TABLE OF CONTENTS



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|PART I.           |                                        |                                                                                                                                               |    |     
|                  | ITEM 1. FINANCIAL STATEMENTS           |                                                                                                                                               |    | 3    |  
|                  |                                        | Unaudited  Balance Sheet as of March 31, 2005                                                                                                 |    |      | 4 | 
|                  |                                        |                                                                                                                                               |    |      |   | 
|                  |                                        | Unaudited Statement of Operations for the three months ended March 31, 2005 and 2004 and the period since Date of Inception to March 31, 2005 |    |      | 5 | 
|                  |                                        | Unaudited Statement of Cash Flows for the three months ended March 31, 2005 and 2004 and the period since Date of Inception to March 31, 2005 |    |      | 6 | 
|                  |                                        | Notes to Unaudited Financial Statements                                                                                                       |    |      | 7 | 
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|                  | ITEM 2. MANAGEMENT'S PLAN OF OPERATION |                                                                                                                                               |    | 8    |  
|                  | ITEM 3. CONTROLS AND PROCEDURES        |                                                                                                                                               |    | 11   |  
|PART II.          |                                        |                                                                                                                                               |    |     
|                  |                                        |                                                                                                                                               |    |      |  
|                  |                                        |                                                                                                                                               |    |      |  
|                  | ITEM 6. EXHIBITS                       |                                                                                                                                               |    | 11   |  
|                  | SIGNATURES                             |                                                                                                                                               |    | 12   |  
|INDEX TO EXHIBITS |                                        |                                                                                                                                               | 13 |     

2

### INDEX TO EXHIBITS

|Exhibit No. | Page No. | Description                                                                                                                                                                                                                      
|----------- | -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3(i)(a)     | *        | Articles of Incorporation of the Company, formally known as Aswan Investments, Inc. (incorporated herein
 by reference from Exhibit No. 3(i) of the Company's Form 10-SB as filed with the SEC on February 3,
 2000)             
|3(i)(b)     | *        | Amendment to Articles of Incorporation filed with the State of Nevada on August 5, 2002 (incorporated
 herein by reference from Exhibit No. 3(i)(b) of the Company's Form 8-K as filed with the SEC on August
 15, 2002).        
|3(i)(c)     | *        | Amendment to Articles of Incorporation filed with the State of Nevada on October 12, 2004. (incoporated herein by reference from Exhibit
No. 3(i)(c) of the Company's Form 10-QSB filed with the SEC on November 8, 2004).       
|3(ii)       | *        | By-laws of the Company adopted on December 10, 1999 formally known as Aswan Investments, Inc. (incorporated
 herein by reference from Exhibit No. 3(i) of the Company's Form 10-SB as filed with the SEC on February
 3, 2000).  
|10(i)       | *        | Option Purchase Agreement between the Company and Monument Resources, Inc. dated July 19, 2002 (incorporated
 herein by reference from Exhibit No. 10(i) of the Company's Form 10-QSB/A filed with the SEC on November
 8, 2002).
|14          | *        | Code of Ethics adopted April 14, 2004 (incorporated herein by reference from Exhibit 14 of the Company's
 Form 10KSB/A filed with the SEC on April 16, 2004).                                                                    
|23(i)       | *        | Consent of Joseph Anzman, Registered Geophysicist dated November 23, 2002 (incorporated herein by reference
 from Exhibit 23(i) of the Company's Form SB-2/A-2 filed with the SEC on November 29, 2002).                         
|31          | Attached | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14 of the
 Securities and Exchange Act of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley
 Act of 200    
|32          | Attached | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section
 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                

* Incorporated by reference from previous filings of the Company.