UNITED STATESSECURITIES AND EXCHANGE
COMMISSIONWashington, D.C. 20549 FORM 10-Q [X]
QUARTERLY
REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF
1934FOR
THE QUARTERLY PERIOD ENDED JUNE 30, 2008OR[ 
]
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF
1934  Commission file number 333-144051LAKE VICTORIA MINING COMPANY, INC.
(Exact
name of registrant as specified in its
charter)NEVADA(State or other
jurisdiction of incorporation or organization)6805
Sundance TrailRiverside, California 92506(Address of principal
executive offices, including zip code.)(951)
907-9911(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: 17,003,000 as of August 14, 2008.     LAKE VICTORIA MINING, INC.(AN EXPLORATION STAGE COMPANY)BALANCE SHEETSJune 30,

March 312008

2008(UNAUDITED)ASSETSCurrent assetsCash




$
            327,452

$
            101,925Advances and Accounts receivable

1,884

-Total Current Assets


329,336

101,925PROPERTY AND EQUIPMENT, NET

-

-TOTAL ASSETS



$
            329,336

$
            101,925LIABILITIES AND SHAREHOLDERS' DEFICITCURRENT LIABILITIESAccounts payable



$
                      -

$
                2,580Accrued expenses



-

1,290Advances payable - related party


54,142

53,920Other Payables



79

79Total Current Liabilities


54,221

57,869COMMITMENTS AND CONTINGENCIES

-

-STOCKHOLDERS' DEFICITPreferred stock, $0.00001 par value:
100,000,000

-

-authorized, no shares outstandingCommon stock, $0.00001 par value;100,000,000 shares authorized, (17,503,000 and
5,003,000)shares issued and outstanding, respectively

175

50Additional paid-in capital


350,165

100,290Subscription receivable



(35)

(35)Accumulated deficit during exploration stage

(75,190)

(56,249)Total stockholders' Deficit


275,115

44,056TOTAL LIABILITIES ANDSTOCKHOLDERS DEFICIT


$
            329,336

$
            101,925The accompanying  condensed notes
are an integral part of these interim financial
statements     LAKE
VICTORIA MINING, INC.(AN
EXPLORATION STAGE COMPANY)STATEMENT
OF OPERATIONS(UNAUDITED)For the Three

For the Three


Period fromMonth Period

Month Period


March 14, 2007Ended

Ended


(Inception) toJune 30, 2008

June 30, 2007


June 30, 2008REVENUE


$
                  -

$
                 -


$
                 -OPERATING
EXPENSESGeneral
and administrative expenses

18,987

8,695


75,342Total
operating expense

18,987

8,695


75,342LOSS
FROM OPERATIONS

(18,987)

(8,695)


(75,342)OTHER
INCOME(EXPENSES)Interest
income


45

-


152Total
other income


45

-


152LOSS
BEFORE TAXES


(18,942)

(8,695)


(75,190)INCOME
TAX EXPENSE

-

-


-NET
LOSS


$
         (18,942)

$
          (8,695)


$
         (75,190)NET LOSS
PER COMMON SHARE,BASIC AND
DILUTED

$
                 nil

$
                 nil


$
             (0.01)WEIGHTED
AVERAGE NUMBEROF COMMON
SHARES OUTSTANDING,BASIC AND
DILUTED

9,586,333

4,000,000


5,562,652The accompanying  condensed notes are an integral part
of these interim financial statements      LAKE VICTORIA MINING, INC.(AN EXPLORATION STAGE COMPANY)STATEMENT OF CASH FLOWS(UNAUDITED)For the Three

For the Three

Period fromMonth Period

Month Period

March 14, 2007Ended

Ended

(Inception) toJune 30, 2008

June 30, 2007

June 30, 2008CASH FLOWS FROM OPERATING ACTIVITIESNet loss

$
        (18,942)

$
          (8,695)

$
         (75,190)Adjustments to reconcile net loss to net cashprovided (used) by operating activities:Increase in Advance and Accounts receivable
(1,884)



(1,884)Increase in Accounts payable
(2,357)

-

-Increase in accrued expenses
(1,290)

9,600

-Increase in other payables
-

-

79Net cash used by operating activities
(24,473)

905

(76,995)CASH FLOWS PROVIDED BY INVESTING
ACTIVITIES:
-

-

-CASH FLOWS PROVIDED BY FINANCING
ACTIVITIES:Proceeds from issuance of stock
250,000

5

350,305Related party payable proceeds
-

20,420

54,142Net cash provided by financing activities
250,000

20,425

404,447Net increase in cash and cash equivalents
225,527

21,330

327,452Cash at beginning of period
101,925

-

-Cash at end of period

$
       327,452

$
         21,330

$
        327,452SUPPLEMENTAL CASH DISCLOSURES:Income taxes paid

$
                 -

$
                 -

$
                  -Interest paid

$
                 -

$
                 -

$
                  -NON-CASH INVESTING AND FINANCING
ACTIVITIES:Stock issued for subscription receivable
$
               (35)

$
               (35)

$
                (35)The accompanying  condensed notes
are an integral part of these interim financial
statements


LAKE VICTORIA MINING, INC.(AN EXPLORATION STAGE COMPANY)STATEMENT OF STOCKHOLDERS' DEFICIT(UNAUDITED)Accumulated
TotalCommon Stock
Additional
Subscription
Deficit During
Stockholders'Shares
Amount
Paid-in Capital
Receivable
Exploration Stages
DeficitBalance, at March 14, 2007 (Inception)
-
$
              -
-
$
                 -
$
                    -
$
                 -Common stock issued for cash$0.00001 per share

4,000,000
40

(35)
-
5Net loss for period ended





(29,725)
(29,720)March 31, 2007Balance, at March 31, 2007

4,000,000
$
             40
$
                  -
$
               (35)
$
           (29,725)
$
        (29,720)Common stock issued for cash






-at $0.1 per share

1,003,000
10
100,290
-
-
100,300Net loss for period endedMarch 31, 2008

-
-
-
-
(26,524)
(26,524)Balance, at March 31, 2008

5,003,000
$
             50
$
        100,290
$
               (35)
$
           (56,249)
$
          44,056Common stock issued for cashat $0.02  per share

12,500,000
125
249,875
-
-
250,000Net loss for period endedJune 30, 2008

-
-
-
-
(18,941)
(18,941)Balance, at June 30, 2008

17,503,000
$
           175
$
        350,165
$
               (35)
$
           (75,190)
$
        275,115The accompanying  condensed notes
are an integral part of these interim financial statements   ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF
OPERATIONS.  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 expenditures. This is because we have not
generated any revenues.  Accordingly, cash must be raised from other
sources. Our only other source for cash at this time is investments by others.
 We must raise cash to implement our project and stay in business.  We
believe the money we raised in the public offering will last twelve months.  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
this report.  Plan of Operation  Our exploration
target is to find an ore body containing gold. Our success depends upon finding
mineralized material. 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.  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. If we dont
find mineralized material or we cannot remove mineralized material, either
because we do not have the money to do it or because it is not economically
feasible to do it, 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 another 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t 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
we intend to start exploration operations. To our knowledge, the property has
never been mined. The only event that has occurred is the acquisition of the
prospecting license of the property from Uyowa Gold Mining and Exploration
Company Limited, P.O. Box 3167, Dar es Salaam, Tanzania and a physical
examination of the property by Mr. Gamache, our former president and a director.
 The license was recorded   in our name.  We are searching for
mineralized material.  Mineralized material is an ore 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.  We do not know if we
will find mineralized material. We believe that activities occurring on
adjoining properties are not material to our activities.  The reason is
that whatever is located under adjoining property may or may not be located
under the property.  We do not license to
have any minerals or reserves whatsoever at this time on any of the
property.  We intend to
implement an exploration program which consists of geochemical surveys such as
rockchip/soil sampling and geological mapping should be undertaken across faults
inferred from the aeromagnetic lineaments.  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.  If we are unable to
complete any phase of exploration because we dont have enough money, we will
cease operations until we raise more money. If we cant or dont raise more
money, we will cease operations. If we cease operations, we dont know what we
will do and we dont have any plans to do anything.  All of the work on
the property will be conducted by contractors that we will hire. The 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.  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 the research and exploration of our properties
before we start production of any minerals we may find. We are seeking equity
financing to provide for the capital required to implement our research and
exploration phases.  We believe that the funds raised from the public
offering will allow us to operate for one year.  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  In March 2007,
3,000,000 shares of common stock were issued to Kilimanjaro Mining Company,
Inc., a corporation owned and controlled by Heidi Kalenuik.  Further, in
March 2007, 500,000 shares of common stock were issued to David Gamache, one
officer and director and 500,000 shares of common stock were issued to George
Lennox, one of officer and director.  The 4,000,000 shares are restricted
securities, as defined in Rule 144 of the Rules and Regulations of the SEC
promulgated under the Securities Act. Under Rule 144, the shares can be publicly
sold, subject to volume restrictions and restrictions on the manner of sale,
commencing one year after their acquisition.  Rule 144 provides that a
person may not sell more than 1% of the total outstanding shares in any three
month period and the sales must be sold either in a brokers transaction or in a
transaction directly with a market maker.  On
October 17, 2007, the Company completed our public offering selling 1,003,000
shares of common stock at a price of $0.10 per share for cash of $100,300. These
proceeds will be applied to the items set forth in the Use of Proceeds section
of the public offering.  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.  On
May 28, 2008, the company completed a non-brokered Regulation S private
placement of 12,500,000 shares of the companys restricted common stock at $0.02
per share for cash of $250,000.  As of June 30, 2008,
we have issued 17,503,000 shares of common stock for cash of $350,340 and a
subscription receivable of $35.  As
of the date of this report, we have yet to begin operations and therefore have
not generated any revenues.  As of June 30,
2008, our total assets were $329,336 and our total liabilities were $54,221.    Directors, Executive Officers and
Control Persons On
June 26, 2008, Mr. Roger Newell was appointed to the Board of Directors and as
President and CEO, and Mr. David Gamache resigned from the Board of Directors
and as an officer of the Company.  On June 28, 2008, Ms. Heidi Kalenuik and
Mr. Ahmed Magoma were appointed to the Board of Directors, Ms. Kalenuik was
appointed as Secretary and Treasurer, and Mr. George Lennox resigned as a
director and as Secretary.  Officers are elected by the board of directors
to a term of one (1) year and serves until their successor is duly elected and
qualified, or until they are removed from office. The board of directors has no
nominating, auditing or compensation committees. ITEM
4.  CONTROLS AND PROCEDURES. Evaluation
of Disclosure Controls and Procedures:Our Principal Executive Officer and
Principal Financial Officer, after evaluating the effectiveness of our
disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e)
under the Exchange Act) as of the end of the period covered by this report, have
concluded that, based on the evaluation of these controls and procedures, that
our disclosure controls and procedures were effective. PART II.  OTHER INFORMATION  ITEM
6.  EXHIBITS. The
following documents are included herein: Exhibit
No.
Document
Description31.1
Certification
of Principal Executive Officer and Principal Financial Officer pursuant
toRule 13a-15(e) or
15d-15(e), promulgated under the Securities and Exchange Act of1934, as amended.32.1
Certification
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
ofthe Sarbanes-Oxley
Act of 2002 (Chief Executive Officer and Chief Financial
Officer).     SIGNATURES In
accordance with Section 13 or 15(d) of the Securities and Exchange Act, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, on this 19th day of August, 2008. LAKE
VICTORIA MINING COMPANY, INC.BY:/s/ Roger
Newell   Roger Newell, President, ChiefExecutive Officer, Principal Financial Officer,Principal Accounting Officer,and
a member of the Board of Directors   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 included.  /s/ Roger Newell
Dr.
Roger Newell, President, Chief Executive Officer, Principal
Financial Officer, Principal Accounting
Officer  /s/
Heidi Kalenuik Heidi
Kalenuik, Secretary, Treasurer, Director