QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT

                                DECEMBER 31, 1996

                                  UNITED STATES
                        SECURITY AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-K

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

(Mark  One)
(X)   ANNUAL  REPORT  PURSUANT TO SECTION 12 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT  OF 1934
        For  the  year  ended  December  31,  1996

(  )  TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE  ACT  OF  1934  (NO  FEE  REQUIRED)
         For  the  transition  period

                        Commission  File  Number  1-5996

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

                 WASHINGTON                              91-0835748
(State  of  Incorporation  or  Organization)    (IRS  Employer  ID  Number)

                         601 WEST MAIN AVENUE, SUITE 714
                    (Address of Principal Executive Offices)

                                 (509) 455-9077
                         (Registrant's Telephone Number)

Securities  Registered  Under  Section  12  (b)  of  the  Act:
                                      NONE
                                (Title of Class)

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-K.  (X)

     The  registrant's  Common Stock held by non-affiliates of the registrant is
currently  not trading.  The aggregate market value August 27, 2001 was nil.  As
of August 27, 2001 there were 35,474,665 shares of the registrant's common stock
outstanding
<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

                                TABLE OF CONTENTS

Item  1.   Business                                                         3

Item  2.   Properties                                                       3

Item  3.   Legal  Proceedings                                               3

Item  4.   Submission  of  Matters  to  a  Vote  of  Security  Members      3

                                     PART II

Item  5.   Market  for  Registrant's  Common  Equity  and  Related
             Stockholder  Matters                                           3

Item  6.   Selected  Financial  Data                                        4

Item  7.   Management's  Discussion  and  Analysis  of  Financial
              Condition  and  Results  of  Operations                       4

Item  8.   Financial  Statements                                         5-10

Item  9.   Changes  in  and  Disagreements  with  Accountants               4

                                    PART III

Item  10.  Directors  and  Executive  Officers  of  the  Registrant        11

Item  11.  Executive  Compensation                                         12

Item  12.  Security Ownership of Certain Beneficial Owners and
           Management                                                      13

Item  13.  Certain  Relationships  and  Related  Transactions              14

                                     PART IV

Item  14.  Exhibits, Financial Statement Schedules, and Reports
           on Form 8-K                                                     14


Signatures                                                                 15
















<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

                                     PART I

ITEM  1  -  BUSINESS

Quad  Metals  Corporation (hereinafter "the Company") was incorporated under the
laws  of the State of Washington on June 5, 1968 and was organized primarily for
the purpose of exploring for, acquiring and developing mineral properties with a
potential  for  production.

The  registrant's  initial  and   subsequent  efforts  in  the  acquisition  and
exploration  of  potentially viable and commercial properties were unsuccessful.
Consequently,  all  mining  claims were abandoned by December of 1990.  Thus the
Company  conducts  no operations or business, and it has no employees and has no
plans  for  such.

ITEM  2  -  PROPERTIES

     As  of  December  31,  1996,  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  1996.

                                     PART II

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

(a)     Market  Information
---     -------------------
The bid prices for the Registrant's common stock for the years 1995 and 1996 are
as  follows:
                             1995                           1996
                   -------------------------     -------------------------
                      High            Low            High           Low
                   ----------     ----------     ----------     ----------
First  Quarter     No  Trades     No  Trades     No  Trades     No  Trades
Second  Quarter    No  Trades     No  Trades     No  Trades     No  Trades
Third  Quarter     No  Trades     No  Trades     No  Trades     No  Trades
Fourth  Quarter    No  Trades     No  Trades     No  Trades     No  Trades

(b)     Approximate  Number  of  Equity  Security  Holders
        --------------------------------------------------

Title  of  Class                              Number  of  Shareholders of Record
------------------------------------          ----------------------------------
Common  stock,  no  par  value                Approximately  942

(c)  Dividend  Information
      ---------------------

       No  dividends  were  paid  by  the  Company  in  1996.

<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

ITEM  6  -  SELECTED  FINANCIAL  DATA

The  following  data  should be read in conjunction with the Company's financial
statements  and  the  notes  thereto:

Selected  Income  Statement  Data:
                                     Year Ended December 31,
                     -----------------------------------------------------------
                        1992         1993        1994        1995        1996
                     ----------- ----------- ----------- ----------- -----------
Net Revenues         $      -0-  $      -0-  $      -0-  $      -0-  $       -0-
Net income (loss)    $      -0-  $      -0-  $      -0-  $      -0-  $       -0-
Per share            $      Nil  $      Nil  $      Nil  $      Nil  $       Nil
Nil
Cash dividends
  per share          $      -0-  $      -0-  $      -0-  $      -0-  $       -0-

Selected  Balance  Sheet  Data:
                                     Year Ended December 31,
                     -----------------------------------------------------------
                        1992         1993        1994        1995        1996
                     ----------- ----------- ----------- ----------- -----------
Current Assets      $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Current Liabilities $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Working Capital     $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Total Assets        $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Long-term debt      $      -0-  $      -0-  $      -0-  $      -0-  $      -0-
Stockholders'
  Equity  (Deficit) $(2,192,824)$(2,192,824)$(2,192,824)$(2,192,824)$(2,192,824)

ITEM  7  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
     AND  RESULTS  OF  OPERATIONS

The Company had no operating activities during 1996 (no income or expenses), and
as  of  December  31,1996,  there  were  no  assets  or  liabilities.

ITEM  8  -  FINANCIAL  STATEMENTS  AND  SUPPLEMENTARY  DATA

The  company's  financial  statements  appear  following Part II of this report.


ITEM  9  -  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS

None.














<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996




                             QUAD METALS CORPORATION

                              FINANCIAL STATEMENTS
                                   (UNAUDITED)

                           December 31, 1996 and 1995

















                             QUAD METALS CORPORATION
                           DECEMBER 31, 1996 AND 1995

                                TABLE OF CONTENTS






     FINANCIAL  STATEMENTS  (UNAUDITED)

     Balance  Sheets  for  the  Years  Ended
            December  31,  1996  and  1995                                   2

     Statements  of  Operations  for  the  Years  Ended
            December  31,  1996  and  1995                                   3

     Statement  of  Changes  in  Stockholders'  Equity (Deficit) for the
             Years  Ended  December  31,  1996  and  1995                    4

     Statements  of  Cash  Flows  for  the  Years  Ended
            December  31,  1996  and  1995                                   5

     NOTES  TO  THE  FINANCIAL  STATEMENTS                                   6







<PAGE>
                             QUAD METALS CORPORATION
                                 BALANCE SHEETS
                            DECEMBER 31, 1996 AND 1995
                                   (UNAUDITED)





                                                    1996            1995
                                               --------------  --------------
ASSETS

CURRENT ASSETS                                 $          -0-  $          -0-
                                               --------------  --------------

TOTAL  ASSETS                                  $          -0-  $          -0-
                                               ==============  ==============


STOCKHOLDERS'  EQUITY  (DEFICIT)

STOCKHOLDERS'  EQUITY  (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                 (2,192,824)      (2,192,824)
                                               --------------  --------------
TOTAL  STOCKHOLDERS'  EQUITY  (DEFICIT)        $          -0-  $          -0-
                                               ==============  ==============






























The accompanying notes are an integral part of these financial statements.
                                       -2-
<PAGE>
                             QUAD METALS CORPORATION
                            STATEMENTS OF OPERATIONS
                 FOR THE YEARS ENDED DECEMBER 31, 1996 AND 1997
                                   (UNAUDITED)



                                                    1996            1995
                                               --------------  --------------

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

OPERATING EXPENSES                                        -0-             -0-
                                               --------------  --------------

OPERATING INCOME                                          -0-             -0-
                                               --------------  --------------

NET INCOME                                     $          -0-  $          -0-
                                               ==============  ==============


NET LOSS PER COMMON SHARE                      $          -0-  $          -0-
                                               ==============  ==============


WEIGHTED AVERAGE COMMON SHARES
   OUTSTANDING - BASIC                            35,474,665      35,474,665
                                               ==============  ==============






























The accompanying notes are an integral part of these financial statements.
                                       -3-
<PAGE>
                             QUAD METALS CORPORATION
             STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                  FOR THE YEARS ENDED DECEMBER 31, 1996 AND 1995
                                   (UNAUDITED)


                             Common Stock
                       --------------------------
                       Number                      Accumulated
                       of Shares     Amount        Deficit       Total
                       ------------  ------------  ------------  ------------

Balance,
December 31, 1994        35,474,665  $ 2,192,824   $(2,192,824)  $        -0-

Net loss                                                    -0-           -0-
                       ------------  ------------  ------------  ------------

Balance,
December 31, 1995        35,474,665  $ 2,192,824   $(2,192,824)  $        -0-

Net loss                                                    -0-           -0-
                       ------------  ------------  ------------  ------------

Balance,
December 31, 1996        35,474,665  $ 2,192,824   $(2,192,824)  $        -0-
                       ============  ============  ============  ============

































The accompanying notes are an integral part of these financial statements.
                                       -4-
<PAGE>
                             QUAD METALS CORPORATION
                            STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 1996 AND 1995
                                   (UNAUDITED)


                                                    1996            1995
                                               --------------  --------------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net  income  (loss)                          $          -0-  $          -0-
                                               --------------  --------------

Net cash provided by operating activities                 -0-             -0-
                                               --------------  --------------

CASH FLOWS FROM INVESTING ACTIVITIES:                     -0-             -0-
                                               --------------  --------------

CASH FLOWS FROM FINANCING ACTIVITIES:                     -0-             -0-
                                               --------------  --------------

Net  decrease  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.
                                       -5-
<PAGE>
                             QUAD METALS CORPORATION
                          NOTES TO FINANICAL STATEMENTS
                                   (UNAUDITED)
                           DECEMBER 31, 1996 AND 1995


NOTE  1  -  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

The  Company was incorporated in the State of Washington on June 5, 1968 for the
primary  purpose  of  acquiring mining claims and exploring for precious mineral
deposits.  As  of  December  31,  1990, the Company abandoned all mining claims.

Revenues  and  expenses  are  recognized under the accrual method of accounting.

Costs  incurred in the acquisition, exploration and development of mining claims
and  permits  are  capitalized.  These  costs  would  be  amortized  on  the
units-of-production  basis  based  upon  the  production  of  commercial mineral
deposits.  Costs  incurred  for abandoned or unrenewed mining claims and permits
are  charged  to  operating  expenses at the time of abandonment or non-renewal.

Earnings  (loss)  per share are calculated using the weighted average method for
outstanding  shares.

The  preparation  of  the  financial  statements  in  conformity  with generally
accepted  accounting  principles  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.


NOTE  2  -  INCOME  TAXES

There  is  a  net  operating  loss  carryover  of  $1,510,701 for the year ended
December 31, 1996.  $68,855 in net operating loss carryovers will expire in 1996
if not utilized The Company has not recorded a deferred tax asset for the future
potential  benefit  of  the  net  operating loss carryovers because it is highly
unlikely  that  they  will  be  utilized  prior  to  their  expiration.


























<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

                                    PART III

ITEM  10  -  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

(a)  Identification  of  Directors.
     ------------------------------
Name of Director                Age   History
---------------------------     ---   -----------------------------------------
Stanley  Harrison                70   Mr. Harrison has been a director and Vice
E. 10900 Wolf Lodge Bay Rd            President of the Registrant since October
Coeur  d'  Alene,  ID  83814          1984.

The  bylaws  of the Company provide that each Director serve for a period of one
year  or  until  his  successor  is  elected  and  qualified.

There  are  no arrangements or understanding between any of the Directors or any
other  persons pursuant to which any Director is to be selected as a Director or
nominee.

(b)  Identification  of  Executive  Officers.
     ----------------------------------------

Name of Executive Officers       Age          Title
-----------------------------    ---          ----------------------
Stanley  Harrison                 70          Vice  President

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

(c)  Identification  of  Certain  Significant  Employees.
     ----------------------------------------------------

The  Registrant  has  no  significant  employees.

(d)  Family  Relationships.
     ----------------------

None  of  the Officers or Directors is related by blood, marriage or adoption to
any  other  of  the  Officers  or  Directors.

(e)  Business  Experience.
     ---------------------

Stanley  Harrison  has  many years experience in mining exploration, development
and  production  in  the  Coeur d' Alene Silver Belt of Northern Idaho.  He owns
interests  in  several  of the smaller mining companies in that and other areas.


(f)  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.



<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

ITEM  11  -  EXECUTIVE  COMPENSATION

(a)  (1)  Cash  Compensation:
          -------------------

None  of the Officers and Directors received any compensation for acting as such
in  1996.

(a)  (2)  Bonuses  and  Deferred  Compensation:
          -------------------------------------

There  are  no  bonuses  or  deferred  compensation.

(b)  (1)  Compensation  Pursuant  to  Plans:
          ----------------------------------

There  are no compensation plans.  There are no pension plans, stock options, or
stock  appreciation  rights,  and  none  is  proposed  for  the  future.

(c)  Other  Compensation:
     --------------------

None

(d)  Compensation  of  Directors:
     ----------------------------

(1)     Standard  Arrangements.

      There  are  no  standard  arrangements  for  compensating  Directors.

(2)  Other  Arrangements.

         There  are  no  other  arrangements  for  compensating  Directors.

(e)  Termination  of  Employment  and  Change  of  Control  Arrangements.
     --------------------------------------------------------------------

There are no compensatory plans or arrangements for compensation in the event of
termination  of  employment,  resignation,  retirement  etc.


















<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

ITEM  12  -  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND
MANAGEMENT

(a)  Security  ownership  of  certain  beneficial  owners.
     -----------------------------------------------------

                                                 Amount & Nature of    Percent
Title of Class  Name of Beneficial Owner         Beneficial Ownership  of Class
--------------  -------------------------------  --------------------  --------
Common  Stock   Estate of Dr. Tibor Klobusicky   9,750,000 shares of
                                                 record and owned
                                                 beneficially           27.48%
Common  Stock   The Klobusicky Family Trust      2,000,000 shares of
                E. 3612 16th Ave.                record and owned
                Spokane, WA  99203               beneficially           5.63 %
Common  Stock   Klobusicky Family Partnership    1,000,000  shares of
                Spokane, WA 99203                record and owned
                                                 beneficially            2.82%
Common  Stock   Elizabeth Klobusicky Mailender   2,250,000 shares of
                Haupstrasse 58                   record and owned
                7401 Remmingsheim                beneficially            6.34%
                West Germany
Common  Stock   Iris  Momber                     2,250,000 shares of
                E. 3612 16th Avenue              record and owned
                Spokane, WA  99203               beneficially            6.34%

Common Stock    Nadine  Young                    2,250,000 shares of
                3804 Indigo                      record and owned
                Plano, Texas  75075              beneficially            6.34%

(a)  Security  ownership  of  certain  beneficial  owners.
     -----------------------------------------------------
                                                 Amount & Nature of    Percent
Title of Class  Name of Beneficial Owner         Beneficial Ownership  of Class
--------------  -------------------------------  --------------------  --------
Common  Stock   Stanley  Harrison                10,000,000 shares of
                E. 10900 Wolf Lodge Bay Road     record and owned
                Coeur d' Alene, ID 83814         beneficially            28.19%

(b)  Security  ownership  of  management.
     ------------------------------------
                                                 Amount & Nature of    Percent
Title of Class  Name of Beneficial Owner         Beneficial Ownership  of Class
--------------  -------------------------------  --------------------  --------
Common Stock    Estate of Tibor Klobusicky*      15,750,000              44.40%
Common  Stock   Stanley  Harrison                10,000,000 shares of
                                                 record and owned
                                                 beneficially            28.19%
Total  of  all  Officers and Directors           25,750,000 shares of
                                                 record and owned
                                                 beneficially            72.59%

*  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  as  set  forth  in  Item  12(a)  above.

<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

ITEM  13  -  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

(a)  Transactions  with  Management  and  Others.
     --------------------------------------------

There have been no transactions or series of transactions since the beginning of
the  Registrant's  last  fiscal  year,  nor  are  there  any  currently proposed
transactions  or  series  of similar transactions to which the Registrant or any
Director  or  Executive  Officer  of  the Registrant, any security holder who is
known  to  the  Registrant  to own of record or beneficially more than 5% of any
class  of  the  registrant's  voting  securities, or any member of the immediate
family  of  any  of  the  foregoing persons involving any amount.  (There are no
nominees  for  election  as  Director  of  the  Registrant).

(b)  Certain  Business  Relationships.
     ---------------------------------

There  have  been no relationships during the last fiscal year of the Registrant
between  the  Registrant, or affiliates as described in Item 404(b) (1-6) of the
Regulation  S-K.

(c)  Indebtedness  of  Management.
     -----------------------------

No  Director  or  Executive  Officer  of  the  Registrant, nor any member of the
immediate  family  of  any such, nor any corporation, nor any trust or estate or
any  other  entity  is  indebted  in  any  amount  to  the  Registrant.

(d)  Transactions  with  Promoters.
     ------------------------------

Not  applicable.

                                     PART IV

ITEM  14  -  EXHIBITS,  FINANCIAL  STATEMENT  SCHEDULES,  AND  REPORTS  ON
 FORM  8-K

(a)     Financial  Statements.
---     ----------------------

Included  in  Part  II  of  the  report.

(b)  Exhibits
--------

     No  additional  exhibits  are  filed  as  a  part  of  this  report.

(c)  Reports  on  Form  8-K
----------------------

     No reports on Form 8-K were filed by the Registrant during the last quarter
of  1996.





<PAGE>
                             QUAD METALS CORPORATION
                             FORM 10-K ANNUAL REPORT
                                DECEMBER 31, 1996

                                   SIGNATURES



Pursuant to the requirements of Section 13 of the Securities and 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
                             -----------------------
                                  (Registrant)


/S/ Robert W. O'Brien                             August  27,  2001
-----------------------                           -----------------
Robert  W.  O'Brien                                     Date
President  and  Director




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


/S/ Robert W. O'Brien                             August  27,  2001
-----------------------                           -----------------
Robert  W.  O'Brien                                     Date
President  and  Director