| [X]            | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|----------------|-----------------------------------------------------------------------------------------|
|           |                                                                                    |
|           | For the quarterly period ended September 30, 2010                                       |
|           |                                                                                    |
| [  ] | Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934        |
|           |                                                                                    |
|           | For the transition period __________ 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                                                                    |
|------------------------------------------------------------------------------------------|
| (Issuer’s telephone number)                                                   |
| _______________________________________________________________                          |
| (Former name, former address and former fiscal year, if changed since last report)  |

| [ ] Large accelerated filer[ ] Non-accelerated filer | [ ] 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                                  | 9                |
| Item 4T:                                      | 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 September 30, 2010 (unaudited) and June 30, 2010; |
|  F-2                                                                 |  Statements of Operations for the three months ended September 30, 2010 and 2009 and from inception of current operations through September 30, 2010 (unaudited); |
|   F-3                                                                |  Statements of Stockholders’ Equity as of September 30, 2010 (unaudited); |
|  F-4                                                                 |  Statements of Cash Flows for the three months ended September 30, 2010 and 2009 and from inception of current operations through September 30, 2010 (unaudited); |
|  F-5                                                                 |  Notes to Financial Statements. |

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Table of Contents

IVANY NGUYEN, INC.

| ASSETS                                                                                                          |
|-----------------------------------------------------------------------------------------------------------------|
|                                                                                                            |   |   |   |   |   |
|                                                                                                            | September 30, |   |    June 30, |   |
|                                                                                                            | 2010 |   |   | 2010 |   |
|                                                                                                            | (Unaudited) |   |   |   |   |
| CURRENT ASSETS                                                                                                  |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |
| Cash                                                                                                            | $ | 24,508 |   |   | $ | 69,461 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| Total Current Assets                                                                                            |   | 24,508 |   |   |   | 69,461 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| EQUIPMENT, net                                                                                                  |   | 760 |   |   |   | 1,266 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                                    | $ | 25,268 |   |   | $ | 70,727 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                  |
|                                                                                                            |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                             |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |
| Accounts payable                                                                                                | $ | 39,611 |   |   | $ | 53,422 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| Total Current Liabilities                                                                                       |   | 39,611 |   |   |   | 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, 40,056,877 and 39,506,877 shares issued  |   |   |   |   |   |   |   |
|     and outstanding, respectively                                                                |   | 40,807 |   |   |   | 39,507 |   |
| Additional paid-in capital                                                                                      |   | 10,595,372 |   |   |   | 10,391,672 |   |
| Deficit accumulated during the exploration stage                                                                |   | (10,650,522 | ) |   |   | (10,413,874 | ) |
|                                                                                                            |   |   |   |   |   |   |   |
| Total Stockholders' Equity (Deficit)                                                                            |   | (14,343 | ) |   |   | 17,305 |   |
|                                                                                                            |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                            | $ | 25,268 |   |   | $ | 70,727 |   |

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Table of Contents

IVANY NGUYEN, INC.

|                                          |                       |       |   |          |   |       | From Inception |   |
|-----------------------------------------------|----------------------------|------------|--------|---------------|--------|------------|----------------|--------|
|                                          | For the Three Months Ended |       |   | Through       |   |
|                                          | September, 30              |       |   | September 30, |   |
|                                          | 2010                       |       |   | 2009          |   |       | 2010           |   |
|                                          |                       |       |   |          |   |       |           |   |
| REVENUES                                      | $                          | -          |   |          | $      | -          |           |   | $ | - |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| OPERATING EXPENSES                            |                       |       |   |          |   |       |           |   |   |   |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| Exploration                                   |                       | -          |   |          |   | -          |           |   |   | 170,873 |   |
| Professional fees                             |                       | 217,364    |   |          |   | 78,600     |           |   |   | 1,331,476 |   |
| General and administrative                    |                       | 18,779     |   |          |   | 18,906     |           |   |   | 2,199,745 |   |
| Impairment of mining properties               |                       | -          |   |          |   | -          |           |   |   | 545,221 |   |
| Depreciation                                  |                       | 505        |   |          |   | 505        |           |   |   | 5,303 |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| Total Operating Expenses                      |                       | 236,648    |   |          |   | 98,011     |           |   |   | 4,252,618 |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| LOSS FROM OPERATIONS                          |                       | (236,648   | )      |          |   | (98,011    | )              |   |   | (4,252,618 | ) |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| INCOME TAX EXPENSE                            |                       | -          |   |          |   | -          |           |   |   | - |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| LOSS FROM CONTINUING OPERATIONS               |                       | (236,648   | )      |          |   | (98,011    | )              |   |   | (4,252,618 | ) |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| DISCONTINUED OPERATIONS                       |                       | -          |   |          |   | -          |           |   |   | (6,397,904 | ) |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| NET LOSS                                      | $                          | (236,648   | )      |          | $      | (98,011    | )              |   | $ | (10,650,522 | ) |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| BASIC LOSS PER SHARE                          | $                          | (0.01      | )      |          | $      | (0.00      | )              |   |   |   |   |
|                                          |                       |       |   |          |   |       |           |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |                       | 39,809,075 |   |          |   | 36,541,877 |           |   |   |   |   |

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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 $0.20 per shared (unaudited) | 750,000      |   |    | 750    |         |   | 149,250      |        |   | -           |   |   |          | -           |   |   |   | 150,000 |   |
|                                         |         |   |    |   |         |   |         |        |   |        |   |   |          |        |   |   |   |   |   |
| Warrants exercised for cash at $0.10 per     |         |   |    |   |         |   |         |        |   |        |   |   |          |        |   |   |   |   |   |
|    share (unaudited)          | 550,000      |   |    | 550    |         |   | 54,450       |        |   | -           |   |   |          | -           |   |   |   | 55,000 |   |
|                                         |         |   |    |   |         |   |         |        |   |        |   |   |          |        |   |   |   |   |   |
| Net loss for the three months ended          |         |   |    |   |         |   |         |        |   |        |   |   |          |        |   |   |   |   |   |
|    September 30, 2010 (unaudited)  | -            |   |    | -      |         |   | -            |        |   | -           |   |   |          | (236,648    | ) |   |   | (236,648 | ) |
|                                         |         |   |    |   |         |   |         |        |   |        |   |   |          |        |   |   |   |   |   |
| Balance, September 30, 2010 (unaudited)      | 40,806,877   |   | $       | 40,807 |         | $      | 10,595,372   |        | $      | -           |   |   | $             | (10,650,522 | ) |   | $ | (14,343 | ) |

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Table of Contents

IVANY NGUYEN, INC.

|                                                                        |                       |     |   |          |   |     | From Inception |   |
|-----------------------------------------------------------------------------|----------------------------|----------|--------|---------------|--------|----------|----------------|--------|
|                                                                        | For the Three Months Ended |     |   | Through       |   |
|                                                                        | September 30,              |     |   | September 30, |   |
|                                                                        | 2010                       |     |   | 2009          |   |     | 2010           |   |
| OPERATING ACTIVITIES                                                        |                       |     |   |          |   |     |           |   |
|                                                                        |                       |     |   |          |   |     |           |   |
| Net loss                                                                    | $                          | (236,648 | )      |          | $      | (98,011  | )              |   | $ | (10,650,522 | ) |
| 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                                            |                       | 150,000  |   |          |   | -        |           |   |   | 461,250 |   |
| Depreciation                                                                |                       | 506      |   |          |   | 505      |           |   |   | 5,304 |   |
| Impairment of mining properties                                             |                       | -        |   |          |   | -        |           |   |   | 545,221 |   |
| Changes in operating assets and liabilities:                                |                       |     |   |          |   |     |           |   |   |   |   |
| Change in accounts payable                                                  |                       | (13,811  | )      |          |   | (5,870   | )              |   |   | 39,611 |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| Net Cash Used in Operating Activities                                       |                       | (99,953  | )      |          |   | (103,376 | )              |   |   | (1,625,562 | ) |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| 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                                                  |                       | 55,000   |   |          |   | 20,000   |           |   |   | 2,103,247 |   |
| Repayment of notes payable                                                  |                       | -        |   |          |   | (2,588   | )              |   |   | (40,247 | ) |
| Proceeds from notes payable                                                 |                       | -        |   |          |   | 7,187    |           |   |   | 40,247 |   |
| Repayment to shareholder                                                    |                       | -        |   |          |   | -        |           |   |   | (160,962 | ) |
| Borrowings from shareholder                                                 |                       | -        |   |          |   | -        |           |   |   | 160,962 |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| Net Cash Provided by Financing Activities                                   |                       | 55,000   |   |          |   | 24,599   |           |   |   | 2,103,247 |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                             |                       | (44,953  | )      |          |   | (78,777  | )              |   |   | 24,508 |   |
| CASH AT BEGINNING OF PERIOD                                                 |                       | 69,461   |   |          |   | 455,263  |           |   |   | - |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| CASH AT END OF PERIOD                                                       | $                          | 24,508   |   |          | $      | 376,486  |           |   | $ | 24,508 |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                      |                       |     |   |          |   |     |           |   |   |   |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| CASH PAID FOR:                                                              |                       |     |   |          |   |     |           |   |   |   |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| Interest                                                                    | $                          | -        |   |          | $      | -        |           |   | $ | - |   |
| Income Taxes                                                                | $                          | -        |   |          | $      | -        |           |   | $ | - |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                              |                       |     |   |          |   |     |           |   |   |   |   |
|                                                                        |                       |     |   |          |   |     |           |   |   |   |   |
| Common stock issued for mineral properties                                  | $                          | -        |   |          | $      | -        |           |   | $ | 98,108 |   |

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IVANY NGUYEN, INC.

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| Outstanding, June 30, 2008      | 2,500,000  |   |   |   | 0.10   |   |
|---------------------------------|------------|--------|--------|--------|--------|--------|
| Granted                         | -          |   |   |   | -      |   |
| Exercised                       | 100,000    |   |   |   | 0.01   |   |
| Cancelled                       | -          |   |   |   | -      |   |
| Outstanding, June 30, 2009      | 2,400,000  |   |   |   | 0.10   |   |
| Exercisable, June 30, 2009      | 2,400,000  |   |   |   | 0.10   |   |
|                            |       |   |   |   |   |   |
| Granted                         | 1,000,000  |   |   |   | 0.20   |   |
| Exercised                       | (2,250,000 | )      |   |   | 0.10   |   |
| Cancelled                       | -          |   |   |   | -      |   |
| Outstanding, June 30, 2010      | 1,150,000  |   |   | $      | 0.10   |   |
| Exercisable, June 30, 2010      | 1,150,000  |   |   | $      | 0.10   |   |
|                            |       |   |   |   |   |   |
| Granted                         | -          |   |   |   | -      |   |
| Exercised                       | (550,000   | )      |   |   | 0.10   |   |
| Cancelled                       | -          |   |   |   | -      |   |
| Outstanding, September 30, 2010 | 600,000    |   |   | $      | 0.10   |   |
| Exercisable, September 30, 2010 | 600,000    |   |   | $      | 0.10   |   |

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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

Item 4T.     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

| ExhibitNumber |  Description of Exhibit                                                                                                                                                  |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1           | Articles of Incorporation, as amended (1)                                                                                                                                     |
| 3.2           | Bylaws, as amended (2)                                                                                                                                                        |
| 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 |

| 1   | Incorporated by reference to Annual Report on Form 10-KSB for the period ended June 30, 2002 filed on December 19, 2002. |
|---------------|--------------------------------------------------------------------------------------------------------------------------|

| 2   | Incorporated by reference to the Registration Statement on Form 10 filed December 28, 1999. |
|---------------|---------------------------------------------------------------------------------------------|

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|   | Ivany Nguyen, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Date:  | November 19, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | By:       /s/ Derek Ivany                                                                           Derek IvanyTitle:    Chief Executive Officer and Director |