UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q
                 Quarterly Report under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934

                For the quarterly period ended December 31, 2009

                        Commission File Number 333-144840


                             NORTHERN MINERALS INC.
                 (Name of small business issuer in its charter)

        Nevada                                                  20-8624019
(State of incorporation)                                (IRS Employer ID Number)

                                167 Caulder Drive
                        Oakville, Ontario, Canada L6J 4T2
                                 (905) 248-3277
          (Address and telephone number of principal executive offices)

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. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). 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 [ ]

There were 5,400,000 shares of Common Stock outstanding as of January 29, 2009.

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company.

Large accelerated filer [ ]                        Accelerated Filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]
(Do not check if Smaller reporting company)
<PAGE>
ITEM 1. FINANCIAL STATEMENTS.

The un-audited quarterly financial statements for the period ended December 31,
2009, prepared by the company, immediately follow.



                                       2
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                                 Balance Sheet
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                     As of             As of
                                                                  December 31,        March 31,
                                                                     2009               2009
                                                                   --------           --------
<S>                                                                <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                             $  2,178           $    747
                                                                   --------           --------
TOTAL CURRENT ASSETS                                                  2,178                747
                                                                   --------           --------

                                                                   $  2,178           $    747
                                                                   ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable                                                 $     80           $     --
  Loan from a director                                               15,100              4,700
                                                                   --------           --------
TOTAL CURRENT LIABILITIES                                            15,180              4,700

      TOTAL LIABILITIES                                              15,180              4,700

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 75,000,000 shares
   authorized; 5,400,000 shares issued and outstanding
   as at December 31, 2009 and March 31, 2009                         5,400              5,400
  Additional paid-in capital                                         51,600             51,600
  Deficit accumulated during exploration stage                      (70,002)           (60,953)
                                                                   --------           --------
TOTAL STOCKHOLDERS' EQUITY                                          (13,002)            (3,953)
                                                                   --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                     $  2,178           $    747
                                                                   ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       3
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                             Statement of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                            March 5, 2007
                                        Three Months     Three Months      Nine Months      Nine Months      (inception)
                                           Ended            Ended            Ended            Ended            through
                                         December 31,     December 31,     December 31,     December 31,     December 31,
                                            2009             2008             2009             2008             2009
                                         ----------       ----------       ----------       ----------       ----------
<S>                                      <C>              <C>              <C>              <C>              <C>
REVENUES
  Revenues                               $       --       $       --       $       --       $       --       $       --
                                         ----------       ----------       ----------       ----------       ----------
TOTAL REVENUES                                   --               --               --               --               --

EXPENSES
  Professional Fees                           1,500            1,500            7,000            7,000           24,500
  Mineral Claim Expenses                         --               --               --            8,578           21,328
  General & Administrative Expenses             415              355            2,049            9,459           24,174
                                         ----------       ----------       ----------       ----------       ----------
TOTAL GENERAL & ADMINISTRATIVE EXPENSES       1,915            1,855            9,049           25,037           70,002
                                         ----------       ----------       ----------       ----------       ----------

NET INCOME (LOSS)                        $   (1,915)      $   (1,855)      $   (9,049)      $  (25,037)      $  (70,002)
                                         ==========       ==========       ==========       ==========       ==========

BASIC EARNINGS PER SHARE                 $     0.00       $     0.00       $     0.00       $     0.00
                                         ==========       ==========       ==========       ==========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                5,400,000        5,400,000        5,400,000        5,400,000
                                         ==========       ==========       ==========       ==========
</TABLE>


                        See Notes to Financial Statements

                                       4
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                             Statement of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                      March 5, 2007
                                                                 Nine Months        Nine Months        (inception)
                                                                   Ended              Ended              through
                                                                 December 31,       December 31,       December 31,
                                                                    2009               2008               2009
                                                                  --------           --------           --------
<S>                                                               <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                               $ (9,049)          $(25,037)          $(70,002)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
    Increase (decrease) in Loan from a director                     10,400                 --             15,100
    Increase (decrease) in Accounts Payable                             80                 --                 80
    (Increase) decrease in Deposits                                     --              4,250                 --
                                                                  --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES        1,431            (20,787)           (54,822)

CASH FLOWS FROM INVESTING ACTIVITIES

          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES           --                 --                 --

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                              --                 --              5,400
  Additional paid-in capital                                            --                 --             51,600
                                                                  --------           --------           --------
          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES           --                 --             57,000
                                                                  --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                      1,431            (20,787)             2,178

CASH AT BEGINNING OF PERIOD                                            747             22,271                 --
                                                                  --------           --------           --------

CASH AT END OF YEAR                                               $  2,178           $  1,484           $  2,178
                                                                  ========           ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
  Interest                                                        $     --           $     --           $     --
                                                                  ========           ========           ========

  Income Taxes                                                    $     --           $     --           $     --
                                                                  ========           ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       5
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                             As at December 31, 2009
--------------------------------------------------------------------------------

NOTE 1 - NATURE AND PURPOSE OF BUSINESS

Northern  Minerals Inc. (the "Company") was  incorporated  under the laws of the
State of Nevada on March 5, 2007.  The  Company's  activities  to date have been
limited to organization  and capital  formation.  The Company is "an exploration
stage company" and had acquired a series of mining claims for exploration. After
performing  exploration work on the claims the Company  abandoned the claims due
to  unfavorable  results  and is  currently  searching  for new  claims or other
business opportunities which may or may not be in an unrelated field.

NOTE 2 - NATURE OF SIGNIFICANT ACCOUNTING POLICIES

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid debt instruments purchased with maturity
of three months or less to be cash equivalents.

REVENUE RECOGNITION

The  Company  considers  revenue  to be  recognized  at the time the  service is
performed.

USE OF ESTIMATES

The preparation of the Company's  financial  statements  requires  management to
make estimates and assumptions that affect the amounts reported in the financial
statements  and  accompanying  notes.  Actual  results  could  differ from these
estimates.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The  Company's  short-term  financial  instruments  consist  of  cash  and  cash
equivalents  and  accounts  payable.  The  carrying  amounts of these  financial
instruments approximate fair value because of their short-term maturities.
 Financial  instruments that potentially  subject the Company to a concentration
of credit risk consist  principally of cash. During the year the Company did not
maintain cash deposits at financial  institution in excess of the $100,000 limit
covered by the Federal Deposit Insurance Corporation.  The Company does not hold
or issue financial  instruments  for trading  purposes nor does it hold or issue
interest rate or leveraged derivative financial instruments.

                                       6
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                             As at December 31, 2009
--------------------------------------------------------------------------------

NOTE 2 - NATURE OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

EARNINGS PER SHARE

Basic Earnings per Share ("EPS") is computed by dividing net income available to
common  stockholders  by the  weighted  average  number of common  stock  shares
outstanding  during the year.  Diluted EPS is  computed  by dividing  net income
available to common stockholders by the weighted-average  number of common stock
shares outstanding  during the year plus potential dilutive  instruments such as
stock  options  and  warrant.  The effect of stock  options  on  diluted  EPS is
determined  through  the  application  of the  treasury  stock  method,  whereby
proceeds received by the Company based on assumed  exercises are  hypothetically
used to repurchase the Company's common stock at the average market price during
the period.  Loss per share is  unchanged  on a diluted  basis since the assumed
exercise of common stock equivalents would have an anti-dilutive effect.

INCOME TAXES

The Company uses the asset and liability  method of accounting  for income taxes
as required by ASC No. 740 "Accounting  for Income Taxes".  ASC 740 requires the
recognition of deferred tax assets and  liabilities  for the expected future tax
consequences of temporary  differences  between the carrying amounts and the tax
basis of  certain  assets  and  liabilities.  Deferred  income  tax  assets  and
liabilities  are computed  annually  for the  difference  between the  financial
statement and tax bases of assets and liabilities that will result in taxable or
deductible amounts in the future, based on enacted tax laws and rates applicable
to the periods in which the  differences  are expected to affect taxable income.
Valuation  allowances  are  established  when  necessary to reduce  deferred tax
assets to the amount  expected  to be  realized.  Income tax  expense is the tax
payable or refundable for the period, plus or minus the change during the period
in deferred tax assets and liabilities.

Deferred income taxes may arise from temporary differences resulting from income
and  expense  items  reported  for  financial  accounting  and tax  purposes  in
different  periods.  Deferred  taxes are  classified as current or  non-current,
depending  on the  classification  of the assets and  liabilities  to which they
relate.  Deferred taxes arising from temporary  differences that are not related
to an asset or liability are classified as current or  non-current  depending on
the periods in which the  temporary  differences  are  expected to reverse.  The
Company had no  significant  deferred  tax items arise during any of the periods
presented.

CONCENTRATION OF CREDIT RISK

The Company does not have any concentration of related financial credit risk.

                                       7
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                             As at December 31, 2009
--------------------------------------------------------------------------------

NOTE 2 - NATURE OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

REVENUE

The Company  records  revenue on the accrual  basis when all goods and  services
have been performed and  delivered,  the amounts are readily  determinable,  and
collection  is  reasonably  assured.  The Company has not  generated any revenue
since its inception.

ADVERTISING

The  Company  will  expense its  advertising  when  incurred.  There has been no
advertising since inception.

RECENT ACCOUNTING PRONOUNCEMENTS

The  Company  does not  expect  that the  adoption  of other  recent  accounting
pronouncements will have a material impact to its financial statements.

NOTE 3 - COMMON STOCK

Transactions,  other than employees' stock issuance,  are in accordance with ASC
No. 505.  Thus  issuances  shall be accounted for based on the fair value of the
consideration  received.  Transactions  with  employees'  stock  issuance are in
accordance with ASC No. 718. These issuances shall be accounted for based on the
fair  value  of the  consideration  received  or the fair  value  of the  equity
instruments issued, or whichever is more readily determinable.

On March 5, 2007 the Company  issued  500,000  shares of common  stock to Damian
O'Hara,  a director  and  500,000  shares of common  stock to Nicole  O'Hara,  a
director, for cash in the amount of $0.005 per share for a total of $5,000.

On March 29, 2007 the Company issued a total of 1,400,000 shares of common stock
at $.005 per share to Damian O'Hara in repayment of $7,000 paid on behalf of the
Company for the acquisition of the mining claims.

On July 3, 2007 the Company  issued  1,000,000  shares of common stock to Nicole
O'Hara,  a  director,  for cash in the amount of $0.005 per share for a total of
$5,000.

On February 18, 2008 the Company issued  2,000,000  shares of common stock to 30
unrelated  investors in the  Company's  SB-2  offering for cash in the amount of
$0.02 per share for a total of $40,000.

                                       8
<PAGE>
                             NORTHERN MINERALS INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                             As at December 31, 2009
--------------------------------------------------------------------------------

NOTE 4 - RELATED PARTY TRANSACTIONS

Damian O'Hara and Nicole O'Hara,  the officers and directors of the Company may,
in the future,  become involved in other business  opportunities  as they become
available,  thus they may face a conflict in  selecting  between the Company and
their other business opportunities.  The Company has not formulated a policy for
the resolution of such conflicts.

As of December  31, 2009,  $15,100 is owed to Damian  O'Hara and is non interest
bearing with no specific repayment terms.

NOTE 5 - GOING CONCERN

The accompanying  financial  statements have been prepared  assuming the Company
will  continue  as a going  concern.  As  shown  in the  accompanying  financial
statements,  the  Company  has no sales and has  incurred  a net loss of $70,002
since  inception.  The future of the  Company is  dependent  upon its ability to
obtain financing and upon future  profitable  operations form the development of
its mineral properties.  The financial statements do not include any adjustments
relating to the  recoverability  and  classifications of recorded assets, or the
amounts of and  classification  of  liabilities  that might be  necessary in the
event the Company cannot continue in existence.

                                       9
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements. Any
statements contained herein that are not statements of historical fact may be
deemed to be forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act. The words "believes," "anticipates," "plans," "seeks,"
"expects," "intends" and similar expressions identify some of the
forward-looking statements. Forward-looking statements are not guarantees of
performance or future results and involve risks, uncertainties and assumptions.
The factors discussed elsewhere in this Form 10-Q could also cause actual
results to differ materially from those indicated by the Company's
forward-looking statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statements.

BUSINESS AND PLAN OF OPERATION

Northern Minerals Inc. was incorporated in the State of Nevada on March 5, 2007
to engage in the acquisition, exploration and development of natural resource
properties. We are an exploration stage company with no revenues or operating
history.

We received the results of Phase 1 and Phase 1A of the exploration program from
the consulting geologist. The findings were not promising and management
determined it was in the best interests of the shareholders to allow the claim
to lapse. As a result, we are investigating other properties on which
exploration could be conducted and other business opportunities to enhance
shareholder value. During the next twelve months we anticipate spending
approximately $8,500 on professional fees, including fees payable in complying
with reporting obligations, and general administrative costs.

LIQUIDITY AND CAPITAL RESOURCES

Our cash in the bank at December 31, 2009 was $2,178 and outstanding liabilities
were $15,180. We have sold $57,000 in equity securities since inception, $10,000
from the sale of 2,000,000 shares of stock to our officers and directors, $7,000
from the issuance of 1,400,000 shares of stock to a director in repayment of the
funds paid by him for the acquisition of the mineral claim and $40,000 from the
sale of 2,000,000 shares registered pursuant to our SB-2 Registration Statement
which became effective on October 12, 2007. If we experience a shortfall of
funds our directors have agreed to loan us funds, however they have no
obligation to do so.

RESULTS OF OPERATIONS

We are still in our development stage and have no revenues to date.

We incurred operating expenses of $1,915 for the three months ended December 31,
2009. These expenses consisted of general operating expenses incurred in
connection with the day to day operation of our business and the filing of our
required statements with the Securities and Exchange Commission. For the same
three month period ended September 30, 2008 the operating expenses were $1,855,
which consisted of general operating expenses. Our net loss since inception
through December 31, 2009 was $70,002.

If we experience a shortage of funds we may utilize funds from our directors,
who have informally agreed to advance funds, however they have no formal
commitment, arrangement or legal obligation to advance or loan funds to the
company. If they fail to do so we may be required to terminate our business. We
are an exploration stage company and have generated no revenue to date. Through
December 31, 2009 we had sold $57,000 in equity securities to pay for our
business operations. On February 18, 2008, we closed our offering pursuant to a

                                       10
<PAGE>
SB-2 Registration Statement filed with the U.S. Securities and Exchange
Commission, which became effective on October 12, 2007. We sold 2,000,000 shares
of common stock to 30 unaffiliated shareholders at $.02 per share for total
proceeds of $40,000.

Our auditor has 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 revenues and no revenues are anticipated until we
begin removing and selling minerals. There is no assurance we will ever reach
that point.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Management maintains "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 Northern Minerals' 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 management, including our Chief Executive Officer and Chief
Financial Officer, as appropriate, to allow timely decisions regarding required
disclosure.

In connection with the preparation of this quarterly report on Form 10-Q, an
evaluation was carried out by management, with the participation of the Chief
Executive Officer and the Chief Financial Officer, of the effectiveness of our
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act) as of December 31, 2009.

Based on that evaluation, management concluded, as of the end of the period
covered by this report, that Northern Minerals' disclosure controls and
procedures were effective in recording, processing, summarizing, and reporting
information required to be disclosed, within the time periods specified in the
Securities and Exchange Commission's rules and forms.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

As of the end of the period covered by this report, there have been no changes
in Northern Minerals' internal controls over financial reporting during the
quarter ended December 31, 2009, that materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting
subsequent to the date of management's last evaluation.

                                       11
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Northern Minerals Inc. is not currently involved in any legal proceedings and we
are not aware of any pending or potential legal actions.

ITEM 1A. RISK FACTORS.

There has been no change to the Risk Factors disclosed in our Form 10-K filed on
July 2, 2009 with the Securities and Exchange Commission for the year ended
March 31, 2009.

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

There were no sales of unregistered securities during the period covered by this
report.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

There were no defaults upon senior securities during the period covered by this
report.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no matters submitted to a vote of security holders during the period
covered by this report.

ITEM 5. OTHER INFORMATION.

There is no other information to report.

ITEM 6. EXHIBITS.

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our original Form SB-2
Registration Statement, filed under SEC File Number 333-144840, at the SEC
website at www.sec.gov:

     Exhibit No.                   Description
     -----------                   -----------

         3.1           Articles of Incorporation*
         3.2           Bylaws*
        31             Rule 13a-14(a)/15d-14(a) Certification
        32             Certification Pursuant to 18 U.S.C. 1350

                                       12
<PAGE>
                                   SIGNATURES

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

January 29, 2010                  Northern Minerals Inc., Registrant


                                      /s/ Damian O'Hara
                                      ------------------------------------------
                                  By: Damian O'Hara, President & Director
                                      (Chief Executive Officer, Principal
                                      Financial Officer & Principal
                                      Accounting Officer)


                                      /s/ Nicole O'Hara
                                      ------------------------------------------
                                  By: Nicole O'Hara
                                      (Director, Secretary)

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.


/s/ Damian O'Hara                                             January 29, 2010
---------------------------------------------                 ----------------
Damian O'Hara, President & Director                                 Date
(Chief Executive Officer, Principal Financial
Officer, Principal Accounting Officer)


/s/ Nicole O'Hara                                             January 29, 2010
---------------------------------------------                 ----------------
Nicole O'Hara, Secretary & Director                                 Date


                                       13