UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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, 2007

                                       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 number: 000-26703


                              ECHO RESOURCES, INC.
        ----------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


     Delaware                         000-26703                 98-0206030
----------------------------         ------------        -----------------------
(State or other jurisdiction        (Commission          (IRSIdentification No.)
   Employer of incorporation)         file number)


                     500 Australian Avenue South, Suite 700,
                            West Palm Beach FL 33401
        ---------------------------------------- -----------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (561) 514-0194



Securities registered pursuant to Section 12(b) of the Exchange Act:

     None

Securities registered pursuant to Section 12(g) of the Exchange Act:

     Common Stock, Par Value $0.00005 Per Share


<PAGE>



Check  whether  the issuer  (1) has 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 there is no 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 10-KSB. |_|



Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Act).

Yes |_| No |X|



State issuer's revenues for its most recent fiscal year ended December 31, 2007:
$0.



Of the 5,539,040 shares of voting stock of the registrant issued and outstanding
as of March 24, 2007, 552,046 shares were held by non-affiliates.  The aggregate
market  value of the  voting  stock  held by  non-affiliates  of the  registrant
computed by  reference  to the closing bid price of its Common Stock as reported
on the OTC Bulletin Board on March 10, 2008: US$557,566.



Transitional Small Business Disclosure Format (check one):      Yes |_|  No |X|












<PAGE>



                                     PART I


Item 1. Description of Business

     The following  discussion  should be read in conjunction with the Company's
audited  financial  statements and notes thereto and Item 6 included herein.  In
connection with, and because the Company desires to take advantage of, the "safe
harbor" provisions of the Private Securities  Litigation Reform Act of 1995, the
Company cautions  readers  regarding  certain forward looking  statements in the
following  discussion  and  elsewhere in this report and in any other  statement
made by, or on its behalf,  whether or not in future filings with the Securities
and Exchange Commission.  Forward-looking statements are statements not based on
historical  information  and  which  relate to  future  operations,  strategies,
financial  results  or  other  developments.   Forward  looking  statements  are
necessarily based upon estimates and assumptions that are inherently  subject to
significant business,  economic and competitive uncertainties and contingencies,
many of which are beyond the Company's  control and many of which,  with respect
to future business  decisions,  are subject to change.  These  uncertainties and
contingencies can affect actual results and could cause actual results to differ
materially from those expressed in any forward looking statements made by, or on
the Company's  behalf.  Without limiting the generality of the foregoing,  words
such as "may", "anticipate", "intend", "could", "estimate", or "continue" or the
negative   or  other   comparable   terminology   are   intended   to   identify
forward-looking  statements.  The Company  disclaims  any  obligation  to update
forward-looking statements.

(a)  Business Development

     Echo Resources,  Inc. was  incorporated on December 15, 1997 in Delaware as
AlphaCom  Corporation.  Previously,  we were a  subsidiary  of Lingo  Media Inc.
("LMI") (formerly Alpha Communications  Corp.) located at 151 Bloor Street West,
Suite 890,  Toronto,  Ontario,  M5S 1S4.  On March 20,  2003,  Bruce Cohen ("Mr.
Cohen") acquired  1,500,000 shares of our common stock from 1476848 Ontario Inc.
We changed  our name in March 2003 to TVE  Corporation  and in July 2004 to Echo
Resources,  Inc. In September 2000, we commenced trading on the Over-The-Counter
Bulletin Board under the symbol  "AHMC",  our symbol was changed to "ALHO" as of
March 7, 2003 due to a 1:25 reverse  stock split and was later  changed in March
2003 to "TVEO" due to a name change.

     On June 30, 2004,  Gala  Enterprises  Ltd.  ("Gala"),  purchased  1,500,000
shares of our  restricted  Common Stock for $85,000 from Mr.  Cohen,  our former
majority  shareholder and former sole officer and director.  The purpose of this
transaction  was to effect a change of control of us from Mr. Cohen to Gala.  As
of the date of this filing, Gala directly owns 54% of the issued and outstanding
common stock of Echo. On June 30, 2004, Mr. Pieter DuRand ("Mr. DuRand") assumed
the position as our sole officer and director from Mr. Cohen. In July, 2004, the
Company  effected a forward 2 for 1 stock split by way of a stock dividend,  and
officially changed its name to "Echo Resources, Inc."

     Unless the  context  indicates  otherwise,  references  hereinafter  to the
"Company",  "we",  "us" or "Echo"  include  Echo  Resources,  Inc.,  a  Delaware
corporation.  Our principal  place of business is 500 Australian  Avenue,  Suite
700, West Palm Beach, Florida 33401, and our telephone number at that address is
(561) 514-0194.

(b) Business of the Company

     The  Company  is a  start-up,  development  stage  company  and has not yet
generated or realized any  revenues  from  business  operations.  The  Company's
business  strategy  focused on diamond and gold  exploration  and development of
diamond  and gold  mines in  Canada.  In 2007 the  Company  decided to exit this
business plan and seek a different plan that would require less start-up capital
to develop.  The Company's  auditors have issued a going concern  opinion in our
audited  financial  statements for the fiscal year ended December 31, 2007. This
means that our auditors  believe there is doubt that the Company can continue as
an on-going  business for the next twelve  months  unless it obtains  additional



                                       3
<PAGE>



capital to pay its bills.  This is because  the Company  has not  generated  any
revenues and no revenues are  anticipated  until it begins  removing and selling
minerals.  Accordingly,  we must raise cash from sources such as  investments by
others in the Company and through possible  transactions with strategic or joint
venture  partners.  In the event we raise cash, we will likely use such funds to
develop an new business plan, which is as yet undetermined We do not plan to use
any  capital  raised  for  the  purchase  or sale of any  plant  or  significant
equipment.  The following  discussion and analysis should be read in conjunction
with  the  financial  statements  of the  Company  and  the  accompanying  notes
appearing subsequently under the caption "Financial Statements."

Employees

     As of December 31, 2007, we do not have any employees. We anticipate hiring
employees over the next twelve months if we are successful in  implementing  our
plan of  operations.  Presently,  the  Company  does not have  pension,  health,
annuity,  insurance,  stock options,  profit  sharing or similar  benefit plans;
however, the Company may adopt such plans in the future.

Available Information

     Information   regarding  the  Company's  annual  reports  on  Form  10-KSB,
quarterly  reports  on  Form  10-QSB,  current  reports  on  Form  8-K,  and any
amendments to these reports,  are available to the public from the SEC's website
at  http://www.sec.gov  as soon as  reasonably  practicable  after  the  Company
electronically  files such reports with the Securities and Exchange  Commission.
Any document  that the Company files with the SEC may also be read and copied at
the SEC's public reference room located at Room 1024, Judiciary Plaza, 450 Fifth
Street,  N.W.,  Washington,  DC 20549. Please call the SEC at 1-800-SEC-0330 for
further information on the public reference room.

Risk Factors

     You  should  consider  each of the  following  risk  factors  and any other
information set forth in this Form 10-KSB and the other Company's  reports filed
with the Securities  and Exchange  Commission  ("SEC"),  including the Company's
financial statements and related notes, in evaluating the Company's business and
prospects.  The risks and  uncertainties  described  below are not the only ones
that impact on the  Company's  operations  and  business.  Additional  risks and
uncertainties not presently known to the Company,  or that the Company currently
considers immaterial,  may also impair its business or operations. If any of the
following risks actually occur, the Company's business and financial  condition,
results or prospects could be harmed.

RISKS ASSOCIATED WITH THE COMPANY'S PROSPECTIVE BUSINESS AND OPERATIONS

The Company  lacks  meaningful  operating  history and will require  substantial
capital if it is to be successful.

     The Company has a very limited  operating  history upon which an evaluation
of its future success or failure can be made. In fact, it was only recently that
the Company  took steps in a plan to engage in the  acquisition  of interests in
exploration  and development  mines in Canada,  and it is too early to determine
whether such steps will lead to success.  The  Company's  ability to achieve and
maintain  profitability and positive cash flow over time will be dependent upon,
among other  things,  its ability to (i) identify  and acquire  diamond and gold
mining  properties or interests  therein that ultimately have probable or proven
diamond and gold reserves,  (ii) sell such diamond and gold mining properties or
interests to strategic  partners or third parties or commence  mining of diamond
and gold, (iii) produce and sell diamond and gold at profitable margins and (iv)
raise the necessary  capital to operate during this period. At this stage in the
Company's  development,  it  cannot  be  predicted  how much  financing  will be
required to accomplish its objectives.

     The Company needs to raise funds in order to initiate any business plan and
cover operating deficits for the foreseeable  future. The Company presently does
not have any  revenues,  nor does it  anticipate  operating  income  in the near
future.  No assurances  can be given that the Company will be able to obtain the
necessary  funding remain in operation.  The inability to raise additional funds
will have a material adverse affect on the Company's business, plan of operation
and prospects.



                                       4
<PAGE>



The Company's success is dependent upon a limited number of people.

The Company's business will be harmed if it is unable to manage growth.

     The  Company's  business may  experience  periods of rapid growth that will
place  significant   demands  on  its  managerial,   operational  and  financial
resources. In order to manage this possible growth, the Company must continue to
improve  and  expand its  management,  operational  and  financial  systems  and
controls.  The Company will need to expand,  train and manage its employee base.
No  assurances  can be  given  that  the  Company  will be able  to  timely  and
effectively  meet such demands.  The  Company's  officers and directors may have
conflicts of interest and do not devote full time to the  Company's  operations.
In addition,  the  Company's  officers do not devote full time to the  Company's
operations.  Until such time that the Company can afford executive  compensation
commensurate  with that being paid in the  marketplace,  its  officers  will not
devote  their full time and  attention  to the  operations  of the  Company.  No
assurances  can be given  as to when the  Company  will be  financially  able to
engage its officers on a full time basis.

Increased Costs Could Affect Profitability

     Costs  frequently are subject to variation from one year to the next due to
a number of factors. In addition, costs are affected by the price of commodities
such as fuel and electricity.  Such commodities are at times subject to volatile
price  movements,  including  increases  that could make  production  at certain
operations  less  profitable.  A material  increase in costs at any  significant
location could have a significant effect on the Company's profitability.

Government  regulation or changes in such  regulation  may adversely  affect the
Company's business.

     The Company has and will, in the future,  engage  experts to assist it with
respect to its operations. No assurances can be given that it will be successful
in its efforts.  Uncertainty  and new  regulations  and rules could increase the
Company's cost of doing business or prevent it from conducting its business.

Occurrence  of Events for Which We Are Not  Insured May Affect Our Cash Flow and
Overall Profitability

     The Company does not maintain insurance policies to protect against certain
risks related to our  operations  because of the high premiums  associated  with
insuring those risks. In other cases, insurance may not be available for certain
risks. The Company does not maintain  insurance policies against political risk.
The  occurrence  of events for which the  Company is not  insured may affect our
cash flow and overall profitability.

RISKS RELATED TO THE COMPANY'S COMMON STOCK

     The Company does not expect to pay dividends in the foreseeable future. The
Company has never paid cash dividends on its common stock and has no plans to do
so in the foreseeable future. The Company intends to retain earnings, if any, to
develop and expand its business.

     "Penny  stock" rules may make buying or selling the common stock  difficult
and severely limit their market and liquidity.  Trading in the Company's  common
stock is subject to certain regulations adopted by the SEC commonly known as the
"Penny Stock Rules".  The Company's common stock qualifies as penny stock and is
covered by Section 15(g) of the  Securities and Exchange Act of 1934, as amended
(the "1934 Act"),  which  imposes  additional  sales  practice  requirements  on
broker/dealers  who sell the  Company's  common stock in the market.  The "Penny
Stock" rules govern how  broker/dealers  can deal with their  clients and "penny
stock".  For sales of the Company's common stock, the broker/dealer  must make a
special  suitability  determination and receive from clients a written agreement
prior to making a sale. The additional  burdens imposed upon  broker/dealers  by
the  "penny  stock"  rules  may   discourage   broker/dealers   from   effecting
transactions  in the Company's  common  stock,  which could  severely  limit its
market price and  liquidity.  This could prevent  investors  from reselling Echo
common stock and may cause the price of the common stock to decline.

     Although publicly traded, the Company's common stock has substantially less
liquidity  than the average  trading market for a stock quoted on other national
exchanges,  and our price may fluctuate dramatically in the future. Although the



                                       5
<PAGE>



Company's common stock is listed for trading on the Over-the-Counter  Electronic
Bulletin Board,  the trading market in the common stock has  substantially  less
liquidity than the average trading market for companies quoted on other national
stock exchanges.  A public trading market having the desired  characteristics of
depth,  liquidity and orderliness  depends on the presence in the marketplace of
willing buyers and sellers of our common stock at any given time.  This presence
depends on the individual decisions of investors and general economic and market
conditions over which we have no control.  Due to limited  trading  volume,  the
market price of the Company's  common stock may fluctuate  significantly  in the
future,  and these  fluctuations may be unrelated to the Company's  performance.
General market price  declines or overall market  volatility in the future could
adversely affect the price of the Company's common stock, and the current market
price may not be indicative of future market prices.


ITEM 2. Description of Property

     The Company's current mailing address is 500 Australian Avenue South, Suite
700 West Palm Beach,  Florida 33401. The property  consists of approximately 200
square feet of finished office space. Other than this mailing address, we do not
currently maintain any other office facilities. We pay no rent or other fees for
the use of the mailing address as these offices are used virtually  full-time by
other  businesses of our  shareholder.  We believe that the  foregoing  space is
adequate to meet our current needs and anticipate  moving our offices during the
next twelve (12) months if we are able to execute our business plan.


ITEM 3. Legal Proceedings

     There are no material legal proceedings to which we (or any of our officers
and directors in their  capacities as such) are a party or to which our property
is subject and no such material  proceedings  are known by our  management to be
contemplated.


ITEM 4. Submission of Matters to a Vote of Security Holders

     No  matter  was  submitted  to a vote  of  our  shareholders,  through  the
solicitation  of proxies or  otherwise  during the fourth  quarter of our fiscal
year ended December 31, 2007, covered by this report.



                                     PART II


ITEM 5. Market for Common Equity and Related Stockholder Matters.

     a) Market Information.  Our common stock, par value $0.00005 per share (the
"Common  Stock"),  was traded on the OTC Bulletin  Board market under the symbol
"AHMC" until such time as we amended our articles of incorporation  and affected
a 1:25 reverse  stock split in March 2003 and received the stock symbol  "ALHO".
Subsequently,  we changed our name to TVE  Corporation  and  received  the stock
symbol "TVEO". We then changed our name to Echo Resources, Inc. and received the
stock symbol "ECHR". Our common stock is traded  sporadically and no established
liquid trading market currently exists therefore.

     The following table  represents the range of the high and low price for our
Common Stock on the OTC Bulletin  Board for each fiscal quarter for the last two
fiscal years ending December 31, 2007, and 2006, respectively.  These Quotations









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<PAGE>



represent prices between dealers, may not include retail markups,  markdowns, or
commissions and may not necessarily represent actual transactions.

         Year 2006                  High     Low
         --------------            ------   ------
         First Quarter              4.30     4.00
         Second Quarter             4.60     4.25
         Third Quarter              4.75     4.45
         Fourth Quarter             4.90     4.65

         Year 2007                  High     Low
         --------------            ------   ------
         First Quarter              4.90     3.25
         Second Quarter             3.25     1.50
         Third Quarter              1.50     1.25
         Fourth Quarter             1.50     1.18

     (b) Holders.  As of March 10, 2007,  there were  approximately  two hundred
(200) holders of record of our common stock.

     (c) Dividend  Policy.  We have not declared or paid cash  dividends or made
distributions  in the  past,  and we do not  anticipate  that we will  pay  cash
dividends or make  distributions in the foreseeable  future. We currently intend
to retain and reinvest future earnings, if any, to finance our operations.

     (d) Equity  Compensation  Plans.  We have not authorized  any  compensation
plans (including  individual  compensation  arrangements) under which our equity
securities  have been authorized for issuance as of the end of the most recently
completed fiscal year ended December 31, 2005.

Recent Sales of Unregistered Securities.

     We did not sell any  securities  during the period  covered by this  report
that were not registered  under the  Securities  Act, which was not disclosed in
our 10-QSB.


ITEM 6. Management's Discussion and Analysis

Overview

     The  Company  is a  start-up,  development  stage  company  and has not yet
generated or realized any  revenues  from  business  operations.  The  Company's
business  strategy  focused on diamond and gold  exploration  and development of
diamond and gold mines in Canada,  which the  Company  elected to abandon in the
third  quarter of 2007.  The  Company's  auditors  have  issued a going  concern
opinion.  This means that its auditors  believe  there is doubt that the Company
can  continue  as an on-going  business  for the next  twelve  months  unless it
obtains additional capital to pay its bills. This is because the Company has not
generated  any  revenues  and  no  revenues  are  anticipated  until  it  begins
operations  from a new  business  plan.  Accordingly,  we must  raise  cash from
sources  such as  investments  by others in the  Company  and  through  possible
transactions with strategic or joint venture partners. We do not plan to use any
capital raised for the purchase or sale of any plant or  significant  equipment.
The following  discussion and analysis  should be read in  conjunction  with the
financial  statements  of the  Company  and  the  accompanying  notes  appearing
subsequently under the caption "Financial Statements."

Results of Operations

Revenues

     There is no historical  financial  information about the Company upon which
to base an  evaluation  of our  performance.  The Company did not  generate  any
revenues from operations for the twelve months ended December 31, 2007 nor 2006.



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<PAGE>



Accordingly,  comparisons with prior periods are not meaningful.  The Company is
subject to risks  inherent in the  establishment  of a new business  enterprise,
including  limited  capital  resources,  possible  delays  in the  decision  and
implementation of a new business plan.

Operating Expenses

     Operating  expenses  increased  by $3,280  from  $31,502 for the year ended
December 31, 2006 to $34,782 for the year ended  December 31, 2007. The increase
in our net operating loss is due to the a increase in professional fees.

Interest Expense

     Interest  expense  for the  years  ended  December  31,  2007 and 2006 were
$43,948 and $47,948. The decrease in our interest expense is due to the interest
payable  pursuant  to  the  convertible   promissory  notes  entered  into  with
Confederated  Finance Corp.  ("Convertible  Note") and the lower amortization of
the beneficial conversion feature discount of these notes.

Net Income/Loss

     Net loss  decreased  $720 from net  operating  loss of $79,450 for the year
ended  December 31, 2006 to a net  operating  loss of $78,730 for the year ended
December  31,  2007.  The  decrease  in net  operating  loss is due to the lower
amortization of the beneficial conversion feature discount of the notes payable.

As of December 31, 2007, our accumulated deficit was $563,388.

Assets and Liabilities

     Our total assets were $19,846 as of December 31, 2007. Our assets consisted
of cash of $19,846.

     Total Current Liabilities as of December 31, 2007 were $167,147.  Our notes
payable are to  Confederated  Finance Corp.  for  $167,000.  The notes have been
discounted  by  $165,000  for  their  beneficial  conversion  feature  which  is
amortized over the life of the notes.  As of December 31, 2007,  $136,860 of the
discount has been amortized.

Plan of Operation

     The  Company's  plan of operation for the next twelve months is to focus on
developing and implementing a new business plan since we have elected to abandon
the mining interests operations.

Financial Condition, Liquidity and Capital Resources

     At December  31, 2007,  we had cash and cash  equivalents  of $19,846.  Our
working  capital is presently  ($147,301) and there can be no assurance that our
financial  condition will improve. We expect to continue to have minimal working
capital or a working capital deficit as a result of our current liabilities.

     For the year ended  December 31, 2007, we have not generated cash flow from
operations.   Consequently,   we  have  been   dependent   upon  a  third  party
non-affiliate,  Confederated  Finance Corp.  ("Confederated"),  to fund our cash
requirements.  Specifically,  we  entered  into a  Convertible  Promissory  Note
("Note") with Confederated for the principal sum or so much of the principal sum
of One Hundred  Thousand  Dollars  ($100,000) and a second note in the principal
sum of One Hundred Thousand Dollars,  ($100,000),  as may from time to time have
been advanced and be outstanding,  together with accrued interest at the rate of
7% per annum.  The entire unpaid balance of principal  (subject to conversion of
such  principal  as provided  in the Note) and all  accrued and unpaid  interest
shall be due and  payable  on the day  prior  to the  first  anniversary  of the
Effective Date of the Note.



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<PAGE>



     As of  December  31,  2007,  we had cash of $19,846  and a working  capital
deficit of $147,301.  As of December 31, 2007, we had no outstanding  debt other
than ordinary notes payable to Confederated in connection with accrued  interest
payable on the Notes.  The Company will seek funds from  possible  strategic and
joint venture partners and financing to cover any short term operating  deficits
and provide for long term working  capital.  No assurances can be given that the
Company  will  successfully  engage  strategic  or  joint  venture  partners  or
otherwise obtain sufficient financing through the sale of equity.

     No trends have been identified which would materially  increase or decrease
our results of operations or liquidity.

     We  have  short-term  liquidity  problems  that  will be  addressed  by the
Convertible  Note,  which we have a  balance  of  $33,000  to draw  for  working
capital.  For  long-term  liquidity,  we  believe  that  we will  need to  raise
additional  capital to remain an ongoing  concern;  however,  as stated above no
commitments have been made as of this date.

Going Concern

     We have suffered  recurring  losses from operations and are in serious need
of additional  financing.  These  factors  among others  indicate that we may be
unable to continue as a going concern,  particularly in the event that we cannot
obtain  additional  financing  or,  in  the  alternative,  affect  a  merger  or
acquisition.  Our  continuation  as a going concern  depends upon our ability to
generate  sufficient  cash flow to conduct  our  operations  and our  ability to
obtain additional sources of capital and financing.

     The  accompanying  consolidated  financial  statements  have been  prepared
assuming  that  we will  continue  as a going  concern.  We have a  stockholders
deficit of  $563,388 at December  31,  2007 and net losses  from  operations  of
$78,730 and  $79,450,  respectively,  for the years ended  December 31, 2007 and
2006. These conditions raise  substantial doubt about our ability to continue as
a going  concern.  The  consolidated  financial  statements  do not  include any
adjustments  that might be  necessary  if we are unable to  continue  as a going
concern.

Critical Accounting Policies

     Use of Estimates:  The  preparation  of financial  statements in conformity
with accounting  principles  generally  accepted in the United States of America
requires  management to make estimates and assumptions  that affect the reported
amounts  of assets and  liabilities  and  disclosure  of  contingent  assets and
liabilities at the date of the financial  statements and the reported amounts of
revenues and expenses during the reporting  period.  Actual results could differ
materially from those estimates.

     Loss per share:  Basic loss per share excludes  dilution and is computed by
dividing the loss  attributable to common  shareholders by the  weighted-average
number of common  shares  outstanding  for the  period.  Diluted  loss per share
reflects  the  potential  dilution  that  could  occur  if  securities  or other
contracts to issue common stock were exercised or converted into common stock or
resulted  in the  issuance of common  stock that  shared in the  earnings of the
Company.  Diluted loss per share is computed by dividing  the loss  available to
common  shareholders by the weighted average number of common shares outstanding
for  the  period  and  dilutive   potential  common  shares  outstanding  unless
consideration  of  such  dilutive   potential  common  shares  would  result  in
anti-dilution.  Common stock  equivalents were not considered in the calculation
of diluted loss per share as their effect would have been anti- dilutive for the
periods ended December 31, 2007 and 2006.

Off-Balance Sheet Arrangements

     We have not entered  into any  off-balance  sheet  arrangements.  We do not
anticipate  entering into any off-balance sheet arrangements  during the next 12
months.





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<PAGE>



ITEM 7. Financial Statements

     Our  financial  statements  have been  examined to the extent  indicated in
their reports by Pollard-Kelley  Auditing Services, Inc. for the two years ended
December 31, 2007 and 2006, and have been prepared in accordance  with generally
accepted accounting  principles and pursuant to Regulation S-B as promulgated by
the Securities  and Exchange  Commission  and are included  herein,  on Page F-1
hereof in response to Part F/S of this Form 10-KSB.


ITEM  8. Changes  In  and  Disagreements  with  Accountants  on  Accounting  and
         Financial Disclosure.

     During  2006 we changed  auditors  from  Malone & Bailey to  Pollard-Kelley
Auditing Services, Inc.


ITEM 8A. Controls and Procedures

     In order  to  ensure  that the  information  that we must  disclose  in our
filings with the Commission is recorded, processed,  summarized, and reported on
a timely basis, we have formalized our disclosure  controls and procedures.  Our
principal  executive  and  financial  officer has  reviewed  and  evaluated  the
effectiveness of our disclosure controls and procedures,  as defined in Exchange
Act Rules  13a-15(e)  and  15d-15(e),  as of December  31,  2007.  Based on such
evaluation,  he concluded that, as of December 31, 2006, our disclosure controls
and  procedures  were not  effective,  because we failed to timely  write off an
impaired lease deposit and we failed to timely record accrued interest expense.

     There has been no change in our internal  control over financial  reporting
during 2007 that has materially affected,  or is reasonably likely to materially
affect, our internal control over financial reporting.



                                    PART III

ITEM 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
        with Section 16(a) of the Exchange Act

     (a) Set forth  below is the names,  ages,  positions,  with the Company and
business experiences of the executive officers and directors of the Company.

Name                     Age      Position(s) with Company
---------------          ---      ---------------------------------------
Pieter DuRand             41      Chief Executive Officer, President,
                                         Secretary and Director(1)

Business Experience

     Pieter  DuRand,  age 41, is a citizen and resident of South Africa.  During
the past five (5) years he has  served as an advisor  and a business  consultant
individually  and as a  representative  of other  companies  to both private and
public  companies.  Consulting  work  has  been  in the  field  of oil  and  gas
exploration as well as advising and consulting on promotion of various unrelated
products  in Europe  and  Africa.  He served as an interim  Director  of Medical
Makeover Corporation of America, a Delaware corporation,  from February 10, 2004
to March 10, 2004.  Mr. DuRand became a Director of the Company on June 30, 2004
and has continued to serve as such since.

Committees of the Board of Directors

     We  presently  do not  have an  audit  committee,  compensation  committee,
nominating  committee,  an executive committee of our board of directors,  stock
plan  committee or any other  committees.  However,  our board of directors  may
establish various committees during the current fiscal year.



                                       10
<PAGE>



Compensation of Directors

     Our director has received cash compensation of $9,000 for his services as a
director  and may be  reimbursed  for  their  reasonable  expenses  incurred  in
attending board or committee meetings.

Terms of Office

     Our directors  are  appointed  for one-year  terms to hold office until the
next annual general  meeting of the holders of our Common Stock or until removed
from office in  accordance  with our by-laws.  Our officers are appointed by our
board of directors and hold office until removed by our board of directors.

Involvement in Certain Legal Proceedings

     Except as indicated  above, no event listed in  Sub-paragraphs  (1) through
(4) of Subparagraph (d) of Item 401 of Regulation S-B, has occurred with respect
to any of our  present  executive  officers  or  directors  or any  nominee  for
director  during the past five years which is material to an  evaluation  of the
ability or integrity of such director or officer.

Compliance with Section 16(a) of the Securities Exchange Act of 1934

     For  companies  registered  pursuant to section  12(g) of the Exchange Act,
Section 16(a) of the Exchange Act requires our executive officers and directors,
and persons who beneficially own more than ten percent of our equity securities,
to file reports of ownership and changes in ownership  with the  Securities  and
Exchange   Commission.   Officers,   directors  and  greater  than  ten  percent
shareholders  are  required by SEC  regulation  to furnish us with copies of all
Section 16(a) forms they file. To our knowledge, based solely on a review of the
copies of reports  furnished  to us and  written  representations  that no other
reports were  required,  Section  16(a) filing  requirements  applicable  to our
officers, directors and greater than ten percent beneficial owners were complied
with on a timely basis for the period which this report relates.

Code of Ethics

     In March 2004, we adopted a Code of Ethics that meets the  requirements  of
Section 406 of the  Sarbanes-Oxley  Act of 2002.  We will  provide to any person
without charge, upon request, a copy of such Code of Ethics.  Persons wishing to
make such a request should contact Pieter DuRand,  Chief Executive Officer,  500
Australian  Avenue  South,  Suite 700,  West Palm Beach,  Florida  33401.  (561)
514-0194.

Conflicts of Interest

     None of our  officers  will  devote  more than a portion of his time to our
affairs.  There will be  occasions  when the time  requirements  of our business
conflict  with  the  demands  of the  officers  other  business  and  investment
activities.  Such  conflicts  may require  that we attempt to employ  additional
personnel.  There is no  assurance  that the  services of such  persons  will be
available or that they can be obtained upon terms favorable to us.

     Our officers,  directors and principal  shareholders may actively negotiate
for the  purchase of a portion of their  common  stock as a condition  to, or in
connection  with, a proposed merger or acquisition  transaction,  if any. In the
event that such a  transaction  occurs,  it is  anticipated  that a  substantial
premium may be paid by the purchaser in  conjunction  with any sale of shares by
our officers, directors and principal shareholders made as a condition to, or in
connection with, a proposed merger or acquisition  transaction.  The fact that a
substantial  premium may be paid to members of our  management  to acquire their
shares  creates a conflict of interest for them and may  compromise  their state
law  fiduciary  duties to the our other  shareholders.  In making any such sale,
members of Company  management may consider their own personal pecuniary benefit
rather  than  the  best  interests  of  the  Company  and  the  Company's  other




                                       11
<PAGE>



shareholders,  and the other  shareholders  are not  expected to be afforded the
opportunity  to  approve  or  consent  to  any  particular  buy-out  transaction
involving shares held by members of Company management.

     It is not currently anticipated that any salary, consulting fee, or finders
fee shall be paid to any of our directors or executive officers, or to any other
affiliate of us except as described under Executive Compensation below.

     Although  management  has no  current  plans to  cause  us to do so,  it is
possible  that we may enter  into an  agreement  with an  acquisition  candidate
requiring  the sale of all or a portion of the Common  Stock held by our current
stockholders to the  acquisition  candidate or principals  thereof,  or to other
individuals or business entities, or requiring some other form of payment to our
current  stockholders,  or requiring the future employment of specified officers
and  payment of  salaries  to them.  It is more likely than not that any sale of
securities by our current stockholders to an acquisition candidate would be at a
price substantially  higher than that originally paid by such stockholders.  Any
payment to current  stockholders  in the context of an acquisition  involving us
would be  determined  entirely  by the largely  unforeseeable  terms of a future
agreement with an unidentified business entity.


ITEM 10. Executive Compensation

     The following table shows all the cash compensation paid by the Company, as
well as certain other compensation paid or accrued, during the fiscal year ended
December  31,  2007  to the  Company's  President  and  highest  paid  executive
officers. No restricted stock awards, long- term incentive plan payouts or other
types of  compensation,  other  than the  compensation  identified  in the chart
below, were paid to these executive officers during these fiscal years.

SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                     Long Term Compensation
                           Annual Compensation                               Awards                   Payouts
                   ----------------------------------------    --------------------------------  -----------------
                                             Other             Restricted        Securities       LTIP     All
Name and Position                            Annual            Stock             Underlying       Payouts  Other
Principal          Year     Salary   Bonus   Compensation      Awards            Options/SARs              Comp.
------------------ ----    ------   ------  ---------------   ------------      ---------------  -------- --------
<S>                <C>     <C>      <C>     <C>               <C>               <C>              <C>      <C>
Pieter DuRand      2007    $9,000    0       0                 0                 0                0        0
                   2006    $9,000    0       0                 0                 0                0        0
                   2005    $9,000    0       0                 0                 0                0        0
</TABLE>

Compensation of Directors

     We have no standard  arrangements  for  compensating our board of directors
for their attendance at meetings of the Board of Directors.

Bonuses and Deferred Compensation

     We do not have any bonus,  deferred  compensation or retirement  plan. Such
plans may be  adopted  by us at such time as deemed  reasonable  by our board of
directors.  We do not have a  compensation  committee,  all decisions  regarding
compensation are determined by our board of directors.

Stock Option and Stock Appreciation Rights.

     We do not currently have a Stock Option or Stock Appreciation  Rights Plan.
No stock  options or stock  appreciation  rights were awarded  during the fiscal
year ended December 31, 2007, or the period ending on the date of this Report.




                                       12
<PAGE>



Termination of Employment and Change of Control Arrangement

     There are no compensatory  plans or arrangements,  including payments to be
received from us, with respect to any person named in cash  compensation set out
above which  would in any way result in  payments to any such person  because of
his resignation,  retirement,  or other termination of such person's  employment
with us or our subsidiaries,  or any change in control of us, or a change in the
person's responsibilities following a changing in control.


ITEM 11. Security Ownership of Certain Beneficial Owners and Management

     The following table sets forth, as of December 31, 2007,  information  with
respect to the beneficial  ownership of our common stock by (i) persons known by
us to beneficially  own more than five percent of the outstanding  shares,  (ii)
each director, (iii) each executive officer and (iv) all directors and executive
officers as a group.

                                              Common Stock
                                          Beneficially Owned
                                    ------------------------------

Name and Address              Title of Class      Number        Percent
-----------------------------------------------------------------------

Gala Enterprises Ltd.           Common           3,000,000     54.2
102 Van Riebeeck St
Potchefstroom, South Africa

All Executive Officers and
Directors as a Group            Common           3,000,000     54.2%
(One (1) person)

----------------------------
*     Less than 1%.

(1)  Under Rule 13d-3, a beneficial owner of a security includes any person who,
     directly or indirectly, through any contract,  arrangement,  understanding,
     relationship,  or otherwise has or shares: (i) voting power, which includes
     the power to vote, or to direct the voting of shares;  and (ii)  investment
     power,  which  includes the power to dispose or direct the  disposition  of
     shares.  Certain shares may be deemed to be beneficially owned by more than
     one person (if, for example,  persons  share the power to vote or the power
     to  dispose  of  the  shares).  In  addition,   shares  are  deemed  to  be
     beneficially  owned by a person if the person has the right to acquire  the
     shares (for example, upon exercise of an option) within 60 days of the date
     as of which the  information  is  provided.  In  computing  the  percentage
     ownership  of any  person,  the amount of shares  outstanding  is deemed to
     include  the amount of shares  beneficially  owned by such person (and only
     such  person)  by  reason of these  acquisition  rights.  As a result,  the
     percentage of outstanding  shares of any person as shown in this table does
     not necessarily  reflect the person's actual ownership or voting power with
     respect to the number of shares of common  stock  actually  outstanding  on
     March 10, 2008. As of March 10, 2008,  there were  5,539,040  shares of our
     common stock issued and outstanding.

(2)  Pieter  DuRand  holds  3,000,000  shares of our common  stock  through Gala
     Enterprises Ltd., a foreign corporation, that is owned by Mr. DuRand.

Securities Authorized for Issuance Under Equity Compensation Plans

     The following  table sets forth  information as of December 31, 2007,  with
respect to compensation plans (including individual  compensation  arrangements)
under which our common stock is authorized for issuance,  aggregated as follows:
(i) all compensation plans previously approved by security holders; and (ii) all
compensation plans not previously approved by security Holders:  None.



                                       13
<PAGE>



ITEM 12. Certain Relationships and Related Transactions

     Except as described below,  none of the following persons has any direct or
indirect material interest in any transaction to which we are a party during the
past two years, or in any proposed  transaction to which the Company is proposed
to be a party:

     (A)  any director or officer;
     (B)  any proposed nominee for election as a director;
     (C)  any person who  beneficially  owns,  directly  or  indirectly,  shares
          carrying  more than 5% of the  voting  rights  attached  to our common
          stock; or
     (D)  any  relative  or  spouse  of  any of the  foregoing  persons,  or any
          relative of such spouse,  who has the same house as such person or who
          is a director or officer of any parent or subsidiary.


ITEM 13. Exhibits and Reports on Form 8-K.

     (a) The exhibits  required to be filed  herewith by Item 601 of  Regulation
S-B, as described in the following index of exhibits, are incorporated herein by
reference, as follows:

Exhibit No.    Description
-----------   --------------------------------------------
31.1     *     Certificate of the Chief  Executive  Officer and Chief  Financial
               Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002

32.1     *     Certificate of the Chief  Executive  Officer and Chief  Financial
               Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
--------------------------
*    Included herein

     (b) Reports on Form 8-K.  During the last  quarter of the fiscal year ended
December 31, 2007, we did not file any reports on Form 8-K.


ITEM 14. Principle Accountant Fees and Services

     Audit Fees. The aggregate fees billed for  professional  services  rendered
was $5,385 and $4,500 for the audit of our annual  financial  statements for the
fiscal year ended December 31, 2007 and the reviews of the financial  statements
included in our Forms 10-QSB for those fiscal years.

     Audit-Related  Fees.  The  aggregate  fees  billed  in each of the last two
fiscal years for assurance and related services by the principal accountant that
are  reasonably  related  to the  performance  of the  audit  or  review  of our
financial statements and not reported under the caption "Audit Fee."

     Tax Fees.  The  aggregate  fees billed in each of the last two fiscal years
for  professional   services  rendered  by  the  principal  accountant  for  tax
compliance, tax advice and tax planning services were $0 and $0 respectively.

     All Other Fees. Other than the services described above, the aggregate fees
billed  for  services  rendered  by the  principal  accountant  was  $0 and  $0,
respectively, for the fiscal years ended December 31, 2007.

     We have no formal audit committee.  However,  our entire Board of Directors
(the  "Board") is our defacto  audit  committee.  In  discharging  its oversight
responsibility as to the audit process,  the Board obtained from the independent
auditors a formal written  statement  describing all  relationships  between the
auditors  and us that might bear on the  auditors'  independence  as required by
Independence  Standards  Board Standard No. 1,  "Independence  Discussions  with
Audit  Committees." The Board discussed with the auditors any relationships that
may impact their  objectivity  and  independence,  including  fees for non-audit
services, and satisfied itself as to the auditors' independence.  The Board also



                                       14
<PAGE>



discussed with management,  the internal  auditors and the independent  auditors
the quality and adequacy of its internal  controls.  The Board reviewed with the
independent auditors their management letter on internal controls.

     The Board discussed and reviewed with the independent  auditors all matters
required to be discussed by auditing standards  generally accepted in the United
States of America,  including those described in Statement on Auditing Standards
No. 61, as amended,  "Communication  with Audit Committees".  The Board reviewed
the audited  consolidated  financial statements of the Company as of and for the
year ended  December  31, 2007 with  management  and the  independent  auditors.
Management has the responsibility for the preparation of the Company's financial
statements  and  the  independent  auditors  have  the  responsibility  for  the
examination  of  those  statements.  Based  on the  above-mentioned  review  and
discussions with the independent auditors and management, the Board of Directors
approved the Company's audited consolidated financial statements and recommended
that they be  included  in its Annual  Report on Form  10-KSB for the year ended
December 31, 2007, for filing with the Securities and Exchange  Commission.  The
Board also approved the reappointment of Pollard-Kelley  Auditing Services, Inc.
as independent auditors.












                [Balance of this page intentionally left blank.]
















                                       15
<PAGE>






                          INDEX TO FINANCIAL STATEMENTS


Reports of Independent Registered Public Accounting Firms ...................F-2

Balance Sheet................................................................F-3

Statements of Operations.....................................................F-4

Statements of Stockholders' Equity...........................................F-5

Statements of Cash Flows.....................................................F-6

Notes to Financial Statement.................................................F-7



















                                       F-1

<PAGE>



             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


The Board of Directors and Stockholders
Echo Resources, Inc.
West Palm Beach, Florida

We have audited the  accompanying  balance sheet of Echo Resources,  Inc., as of
December 31,  2007,  and the related  statements  of  operations,  stockholders'
equity  (deficit) and cash flows for the two years in the period ended  December
31, 2007.  These financial  statements are the  responsibility  of the Company's
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audits.

We  conducted  our audit in  accordance  with  standards  of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  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  audit  provides  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial  position of Echo  Resources,  Inc. as of
December 31, 2007,  and the results of its operations and its cash flows for the
two years in the  period  ended  December  31,  2007,  in  conformity  with U.S.
generally accepted accounting principles.

The  accompanying  financial  statements  have been prepared  assuming that Echo
Resources,  Inc. will continue as a going concern. As discussed in Note 2 to the
financial  statements,  Echo  Resources,  Inc.  suffered  recurring  losses from
operations  which  raises  substantial  doubt about its ability to continue as a
going concern.  Management's plans regarding those matters also are described in
Note 2. The  financial  statements  do not  include any  adjustments  that might
result from the outcome of this uncertainty.


                                       /s/Pollard-Kelley Auditing Services, Inc.
                                          Pollard-Kelley Auditing Services, Inc.
Independence, Ohio
March 12, 2008









                                       F-2

<PAGE>



<TABLE>
<CAPTION>
                              Echo Resources, Inc.
                                  Balance Sheet



                                                                                 December 31, 2007
                                                                                --------------------
<S>                                                                             <C>
                                         ASSETS
CURRENT ASSETS
  Cash                                                                          $             19,846
  Accounts receivable                                                                              0
                                                                                --------------------

          Total current assets                                                                19,846
                                                                                --------------------

OTHER ASSETS
   Mining claim interest                                                                           0
                                                                                --------------------

          Total other assets                                                                       0
                                                                                --------------------

Total Assets                                                                    $             19,846
                                                                                ====================


                          LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
  Accounts payable
     Accrued interest                                                           $             30,287
     Note payable                                                                            136,860
                                                                                --------------------

          Total current liabilities                                                          167,147
                                                                                --------------------

Total Liabilities                                                                            167,147
                                                                                --------------------

STOCKHOLDERS' EQUITY
  Preferred stock, $0.0001 par value, 10,000 shares authorized, 0 issued and
    outstanding                                                                                    0
  Common stock, $0.00005 par value, authorized 49,990,000 shares;
    5,539,040 issued and outstanding                                                             277
  Additional paid-in capital                                                                 415,810
  Deficit accumulated during the development stage                                          (563,388)
                                                                                --------------------

          Total stockholders' equity                                                        (147,301)
                                                                                --------------------

Total Liabilities and  Stockholders' Equity                                     $             19,846
                                                                                ====================
</TABLE>




     The accompanying notes are an integral part of the financial statements


                                       F-3
<PAGE>



<TABLE>
<CAPTION>
                              Echo Resources, Inc.
                            Statements of Operations
                           The Year Ended December 31,


                                                                   2007               2006
                                                             -----------------  -----------------
<S>                                                          <C>                <C>

REVENUES                                                     $               0  $               0
                                                             -----------------  -----------------

OPERATING EXPENSES:
   General and administrative expenses                                  18,502             17,377
   Professional fees                                                    16,280             14,125
                                                             -----------------  -----------------

          Total expenses                                                34,782             31,502

Interest expense                                                        43,948             47,948
                                                             -----------------  -----------------

Net income (loss)                                            $         (78,730) $         (79,450)
                                                             =================  =================

Income (loss) per weighted average common share                        $(0.01)            $(0.01)
                                                             =================  =================

Number of weighted average common shares outstanding                 5,539,040          5,539,040
                                                             =================  =================
</TABLE>














     The accompanying notes are an integral part of the financial statements


                                       F-4
<PAGE>



<TABLE>
<CAPTION>
                              Echo Resources, Inc.
                   Statement of Stockholders' Equity (Deficit)



                                                                                           Deficit
                                                                                         Accumulated
                                                                          Additional      During the         Total
                                                 Number of     Common       Paid-in      Development     Stockholders'
                                                  Shares        Stock       Capital         Stage           Equity
                                               ------------- ----------- ------------- ---------------- ---------------
<S>                                            <C>           <C>         <C>           <C>              <C>

BEGINNING BALANCE, January 1, 2005                 5,539,040 $       277 $     415,810 $       (292,280)$       123,807

Net loss                                                   0           0             0         (187,537)       (187,537)
                                               ------------- ----------- ------------- ---------------- ---------------

BALANCE, December 31, 2005                         5,539,040         277       415,810         (479,817)        (63,730)

Beneficial Conversion Feature Discount                     0           0             0           15,000          15,000
Net loss                                                   0           0             0          (79,450)        (79,450)
                                               ------------- ----------- ------------- ---------------- ---------------

BALANCE, December 31, 2006                         5,539,040         277       415,810         (544,267)       (128,180)

Beneficial Conversion Feature Discount                     0           0             0           47,000          47,000
Net loss                                                   0           0             0          (78,730)        (78,730)
                                               ------------- ----------- ------------- ---------------- ---------------

BALANCE, December 31, 2007                         5,539,040 $       277 $     415,810 $       (563,388)$      (147,301)
                                               ============= =========== ============= ================ ===============
</TABLE>






















     The accompanying notes are an integral part of the financial statements


                                       F-5
<PAGE>



<TABLE>
<CAPTION>
                              Echo Resources, Inc.
                            Statements of Cash Flows
                         For the Year Ended December 31,


                                                                  2007                  2006
                                                           -------------------  --------------------
<S>                                                        <C>                  <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                   $           (78,730) $            (79,450)
Adjustments to reconcile net loss to net cash used
  by operating activities:
    Amortization of beneficial conversion feature discount              32,554                46,097
Changes in operating assets and liabilities:
    Increase (decrease) in accounts payable - trade                          0                     0
    Increase (decrease) in accrued interest expense                     11,393                10,815
                                                           -------------------  --------------------

Net cash provided (used) by operating activities                       (34,783)              (22,538)
                                                           -------------------  --------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
 Deposit on options                                                          0                     0
                                                           -------------------  --------------------

Net cash provided (used) by investing activities                             0                     0
                                                           -------------------  --------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from stockholder loan payable                                       0                     0
Proceeds from note payable                                              47,080                30,000
                                                           -------------------  --------------------

Net cash provided by financing activities                               47,080                30,000
                                                           -------------------  --------------------

Net increase (decrease) in cash                                         12,297                 7,462
                                                           -------------------  --------------------

CASH, beginning of period                                                7,549                    87
                                                           -------------------  --------------------

CASH, end of period                                        $            19,846  $              7,549
                                                           ===================  ====================
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Non-Cash Financing Activities:
   Exchange of assets for reduction in notes payable       $            50,000  $                  0
                                                           ===================  ====================
</TABLE>









     The accompanying notes are an integral part of the financial statements

                                       F-6
<PAGE>



                              Echo Resources, Inc.

                          Notes to Financial Statements


NOTE 1 - BASIS OF PRESENTATION

The accompanying audited financial statements of Echo Resources,  Inc., (Echo or
the  Company)have  been  prepared  in  accordance  with  accounting   principles
generally  accepted  in the  United  States  of  America  and the  rules  of the
Securities and Exchange  Commission  ("SEC"),  and should be read in conjunction
with the  audited  financial  statements  and  notes  thereto  contained  in the
Company's financial statements filed with the SEC on Form 10-KSB. In the opinion
of management,  all  adjustments,  consisting of normal  recurring  adjustments,
necessary  for a fair  presentation  of  financial  position  and the results of
operations have been reflected herein.


NOTE 2 - GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern.  The Company's  financial position and
operating  results  raise  substantial  doubt  about the  Company's  ability  to
continue  as a  going  concern,  as  reflected  by  the  net  loss  of  $563,388
accumulated through December 31, 2007. The ability of the Company to continue as
a going concern is dependent upon commencing  operations,  developing  sales and
obtaining  additional  capital and  financing.  The financial  statements do not
include  any  adjustments  that might be  necessary  if the Company is unable to
continue as a going concern. The Company is currently seeking additional capital
to allow it to begin its planned operations


NOTE 3 - NOTES PAYABLE

In September 2004,  Echo issued a convertible  promissory note to allow advances
up to $100,000.  As of September  30,  2005,  $100,000 had been  advanced to the
company.  The note bears seven percent interest,  is convertible at the lender's
option at $2 per share,  and is payable in one year.  The lender has agreed to a
second extension of the maturity date for an additional year, to September 2008.
The note has been discounted for its beneficial  conversion feature,  which will
be amortized over the life of the note. A summary of the notes is as follows:

                  Notes Payable
                  -------------
          Gross proceeds from notes                $     100,000
          Less: Beneficial conversion feature           (100,000)
          Add: Amortization of discount                  100,000
                                                   -------------
        Value of note on December 31, 2007         $     100,000
                                                   =============

In September 2005, the Company issued another  convertible  promissory note with
exactly the same terms as the first note, principal up to $100,000,  interest at
7%,  maturity in one year and convertible at the lenders option at $2 per share.
At December 31, 2006,  $65,000 had been advanced  under this note.  The note was
due  September  30, 2006 and a one year  extension  of the due date to September
30,2008, has been received.

The second note has been discounted for its beneficial conversion feature, which
will be  amortized  over the life of the  note.  A  summary  of the  notes is as
follows:

                  Notes Payable
                  -------------
          Gross proceeds from notes                $      62,000
          Less: Beneficial conversion feature            (62,000)
          Add: Amortization of discount                   38,616
                                                   -------------
        Value of note on December 31, 2007         $      38,616
                                                   =============


                                       F-7

<PAGE>


                              Echo Resources, Inc.

                          Notes to Financial Statements


NOTE 4 - CASH AND CASH EQUIVALENTS

For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  investments  with maturity of three months or less when  purchased to be
cash equivalents


NOTE 5 - USE OF ESTIMATES

The  financial  statements  have been  prepared in  conformity  with  accounting
principles  generally  accepted in the United States. In preparing the financial
statements, management is required to make estimates and assumptions that affect
the reported  amounts of assets and liabilities as of the date of the statements
of financial condition and revenues and expenses for the year then ended. Actual
results may differ significantly from those estimates.


NOTE 6 - NON-CASH TRANSACTIONS

In the third quarter of 2007, the Company sold the mining claim to the holder of
its notes payable in exchange for a reduction in the outstanding  balance of the
notes payable in the amount of $50,000.  The Company recorded no gain or loss on
this transaction.


NOTE 7 - INVESTMENT

The 20%  interest in two  Canadian  mining  claims that Echo  purchased  in 2004
required it to fund 50% of the  exploration  estimated  work  program  beginning
September 2005 in order to maintain the interest.  In August 2005, this deadline
was extended to February 26, 2006.

In August 2005, the Company  purchased an additional 20% of this mining claim in
exchange for $50,000 in cash.

In the third quarter of 2007, the Company sold the mining claim to the holder of
its notes payable in exchange for a reduction in the outstanding  balance of the
notes payable in the amount of $50,000.  The Company recorded no gain or loss on
this transaction.

                                       F-8
<PAGE>





                                   SIGNATURES

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


                              Echo Resources, Inc.
                    ----------------------------------------
                                  (Registrant)


Date: March 28, 2008

                                      By: /s/ Pieter DuRand
                                          ---------------------------
                                          Pieter DuRand
                                          President and Director



     Pursuant to the  requirements  of the  Exchange  Act,  this Report has been
signed below by the  following  persons on behalf of the  Registrant  and in the
capacities and on the dates indicated.


Signature                    Title                               Date


/s/ Pieter DuRand
-------------------
Pieter DuRand                CEO, President & Director           March 28, 2008












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