samples will be $3,000.

We do not intend to interest other companies in the property if we find mineralized materials. We intend to try to develop the reserves ourselves through the use of consultant. We have no plans to interest other companies in the property if we do not find mineralized material. To pay the consultant and develop the reserves, we will have to raise additional funds through a second public offering, a private placement or through loans. As of the date of this report, we have no plans to raise additional funds. Further, there is no assurance we will be able to raise any additional funds even if we discover mineralized material and a have a defined ore body.

If we are unable to complete any phase of exploration because we do not have enough money, we will cease operations until we raise more money. If we can not or do not raise more money, we will cease operations. If we cease operations, we don not know what we will do and we do not have any plans to do anything.









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We do not intend to hire additional employees at this time. All of the work on the property will be conduct by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Milestones

The following are our milestones:

| | 1. | May - June 2008 - We will retain our consultant to manage the exploration of the property. Cost - $5,000 to $15,000. Time of retention 0-90 days. To carry out this milestone, we must hire a consultant. There are a number of mining consultants located in Vancouver, British Columbia that we intend to interview.                                                                                                                                                                
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   
| | 2. | June - November 2008 - We will begin core drilling. We anticipate core drilling will cost $20 per foot with a total cost of $60,600 to $142,000, depending upon a number of factors which we cannot determine at this time. Core drilling will be contracted to non-affiliated third parties. The estimated time to conduct the core drilling is approximately 90 days. To carry out this milestone we must conduct the core drilling. The driller will be retained by our consultant.
| |   
| | 3. | December 2008 - February 2009 - We will have an independent third party analyze the samples from the core drilling. Determine if mineralized material is below the ground. If mineralized material is found, we will attempt to define the ore body. We estimate that it will cost $3,000 to analyze the core samples and will take 30 days. Delivery of the samples to the independent third party is necessary to carry out this milestone.                                         

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we conduct into the research and exploration of our properties before we start production of any minerals we may find. We do not have sufficient funds on hand to complete exploration of our mineral property and will need to seek equity financing to provide for the capital required to implement our exploration phase. .





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We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Liquidity and Capital Resources

To meet our need for cash we expect we will have to raise money in addition to funds on hand from one or more subsequent private placements, public offerings or loans. We cannot guarantee that we will be able to raise enough money to stay in business. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans.

At the present time, we have not made any arrangements to raise additional cash, other than cash on hand. If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.

We have the right to explore one property containing an eight cell mineral claim. We will begin our exploration plan upon completion of our public offering. We expect to start exploration operations within 90 days of completing our public offering. As of the date of this report we have yet to being operations and therefore we have yet to generate any revenues.

Since inception, we have issued 6,006,450 shares of our common stock and received $100,695.

In September 27, 2006, we issued 5,000,000 shares of common stock to our then sole officer and director, Shawn Englmann, pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1993. The purchase price of the shares was $50.00. This was accounted for as an acquisition of shares. Shawn Englmann has covered our initial expenses of $20,537 for incorporation, accounting and legal fees and $2,500 for registering the cells, all of which was paid directly to our staker, attorney and accountant. The amount owed to Mr. Englmann is non-interest bearing, unsecured and due on demand. Further the agreement with Mr. Englmann is oral and there is no written document evidencing the agreement.

As of March 31, 2008, our total assets were $67,503 and our total liabilities were $25,903.

In December 2007, we completed our public offering and raised $100,645 by selling 1,006,450 shares of common stock at an offering price of $0.10 per share.







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ITEM 3.      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.      CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

We maintain "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation under the supervision and with the participation of our Principal  Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. Based on this Evaluation, our Principal  Executive Officer and Principal Financial Officer concluded that our Disclosure Controls were effective as of the end of the period covered by this report.

Internal Controls Over Financial Reporting

We have also evaluated our internal controls for financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of their last evaluation

PART II. OTHER INFORMATION

ITEM 1A.   RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.      UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

On July 6, 2007, the Securities and Exchange Commission declared our Form SB-2 Registration Statement effective, file number 333-143816, permitting us to offer up to 2,000,000 shares of common stock at $0.10 per share. There is no underwriter involved in our public offering.

On December 20, 2007, we sold 1,006,450 shares of common stock at $0.10 per share for cash proceeds of $100,645.00. As of the date of this report, we spent the money raised from this offering, together with other funds on hand as follows:

Legal and Accounting Fees
     $
     38,377Stock Transfer Fees
     $
     15,000Mining Properties Costs
     $
     2,500General and Administrative
     $
     1,808Total:
     $
     57,685


ITEM 6.      EXHIBITS.

The following documents are included herein:

Exhibit No.
     Document Description31.1
     Certification of Principal Executive Officer and Principal Financial Officer pursuant toSection 302 of the Sarbanes-Oxley Act of 200232.1
     Certification of Chief Executive Officer and Chief Financial Officer pursuant toSection 906 of the Sarbanes-Oxley Act of 2002


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this 13th day of May, 2008.

BELVEDERE RESOURCES CORPORATIONBY:
     SHAWN ENGLMANNShawn Englmann, President, PrincipalExecutive Officer, Treasurer, PrincipalFinancial Officer, and Principal AccountingOfficer


























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EXHIBIT INDEX

Exhibit No.
     Document Description31.1
     Certification of Principal Executive Officer and Principal Financial Officer pursuant toSection 302 of the Sarbanes-Oxley Act of 200232.1
     Certification of Chief Executive Officer and Chief Financial Officer pursuant toSection 906 of the Sarbanes-Oxley Act of 2002






























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