U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-KSB

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
                                    For the fiscal year ended December 31, 2001.

[ ]  TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                       For the transition period from __________ to ___________.

                                                 Commission file number: 0-32019

                              TASKER CAPITAL CORP.
                 ______________________________________________
                 (Name of small business issuer in its charter)

      Nevada                                                88-0426048
______________________________                           ____________________
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                            Identification  No.)

Suite 314-837 West Hastings Street, Vancouver, BC Canada       V6C 3N6
________________________________________________________      __________
(Address of principal executive offices)                      (Zip Code)

Issuer's telephone number:    (604) 642-6410
                            -------------------

Securities registered under Section 12(b) of the Act:     None

Securities registered under Section 12(g) of the Exchange Act:  Common Stock,
                                                             __________________
                                                             (Title of class)

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 past 90 days.

Yes   [X]   No  [ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10KSB.    [ ]

Issuer's revenues for its most recent fiscal year ended December 31, 2001: $Nil

<PAGE>


Aggregate market value of voting stock held by non-affiliates of the issuer as
of March 28, 2002: N/A

Number of shares of common stock, $.001 par value, outstanding on March 28,
2002: 11,262,010

DOCUMENTS INCORPORATED BY REFERENCE

Transitional Small Business Disclosure Format: Yes [ ]   No [X]


<PAGE>

                                 FORM 10-KSB
                              TABLE OF CONTENTS


PART I
Item 1.   Description of Business                                              1
Item 2.   Description of Property                                             14
Item 3.   Legal Proceedings                                                   14
Item 4.   Submission or Matters to a Vote of Security Holders                 14

PART II
Item 5.   Market for Common Equity and Related Stockholder Matters            15
Item 6.   Management's Discussion and Analysis or Plan of Operation           15
Item 7.   Financial Statements                                                18
Item 8.   Changes In and Disagreements with Accountants on
          Accounting and Financial Disclosure                                 19

PART III
Item 9.   Directors, Executive Officers, Promoters and Control Persons;
          Compliance With Section 16(a) of the Exchange Act                   19
Item 10.  Executive Compensation                                              21
Item 11.  Security Ownership of Certain Beneficial Owners and Management      21
Item 12.  Certain Relationships and Related Transactions                      23
Item 13.  Exhibits and Reports on Form 8-K                                    24

<PAGE>

                                     PART I

ITEM 1:   DESCRIPTION OF BUSINESS

(a)   Business Development

Tasker Capital Corp. (the "Company") was organized as a Nevada corporation on
February 2, 1999, to explore for and, if possible, develop mineral properties
primarily in the Province of British Columbia, Canada, through its wholly owned
subsidiary, Tanuta Ventures Corp. ("Tanuta").

Tanuta was incorporated under the laws of the Province of British Columbia,
Canada, on May 13, 1996. Tanuta's head office is Suite 314 - 837 West Hastings
Street, Vancouver, British Columbia, V6C 1B6.

(b)   Business of the Company

The Company and Tanuta were organized for the purpose of engaging in the
acquisition, exploration of mineral properties, primarily in the Province of
British Columbia, Canada. The Company currently has a working capital
deficiency of approximately <$147,542> as at December 31, 2001.

The Company does not expect to commence any further exploration activity until
it is listed for trading on the NASD OTC Bulletin Board. At that time the
Company intends to raise additional funds from public financings or private
placements in order to continue its exploration activities. At the present
time, management of the Company plans to satisfy its day to day cash
requirements by obtaining loans from certain of the Company's Directors,
Officers and/or Shareholders in order to satisfy working capital needs. There
can be no assurance that the Company will obtain such additional financing on a
timely basis.  To date the Company has not earned revenues and is conducting
only minimal business operations.

The Company is in the Exploration Stage and is engaged in the search for mineral
deposits which are not in either the Development Stage or Production Stage. It
is a new company with a limited operating history. It faces all of the risks
inherent in a new business. There can be no assurance that a commercially viable
mineral deposit will be located.

Maurizio Grande, Director of the Company, is co-owner of a private company in
the marble products industry. Maurizio Grande does not have formal experience
in mineral exploration. However, he has acted on the board of directors for
public mineral exploration companies listed on the Canadian Venture Exchange.

The Company entered into a share exchange agreement dated March 31, 1999 with
Tanuta, the Company's wholly owned subsidiary, and the shareholders of Tanuta,
whereby the Company agreed to purchase all of the 11,000,010 outstanding common
shares of Tanuta in exchange for 11,000,010 common shares of the Company, at a
value of nil which is the fair value of the shares exchanged in the transaction
with the Tanuta shareholders. Accordingly, Tanuta is a wholly owned subsidiary
of the Company. See the section headed "Subsidiaries" herein.

<PAGE>

The Company by way of its subsidiary, Tanuta, acquired an option to acquire an
interest in the Star, Pul, Sun and Skarn Claims. In December 2001, the Company
allowed the option to expire rather than making a December 31, 2001 option
payment of CDN$50,000 (approximately US$33,333). The Company does not expect to
commence additional exploration activity until it is listed for trading on the
NASD OTC Bulletin Board. At that time the Company intends to raise additional
funds from public financings or private placements in order to fund future
exploration activity.


ITEM 3:   LEGAL PROCEEDINGS

There are no current or pending material legal proceedings to which the Company
is or is likely to be a party or of which any of its property is or is likely to
be the subject of.


ITEM 4:   SUBMISSION OR MATTERS TO A VOTE OF SECURITY HOLDERS

The Company had an annual meeting of stockholders on December 18, 2000. The
following table sets forth certain information relating to each of the matters
voted upon at the meeting:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
Matters Voted Upon                        Votes For           Votes Against           Abstentions     Broker
                                                              or Withheld                             Non- Votes
------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                       <C>                     <C>              <C>
Election of Directors:
     1. Alfredo De Lucrezia             7,251,510                 Nil                     Nil              Nil
     2. Maurizio Grande                 7,251,510                 Nil                     Nil              Nil
     3. Michael Hu                      7,251,510                 Nil                     Nil              Nil
------------------------------------------------------------------------------------------------------------------
Ratification of the employment of the
Company's independent Auditor, Morgan &
Company, Chartered Accountants, for the
Company's fiscal year ending December
31, 2000                                7,251,510                 Nil                     Nil              Nil
------------------------------------------------------------------------------------------------------------------
</TABLE>

                                 PART II

ITEM 5:   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

(a)   Market information - There is no public trading market for the
Company's Common Stock. The Company intends to apply to have the Common Stock
quoted on the OTC Bulletin Board upon effectiveness of its Form 10-SB
registration statement and its acceptance by the NASD. No assurance can be
given that such application will be approved, and if approved, that an active
trading market for the Common Stock will materialize or be maintained.

There are no outstanding options or warrants to purchase, or securities
convertible into, shares of Common Stock.

As of the date hereof, there are 11,262,010 shares of Common stock that could be
sold pursuant to Rule 144 under the Securities Act of 1933, as amended, and the
Company has not agreed to register any shares of Common Stock under the
Securities Act of 1933 for sale by security holders. None of the holders of the
Company's common shares have any right to require the Company to register its
common shares pursuant to the Securities Act of 1933.

(b)   Holders - As of the date of this Report, there were approximately
thirty-five (35) holders of record of the Company's Common Stock.

<PAGE>

(c)   Dividends - The Company has not declared any cash dividends for the last 2
fiscal years. There are no dividend restrictions in the Company. The Company
has not declared any cash dividends for the last

ITEM 6:   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The Company and its wholly owned subsidiary, Tanuta, are in the business of
acquiring and exploring mineral properties and do not have a source of revenue
at this time.

(a)   Plan of Operation.

As at the financial period ended December 31, 2001, the Company incurred a net
loss of $59,060 and as at that date, the Company's current liabilities exceeded
its current assets by $147,542.

The Company does not expect to conduct any exploration work until it is listed
for trading on the NASD OTC Bulletin Board. At that time the Company intends to
raise additional funds from public financings or private placements in order to
fund exploration activity. However, for the next 12 months, management of the
Company plans to satisfy its day to day cash requirements by obtaining loans
from certain of the Company's Directors, Officers and/or Shareholders in order
to satisfy working capital needs and maintain its Property in good standing. As
at December 31, 2001, advances of $47,853 have been made to the Company by a
Director. The advances are interest free and have no specified terms of
repayment.

The Company has incurred a net loss of $357,027 for the period from May 13, 1996
(inception) to December 31, 2001, and has no sales. The future of the Company
is dependent upon its ability to obtain financing and upon future profitable
operations from the development of its mineral properties. Once the Company has
listed for trading on the NASD OTC Bulletin Board, Management plans to seek
additional capital through public offerings or private placements of its common
stock. As discussed in Note 1 of the consolidated audited financials
statements, the Company's recurring loss from operations, its difficulties in
generating sufficient cash flow to meet its obligations and sustain its
operations and its stockholders' capital deficiency raise substantial doubt
about its ability to continue as a going concern. The consolidated audited
financial statements do not include any adjustments relating to the
recoverability and classification of recorded assets, or the amounts of any
classification of liabilities that might be necessary in the event the Company
cannot continue in existence.

The Company does not expect any significant changes in the number of its
employees within the next 12 months.

(b)   Management Discussion and Analysis of Financial Condition and Results of
Operations.

The discussion and analysis in this section is based on the consolidated
financial statements of the Company and its wholly owned subsidiary, Tanuta ,
and includes the accounts of both companies.

<PAGE>

(1)   Full Fiscal Years ended December 31, 2001 and 2000

The Company had incurred a net loss of $59,060 for the year ended December 31,
2001, and $60,388 for the year ended December 31, 2000. As at December 31,
2001, the Company had an accumulated deficit of $357,322.

Administrative and property exploration and maintenance costs were $59,060 for
the year ended December 31, 2001, and $60,388 for the year ended December 31,
2000.

In December 2001, the Company allowed the option to expire on its mineral
property rather than making the required CDN$50,000 (approximately US$33,333)
payment.

As at the years ended December 31, 2001 and 2000, the Company had an issued and
outstanding capital of 11,262,010 common shares.


ITEM 7:   FINANCIAL STATEMENTS

INSERT DECEMBER 31, 2001 CONSOLIDATED AUDITED FINANCIAL STATEMENTS

<PAGE>







                           TASKER CAPITAL CORP.
                       (AN EXPLORATION STAGE COMPANY)


                      CONSOLIDATED FINANCIAL STATEMENTS


                          DECEMBER 31, 2001 AND 2000
                            (STATED IN U.S. DOLLARS)

<PAGE>







                              AUDITORS' REPORT




To the Shareholders
Tasker Capital Corp.


We have audited the consolidated balance sheets of Tasker Capital Corp. (an
exploration stage company) as at December 31, 2001 and 2000, and the
consolidated statements of operations and deficit, cash flows and stockholders'
equity for the years then ended. These consolidated financial statements are
the responsibility of the Company's management. Our responsibility is to
express an opinion on these consolidated financial statements based on our
audits.

We conducted our audits in accordance with United States generally accepted
auditing standards. Those standards require that we plan and perform an audit
to obtain reasonable assurance whether the financial statements are free of
material misstatement. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, these consolidated financial statements present fairly, in all
material respects, the financial position of the Company as at December 31, 2001
and 2000, and the results of its operations, cash flows and changes in
stockholders' equity for the years then ended, and for the period from
inception, May 13, 1996 to December 31, 2001 in accordance with United States
generally accepted accounting principles.

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern. As discussed in Note 1 to the
consolidated financial statements, the Company's recurring loss from operations,
its difficulties in generating sufficient cash flow to meet its obligations and
sustain its operations and its stockholders' capital deficiency raise
substantial doubt about its ability to continue as a going concern. The
consolidated financial statements do not include any adjustments that might
result from the outcome of this uncertainty.




Vancouver, B.C.                                             /s/ Morgan & Company

March 25, 2002                                             Chartered Accountants

<PAGE>

                                 TASKER CAPITAL CORP.
                           (AN EXPLORATION STAGE COMPANY)

                            CONSOLIDATED BALANCE SHEETS
                              (STATED IN U.S. DOLLARS)


--------------------------------------------------------------------------------
                                                                 DECEMBER 31
                                                            2001          2000
--------------------------------------------------------------------------------

ASSETS

Current
   Cash                                                  $      12    $     244
   Goods and Services Tax recoverable                          517        1,813
                                                         ----------------------
                                                               529        2,057
                                                         ----------------------

Mineral Property Interest (Note 3)                            -            -
                                                         ----------------------

                                                         $     529    $   2,057

LIABILITIES

Current
   Accounts payable                                      $ 100,218    $  66,365
   Advances payable (Note 4)                                47,853       31,410
                                                         ----------------------
                                                           148,071       97,775
                                                         ----------------------

SHAREHOLDERS' DEFICIENCY

Share Capital
   Authorized:
    50,000,000 common shares, par value $0.001
     per share at December 31, 2001 and 2000
   Issued and Outstanding:
    11,262,010 at December 31, 2001 and 2000               197,337      197,337

Contributed Surplus                                          5,415        5,415

Cumulative Translation Adjustment                            7,028         (208)

Deficit Accumulated During The Exploration Stage          (357,322)    (298,262)
                                                         ----------------------
                                                          (147,542)     (95,718)
                                                         ----------------------

                                                         $     529    $   2,057
================================================================================

<PAGE>

                             TASKER CAPITAL CORP.
                       (AN EXPLORATION STAGE COMPANY)

              CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
                          (STATED IN U.S. DOLLARS)

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                                                                                                INCEPTION
                                                                                                  MAY 13
                                                                          YEARS ENDED            1996 TO
                                                                          DECEMBER 31          DECEMBER 31
                                                                      2001          2000          2001
-----------------------------------------------------------------------------------------------------------
<S>                                                                <C>           <C>           <C>
Expenses
   Management fees                                                 $    19,369   $    20,186   $   109,563
   Office and sundry                                                     4,700         4,332        16,595
   Professional fees                                                    25,224        20,614        72,109
   Rent                                                                  5,811         6,056        31,753
   Mineral property costs                                                3,956         9,200       127,007
                                                                   ---------------------------------------

Loss For The Period                                                     59,060        60,388   $   357,027
                                                                                               ===========

Accumulated Deficit, Beginning Of Period                               298,262       237,874

Accumulated Deficit, End Of Period                                 $   357,322   $   298,262
============================================================================================

Loss Per Share                                                     $      0.01   $      0.01
============================================================================================

Weighted Average Number Of Shares Outstanding                       11,262,010    11,262,010
============================================================================================

Comprehensive Income (Loss)
   Loss for the period                                             $   (59,060)  $   (60,388)
   Foreign currency translation adjustment                               7,236         2,230
                                                                   -------------------------
                                                                   $   (51,824)  $   (58,158)
============================================================================================
</TABLE>


<PAGE>

                                 TASKER CAPITAL CORP.
                            (AN EXPLORATION STAGE COMPANY)

                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (STATED IN U.S. DOLLARS)

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                                                                                                INCEPTION
                                                                                                  MAY 13
                                                                          YEARS ENDED            1996 TO
                                                                          DECEMBER 31          DECEMBER 31
                                                                      2001          2000          2001
-----------------------------------------------------------------------------------------------------------
<S>                                                                <C>           <C>           <C>
Cash Flows From Operating Activities
   Loss for the period                                             $   (59,060)  $   (60,388)  $  (357,027)

Changes In Operating Assets And Liabilities
   Goods and Services Tax recoverable                                    1,296         2,436          (517)
   Accounts payable                                                     33,853        23,577        99,073
                                                                   ---------------------------------------
Net Cash Used In Operating Activities                                  (23,911)      (34,375)     (258,471)
                                                                   ---------------------------------------

Cash Flows From Financing Activities
   Advances payable                                                     16,443        31,410        47,853
   Issue of share capital                                                 -             -          185,908
   Cash acquired on acquisition of subsidiary                             -             -              850
   Share subscriptions received                                           -             -           16,844
                                                                   ---------------------------------------
Net Cash Used In Financing Activities                                   16,443        31,410       251,455
                                                                   ---------------------------------------

Effect Of Exchange Rate Changes On Cash                                  7,236         2,230         7,028
                                                                   ---------------------------------------

Increase (Decrease) In Cash                                               (232)         (735)           12

Cash, Beginning Of Period                                                  244           979          -
                                                                   ---------------------------------------

Cash, End Of Period                                                $        12   $       244   $        12
==========================================================================================================
</TABLE>


<PAGE>

                              TASKER CAPITAL CORP.
                         (AN EXPLORATION STAGE COMPANY)

                  CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                            (STATED IN U.S. DOLLARS)

<TABLE>
<CAPTION>
                                                                                                            Deficit
                                                   Common Stock                                            Accumulated
                                       -------------------------------------
                                        Number                   Additional                  Cumulative    During The
                                          Of                       Paid-In    Contributed    Translation   Exploration
                                         Shares       Amount       Capital       Surplus      Adjustment      Stage        Total
                                       --------------------------------------------------------------------------------------------
<S>                                    <C>          <C>          <C>          <C>          <C>          <C>          <C>
Issuance of common stock                       1    $        1   $     -      $     -      $     -      $     -      $        1
Net loss                                    -             -            -            -            -         (14,237)     (14,237)
                                       --------------------------------------------------------------------------------------------
Balance, December 31, 1996                     1             1         -            -            -         (14,237)     (14,236)

Issuance of common stock               1,750,000       185,907         -            -            -            -         185,907
Translation adjustment                      -             -            -            -            (743)        -            (743)
Net loss                                    -             -            -            -            -        (143,437)    (143,437)
                                       --------------------------------------------------------------------------------------------

Balance, December 31, 1997             1,750,001       185,908         -            -            (743)    (157,674)      27,491

Cancellation of common stock            (750,000)       (5,415)        -           5,415         -            -            -
Translation adjustment                      -             -            -            -            (579)        -            (579)
Net loss                                    -             -            -            -            -         (45,387)     (45,387)
                                       --------------------------------------------------------------------------------------------

Balance, December 31, 1998             1,000,001       180,493         -           5,415       (1,322)    (203,061)     (18,475)
</TABLE>

<PAGE>
               TASKER CAPITAL CORP.
             (AN EXPLORATION STAGE COMPANY)

      CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (CONTINUED)
              (STATED IN U.S. DOLLARS)

<TABLE>
<CAPTION>
                                                                                                            Deficit
                                                   Common Stock                                            Accumulated
                                       -------------------------------------
                                        Number                   Additional                  Cumulative    During The
                                          Of                       Paid-In    Contributed    Translation   Exploration
                                         Shares       Amount       Capital       Surplus      Adjustment      Stage        Total
                                       --------------------------------------------------------------------------------------------
<S>                                    <C>          <C>          <C>          <C>          <C>          <C>          <C>
Balances carried forward                 1,000,001     180,493         -           5,415       (1,322)    (203,061)     (18,475)

Issuance of common stock                   100,000      16,844         -            -            -            -          16,844

Increase in issued common stock
 due to 10 for 1 stock split             9,900,009        -            -            -            -            -            -

Adjustment to number of shares
 issued and outstanding as a
 result of the reverse take-over
 transaction
 Tanuta Ventures Inc.                  (11,000,010)       -            -            -            -            -            -

 Tasker Capital Corp.                      262,000        -            -            -            -            -            -

Ascribed value of shares issued in
 connection with the acquisition of
 Tanuta Ventures Inc.                   11,000,010        -            -            -            -            -            -

Net asset deficiency of legal parent
 at date of reverse take-over
 transaction                                  -           -            -            -            -            (295)        (295)

Translation adjustment                        -           -            -            -          (1,116)        -          (1,116)

Net loss                                      -           -            -            -            -         (34,518)     (34,518)
                                       --------------------------------------------------------------------------------------------

Balance, December 31, 1999              11,262,010     197,337         -           5,415       (2,438)    (237,874)     (37,560)

Translation adjustment                        -           -            -            -           2,230         -           2,230

Net loss                                      -           -            -            -            -         (60,388)     (60,388)
                                       --------------------------------------------------------------------------------------------

Balance, December 31, 2000              11,262,010     197,337         -           5,415         (208)    (298,262)     (95,718)

Translation adjustment                        -           -            -            -           7,236         -           7,236

Net loss                                      -           -            -            -            -         (59,060)     (59,060)
                                       --------------------------------------------------------------------------------------------

Balance, December 31, 2001              11,262,010  $  197,337   $     -      $    5,415   $    7,028   $ (357,322)  $ (147,542)
===================================================================================================================================
</TABLE>

<PAGE>

                                TASKER CAPITAL CORP.
                          (AN EXPLORATION STAGE COMPANY)

                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                             DECEMBER 31, 2001 AND 2000
                               (STATED IN U.S. DOLLARS)


1.   OPERATIONS

     Exploration Stage Activities

     The Company has been in the exploration stage since its formation and has
     not yet realized any revenues from its planned operations. It is primarily
     engaged in the acquisition and exploration of mining properties. Upon
     location of a commercial minable reserve, the Company expects to actively
     prepare the site for its extraction and enter a development stage.

     Going Concern

     The accompanying financial statements have been prepared assuming that the
     Company will continue as a going concern.

     As shown in the accompanying financial statements, the Company has incurred
     a net loss of $357,027 for the period from May 13, 1996 (inception) to
     December 31, 2001, and has no sales. The future of the Company is dependent
     upon its ability to obtain financing and upon future profitable operations
     from the development of its mineral properties. Management has plans to
     seek additional capital through a private placement and public offering of
     its common stock. The financial statements do not include any adjustments
     relating to the recoverability and classification of recorded assets, or
     the amounts of and classification of liabilities that might be necessary in
     the event the Company cannot continue in existence.


2.   SIGNIFICANT ACCOUNTING POLICIES

     The financial statements of the Company have been prepared in accordance
     with generally accepted accounting principles in the United States. Because
     a precise determination of many assets and liabilities is dependent upon
     future events, the preparation of financial statements for a period
     necessarily involves the use of estimates which have been made using
     careful judgement.

     The financial statements have, in management's opinion, been properly
     prepared within reasonable limits of materiality and within the framework
     of the significant accounting policies summarized below:

     a)   Consolidation

          These financial statements include the accounts of the Company,
          incorporated in Nevada, and its wholly owned Canadian subsidiary,
          Tanuta Ventures Corp.

<PAGE>

                                TASKER CAPITAL CORP.
                          (AN EXPLORATION STAGE COMPANY)

                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                             DECEMBER 31, 2001 AND 2000
                               (STATED IN U.S. DOLLARS)


2.   SIGNIFICANT ACCOUNTING POLICIES (Continued)

     b)   Use of Estimates

          The process of preparing financial statements in conformity with
          generally accepted accounting principles requires the use of estimates
          and assumptions regarding certain types of assets, liabilities,
          revenues, and expenses. Such estimates primarily relate to unsettled
          transactions and events as of the date of the financial statements.
          Accordingly, upon settlement, actual results may differ from estimated
          amounts.

     c)   Option Payments and Exploration Costs

          The Company expenses all costs related to the maintenance and
          exploration of mineral claims in which it has secured exploration
          rights prior to establishment of proven and probable reserves. To
          date, the Company has not established the commercial feasibility of
          its exploration prospects, therefore, all costs are being expensed.

     d)   Income Taxes

          The Company has adopted Statement of Financial Accounting Standards
          No. 109 - "Accounting for Income Taxes" (SFAS 109). This standard
          requires the use of an asset and liability approach for financial
          accounting and reporting on income taxes. If it is more likely than
          not that some portion of all of a deferred tax asset will not be
          realized, a valuation allowance is recognized.

     e)   Foreign Currency Translation

          The Company's subsidiary's operations are located in Canada and its
          functional currency is the Canadian dollar. The financial statements
          of the subsidiary have been translated using the current method
          whereby the assets and liabilities are translated at the year end
          exchange rate, capital accounts at the historical exchange rate, and
          revenues and expenses at the average exchange rate for the period.
          Adjustments arising from the translation of the Company's subsidiary's
          financial statements are included as a separate component of
          shareholders' equity.

     f)   Financial Instruments

          The Company's financial instruments consist of cash, Goods and
          Services Tax recoverable, accounts payable, and advances payable.

<PAGE>

                                TASKER CAPITAL CORP.
                          (AN EXPLORATION STAGE COMPANY)

                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                             DECEMBER 31, 2001 AND 2000
                               (STATED IN U.S. DOLLARS)


2.   SIGNIFICANT ACCOUNTING POLICIES (Continued)

     f)   Financial Instruments (Continued)

          Unless otherwise noted, it is management's opinion that this Company
          is not exposed to significant interest or credit risks arising from
          these financial instruments. The fair value of these financial
          instruments approximate their carrying values, unless otherwise noted.

     g)   Loss Per Share

          Loss per share is calculated using the weighted average number of
          common shares outstanding during the period. Fully diluted earnings
          per share is not shown as the effect is anti-dilutive.


3.   MINERAL PROPERTY INTEREST

     By an agreement dated June 15, 1997, as amended, the Company was assigned
     an option to acquire a 100% interest, subject to a 3% net smelter return
     royalty, in certain mineral claims located in the Omineca Mining Division,
     British Columbia, Canada. Consideration for the assignment were cash
     payments totalling $25,025 (CDN$35,000 paid), expenditure of CDN$75,000 on
     exploration of the property by June 15, 1998 (completed), and additional
     cash payments totalling CDN$250,000 in intervals as follows:

     i)     CDN$50,000 on or before December 15, 2001
     ii)    CDN$75,000 on or before December 15, 2002
     iii)   CDN$125,000 on or before December 15, 2003

     During the year ended December 31, 2001, the Company allowed the option on
     the mineral property to expire rather than making the required option
     payment.


4.   RELATED PARTY TRANSACTIONS

                                                              2001       2000
                                                         -----------------------

     Management fees                                     $   19,369  $   20,186
                                                         =======================

     As at December 31, 2001, advances of $47,853 (2000 - $31,410) have been
     made to the Company by a related party. The advances are interest free and
     have no specified terms of repayment.

<PAGE>

                                TASKER CAPITAL CORP.
                          (AN EXPLORATION STAGE COMPANY)

                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                             DECEMBER 31, 2001 AND 2000
                               (STATED IN U.S. DOLLARS)


5.   INCOME TAXES

     No provision for income taxes has been provided in these financial
     statements due to the accumulated net losses. At December 31, 2001, the
     Company has net operating loss carryforwards, which expire commencing in
     2002 totalling approximately $234,000, the benefits of which have not been
     recorded.


6.   COMMITMENT

     The Company has entered into a management agreement with a director. The
     agreement is for management services at CDN $2,500 per month and is
     renewable annually on November 1.

<PAGE>

ITEM 8:   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE

The Company has had no changes in or disagreements with its accountants since
its inception in May, 1996.

                                   PART III

ITEM 9:   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

The following information sets forth the names of the directors, executive
officers, promoters control persons of the Company, their present positions with
the Company, and their biographical information.

1.   Directors and Officers
    ------------------------

================================================================================
        Name          Age        Position                Office held Since
--------------------------------------------------------------------------------
Alfredo De Lucrezia   34     President, Director         September 15, 1999
                                                       (resigned subsequent to
                                                           December 2001)
--------------------------------------------------------------------------------
Maurizio Grande       53         Director                February 2, 1999
--------------------------------------------------------------------------------
Michael Hu            36         Director                February 2, 1999
--------------------------------------------------------------------------------
Itay Ariel            25    Secretary, Treasurer         February 26, 1999
                                Vice-President             March 29, 1999
================================================================================


Each Director will hold office until the next Annual General Meeting of
Stockholders and until his successor is elected and qualified or until his
earlier resignation or removal. Each officer serves at the discretion of the
Board of Directors.

Mr. Maurizio Grande has been a Director of the Company since February 2, 1999.
Mr. Grande is the President and Co-Owner of Marble Art Canada, a private company
in the business of the manufacture and sale of granite and marble products,
since 1979. Through Marble Art Canada and other privately owned holding
companies, Mr. Grande has been involved in the real estate and development
business for the past 10 years. Clients looking to move or expand into new
premises contract Mr. Grande to locate buildings on their behalf and he provides
contractor services including, architectural and engineering consulting. Mr.
Grande also purchases buildings and other real estate properties for investment
and development purposes.  Mr. Grande was a Director of Orex Ventures Inc., a
public company listed on the Canadian Venture Exchange from January, 1999 to
October, 2000. Mr. Grande will provide services to the Company on a part-time
basis, as required for the business of the Company. There is no requirement on
Mr. Grande to provide a fixed amount of time in the service of the Company,
however, Mr. Grande spends approximately 10% of his time on the affairs of the
Company. The amount of time he spends on Company business will depend on the
needs of the Company.


<PAGE>

Mr. Michael Hu has been a Director of the Company since February 2, 1999. Mr. Hu
is the Beverage Manager of the Imperial Restaurant of Vancouver, British
Columbia, since January, 1991. Mr. Hu will provide services to the Company on a
part-time basis, as required for the business of the Company. There is no
requirement on Mr. Hu to provide a fixed amount of time in the service of the
Company, however, Mr. Hu spends approximately 10% of his time on the affairs of
the Company. The amount of time he spends on Company business will depend on
the needs of the Company.

Mr. Itay Ariel has been Secretary and Treasurer of the Company since February
26, 1999 and Vice-President of the Company since March 29, 1999. Mr. Ariel is a
self-employed jewelry wholesaler. Mr. Ariel will provide services to the
Company on a part-time basis, as required for the business of the Company. There
is no requirement on Mr. Ariel to provide a fixed amount of time in the service
of the Company, however, Mr. Ariel spends approximately 10% of his time on the
affairs of the Company. The amount of time he spends on Company business will
depend on the needs of the Company.

2.   Promoters
     ---------

The Company does not have any promoters other than the directors or officers of
the Company.

3.   Control Persons
     ---------------

Other than the directors or officers of the Company, which are considered
control persons of the Company, there are no persons holding greater than 20% of
the issued and outstanding shares of the Company.


ITEM 10:  EXECUTIVE COMPENSATION

The following table sets forth certain information as to the Company's three
highest paid executive officers and directors for the fiscal year ended December
31, 2001.

================================================================================
                            Summary Compensation Table
--------------------------------------------------------------------------------
        Name                      Position               Year        Salary
--------------------------------------------------------------------------------
Alfredo De Lucrezia    President, Director (resigned     2001       CDN$30,000
                      subsequent to December 31, 2001)              (US$19,369)
--------------------------------------------------------------------------------
Maurizio Grande                   Director               2001           Nil
--------------------------------------------------------------------------------
Michael Hu                        Director               2001           Nil
================================================================================

The Company's wholly owned Canadian subsidiary, Tanuta, entered into a
management agreement dated November 1, 1998 with Alfredo De Lucrezia, whereby
Tanuta agreed to pay Mr. De Lucrezia CDN$2,500 (approximately US$1,682) per
month for providing management services to the Company and Tanuta. The term of
the management agreement was renewable annually.


<PAGE>

The Company may during the course of the current year decide to compensate its
Officers and Directors for their services. However, the Company does not
currently pay and does not intend to pay any compensation to the Officers and
Directors serving on the Company's Board of Directors at this time, other than
as indicated.


ITEM 11:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information as of December 31, 2001, based on
information obtained from the persons named below, with respect to the
beneficial ownership of the Common Stock by (i) each person who is known to the
Company to be the beneficial owner of more than 5 percent of the Company's
Common Stock, and (ii) each Director and Officer, and (iii) all Directors and
Officers of the Company, as a group:


================================================================================
Title of Class  Name and Address of         Amount of      Percentage of Class
                  Beneficial Owner          Beneficial      (total outstanding
                                            Ownership[1]       is 11,262,010)
--------------------------------------------------------------------------------
Common Stock    Veronica Beckett                1,000,000           8.9%
                Farlifangstrasse 21
                CH - 8126
                Zumikon, Switzerland
--------------------------------------------------------------------------------
Common Stock    Wagstall Developments Ltd.[4]   1,000,000           8.9%
                P.O. Box N8627
                Nassau, Bahamas
--------------------------------------------------------------------------------
Common Stock    Elvira Cusano                   1,050,000           9.3%
                Via Nilolo D'Auzzano 79
                Firenze, Italy
--------------------------------------------------------------------------------
Common Stock    Paolo Stinghi                   1,000,010           8.9%
                873 E 14th Street
                N. Vancouver, B.C.
--------------------------------------------------------------------------------
Common Stock    Vincenzo Marsella              1,000,000            8.9%
                Wilenhofstrasse 12
                CH-8185 Ruti, Switzerland
--------------------------------------------------------------------------------
Common Stock    Stuart H. McPherson            1,000,000            8.9%
                3215 W. 3rd Avenue
                Vancouver, British Columbia
--------------------------------------------------------------------------------
Common Stock    Nuvo Magazine Ltd.[5]          1,000,000            8.9%
                200 - 460 Nanaimo Street
                Vancouver, British Columbia
--------------------------------------------------------------------------------
Common Stock    Pamela Starek                    700,500            6.2%
                4300 West 9th Avenue
                Vancouver, British Columbia
--------------------------------------------------------------------------------

<PAGE>

--------------------------------------------------------------------------------
Common Stock    M-1 Investments Inc.[6]        1,000,000            8.9%
                1660 53A Street
                Vancouver, British Columbia
--------------------------------------------------------------------------------
Common Stock    Gianni Meneghin                  750,000            6.7%
                453 - 650 West 41st Avenue
                Vancouver, British Columbia
--------------------------------------------------------------------------------
Common Stock    Tony Ricci                     1,000,500            8.9%
                3330 Westmount Road
                W. Vancouver, British Columbia
--------------------------------------------------------------------------------

[1]   Unless otherwise indicated, this column reflects amounts as to which the
      beneficial owner has sole voting power and sole investment power.

[2]   No security holder listed above owns any warrants, options or rights.

[3]   The officers and directors of the Company do not beneficially own any
      common shares of the Company.

[4]   Wagstall Developments Ltd. is a private company wholly owned by Brian
      Longpre.

[5]   Nuvo Magazine Ltd. is a private company wholly owned by Pasquale Cusano.

[6]   M-1 Investments Inc. is a private company wholly owned by Carol
      McPherson.


ITEM 12:   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None of the Directors or Officers of the Company, nor any proposed nominee for
election as a Director of the Company, nor any person who beneficially owns,
directly or indirectly, shares carrying more than 10% of the voting rights
attached to all outstanding shares of the Company, nor any promoter of the
Company, nor any relative or spouse of any of the foregoing persons has any
material interest, direct or indirect, in any transaction since the date of the
Company's incorporation or in any presently proposed transaction which, in
either case, has or will materially affect the Company, save for the following:

1.   The Company's wholly owned Canadian subsidiary, Tanuta, entered into a
     management agreement dated November 1, 1998 with Alfredo De Lucrezia, the
     President of the Company, whereby Tanuta agreed to pay Mr. De Lucrezia
     CDN$2,500 (approximately US$1,682) per month for providing management
     services to the Company and Tanuta. During the financial years ended
     December 31, 2001 and 2000, the Company paid Mr. De Lucrezia management
     fees of $19,369 and $20,186 respectively.

2.   As at December 31, 2001, advances of $47,853 have been made to the
     Company by a Director. The advances are interest free and have no specified
     terms of repayment.

<PAGE>

The Company has not entered into transactions with any member of the immediate
families of the above-noted persons, nor is any such transaction proposed.

ITEM 13:   EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

--------------------------------------------------------------------------------
      Exhibit 2.1   Articles of Incorporation
--------------------------------------------------------------------------------
      Exhibit 2.2   Bylaws of the Company
--------------------------------------------------------------------------------
      Exhibit 6.1   Share Exchange Agreement dated March 31, 1999
--------------------------------------------------------------------------------
      Exhibit 6.2   Assignment Agreement dated October 15, 1997 and Underlying
                    Option Agreement dated June 15, 1997
--------------------------------------------------------------------------------
      Exhibit 6.3   Amendment Agreements to the Underlying Option Agreement
                    dated January 20, 1998 and August 15, 2000
--------------------------------------------------------------------------------
      Exhibit 6.4   Management Agreement dated November 1, 1998
--------------------------------------------------------------------------------
      Exhibit 10.1  Consent of Consulting Geologist to use of Report
--------------------------------------------------------------------------------
      Exhibit 10.2  Consent of Consulting Geologist to use of Report
--------------------------------------------------------------------------------

(*)   Incorporated by reference from the Registration Statement on Form 10-SB
of the Registrant filed with the Commission.

(b)   No reports on Form 8-K were filed during the period covered by this
      report.


SIGNATURES



   In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                   TASKER CAPITAL CORP.
                                   -------------------------------------
                                               (Registrant)

Date:   March 28, 2002             By:      /s/ Maurizio Grande
                                      ----------------------------------
                                            Maurizio Grande,
                                            Director

<PAGE>