**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      DC 20549





**FORM
      10-QSB**





[X]
            Quarterly
                Report pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934For
                the quarterly period endedSeptember
                30, 2007[
                ]
            Transition
                Report pursuant to 13 or 15(d) of the Securities Exchange Act of
                1934For
                the transition periodto__________Commission
                File Number:000-27645





Ivany
      Mining Inc.


(Exact
      name of small business issuer as specified in its charter)






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







8720
                A Rue Du Frost , St. Leonard, Quebec, Canada H1P
                2Z5(Address
                of principal executive offices)





514-325-4567(Issuer’s
                telephone number)_______________________________________________________________(Former
                name, former address and former fiscal year, if changed since last
                report)





Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
      (or
      for such shorter period that the issuer was required to file such reports),
      and
      (2) has been subject to such filing requirements for the past 90 days [X] Yes
      [
      ] No





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). [X] Yes [ ] No





State
      the
      number of shares outstanding of each of the issuer’s classes of common stock, as
      of the latest practicable date: 20,396,032 common shares as of November 8,
      2007.





Transitional
      Small Business Disclosure Format (check one): Yes [ ] No [X]




Table
          of Contents


TABLE
                OF CONTENTS
            PagePART
                I - FINANCIAL INFORMATIONItem
                1.
            Financial
                Statements
            3Item
                2.
            Management’s
                Discussion and Analysis or Plan of
                Operation
            4Item
                3.
            Controls
                and Procedures
            16PART
                II - OTHER INFORMATIONItem
                1.
            Legal
                Proceedings
            17Item
                2.
            Unregistered
                Sales of Equity Securities and Use of
                Proceeds
            17Item
                3.
            Defaults
                Upon Senior Securities
            17Item
                4.
            Submission
                of Matters to a Vote of Security
                Holders
            17Item
                5.
            Other
                Information
            17Item
                6.
            Exhibits
            17


Table
          of Contents


**PART
      I - FINANCIAL INFORMATION**





**Item
      1.****Financial
      Statements**





Our
                unaudited financial statements included in this Form 10-QSB are as
                follows:F-1
            Balance
                Sheet as of September 30, 2007;F-2
            Statements
                of Operations for the three months ended September 30,
                2007 and 2006;F-3
            Statements
                of Cash Flows for the three months ended September
                30, 2007 and 2006;F-4
            Notes
                to Financial
                Statements;





These
      unaudited financial statements have been prepared in accordance with accounting
      principles generally accepted in the United States of America for interim
      financial information and the SEC instructions to Form 10-QSB. In the opinion
      of
      management, all adjustments considered necessary for a fair presentation have
      been included. Operating results for the interim period ended September 30,
      2007
      are not necessarily indicative of the results that can be expected for the
      full
      year.


3
 Table
          of Contents


**IVANY
      MINING, INC.**


(A
          Development Stage Company) Balance
            Sheets


ASSETSSeptember
                    30,
                  2007
                
                June
                    30,
                  2007(Unaudited)CURRENT
                    ASSETSCash
                $
                3,647
                
                $
                -Total
                    Current Assets
                
                3,647
                
                
                -OTHER
                    ASSETSMineral
                    properties
                
                23,108
                
                
                -TOTAL
                    ASSETS
                $
                26,755
                
                $
                -LIABILITIES
                    AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
                    LIABILITIESAccounts
                    payable
                $
                34,933
                
                $
                33,482Loans
                    payable
                
                40,247
                
                
                40,247Loans
                    due to shareholder
                
                167,917
                
                
                108,834Total
                    Current Liabilities
                
                243,097
                
                
                182,563STOCKHOLDERS'
                    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,
                        20,246,032
                      and
                          246,032 shares issued and outstanding,
                          respectively
                
                20,246
                
                
                246Additional
                    paid-in capital
                
                6,218,203
                
                
                6,215,095Accumulated
                    deficit
                
                (6,454,791)
                
                
                (6,397,904)Total
                    Stockholders' Equity (Deficit)
                
                (216,342)
                
                
                (182,563)TOTAL
                    LIABILITIES AND STOCKHOLDERS'EQUITY
                    (DEFICIT)
                $
                26,755
                
                $
                -
 The
        accompanying notes are an integral part of these financial
        statements.


F-1
 Table
          of Contents


**IVANY
        MINING, INC.**
 (A
        Development Stage Company)
 Statements
        of Operations
 (Unaudited)
  For
                    the Three Months Ended
                  September
                    30,
                
                From
                    Inception
                  Through
                  September
                      30,2007
                
                2006
                
                2007REVENUES
                $
                -
                
                $
                -
                
                $
                -EXPENSESGeneral
                    and administrative
                
                56,887
                
                
                -
                
                
                56,887Total
                    Expenses
                
                56,887
                
                
                -
                
                
                56,887LOSS
                    FROM OPERATIONS
                
                (56,887)
                
                
                -
                
                
                (56,887)DISCONTINUED
                    OPERATIONS
                
                -
                
                
                4,406
                
                
                6,397,904NET
                    LOSS
                $
                (56,887)
                
                $
                (4,406)
                
                $
                (6,454,791)BASIC
                    LOSS PER SHARE
                $
                (0.01)
                
                $
                (0.02)WEIGHTED
                      AVERAGENUMBER OF SHARES OUTSTANDING
                
                10,246,032
                
                
                246,032


The
      accompanying notes are an integral part of these financial
      statements.




F-2
 Table
          of Contents


**IVANY
        MINING, INC.**


(A
        Development Stage Company)
 Statements
        of Cash Flows
 (unaudited)
  For
                      the Three Months Ended
                    September
                      30,
                  
                  From
                          Inception
                        Through
                        September2007
                  
                  2006
                  
                  2007CASH
                    FLOWS FROM OPERATING ACTIVITIESNet
                      loss
                  $
                  (56,887)
                  
                  $
                  (4,406)
                  
                  $
                  (6,454,791)Discountinued
                      operations
                  
                  -
                  
                  
                  4,406
                  
                  
                  6,215,341Adjustments
                      to reconcile net loss to net cash used
                      by operating activities:Changes
                      in operating assets and liabilities:Change
                      in accounts payable
                  
                  1,451
                  
                  
                  -
                  
                  
                  34,933Net
                    Cash Used by Operating Activities
                  
                  (55,436)
                  
                  
                  -
                  
                  
                  (204,517)CASH
                          FLOWS FROM FINANCING ACTIVITIESBorrowings
                      of notes payable
                  
                  -
                  
                  
                  -
                  
                  
                  40,247Borrowings
                      from shareholder
                  
                  59,083
                  
                  
                  -
                  
                  
                  167,917Net
                    Cash Use by Operating Activities
                  
                  59,083
                  
                  
                  -
                  
                  
                  208,164NET
                      DECREASE IN CASH
                  
                  3,647
                  
                  
                  -
                  
                  
                  3,647CASH
                      AT BEGINNING OF PERIOD
                  
                  -
                  
                  
                  -
                  
                  
                  -CASH
                      AT END OF PERIOD
                  $
                  3,647
                  
                  $
                  -
                  
                  $
                  3,647SUPPLIMENTAL
                      DISCLOSURES OF CASH
                      FLOW INFORMATIONCASH
                      PAID FOR:Interest
                  $
                  -
                  
                  $
                  -
                  
                  $
                  -Income
                      Taxes
                  $
                  -
                  
                  $
                  -
                  
                  $
                  -NON
                      CASH FINANCING ACTIVITIES:Common
                      stock issued for mineral properties
                  $
                  23,108
                  
                  $
                  -
                  
                  $
                  23,108


The
      accompanying notes are an integral part of these financial
      statements.




F-3
 Table
          of Contents


**IVANY
        MINING, INC.**
 Notes
        to the Condensed Financial Statements
 September
        30, 2007 and June 30, 2007




****NOTE
        1 **-**  CONDENSED
        FINANCIAL STATEMENTS
 
 The
        accompanying financial statements have been prepared by the Company without
        audit. In the opinion of management, all adjustments (which include only
        normal
        recurring adjustments) necessary to present fairly the financial position,
        results of operations, and cash flows at September 30, 2007, and for all
        periods
        presented herein, have been made.
 
 Certain
        information and footnote disclosures normally included in financial statements
        prepared in accordance with accounting principles generally accepted in the
        United States of America have been condensed or omitted. It is suggested
        that
        these condensed financial statements be read in conjunction with the financial
        statements and notes thereto included in the Company’s June 30, 2007 audited
        financial statements. The results of operations for the periods ended September
        30, 2007 and 2006 are not necessarily indicative of the operating results
        for
        the full years.
 
 NOTE  
        2 -  GOING
        CONCERN
 
 The
        Company’s financial statements are prepared using generally accepted accounting
        principles in the United States of America applicable to a going concern
        which
        contemplates the realization of assets and liquidation of liabilities in
        the
        normal course of business. The Company has not yet established an ongoing
        source
        of revenues sufficient to cover its operating costs and allow it to continue
        as
        a going concern. The ability of the Company to continue as a going concern
        is
        dependent on the Company obtaining adequate capital to fund operating losses
        until it becomes profitable. If the Company is unable to obtain adequate
        capital, it could be forced to cease operations.
 
 In
        order
        to continue as a going concern, the Company will need, among other things,
        additional capital resources. Management’s plan is to obtain such resources for
        the Company by obtaining capital from management and significant shareholders
        sufficient to meet its minimal operating expenses and seeking equity and/or
        debt
        financing. However management cannot provide any assurances that the Company
        will be successful in accomplishing any of its plans.
 
 The
        ability of the Company to continue as a going concern is dependent upon its
        ability to successfully accomplish the plans described in the preceding
        paragraph and eventually secure other sources of financing and attain profitable
        operations. The accompanying financial statements do not include any adjustments
        that might be necessary if the Company is unable to continue as a going
        concern.
  F-4
 Table
            of Contents
 **IVANY
          MINING, INC.**
 Notes
          to
          the Condensed Financial Statements
 September
          30, 2007 and June 30, 2007
  ****NOTE
        3 -  SIGNIFICANT
        TRANSACTIONS
 
 During
        the period ended September 30, 2007, the Company purchased 3 mineral properties
        for 20,000,000 shares of its common stock. The properties were recorded at
        the
        predecessor cost of $23,108.
 
 The
        Company has entered into an agreement to purchase mineral properties for
        $20,000
        due in November 2007. The Company has also agreed to purchase another mineral
        property for $100,000 due in October 2007 with 150,000 shares of the Company’s
        common stock.


F-5
 Table
          of Contents




**Item
      2.     Management’s Discussion and Analysis
      or Plan of Operation**





**Forward-Looking
      Statements**





Certain
      statements, other than purely historical information, including estimates,
      projections, statements relating to our business plans, objectives, and expected
      operating results, and the assumptions upon which those statements are based,
      are “forward-looking statements” within the meaning of the Private Securities
      Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
      and Section 21E of the Securities Exchange Act of 1934. These
      forward-looking statements generally are identified by the words “believes,”
“project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,”
“may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and
      similar expressions. We
      intend
      such forward-looking statements to be covered by the safe-harbor provisions
      for
      forward-looking statements contained in the Private Securities Litigation Reform
      Act of 1995, and are including this statement for purposes of complying with
      those safe-harbor provisions. Forward-looking
      statements are based on current expectations and assumptions that are subject
      to
      risks and uncertainties which may cause actual results to differ materially
      from
      the forward-looking statements. Our
      ability to predict results or the actual effect of future plans or strategies
      is
      inherently uncertain. Factors which could have a material adverse affect on
      our
      operations and future prospects on a consolidated basis include, but are not
      limited to: changes in economic conditions, legislative/regulatory changes,
      availability of capital, interest rates, competition, and generally accepted
      accounting principles. These risks and uncertainties should also be considered
      in evaluating forward-looking statements and undue reliance should not be placed
      on such statements. We
      undertake no obligation to update or revise publicly any forward-looking
      statements, whether as a result of new information, future events or otherwise. Further
      information concerning our business, including additional factors that could
      materially affect our financial results, is included herein and in our other
      filings with the SEC.





**Description
      of Business**





We
      are in
      the business of mineral exploration and development. We have recently acquired
      or entered into agreements to acquire several mineral claims in the provinces
      and Quebec and Alberta, Canada. Our plan is to attempt to identify and pursue
      opportunities for the acquisition and development of mining properties in Canada
      and around the world.





We
      are
      focused on the strategic acquisition and development of uranium, diamond, base
      metals, and precious metal properties on a worldwide basis. Our long-term
      objective is to become a sustainable mid-tier base & precious metal producer
      in Canada & Cambodia, to the benefit of all stakeholders, in a socially and
      environmentally responsible manner. Our overall strategy is to rapidly advance
      our recently acquired/optioned base & precious metal exploration properties.





Exploration
      of our mineral claims is required before a final determination as to their
      viability can be made. The existence of commercially exploitable mineral
      deposits in our mineral claims is unknown at the present time and we will not
      be
      able to ascertain such information until we receive and evaluate the results
      of
      our exploration programs.





4
 Table
          of Contents




**Zama
      Lake Pb-Zn Property**





**Acquisition
      of Property**





On
      September 11, 2007, we entered into a Letter of Intent Purchase Agreement (the
      “Purchase Agreement”) with Star Uranium Corp. (“Star Uranium”). Under the terms
      of the Purchase Agreement, Star Uranium has agreed to transfer to us ten mining
      claims located in the Zama Lake area of northern Alberta, Canada. Under the
      Purchase Agreement, we must pay Star Uranium a purchase price of $100,000CDN
      on
      or before October 31, 2007. Also, we will be required to deliver to Star Uranium
      150,000 shares of our common stock as additional consideration for the purchased
      mining claims. The mining claims transferred under the Purchase Agreement cover
      a total of approximately 92,160 hectares.





Under
      the
      Purchase Agreement, we have also agreed to invest certain minimum amounts in
      the
      development of the mineral properties. Subject to any negotiated adjustments
      which may be made by the parties based on future geological evaluation, we
      are
      required to spend a minimum of $400,000CDN toward exploration of the properties
      before May 16, 2008 and an additional $1,000,000CDN toward exploration and
      development before May 16, 2010.





Star
      Uranium has retained a 2% smelter royalty on the properties and has retained
      all
      diamond rights. We have the option to buy-down the retained net smelter royalty
      to 1% by making an additional payment of $1,000,000CDN to Star Uranium at any
      time. The Purchase Agreement, which is in the form of a short Letter of Intent,
      may be replaced by a more formal agreement if deemed necessary by the
      parties.





On
      September 12, 2007, we acquired additional claims in Alberta under an Alberta
      Mining Claims Purchase Agreement (the “Purchase Agreement”) with Derek Ivany and
      Royal Atlantis Group, Inc. (“Royal Atlantis”). Under the terms of the Purchase
      Agreement, Mr. Ivany and Royal Atlantis have transferred to us a total of six
      mining claims located in the province of Alberta, Canada.





In
      exchange for the mining claims transferred to us under the Purchase Agreement,
      we are required to pay a total of $20,000 ($10,000 each) to Mr. Ivany and Royal
      Atlantis on or before November 15, 2007.





In
      2007,
      Ivany Mining Inc. hired Paul A. Hawkins & Associates Ltd. an independent
      geological services firm to further analyze and complete a National Instrument
      43-101 compliance form on the property. The report covers the property optioned
      from Star Uranium and outlines a detailed exploration program that the company
      is anxious to begin this year.





**Description
      and Location of the Zama Lake Property**





The
      Zama
      Lake Pb-Zn property consists of ten metallic mineral permits covering 92,160
      hectares (227,732.3 acres) located 700 km north northwest of Edmonton Alberta.
      The property is a grass roots Pb-Zn Play staked as the result of the discovery
      of anomalous sphalerite and galena grains




5
 Table
          of Contents




found
      in
      till samples collected during diamond exploration. The property area is forested
      and hosts parts of the Zama Lake Oil and Gas field. Zama Lake and Zama City
      are
      oil industry support bases and are located within the property.





The
      Zama
      Lake Pb-Zn consists of ten metallic mineral permits covering 92,160 hectares
      (227,732.3 acres) located 700 km north northwest of Edmonton Alberta. The
      property is a grass roots Pb-Zn Play staked as the result of the discovery
      of
      anomalous sphalerite and galena grains found in till samples collected during
      diamond exploration. The property area is forested and hosts parts of the Zama
      Lake Oil and Gas field. Zama Lake and Zama City are oil industry support bases
      and are located within the property. The First Nation Dene Tha’
(Assumption-Habay-Chateh) settlement exists to the south of the property.





**Exploration
      Potential**





The
      presence of anomalous concentrations of sphalerite and galena in the coarse
      sand
      fraction of till from the Zama Lake area suggests the possible presence of
      proximal Pb-Zn mineralization. Given the area geology, this mineralization
      may
      be either Sedex mineralization in the underlying shale or MVT mineralization
      in
      the deeper carbonates.





Northern
      Alberta hosts a thick sequence of shale, which is cut by the Great Slave Shear
      Zone which extends southwest from the Pine Point area into the Zama Lake /
      Rainbow Lake area. Core studies of Keg River carbonate in the area show
      dolomitization, brecciation, and the presence of cements containing fluorite,
      chalcopyrite, sphalerite, and / or galena, which are indicative of hydrothermal
      activity in the immediate region. This hydrothermal activity is likely present
      because the association of higher temperature saddle dolomite with epigenetic
      lead and zinc mineralization, hydrocarbons, and sulfate-rich carbonate proximal
      to major basement faults. The discovery of significant concentrations of Zn
      and
      Pb in modern saline formation waters emanating from Middle Devonian Keg River
      Formation in northern Alberta suggests a possible ore-source in the area that
      has not yet been discovered (Hitchon, 1993).




Throughout
      northern Alberta and southern Northwest Territories, numerous and extensive
      thick carbonate successions occur in the cratonic platform wedge of strata
      within the Western Canadian Sedimentary Basin. These same rocks host the Pine
      Point MVT mineralization. No Sedex deposits have been found in Cenozoic or
      Mesozoic age rocks but there is a clear association and close genetic link
      between deposit types. Potential exists for both types of deposit in the Zama
      Lake area.





The
      exploration potential of the Zama Lake Pb-Zn property lies in the recognition
      that the discovery of sphalerite, galena, barite grains in heavy mineral
      concentrates are being indicative of the metal bearing hydrothermal fluids
      ascending through a sedimentary package which hosts carbonates and shale where
      they could have deposited economic Pb-Zn deposits. Previous to this, sphalerite
      and galena occurrences were known in the Devonian carbonate rocks in oil wells
      in northern Alberta. High levels of metals were also found in saline formation
      waters in Devonian Keg River Formation. Both the federal (GSC) and provincial
      (AGS) geological surveys have been promoting the Pb-Zn conceptual potential
      of
      the Western Canadian Sedimentary Basin for several years (Rice, 2001; Hannigan,
      2002; Hannigan et al., 2003). Previous analyses of




6
 Table
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Devonian
      formation waters in Northern Alberta show these waters to be Pb-rich and are
      thus not related to Pine Point because the deposit is Zn-rich. Recent analysis
      shows that Zn values are in an order of magnitude greater than Pb (Hannigan
      et
      al., 2003). Lead isotope dating of the Pine Point deposits is 290 Ma (290
      million years ago or Late Pennsylvanian age). The metal-bearing fluids
      responsible for Pine Point are much older and likely different than modern
      formation waters. Modern formation waters are likely driven by a Laramide
      deformation event within the Cretaceous. This would make the whole sedimentary
      package prospective for Pb-Zn deposition.





The
      presence of the classical Pb - Zn - Mo anomalous geochemistry on a regional
      basis in the surficial environment in the clay silt fraction of till within
      the
      Zama Lake area indicates proximal source and not a far traveled transported
      anomaly. This potential has only recently been recognized. The structural
      setting of the Zama Lake Area along parallel structures to the MacDonald -
      Great
      Slave Fault northeast-southwest system and cross cutting northwest-southwest
      structures is similar in setting to the Pine Point Area. Most of these
      structures are basement features, which have been reactivated over time and
      penetrate nearly the full sedimentary package. These structures are likely
      one
      of the major controls localizing mineralization.





Exploration
      on the Zama Lake property consisting of till sampling, examination of indicator
      mineral concentrates and silt geochemistry indicates the likely proximal
      presence of Pb-Zn mineralization near surface. The best potential likely exists
      along structural breaks (faults), collapse structures, porous zones (tuffs),
      and
      proximal or up dip of petroleum zones. This potential likely exists beyond
      the
      carbonates at depth and into the shale. Further work is required to evaluate
      this grass-roots Pb-Zn property of merit.





**Geological
      Exploration Program in General and Recommendations From Our Consulting
      Geologist**





We
      have
      obtained an independent Technical Report on the Zama Lake property from Paul
      A.
      Hawkins, P.Eng. Mr. Hawkins prepared the Technical Report and reviewed all
      available exploration data completed on these mineral claims.





The
      property that is the subject of the Zama Lake property is undeveloped and does
      not contain any open-pit or underground mines which can be rehabilitated. There
      is no commercial production plant or equipment located on the property that
      is
      the subject of the mineral claim. We have not yet commenced the field work
      phase
      of our initial exploration program. Exploration is currently in the planning
      stages. Our exploration program is exploratory in nature and there is no
      assurance that mineral reserves will be found.





In
      order
      to further evaluate the potential of the Zama Lake property, our consulting
      geologist has recommended a two-phase exploration program.




7
 Table
          of Contents




Phase
      I





Sub-surface
      data should be compiled from select wells on the property to compile the shallow
      stratigraphy from well logs. Any structural information from the logs would
      also
      be valuable. Bedrock topography would also be important to avoid areas of deep
      overburden. This information can likely be acquired at a minimum cost.





Further,
      more extensive bulk till and silt geochemical sampling should be untaken at
      a
      higher density using ATV for better access into more remote and wetter areas
      where summer access does not exist. Coverage of silt geochemistry sampling
      should be expanded beyond that of addition bulk till sampling. Orientation
      studies should also be undertaken to define variation with depth and lateral
      variation within burrow pits near current anomalous areas. Increasing bulk
      till
      sample size should also be evaluated. Data from GSC / AGS multi-element sampling
      should be fully integrated into a single database.





Isotopic
      age dating of the sulfide indicator minerals recovered is warranted to date
      the
      age of the mineralization. The age date for mineralization at Pine Point is
      290
      million years ago. The age date for mineral at Zama Lake in the subsurface
      within Devonian carbonates is of a similar age. Mineralization near surface
      may
      relate to the Laramide Orogeny 47 ±10 Ma (million years ago). This Laramide
      Orogeny likely deforms rocks up and including Cretaceous age rock. If the age
      dates are much younger than the old lead dates for Pine Point, the potential
      for
      the play increases significantly. Several of the grains should have their
      isotopic composition determined.





Processing
      of aeromagnetic data should be completed and targets selected for ground
      follow-up. Follow-up ground geophysics should likely initially consist of ground
      magnetometer, VLF-EM, HLEM and selected induced polarization (IP) surveys.
      The
      best suite of surveys should be determined given the local ground conditions
      and
      overburden thickness. It will likely be possible in some cases to use
      pre-existing grid lines from seismic surveys. Further airborne EM with
      preliminary drill targets by late fall. Total cost for the Phase I program
      is
      estimated at $400,000.





Phase
      II





The
      recommended Phase II program is largely a winter drilling program because of
      access issues. A suite of ground geophysics would delineate drill targets.
      Drilling would then be conducted on defined targets within 152.4 m (500 ft)
      of
      surface. Where possible, surface access would be gained by using pre-existing
      winter roads. Operations would likely be based out of one of Zama City’s open
      camps. Special care would be required in areas of shallow natural gas. The
      special care procedures would not be cost prohibitive but include extra training
      of crews, spark arrestor on diesel engines and gas deflector on casings. The
      drilling component of the Phase II program budget is contingent on the
      delineation of suitable drill targets. A phase II budget of $1,000,000 is
      recommended.




8
 Table
          of Contents




**Exploration
      Budget**




**Phase
                I - Summer / Early Fall**Well
                Log Data Compilation
            $
            25,000Heavy
                Mineral Sampling
            $
            25,000Laboratory
                & Isotopic Analysis
            $
            35,000Ground
                Geophysics (IP, EM and Mag)
            $
            265,000Project
                Management and Reporting
            $
            50,000**Phase
                I Total**
            $
            **400,000**
            
            **$**
            **400,000****Phase
                II -- Winter**Ground
                Geophysics (IP, EM and Mag)
            $
            200,000Diamond
                Drilling (3000 m.)
            $
            750,000Project
                Management and Reporting
            $
            50,000**Sub-total=**
            $
            **1,000,000**
            
            **$**
            **1,000,000****Project
                Total=**
            $
            **1,400,000**




**Quebec
      Properties**





We
      have
      also acquired a 100% interest in two large sets of mineral claims in the
      province of Quebec, Canada. We have not yet commissioned geological or technical
      reports on these properties and can give no data or other assurances regarding
      their value or exploration potential at this time. We plan to obtain independent
      reports regarding these properties in the near future. The following is a brief
      description of the Quebec properties our plans for conducting initial surveying
      and sampling on these claims:





**Temiscamingue
      property**





The
      Temiscamingue property is located approximately 40 kilometers east of the town
      of Ville Marie and 100 kilometers south of Rouyn Noranda, halfway between the
      Elliott Lake Uranium camp in Ontario and the Abitibi Gold Belt, within the
      Grenville Province Front. The project is accessible via logging roads.
      Government regional stream sediment survey have identified many anomalies in
      the
      area. Property is strategically located between the claims of Superior Diamonds
      (adjacent to the north) where new kimberlites have recently been discovered
      and
      the property of




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Aurizon
      Mines (adjacent to the south) which has reported as much as 100 grams of gold
      per ton during till sampling with the objective of identifying the gold
      dispersion trains previously outlined. Ivany Mining has acquired a 100%
      undivided interest of 24928.68 acres in this mineral rich Temiscamingue region.





Regional
      Geology





The
      Superior Province is the largest Archean craton in the world, half of which
      is
      located in Québec. This craton is a highly prospective region for kimberlite
      exploration, meeting all four criteria for hosting economic grades of
      diamond-bearing kimberlite: 1) the presence of an Archean craton; 2) the
      refractive, relatively cool and low-density peridotitic root of the craton
      has
      been insulated against reheating and excessive tectonic reworking; 3) the
      presence of major tectonic structures; and 4) association of diamonds with
      other
      intrusive rocks. Four kimberlite fields have been identified in Québec, the
      Temiscamingue Field being one of these.





Local
      Geology





The
      Property over thrusts 2 geological structural provinces, intruded by
      granite-granodiorite-mafic and ultramafic rocks all faulted and sheared. Fault
      sets and lineaments intersect the Structural Thrust Front. It is on the
      Central-median ridge of the “Temiscamingue Lake Rift” and on the strike of many
      Diamond Kimberlite occurrences.





Stream
      sediment geochemistry points to strong anomalies for Nickel, Uranium, and Rare
      Earths Elements along with good gold potential and many circular shape magnetic
      anomalies to be tested for their Kimberlitic potential.





Surveying
      and Sampling Budget





A
      two-phase exploration program is planned to evaluate the property in the
      Temiscamingue Area of Quebec.  These programs involve the compilation of
      pre-existing data from the Quebec Ministry of Natural Resources and Wildlife
      that should be compiled, to guide to a certain extent specific exploration
      for
      base metal and precious metal mineralization.  An airborne helicopter
      triaxial magnetometer gradiometer survey is recommended to evaluate the
      potential for Kimberlite Indicator Minerals (KIMs).





The
      proposed budget for Temiscamingue in 2008 is CND $600, 000. The program will
      mainly consist of a 100 meter space lined airborne combined survey, Magnetometry
      EM-INPUT and Radiometry, ground follow up, Induced Polarization and
      Scintillometry, geology, stripping, sampling, drilling, and analysis.





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**Phase
      One**





A
      geophysical airborne survey combined with Mag-EM-radiometry spaced at 100
      meters. The forecast cost for 100 square kilometers is approximately $ 140,000
      Canadian dollars.





Till
                sampling and analysis
            CDN$
            
            30
                000Use
                of heavy machinery, clearing, and connection to paths
            CDN$
            
            50
                000Laboratory
                analysis for multi-element samples
            CDN$
            
            15
                000Miscellaneous,
                supervisory, and overhead
            CDN$
            
            30
                000**TOTAL
                PHASE ONE RECOMMENDATION:**
            **CDN$**
            
            **265
                000**





**Phase
      Two**





The
      second phase consists of geophysical ground survey, stripping, channel sampling,
      and analysis,




Followed
                by a drilling campaign.
            CDN$
            
            335
                000TOTAL
                COST FOR PHASE TWO:
            CDN$
            
            335
                000**TOTAL
                COST FOR BOTH PHASES:**
            **CDN$**
            
            **600
                000**





**Mont
      Laurier properties**





Ivany
      Mining owns a 100% interest in a large group of claims situated in the area
      of
      Mont Laurier, Quebec, the property is located less than 200 kilometers northwest
      of Montreal and is easily accessible by both paved and gravel roads. The Mont
      Laurier properties were acquired after Nova Uranium and Strateco Resources
      made
      several discoveries in the area. Ivany Mining has claims adjacent to Strateco
      and Nova uranium in a North/South trend. Previous exploration in the area has
      resulted in many uranium showings including a grab sample showing a result
      of
      over 70lbs/ton of U308. Also, there are estimations of sizeable U308 reserves
      in
      the area, but theses reserves are pre NI-43 101 therefore not compliant. With
      the price of U308 recently climbing to $136 per pound, there has been renewed
      interesting the area. The close proximity to a major metropolitan city makes
      this project very attractive as exploration and mining costs are sharply reduced
      as compared to projects in remote areas.





Regional
      Mineralization





The
      Mont
      Laurier Uranium Exploration Camp area is one of many radioactive districts
      scattered throughout the Grenville Structure Province. Many of the Grenville
      radioactive occurrences (chiefly related to intrusives of granitic composition)
      are found in the southwestern extent of the structural province, extending
      from
      southwest Quebec into eastern Ontario.





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Local
      Mineralization





The
      Property hosts at least 21 historical uranium showings, where syngenetic uranium
      mineralization is found in metamorphic pegmatites and granites. Some of these
      major mineral showings are comprised of a collection of smaller individual
      uranium occurrences.





As
      a
      general rule, syngenetic uranium deposits form as the result of high temperature
      igneous and/or metamorphic differentiation caused by the exclusion of uranium
      (and other radioactive elements) from the crystal structure of most rock-forming
      minerals. This type of uranium deposit is confined to high-grade metamorphic
      terrains, typically occurring within Achaean to early Proterozoic aged basement
      granite gneiss complexes. Deposits are normally associated with major regional
      scale structural faults and/or structures related to the emplacement of
      deep-seated alkaline intrusive bodies. Host rock lithologies are generally
      granitic in composition, occurring as intricate dyke-sill complexes, varying
      in
      texture from aplitic to pegmatitic. Ore minerals typically include finely
      disseminated crystals of uraninite, uranothorite and allanite, with less common
      secondary minerals like, uranophane or pitchblende.





Surveying
      and Sampling Budget





The
      general strategy for the Mont Laurier property will also consist of two phases.
      The first phase will consist of a magnetic and spectometric airborne survey,
      spaced at 100 meters. The survey will be flown at an altitude of 100 to 120
      meters above ground. A photo-geologist will be used to identify distinct
      characteristics in the rocks in order to determine the best drill targets.





Upon
      completion of the survey, we will follow up by conducting ground-geophysics
      in
      order to identify our top-priority anomalies. The initial ground geophysics
      will
      consist of a scientillometry survey, stripping, blasting and sampling. This
      work
      will be followed by a drilling program.





**Phase
      One**





The
                forecasted cost for 68 square kilometers is
            CDN$
            
            90
                000Heavy
                machinery, ground clearing
            CDN$
            
            30
                000Sampling
            CDN$
            
            20
                000Laboratories,
                analysis
            CDN$
            
            12
                000Project
                management
            CDN$
            
            25
                000**TOTAL
                COST FOR PHASE ONE:**
            **CDN$**
            
            **177
                000**





**Phase
      Two**





Diamond
                drilling (1000 meters)
            CDN$
            
            275
                000Total
                cost for both phases:
            CDN$
            
            452,000


**Competition**





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The
      mineral exploration industry, in general, is intensely competitive and even
      if
      commercial quantities of reserves are discovered, a ready market may not exist
      for the sale of the reserves.





Most
      companies operating in this industry are more established and have greater
      resources to engage in the production of mineral claims. We have only recently
      acquired or entered into agreements to acquire our mineral claims and our
      operations are not well-established. Our resources at the present time are
      limited. We may exhaust all of our resources and be unable to complete full
      exploration of the Zama Lake mineral claims or our other properties. There
      is
      also significant competition to retain qualified personnel to assist in
      conducting mineral exploration activities. If a commercially viable deposit
      is
      found to exist and we are unable to retain additional qualified personnel,
      we
      may be unable to enter into production and achieve profitable operations. These
      factors set forth above could inhibit our ability to compete with other
      companies in the industry and entered into production of the mineral claim
      if a
      commercial viable deposit is found to exist.





Numerous
      factors beyond our control may affect the marketability of any substances
      discovered. These factors include market fluctuations, the proximity and
      capacity of natural resource markets and processing equipment, government
      regulations, including regulations relating to prices, taxes, royalties, land
      tenure, land use, importing and exporting of minerals and environmental
      protection. The exact effect of these factors cannot be accurately predicted,
      but the combination of these factors may result our not receiving an adequate
      return on invested capital.





**Plan
      of Operations**





Our
      immediate business plan is to proceed with the exploration of the Zama Lake
      mineral claims to determine whether there are commercially exploitable reserves
      of lead, zinc or other metals. We intend to proceed with the initial exploration
      program as recommended by our consulting geologist and by the Agreement under
      which we have acquired the property. The recommended geological program will
      cost a total of approximately $1,400,000. In addition, we plan engage in initial
      surveying and sampling on our Quebec properties at a projected cost of
      $1,052,000. Our plan of operations for the current fiscal year is to complete
      the recommended exploration programs on the Zama Lake property and our other
      mineral claims.





Total
      expenditures over the current fiscal year are therefore expected to be
      approximately $2,452,000, exclusive of administrative and overhead costs.





As
      of
      September 30, 2007 we had $3,647 in cash on hand and no working capital. In
      order to continue operating and to complete our planned exploration programs,
      we
      will therefore need to raise additional capital. We anticipate that additional
      funding will be required in the form of equity financing from the sale of our
      common stock. We cannot provide investors with any assurance, however, that
      we
      will be able to raise sufficient funding from the sale of our common stock
      to
      fund all of our anticipated expenses. We believe that outside debt financing
      will not be an alternative for funding exploration programs. The risky nature
      of
      this enterprise and lack of tangible assets other than our mineral claims places
      debt financing beyond the credit-worthiness required by most banks or typical
      investors of corporate debt until such time as economically viable mines can
      be
      demonstrated.





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We
      do not
      have plans to purchase any significant equipment or change the number of our
      employees during the next twelve months.





**Results
      of Operations for the three months ended September 30, 2007 and
      2006**





We
      have
      not earned any revenues since the inception of our current business operations.
      We are presently in the exploration stage of our business and we can provide
      no
      assurance that we will discover commercially exploitable levels of mineral
      resources on our mineral properties, or if such resources are discovered, that
      we will enter into commercial production.





We
      incurred operating expenses in the amount of $56,887 for the three months ended
      September 30, 2007 and in the amount of $0 for the three months ended September
      30, 2006. We have incurred total operating expenses of $56,887 from the
      inception of our current operations through September 30, 2007. We incurred
      no
      operating expenses from discontinued operations in the three months ended
      September 30, 2007 and we incurred operating expenses from discontinued
      operations in the amount of $4,406 in the three months ended September 30,
      2006.
      Since our inception, we have incurred total operating expenses from discontinued
      operations in the amount of $6,397,791.





We
      incurred a net loss in the amount of $56,887 for the three months ended
      September 30, 2007 and in the amount of $0 for the three months ended September
      30, 2006. Since the inception of our current operations through September 30,
      2007, we have incurred a total net loss of $56,887. Our losses are attributable
      to operating expenses together with a lack of any revenues. We anticipate our
      operating expenses will increase as we continue with our plan of operations.
      The
      increase will be attributable to continuing with the geological exploration
      programs for our several mineral claims.





**Liquidity
      and Capital Resources**





As
      of
      June 30, 2007, we had cash in the amount of $3,647 and a working capital deficit
      of $239,450.





We
      have
      not attained profitable operations and are dependent upon obtaining financing
      to
      pursue significant exploration activities. For these reasons, our auditors
      stated in their report that they have substantial doubt we will be able to
      continue as a going concern.





We
      do not
      anticipate earning revenues until such time that we exercise our option entered
      into commercial production of our mineral properties. We are presently in the
      exploration stage of our business and we can provide no assurance that we will
      discover commercially exploitable levels of mineral resources our mineral
      properties, or if such resources are discovered, that we will enter into
      commercial production.




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**Off
      Balance Sheet Arrangements**





As
      of September
      30, 2007 ,
      there
      were no off balance sheet arrangements.





**Going
      Concern**




We
      have
      not attained profitable operations and are dependent upon obtaining financing
      to
      pursue exploration activities. For these reasons our auditors stated in their
      report that they have substantial doubt we will be able to continue as a going
      concern.





Our
      ability to continue as a going concern is dependent our generating cash from
      the
      sale of our common stock and/or obtaining debt financing and attaining future
      profitable operations. Management’s plans include selling our equity securities
      and obtaining debt financing to fund our capital requirements and ongoing
      operations; however, there was is assurance we will be successful in these
      efforts.





**Critical
      Accounting Policies**





In
      December 2001, the SEC requested that all registrants list their most “critical
      accounting polices” in the Management Discussion and Analysis. The SEC indicated
      that a “critical accounting policy” is one which is both important to the
      portrayal of a company’s financial condition and results, and requires
      management’s most difficult, subjective or complex judgments, often as a result
      of the need to make estimates about the effect of matters that are inherently
      uncertain. We believe that, at this time, no accounting policies fit this
      definition.





**Recently
      Issued Accounting Pronouncements**





In
      September 2006, the Financial Accounting Standards Board issued Statement of
      Financial Accounting Standards No. 157, “Fair Value Measurements” which defines
      fair value, establishes a framework for measuring fair value in generally
      accepted accounting principles (GAAP), and expands disclosures about fair value
      measurements. Where applicable, SFAS No. 157 simplifies and codifies
      related guidance within GAAP and does not require any new fair value
      measurements. SFAS No. 157 is effective for financial statements issued for
      fiscal years beginning after November 15, 2007, and interim periods within
      those fiscal years. Earlier adoption is encouraged. The Company does
      not expect the adoption of SFAS No. 157 to have a significant effect on its
      financial position or results of operation.





In
      June
      2006, the Financial Accounting Standards Board issued FASB Interpretation No.
      48, “Accounting for Uncertainty in Income Taxes - an interpretation of FASB
      Statement No. 109”, which prescribes a recognition threshold and measurement
      attribute for the financial statement recognition and measurement of a tax
      position taken or expected to be taken in a tax return. FIN 48 also provides
      guidance on de-recognition, classification, interest and penalties, accounting
      in interim periods, disclosure and transition. FIN 48 is effective for fiscal
      years beginning after December 15, 2006. The Company does not expect the
      adoption of FIN 48 to have a material impact on its financial reporting, and
      the
      Company is currently evaluating the impact, if any, the adoption of FIN 48
      will
      have on its disclosure requirements.





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In
      March
      2006, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards No. 156, “Accounting for Servicing of Financial Assets—an
      amendment of FASB Statement No. 140.” This statement requires an entity to
      recognize a servicing asset or servicing liability each time it undertakes
      an
      obligation to service a financial asset by entering into a servicing contract
      in
      any of the following situations: a transfer of the servicer’s financial assets
      that meets the requirements for sale accounting; a transfer of the servicer’s
      financial assets to a qualifying special-purpose entity in a guaranteed mortgage
      securitization in which the transferor retains all of the resulting securities
      and classifies them as either available-for-sale securities or trading
      securities; or an acquisition or assumption of an obligation to service a
      financial asset that does not relate to financial assets of the servicer or
      its
      consolidated affiliates. The statement also requires all separately recognized
      servicing assets and servicing liabilities to be initially measured at fair
      value, if practicable, and permits an entity to choose either the amortization
      or fair value method for subsequent measurement of each class of servicing
      assets and liabilities. The statement further permits, at its initial adoption,
      a one-time reclassification of available for sale securities to trading
      securities by entities with recognized servicing rights, without calling into
      question the treatment of other available for sale securities under Statement
      115, provided that the available for sale securities are identified in some
      manner as offsetting the entity’s exposure to changes in fair value of servicing
      assets or servicing liabilities that a servicer elects to subsequently measure
      at fair value and requires separate presentation of servicing assets and
      servicing liabilities subsequently measured at fair value in the statement
      of
      financial position and additional disclosures for all separately recognized
      servicing assets and servicing liabilities. This statement is effective for
      fiscal years beginning after September 15, 2006, with early adoption permitted
      as of the beginning of an entity’s fiscal year. Management believes the adoption
      of this statement will have no immediate impact on the Company’s financial
      condition or results of operations.





**Item
      3.     Controls and Procedures**





We
      carried out an evaluation of the effectiveness of the design and operation
      of
      our disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) as of September 30, 2007. This evaluation was carried
      out under the supervision and with the participation of our Chief Executive
      Officer, Mr. Derek Ivany, and our Chief Financial Officer, Mr. Victor Cantore.
      Based upon that evaluation, our Chief Executive Officer and Chief Financial
      Officer concluded that, as of September 30, 2007, our disclosure controls and
      procedures are effective. There have been no changes in our internal controls
      over financial reporting during the quarter ended September 30, 2007.





Disclosure
      controls and procedures are controls and other procedures that are designed
      to
      ensure that information required to be disclosed in our reports filed or
      submitted under the Exchange Act are recorded, processed, summarized and
      reported, within the time periods specified in the SEC's rules and forms.
      Disclosure controls and procedures include, without limitation, controls and
      procedures designed to ensure that information required to be disclosed in
      our
      reports filed under the Exchange Act is accumulated and communicated to
      management, including our Chief Executive Officer and Chief Financial Officer,
      to allow timely decisions regarding required disclosure.





Limitations
      on the Effectiveness of Internal Controls





Our
      management does not expect that our disclosure controls and procedures or our
      internal control over financial reporting will necessarily prevent all fraud
      and
      material error. Our disclosure controls and procedures are designed to provide
      reasonable assurance of achieving our objectives and our Chief Executive Officer
      and Chief Financial Officer concluded that our disclosure controls and
      procedures are effective at that reasonable assurance level. Further, the design
      of a control system must reflect the fact that there are resource constraints,
      and the benefits of controls must be considered relative to their costs. Because
      of the inherent limitations in all control systems, no evaluation of controls
      can provide absolute assurance that all control issues and instances of fraud,
      if any, within the Company have been detected. These inherent limitations
      include the realities that judgments in decision-making can be faulty, and
      that
      breakdowns can occur because of simple error or mistake. Additionally, controls
      can be circumvented by the individual acts of some persons, by collusion of
      two
      or more people, or by management override of the internal control. The design
      of
      any system of controls also is based in part upon certain assumptions about
      the
      likelihood of future events, and there can be no assurance that any design
      will
      succeed in achieving its stated goals under all potential future conditions.
      Over time, control may become inadequate because of changes in conditions,
      or
      the degree of compliance with the policies or procedures may deteriorate.




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**PART
      II - OTHER INFORMATION**





**Item
      1.     Legal
      Proceedings**





We
      are
      not a party to any pending legal proceeding. We are not aware of any pending
      legal proceeding to which any of our officers, directors, or any beneficial
      holders of 5% or more of our voting securities are adverse to us or have a
      material interest adverse to us.





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





None





**Item
      3.     Defaults upon Senior
      Securities**





None





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





No
      matters have been submitted to our security holders for a vote, through the
      solicitation of proxies or otherwise, during the quarterly period ended
      September 30, 2007.





**Item
      5.     Other
      Information**





**Item
      6.      Exhibits**





Exhibit
                Number
            Description3.1
            Amended
                Articles of Incorporation13.2
            By-laws29.1
            Voting,
                Support and Exchange Trust Agreement29.2
            Assignment
                and Assumption Agreement231.1
            Certification
                of Chief Executive Officer pursuant to Securities Exchange Act Rule
                13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the
                Sarbanes-Oxley Act of 200231.2
            Certification
                of Chief Financial Officer pursuant to Securities Exchange Act Rule
                13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the
                Sarbanes-Oxley Act of 200232.1
            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





1
            Incorporated
                by reference to Annual Report on Form 10-KSB for the period ended
                June 30,
                2002.


2
            Incorporated
                by reference to the Registration Statement on Form 10 (File No.
                000-27645)







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          of Contents




**SIGNATURES**





In
      accordance with the requirements of the Securities and Exchange Act of 1934,
      the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.





**Ivany
                Mining Inc.**Date:
            November
                14, 2007By:      /s/
                Derek Ivany
              Derek
                Ivany
              Title:**Chief
                Executive Officer and
                Director**