|   | [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------------------------------------------------------------------------------------------------------------|

| NEVADA                                                       |   | 98-0599680                                |
|--------------------------------------------------------------|--------|-------------------------------------------|
| State or other jurisdiction of incorporation or organization |   | (I.R.S. Employer Identification No.)      |
|                                                         |   |                                      |
| 69 Stanley Point Road, Devonport,Auckland, New Zealand       |   | 0624                                      |
| (Address of principal executive offices)                     |   | (Zip Code)                                |
|                                                         |   |                                      |
| Registrant's telephone number, including area code           |   | (64) 9 445-6338                           |
|                                                         |   |                                      |
|                                                         |   |                                      |
| Securities registered pursuant to Section 12(b) of the Act:  |   | NONE.                                |
| Securities registered pursuant to Section 12(g) of the Act:  |   | Common Stock, $0.001 Par Value Per Share. |

| Large accelerated filer [  ]                                             | Accelerated filer [  ] |
|------------------------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer [  ] (Do not check if a smaller reporting company) | Smaller reporting company [X]    |

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|              |                                                                                                              | Page     |
|-------------------|-------------------------------------------------------------------------------------------------------------------|----------|
|              |                                                                                                              |     |
| PART  I |                                                                                                              | 3        |
|              |                                                                                                              |     |
| ITEM 1            | BUSINESS                                                                                                          | 3        |
|              |                                                                                                              |     |
| ITEM 1A           | RISK FACTORS                                                                                                      | 4        |
|              |                                                                                                              |     |
| ITEM 2            | PROPERTIES                                                                                                        | 8        |
|              |                                                                                                              |     |
| ITEM 3            | LEGAL PROCEEDINGS                                                                                                 | 13       |
|              |                                                                                                              |     |
| PART II           |                                                                                                              | 13       |
|              |                                                                                                              |     |
| ITEM 5            | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES |  13 |
|              |                                                                                                              |     |
| ITEM 7            | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                       | 13       |
|              |                                                                                                              |     |
| ITEM 8            | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                                       | 17       |
|              |                                                                                                              |     |
| ITEM 9            | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                              | 18       |
|              |                                                                                                              |     |
| ITEM 9A(T)        | CONTROLS AND PROCEDURES                                                                                           | 18       |
|              |                                                                                                              |     |
| ITEM 9B           | OTHER INFORMATION                                                                                                 | 20       |
|              |                                                                                                              |     |
| PART III          |                                                                                                              | 20       |
|              |                                                                                                              |     |
| ITEM 10           | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE                                                            | 20       |
|              |                                                                                                              |     |
| ITEM 11           | EXECUTIVE COMPENSATION                                                                                            | 21       |
|              |                                                                                                              |     |
| ITEM 12           | SECURITY OWNERSHIP OF CERTAIN BENEFICAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS                     | 22       |
|              |                                                                                                              |     |
| ITEM 13           | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                                         | 23       |
|              |                                                                                                              |     |
| ITEM 14           | PRINICIPAL ACCOUNTING FEES AND SERVICES                                                                           | 23       |
|              |                                                                                                              |     |
| ITEM 15           | EXHIBITS, FINANCIAL STATEMENT SCHEDULES                                                                           | 24       |
|              |                                                                                                              |     |
|              | SIGNATURES                                                                                                        | 25       |
|              |                                                                                                              |     |

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| (i)   | Costs of bringing the property into production including exploration work, preparation of production feasibility studies, and construction of production facilities, all of which we have not budgeted for; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | Availability and costs of financing; |
|------------------|--------------------------------------|

| (iii)   | Ongoing costs of production; and |
|-------------------|----------------------------------|

| (iv)   | Environmental compliance regulations and restraints. |
|------------------|------------------------------------------------------|

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| 1.   | contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | contains a description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of securities laws; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | contains a toll-free telephone number for inquiries on disciplinary actions; |
|----------------|------------------------------------------------------------------------------|

| 5.   | defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and |
|----------------|--------------------------------------------------------------------------------------------------------|

| 6.   | contains such other information and is in such form, including language, type, size and format, as the SEC shall require by rule or regulation. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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| Phase   | Recommended Exploration Program                                                                                              | Estimated Cost                            | Status                                                                             |
|---------|------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------|------------------------------------------------------------------------------------|
| Phase I | Geological mapping and magnetic and electromagnetic surveying on main showings and on Kaikoura Property.                     | $21,936 NZD(approximately $15,910)   | To be implement in the second quarter of 2011.                                |
| Phase 2 | Geochemical surveying and surface sampling in order to identify additional areas of mineralization on the Kaikoura Property. | $44,100 NZD (approximately $31,984)  | To be determined based on the results of Phase I of our exploration program.  |

| Hole No. | Total Depth in(in Meters) | Mineralized Interval(in Meters) | Au Results(oz/t)     |
|----------|---------------------------|---------------------------------|----------------------|
| 01       | 40.8                      | 0.15                            | 0.027                |
| 02       | 63.3                      | 7.051.05                        | 0.0110.048           |
| 03       | 76.4                      | 2.08.01.2                       | 0.0330.0780.125      |
| 04       | 100.4                     | 39.030.98.11.0                  | 0.2240.0220.9950.091 |
| 05       | 48.9                      | 6.0                             | 0.012                |
| 06       | 93.0                      | 15.4                            | 0.042                |
| 07       | 60.0                      | 2.0                             | 0.015                |
| 08       | 187.7                     | 14.0                            | 0.016                |

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|   |   |
|--------|--------|

| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. |
|---------|---------------------------------------------------------------------------------------------------------------------|

| 1.   | We would not be able to pay our debts as they become due in the usual course of business; or |
|----------------|----------------------------------------------------------------------------------------------|

| 2.   | Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of stockholders who have preferential rights superior to those receiving the distribution. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 7. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS. |
|---------|-----------------------------------------------------------------------------------------|

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|  Category                            | Planned Expenditures OverThe Next 12 Months (US$) |
|-------------------------------------------|---------------------------------------------------|
|                                      |                                              |
| Legal and Accounting Fees                 | 10,500                                            |
| Mineral Property Exploration Expenses     | 15,910                                            |
| Other General and Administrative Expenses | 10,000                                            |
|                                      |                                              |
| TOTAL                                     | $36,410                                           |

|     | Year Ended December 31, 2010                                                                                                                                                                               | Year EndedDecember 31, 2009                                                                                                                                                                                                             | PercentageIncrease / (Decrease) |
|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| Revenue  | $                                   - | $                                       - | n/a                             |
| Expenses |                (24,219)                                                                                                                   |              (47,817)                                                                                                                                                       | (49.4)%                         |
| Net Loss | $                         (24,219)                                                      | $                            (47,817)                                                            | (49.4)%                         |

|                 | Year Ended December 31, 2010                                                                                                                                            | Year EndedDecember 31, 2009                                                                                                                                                                                                                  | PercentageIncrease / (Decrease) |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
|                 |                                                                                                                                                                         |                                                                                                                                                                                                                                         |                            |
| Accounting and Audit | $                        4,162                            | $                              7,623                                                        | (45.4)%                         |
| Edgarizing           | 787                                                                                                                                                                          |         1,838                                                                                                                                                                                             | (57.2)%                         |
| Filing Fees          | 100                                                                                                                                                                          |       680                                                                                                                                                                                                           | (85.3)%                         |
| Legal                |   5,000                                                                                                                                                                 |           20,000                                                                                                                                                                                | (75.0)%                         |
| Management Fees      |   9,000                                                                                                                                                                 |           12,000                                                                                                                                                                                | (25.0)%                         |
| Office               | 301                                                                                                                                                                          |        276                                                                                                                                                                                                     | 9.1%                            |
| Rent                 |   2,700                                                                                                                                                                 |          3,600                                                                                                                                                                                       | (25.0)%                         |
| Telephone            |   1,350                                                                                                                                                                 |          1,800                                                                                                                                                                                       | (25.0)%                         |
| Transfer agent fees  |                              819 |                                         - | 100%                            |
|                 |                                                                                                                                                                         |                                                                                                                                                                                                                                         |                            |
| Total Expenses       | $                      24,219                                       | $                             47,817                                                             | (49.4)%                         |

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|                    | As atDecember 31, 2010                                                                                                                                                                                                                  | As atDecember 31, 2009                                                                                                                                                                                                                       | PercentageIncrease / (Decrease) |
|-------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| Current Assets          | $                                       - | $                                       - | n/a                             |
| Current Liabilities     |                     (45,891)                                                                                                             |                  (34,722)                                                                                                                                    | 32.2%                           |
| Working Capital Deficit | $                              (45,891)                                                | $                            (34,722)                                                                 | 32.2%                           |

|                                    | Year EndedDecember 31, 2010                                                                                                                                                                                                                         | Year EndedDecember 31, 2009                                                                                                                                                                                                                                           |
|-----------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Cash Flows used in Operating Activities | $                              (10,337)                                                            | $                                (24,855)                                                                  |
| Cash Flows used in Investing Activities |            -                                                                                                                                                                                      |             -                                                                                                                                                                                                  |
| Cash Flows from Financing Activities    |                    10,337                                                                                                                                 |                    24,855                                                                                                                                              |
| Net Increase in Cash During Period      | $                                         - | $                                            - |

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| 1.     | Report of Independent Registered Public Accounting Firm (Madsen & Associates, CPA’s Inc.);                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                             |
| 2.     | Balance Sheets as at December 31, 2010 and 2009;                                                                                                                 |
|   |                                                                                                                                                             |
| 3.     | Statements of Operations for the years ended December 31, 2010 and 2009,  and for the period from inception on September 2, 2008 to December 31, 2010; |
|   |                                                                                                                                                             |
| 4.     | Statement of Stockholders’ Deficiency for the period from inception on September 2, 2008 to December 31,2010;                                              |
|   |                                                                                                                                                             |
| 5.     | Statements of Cash Flows for the years ended December 31, 2010 and 2009, and for the period from inception on September 2, 2008 to December 31, 2010             |
|   |                                                                                                                                                             |
| 6.     | Notes to Financial Statements.                                                                                                                                   |

|   ITEM 9.    |   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. |
|---------------------------------------|---------------------------------------------------------------------------------------------------|

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|   | - | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the Company's assets; |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | - | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | - | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company's assets that could have a material effect on the financial statements. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.   | Certain entity level controls establishing a “tone at the top” were considered material weaknesses.  As of December 31, 2010, the Company did not have a separate audit committee or a policy on fraud.  A whistleblower policy is not necessary given the small size of the organization. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Due to the significant number and magnitude of out-of-period adjustments identified during the year- end closing process, management has concluded that the controls over the period-end financial reporting process were not operating effectively. A material weakness in the period-end financial reporting process could result in us not being able to meet our regulatory filing deadlines and, if not remediated, has the potential to cause a material misstatement or to miss a filing deadline in the future. Management override of existing controls is possible given the small size of the organization and lack of personnel. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | There is no system in place to review and monitor internal control over financial reporting. The Company maintains an insufficient complement of personnel to carry out ongoing monitoring responsibilities and ensure effective internal control over financial reporting. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. |
|----------|---------------------------------------------------------|

| Name               | Age    | Positions                                                                                                                |
|--------------------|--------|--------------------------------------------------------------------------------------------------------------------------|
|               |   |                                                                                                                     |
| Bruce A. Wetherall | 67     | Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, President, Secretary, Treasurer and Director |

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| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. |
|----------|-------------------------------------------------------------------------------------------------|

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| Title of Class               | Name and Addressof Beneficial Owner                                                                                                                                                                      | Number of Shares of Common Stock(1) | Percentage of Common Stock(1) |
|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|-------------------------------|
|  DIRECTORS AND OFFICERS |
| Common Stock                 | Bruce A. WetherallChief Executive Officer, Chief Financial Officer, Chief Accounting Officer, President, Secretary, Treasurer and Director                                                          | 6,500,000(Direct)                   | 56.5%                         |
|  5% SHAREHOLDERS        |
| Common Stock                 | Bruce A. WetherallChief Executive Officer, Chief Financial Officer, Chief Accounting Officer, President, Secretary, Treasurer and Director69 Stanley Point RoadDevonport, AucklandNew Zealand 0624  | 6,500,000(Direct)                   | 56.5%                         |

| (1)   | Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares.  Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).  In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.  In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.  As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on March 24, 2011.  As of March 24, 2011, there were 11,500,000 shares of our common stock issued and outstanding. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. |
|----------|----------------------------------------------------------------------------|

| (a)   | any director or officer; |
|-----------------|--------------------------|

| (b)   | any proposed nominee for election as a director; |
|-----------------|--------------------------------------------------|

| (c)   | any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our common stock; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | any promoters; or |
|-----------------|-------------------|

| (e)   | any relative or spouse of any of the foregoing persons, or any relative of such spouse, who has the same house as such person or who is a director or officer of any parent or subsidiary. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|               | Year Ended December 31, 2010 | Year Ended December 31, 2009 |
|--------------------|------------------------------|------------------------------|
| Audit Fees         | $5,100                       | $4,000                       |
| Audit-Related Fees | $Nil                         | $Nil                         |
| Tax Fees           | $Nil                         | $Nil                         |
| All Other Fees     | $Nil                         | $Nil                         |
| Total              | $5,100                       | $4,000                       |

| Exhibit Number |  Description of Exhibits                                                                                                                       |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1            | Articles of Incorporation.(1)                                                                                                                       |
| 3.2            | Bylaws, as amended.(1)                                                                                                                              |
| 10.1           | Assignment Agreement dated October 3, 2008 between Plymouth Enterprises and Canterbury Resources, Inc.(1)                                           |
| 14.1           | Code of Ethics.(1)                                                                                                                                  |
| 31.1           | Certification of Principal Executive Officer and Principal Accounting Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1           | Certification of Principal Executive Officer and Principal Accounting Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

| (1)   | Previously filed as an exhibit to our Registration Statement on Form S-1 originally filed with the SEC on March 20, 2009, as amended May 12, 2009 and declared effective June 3, 2009. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Previously filed as an exhibit to our Annual Report on Form 10-K filed on March 31, 2010. |
|-----------------|-------------------------------------------------------------------------------------------|

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|   |                  |   | CANTERBURY RESOURCES, INC.                                                                     |
|--------|-----------------------|--------|------------------------------------------------------------------------------------------------|
|   |                  |   |                                                                                           |
|   |                  |   |                                                                                           |
|   |                  |   |                                                                                           |
| Date:  |   March 28, 2011 | By:    |   BRUCE A. WETHERALL                                                                      |
|   |                  |   | BRUCE A. WETHERALL                                                                             |
|   |                  |   | President, Secretary, Treasurer, Chief Executive Officer, Chief Financial Officer and Director |
|   |                  |   | (Principal Executive Officer and Principal Accounting Officer)                                 |
|   |                  |   |                                                                                           |

|   |                  |   |                                                                                           |
|--------|-----------------------|--------|------------------------------------------------------------------------------------------------|
|   |                  |   |                                                                                           |
|   |                  |   |                                                                                           |
|   |                  |   |                                                                                           |
| Date:  |   March 28, 2011 | By:    |   BRUCE A. WETHERALL                                                                      |
|   |                  |   | BRUCE A. WETHERALL                                                                             |
|   |                  |   | President, Secretary, Treasurer, Chief Executive Officer, Chief Financial Officer and Director |
|   |                  |   | (Principal Executive Officer and Principal Accounting Officer)                                 |
|   |                  |   |                                                                                           |

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| MADSEN & ASSOCIATES, CPA’s INC.                   | 684 East Vine Street, #3 |
|-------------------------------------------------------------|--------------------------|
| Certified Public Accountants and Business Consultants Board | Murray, Utah, 84107      |
|                                                        | Telephone: 801-268-2632  |
|                                                        | Fax: 801-262-3978        |

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|                                                 | December 31,2010                                                                             | December 31,2009                                                                             |
|------------------------------------------------------|----------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|
|                                                 |                                                                                         |                                                                                         |
| ASSETS                                               |                                                                                         |                                                                                         |
|                                                 |                                                                                         |                                                                                         |
| CURRENT ASSETS                                       |                                                                                         |                                                                                         |
|                                                 |                                                                                         |                                                                                         |
| Cash                                                 | $               - | $               - |
|                                                 |                                                                                         |                                                                                         |
| Total Current Assets                                 | $               - | $               - |
|                                                 |                                                                                         |                                                                                         |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY       |                                                                                         |                                                                                         |
|                                                 |                                                                                         |                                                                                         |
| CURRENT LIABILITIES                                  |                                                                                         |                                                                                         |
|                                                 |                                                                                         |                                                                                         |
| Accounts payable                                     | $     10,206                                                        | $  9,374                                                                           |
| Advances from related parties                        | 35,685                                                                                       | 25,348                                                                                       |
|                                                 |                                                                                         |                                                                                         |
| Total Current Liabilities                            | 45,891                                                                                       | 34,722                                                                                       |
|                                                 |                                                                                         |                                                                                         |
| STOCKHOLDERS’ DEFICIENCY                       |                                                                                         |                                                                                         |
|                                                 |                                                                                         |                                                                                         |
| Common stock                                         |                                                                                         |                                                                                         |
| 650,000,000 shares authorized, at $0.001 par value;  |                                                                                         |                                                                                         |
| 11,500,000 shares issued and outstanding             | 11,500                                                                                       | 11,500                                                                                       |
| Capital in excess of par value                       | 36,250                                                                                       | 23,200                                                                                       |
| Deficit accumulated during the pre-exploration stage | (93,641)                                                                                     | (69,422)                                                                                     |
|                                                 |                                                                                         |                                                                                         |
| Total Stockholders’ Deficiency                 | (45,891)                                                                                     | (34,722)                                                                                     |
|                                                 |                                                                                         |                                                                                         |
|                                                 | $             -             | $               - |

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|                                    |  For the year endedDecember 31,2010                                                                 |  For the year endedDecember 31,2009                                               | From inception(September 2,2008) toDecember 31,  2010                  |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
|                                    |                                                                                                     |                                                                                   |                                                                             |
| REVENUES                                | $                 - | $              - | $             - |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| EXPENSES                                |                                                                                                     |                                                                                   |                                                                             |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| Accounting and audit                    | 4,162                                                                                                    | 7,623                                                                                  | 15,597                                                                           |
| Edgarizing                              | 787                                                                                                      | 1,838                                                                                  | 2,625                                                                            |
| Exploration expenses                    | -                                                                                                        | -                                                                                      | 6,077                                                                            |
| Filing fees                             | 100                                                                                                      | 680                                                                                    | 780                                                                              |
| Impairment of mineral claim acquisition | -                                                                                                        | -                                                                                      | 5,000                                                                            |
| Incorporation costs                     | -                                                                                                        | -                                                                                      | 804                                                                              |
| Legal                                   | 5,000                                                                                                    | 20,000                                                                                 | 25,000                                                                           |
| Management fees                         | 9,000                                                                                                    | 12,000                                                                                 | 25,000                                                                           |
| Office                                  | 301                                                                                                      | 276                                                                                    | 689                                                                              |
| Rent                                    | 2,700                                                                                                    | 3,600                                                                                  | 7,500                                                                            |
| Telephone                               | 1,350                                                                                                    |   1,800                                                                      |    3,750                                                          |
| Transfer agent fees                     | 819                                                                                                      |            -                    | 819                                                                              |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| NET LOSS FROM OPERATIONS                | $      (24,219)                                                                 | $ (47,817)                                                                             | $ (93,641)                                                                       |
|                                    |                                                                                                     |                                                                                   |                                                                             |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| NET LOSS PER COMMON SHARE               |                                                                                                     |                                                                                   |                                                                             |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| Basic and diluted                       | $     (0.00)                                                                    | $     (0.00)                                                  |                                                                             |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| AVERAGE OUTSTANDINGSHARES               |                                                                                                     |                                                                                   |                                                                             |
|                                    |                                                                                                     |                                                                                   |                                                                             |
| Basic                                   | 11,500,000                                                                                               | 11,500,000                                                                             |                                                                             |

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|                                                                                                    |        CommonShares                                                                                 |  StockAmount                                                                                                   | Capital inExcess ofPar Value                                                                                        |  Accumulated    Deficit                                                                          |
|---------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Balance September 2, 2008                                                                               |                       -  |    $             -                  |   $             -                        |   $                -            |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Issuance of common shares for cash at    $.001 –  December 30, 2008 |   11,500,000                                                                                                                 |          11,500                                                        |                   -       |                     - |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Capital contributions – expenses                                                                  |                  -     - |                   -       |           5,800                                                   |                    -       |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Net operating loss for the periodSeptember 2, 2008 ( date of inception) toDecember 31, 2008             |                    -                    |                    - |                    - |             (21,605)                                          |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Balance as at December 31, 2008                                                                         | 11,500,000                                                                                                                             |         11,500                                                              |           5,800                                                   |           (21,605)                                                      |
| Capital contributions – expenses                                                                  |                 -                                      |                  -             |         17,400                                                              |                                                                                                                      |
| Net operating loss for the year endedDecember 31, 2009                                                  |                  -                                |                   -       |                    - |            (47,817)                                                |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Balance as at December 31, 2009                                                                         | 11,500,000                                                                                                                             |       11,500                                                                          |        23,200                                                                    |           (69,422)                                                      |
| Capital contributions – expenses                                                                  |                 -                                      |                 -                   |        13,050                                                                    |                                                                                                                      |
| Net operating loss for the year endedDecember 31, 2010                                                  |                  -                                |                  -             |                   -       |            (24,219)                                                |
|                                                                                                    |                                                                                                                                   |                                                                                                                |                                                                                                                |                                                                                                                      |
| Balance as at December 31, 2010                                                                         | 11,500,000                                                                                                                             |   $ 11,500                                                                                                |   $    36,250                                                                              |     $   (93,641)                                                                       |

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|                                                                            | For the year endedDecember 31, 2010                                         | For the year endedDecember 31, 2009                                  | From inception (September 2, 2008) to December 31, 2010                                                 |
|---------------------------------------------------------------------------------|-----------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                           |                                                                        |                                                                      |                                                                                                    |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Net loss                                                                        | $        (24,219)                   | $  (47,817)                                                     | $  (93,641)                                                                                   |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Adjustments to reconcile net loss to net cash provided by operating activities: |                                                                        |                                                                      |                                                                                                    |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Capital contributions – noncash expenses                                  | 13,050                                                                      | 17,400                                                                    | 36,250                                                                                                  |
| Changes in accounts payable                                                     |       832                                     |  5,562                                                               |   10,206                                                                                      |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Net Cash (Used) in Operations                                                   | (10,337)                                                                    | (24,855)                                                                  | (47,185)                                                                                                |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                      |             -   |             - |            -                                     |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| CASH FLOWS FROM FINANCING ACTIVITIES                                            |                                                                        |                                                                      |                                                                                                    |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Proceeds from advance from related party                                        | 10,337                                                                      | 24,855                                                                    | 35,685                                                                                                  |
| Proceeds from issuance of common stock                                          |          -                     |           -             | 11,500                                                                                                  |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Net Cash from financing operations                                              | 10,337                                                                      | 24,855                                                                    | 47,185                                                                                                  |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Net change in cash                                                              | -                                                                           | -                                                                         | -                                                                                                       |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| Cash at beginning of period                                                     |           -               |           -             |                  - |
|                                                                            |                                                                        |                                                                      |                                                                                                    |
| CASH AT END OF PERIOD                                                           | $             - | $           -           | $            -                              |

| SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES |                |     |                |
|---------------------------------------------------------|---------------------|----------|---------------------|
|                                                    |                |     |                |
| Capital contributions – noncash expenses          | $  13,050 | $ 17,400 | $  36,250 |

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|   | Basic and Diluted Net Income (loss) Per Share |
|--------|-----------------------------------------------|

|   | Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding.  Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   Year Ending |  Estimated NOLCarry-Forward |  NOLExpires | Estimated TaxBenefit fromNOL |  ValuationAllowance |   Net Tax Benefit                             |
|-------------------------|----------------------------------|------------------|------------------------------|--------------------------|---------------------------------------------------------|
|                    |                             |             |                         |                     |                                                    |
| 2008                    |  21,605                     | 2028             | 6,481                        | (6,481)                  | -                                                       |
|                    |                             |             |                         |                     |                                                    |
| 2009                    |  47,817                     | 2029             | 14,345                       | (14,345)                 | -                                                       |
|                    |                             |             |                         |                     |                                                    |
| 2010                    | $ 24,219                         | 2030             |   7,266            |  (7,266)            |          - |
|                    |                             |             |                         |                     |                                                    |
|                    | $ 93,641                         |             | $   28,092    | $  (28,092)    | $         -     |

|   | The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable.  The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable.   When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | The carrying amounts of financial instruments, including cash and accounts payable, are considered by management to be their estimated fair value due to their short term maturities. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Statement of Cash Flows |
|--------|-------------------------|

|   | For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Environmental Requirements |
|--------|----------------------------|

|   | At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | The Company acquired a 100% interest in a mineral claim known as the Kaikoura Gold Mine located about 44 kilometers from the city of Kaikoura in New Zealand from Plymouth Enterprises, an unrelated company, for $5,000. In addition, the Company undertook a sampling program on the Kaikoura Gold Mine at a cost of $5,000.  The claim, under New Zealand law, is in good standing until March 16, 2012. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | . |
|--------|---|

| 4. | SIGNIFICANT TRANSACTIONS WITH RELATED PARTY |
|----|---------------------------------------------|

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