**UNITED
        STATES**
 **SECURITIES
        AND EXCHANGE COMMISSION**
 **Washington,
        D.C. 20549**
  **AMENDMENT
          NO. 1 FORM 10-KSB**
  (Mark
        One)
 **x**
                **ANNUAL
                    REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                    OF
                    1934**
  **For
          the fiscal year ended November 30, 2006**
  **o**
                **TRANSITION
                    REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                    OF
                    1934**
  **For
        the transition period from ___________ to ___________**
  **Commission
        file number 333-127329**
  **French
        Peak Resources, Inc.**
 (Exact
        name of registrant as specified in its charter)
  **Delaware**(State
                  or other jurisdiction of incorporation or organization)
              (I.R.S.
                  Employer Identification No.)**300
                  Park Avenue, Suite 1700, New York, NY**
              **10022**(Address
                  of principal executive offices)
              (Zip
                  Code)
 
 Registrant’s
                  telephone number, including area code:
              **(212)
                  572-6395**
  Securities
                  registered under Section 12(b) of the Exchange Act:Title
                  of each class
              Name
                  of each exchange on which registered**None**
              **None**Securities
                  registered under Section 12(g) of the Exchange Act:**Common
                  Stock, par value $.001**(Title
                  of class)
  Check
        whether the issuer (1) filed all reports required to be filed by Section
        13 or
        15(d) of the Exchange Act during the past 12 months (or for such shorter
        period
        that the registrant was required to file such reports), and (2) has been
        subject
        to such filing requirements for the past 90 days. Yes x No o
  Check
        if
        there is no disclosure of delinquent filers in response to Item 405 of
        Regulation S-B 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. o
  Indicate
        by check mark whether the registrant is a shell company (as defined in Rule
        12b-2 of the Exchange Act). Yes x No o
 
 State
        issuer’s revenues for its most recent fiscal year. $0
  Aggregate
          market value of the Common Stock held by non-affiliates of the Company
          as of
          February 26, 2007: $0.
  Number
        of
        shares of the registrant’s common stock outstanding as of February 26,
        2007: 15,500,000 shares of Common Stock.
    
  **TABLE
        OF CONTENTS**
 
 
 **Part
                  I**Item
                  1.
              Description
                  of Business.Item
                  2.
              Description
                  of Property.Item
                  3.
              Legal
                  Proceedings.Item
                  4.
              Submission
                  of Matters to a Vote of Security Holders.**Part
                  II**Item
                  5.
              Market
                  for Common Equity and Related Stockholder Matters.Item
                  6.
              Management’s
                  Discussion and Analysis or Plan of Operations.Item
                  7.
              Financial
                  Statements.Item
                  8.
              Changes
                  in and Disagreements With Accountants on Accounting and Financial
                  Disclosure.Item
                  8A.
              Controls
                  and Procedures.Item
                  8B.
              Other
                  Information.**Part
                  III**Item
                  9.
              Directors,
                  Executive Officers, Promoters and Control Persons; Compliance with
                  Section
                  16(a) of the Exchange Act.Item
                  10.
              Executive
                  Compensation.Item
                  11.
              Security
                  Ownership of Certain Beneficial Owners and Management and Related
                  Stockholder Matters.Item
                  12.
              Certain
                  Relationships and Related Transactions.Item
                  13.
              Exhibits.Item
                  14.
              Principal
                  Accountant Fees and Services.**Signatures**
 
  
  *Except
          as otherwise
          required by the context, all references in this prospectus to "we", "us”, "our",
“BMSTA”, or "Company" refer to the operations of French Peak Resources, Inc.,
          a
          Delaware corporation, and its wholly owned subsidiaries.*
  **Forward-Looking
        Statements and Associated Risks**
   *The
        Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
        for
        certain forward-looking statements. Some of the statements contained in this
        annual report of the Company discuss future expectations, contain
        projections of our operations or financial condition or state other
        forward-looking information. Some statements contained in this annual report
        on
        Form 10-KSB that are not historical facts (including without limitation
        statements to the effect that we "believe," "expect," "anticipate," "plan,"
        "intend," "foresee," or other similar expressions) and are forward-looking
        statements. These forward-looking statements are based on our current
        expectations and beliefs concerning future developments and their potential
        effects on us. There can be no assurance that future developments affecting
        us
        will be those anticipated by us. All comments concerning our expectations
        for
        future revenue and operating results are based on our forecasts of our plan
        of
        operation and do not include the potential impact of any future acquisitions
        or
        operations. These forward-looking statements involve significant risks and
        uncertainties (some of which are beyond our control) and assumptions. Should
        one
        or more of these risks or uncertainties materialize, or should any of our
        assumptions prove incorrect, actual results may vary in material respects
        from
        those projected in the forward-looking statements.*
  **PART
        I**
 **Item
        1.**    **Description
        of Business.**
  **General**
 
 We
        are a
        Delaware corporation formed on May 5, 2005 to search for available properties
        in
        north central British Columbia. In July 2005, we entered into an agreement
        which
        was negotiated at arms length with David Deering to acquire a 100% interest
        in
        the FRENCH claim. The FRENCH claim is situated approximately 65 kilometers
        northeast of the Smithers, British Columbia. The property can be acquired
        from
        Deering by paying a total of $66,500 in two option payments. The property
        is
        subject to annual advance Royalty payments of $20,000 commencing January
        17,
        2010. After we have earned our 100% interest in the FRENCH claim, the property
        will be subject to a 21⁄2% Net Smelter Return (“NSR”) of which 1 1⁄2% can be
        purchased for $1,000,000 within 12 months of the commencement of commercial
        production. The property is also subject to a 71/2% Gross Rock Royalty which
        will due upon the property reaching commercial production.
  We
        are an
        exploration stage company engaged in the acquisition and exploration of mineral
        properties. We own a 100% interest in a mineral claim that we refer to as
        the
        FRENCH mineral claim. Further exploration of this mineral claim is required
        before a final determination as to their viability can be made. Although
        there
        is evidence of exploratory work on the claim conducted by prior owners, reliable
        records of this work are limited. Our plan of operations is to carry out
        exploration work on this claim in order to ascertain whether it possess
        commercially exploitable quantities of copper. We will not be able to determine
        whether or not our mineral claim contain a commercially exploitable mineral
        deposit, or reserve, until appropriate exploratory work is done and an economic
        evaluation based on that work concludes economic viability. Mr. Waters, our
        president, has not visited our mineral claim.
  Once
        we
        receive the results of our first exploration program, our board of directors
        in
        consultation with our consulting geologist will assess whether to proceed
        with
        further exploration. Our initial program will cost approximately $16,000
        and the
        report of our consulting geologist should be available in December 2007.
        In the
        event that a follow-up exploration program is undertaken, the costs are expected
        to be approximately $85,000 and the geologist’s report should be available by
        fall of 2007. The existence of commercially exploitable mineral deposits
        in the
        FRENCH mineral claim is unknown at the present time and we will not be able
        to
        ascertain such information until we receive and evaluate the results of our
        exploration program. If we are unable to delineate commercial quantities
        of
        copper on the FRENCH claim we may have to cease operations on the FRENCH
        claim.
        We would seek out other properties with mineral potential to carry out
        exploration programs to replace the FRENCH claim.
   
   **Acquisition
        of the FRENCH mineral claim**
  We
        entered into an agreement with David Deering to acquire a 100% interest in
        the
        FRENCH claim. The FRENCH claim is situated approximately 65 kilometers northeast
        of the Smithers, British Columbia. The property can be acquired from Deering
        by
        paying a total of $66,500 in two option payments. A total of $46,500 has
        been
        paid as required by the agreement. The property is subject to annual advance
        Royalty payments of $20,000 commencing January 17, 2010.
  **Property
        Option Payments**
  We
        are
        required to pay Deering two option payments to keep our Agreement in good
        standing. We must pay Deering a total of $66,500 to secure our 100% interest
        in
        the FRENCH claim. The payments are outlined in the table that
        follows:
  **Option
                  Payments****Payment**
              **Amount**
              **Status/Date
                  Due**Initial
              $
                  46,500
              Paid
                  Nov-05-06Final
              $
                  20,000
              Jun-15-07**Total**
              **$
                  66,500**
  After
        we
        have earned our 100% interest in the FRENCH claim, the property will be subject
        to a 21⁄2% Net Smelter Return (“NSR”) of which 1 1⁄2% can be purchased for
        $1,000,000 within 12 months of the commencement of commercial production.
  In
        order
        to minimize cost and any inconvenience, we have not registered the FRENCH
        mineral claim in our name with the B.C. Mineral Titles Branch but have
        registered the claim in the name of our President, Robert Waters, who holds
        the
        FRENCH claim in trust. We intend to register the claim in our name following
        the
        completion of our second exploration program. George Nicholson our geologist
        is
        responsible for filing geological assessment reports with the B.C. Mineral
        Titles Branch in respect of our exploration expenditures.
  We
        selected these properties based upon the advice of Mr. Nicholson. In his
        report dated August 31, 2005, our consultant recommended that we launch an
        initial exploration program on our claim which will cost us approximately
        $16,000. As our consulting geologist, Mr. Nicholson, has performed the
        research on public exploration documents. Mr. Nicholson has not conducted
        the prospecting, mapping, and sampling or rock and soil sample assays which
        are
        required to complete the first phase of the exploration program. We expect
        that
        this work will be completed in the fall of 2006.
  George
        Nicholson is an independent geological consultant offering professional
        geological, exploration, and consulting services. He has been in business
        for 19
        years. As such, he has been engaged to provide these services for various
        clients located in North America. George Nicholson is a graduate of the
        University of British Columbia with Bachelor of Science degree in geology.
        He is
        a member of the Association of Professional Engineers and Geoscientists of
        British Columbia. He is capable of developing mineral projects, initiating
        exploration programs from the “grass roots” level and carrying these projects
        through all phases of exploration to the mining feasibility stage. George
        Nicholson is also a free miner in British Columbia. He is qualified to write
        and
        submit reports to the British Columbia Ministry of Energy and Mines for
        assessment work purposes.
  Upon
        the
        completion of the initial exploration phase, we intend to request that our
        consulting geologist review the results of the exploration program and report
        back to us with his recommendations, if any, with regard to further exploration
        programs. To date, we completed the research of public exploration documents
        in
        the preparation of the geological report.
   
  
 The
        eventual goal is to explore the FRENCH claim property with the intent of
        putting
        the property into commercial production should both a feasibility report
        recommending commercial production be obtained and a decision to commence
        commercial production be made. The feasibility report refers to a detailed
        written report of the results of a comprehensive study on the economic
        feasibility of placing the property or a portion of the property into commercial
        production. It is possible that results may be positive from the exploration
        program, but not sufficiently positive to warrant proceeding at a particular
        point in time. World prices for minerals may dictate a delay in proceeding.
        Due
        to the fluctuation in the prices for minerals, it is also possible that mineral
        exploration ventures may not be profitable resulting in our inability to
        attract
        funding from investors to finance further exploration.
   **Description
        and Location of the FRENCH mineral claim**
  The
        FRENCH mineral claim is a mineral claim located within the Omineca Mining
        Division of British Columbia.
  **Name**
              **Record
                  Number**
              **Units**
              **Anniversary
                  Date**FRENCH
                  1
              503975
              183.83
              January
                  17, 2007
   The
        FRENCH group total area is 183.83 hectares. For assessment purposes in British
        Columbia, assessment work of $4.00 per hectare per year is applicable for
        years
        1 through 3, increasing thereafter to $8.00 per hectare. In addition, filing
        fees of $0.40 per hectare are due in years 1-3 rising to $0.80 thereafter.
        It is
        our intention to continue exploration work and expend the necessary amounts
        to
        maintain our claim in good standing.
  **Annual
        Assessment Work and Filing Fees**
  The
        FRENCH claim will require that the annual minimum amount of exploration work
        that must be expended and filed along with an engineering report describing
        the
        work. The report and the description of the work must be accepted by the
        BC
        Government. The following table computes the actual minimal amount of acceptable
        work expenditures to be incurred. Any work carried out in a year that exceeds
        the minimal annual requirement, that excess dollar amount can be carried
        forward
        to future years.
  **Annual
                  Assessment Work and Filing Fees****Date**
              **Assessment
                  per ha**
              **Filing
                  Fee per ha**
              **Total
                  Cdn$**
              **Acc
                  Total**17-Jan-07
              $4.00
              $0.40
              $809
              $80917-Jan-08
              $4.00
              $0.40
              $809
              $1,61817-Jan-09
              $4.00
              $0.40
              $809
              $2,42717-Jan-10
              $8.00
              $0.80
              $1618
              $4044
  It
        is our
        intention to apply all funds expended on our FRENCH mineral claim as assessment
        work on the claim. In the event that all $16,000 of our first stage exploration
        program funds are expended prior to January 17, 2007 that amount of expenditure
        will hold the claim in good standing for approximately ten years.
  The
        Province of British Columbia owns the land covered by the mineral claim.
        Currently, we are not aware of any native land claim that might affect our
        title
        to the mineral claim or to British Columbia’s title of the property.
  
  Although
        we are unaware of any situation that would threaten our claim, it is possible
        that a native land claim could be made in the future. The federal and provincial
        government policy at this time is to consult with all potentially affected
        native bands and other stakeholders in the area of any potential commercial
        production. If we should encounter a situation where a native person or group
        claims an interest in our claim, we may choose to provide compensation to
        the
        affected party in order to continue with our exploration work, or if such
        an
        option is not available, we may have to relinquish our interest in this
        claim.
  Prior
        to
        the expiration dates listed above, we plan to file for an extension of our
        mineral claim. In order to extend the expiration dates of a mineral claim,
        the
        government requires either (1) completion of exploration work on the mineral
        claim valued at an amount stipulated by the government and the payment of
        a
        filing fee; or (2) payment to the Province of British Columbia in lieu of
        completing exploration work to maintain the mineral claim. A maximum of ten
        years of work credit may be filed on a claim. If the required exploration
        work
        expenditure is not completed and filed with the Province in any year or if
        a
        payment is not made to the Province of British Columbia in lieu of the required
        work within this year, the mineral claim will lapse and title with revert
        to the
        Province of British Columbia.
  **Geological
        Exploration Program in General**
  Mining
        Business in British Columbia
  The
        mining industry in the 1990s was plagued by an anti-mining government, First
        Nations land claims and low commodity prices. In a 2002 report prepared by
        the
        Fraser Institute, a Canadian think tank, British Columbia was ranked a lowly
        44 th out of
        64 world-wide mining districts. Soon after the new British Columbia provincial
        government was voted in 2001, it established a task force with a mandate
        to
        review the negative issues and to recommend policies to improve the mineral
        exploration investment back to the province. The government enacted incentives
        to change the tax regime, for the streamlining of regulatory and approval
        processes, for the extension of private investor tax breaks and to develop
        land
        management plans that provide security for the land base. The British Columbia
        government released “The B.C. Mining Plan” in January 2005 helping to focus
        British Columbia’s resources to ensure that the province remains globally
        competitive in the mineral extraction sector.
  British
        Columbia has eight operating mines, of which six produce copper. The exploration
        expenditures bottomed out at $25.0 million Cdn in 2001 and were over $100.0
        million Cdn in 2004, according to the B.C **.** Mine
        Plan.
  The
        B.C **.** Mine
        Plan
        outlines the following:
  **•**
              B.C.
                  Mineral potential is good**•**
              B.C.
                  Has untapped reserves of metals**•**
              Competitive
                  taxes**•**
              Streamlined
                  regulatory requirements**•**
              Electricity
                  rates are among the lowest in North America**•**
              Highly
                  skilled work force**•**
              Well
                  developed infrastructure
  The
        plan
        addresses a range of factors that set the stage for a healthy mining industry
        that delivers community benefits and is sustainable for years to
        come.
  The
        Canadian Federal Government and the Provinces offer very attractive tax breaks
        for investors in exploration companies. The Federal and Provincial Tax Credits
        are a tax advantage investment that is made into a company carrying out
        grassroots exploration work in Canada. The mining company enters into an
        agreement with an investor and “flow-through mining expenditure” is incurred by
        the company and the individual can claim over 100% of that investment off
        earned
        income. The B.C **.** Government will grant in addition to the Federal 15% tax credit a further
        20%
        non-refundable tax credit for qualified investments made in new B.C. mineral
        exploration. Hence, an investor who is taxed at the highest marginal rate
        would
        receive a 141% tax deduction from earned income. The company must be publicly
        trading in order to deal with this tax advantage investment.
   
  North
        Central British Columbia
  The
        area
        covered by the FRENCH claim is underlain by Jurassic to Lower Cretaceous
        Bowser
        lake Group sediments which have been intruded by Late Cretaceous Bulkley
        Intrusions.
  The
        sediments are comprised of siltstone to conglomerate with minor interbedded
        volcaniclastic rocks. The intrusive rocks can be divided into 3 units. An
        early
        quartz monzonite was intruded by a feldspar porphyry which was in turn intruded
        by a Biotite Feldspar porphyry.
  Post
        mineralization dykes with magnetite intrude earlier rocks. Major north-south,
        and east-west fault/lineaments transect the area.
  FRENCH
        Claim
 
 We
        have
        selected the FRENCH claim because of promising geology and the geochemical
        signature. The FRENCH claim is situated approximately 65 km northeast of
        Smithers, British Columbia; in the Suskwa River drainage. The French Peak
        claim
        is located in the Omineca Mining Division on N.T.S. Map sheet 93M/7W.
  At
        present, the claims are accessed by helicopter from Smithers. A major logging
        road up the Suskwa River comes within 15 km of the property. A bulldozer
        track
        following the Suskwa River runs 2 km south of the property.
  **Climatic
        Conditions**
  The
        FRENCH claim covers an alpine plateau and treed creek valleys at an average
        of
        1500 metres. French Peak is a conical feature 3 km east of the property.
        The
        property area is mostly overburden covered. Alpine vegetation occurs above
        1800
        meters while mature spruce, hemlock and cedar forests occur at lower elevations.
        Given the location in north central BC, winters are cold with average
        temperatures of -20°C to -30°C and 3-5 metres of snow. Snowfall lasts from
        mid-October to mid-June. Summers are dry and cool with temperatures averaging
        only 15°C.
  The
        property is 65 km northeast from Smithers, a major infrastructure hub for
        the
        region. All services are available here: airports, roads, rail, hospitals,
        police, groceries and supplies, heavy equipment and qualified equipment
        contractors.
  **Geology
        of the FRENCH Mineral Claim**
  The
        FRENCH claim is underlain by Jurassic to Lower Cretaceous Bowser lake Group
        sediments which have been intruded by Late Cretaceous Bulkley Intrusions.
        The
        sediments are comprised of siltstone to conglomerate with minor interbedded
        volcaniclastic rocks. The intrusive rocks can be divided into 3 units. An
        early
        quartz monzonite was intruded by a feldspar porphyry which was in turn intruded
        by a Biotite Feldspar porphyry. Post mineralization dykes with magnetite
        intrude
        earlier rocks. Major north-south and east-west fault/lineaments transect
        the
        area. The sediments have been hornfelsed by the Bulkley Intrusions. Within
        the
        intrusive rocks, especially along the western contact with the hornfelsed
        sediments, moderate to locally intense kaolinization and weak to moderate
        silicification occur. An extensive pyrite halo, 2 km wide in an east-west
        direction by 1.5 km in a north-south direction, can be traced on the
        property.
  Sulphide
        mineralization increases with increasing alteration intensity. Sulphides
        are
        predominately pyrite (2 to 5%, locally 20%), with lesser chalcopyrite, galena,
        sphalerite, tetrahedrite and arsenopyrite.
  Pyrite
        occurs disseminated within the sediments and intrusive rocks and within later
        quartz ( calcite stringers. The remaining sulphides are found primarily in
        late
        stage Quartz stringers. Massive pyrite ( arsenopyrite veins (1 to 10 cm wide),
        occur locally.
  Results
        from rock chip sampling of bulldozer trenches ranged from trace mineralization
        to 33.5 metres of 0.22% Cu, 1.1 oz/ton Ag. Drilling results form 6 holes
        averaged around 0.1% Cu with 0.02% molybdenite. The best drill intersection
        was
        27.5 metres with 0,22% Cu, 0.011% Mo. Only one gold assay is reported from
        the
        trenching and drilling programs. Later chip sampling of the trenches returned
        results as high as 0.21 ppm Au. A grab sample of sulphide rich float assayed
        7.05 ppm gold and 700.8 ppm silver.
  
 Sufficient
        exploration has not been conducted to determine if this deposit contains
        mineralization in sufficient concentration or quantity to be economically
        mineable.
  
   **Exploration
        Potential**
  Our
        consulting geologist concluded that the FRENCH mineral claim exhibits an
        environment favorable to the discovery of economic deposits of copper where
        broad zones of intense alteration and metallic mineralization has been explored
        by surface geology and soil geochemical studies. Our geological consultant
        further concludes that mineralization on the French Peak property is now
        being
        viewed primarily as copper-gold-silver in a porphyry stock work setting.
        Late
        stage cross-cutting quartz-calcite-sulphide veins within an intrusive
        quartz-feldspar porphyry and the adjacent volcanic and sedimentary rocks
        are
        demonstrative of epigenetic activity.
   The
        last
        serious exploration efforts were over 30 years ago that delineated a large
        area
        of lower grade copper, molybdenum and zinc ore body. Higher grade sections
        are
        not entirely understood. With increased metal prices, a greater knowledge
        of
        depositional models, and advances in geochemical and geophysical techniques,
        a
        concerted exploration program needs to be undertaken on the French Peak claim
        to
        fully assess its potential.
 
 **Recommendations**
  Our
        geological consultant recommends an exploration program on the FRENCH mineral
        claim to test for the presence of large body type mineral deposits. The initial
        stage of this program will be to complete research of public records to assist
        in determining the outcomes of exploration programs conducted by others in
        past
        years. Previous work on the property has discovered porphyry type mineralization
        with 0.1 to 0.22% copper and associated molybdenum and zinc values over
        significant widths by following up geochemical and geophysical surveys with
        trenching and diamond drilling. With recent price increases for the metals
        found
        on the property, the grades of mineralization are interesting and many anomalies
        remain untested. The limited analysis for gold and silver suggest that these
        elements may occur with the copper mineralization in economically significant
        concentrations. The property should be re-evaluated as a potential
        copper-gold-silver deposit.
  Work
        to
        date shows that the mineralization is responsive to geophysical techniques
        and
        to soil geochemistry. Exploration on the property should include re-evaluating
        any old geochemical data available, testing the correlation between gold
        geochemistry and copper-lead-zinc geochemistry, and then doing any further
        soil
        sampling required to cover the potential mineralized zone. A new Induced
        Polarization (IP) survey should be conducted over the entire claim.
  The
        on-site drill core from the 1971 drilling is reported to be in very poor
        condition. Some drill core could be assayed for gold content.
  This
        work
        should be followed up by trenching of prospective areas not previously trenched.
        Trenching may not always possible due to the depth of the overburden. Assay
        results from trench sampling may not provide good results due to strong
        weathering, but the strength of mineralization should be apparent.
  A
        diamond
        drill program should then be undertaken to test the best mineralized/altered
        areas previously uncovered and any new zones outlined.
  Due
        to
        the elevation of the property, field work should not start until July. The
        geochemical and geophysical work could be done in July followed by backhoe
        trenching in August. A limited diamond drill program testing the gold potential
        could then be conducted in late August or September. Further diamond drilling
        would be contingent on encouraging results from the initial
        drilling.
  Our
        consultant further recommended a program of prospecting, mapping, and sampling.
        In addition, prior to diamond drilling of defined targets, additional geological
        or geochemical surveys may be necessary, provided we receive successful results
        from these surveys.
  The
        property will be explored by a series of work phases and each following phase
        is
        dependent on the success of the prior phase. To date we have engaged George
        Nicholson P.Geo. to assess and write a report on the FRENCH claim outlining
        what
        has been done to date and his recommended work program.
  The
        FRENCH claim will develop on a planned three-phase exploration
        program.
   
  Phase
        1
 
 The
        first
        phase will be carried out in the summer of 2006 and the results and the
        engineering report is expected to be ready in the late fall. Mr. George
        Nicholson recommends that a geologist carry out an on-site review and examine
        in
        detail the mineralization and alterations developed along the gossans. The
        previous work carried out is outlined in George Nicholson’s engineering
        report.
  The
        $16,000 budget for the first phase of exploration is as outlined in the table
        below:
  All
        US
        $
 
 **Phase
        1**
 
 Grid
                  Establishment
              
              $5,000.00Soil
                  Geochemistry
              200
                  samples @ $20/sample
              4,000.00Helicopter
              2
                  hours @ $1000/hr
              2,000.00Camp,
                  Supplies
              
              500.00Mob/Demob
              
              1,000.00Report
              
              1,000.00Contingency
              
              2,000.00**TOTAL**
              
              $16,000.00
 
 If
        the
        initial site inspection is favorable, we would carry out the geophysical
        phase
        of the program as outlined in the second phase described below.
  Phase
        II
  Once
        the
        site observations and assays are received and the information plotted and
        analyzed, a ground geophysics program will be designed. The program would
        commence in the summer of 2007 depending on weather and the availability
        of an
        appropriate contractor. The $85,000 preliminary geophysical program is outlined
        in the table below:
 
 All
        US
 **Phase
        II**
 
 I.P.
                  Geophysics
              30
                  line km @ $2000/km
              $60,000.00Helicopter
              6
                  hours @ $1000/hr
              6,000.00Camp,
                  Supplies
              
              3,000.00Mob/Demob
              
              4,000.00Report
              
              4,000.00Contingency
              
              8,000.00**TOTAL**
              
              $85,000.00
 
 If
        the
        geophysical results are encouraging then a diamond drilling program would
        be
        prepared.
  Phase
        III
  Based
        on
        the satisfactory results in the Phase II, a number of steps would be taken.
        Additional geophysical work would be carried out to help select drill targets.
        The drilling program could be enlarged and step-out holes to follow structures
        and to determine the potential size of the mineralization. This work would
        be
        carried out in the fall of 2007. If the results are very encouraging then
        steps
        could be taken to secure additional mineral claim in the area either by staking
        if it is available or by joint venture if it is owned. The budget for this
        phase
        will depend on the scope of work that will be in the program.
   
   Based
        on
        acceptable results from the above site exploration program and a preliminary
        market analysis, a diamond drilling program would be developed. A diamond
        drill
        has a carbide steel head imbedded with diamonds. The diamond drilling activity
        produces a small diameter (1 1/2 to 3 inches) solid rock core.
  Compliance
        with Government Regulation
  We
        will
        be required to comply with all regulations, rules and directives of governmental
        authorities and agencies applicable to the exploration of minerals in the
        Province of British Columbia. In addition, if we progress to the production
        phase, production of minerals in the Province of British Columbia will require
        prior approval of applicable governmental regulatory agencies. We cannot
        be
        certain that such approvals will be obtained. The cost and delay involved
        in
        attempting to obtain such approvals cannot be known in advance.
  The
        main
        agency that governs the exploration of minerals in the Province of British
        Columbia, Canada, is the Ministry of Energy and Mines.
  The
        Ministry of Energy and Mines manages the development of British Columbia’s
        mineral resources, and implements policies and programs respecting their
        development while protecting the environment. In addition, the Ministry
        regulates and inspects the exploration and mineral production industries
        in
        British Columbia to protect workers, the public and the
        environment.
  The
        material legislation applicable to French Peak is the Mineral Tenure Act,
        administered by the Mineral Titles Branch of the Ministry of Energy and Mines.
        The initial phase of our exploration program will consist of hand trenching,
        sampling, mapping, and possibly a segment of an electronic based geological
        exploration technique referred to as Induced Polarization. The practice in
        British Columbia under this act has been to request permission for such a
        program in a letter to the British Columbia Ministry of Energy and Mines.
        Permission is usually granted within one week. Should a follow-up exploration
        program be undertaken, it would probably be intended to refine information
        garnered in the first phase employing the same methods of
        exploration.
  In
        addition, the B.C. Ministry of Energy and Mines administers the Mines Act,
        the
        Health, Safety and Reclamation Code and the Mineral Exploration Code. Ongoing
        exploration programs likely will be expanded to include activities such as
        line
        cutting, machine trenching and drilling. In such circumstance, a reclamation
        deposit is usually required in the amount of $3,000 to $5,000. The process
        of
        requesting permission and posting the deposit usually takes about 2 weeks.
        The
        deposit is refundable upon a Ministry of Energy and Mines inspector’s
        determination that the exploration program has resulted in no appreciable
        disturbance to the environment.
  The
        Mineral Tenure Act and its regulations govern the procedures involved in
        the
        location, recording and maintenance of mineral and placer titles in British
        Columbia. The Mineral Tenure Act also governs the issuance of mining leases,
        which are long term entitlements to minerals, designed as production tenures.
        At
        this phase in the process, a baseline environmental study would have to be
        produced. Such a study could take many months and cost in excess of
        $100,000.
  All
        mineral exploration activities carried out on a mineral claim or mining lease
        in
        British Columbia must be in compliance with the Mines Act. The Mines Act
        applies
        to all mines during exploration, development, construction, production, closure,
        reclamation and abandonment. Additionally, the provisions of the Health,
        Safety
        and Reclamation Code for mines in British Columbia contain standards for
        employment, occupational health and safety, accident investigation, work
        place
        conditions, protective equipment, training programs, and site supervision.
        Also,
        the Mineral Exploration Code contains standards for exploration activities
        including construction and maintenance, site preparation, drilling, trenching
        and work in and about a water body.
  Additional
        approvals and authorizations may be required from other government agencies,
        depending upon the nature and scope of the proposed exploration program.
        If the
        exploration activities require the falling of timber, then either a free
        use
        permit or a license to cut must be issued by the Ministry of Forests. Items
        such
        as waste approvals may be required from the Ministry of Environment, Lands
        and
        Parks if the proposed exploration activities are significantly large enough
        to
        warrant them.
  We
        will
        also have to sustain the cost of reclamation and environmental remediation
        for
        all exploration work undertaken. Both reclamation and environmental remediation
        refer to putting disturbed ground back as close to its original state as
        possible. Other potential pollution or damage must be cleaned-up and renewed
        along standard guidelines outlined in the usual permits.
  
  Reclamation
        is the process of bringing the land back to its natural state after completion
        of exploration activities. Environmental remediation refers to the physical
        activity of taking steps to remediate, or remedy any environmental damage
        caused
        such as refilling trenches after sampling or cleaning up fuel spills. Our
        initial exploration program does not require any reclamation or remediation
        because of minimal disturbance to the ground. The amount of these costs is
        not
        known at this time because we do not know the extent of the exploration program
        we will undertake, beyond completion of the recommended exploration phase
        described above, or if we will enter into production on the property. Because
        there is presently no information on the size, tenor, or quality of any resource
        or reserve at this time, it is impossible to assess the impact of any capital
        expenditures on our earnings or competitive position in the event a commercially
        viable deposit is discovered.
  **Item
        2.**    **Description
        of Property.**
  We
        currently use approximately 200 square feet of leased office space at 300
        Park
        Avenue Suite 1700 New York, New York 10022. We lease such space from Robert
        Waters, our sole officer and principal shareholder, for $200 per month which
        covers the use of the telephone, office equipment and furniture.
  Mineral
        Property Agreement
  On
        July
        15, 2005, we entered into an agreement with David Deering to acquire a 100%
        interest in the FRENCH claim. French Peak’s FRENCH mineral claim is situated
        approximately 65 km northeast of the Town of Smithers in the Province of
        British
        Columbia. The property can be acquired from Mr. Deering by paying him
        option payments totaling $66,500. After we have earned our 100% interest
        in the
        FRENCH claim, the property will be subject to a 21⁄2% Net Smelter Return (“NSR”)
        of which 1 1/2% can be purchased for $1,000,000.
  Property
        Option Payments
  We
        are
        required to pay Mr. Deering two Option Payments to keep our Agreement in
        good standing. The payments are outlined in the table that follows:
  **Option
                  Payments****Payment**
              **Amount**
              **Status/Date
                  Due**Initial
              $
                  46,500
              Paid
                  Nov-05Final
              $
                  20,000
              June
                  15-07**Total**
              **$
                  66,500**
 Net
        Smelter Royalty
  Net
        Smelter Returns means the Gross Value of all Minerals, less the following
        costs,
        charges and expenses actually paid by the Grantee with respect to the treatment
        of such Minerals:
   1.
              Charges
                  for treatment in the smelting and refining processes (including
                  handling,
                  processing, interest and provisional settlement fees, sampling,
                  assaying
                  and representation costs; penalties and other processor deductions);
  2.
              Actual
                  costs of transportation (including freight, insurance, security,
                  transaction taxes, handling, port, demurrage, delay and forwarding
                  expenses incurred by reason of or in the course of such transportation)
                  of
                  Minerals concentrates or dore metal from the Property to the place
                  of
                  treatment, including any costs incurred by Grantee for transportation
                  of
                  such Minerals concentrates and dore metal from the Property to
                  the place
                  of sale;
  3.
              Actual
                  sales and brokerage costs on Minerals for which the Net Smelter
                  Returns
                  royalty is  payable; and
   
  4.
              Sales
                  and use taxes applicable under local, Province and federal law
                  assessed on
                  the sale of the Minerals on which the Net Smelter Returns Royalty
                  is
                  payable (other than taxes based upon income).
  Location
        and Land Status
  The
        FRENCH mineral claim consists of a mineral claim within the Omineca Mining
        Division of British Columbia.
  **Name**
              **Record
                  Number**
              **Units**
              **Anniversary
                  Date**FRENCH
                  1
              510119
              183.83
              January
                  17, 2007
  The
        FRENCH group total area is 183.83 hectares.
 The
        claim
        is presently in good standing until January 17, 2007.
  The
        claim
        has not been legally surveyed.
  **Item
        3.**  **Legal
        Proceedings.**
  To
        the
        best of our knowledge, there are no known or pending litigation proceedings
        against us.
  **Item
        4.**  **** **Submission
        of Matters to a Vote of Security Holders.**
 
 No
        matter
        was submitted during the quarter ending November 30, 2006, covered by this
        report to a vote of the Company’s shareholders, through the solicitation of
        proxies or otherwise.
  **PART
        II**
  
 **Item
        5.** **Market
        for Common Equity and Related Stockholder Matters.**
  **Market
        Information**
 
 There
        is
        presently no public market for our common stock. We are applying for trading
        of
        our common stock on the Over the Counter Bulletin Board. However, we can
        provide
        no assurance that our shares will be traded on the Bulletin Board or, if
        traded,
        that a public market will materialize.
 
 As
        of
        February 26, 2007, we have 41 shareholders of record of our common stock.
 
 Dividends
 
 Since
        inception we have not paid any dividends on our common stock. We currently
        do
        not anticipate paying any cash dividends in the foreseeable future on our
        common
        stock, when issued pursuant to this offering. Although we intend to retain
        our
        earnings, if any, to finance the exploration and growth of our business,
        our
        Board of Directors will have the discretion to declare and pay dividends
        in the
        future.
  Payment
        of dividends in the future will depend upon our earnings, capital requirements,
        and other factors, which our Board of Directors may deem
        relevant.
  
  
 **Holders**
 
 As
        of
        February 26, 2007 in accordance with our transfer agent records, we had 41
        recordholders of our Common Stock, holding 15,500,000 shares.
 
 **Dividends**
 
 Holders
        of our common stock are entitled to receive dividends if, as and when declared
        by the Board of Directors out of funds legally available therefore. We have
        never declared or paid any dividends on our common stock. We intend to retain
        any future earnings for use in the operation and expansion of our business.
        Consequently, we do not anticipate paying any cash dividends on our common
        stock
        to our stockholders for the foreseeable future.
 
 **Recent
        Sales of Unregistered Securities**
  French
        Peak Inc was incorporated in the State of Delaware on May 5, 2005 and 12,000,000
        shares were issued to Robert Waters for founders shares. These shares were
        issued in reliance on the exemption under Section 4(2) of the Securities
        Act of
        1933, as amended (the “Act”).
  These
        shares of our common stock qualified for exemption under Section 4(2) of
        the
        Securities Act of 1933 since the issuance shares by us did not involve a
        public
        offering. The offering was not a “public offering” as defined in Section4(2) due
        to the insubstantial number of persons involved in the deal, size of the
        offering, manner of the offering and number of shares offered. We did not
        undertake an offering in which we sold a high number of shares to a high
        number
        of investors. In addition, Mr. Waters had the necessary investment intent
        as required by Section 4(2) since he agreed to and received share certificates
        bearing a legend stating that such shares are restricted pursuant to Rule
        144 of
        the 1933 Securities Act. This restriction ensures that these shares would
        not be
        immediately redistributed into the market and therefore not be part of a
“public
        offering.” Based on an analysis of the above factors, we have met the
        requirements to qualify for exemption under Section 4(2) of the Securities
        Act
        of 1933 for these transactions.
  In
        October 2005, we completed a Regulation D, Rule 506 Offering in which we
        issued
        a total of 3,500,000 shares of our common stock to a total of 40 investors,
        at a
        price per share of $.02 for an aggregate offering price of $70,000. Each
        investor received a copy of our private placement memorandum and completed
        a
        questionnaire to confirm that they were either “accredited” or “sophisticated”
investors.
  The
        following sets forth the identity of the class of persons to whom we sold
        these
        shares and the amount of shares for each shareholder:
  Dorothy
                    Mercer
                50,000Andrew
                    H. Mercer
                50,000Robert
                    Wellman
                50,000Heather
                    Campbell
                50,000Bryan
                    Minyard
                50,000Robert
                    Paul Bazaluk
                50,000Bill
                    Bazaluk
                50,000Rob
                    Thompson
                50,000Rod
                    F. Rawson
                50,000Roberta
                    Phillips
                50,000R.William
                    Bell
                50,000Gloria
                    Bender
                50,000Teresa
                    Valiquette
                50,000Hisashi
                    Doi
                50,000Emre
                    K. Akyurek
                50,000Lauren
                    Akyurek
                50,000Terri
                    Doi
                200,000Keith
                    Gordon Westover
                150,000
   
  Scott
                    Henderson
                200,000Ayla
                    Akyurek
                50,000Neil
                    Taylor
                50,000Mark
                    Scott
                50,000Vernon
                    Kaiman
                50,000Kyle
                    German
                50,000Michael
                    Carlaw
                50,000David
                    Parfitt
                150,000James
                    Bunney
                150,000Arleen
                    Bunney
                150,000Nick
                    Segers
                100,000John
                    R. Miller
                100,000Antonio
                    Uccheddu
                75,000Frank
                    Barr
                75,000Norman
                    Reddy
                75,000George
                    Keeley
                125,000Nancy
                    Talbot
                125,000Angelina
                    Bresolin
                125,000Bethany
                    Calhoun
                125,000Peter
                    Stecher
                125,000Tracey
                    Stecher
                175,000Karly
                    Grant
                175,000
  The
        Common Stock issued in our Regulation D, Rule 506 Offering was issued in
        a
        transaction not involving a public offering in reliance upon an exemption
        from
        registration provided by Rule 506 of Regulation D of the Securities Act of
        1933.
        In accordance with Section 230.506 (b)(1) of the Securities Act of 1933,
        these
        shares qualified for exemption under the Rule 506 exemption for this offerings
        since it met the following requirements set forth in Reg.
        ss.230.506:
  (A)
        No
        general solicitation or advertising was conducted by us in connection with
        the
        offering of any of the Shares.
  (B)
        At
        the time of the offering we were not: (1) subject to the reporting requirements
        of Section 13 or 15 (d) of the Exchange Act; or (2) an “investment company”
within the meaning of the federal securities laws.
  (C)
        Neither we, nor any of our predecessors, nor any of our directors, nor any
        beneficial owner of 10% or more of any class of our equity securities, nor
        any
        promoter currently connected with us in any capacity has been convicted within
        the past ten years of any felony in connection with the purchase or sale
        of any
        security.
  (D)
        The
        offers and sales of securities by us pursuant to the offerings were not attempts
        to evade any registration or resale requirements of the securities laws of
        the
        United States or any of its states.
  (E)
        None
        of the investors are affiliated with any of our directors, officers or promoters
        or any beneficial owner of 10% or more of our securities.
  Please
        note that pursuant to Rule 506, all shares purchased in the Regulation D
        Rule
        506 offering completed in October 2005 were restricted in accordance with
        Rule
        144 of the Securities Act of 1933.
 
 **Item
        6.**    **Management’s
        Discussion and Analysis or Plan of Operations.**
 
 *The
        following discussion contains forward-looking statements within the meaning
        of
        Section 27A of the Securities Act of 1933 and Section 21E of the Securities
        Exchange Act of 1934 relating to future events or our future performance.
        Actual
        results may materially differ from those projected in the forward-looking
        statements as a result of certain risks and uncertainties set forth in this
        prospectus. Although management believes that the assumptions made and
        expectations reflected in the forward-looking statements are reasonable,
        there
        is no assurance that the underlying assumptions will, in fact, prove to be
        correct or that actual results will not be different from expectations expressed
        in this report.*
   
   **Plan
        of Operations**
 
 We
        were
        organized as a Delaware Corporation on May 5, 2005 for the purpose of locating
        and developing copper exploration properties in British Columbia. Du ring
        the
        next twelve months, we expect to take the following steps in connection with
        the
        further development of our business and the implementation of our plan of
        operations:
 
 Pursuant
        to our business plan we searched for available copper mineral exploration
        properties in North Central British Columbia. In July 2005, we entered into
        an
        option agreement with David Deering to acquire a 100% interest in the FRENCH
        claim. Our mineral claim is located 65 km northeast of Smithers in the Province
        of British Columbia. The property can be acquired from Deering by paying
        him
        option payments totalling $66,500. After we have earned our 100% interest
        in the
        FRENCH claim, the property will be subject to a 21⁄2% Net Smelter Return (“NSR”)
        of which 1 1/2% can be purchased for $1,000,000. However, if we are unable
        to
        delineate commercial quantities of copper on the FRENCH claim we may have
        to
        cease operations on the FRENCH claim. We would seek out other properties
        with
        mineral potential to carry out exploration programs to replace the FRENCH
        claim.
  Our
        ability to execute our growth strategy depends in part on our ability to
        identify and acquire desirable acquisition candidates consisting of suitable
        exploration properties. Initially we will seek exploration properties held
        by
        individuals or small private corporations. We need to diversify our property
        holdings to improve the likelihood that we secure a property that can be
        developed into a mine. There can be no assurance that we will finalize and
        close
        any transactions or be able to identify suitable acquisition candidates or,
        to
        negotiate their acquisition at prices or on terms and conditions favorable
        to
        us.
  **Property
        Option Payments**
  Pursuant
        to our agreement, we are required to pay Mr. Deering two option payments to
        keep our agreement in good standing. We paid $46,500 in November 2005 and
        are
        required to pay a further $20,000 by June 15, 2007.
  Exploration
        stage expenses from inception through November 30, 2005 were $46,500 for
        general
        exploration costs related to the mineral rights of the exploration property
        and
        $23,754 of general and administrative costs for a total expense of $70,254
        as
        captioned in the financial statement’s statement of operations. Fees were
        incurred in the start-up costs of our company as well as the fees to prepare
        our
        audited financial statements and this registration statement. These fees
        were
        included in the general and administrative expense as discussed in this
        paragraph.
  Our
        plan
        of operations for the next twelve months is to continue exploration activities
        on the property. We are planning to spend $16,000 on further exploration
        on the
        property. If we are successful in raising sufficient capital we hope to carry
        out most or all of the work described under Further Exploration in the FRENCH
        Claim section of this prospectus in the next twelve months. We are current
        in
        all of our obligations.
  The
        following is a 12 month budget:
  Exploration
                  and site work (samples)
              16,000General
                  and administrative
              2,400Total
              $18,400
  At
        present, we do not have sufficient cash on hand to complete the filing of
        this
        prospectus and meeting our exploration, general and administration expenses
        and
        we must raise more capital by April, 2007 to carry out further exploration
        programs to maintain our interest in the FRENCH claim. If we are unable to
        raise
        sufficient capital to meet our obligations we could lose our interest in
        the
        properties or a portion thereof. We intend to pursue financing activities
        in the
        fall of 2006.
  We
        plan
        to raise a minimum of $45,000 to continue minimum exploration of our properties
        during the next 12 months through a private placement of debt, convertible
        securities, or common equity. If we are successful in raising the necessary
        capital, we may have to significantly dilute the current shareholders. We
        plan
        to initially offer the debt or equity to our current shareholders and
        management.
  
  If
        we are
        not successful in raising the required capital, we will offer our debt or
        equity
        to new investors. At present, we have no specific plans regarding a debt
        or
        equity offering, but intended to actively commence raising the required capital
        during the fall of 2006. Such offering has been delayed and we now intend
        to
        commence raising capital by April 2007. As an alternative to raising capital
        through the selling of debt or equity, we will attempt to negotiate a joint
        venture with an industry partner. If we are required to enter into a joint
        venture, we could end up with a minority interest in our properties. We have
        not
        contacted another party in the industry regarding a joint venture. There
        is no
        assurance we will raise the necessary capital, therefore there is a significant
        risk that the company may have to abandon or reduce the size of our
        property.
 
 **Results
        of Operations**
 
 ***For
        the Fiscal Years Ended December 31, 2006 and 2005***
 
 **Revenues**
 
 Since
        we
        are in the exploration stage of our business plan, we have not yet earned
        any
        revenues from our planned operations. As of November 30, 2006, we had 13,424
        cash on hand and liabilities in the amount of $3,450. Accordingly, our working
        capital position as of November 30, 2006 was $9,974. Since our inception
        through
        November 30, 2006, we have incurred a net loss of $70,254. We attribute our
        net
        loss to having no revenues to offset our expenses and the professional fees
        related to the creation and operation of our business. Our working capital
        may
        be sufficient to enable us to perform limited exploration phases beyond the
        first geological exploration phase on the property. Accordingly, we may require
        additional financing in the event that further exploration is
        needed.
  **Selling,
        General and Administrative Expenses**
 
 Selling,
        general and administrative expenses were $11,118 for the fiscal year ended
        December 31, 2006, as compared to $12,636 for the 209 days ending November
        30,
        2005. These expenses represent our total operating expenses during this period.
        These expenses include legal and accounting fees, auditing fees and professional
        fees associated with obtaining private financing.
 
 Our
        net
        loss from operations for the period ending November 30, 2005 was $59,136
        as
        compared to net loss from operations for the fiscal period ending November
        30,
        2006 of $11,118. The decrease in net loss from operations was due to payment
        of
        the general exploration fees of $46,500 in 2005.
 
 **Liquidity
        and Capital Resources**
  We
        are
        currently financing its operations primarily through cash generated by the
        consulting fees it receives along with its previous financing activities.
        At
        November 30, 2006, we had cash of $13,424. In
        October 2005, we completed a private placement to investors in the amount
        of
        $70,000.
 
 In
        January 2005 we filed a registration statement with the SEC which was declared
        effective in April 2006 registering 3,500,000 shares of common stock issued
        to
        investors in connection with the private placement in October 2005.
  We
        believe that we cannot currently satisfy our cash requirements for the next
        twelve months with our current cash and expected revenues from our current
        contract to provide consulting services and our bank lines and funds from
        our
        private financing. However, management plans to increase revenue and obtain
        additional financing in order to sustain operations for at least the next
        twelve
        months. We have already sold shares to support our continued operations.
        However, completion of our plan of operation is subject to attaining adequate
        revenue. We cannot assure investors that adequate revenues will be generated.
        In
        the absence of our projected revenues, we may be unable to proceed with our
        plan
        of operations. Even without significant revenues within the next twelve months,
        we still anticipate being able to continue with our present activities, but
        we
        may require financing to potentially achieve our goal of profit, revenue
        and
        growth.
  
  
 In
        the
        event we are not successful in reaching our initial revenue targets, additional
        funds may be required, and we would then not be able to proceed with our
        business plan for the development and marketing of our core services. Should
        this occur, we would likely seek additional financing to support the continued
        operation of our business. We anticipate that depending on market conditions
        and
        our plan of operations, we would incur operating losses in the foreseeable
        future. We base this expectation, in part, on the fact that we may not be
        able
        to generate enough gross profit from our consulting services to cover our
        operating expenses. Consequently, there is substantial doubt about our ability
        to continue to operate as a going concern.
  As
        reflected in the accompanying audited financial statements, we are in the
        development stage, has an accumulated deficit from inception of $70,254 and
        has
        a negative cash flow from operations of $54,804 from inception. This raises
        substantial doubt about its ability to continue as a going concern. Our ability
        to continue as a going concern is dependent on our ability to raise additional
        capital and implement its business plan. The financial statements do not
        include
        any adjustments that might be necessary if we are unable to continue as a
        going
        concern.
  Management
        believes that actions presently being taken to obtain additional funding
        and
        implement its strategic plans provide the opportunity for us to continue
        as a
        going concern
  **Critical
        Accounting Policies**
 
 Our
        financial statements and related public financial information are based on
        the
        application of accounting principles generally accepted in the United States
        (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and
        subjective interpretations of accounting principles that have an impact on
        the
        assets, liabilities, revenue and expense amounts reported. These estimates
        can
        also affect supplemental information contained in our external disclosures
        including information regarding contingencies, risk and financial condition.
        We
        believe our use if estimates and underlying accounting assumptions adhere
        to
        GAAP and are consistently and conservatively applied. We base our estimates
        on
        historical experience and on various other assumptions that we believe to
        be
        reasonable under the circumstances. Actual results may differ materially
        from
        these estimates under different assumptions or conditions. We continue to
        monitor significant estimates made during the preparation of our financial
        statements.
  Our
        significant accounting policies are summarized in Note 1 of our financial
        statements. While all these significant accounting policies impact its financial
        condition and results of operations, we view certain of these policies as
        critical. Policies determined to be critical are those policies that have
        the
        most significant impact on ours financial statements and require management
        to
        use a greater degree of judgment and estimates. Actual results may differ
        from
        those estimates. Our management believes that given current facts and
        circumstances, it is unlikely that applying any other reasonable judgments
        or
        estimate methodologies would cause effect on our results of operations,
        financial position or liquidity for the periods presented in this
        report.
  **Off-Balance
        Sheet Arrangements**
 
 We
        do not
        have any off-balance sheet arrangements, financings, or other relationships
        with
        unconsolidated entities or other persons, also known as “special purpose
        entities” (SPEs).
 
 **Item
        7.**    **Financial
        Statements.**











FRENCH
        PEAK RESOURCES INC.
 (an
        exploration stage company)
 
 FINANCIAL
        STATEMENTS
 
 As
        Of
        November 30, 2006 and 2005
 
 
 
 
 INDEPENDENT
                  REGISTERED AUDITORS REPORT
              F-1BALANCE
                  SHEET
              F-2STATEMENT
                  OF OPERATIONS
              F-3STATEMENT
                  OF STOCKHOLDERS' EQUITY
              F-4STATEMENT
                  OF CASH FLOWS
              F-5FINANCIAL
                  STATEMENT FOOTNOTES
              F-6
 
 
 
 
 
 
 
 
 
 
 Gately
        & Associates, LLC
 Altamonte
        Springs, FL
 jgately@earthlink.net
 Tel
        (407)
        341-6942
 Fax
        (407)
        540-9612
 
  **REPORT
        OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT**
   The
        Board
        of Directors and Shareholders
   FRENCH
        PEAK RESOURCES INC.
  Gentlemen:
   We
        have audited the accompanying balance sheet of FRENCH PEAK RESOURCES INC.
        (an
        exploration stage company) as of November 30, 2006 and 2005 and the related
        statements of operations, stockholder’s equity and cash flows for the twelve
        months ending November 30, 2006, the 209 day ending November 30, 2005 and
        from
        inception (July 15, 2005) through November 30, 2006. These financial statements
        are the responsibility of the Company’s management. Our responsibility is to
        express an opinion on these financial statements based on the audit.
   We
        conducted the audit in accordance with U.S. generally accepted auditing
        standards. These 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 the 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 FRENCH PEAK RESOURCES INC. as
        of
        November 30, 2006 and 2005, and the statement of operations and cash flows
        for
        the twelve months ending November 30, 2006, the 209 days ending November
        30,
        2005 and from inception (July 15, 2005) through November 30, 2006, in conformity
        with U.S. generally accepted accounting principles.
   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 has suffered losses from operations and has a net
        capital deficiency that 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.
   Gately
        & Associates, LLC
   February
        12, 2007
    F-1
   **FRENCH
                        PEAK RESOURCES INC.****(an
                        exploration stage company)****BALANCE
                        SHEET****As
                        of November 30, 2006 and November 30, 2005****ASSETS****CURRENT
                        ASSETS**
                    
                    **11/30/2006**
                    
                    **11/30/2005**Cash
                    
                    $
                    13,424
                    
                    
                    23,514Total
                        Current Assets
                    
                    
                    13,424
                    
                    
                    23,514**TOTAL
                        ASSETS**
                    
                    $
                    13,424
                    
                    $
                    23,514**LIABILITIES
                        AND STOCKHOLDERS' EQUITY****CURRENT
                        LIABILITIES**Accounts
                        payable
                    
                    $
                    -
                    
                    $
                    -Accrued
                        expenses
                    
                    
                    3,450
                    
                    
                    650Total
                        Current Liabilities
                    
                    
                    3,450
                    
                    
                    650**LONG-TERM
                        LIABILITIES**None
                    
                    
                    -
                    
                    
                    -**TOTAL
                        LIABILITIES**
                    
                    
                    3,450
                    
                    
                    650**STOCKHOLDERS'
                        EQUITY**Common
                        Stock, $.001 par valueAuthorized:
                        100,000,000 Issued: 15,500,000
                    
                    
                    15,500
                    
                    
                    15,500Additional
                        paid in capital
                    
                    
                    66,500
                    
                    
                    66,500Accumulated
                        deficit during development stage
                    
                    
                    (72,027
                    )
                    
                    (59,136
                    )Total
                        Stockholders' Equity
                    
                    
                    9,974
                    
                    
                    22,864**TOTAL
                        LIABILITIES AND EQUITY**
                    
                    $
                    13,424
                    
                    $
                    23,514
  
  The
            accompanying notes are an integral part of these financial
            statements.
 
 F-2
  **FRENCH
                        PEAK RESOURCES INC.****(an
                        exploration stage company)****STATEMENT
                        OF OPERATIONS****For
                        the twelve months ending November, 2006 and****the
                        209 days ending November 30, 2005 then****from
                        inception (May 5, 2005) through November 30, 2006****12
                        MONTHS**
                    
                    **209
                        DAYS**
                    
                    **FROM****ENDING**
                    
                    **ENDING**
                    
                    **INCEPTION****11/30/2006**
                    
                    **11/30/2005**
                    
                    **TO
                        11/30/2006****REVENUE**
                    
                    $
                    -
                    
                    $
                    -
                    
                    $
                    -**COST
                        OF SERVICES**
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -**GROSS
                        PROFIT OR (LOSS)**
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -**GENERAL
                        AND ADMINISTRATIVE EXPENSES**
                    
                    
                    12,891
                    
                    
                    12,636
                    
                    
                    25,527**GENERAL
                        EXPLORATION**
                    
                    
                    -
                    
                    
                    46,500
                    
                    
                    46,500**OPERATING
                        INCOME**
                    
                    
                    (12,891
                    )
                    
                    (59,136
                    )
                    
                    (72,027
                    )**ACCUMULATED
                        DEFICIT - BEGINNING**
                    
                    
                    (59,136
                    )
                    
                    -
                    
                    
                    -**ACCUMULATED
                        DEFICIT - ENDING**
                    
                    $
                    (72,027
                    )
                    $
                    (59,136
                    )
                    $
                    (72,027
                    )**Earnings
                        (loss) per share, basic**
                    
                    $
                    (0.00
                    )
                    $
                    (0.00
                    )**Weighted
                        average number of common shares**
                    
                    
                    15,500,000
                    
                    
                    12,291,667
  
 
 The
          accompanying notes are an integral part of these financial
          statements.
  
 F-3
 
 **FRENCH
                        PEAK RESOURCES INC.****(an
                        exploration stage company)****STATEMENT
                        OF STOCKHOLDERS' EQUITY****As
                        of November 30, 2006****ADDITIONAL****COMMON**
                    
                    **PAR**
                    
                    **PAID
                        IN**
                    
                    **ACCUM.**
                    
                    **TOTAL****STOCK**
                    
                    **VALUE**
                    
                    **CAPITAL**
                    
                    **DEFICIT**
                    
                    **EQUITY**Common
                        stock issued as officers'
                    
                    
                    12,000,000
                    
                    $
                    12,000
                    
                    $
                    -
                    
                    $
                    -
                    
                    $
                    12,000compensation
                        on
                        company formationMay
                        5,
                        2005 at $0.001 per shareCommon
                        stock issued for cash
                    
                    
                    3,500,000
                    
                    
                    3,500
                    
                    
                    66,500
                    
                    
                    
                    
                    
                    70,000October,
                        2005
                        at $0.02per
                        share on private placementNet
                        income (loss)
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -
                    
                    
                    (59,136
                    )
                    
                    (59,136
                    )Balance,
                        November 30, 2005
                    
                    
                    15,500,000
                    
                    $
                    15,500
                    
                    $
                    66,500
                    
                    $
                    (59,136
                    )
                    $
                    22,864Net
                        income (loss)
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -
                    
                    
                    (12,891
                    )
                    
                    (12,891
                    )Balance,
                        November 30, 2006
                    
                    
                    15,500,000
                    
                    $
                    15,500
                    
                    $
                    66,500
                    
                    $
                    (72,027
                    )
                    $
                    9,974
   The
            accompanying notes are an integral part of these financial
            statements.
   F-4
  **FRENCH
                        PEAK RESOURCES INC.****(an
                        exploration stage company)****STATEMENTS
                        OF CASH FLOWS****For
                        the twelve months ending November 30, 2006 and****the
                        209 days ending November 30, 2005 then****from
                        inception (May 5, 2005) through November 30, 2006****12
                        MONTHS**
                    
                    **209
                        DAYS**
                    
                    **FROM****ENDING**
                    
                    **ENDING**
                    
                    **INCEPTION****CASH
                        FLOWS FROM OPERATING ACTIVITIES**
                    
                    **11/30/2006**
                    
                    **11/30/2005**
                    
                    **TO
                        11/30/2006**Net
                        income (loss)
                    
                    $
                    (12,891
                    )
                    $
                    (59,136
                    )
                    $
                    (72,027
                    )Adjustments
                        to reconcile net income to net cashprovided
                        by (used in) operating activities:Stock
                        issued as compensation
                    
                    
                    -
                    
                    
                    12,000
                    
                    
                    12,000Increase
                        (Decrease) in accrued expenses
                    
                    
                    2,800
                    
                    
                    650
                    
                    
                    3,450Total
                        adjustments to net income
                    
                    
                    2,800
                    
                    
                    12,650
                    
                    
                    15,450Net
                        cash provided by (used in) operating activities
                    
                    
                    (10,091
                    )
                    
                    (46,486
                    )
                    
                    (56,577
                    )**CASH
                        FLOWS FROM INVESTING ACTIVITIES**None
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -Net
                        cash flows provided by (used in) investing activities
                    
                    
                    -
                    
                    
                    -
                    
                    
                    -**CASH
                        FLOWS FROM FINANCING ACTIVITIES**Proceeds
                        from stock issuance
                    
                    
                    -
                    
                    
                    70,000
                    
                    
                    70,000Net
                        cash provided by (used in) financing activities
                    
                    
                    -
                    
                    
                    70,000
                    
                    
                    70,000**CASH
                        RECONCILIATION**Net
                        increase (decrease) in cash
                    
                    
                    (10,090
                    )
                    
                    23,514
                    
                    
                    13,424Cash
                        - beginning balance
                    
                    
                    23,514
                    
                    
                    -
                    
                    
                    -CASH
                        BALANCE END OF PERIOD
                    
                    $
                    13,424
                    
                    $
                    23,514
                    
                    $
                    13,424
   The
            accompanying notes are an integral part of these financial
            statements.
   F-5
   **FRENCH
          PEAK RESOURCES INC.**
 **(an
          exploration stage company)**
 
 **NOTES
          TO FINANCIAL STATEMENTS**
 
 **As
          Of November 30, 2006 and 2005**
 
 NOTE
          1
          - OPERATIONS AND BASIS OF PRESENTATION
 
 FRENCH
          PEAK RESOURCES INC. (the Company), an exploration stage company, was
          incorporated on May 5, 2005 in the State of Delaware. The Company is an
          exploration stage mining company. On July 15, 2005 the Company became actively
          engaged in acquiring mineral properties, raising capital, and preparing
          properties for exploration. The Company did not have any significant mining
          operations or activities from inception; accordingly, the Company is deemed
          to
          be in the exploration stage.
 
 The
          Company's financial statements have been presented on the basis that it
          is a
          going concern, which contemplates the realization of the mineral properties
          and
          other assets and the satisfaction of liabilities in the normal course of
          business. The Company has incurred losses of from inception. These factors
          raise
          substantial doubt about the Company's ability to continue as a going concern.
          Management continues to actively seek additional sources of capital to
          fund
          current and future operations. There is no assurance that the Company will
          be
          successful in continuing to raise additional capital, establishing probable
          or
          proven reserves, or determining if the mineral properties can be mined
          economically. These financial statements do not include any adjustments
          that
          might result from the outcome of these uncertainties.
 
 The
          fiscal year end of the Company is November 30.
 
 NOTE
          2
          - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 Revenue
          and Cost Recognition:
 
 The
          Company uses the accrual basis of accounting for financial statement reporting.
          Revenues and expenses are recognized in accordance with Generally Accepted
          Accounting Principles for the industry. Certain period expenses are recorded
          when obligations are incurred.
 
 Use
          of
          Estimates:
 
 The
          preparation of the financial statements in conformity with generally accepted
          accounting principles requires management to make estimates and assumptions
          that
          affect the reported amount of assets and liabilities, and disclosure of
          contingent liabilities at the date of the financial statements, and the
          reported
          amount of revenues and expenses during the reporting period. Actual results
          could differ from those results.
 
 Accounts
          Receivable, deposits, Accounts Payable and accrued Expenses:
 
 Accounts
          receivable have historically been immaterial and therefore no allowance
          for
          doubtful accounts has been established. Normal operating refundable Company
          deposits are listed as Other Assets. Accounts payable and accrued expenses
          consist of trade payables created from the normal course of
          business.
 
 Non-mining
          Property and Equipment:
 
 Property
          and equipment purchased by the Company are recorded at cost. Depreciation
          is
          computed by the straight-line method based upon the estimated useful lives
          of
          the respective assets. Expenditures for repairs and maintenance are charged
          to
          expense as incurred as are any items purchased which are below the Company's
          capitalization threshold of $1,000.
 
 For
          assets sold or otherwise disposed of, the cost and related accumulated
          depreciation are removed from accounts, and any related gain or loss is
          reflected in income for the period.
   
 F-6
  **FRENCH
          PEAK RESOURCES INC.**
 **(an
          exploration stage company)**
 
 **NOTES
          TO FINANCIAL STATEMENTS**
 
 **As
          Of November 30, 2006 and 2005**
 
 Income
          Taxes:
 
 The
          Company accounts for income taxes using the liability method which requires
          recognition of deferred tax liabilities and assets for the expected future
          tax
          consequences of events that have been included in the financial statements
          or
          tax returns. Deferred tax assets and liabilities are determined based on
          the
          difference between the financial statements and tax basis of assets and
          liabilities using enacted tax rates in effect for the year in which the
          differences are expected to reverse.
 
 The
          Company's management determines if a valuation allowance is necessary to
          reduce
          any tax benefits when the available benefits are more likely than not to
          expire
          before they can be used.
 
 Stock
          Based Compensation:
 
 In
          October 1995, the Financial Accounting Standards Board issued Statement
          of
          Financial Accounting Standards No. 123, "Accounting for Stock-Based
          Compensation," (SFAS 123), which is effective for periods beginning after
          December 15, 1995. SFAS 123 requires that companies either recognize
          compensation expense for grants of stock, stock options, and other equity
          instruments based on fair value or provide pro-forma disclosure of the
          effect on
          net income and earnings per share in the Notes to the Financial Statements.
          The
          Company has adopted SFAS 123 in accounting for stock-based
          compensation.
 
 Cash
          and
          Cash Equivalents, and Credit Risk:
 
 For
          purposes of reporting cash flows, the Company considers all cash accounts
          with
          maturities of 90 days or less and which are not subject to withdrawal
          restrictions or penalties, as cash and cash equivalents in the accompanying
          balance sheet.
 
 The
          portion of deposits in a financial institution that insures its deposits
          with
          the FDIC up to $100,000 per depositor in excess of such insured amounts
          are not
          subject to insurance and represent a credit risk to the Company.
 
 Foreign
          Currency Translation and Transactions:
 
 The
          Company's functional currency is the US dollar. No material translations
          or
          transactions have occurred. Upon the occurrence of such material transactions
          or
          the need for translation adjustments, the Company will adopt Financial
          Accounting Standard No. 52 and other methods in conformity with Generally
          Accepted Accounting Principles.
 
 Earnings
          Per Share:
 
 In
          February 1997, the Financial Accounting Standards Board (FASB) issued Statement
          of Financial Accounting Standards No. 128 (SFAS 128), "Earnings Per Share".
          SFAS
          128 replaces the presentation of primary earnings per share with a presentation
          of basic earnings per share based upon the weighted average number of common
          shares for the period.
  NOTE
          3
          - AFFILIATES AND RELATED PARTIES
 
 Significant
          relationships with (1) companies affiliated through common ownership and/or
          management, and (2) other related parties are as follows:
 
 The
          Company has compensated officers of the Company with compensation in the
          form of
          stock as described in the equity footnote.
  F-7
  **FRENCH
          PEAK RESOURCES INC.**
 **(an
          exploration stage company)**
 
 **NOTES
          TO FINANCIAL STATEMENTS**
 
 **As
          Of November 30, 2006 and 2005**
 
 NOTE
          4
          - INCOME TAXES
 
 The
          Company has available net operating loss carryforwards for financial statement
          and federal income tax purposes. These loss carryforwards expire if not
          used
          within 20 years from the year generated. The Company's management has decided
          a
          valuation allowance is necessary to reduce any tax benefits because the
          available benefits are more likely than not to expire before they can be
          used.
          Net operating losses of $70,254 for 2006 and $59,136 for 2005 are valued
          for tax
          benefits of $14,050 and $11,827, respectively, using an effective tax rate
          of
          15% for federal tax and 5% for state tax.
 
 NOTE
          5
          - LONG-TERM DEBT
 
 The
          Company has no long-term debt.
 
 NOTE
          6
          - SHAREHOLDERS' EQUITY
 
 Common
          Stock:
 
 The
          Company has authorized one hundred million (50,000,000) shares of common
          Stock
          with a par value of $.001. The Company has 15,500,000 shares of common
          stock
          issued and outstanding.
 
 On
          May 5,
          2005 the Company issued 12,000,000 shares of common stock to the Company
          President, Robert Waters, as compensation for the formation of the corporation
          and services rendered for a value of $12,000 or $0.001 per share.
 
 During
          October 2005, the Company issued 3,500,000 shares of common stock at a
          price of
          $.02 per share in a private placement offering exempt from registration
          with the
          U.S. Securities Act of 1933 for a total value of $70,000.
  Common
          Stock Recorded as Compensation:
 
 The
          Company does not have an employee stock compensation package set up at
          this
          time. The stock compensation that has been granted falls under Rule 144.
          Compliance with Rule 144 is discussed in the following paragraph.
 
 In
          general, under Rule 144 as currently in effect, a person who has beneficially
          owned shares of a company's common stock for at least one year is entitled
          to
          sell within any three month period a number of shares that does not exceed
          the
          greater of:
  1.  1%
          of the
          number of shares of the company's common stock then
          outstanding.
 2  The
          average weekly trading volume of the company's common stock during the
          four
          calendar weeks preceding the filing of a notice on form 144 with respect
          to the
          sale.
 
 Sales
          under Rule 144 are also subject to manner of sale provisions and notice
          requirements and to the availability of current public information about
          the company.
 
  F-8
  **FRENCH
          PEAK RESOURCES INC.**
 **(an
          exploration stage company)**
 
 **NOTES
          TO FINANCIAL STATEMENTS**
 
 **As
          Of November 30, 2006 and 2005**
 
 NOTE
          7
          - CONTRACTS AND AGREEMENTS
 
 On
          July
          15, 2005 the Company entered into a purchase agreement with an individual,
          David
          Deering, whereby a 100% interest in 46 mineral claims located 65Km Northeast
          of
          Smithers, British Columbia, Canada was purchased. The Company has satisfied
          the
          initial payment of $46,500 and will need a further $20,000 to be paid on
          or
          before June 15, 2007. The agreement calls for a production royalty of 21⁄2%
          percent to be paid to the seller of the Net Smelter Returns from the production
          of minerals from the Mining.
 
 NOTE
          8
          - COMMITMENTS AND CONTINGENCIES
 
 Commitments
          of the Company include the responsibility to the registration costs of
          the
          proposed filing.
 
 Management
          is not aware of any contingent matters that could have a material adverse
          effect
          on the Company’s financial condition, results of operations, or
 liquidity.
 
 NOTE
          9
          - LITIGATION, CLAIMS AND ASSESSMENTS
 
 From
          time
          to time in the normal course of business the Company will be involved in
          litigation. The Company’s management has determined any asserted or unasserted
          claims to be immaterial to the financial statements.
  NOTE
          10 - GOING CONCERN
 
 The
          accompanying financial statements have been prepared assuming that the
          company
          will continue as a going concern. As discussed in the notes to the financial
          statements, the Company has experienced losses from inception. The Company’s
          financial position and operating results 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.
 
 The
          Company lacks an operating history and has losses which we expect to continue
          into the future.
 
 The
          Company was incorporated in March 2004 and has not started the proposed
          business
          operations or realized any revenues. The Company has no operating history
          upon
          which an evaluation of our future success or failure can be made. The ability
          to
          achieve and maintain profitability and positive cash flow is dependent
          upon:
 
 -
              ability
                  to locate a profitable mineral property -
              ability
                  to generate revenues -
              ability
                  to raise the capital necessary to continue exploration of the
                  property. 
 Based
          upon current plans, the Company expects to incur operating losses in future
          periods. This will happen because there are expenses associated with the
          research and exploration of mineral properties. The Company cannot guarantee
          that it will be successful in generating revenues in the future. Failure
          to
          generate revenues may cause the Company to go out of business.
 
 The
          company intends to generate additional capital from the public markets
          to
          increase its ability to locate profitable mineral property and generate
          revenues. The Company may also consider public or private debt transactions
          and/or private placement, but has no such actions in place at this
          time.
  F-9
  **Item
          8.**    **Changes
          In and Disagreements With Accountants on Accounting and Financial
          Disclosure.**
 
 None.
  **Item
          8A.**    **Controls
          and Procedures.**
 
 **Evaluation
          of Disclosure Controls and Procedures**
 
 Under
          the
          supervision and with the participation of our management, including our
          principal executive officer and principal financial officer, we conducted
          an
          evaluation of our disclosure controls and procedures, as such term is defined
          under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
          Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2006.
          Based
          on this evaluation, our principal executive officer and principal financial
          officer have concluded that our disclosure controls and procedures are
          effective
          to ensure that information required to be disclosed by us in the reports
          we file
          or submit under the Exchange Act is recorded, processed, summarized, and
          reported within the time periods specified in the Securities and Exchange
          Commission's rules and forms and that our disclosure and controls are designed
          to ensure that information required to be disclosed by us in the reports
          that we
          file or submit under the Exchange Act is accumulated and communicated to
          our
          management, including our principal executive officer and principal financial
          officer, or persons performing similar functions, as appropriate to allow
          timely
          decisions regarding required disclosure.
 
 **Changes
          in Internal Controls**
 
 There
          were no changes (including corrective actions with regard to significant
          deficiencies or material weaknesses) in our internal controls over financial
          reporting that occurred during the fourth quarter of fiscal 2006 that has
          materially affected, or is reasonably likely to materially affect, our
          internal
          control over financial reporting.
  **Item
          8B.**    **Other
          Information.**
  None.
 
  **PART
          III**
  **Item
          9.**    **Directors,
          Executive Officers, Promoters and Control Persons; Compliance with Section
          16(a)
          of the Exchange Act.**
  The
          following table sets forth the name and age of our sole executive officer
          and
          director.
 
 **Name**
                
                **Age**
                
                **Position**
                
                **Date
                    of Appointment**Robert
                    Waters
                
                56
                
                President,
                    Chief Executive Officer, Chief Financial Officer, Chairman
                
                May
                    2005
 
 Set
          forth below is a brief description of the background and business experience
          of
          our sole executive officer and director for the past five years.
 
 **Robert
          Waters** is
          our
          founder and has been our Chief Executive Officer, Chief Financial Officer,
          President and Director **** since
          the
          company’s inception.
  Robert
          Waters has spent his working career in the public stock market industry.
          In
          1978, Mr. Waters graduated from the University of British Columbia in
          Vancouver with a degree in Political Science. In 1982, Mr. Waters graduated
          from York University in Toronto, Canada with a Masters in Business
          Administration.
  
  He
          also
          achieved a two-year course in Finance and Investment at Vancouver City
          College.
          From July 1982 to December 1982, Mr. Waters was a personal financial
          planner for Executive Financial Services, a financial planning firm. From
          January 1983 to September 1983, he was a manager at Nyco Group of Companies.
          From January 1984 to March 1984, he was a consultant with George S. May
          International, a management consulting firm. From April 1984 to September 1984,
          Mr. Waters was a Vice President at Globe Business Consultants, a management
          consulting firm. From November 1984 to March 1988, Mr. Waters was a stock
          broker for Levesque Securities National Bank Financial, a brokerage firm.
          From
          March 1985 to October 1988, he was an instructor at The Canadian Securities
          Institute, a firm which provided licensing for stock brokers. From May
          1985 to
          February 1987, Mr. Waters was an instructor on taxation and personal
          financial planning at Langara College. From March 1988 to November 1988,
          he was
          a stockbroker for Davidson Partners, a brokerage firm. From December 1988
          to
          November 1989, he was a stockbroker for Pacific International Securities,
          a
          brokerage firm. From December 1989, to September 1998, Mr. Waters was a
          stock broker for Georgia Pacific Securities, a brokerage firm. From September
          1998 to July 1999, he provided consulting services to Business Development,
          a
          business consulting firm. From September 1999 to September 2000, he provided
          Las
          Vegas from home.com services related to public and broker relations and
          financial analysis.
  From
          September 2000 to September 2003, Mr. Waters was the President of ASDAR
          Group, an oil and gas exploration firm. On March 4, 2002 Robert resigned
          as
          president and remained a director of ASDAR which changed its name to Precise
          Life Sciences Ltd. and attempted to purchase a 31.6% interest in a biotechnology
          company, ACGT Corporation. The transaction was not consummated and
          Mr. Waters was reappointed president of ASDAR in July 23, 2002. On February
          18, 2003 the company changed its name to Iceberg Brands Corporation in
          a failed
          attempt to acquire Iceberg Drive-Inn, a quick service restaurant chain.
          On
          September 8, 2003 the company changed its name to Avalon Gold Corporation
          and
          pursued the development of Nevada mining claims. On November 30, 2004 Robert
          Waters resigned as President, Director and Chief Executive Officer.
  From
          March 2001 to November 2004 he was Secretary, Treasurer, Director and Chief
          Financial Officer of 2U Online.com, Inc. which became Golden Spirit Minerals
          Ltd
          in October 2003 and changed it focus from internet based business development
          to
          mineral exploration. In October 2003 the company changed its name to Golden
          Spirit Minerals Ltd to focus on gold exploration properties in Alaska.
          Robert
          Waters resigned as Secretary, Chief Financial Officer and Director in November
          2004.
  From
          March 2000 to March 2001, Mr. Waters was the President of Global
          Performance Capital, an investor relations firm. From July 2004 to present
          he
          has been Marketing and Sales advisor to Coffee Pacifica, Inc. a coffee
          producer
          and marketing company. Since 2000 he has been president of Infinity Capital
          and
          the company raises venture capital for listed companies in Canada. Robert
          Waters
          is our sole member of our Board of Directors.
  None
          of
          our Officers and/or Directors have filed any bankruptcy petition, been
          convicted
          of or been the subject of any criminal proceedings or the subject of any
          order,
          judgment or decree involving the violation of any state or federal securities
          laws within the past five (5) years.
  **Term
          of Office**
  Our
          directors are appointed for a one-year term to hold office until the next
          annual
          general meeting of our shareholders or until removed from office in accordance
          with our bylaws. Our officers are appointed by our board of directors and
          hold
          office until removed by the board.
 
 **Significant
          Employees**
 
 None.
 
 **Family
          Relationships**
 
 No
          family
          relationships exist among our directors or executive officers.
 
 **Involvement
          in Certain Legal Proceedings**
  To
          our
          knowledge, during the past five years, none of our directors, executive
          officers, promoters, control persons, or nominees has been:
   
  •
                the
                    subject of any bankruptcy petition filed by or against any business
                    of
                    which such person was a general partner or executive officer
                    either at the
                    time of the bankruptcy or within two years prior to that time;
 
 •
                convicted
                    in a criminal proceeding or is subject to a pending criminal
                    proceeding
                    (excluding traffic violations and other minor offenses);
 
 •
                subject
                    to any order, judgment, or decree, not subsequently reversed,
                    suspended or
                    vacated, of any court of competent jurisdiction, permanently
                    or
                    temporarily enjoining, barring, suspending or otherwise limiting
                    his
                    involvement in any type of business, securities or banking activities;
                    or
 
 •
                found
                    by a court of competent jurisdiction (in a civil action), the
                    Commission
                    or the Commodity Futures Trading Commission to have violated
                    a federal or
                    state securities or commodities law.
 
 **Code
          of Ethics**
 
 We
          have
          adopted a Code of Ethics applicable to our Chief Executive Officer and
          Chief
          Financial Officer. This Code of Ethics is filed herewith as an
          exhibit.
 
 **Compliance
          with Section 16(a) of the Exchange Act**
  Section
          16(a) of the Securities Exchange Act of 1934 requires the Company's officers
          and
          directors, and persons who own more than 10 percent of a registered class
          of the
          Company's equity securities, to file reports of ownership and changes in
          ownership with the Securities and Exchange Commission (SEC). Officers,
          directors, and greater than 10 percent stockholders are required by SEC
          regulation to furnish the Company with copies of all Section 16(a) forms
          they
          file.
 
 To
          the
          Company's knowledge, based solely on a review of the copies of such reports
          furnished to the Company, all reports under Section 16(a) required to be
          filed
          by its officers and directors and greater than ten percent beneficial owners
          were timely filed as of the date of this filing.
  **Item
          10.**  **Executive Compensation.**
  **Compensation
          of Executive Officers**
  The
          following summary compensation table sets forth all compensation awarded
          to,
          earned by, or paid to the named executive officers paid by us during the
          fiscal
          years ended December 31, 2006 and 2005 in all capacities for the accounts
          of our
          executives, including the Chief Executive Officer (CEO) and Chief Financial
          Officer (CFO):
 
 **SUMMARY
          COMPENSATION TABLE**
 
 **Name
                    and Principal Position**
                
                
                **Year**
                
                
                **Salary**
                  **($)**
                
                
                **Bonus**
                  **($)**
                
                
                **Stock
                    Awards**
                  **($)**
                
                
                **Option
                    Awards**
                  **($)**
                
                
                **Non-Equity
                    Incentive Plan Compensation ($)**
                
                
                **Non-Qualified
                    Deferred Compensation Earnings**
                  **($)**
                
                **All
                    Other Compensation**
                  **($)**
                **Totals**
                  **($)**Robert
                    Waters
                  President,
                    Chief
                
                
                2006
                
                $
                0
                
                
                0
                
                
                0
                
                
                0
                
                
                0
                
                
                0
                
                0
                0Executive
                    Officer,
                
                
                2005
                
                $
                0
                
                
                0
                
                
                12,000(1)
                
                
                0
                
                
                0
                
                
                0
                
                0
                12,000Chief
                    Financial Officer
   
  
 (1)
                Mr. Waters
                    received 12,000,000 founders’ shares at $.001 for services rendered to us.
                    He will not receive such compensation in the
                    future.
 
 **Outstanding
          Equity Awards at Fiscal Year-End Table.** There
          were no individual grants of stock options to purchase our common stock
          made to
          the named executive officers in the Summary Compensation Table during the
          fiscal
          year ended November 30, 2006, and the subsequent period up to the date
          of the
          filing of this prospectus.
  **Employment
          Agreements**
  The
          Company does not currently have any employment agreements.
 
  **Compensation
          of Directors**
  For
          the
          fiscal year ended November 30, 2006, we did not compensate our directors
          for
          their services.
  **Item
          11.**   **Security
          Ownership of Certain Beneficial Owners and Management and Related Stockholder
          Matters.**
  The
          following table sets forth certain information regarding the ownership
          of our
          capital stock, as of February 26, 2007, for: (i) each director; (ii) each
          person
          who is known to us to be the beneficial owner of more than 5%of our outstanding
          common stock; (iii) each of our executive officers named in the Summary
          Compensation Table; and (iv) all of our current executive officers and
          directors
          of as a group. Except as otherwise indicated in the footnotes, all information
          with respect to share ownership and voting and investment power has been
          furnished to us by the persons listed. Except as otherwise indicated in
          the
          footnotes, each person listed has sole voting power with respect to the
          shares
          shown as beneficially owned.
  NAME
                    AND ADDRESS OF
                  BENEFICIAL
                    OWNER (1)
                AMOUNT
                    AND NATURE OF
                  BENEFICIAL
                    OWNERSHIP
                PERCENT
                    OF OUTSTANDING
                  SHARES5%
                    STOCKHOLDERS, DIRECTOR AND NAMED EXECUTIVE OFFICERROBERT
                    WATERS
                  1600
                    GOLF ROAD SUITE 1200
                  ROLLING
                    MEADOWS, ILLINOIS 60008
                12,000,000
                77.42%OFFICERS
                    AND DIRECTORS
                  AS
                    A GROUP
                12,000,000
                77.42%
  (1)
          Under
          the rules of the SEC, a person is deemed to be the beneficial owner of
          a
          security if such person has or shares the power to vote or direct the voting
          of
          such security or the power to dispose or direct the disposition of such
          security. A person is also deemed to be a beneficial owner of any securities
          if
          that person has the right to acquire beneficial ownership within 60 days
          of the
          date hereof. Unless otherwise indicated by footnote, the named entities
          or
          individuals have sole voting and investment power with respect to the shares
          of
          common stock beneficially owned.
   
  (2)
          This
          table is based upon information obtained from our stock records. Unless
          otherwise indicated in the footnotes to the above table and subject to
          community
          property laws where applicable, we believe that each shareholder named
          in the
          above table has sole or shared voting and investment power with respect
          to the
          shares indicated as beneficially owned.
  Stock
          Option Grants
  We
          have
          not granted any stock options to our executive officer since our
          incorporation.
 
 **Item
          12.**    **Certain
          Relationships and Related Transactions.**
 
 We
          currently use approximately 200 square feet of leased office space at 300
          Park
          Avenue Suite 1700 New York, New York 10022. We lease such space from Robert
          Waters, our President, for $200 month which covers the use of the telephone,
          office equipment and furniture.
  Our
          sole
          officer, Director and founder, Robert Waters is deemed to be our promoter.
          French Peak Resources Inc was incorporated in the State of Delaware on
          May 5,
          2005 and 12,000,000 shares were issued to Robert Waters as founder’s shares for
          services rendered as our President. Other than the lease and share issuance
          set
          forth herein there have been no other transactions with our promoter.
 
 **Item
          13.**    **Exhibits.**
 
 **Exhibit No.**
                
                **Title
                    of Document**
                
                **Location**3.1.1
                
                Articles
                    of Incorporation
                
                Incorporated
                    by reference to Form SB-2 filed on January 4, 20063.1.2
                
                Amendment
                    to Articles of Incorporation
                
                Incorporated
                    by reference to to Form SB-2 filed on January 4, 20063.2
                
                Bylaws
                
                Incorporated
                    by reference to Form SB-2 filed on January 4, 200631.1
                
                Certification
                    of Chief Executive Officer Pursuant to Rule 13a-14(a) of the
                    Securities Exchange Act of 1934
                
                Filed
                    herewith32.1
                
                Certification
                    of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,
                    as adopted
                    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
                
                Filed
                    herewith
  **Item
          14.**    **Principal
          Accounting Fees and Services.**
  **Audit
          Fees**
  For
            our fiscal year
            ended November 30, 2007, we were billed approximately $1,500 for professional
            services rendered for the audit and reviews of our financial statements.
            For the
            period ended November 30, 2005, we were billed approximately $1,500 for
            professional services rendered for the audit and reviews of our financial
            statements.
  **Tax
          Fees**
  For
          our
          fiscal years ended November 30, 2006 and 2005, we were not billed for
          professional services rendered for tax compliance, tax advice, and tax
          planning.
  
   **All
          Other Fees**
  The
          Company did not incur any other fees related to services rendered by our
          principal accountant for the fiscal years ended December 31, 2006 and
          2005.
 
 **SIGNATURES**
  In
          accordance with Section 13 or 15(d) of the Exchange Act, the registrant
          caused
          this report to be signed on its behalf by the undersigned, thereunto duly
          authorized.
  **FRENCH
                      PEAK RESOURCES, INC.**By:
                  By:*/s/
                      Robert Waters*Robert
                      WatersPresident,
                      Chief Executive Officer,
                    Chief
                      Financial OfficerDate:
                  April
                      20, 2007
 
 In
          accordance with 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.
 
 **Name**
                  
                  **Title**
                  
                  **Date**By:*/s/
                      Robert Waters*
                  
                  President,
                      Chief Executive Officer,
                  
                  April
                      20, 2007Robert
                      Waters
                  
                  Chief
                      Financial Officer