| [X]            | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|-----------------------------------------------------------------------------------------|
|           |                                                                                    |
|           | For the quarterly period ended March 31, 2011                                           |
|           |                                                                                    |
| [  ] | Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934        |
|           |                                                                                    |
|           | For the transition period from __________ to__________                                  |
|           |                                                                                    |
|           | Commission File Number:000-27645                                                        |

| Delaware                                                       | 88-0258277                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

| 7 Ingram Drive, Suite 128, Toronto, Ontario, Canada M6M 2L7 |
|-------------------------------------------------------------|
| (Address of principal executive offices)                    |

| (888) 648-9366 Ext. 2                                                              |
|------------------------------------------------------------------------------------|
| (Registrant’s telephone number)                                              |
|  _____________________________________________________________                |
| (Former name, former address and former fiscal year, if changed since last report) |

| [ ] Large accelerated filer Accelerated filer | [ ] Non-accelerated filer |
|-----------------------------------------------|---------------------------|
| [X] Smaller reporting company                 |                      |

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Table of Contents

|                                             | TABLE OF CONTENTS                                                                           |   |
|--------------------------------------------------|---------------------------------------------------------------------------------------------|--------|
|                                             |                                                                                        | Page   |
|  PART I – FINANCIAL INFORMATION  |
| Item 1:                                          | Financial Statements                                                                        | 3      |
| Item 2:                                          | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 4      |
| Item 3:                                          | Quantitative and Qualitative Disclosures About Market Risk                                  | 8      |
| Item 4:                                          | Controls and Procedures                                                                     | 9      |
|  PART II – OTHER INFORMATION     |
| Item 1:                                          | Legal Proceedings                                                                           | 10     |
| Item 1A:                                         | Risk Factors                                                                                | 10     |
| Item 2:                                          | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 10     |
| Item 3:                                          | Defaults Upon Senior Securities                                                             | 10     |
| Item 4:                                          | (Removed and Reserved)                                                                      | 10     |
| Item 5:                                          | Other Information                                                                           | 10     |
| Item 6:                                          | Exhibits                                                                                    | 10     |

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Table of Contents

Item 1. Financial Statements

| Our financial statements included in this Form 10-Q are as follows: |
|---------------------------------------------------------------------|
| F-1                                                                 | Balance Sheets as of March 31, 2011 and June 30, 2010 (unaudited); |
| F-2                                                                 | Statements of Operations for the three and nine months ended March 31, 2011 and 2010 and period from Inception to March 31, 2011 (unaudited); |
| F-3                                                                 | Statements of Stockholders’ Equity (Deficit) for period from June 30, 2005 to March 31, 2011 (unaudited); |
| F-4                                                                 | Statements of Cash Flows for the nine months ended March 31, 2011 and 2010 and period from Inception to March 31, 2011 (unaudited); |
| F-5                                                                 | Notes to Financial Statements; |

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Table of Contents

IVANY NGUYEN, INC.

| ASSETS                                                                                                                                  |      |
|-----------------------------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                                                                    |      |   |   |   |   |   |
|                                                                                                                                    | March 31, |   | June 30, |   |
|                                                                                                                                    | 2011      |   | 2010 |   |
|                                                                                                                                    |      |   |   |   |
| CURRENT ASSETS                                                                                                                          |      |   |   |   |   |   |
|                                                                                                                                    |      |   |   |   |   |   |
| Cash                                                                                                                                    |      | $ | 74,887 |   |   | $ | 69,461 |   |
| Prepaid expenses                                                                                                                        |      |   | 44,581 |   |   |   | - |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| Total Current Assets                                                                                                                    |      |   | 119,468 |   |   |   | 69,461 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| EQUIPMENT, net                                                                                                                          |      |   | - |   |   |   | 1,266 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                                                            |      | $ | 119,468 |   |   | $ | 70,727 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                          |      |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                                     |      |   |   |   |   |   |   |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| Accounts payable                                                                                                                        |      | $ | 58,595 |   |   | $ | 53,422 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| Total Current Liabilities                                                                                                               |      |   | 58,595 |   |   |   | 53,422 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                          |      |   |   |   |   |   |   |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| Preferred stock; 10,000,000 shares authorized, at $0.001 par value, none issued or outstanding and outstanding                          |      |   | - |   |   |   | - |   |
| Common stock; 200,000,000 shares authorized, at $0.001 par value, 44,206,877 and 39,506,877 shares issued and outstanding, respectively |      |   | 44,207 |   |   |   | 39,507 |   |
| Additional paid-in capital                                                                                                              |      |   | 10,963,972 |   |   |   | 10,391,672 |   |
| Deficit accumulated during the exploration stage                                                                                        |      |   | (10,947,306 | ) |   |   | (10,413,874 | ) |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| Total Stockholders' Equity (Deficit)                                                                                                    |      |   | 60,873 |   |   |   | 17,305 |   |
|                                                                                                                                    |      |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                    |      | $ | 119,468 |   |   | $ | 70,727 |   |

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Table of Contents

IVANY NGUYEN, INC.

|                                          |   |                       |       |   |                      |   |       | From Inception |   |
|-----------------------------------------------|--------|----------------------------|------------|--------|---------------------------|--------|------------|----------------|--------|
|                                          |   | For the Three Months Ended |       |   | For the Nine Months Ended |   |       | Through        |   |
|                                          |   | March 31,                  |       |   | March 31,                 |   |       | March 31,      |   |
|                                          |   | 2011                       |       |   | 2010                      |   |       | 2011           |   |   | 2010 |   |   | 2011 |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |
| REVENUES                                      |   | $                          | -          |   |                      | $      | -          |           |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                            |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| Exploration                                   |   |                       | -          |   |                      |   | -          |           |   |   | - |   |   |   | - |   |   |   | 170,873 |   |
| Professional fees                             |   |                       | 116,878    |   |                      |   | 85,181     |           |   |   | 458,664 |   |   |   | 194,839 |   |   |   | 1,572,776 |   |
| General and administrative                    |   |                       | 35,491     |   |                      |   | 11,953     |           |   |   | 73,502 |   |   |   | 283,857 |   |   |   | 2,254,468 |   |
| Impairment of mining properties               |   |                       | -          |   |                      |   | -          |           |   |   | - |   |   |   | - |   |   |   | 545,221 |   |
| Depreciation                                  |   |                       | 255        |   |                      |   | 505        |           |   |   | 1,266 |   |   |   | 1,515 |   |   |   | 6,064 |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                      |   |                       | 152,624    |   |                      |   | 97,639     |           |   |   | 533,432 |   |   |   | 480,211 |   |   |   | 4,549,402 |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                          |   |                       | (152,624   | )      |                      |   | (97,639    | )              |   |   | (533,432 | ) |   |   | (480,211 | ) |   |   | (4,549,402 | ) |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| INCOME TAX EXPENSE                            |   |                       | -          |   |                      |   | -          |           |   |   | - |   |   |   | - |   |   |   | - |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM CONTINUING OPERATIONS               |   |                       | (152,624   | )      |                      |   | (97,639    | )              |   |   | (533,432 | ) |   |   | (480,211 | ) |   |   | (4,549,402 | ) |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| DISCONTINUED OPERATIONS                       |   |                       | -          |   |                      |   | -          |           |   |   | - |   |   |   | - |   |   |   | (6,397,904 | ) |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                      |   | $                          | (152,624   | )      |                      | $      | (97,639    | )              |   | $ | (533,432 | ) |   | $ | (480,211 | ) |   | $ | (10,947,306 | ) |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER SHARE                          |   | $                          | (0.00      | )      |                      | $      | (0.00      | )              |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                          |   |                       |       |   |                      |   |       |           |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |   |                       | 44,206,877 |   |                      |   | 37,477,638 |           |   |   | 41,943,141 |   |   |   | 36,980,594 |   |   |   |   |   |

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Table of Contents

IVANY NGUYEN, INC.

|                                                             |   |         |       |    |   |         |   |         |        |   | Deficit     |    |   |          |   |
|------------------------------------------------------------------|--------|--------------|------------|---------|--------|--------------|--------|--------------|-------------|--------|-------------|---------|--------|---------------|--------|
|                                                             |   |         |       |    |   |         |   | Stock        |        |   | Accumulated |    |   | Total         |   |
|                                                             |   |         |       |    |   | Additional   |   | Subscription |        |   | During the  |    |   | Stockholders' |   |
|                                                             |   | Common Stock |       | Paid-In |   | (Receivable) |   |         | Exploration |   |        | Equity  |   |
|                                                             |   | Shares       |       | Amount  |   | Capital      |   | Payable      |        |   | Stage       |    |   | (Deficit)     |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |
| Balance, June 30, 2005                                           |   |         | 246,032    |    | $      | 246          |   | $            | 6,215,095   |   | $           | -       |   |          | $      | (6,330,697 | ) |   | $ | (115,356 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2006                        |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (28,518 | ) |   |   | (28,518 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, June 30, 2006                                           |   |         | 246,032    |    |   | 246          |   |         | 6,215,095   |   |        | -       |   |          |   | (6,359,215 | ) |   |   | (143,874 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2007                        |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (38,689 | ) |   |   | (38,689 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, June 30, 2007                                           |   |         | 246,032    |    |   | 246          |   |         | 6,215,095   |   |        | -       |   |          |   | (6,397,904 | ) |   |   | (182,563 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Mineral properties acquired for common stock                     |   |         | 20,150,000 |    |   | 20,150       |   |         | 77,958      |   |        | -       |   |          |   | - |   |   |   | 98,108 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for cash                                     |   |         | 5,055,845  |    |   | 5,056        |   |         | 1,273,191   |   |        | -       |   |          |   | - |   |   |   | 1,278,247 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Value of options granted                                         |   |         | -          |    |   | -            |   |         | 1,528,233   |   |        | -       |   |          |   | - |   |   |   | 1,528,233 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2008                        |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (2,631,422 | ) |   |   | (2,631,422 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, June 30, 2008                                           |   |         | 25,451,877 |    |   | 25,452       |   |         | 9,094,477   |   |        | -       |   |          |   | (9,029,326 | ) |   |   | 90,603 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for services at $0.91                        |   |         | 300,000    |    |   | 300          |   |         | 272,700     |   |        | -       |   |          |   | - |   |   |   | 273,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for exercised options at $0.05 per share     |   |         | 100,000    |    |   | 100          |   |         | 4,900       |   |        | -       |   |          |   | - |   |   |   | 5,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.05 per share                  |   |         | 10,200,000 |    |   | 10,200       |   |         | 480,800     |   |        | 19,000  |   |          |   | - |   |   |   | 510,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2009                        |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (520,690 | ) |   |   | (520,690 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, June 30, 2009                                           |   |         | 36,051,877 |    |   | 36,052       |   |         | 9,852,877   |   |        | 19,000  |   |          |   | (9,550,016 | ) |   |   | 357,913 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for stock subscription payable               |   |         | 380,000    |    |   | 380          |   |         | 18,620      |   |        | (19,000 | )      |          |   | - |   |   |   | - |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.05 per share                  |   |         | 600,000    |    |   | 600          |   |         | 29,400      |   |        | -       |   |          |   | - |   |   |   | 30,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for exercised options at $0.10 per share     |   |         | 2,250,000  |    |   | 2,250        |   |         | 222,750     |   |        | -       |   |          |   | - |   |   |   | 225,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for services at $0.17 per shared             |   |         | 225,000    |    |   | 225          |   |         | 38,025      |   |        | -       |   |          |   | - |   |   |   | 38,250 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Fair value of warrants issued for services                       |   |         | -          |    |   | -            |   |         | 230,000     |   |        | -       |   |          |   | - |   |   |   | 230,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2010                        |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (863,858 | ) |   |   | (863,858 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, June 30, 2010                                           |   |         | 39,506,877 |    |   | 39,507       |   |         | 10,391,672  |   |        | -       |   |          |   | (10,413,874 | ) |   |   | 17,305 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock issued for services at $0.19 per shared (unaudited) |   |         | 1,150,000  |    |   | 1,150        |   |         | 220,850     |   |        | -       |   |          |   | - |   |   |   | 222,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Common stock and warrants issued for cash (unaudited)            |   |         | 3,000,000  |    |   | 3,000        |   |         | 297,000     |   |        | -       |   |          |   | - |   |   |   | 300,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Warrants exercised for cash at $0.10 per share (unaudited)       |   |         | 550,000    |    |   | 550          |   |         | 54,450      |   |        | -       |   |          |   | - |   |   |   | 55,000 |   |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Net loss for the nine months ended March 31, 2011 (unaudited)    |   |         | -          |    |   | -            |   |         | -           |   |        | -       |   |          |   | (533,432 | ) |   |   | (533,432 | ) |
|                                                             |   |         |       |    |   |         |   |         |        |   |        |    |   |          |   |   |   |   |   |   |   |
| Balance, March 31, 2011 (unaudited)                              |   |         | 44,206,877 |    | $      | 44,207       |   | $            | 10,963,972  |   | $           | -       |   |          | $      | (10,947,306 | ) |   | $ | 60,873 |   |

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Table of Contents

IVANY NGUYEN, INC.

|                                                                        |   |                      |     |   |      |   |     | From Inception |   |
|-----------------------------------------------------------------------------|--------|---------------------------|----------|--------|-----------|--------|----------|----------------|--------|
|                                                                        |   | For the Nine Months Ended |     |   | Through   |   |
|                                                                        |   | March 31,                 |     |   | March 31, |   |
|                                                                        |   | 2011                      |     |   | 2010      |   |     | 2011           |   |
| OPERATING ACTIVITIES                                                        |   |                      |     |   |      |   |     |           |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |
| Net loss                                                                    |   | $                         | (533,432 | )      |      | $      | (480,211 | )              |   | $ | (10,947,306 | ) |
| Adjustments to reconcile net loss to net cash used by operating activities: |   |                      |     |   |      |   |     |           |   |   |   |   |
| Discountinued operations                                                    |   |                      | -        |   |      |   | -        |           |   |   | 6,215,341 |   |
| Value of options granted                                                    |   |                      | -        |   |      |   | -        |           |   |   | 1,758,233 |   |
| Common stock issued for services                                            |   |                      | 177,419  |   |      |   | -        |           |   |   | 488,669 |   |
| Depreciation                                                                |   |                      | 1,266    |   |      |   | 1,515    |           |   |   | 6,064 |   |
| Impairment of mining properties                                             |   |                      | -        |   |      |   | -        |           |   |   | 545,221 |   |
| Changes in operating assets and liabilities:                                |   |                      |     |   |      |   |     |           |   |   |   |   |
| Change in accounts payable                                                  |   |                      | 5,173    |   |      |   | 18,577   |           |   |   | 58,595 |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| Net Cash Used in Operating Activities                                       |   |                      | (349,574 | )      |      |   | (460,119 | )              |   |   | (1,875,183 | ) |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| INVESTING ACTIVITIES                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| Purchase of mineral properties                                              |   |                      | -        |   |      |   | -        |           |   |   | (447,113 | ) |
| Purchase of computer equipment                                              |   |                      | -        |   |      |   | -        |           |   |   | (6,064 | ) |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| Net Cash Used in Investing Activities                                       |   |                      | -        |   |      |   | -        |           |   |   | (453,177 | ) |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| FINANCING ACTIVITIES                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| Proceeds from common stock                                                  |   |                      | 355,000  |   |      |   | 245,000  |           |   |   | 2,403,247 |   |
| Repayment of notes payable                                                  |   |                      | -        |   |      |   | (47,357  | )              |   |   | (40,247 | ) |
| Proceeds from notes payable                                                 |   |                      | -        |   |      |   | -        |           |   |   | 40,247 |   |
| Repayment to shareholder                                                    |   |                      | -        |   |      |   | -        |           |   |   | (160,962 | ) |
| Borrowings from shareholder                                                 |   |                      | -        |   |      |   | 374      |           |   |   | 160,962 |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| Net Cash Provided by Financing Activities                                   |   |                      | 355,000  |   |      |   | 198,017  |           |   |   | 2,403,247 |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                             |   |                      | 5,426    |   |      |   | (262,102 | )              |   |   | 74,887 |   |
| CASH AT BEGINNING OF PERIOD                                                 |   |                      | 69,461   |   |      |   | 455,263  |           |   |   | - |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| CASH AT END OF PERIOD                                                       |   | $                         | 74,887   |   |      | $      | 193,161  |           |   | $ | 74,887 |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                           |   |                      |     |   |      |   |     |           |   |   |   |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| CASH PAID FOR:                                                              |   |                      |     |   |      |   |     |           |   |   |   |   |
| Interest                                                                    |   | $                         | -        |   |      | $      | -        |           |   | $ | - |   |
| Income Taxes                                                                |   | $                         | -        |   |      | $      | -        |           |   | $ | - |   |
|                                                                        |   |                      |     |   |      |   |     |           |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                              |   |                      |     |   |      |   |     |           |   |   |   |   |
| Common stock issued for mineral properties                                  |   | $                         | -        |   |      | $      | -        |           |   | $ | 98,108 |   |
| Common stock issued for prepaid expenses                                    |   |                      | 72,000   |   |      |   | -        |           |   |   | 72,000 |   |

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IVANY NGUYEN, INC.

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|                        |   |    |       |   | Weighted |   |   |      |   |
|-----------------------------|--------|---------|------------|--------|----------|--------|--------|-----------|--------|
|                        |   | Number  |       |   | Average  |   |   | Value     |   |
|                        |   | Of      |       |   | Exercise |   |   | if        |   |
|                        |   | Options |       |   | Price    |   |   | Exercised |   |
| Outstanding, June 30, 2007  |   |    | -          |   |     | $      | -      |      |   | $ | - |   |
| Granted                     |   |    | 2,500,000  |   |     |   | 0.10   |      |   |   | 250,000 |   |
| Exercised                   |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Cancelled                   |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Outstanding, June 30, 2008  |   |    | 2,500,000  |   |     |   | 0.10   |      |   |   | 250,000 |   |
| Exercisable, June 30, 2008  |   |    | 2,500,000  |   |     |   | 0.10   |      |   |   | 250,000 |   |
|                        |   |    |       |   |     |   |   |      |   |   |   |   |
| Granted                     |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Exercised                   |   |    | 100,000    |   |     |   | 0.01   |      |   |   | 500 |   |
| Cancelled                   |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Outstanding, June 30, 2009  |   |    | 2,400,000  |   |     |   | 0.10   |      |   |   | 250,500 |   |
| Exercisable, June 30, 2009  |   |    | 2,400,000  |   |     |   | 0.10   |      |   |   | 250,500 |   |
|                        |   |    |       |   |     |   |   |      |   |   |   |   |
| Granted                     |   |    | 1,000,000  |   |     |   | 0.20   |      |   |   | 200,000 |   |
| Exercised                   |   |    | (2,250,000 | )      |     |   | 0.10   |      |   |   | (225,000 | ) |
| Cancelled                   |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Outstanding, June 30, 2010  |   |    | 1,150,000  |   |     |   | 0.20   |      |   |   | 225,500 |   |
| Exercisable, June 30, 2010  |   |    | 1,150,000  |   |     |   | 0.20   |      |   |   | 225,500 |   |
|                        |   |    |       |   |     |   |   |      |   |   |   |   |
| Granted                     |   |    | 3,000,000  |   |     |   | 0.15   |      |   |   | 450,000 |   |
| Exercised                   |   |    | (550,000   | )      |     |   | 0.10   |      |   |   | (55,000 | ) |
| Cancelled                   |   |    | -          |   |     |   | -      |      |   |   | - |   |
| Outstanding, March 31, 2011 |   |    | 3,600,000  |   |     | $      | 0.17   |      |   | $ | 620,500 |   |
| Exercisable, March 31, 2011 |   |    | 3,600,000  |   |     | $      | 0.17   |      |   | $ | 620,500 |   |

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

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| Phase 1 Cost Estimates                 |        |
|----------------------------------------|-------------|
| Concrete Slab                          | $12,500.00  |
| Electrical Panel & Grid Connection | $13,500.00  |
| Agricultural Building                  | $65,000.00  |
| Chipper & Conveyor Line            | $75,000.00  |
| Skewer Lines                           | $15,000.00  |
| Bailing Machine                        | $3,500.00   |
| Labour                                 | $8,000.00   |
| Office                                 | $10,000.00  |
| Green-House                            | $3,500.00   |
| Equipment & Supplies               | $4,000.00   |
|                                   |        |
| Total:                                 | $210,000.00 |

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

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Item 4. Controls and Procedures

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Item 1. Legal Proceedings

Item 1A: Risk Factors

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 3. Defaults upon Senior Securities

Item 4. Removed and Reserved

Item 5. Other Information

Item 6. Exhibits

| Exhibit Number | Description of Exhibit                                                                                                                                                        |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 31.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |
| 32.1           | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

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|   | Ivany Nguyen, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Date:  | May 16, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | By:       /s/ Derek Ivany                                                                            Derek IvanyTitle:    Chief Executive Officer, Principal Executive Officer and Director |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Date:  | May 16, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | By:       /s/ Victor Cantore                                                                          Victor CantoreTitle:    Chief Financial Officer, Principal Accounting Officer and Director      |