SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10QSB

[ X ]  Quarterly report pursuant to section 13 or 15(d) of the    
       Securities Exchange Act of 1934 for the fiscal quarter ended 
       February 28, 1999 or

[   ]  Transition report pursuant to section 13 or 15(d) of the   
       Securities Exchange Act of 1934
       For the transition period from __________ to __________

Commission File No. 0-9793

                      MINEX RESOURCES, INC.
___________________________________________________________________
     (Exact name of Registrant as specified in its charter)

            Wyoming                              83-0248003     
________________________________            _______________________
(State or other jurisdiction                (I.R.S. Employer
of incorporation or organization)            Identification No.)

7227 Bridle Drive
Cheyenne, Wyoming                                82009-1016     
-------------------------------------------------------------------
(Address of principal                             (Zip Code)
executive offices)

Registrant's telephone number:   (307)635-3526

NONE
-------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed
since last report)

     Check whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities and
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           NO   X  
                         -----        -----

     State the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.

       Class                          Outstanding at April 3, 1999
-----------------------------         ----------------------------
Common stock, $.001 par value                47,700,000 shares

                      MINEX RESOURCES, INC.

                              Index

PART I.        FINANCIAL INFORMATION

     ITEM 1.   Financial Statements

     Condensed Balance Sheet--February 28, 1999 & November 30, 1998

     Condensed Statements of Operations--Three and Twelve Months
       Ended February 28, 1999 and February 28, 1998

     Condensed Statements of Cash Flows--Three Months Ended
       February 28, 1999 and February 28, 1998

     Notes to Condensed Financial Statements

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

PART II.       OTHER INFORMATION

     ITEM 3.   Exhibits and Reports on Form 8-K

     Signatures

                      MINEX RESOURCES, INC.

                 PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements


                 Accountant's Compilation Report
                 -------------------------------


To the Board of Directors
Minex Resources, Inc.
Cheyenne, Wyoming  


     We have compiled the accompanying balance sheets of Minex
Resources, inc. (a corporation) as of February 28, 1999 and
November 30, 1998, and the related statements of operations and
cash flows for the quarter and year to date ended February 28,
1999, and the statements of operations and cash flows for the
quarter and year to date ended February 28, 1998, in accordance
with Statements on Standards for Accounting and Review Services
issued by the American Institute of Certified Public Accountants.

     A compilation is limited to presenting in the form of
financial statements information that is the representation of
management.  We have not audited or reviewed the accompanying
financial statements and, accordingly, do not express an opinion or
any other form of assurance on them.

     Management has elected to omit substantially all of the
disclosures required by generally accepted accounting principles. 
If the omitted disclosures were included in the financial
statements, they might influence the user's conclusions about the
Company's financial position, results of operations, and cash
flows.  Accordingly, these financial statements are not designed
for those who are not informed about such matters.


                                   /s/ Clifford H. Moore & Co.
                                   April 19, 1999


                      MINEX RESOURCES, INC.

                         BALANCE SHEETS

          AS OF FEBRUARY 28, 1999 AND NOVEMBER 30, 1998

               SEE ACCOUNTANT'S COMPILATION REPORT

                             ASSETS

                                      February 28,  November 30,
                                          1999          1998    
CURRENT ASSETS:
  Cash                                 $       355   $     1,482
                                       -----------   -----------
      Total current assets             $       355   $     1,482
                                       -----------   -----------
PROPERTY AND EQUIPMENT, AT COST:
  Oil & gas properties, utilizing
    the full cost method               $ 1,152,938   $ 1,152,938
  Undeveloped and developed mining
    properties                             219,573       216,261
  Equipment and organization costs          72,972        72,972
                                       -----------   -----------
      Total properties and equipment   $ 1,445,483   $ 1,442,171

  Accumulated depreciation, depletion
    & amortization                    (    962,650) (    962,650)
                                       -----------   -----------
                                       $   482,833   $   479,521
                                       -----------   -----------
OTHER ASSETS:
  Investment in affiliate (Note 3)     $    94,577   $    94,577
                                       -----------   -----------

TOTAL ASSETS                           $   577,765   $   575,580
                                       ===========   ===========
              LIABILITIES AND STOCKHOLDERS' EQUITY
              ------------------------------------

CURRENT LIABILITIES:
  Notes payable - Bank                 $    12,000   $     5,000
  Accounts payable                           9,505         9,505
  Accrued liabilities - officers            75,122        73,622
                      - others                 290           242
                                       -----------   -----------
      Total current liabilities        $    96,917   $    88,369
                                       -----------   -----------
STOCKHOLDERS' EQUITY:
  Preferred stock, $.001 par value;
    authorized 10,000,000 shares, none
    outstanding                        $       -0-   $       -0-
  Common stock, 1 mill par value;
    authorized 100,000,000 shares,
    issued and outstanding
    47,700,000 shares                       47,700        47,700
  Capital in excess of par value         2,581,431     2,581,431
  Retained deficit                    (  2,148,283) (  2,141,920)
                                       -----------   -----------
      Total stockholders' equity       $   480,848   $   487,211
                                       -----------   -----------
TOTAL LIABILITIES AND STOCKHOLDERS'
  EQUITY                               $   577,765   $   575,580
                                       ===========   ===========


                      MINEX RESOURCES, INC.

                    STATEMENTS OF OPERATIONS

          FOR THE FIRST QUARTER AND YEAR TO DATE ENDED
                   FEBRUARY 28, 1999 AND 1998

               SEE ACCOUNTANT'S COMPILATION REPORT

                                           First quarter and    
                                           year to date ended   
                                      February 28,  February 28,
                                          1999          1998    
                                      ------------  ------------
REVENUES:
  Oil and gas sales                      $ 1,367       $ 2,994
                                         -------       -------
COSTS AND EXPENSES:
  Oil and gas production expenses        $ 1,130       $   908
  Mineral property                           -0-           -0-
  Depreciation, depletion and
    amortization                             -0-           -0-
  General and administrative               6,438         2,973
  Interest                                   162           153
                                         -------       -------
      Total costs and expenses           $ 7,730       $ 4,034
                                         -------       -------
INCOME (LOSS) BEFORE INCOME TAX
  (BENEFITS)                            ($ 6,363)     ($ 1,040)
PROVISION FOR INCOME TAX                     -0-           -0-
                                         -------       -------
NET INCOME (LOSS)                       ($ 6,363)     ($ 1,040)
                                         =======       =======

INCOME (LOSS) PER COMMON SHARE           $     *       $     *
                                         =======       =======
WEIGHTED AVERAGE NUMBER OF COMMON
  AND COMMON EQUIVALENT SHARES
  OUTSTANDING                         47,700,000    47,700,000
                                      ==========    ==========

*  Less than $.01 per share


                      MINEX RESOURCES, INC.

                    STATEMENTS OF CASH FLOWS

        FOR THE QUARTERS ENDED FEBRUARY 28, 1999 AND 1998

               SEE ACCOUNTANT'S COMPILATION REPORT


                                      February 28,  February 28,
                                          1999          1998    
                                      ------------  ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                     ($ 6,363)     ($ 1,040)

ADJUSTMENTS TO RECONCILE NET INCOME
  (LOSS) TO NET CASH PROVIDED BY
  OPERATING ACTIVITIES:
  Other liabilities                        1,548      (    316)

CHANGES IN ASSETS AND LIABILITIES:
  Accounts payable                           -0-      (  3,312)
                                         -------       -------
      Net cash (used) by operations     ($ 4,815)     ($ 4,668)
                                         -------       -------
INVESTING ACTIVITIES:
  Capital expenditures                  ($ 3,312)      $   -0-
                                         -------       -------
FINANCING ACTIVITIES:
  Additions to short term debt           $ 7,000       $ 4,500
  Reductions of short term debt              -0-           -0-
                                         -------       -------
      Net cash provided (used) by
        financing activities             $ 7,000       $ 4,500
                                         -------       -------
Net increase (decrease) in cash and
  cash equivalents                      ($ 1,127)     ($   168)
Cash and cash equivalents at beginning
  of year                                  1,482           251
                                         -------       -------
      Cash and cash equivalents at
        end of quarter                   $   355       $    83
                                         =======       =======
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
  INFORMATION:
Interest paid                            $    76       $   153
                                         =======       =======
                      MINEX RESOURCES, INC.

             Notes to Condensed Financial Statements

     1)  The Condensed Balance Sheet as of February 28, 1999, the
Condensed Statements of Operations for the three months ended
February 28, 1999 and February 28, 1998, and the Condensed
Statements of Cash Flows for the three months ended February 28,
1999 and February 28, 1998, have been prepared by the Company
without audit.  In the opinion of the Company, the accompanying
financial statements contain all adjustments (consisting of only
normal recurring accruals) necessary to fairly present the
financial position of the Company as of February 28, 1999, the
results of operations for the three months and twelve months ended
February 28, 1999 and February 28, 1998, and the cash flows for the
three months then ended.

     2)  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with
generally accepted accounting principles have been condensed or
omitted.  It is suggested that these financial statements be read
in conjunction with the Company's November 30, 1998, Form 10-KSB.

     3)  On August 15, 1983, Minex Resources, Inc. acquired 45%
(4,500 shares) of the outstanding stock of Methanol Production
Corporation ("MPC").  On July 12, 1988, the assets of MPC were sold
to UNICO, Inc.  As a result of this transaction, and a later
decision to liquidate MPC, Minex received 945,773 shares of UNICO
common stock which was reduced to 47,288 shares after a 20 to 1
reverse split on July 28, 1994.  In accordance with currently
acceptable accounting practices, Minex shows 80% of the NASDAQ
market value of UNICO stock ($.125 bid as of July 12, 1988)
on its balance sheet.  The bid price of UNICO, Inc. as of
November 30, 1998 was $2.00.  No adjustments have been made to
carrying value to reflect current market value.

     4)  The results of operations for the periods ended February
28, 1999 and February 28, 1998, are not necessarily indicative of
the operating results for the full year.


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


Liquidity and Capital Resources

     The Company's working capital decreased by $4,815 during the
three months ended February 28, 1999, resulting in negative working
capital of $91,702 at the end of the period.  The decrease in
working capital is primarily a result of expenditures for various
general and administrative expenses.

     The Company anticipates that it will be able to meet its
capital requirements for the remainder of the year ending November
30, 1999.  The employment circumstances of the President of Minex
have recently changed.  Management is actively looking at possible
ways to recapitalize the Company.  No assurance can be given that
this will occur.

Results of Operations

     The Company had lower revenues from operations during the
three months ended February 28, 1999, when compared to the
corresponding period of the prior year.  This is a reflection of
lower oil and gas prices.  No advance royalties were due or
received from Nevada gold property leases this quarter.

     General and administrative costs increased by $3,465 during
the three months ended February 28, 1999, from the same period of
the previous year.  This increase in general and administrative
expenses is due primarily to an increase in the cost of
professional services.

     The Company's operations consist primarily of administrative
activities associated with the preparation of various reports and
documents as required by law, and keeping the Nevada mining claims
current and intact.  A limited amount of mineral prospecting work
was completed this quarter.

PART II.  OTHER INFORMATION

     Item 3.  Exhibits and Reports on Form 8-K.

     (a)  Exhibits.  None.
     (b)  Reports on Form 8-K.  There are no reports filed by the
          Company on Form 8-K for the quarter ended February 28,
          1999.

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, hereunto duly authorized.

                                   MINEX RESOURCES, INC.
                                   (Registrant)


Date:  April 26, 1999              By:  /s/ Dennis W. Tippets
                                   --------------------------
                                   President and Principal
                                   Financial Officer