UNITED STATES
                        SECURITY 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 YEAR ENDED DECEMBER 31, 1999

           [  ]  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:  1-5996

                             QUAD METALS CORPORATION
             (Exact name of registrant as specified in its charter)

           WASHINGTON                                      91-0835748
(State or Other Jurisdiction of Incorporation)     (IRS Employer Id. Number)

                     601 West Main Avenue, Suite 714  99201
              (Address of principal executive offices and Zip Code)

       Registrant's telephone number, including area code: (509) 455-9077

           Securities Registered Under Section 12 (b) of the Act: None

             Securities Registered Under Section 12 (g) of the Act:
                           COMMON STOCK, NO PAR VALUE
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange act of 1934 during
the  preceding  12  months  (or  for such shorter period that the registrant was
required  to  file  such  reports)  and  (2)  has  been  subject  to such filing
requirements  for  the  past  90  days.
( )  YES    (X)  NO

Indicate  by  check  mark if disclosure of delinquent filers in response to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best  of  registrant's  knowledge, in definitive proxy or information statements
incorporated by reference in Part III or any amendment to this Form 10-KSB.  [X]

The  registrant  had  no  revenue  for  the  most  recent  fiscal  year.

The  registrant's  Common  Stock  held  by  non-affiliates  of the registrant is
currently not trading; the aggregate market value March 4, 2002, was nil.  As of
March  4,  2002  there  were  95,474,665 shares of the registrant's common stock
outstanding.

The  Company  qualifies  under Regulation SB as a "small business issuer", (i.e.
less  than  $25,000,000  in  revenues;  a  U.S. company other than an investment
company)  and  has  met the small business issuer requirements at the end of the
past  two  consecutive  fiscal  years. The Company is entering the Regulation SB
disclosure  system  by filing its annual report with the Commission on this Form
10-KSB.

<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

                                TABLE OF CONTENTS


                                                                            PAGE
                                                                            ----
                                     PART I

Item  1.     Business                                                        3

Item  2.     Properties                                                      4

Item  3.     Legal  Proceedings                                              4

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

                                     PART II

Item  5.     Market  for  Registrant's  Common  Equity  and  Related
             Stockholder  Matters                                            5

Item  6.     Management's  Discussion  and  Analysis  of  Financial
             Condition  and  Results  of  Operations                         5

Item  7.     Financial  Statements                                        6-14

Item  8.     Changes in and Disagreements with Accountants on
             Accounting and Financial  Disclosures                          15

                                    PART III

Item  9.     Directors  and  Executive  Officers  of  the  Registrant       15

Item  10.    Executive  Compensation                                        16

Item  11.    Security  Ownership  of  Certain  Beneficial Owners
             and Management                                                 16

Item  12.    Certain  Relationships  and  Related  Transactions             17

Item  13.    Exhibits,  and  Reports  on  Form  8-K                         17

Signatures                                                                  18

















<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

                                     PART I

SAFE  HARBOR  STATEMENT

With  the  exception of historical matters, the matters discussed in this report
are  forward-looking  statements  that  involve  known  and  unknown  risks  and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
projections  or  estimates  contained  herein

ITEM  1  -  BUSINESS

Quad  Metals  Corporation  (the  "Company"  or the "Registrant") is a Washington
corporation  incorporated  in 1968.  The Company was formed to acquire interests
in  mining  properties  and  explore  for  precious  metals and other commercial
minerals.  The  Company  was  unsuccessful  in  its  activities   and  has  been
substantially  inactive  since  1991.  During  1998,  the Company reinstated its
corporate  charter  in  the  State  of Washington and began efforts to favorably
position  itself  to  seek  alternative  business  opportunities.

The  Company's  Board  of Directors intends to bring the Company into compliance
with  securities regulations, with the ultimate goal of merging the Company with
another  business  entity.  As  such,  the  Company  can be defined as a "shell"
company, whose sole purpose at this time is to locate and consummate a merger or
acquisition  with  a private entity.  The proposed business activities described
herein  classify  the  Registrant  as a "blank check" company.  Many states have
enacted  statutes,  rules  and  regulations  limiting  the sale of securities of
"blank  check"  companies  in  their  respective  jurisdictions.

                                  RISK FACTORS

The  Company's  business  is  subject  to  numerous  risk factors, including the
following:

Independent  Certified  Public  Accountants'  Opinion  -  Going  Concern
------------------------------------------------------------------------

The  Company's  financial  statements  for the years ended December 31, 1999 and
1998,  were  audited  by the Company's independent certified public accountants,
whose  report  includes  an  explanatory  paragraph  stating  that the financial
statements  have  been  prepared  assuming  the Company will continue as a going
concern  and  that the Company has incurred significant operating losses and has
stockholders'  and  working  capital  deficiencies  that raise substantial doubt
about  its  ability  to  continue  as  a  going  concern.

No  Revenue  and  Minimal  Assets
---------------------------------

The Company has had no revenues or earnings from operations.  The Company has no
significant assets or financial resources.  The Company will, in all likelihood,
sustain  operating  expenses  without corresponding revenues, at least until the
consummation  of  a  business  combination.








<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

Scarcity  of  and  Competition  for  Business  Opportunities  and  Combinations
-------------------------------------------------------------------------------

The  Company  is  and  will  continue  to be an insignificant participant in the
business  of seeking mergers with, joint ventures with and acquisitions of small
private  entities.  A  large  number  of established and well-financed entities,
including  venture  capital  firms,  are  active  in mergers and acquisitions of
companies  which  may  be  desirable  target candidates for us.  Nearly all such
entities have significantly greater financial resources, technical expertise and
managerial  capabilities than the Company and, consequently, the Company will be
at a competitive disadvantage in identifying possible business opportunities and
successfully completing a business combination.  Moreover, the Company will also
compete  in  seeking  merger or acquisition candidates with numerous other small
public  companies.

Continued  Management  Control,  Limited  Time  Availability
------------------------------------------------------------

While  seeking  a  business  combination,  management anticipates devoting up to
twenty  hours per month to the business of the Company.   The Company's officers
have not entered into written employment agreements with the Company and are not
expected  to  do  so  in  the  foreseeable  future.

Conflicts  of  Interest  -  General
-----------------------------------

The  Company's  officers  and  directors  participate in other business ventures
which  compete  directly with the Company.  Additional conflicts of interest and
non-arms  length  transactions  may  also  arise  in the future in the event the
company's  officers or directors are involved in the management of any firm with
which  the  Company  transacts  business.

Probable  Change  in  Control  and  Management
----------------------------------------------

A  business  combination  involving the issuance of the Company's stock will, in
all  likelihood,  result  in  shareholders  of  a  private  company  obtaining a
controlling  interest  in  the  Company.  The resulting change in control of the
Company  will  likely  result  in  removal  of  one or more present officers and
directors  of  the  Company  and  a corresponding reduction in or elimination of
their  participation  in  the  future  affairs  of  the  Company.

Reduction  of  Percentage  Share  Ownership  Following  Business  Combination
-----------------------------------------------------------------------------

The Company' primary plan of operation is based upon a business combination with
a  private concern which, in all likelihood, would result in the Company issuing
securities  to shareholders of such private company.  The issuance of previously
authorized and unissued common stock of the Company would result in reduction in
percentage  of  shares  owned  by  present  and  prospective shareholders of the
Company and would most likely result in a change in control or management of the
Company.







<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

Employees
---------

The Company has no paid employees.  None of the Company's executive officers are
employed  by  the  Company.  Management  services are provided on an "as needed"
basis  without  compensation,  generally  less  than  five  hours per week.  The
Company  has  no  oral  or  written  contracts  for  services with any member of
management.

ITEM  2  -  PROPERTIES

At  December  31,  1999,  the  Company  had  no  properties.

ITEM  3  -  LEGAL  PROCEEDINGS

The registrant has no legal actions pending against it and is not a party to any
suits  in  any  court  of  law.


ITEM  4  -  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

No  matters  were  submitted  to  a  vote  of  security  holders  during  1999.

                                     PART II

ITEM  5 - MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER  MATTERS

The  Company's  common  stock  has  been inactive for several years and there is
currently  not  a  public  trading  market for the Company's common stock on any
organized  exchange.

     Holders.     The  number  of  stockholders  of  record on March 1, 2002 was
approximately  942.

     Dividends.     The  Company  has declared no cash or stock dividends on its
common stock since inception and does not anticipate declaring or paying cash or
stock  dividends  in  the  future.

ITEM  6  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
     AND  RESULTS  OF  OPERATIONS

          PLAN  OF  OPERATION

The  Company's  purpose  is  to  seek,  investigate  and,  if such investigation
warrants,  acquire  an  interest  in  business  opportunities presented to it by
persons  or  firms  who  or  which desire to seek the perceived advantages of an
Exchange Act registered corporation.  The primary method the Company will use to
find  potential  merger  or acquisition candidates will be to run classified ads
seeking  companies,  which  are  looking  to  merge  with  a  public  shell.

Management  of the Company, while not especially experienced in matters relating
to  the  new business of the Company, will rely primarily upon their own efforts
to  accomplish the business purposes of the Company.  It is not anticipated that
any  outside consultants or advisors, other than the Company's legal counsel and
accountants, will be utilized by the Company to effectuate its business purposes
described  herein.



<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

     FINANCIAL  CONDITION  AND  LIQUIDITY

During  the  year  ended  December  31,  1999  no  cash was generated or used by
operating  activities  of  the  Company.    The Company has no recurring revenue
from  operating activities and plans to fund its future operations through sales
of its unregistered common stock, although there can be no assurance the Company
will  be  successful  in  its  efforts  to  sell  its  common  stock.

ITEM  7  -  FINANCIAL  STATEMENTS

                          INDEX TO FINANCIAL STATEMENTS

Report  of  DeCoria,  Maichel  &  Teague  P.S.,  Independent  Accountants     7

Balance  Sheets,  December  31,  1999  and  1998                              8

Statements  of  Operations  for the years ended December 31, 1999 and 1998    9

Statements  of  Changes  in  Stockholders'  Deficit
for  the  years  ended  December  31,  1999  and  1998                       10

Statements  of  Cash Flows for the years ended December 31, 1999 and 1998    11

Notes  to  Financial  Statements                                          12-15



































<page>



               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

Board  of  Directors
Quad  Metals  Corporation
Spokane,  WA


We have audited the accompanying balance sheets of Quad Metals Corporation ("the
Company")  as  of  December  31,  1999  and  1998, and the related statements of
operations,  stockholders'  deficit,  and  cash  flows for the years then ended.
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 audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  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  audits  provide  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 Quad Metals Corporation as of
December 31, 1999 and 1998, and the results of its operations and its cash flows
for  the  years  then  ended, in conformity with accounting principles generally
accepted  in  the  United  States  of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 1 to the
financial  statements,  the  Company's  operating losses raise substantial doubt
about  its  ability to continue as a going concern.  The financial statements do
not  include  any  adjustments  that  might  result  from  the  outcome  of this
uncertainty.

DeCoria,  Maichel  &  Teague  P.S.

/s/:  DeCoria,  Maichel  &  Teague  P.S.

Spokane,  Washington
November  19,  2001
Except  for  Note  4  which  is  dated  December  15,  2001















<page>
QUAD  METALS  CORPORATION
BALANCE  SHEETS
December  31,  1999  and  1998




                                     ASSETS

                                                   1999          1998
                                               ------------  ------------
               Total  assets                   $         0   $         0
                                               ============  ============




                      LIABILITES AND STOCKHOLDERS' DEFICIT

Current  liabilities:
     Accounts  payable                         $     2,885   $     2,824
                                               ------------  ------------
               Total  liabilities                    2,885         2,824
                                               ------------  ------------

Stockholders'  deficit:
     Common stock, no par value; 40,000,000
       shares authorized, 35,474,665 shares
       issued and outstanding                    2,192,824     2,192,824
     Accumulated  deficit                       (2,195,709)   (2,195,648)
                                               ------------  ------------
               Total  stockholders'  deficit        (2,885)       (2,824
                                               ------------  ------------
Total liabilities and stockholders' deficit    $         0   $         0
                                               ============  ============


























The accompanying notes are an integral part of these financial statements.
<page>
QUAD  METALS  CORPORATION
STATEMENTS  OF  OPERATIONS
For  the  years  ended  December  31,  1999  and  1998




                                                   1999          1998
                                               ------------  ------------
Operating  expenses:
     Legal  expense                            $        61   $     2,824
                                               ------------  ------------

Net  loss                                      $       (61)  $    (2,824)
                                               ============  ============

Net  loss  per  common  share                  $       Nil   $       Nil
                                               ============  ============


Weighted  average  common
shares  outstanding-basic                       35,474,665     35,474,665
                                               ============  ============






































The accompanying notes are an integral part of these financial statements.
<page>
QUAD  METALS  CORPORATION
STATEMENTS  OF  CHANGES  IN  STOCKHOLDERS'  DEFICIT
For  the  years  ended  December  31,  1999  and  1998






                                COMMON  STOCK
                          --------------------------  ACCUMULATED
                             SHARES     AMOUNT        DEFICIT       TOTAL
                          ------------  ------------  ------------  -----------
Balance,
  December 31, 1997         35,474,665  $ 2,192,824   $(2,192,824)  $        0

Net  loss                                                  (2,824)      (2,824)
                          ------------  ------------  ------------  -----------
Balance,
  December 31,  1998        35,474,665    2,192,824    (2,195,648)      (2,824)

Net  loss                                                     (61)         (61)
                          ------------  ------------  ------------  -----------
Balance,
  December  31,  1999       35,474,665  $ 2,192,824   $(2,195,709)  $   (2,885)
                          ============  ============  ============  ===========



































The accompanying notes are an integral part of these financial statements.
<page>
QUAD  METALS  CORPORATION
STATEMENTS  OF  CASH  FLOWS
For  the  years  ended  December  31,  1999  and  1998



                                                   1999          1998
                                               ------------  ------------

Cash  flows  from  operating  activities:
     Net  loss                                 $       (61)  $    (2,824)

     Change  in:
          Accounts  payable                             61         2,824
                                               ------------  ------------
Net  cash  used  by  operating  activities               0             0
                                               ------------  ------------
Net  change  in  cash                                    0             0

Cash,  beginning  of  year                               0             0
                                               ------------  ------------

Cash,  end  of  year                          $          0   $         0
                                               ============  ============





































The accompanying notes are an integral part of these financial statements.
<page>
QUAD  METALS  CORPORATION
NOTES  TO  FINANCIAL  STATEMENTS

1.     ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

Quad Metals Corporation (the "Company") is a Washington corporation incorporated
in  1968.  The  Company was formed to acquire interests in mining properties and
explore  for  precious  metals  and  other  commercial minerals. The Company was
unsuccessful  in  its activities and has been substantially inactive since 1991.

During  1998,  the  Company  reinstated  its  corporate  charter in the State of
Washington  and  began  efforts to favorably position itself to seek alternative
business  opportunities.

These  financial  statements  are  presented  on the basis that the Company is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course of business over a reasonable length of
time.  The  Company  has  incurred  operating losses since its inception, has no
recurring  source  of  revenue, and has an accumulated deficit. These conditions
raise  substantial  doubt  as  to  the  Company's ability to continue as a going
concern.

Management's  plans  for  the  continuation  of  the  Company as a going concern
include  financing  the  Company's  operations through sales of its unregistered
common  stock and the eventual acquisition of an entity with profitable business
operations. There are no assurances, however, with respect to the future success
of  these  plans. The financial statements do not contain any adjustments, which
might  be  necessary,  if  the Company is unable to continue as a going concern.

Unless  otherwise  indicated,  amounts  provided in these notes to the financial
statements  pertain  to  continuing  operations.

2.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Use  of  Estimates
------------------

The  preparation  of  the  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 amounts reported in
the  financial  statements  and  accompanying notes. Actual results could differ
from  those  estimates.

Income  Taxes
-------------

Income taxes are recognized in accordance with Statement of Financial Accounting
Standards  No.  109,  "Accounting for Income Taxes," whereby deferred income tax
liabilities  or  assets  at  the end of each period are determined using the tax
rate  expected  to be in effect when the taxes are actually paid or recovered. A
valuation  allowance is recognized on deferred tax assets when it is more likely
than  not  that  some  or all of these deferred tax assets will not be realized.

Fair  Values  of  Financial  Instruments
----------------------------------------

The  carrying  amounts  of  financial  instruments,  including accounts payable,
approximated  their  fair  values  as  of  December  31,  1999,  and  1998.




<page>
QUAD  METALS  CORPORATION
NOTES  TO  FINANCIAL  STATEMENTS,  CONTINUED:

2.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED:

Loss  Per  Share
----------------

Such  amounts, representing basic and diluted loss per share, are computed based
on  the  weighted  average  number  of shares outstanding during the years ended
December  31,  1999  and  1998.

Mining  Properties
------------------

In  prior years the Company owned or controlled properties on private and public
lands  in  several states in the Western United States for purposes of exploring
for  and  developing  commercial  mineral  deposits.  The  Company's exploration
efforts  on its properties proved unsuccessful, and as of December 31, 1991, the
Company  had  abandoned  all  of its interests in mineral and mining properties.
The  Company  and  its  properties have been subject to a variety of federal and
state  regulations  governing  land use and environmental matters. The Company's
management  believes  it  has  been  in  substantial  compliance  with  all such
regulations,  and  is  unaware  of  any pending action or proceeding relating to
regulatory  matters  that  would  affect  the financial position of the Company.

New  Accounting  Pronouncements
-------------------------------

In  June  1998,  the  Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards No. 133, "Accounting for Derivative Instruments
and  Hedging  Activities."  The  Statement requires the Company to recognize all
derivatives on the balance sheet at fair value. The Company anticipates that the
adoption  of  this  statement  will  not have a material affect on its financial
statements.

3.     INCOME  TAXES

At  December  31, 1999 and 1998, the Company had federal tax-basis net operating
loss  carryforwards  totaling  approximately  $1,420,000,  which  will expire in
various  amounts  through  2019.  The  deferred  tax asset associated with these
operating  loss  carryforwards  is  approximately  $483,000  for the years ended
December  31,  1999  and 1998, and has been fully reserved for each of the years
then  ended, as management believes it is more likely than not that the deferred
tax  assets  will  not  be  utilized.

4.     STOCKHOLDERS'  DEFICIT

Common  Stock
-------------

The  Company  has  one  class  of  no  par  value  common  stock  authorized and
outstanding.  During  a meeting of shareholders on March 15, 1984, the Company's
Articles  of  Incorporation  were  amended  to  increase  the  number  of shares
authorized  for issue from 10,000,000 to 40,000,000. During an annual meeting of
shareholders  ordered  by  the  Superior  Court  of  the  State of Washington on
September 17, 1998, the articles of incorporation were again amended to increase
the  number  of  shares authorized for issue to 100,000,000.  The amendment took
effect upon its filing with the Secretary of the State of Washington in December
of  2001.  In  prior  years  the Company's stock was traded on the Spokane Stock
Exchange  in  Spokane, Washington.  Since 1990, however, very little trading has
taken  place, and there is essentially no active market for the Company's stock.
<page>
QUAD  METALS  CORPORATION
NOTES  TO  FINANCIAL  STATEMENTS,  CONTINUED:

4.     STOCKHOLDERS'  DEFICIT (CONTINUED)

Preferred  Stock
----------------

During  the  annual meeting of shareholders on September 17, 1998, the Company's
Articles  of Incorporation were amended to authorize 10,000,000 shares of no par
value  preferred  stock.  The  preferred  stock  is  entitled to preference over
common  stock  of  the Company with respect to the distribution of assets in the
event  of  liquidation  or dissolution.  The preferred stock may be divided into
and  issued  in  designated  series  as  determined  by  the  Company's board of
directors.  The  amendment took effect upon its filing with the Secretary of the
State  of  Washington  in  December
of  2001.

5.     RELATED  PARTY  TRANSACTIONS

The  Company  has  been  furnished   with   certain   unreimbursed   management,
administrative,  accounting  and consulting services by various related parties,
which  are  not  reflected in these financial statements and not material to the
financial  statements.  For  the  years  ended  December  31, 1999 and 1998, the
Company  expended,  $61 and $2,824, respectively, for legal services relating to
reinstating  the  Company's  corporate  charter  and  amending  its  Articles of
Incorporation.  The  services were provided by Gregory B. Lipsker, the Company's
legal  counsel  and  an officer and director. At December 31, 1999 and 1998, the
Company  had  accrued  $2,885 and $2,824, respectively, to Mr. Lipsker for legal
services  provided.

During  2001, the Company sold 1,500,000 shares of its unregistered common stock
to Mr. Lipsker for $0.001 per share, or $1,500. The Company also sold 24,500,000
shares  of  its  unregistered  common stock to existing directors for $0.001 per
share  or $24,500. Both of the aforementioned sales were pursuant to an offering
that  was  exempt  from  securities  registration  (See  Note  6).

6.     SUBSEQUENT  EVENT

In  October  of  2001,  the Company's board of directors resolved to offer up to
60,000,000  shares  of  its  common  stock,  in  a private placement, to certain
accredited  investors.  The  offering,  which was exempt from registration under
the  Securities  Act of 1933 ("the Act") pursuant to Section 4(2) of the Act and
Rule  506  of  Regulation  D,  resulted  in the sale of 60,000,000 shares of the
Company's  unregistered common stock for $0.001 per share, or $60,000.  Proceeds
from  the  offering are to be used to fund general and administrative activities
necessary  to  reestablish  the Company's compliance with securities regulations
and  investigate  potential  business  opportunities  with  other  entities.














<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

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

     None

                                    PART III


ITEM  9  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

     Directors  and  Executive  Officers.

The  names,  ages,  business  experience  and  positions  of  our  directors and
executive  officers  as  of  December 31, 1999 are set out below.  The Company's
board of directors consisted of three members at such date.  All directors serve
until  their  successors  are  elected  and  qualified.

     NAME                    AGE     POSITION
---------------------------  ---  ----------------------------------------------
     Gregory  B.  Lipsker     49     President  and  a  director
     Eunice  R.  Campbell     54     Secretary,  Treasurer  and  a  director
     William  R.  Green       61     Vice-President  and  a  director

Each Officer serves in the position indicated after his name for a period of one
year  or  until  his  successor  is  elected  and  qualified.

Biographies  of  Directors,  Executive  Officers,  and  Key  Individuals.

Gregory  B.  Lipsker.
--------------------

Mr.  Lipsker  is  a  practicing  attorney in Spokane, Washington.  Mr. Lipsker's
practice  emphasizes  corporate  and  securities  matters.  Mr.  Lipsker  is  an
executive  officer of Metaline Mining and Leasing Company and Cimarron-Grandview
Group,  Inc.,  both  publicly  held,  inactive  mining  exploration  companies.

Eunice  R.  Campbell.
--------------------

Mrs. Campbell is a retired businesswoman.  Prior to her retirement in 1987, Mrs.
Campbell  was  the  owner  of Spokane Guaranty Company, a stock transfer agency.
Mrs.  Campbell  is  an  executive  officer  and  director of Metaline Mining and
Leasing Company and Cimarron-Grandview Group, Inc., both publicly held, inactive
mining  exploration  companies.

Dr.  William  R.  Green.
-----------------------

William  R.  Green  is  a  mining engineer and geologist, and was a professor of
mining  engineering  at  the  University  of  Idaho from 1965-1983.  He has been
actively  involved in the mining business since 1962 and is a former officer and
director  of  Yamana Resources and currently an officer and director of Canadian
public  companies:  Maya  Gold  Limited  and  Petromin  Resources,  Ltd., and US
Companies  Mines  Management,  Inc.,  Metaline  Mining  and  Leasing,  Co.,  and
Cimarron-Grandview  Group,  Inc.,  all  publicly  held companies, the latter two
being  inactive  mining  exploration  companies.



<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB

Involvement  in  Certain  Legal  Proceedings

None  of  the  Officers and Directors of the Registrant has been involved in any
bankruptcy,  insolvency or receivership proceedings as an individual or a member
of  any  partnership  or  corporation;  none  has  been  convicted in a criminal
proceeding.

ITEM  10  -  EXECUTIVE  COMPENSATION

No  officer  receives  any  compensation  for  services rendered to the Company.
Directors  receive  no  annual compensation nor attendance fees for servicing in
such  capacity.

ITEM  11  -  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND
             MANAGEMENT
The following table sets forth as of December 31, 1999, the names of, and number
of  shares  beneficially  owned,  by  persons  known to us to own more than five
percent  (5%)  of  our  common  stock;  the  names  of,  and  number  of  shares
beneficially  owned  by  each  of  our directors and executive officers; and the
number  of  shares  beneficially  owned  by  all  of our directors and executive
officers  as  a  group.  At such date, there were 35,474,665 outstanding shares.

                                        AMOUNT AND NATURE
                                        OF BENEFICIAL
                                        OWNERSHIP (ALL DIRECT         PERCENT
NAME  OF  OWNER                         UNLESS OTHERWISE NOTED)       OF CLASS
-------------------------------------  -----------------------------  ----------
The Estate of Dr. Tibor Klobusicky(1)            15,750,000             44.40%
     E.3612  16th  Ave.
     Spokane,  WA  99203
Stanley  Harrison                                10,000,000             28.19%
     E. 10900  Wolf  Lodge  Bay  Road
     Coeur  d'  Alene,  ID  83814
Elizabeth  Klobusicky  Mailender                  2,250,000              6.34%
     Haupstrasse  58
     7401  Remmingsheim
     West  Germany
Iris  Momber                                      2,250,000              6.34%
     E.  3612  16th  Avenue
     Spokane,  WA  99203
Nadine  Young                                     2,250,000              6.34%
     3804  Indigo
     Plano,  TX  75075
Eunice  R.  Campbell  (2)                         1,268,000              3.57%
     301  S.  Chestnut  #7
     Spokane,  WA  99204

All directors and executive
Officers as a group (1 person)                    1,268,000              3.57%

(1)     Includes  3,000,000  shares  of held of record and owned beneficially by
the  Estate  of  Tibor  Klobusicky  and  12,750,000 as to which Tibor Klobusicky
claims  beneficial  ownership through the shares held of record by the Family of
Dr.  Tibor  Klobusicky,  The  Klobusicky Family Trust, and the Klobusicky Family
Partnership.

(2)     Director  and  Secretary/Treasurer.


<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB


ITEM  12  -  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

See  Notes  4,  5,  and  6  to  the  Financial  Statements.

ITEM  13  -  EXHIBITS,  AND  REPORTS  ON  FORM  8-K

(a)  Exhibits
     3  (i)  Amended  and restated Articles of Incorporation September 18, 1998*
*As  filed  with  the  Registrant's  1998  annual  report  on  Form  10-K.

(b)  Reports  on  Form  8-K

     No reports on Form 8-K were filed by the Registrant during the last quarter
of  1999.




















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<page>
                             QUAD METALS CORPORATION
                                    FORM 10KSB


                                   SIGNATURES

Pursuant  to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act  of  1934,  the  registrant  has duly caused this report to be signed on its
behalf  by  the  undersigned,  thereunto  duly  authorized.

          QUAD  METALS  CORPORATION  INC.

     By:     /s/  Robert  W.  O'Brien
             ------------------------
          Robert  W.  O'Brien
          President
          Date:  March  25,  2002

     By:     /s/  Michael  L.  McLaughlin
             ----------------------------
          Michael  L.  McLaughlin
          Vice-President
          Date:  March  25,  2002

     By:     /s/Martyn  A.  Powell
             ---------------------
          Martyn  A.  Powell
          Secretary/Treasurer
          Date:  March  25,  2002




Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed below by the following persons on behalf of the registrant and
in  the  capacities  and  on  the  dates  indicated.


By:/s/  Robert  W.  O'Brien
   ------------------------
     Robert  W.  O'Brien
     Director  and  President
     Date:  March  25,  2002


By:/s/  Michael  L.  McLaughlin
   ----------------------------
     Michael  L.  McLaughlin
     Director  and  Vice-President
     Date:  March  25,  2002


By:  /s/Martyn  A.  Powell
   -----------------------
     Martyn  A.  Powell
Director  and  Secretary/Treasurer
     Date:  March  25,  2002