UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

                  For the quarterly period ended March 31, 2004


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


          For the transition period from _____________ to _____________


                        Commission file number 000-032103


                              Savoy Resources Corp.
         --------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


           Colorado                                     84-1522003
 ------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


            435 Martin Street, Suite #3120, Blaine, Washington 98230
            --------------------------------------------------------
                    (Address of principal executive offices)


                                 (360) 332-1892
                                 --------------
                           (Issuer's telephone number)



               --------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ]    No [X]
                                                  ---       ---


<PAGE>




                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 65,370,000 shares of common stock,
$.001 par value per share, outstanding as of May 28, 2004.

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








<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.




                             SAVOY RESOURCES CORP.
                   (formerly Savoy Capital Investments, Inc.)
                         (an exploration stage company)




                   INTERIM CONSOLIDATED FINANCIAL STATEMENTS



                                 MARCH 31, 2004

                                  (Unaudited)















CONSOLIDATED BALANCE SHEETS

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS




<PAGE>


<TABLE>
<CAPTION>

                              SAVOY RESOURCES CORP.
                   (formerly Savoy Capital Investments, Inc.)
                         (an exploration stage company)

                           CONSOLIDATED BALANCE SHEETS


                                                                                   March 31,  December 31,
                                                                                     2004         2003
---------------------------------------------------------------------------------------------------------
                                                                                 (unaudited)    (Note 1)
                                     ASSETS
<S>                                                                                <C>          <C>
CURRENT ASSETS
   Cash                                                                            $ 121,042    $      --
   Prepaid expenses and advances                                                     104,839           --
---------------------------------------------------------------------------------------------------------

                                                                                     225,881           --

FIXED ASSETS                                                                           9,506
MINERAL PROPERTIES (Note 4)                                                                1            1
---------------------------------------------------------------------------------------------------------

                                                                                   $ 235,388    $       1
=========================================================================================================


                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued liabilities                                        $  14,538    $      --
   Due to related party (Note 5)                                                      10,000           --
---------------------------------------------------------------------------------------------------------

                                                                                      24,538           --
---------------------------------------------------------------------------------------------------------

CONTINGENCIES (Note 1)

STOCKHOLDERS' EQUITY
   Capital stock (Note 6)
      Common stock $0.001 par value; 100,000,000 shares authorized
      55,770,000 shares issued and outstanding (2003: 14,271,000)                     55,770          360
      Preferred stock $0.01 par value; 10,000,000 shares authorized
      NIL shares issued and outstanding (2003: 200,000)                                   --           --
   Additional paid-in capital                                                        582,000           --
   Deficit accumulated during the exploration stage                                 (426,920)        (359)
---------------------------------------------------------------------------------------------------------

                                                                                     210,850            1
---------------------------------------------------------------------------------------------------------

                                                                                   $ 235,388    $       1
=========================================================================================================


</TABLE>









          The accompanying notes are an integral part of these interim
                       consolidated financial statements


                                       2
<PAGE>

<TABLE>
<CAPTION>


                              SAVOY RESOURCES CORP.
                   (formerly Savoy Capital Investments, Inc.)
                         (an exploration stage company)

                  INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

                                   (unaudited)

                                                  For the three months ended         September 24,
                                                  March 31,         March 31,      2002 (inception)
                                                    2004               2003        to March 31, 2004
 --------------------------------------------------------------------------------------------------
                                                                  (Note 1)          (Note 1)
<S>                                               <C>                <C>               <C>
 EXPENSES
    Advertising, marketing and promotion          $   79,687         $     -           $   79,687
    Consulting                                       118,128               -               83,128
    Exploration, development and field expenses       73,643               -               73,643
    General and administrative                        38,747               -               39,106
    Professional fees                                 28,941               -               63,941
    Transfer agent and filing fees                     6,334               -                6,334
    Travel                                            40,733               -               40,733
 --------------------------------------------------------------------------------------------------

 NET LOSS FOR THE PERIOD                         $  (386,213)        $     -          $  (386,572)
 ==================================================================================================




  BASIC NET LOSS PER SHARE                           $(0.09)          $(0.00)
  ============================================================================

  WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      42,051,758       22,500,000
  ============================================================================

</TABLE>








          The accompanying notes are an integral part of these interim
                       consolidated financial statements

                                       3
<PAGE>
<TABLE>
<CAPTION>

                              SAVOY RESOURCES CORP.
                   (formerly Savoy Capital Investments, Inc.)
                         (an exploration stage company)

                  INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (unaudited)

                                                                           For the three months ended         September 24,
                                                                           March 31,        March 31,        2002 (inception)
                                                                             2004              2003          to March 31, 2004
-----------------------------------------------------------------------------------------------------------------------------
                                                                                            (Note 1)            (Note 1)
<S>                                                                       <C>                <C>               <C>
  CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss for the period                                               $ (386,213)        $      -          $  (386,572)
    Adjustments to reconcile net loss to net cash used in
    operating activities
       - prepaid expenses and advances                                      (104,839)               -             (104,839)
       - accounts payable and accrued liabilities                             11,431                -               11,431
  --------------------------------------------------------------------------------------------------------------------------

  NET CASH FLOWS USED IN OPERATING ACTIVITIES                               (479,621)               -             (479,980)
  --------------------------------------------------------------------------------------------------------------------------

  CASH FLOWS USED IN INVESTING ACTIVITIES
    Cash acquired on reverse acquisition of Savoy                                169                -                  169
    Mineral properties                                                             -                -                   (1)
    Purchase of fixed assets                                                  (9,506)               -               (9,506)
  --------------------------------------------------------------------------------------------------------------------------

  NET CASH FLOWS USED IN INVESTING ACTIVITIES                                 (9,337)               -               (9,338)
  --------------------------------------------------------------------------------------------------------------------------

  CASH FLOWS FROM FINANCING ACTIVITIES
    Common shares issued for cash                                            600,000                -              600,360
    Advances from related parties                                             10,000                -                10,000
  --------------------------------------------------------------------------------------------------------------------------

  NET CASH FLOWS FROM FINANCING ACTIVITIES                                   610,000                -              610,360
  --------------------------------------------------------------------------------------------------------------------------

  INCREASE IN CASH                                                           121,042                 -             121,042

  CASH, BEGINNING OF PERIOD                                                         -                -                    -
  --------------------------------------------------------------------------------------------------------------------------

  CASH, END OF PERIOD                                                     $  121,042            $    -          $  121,042
  ==========================================================================================================================

</TABLE>






          The accompanying notes are an integral part of these interim
                       consolidated financial statements

                                       4

<PAGE>

                             SAVOY RESOURCES CORP.
                   (formerly Savoy Capital Investments, Inc.)
                         (an exploration stage company)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2004
--------------------------------------------------------------------------------
                                  (unaudited)



NOTE 1 - NATURE OF CONTINUED OPERATIONS AND BASIS OF PRESENTATION
--------------------------------------------------------------------------------

By Share Purchase Agreement (the "Agreement") dated December 23, 2003 and
completed January 19, 2004, Savoy Resources Corp. (formerly Savoy Capital
Investments, Inc.) ("Savoy" or the "Company"), a public company incorporated
under the laws of the State of Colorado on March 6, 1997, acquired 97% of the
issued shares in the capital of Societe Siranna S.A.R.L. (an exploration stage
company) ("Siranna"), a private company incorporated September 24, 2002 under
the laws of Madagascar, in exchange for 22,500,000 restricted shares of Savoy's
common stock. In addition, and in accordance with the terms of the Agreement,
Savoy granted a total of 27,900,000 stock options to replace all stock options
previously outstanding in Siranna with terms and conditions consistent with the
original stock options.

As a result of this transaction, the former holders of 97% of the issued and
outstanding shares of common stock of Siranna will own approximately 60% of the
shares of common stock of Savoy representing 22,500,000 of the 37,770,000 total
issued and outstanding shares of Savoy's common stock as at the date of the
completion of the transaction.

This acquisition has been accounted for as a reverse acquisition with Siranna
being treated as the accounting parent and Savoy, the legal parent, being
treated as the accounting subsidiary. Accordingly, the consolidated results of
operations of the Company include those of Siranna for the period from its
inception on September 24, 2002 and those of Savoy since the date of the reverse
acquisition. The comparative balance sheet and statements of operations and cash
flows are those of Siranna.

Effective March 23, 2004 the Company changed its name from Savoy Capital
Investments, Inc. to Savoy Resources Corp.

The Company is in the exploration stage of its mineral property exploration and
development. To date, the Company has not generated any revenues from operations
and significant future operating losses are anticipated. The Company's
continuance of operations and movement into an operating basis are contingent on
raising additional capital to finance further exploration and development work,
and on the future development of its mineral properties. Accordingly, these
factors raise substantial doubt about the Company's ability to continue as a
going concern. The Company anticipates funding its operations for the next
twelve months, as required, through equity financings, related party advances
and through proceeds received on the exercise of stock options.

Unaudited Interim Financial Statements
The accompanying unaudited interim consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB of Regulation
S-B. They do not include all information and footnotes required by generally
accepted accounting principles for complete financial statements. In the opinion
of Management, all adjustments considered necessary for a fair presentation,
consisting solely of normal recurring adjustments, have been made. Operating
results for the three months ended March 31, 2004 are not necessarily indicative
of the results that may be expected for the year ending December 31, 2004. These
financial statements should also be read in conjunction with Savoy's Form 8-K/A
dated March 20, 2004 filed with the Securities and Exchange Commission and
Savoy's pro-forma consolidated statement of stockholders' equity as at September
30, 2003 and Siranna's audited financial statements as at December 31, 2003 and
2002 contained therein.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

Basis of presentation
The financial statements have been prepared on a consolidated basis and include
the accounts of the Company, its 97% owned subsidiary Siranna and the Company's
proportion of the assets, liabilities and results of operations for its
interests in joint ventures. All significant intercompany transactions and
balances have been eliminated.

Mineral property costs
Mineral property acquisition, exploration and development costs are expensed as
incurred until such time as economic reserves are quantified. To date the
Company has not established any proven or probable reserves on its mineral
properties. The Company has adopted the provisions of SFAS No. 143 "Accounting
for Asset Retirement Obligations" which establishes standards for the initial
measurement and subsequent accounting for obligations associated with the sale,
abandonment, or other disposal of long-lived tangible assets arising from the
acquisition, construction or development and for normal operations of such
assets. The adoption of this standard has had no effect on the Company's
financial position or results of operations. As at March 31, 2004, any potential
costs relating to the retirement of the Company's mineral property interest are
not yet determinable.


                                       5
<PAGE>

SAVOY RESOURCES CORP.
(formerly Savoy Capital Investments, Inc.)
(an exploration stage company)
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2004
--------------------------------------------------------------------------------
(unaudited)




NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

Interests in Joint Ventures
The Company accounts for interest in joint ventures, over which the Company has
the ability only to exercise joint control, using the proportionate
consolidation method of accounting. Under this method, the Company records its
portion of the assets, liabilities and results of operations of the joint
venture.

Loss Per Share
Basic earnings per share includes no dilution and is computed by dividing income
available to common stockholders by the weighted average number of common shares
outstanding for the period. Dilutive earnings per share reflects the potential
dilution of securities that could share in the earnings of the Company. Diluted
loss per share figures are equal to those of basic loss per share for each
period since the effects of stock options have been excluded as they are
anti-dilutive.

Financial Instruments
The fair value of the Company's financial assets and financial liabilities
approximate their carrying values due to the immediate or short-term maturity of
these financial instruments. The Company is not currently exposed to any
significant credit risk or currency risk.

Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the period. Actual results
could differ from those estimates.

Stock-Based Compensation
In December 2002, the Financial Accounting Standards Board issued Financial
Accounting Standard No. 148, "Accounting for Stock-Based Compensation -
Transition and Disclosure" ("SFAS No. 148"), an amendment of Financial
Accounting Standard No. 123 "Accounting for Stock-Based Compensation" ("SFAS No.
123"). The purpose of SFAS No. 148 is to: (1) provide alternative methods of
transition for an entity that voluntarily changes to the fair value based method
of accounting for stock-based employee compensation, (2) amend the disclosure
provisions to require prominent disclosure about the effects on reported net
income of an entity's accounting policy decisions with respect to stock-based
employee compensation, and (3) to require disclosure of those effects in interim
financial information. The disclosure provisions of SFAS No. 148 were effective
for the Company for the year ended December 31, 2003. No pro-forma disclosures
have been provided as the fair value of the options granted during the period
was determined to be $NIL as described in Note 6.

The Company has elected to continue to account for stock options granted to
employees and officers using the intrinsic value based method in accordance with
the provisions of Accounting Principles Board Opinion No. 25, "Accounting for
Stock Issued to Employees", ("APB No. 25") and comply with the disclosure
provisions of SFAS No. 123 as amended by SFAS No. 148 as described above. Under
APB No. 25, compensation expense is recognized based on the difference, if any,
on the date of grant between the estimated fair value of the Company's stock and
the amount an employee must pay to acquire the stock. Compensation expense is
recognized immediately for past services and pro-rata for future services over
the option-vesting period. In addition, with respect to stock options granted to
employees, the Company provides pro-forma information as required by SFAS No.
123 showing the results of applying the fair value method using the
Black-Scholes option pricing model. In accordance with SFAS No. 123, the Company
applies the fair value method using the Black-Scholes option-pricing model in
accounting for options granted to consultants.

The Company accounts for equity instruments issued in exchange for the receipt
of goods or services from other than employees in accordance with SFAS No. 123
and the conclusions reached by the Emerging Issues Task Force in Issue No.
96-18. Costs are measured at the estimated fair market value of the
consideration received or the estimated fair value of the equity instruments
issued, whichever is more reliably measurable. The value of equity instruments
issued for consideration other than employee services is determined on the
earliest of a performance commitment or completion of performance by the
provider of goods or services as defined by EITF 96-18.

The Company has also adopted the provisions of the Financial Accounting
Standards Board Interpretation No.44, Accounting for Certain Transactions
Involving Stock Compensation - An Interpretation of APB Opinion No. 25 ("FIN
44"), which provides guidance as to certain applications of APB 25. FIN 44 is
generally effective July 1, 2000 with the exception of certain events occurring
after December 15, 1998.


                                       6
<PAGE>

SAVOY RESOURCES CORP.
(formerly Savoy Capital Investments, Inc.)
(an exploration stage company)
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2004
--------------------------------------------------------------------------------
(unaudited)





NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

Foreign Currency Translation
The financial statements are presented in United States dollars. In accordance
with Statement of Financial Accounting Standards No. 52, "Foreign Currency
Translation", foreign denominated monetary assets and liabilities are translated
to their United States dollar equivalents using foreign exchange rates which
prevailed at the balance sheet date. Revenue and expenses are translated at
average rates of exchange during the year. Related translation adjustments are
reported as a separate component of stockholders' equity, whereas gains or
losses resulting from foreign currency transactions are included in results of
operations.

Income Taxes
The Company follows the liability method of accounting for income taxes. Under
this method, future tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
balances. Future tax assets and liabilities are measured using enacted or
substantially enacted tax rates expected to apply to the taxable income in the
years in which those differences are expected to be recovered or settled. The
effect on future tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the date of enactment or
substantive enactment.


NOTE 3 - ACQUISITION OF SOCIETE SIRANNA S.A.R.L.
--------------------------------------------------------------------------------

By Share Purchase Agreement (the "Agreement") dated December 23, 2003 and
completed January 19, 2004, Savoy Resources Corp. (formerly Savoy Capital
Investments, Inc.) ("Savoy" or the "Company"), a public company incorporated
under the laws of the State of Colorado on March 6, 1997, acquired 97% of the
issued shares in the capital of Societe Siranna S.A.R.L. (an exploration stage
company) ("Siranna"), a private company incorporated September 24, 2002 under
the laws of Madagascar, in exchange for 22,500,000 restricted shares of Savoy's
common stock. In addition, and in accordance with the terms of the Agreement,
Savoy granted a total of 27,900,000 stock options to replace an equivalent
number of stock options previously outstanding in Siranna with terms and
conditions consistent with the original stock options.

 As a result of this transaction, the former holders of 97% of the issued and
outstanding shares of common stock of Siranna will own approximately 60% of the
shares of common stock of Savoy representing 22,500,000 of the 37,770,000 total
issued and outstanding shares of Savoy's common stock as at the date of the
completion of the transaction.

This acquisition has been accounted for as a recapitalization using accounting
principles applicable to reverse acquisitions with Siranna being treated as the
accounting parent (acquirer) and Savoy, the legal parent, being treated as the
accounting subsidiary (acquiree). The value assigned to the capital stock of
consolidated Savoy on acquisition of Siranna is equal to the book value of the
capital stock of Siranna plus the book value of the net assets (liabilities) of
Savoy as at the date of the acquisition.

The book value of Savoy's capital stock subsequent to the reverse acquisition is
calculated and allocated as follows:

   Siranna capital stock                                          $       360
   Savoy net assets (liabilities)                                      (2,938)
                                                                  ------------

                                                                       (2,578)
   Excess charged to deficit on reverse acquisition                    40,348
                                                                  ------------

   Consolidated capital accounts post reverse acquisition         $    37,770
                                                                  ============

   Allocated as follows:
            Capital stock                                         $    37,770
            Preferred stock                                                 -
            Additional paid-in capital                                      -
                                                                  ------------

        Consolidated capital accounts post reverse acquisition    $    37,770
                                                                  ============



                                       7

<PAGE>
SAVOY RESOURCES CORP.
(formerly Savoy Capital Investments, Inc.)
(an exploration stage company)
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2004
--------------------------------------------------------------------------------
(unaudited)




NOTE 3 - ACQUISITION OF SOCIETE SIRANNA S.A.R.L. (cont'd)
--------------------------------------------------------------------------------

These consolidated financial statements include the results of operations of
Siranna since September 24, 2002 (inception) and the results of operations of
Savoy since the date of the reverse acquisition effective January 19, 2004.
Savoy had no material operations for the period from January 1, 2004 to January
19, 2004 . The weighted average number of shares outstanding of Savoy, for the
period from September 24, 2002 (inception) to January 19, 2004, is deemed to be
22,500,000 being the number of shares issued by Savoy to effect the reverse
acquisition of Siranna.


NOTE 4 - MINERAL PROPERTIES
--------------------------------------------------------------------------------

The Company holds a 100% interest in an operating permit to two gemstone mining
exploration and development properties, which are located in the province of
Antsiranana, Republic of Madagascar. The two gemstone mining exploration and
development properties were prospected, staked and registered with the
Madagascar Ministry of Energy and Mines, on behalf of Siranna, by the Siranna's
resident geologist on February 27, 2003 and was contributed to Siranna for
nominal consideration of $1.


NOTE 5 - RELATED PARTY TRANSATIONS
--------------------------------------------------------------------------------

During the quarter ended March 31, 2004 the Company entered into 1 year service
agreements with a director of the Company and with a director of Siranna. The
Company has paid a total of $18,500 to these directors under these agreements.
Refer to Note 7.

During the period, the Company received an advance of $10,000 from a
shareholder. This amount is unsecured, non-interest bearing and has no specified
terms of repayment.


NOTE 6 - CAPITAL STOCK
--------------------------------------------------------------------------------

The Company is authorized to issue up to 100,000,000 common shares with a par
value of $0.001 per share and 10,000,000 preferred shares with a par value of
$0.01.

For the period ended March 31, 2004, changes in Savoy's share capital and
deficit were as follows:
<TABLE>
<CAPTION>

                                                                                           Additional
                                                Common Stock          Preferred Stock        Paid-in
                                            Number      Amount     Number       Amount       Capital    Deficit     Total
                                       -------------------------------------------------------------------------------------
<S>                                      <C>          <C>         <C>       <C>           <C>         <C>          <C>
Balance, December 31, 2003, as
  previously reported by Savoy           14,271,000   $  14,271   200,000   $     2,000   $  18,929   $  (38,138)  $  (2,938)
Issued for services                         999,000         999        --            --       8,991           --       9,990
Return and cancellation of preferred
  shares                                         --          --  (200,000)       (2,000)      2,000           --          --
Savoy net loss for the period from
  January 1 to 18, 2004                          --          --        --            --          --       (9,990)     (9,990)
                                        ------------------------------------------------------------------------------------
                                         15,270,000      15,270        --            --      29,920      (48,128)     (2,938)
Issued to effect reverse acquisition     22,500,000      22,500        --            --     (22,500)          --          --
Fair value of stock options granted in
  connection with reverse acquisition            --          --        --            --          --           --          --
Assumption of PI's equity accounts              200         360        --            --          --         (359)          1
Reverse acquisition
  recapitalization adjustment                  (200)       (360)       --            --      (7,420)       7,690         (90)
                                        ------------------------------------------------------------------------------------
Balance, January 19, 2004                37,770,000      37,770        --            --          --      (40,797)     (3,027)
Issued for cash on exercise of stock             --
  options                                18,000,000      18,000        --            --     582,000           --     600,000
Net loss for the period                          --          --                                  --     (386,123)   (386,123)
                                        ------------------------------------------------------------------------------------

Balance, March 31, 2004 (unaudited)      55,770,000   $  55,770  $     --   $        --   $ 582,000   $ (426,920)  $ 210,850
                                        ====================================================================================
</TABLE>



                                       8
<PAGE>

SAVOY RESOURCES CORP.
(formerly Savoy Capital Investments, Inc.)
(an exploration stage company)
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2004
--------------------------------------------------------------------------------
(unaudited)





NOTE 6 - CAPITAL STOCK (cont'd)
--------------------------------------------------------------------------------

During the year ended December 31, 2002 Siranna received proceeds of $360 on the
issuance of 200 shares at a price of $1.80 per share.

Effective March 23, 2004 the Company completed a 3 for 1 forward stock split
increasing the number of shares of common stock then outstanding from 16,890,000
to 50,670,000. All reference to shares of common stock issued and outstanding in
these consolidated financial statements have been amended as required to reflect
this forward stock split.

During the period the outstanding preferred shares were returned to the Company
for cancellation at no cost to the Company.

Prior to the reverse acquisition, Savoy issued 999,000 shares of common stock
for services with a fair value of $9,990.

The Company issued 22,500,000 shares of common stock to effect the reverse
acquisition as described in Note 3.

Subsequent to the reverse acquisition the Company issued 18,000,000 shares of
common stock on the exercise of stock options at $0.033 per share for total
proceeds of $600,000.

Stock Options

On January 2, 2004 the Board of Directors of the Company approved the adoption
of a new stock option plan (the "Plan") allowing for the granting of up to
27,900,000 options to directors, officers, employees and consultants of the
Company and its subsidiary. Options granted under the Plan shall be at prices
and for terms as determined by the Board of Directors with terms not to exceed
10 years. The Plan further provides that the Board of Directors may grant to any
key personnel of the Company who is eligible to receive options, one or more
Incentive Stock Options at a price not less than fair market value and for a
period not to exceed 10 years from the date of grant. Options and Incentive
Stock Options granted under the Plan may have vesting requirements as determined
by the Board of Directors.

In connection with the reverse acquisition as described in Note 3, the Company
granted 27,900,000 stock options at $0.033 per share to previous holders of
stock options in Siranna to replace options previously granted by Siranna. In
accordance with accounting principles applicable to accounting for business
combinations, the fair value of the stock options granted in connection with a
business combination is included in the determination of the purchase price. The
fair value of these options at the date of grant of $NIL was estimated using the
Black-Scholes option pricing model with an expected life of three years, a
risk-free interest rate of 2% and an expected volatility of 0%. This volatility
was determined on the basis that the options were granted concurrent with the
completion of the reverse acquisition and as such no relevant historic market
volatility had yet been established in the trading of shares of the Company's
common stock


NOTE 7 - COMMITMENTS
--------------------------------------------------------------------------------

During the quarter ended March 31, 2004 the Company entered into nine one-year
term service agreements under which the Company is obligated to pay a total of
$257,250 and issue 30,000 shares. Of this, a total of $68,000 is due to related
parties, of which $18,500 has been paid to date. As at March 31, 2004 all
amounts owing under these contracts have been paid.


NOTE 8 - INCOME TAXES
--------------------------------------------------------------------------------

The Company has incurred operating losses from inception to March 31, 2004 which
may be available to offset future taxable income. The Company has adopted FASB
No. 109 for reporting purposes. The potential tax benefit of these losses has
not been recorded as a full deferred tax asset valuation allowance has been
provided due to the uncertainty regarding the realization of these losses.



                                       9
<PAGE>

SAVOY RESOURCES CORP.
(formerly Savoy Capital Investments, Inc.)
(an exploration stage company)
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2004
--------------------------------------------------------------------------------
(unaudited)





NOTE 9 - INTEREST IN JOINT VENTURE
--------------------------------------------------------------------------------

Effective January 22, 2004, the Company entered into a joint venture under the
laws of British Columbia ("BCJV") for the purpose of recognizing, acquiring and
exploring prospective resource opportunities in China. Participation in the BCJV
will be 50% by the Company and 50% by its joint venture partners subject to
adjustments for any future disproportionate funding. The decisions of the BCJV
will be by majority based on each partners' participation interest. The Company
has contributed $45,759 ($CAN 60,000) representing a 50% interest and as a
result, the Company has accounted for its proportion of the BCJV's assets,
liabilities and results of operations as at March 31, 2004 and for the period
then ended as follows:

              BCJV assets                      $ 23,256
                                               ========

              BCJV liabilities                 $  8,572
                                               ========

              BCJV loss for the period         $ 31,074
                                               ========


NOTE 10 - SUBSEQUIENT EVENTS
--------------------------------------------------------------------------------

Joint Venture Agreement
During March 2004, as finalized May 20, 2004, the Company entered into an
agreement with the First Institute of Geology Exploration of Heilongjiang
Province, China (the "First Institute") to form a Joint Venture Enterprise (the
"JV") in accordance with the Law of the People's Republic of China on
Chinese-Foreign Cooperative Joint Ventures. The JV will be formed for the
purpose of conducting gold and other mineral exploration, evaluation and mining
in Heilongjiang Province and other areas of mutual interest in China. The
formation of the JV is subject to the approval of the government of China. Upon
completion, the JV will have total registered capital contributed of
approximately $5,000,000, of which $1,500,000 will be contributed by the First
Institute in the form of Exploration Licenses and $3,500,000 will be cash
contributions by the Company. The Company will be required to contribute
$1,000,000 within 90 days, $500,000 within 12 months, and the final $2,000,000
within 24 of the approved formation of the JV. Upon completion of the required
capital contributions, the Company will have a 70% interest in the JV.

Stock Options
Subsequent to March 31, 2004 a further 9,600,000 stock options were exercised at
a price of $0.033 per share.



                                       10



<PAGE>

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

General

     Until January 2004, when we acquired a 97% interest in Societe Siranna
S.A.R.L. ("Siranna"), a private Madagascar company, which owns two gemstone
exploration properties in northern Madagascar, together with full resource
exploitation and gemstone exportation permits, we were engaged in the
residential and commercial mortgage brokerage business. In March 2004, we
entered into a joint venture agreement with the First Institute of Geology
Exploration of Heilongjiang Province (the "First Institute"), China, and, in
January, we entered into a joint venture agreement with three reporting
companies traded on the TSX Venture Exchange for the purpose of conducting gold
and other mineral exploration and development in China. As a result of the
Madagascar acquisition and the aforementioned joint ventures, we are undergoing
a transition to a gold, gemstone and other mineral exploration and development
company. As of the date of this report, we are developing gold exploration
operations in Heilongjiang province, China, with the First Institute and
gemstone acquisition and marketing operations in Madagascar. We have realized no
revenues from these activities as of the date of this report.

     The likelihood of our success will depend upon our ability:

     o    to develop and expand our gemstone acquisition and marketing program
          in Madagascar;

     o    to raise additional capital from equity and/or debt financing to meet
          our obligations described in this report;

     o    to absorb the expenses and delays frequently encountered in the
          operation of a new business; and

     o    to succeed in the competitive environment in which we will operate.

     We cannot be certain that:

     o    we will establish commercial gemstone operations in Madagascar;

     o    we will raise sufficient funding to make our required capital
          contributions to the joint venture with the First Institute over the
          next two years; or

     o    our joint venture with the First Institute will result in the
          production of gold or other minerals on a commercial scale.


                                       11
<PAGE>
Plan of Operation

     Madagscar. We expect to realize initial revenues, commencing in
approximately the third quarter of 2004, from our Madagascar gemstone
exploration and marketing operations. We have committed a first-round budget of
$250,000 to establish gemstone production in Madagascar and to develop the first
phase of our marketing program. We do not expect our production activities in
Madagascar to involve any actual mining activities for the foreseeable future.
This is because our operations are in the development stage and the cost of
purchasing gems is comparable to the cost of exploring for and mining them.
Instead, we will initially focus our efforts on purchasing, marketing and
exporting gemstones and, specifically, sapphires. Our permits, which we obtained
in conjunction with the purchase of two gemstone properties in Madagascar,
permit us to purchase from the native Malagasy and sell and export gemstones and
other minerals in addition to conducting exploration and mining activities of
our own. Our sapphire exploration and marketing program presently involves the
purchase of rough stones in the capital city of Antananarivo and the northern
port city of Diego Suarez for marketing and export directly to factories in
Thailand, China and Sri Lanka; with high-end stones to be marketed to dealers in
Tel Aviv, Israel and Zurich, Switzerland. We expect to realize a profit on the
sale of rough sapphires in a range of approximately 20% to 50%. We intend to
expand our sapphire acquisition and marketing program to include emeralds,
rubies and semi-precious stones. Mr. Jean Bruno Besy Andriamanalo, who is a
geologist and a Madagascar citizen, manages our Madagascar operations on a
consulting basis. While we intend to retain additional management and operations
personnel as employees or consultants at some time in the future, we have no
immediate plans to do so.

     In February 2004, we established a corporate development program for our
Madagascar operations that includes the following:

     o    establishing offices, including the supporting infrastructure, first,
          in the northern port city of Diego Suarez and then in the capital city
          of Antananarivo.

     o    creating comprehensive security programs and systems;

     o    expanding our sapphire acquisition and marketing program;

     o    expanding our gemstone acquisition and marketing program to include
          rubies, emeralds, semi-precious gemstones and quartz crystal;

     o    retaining additional management and operations personnel; and

     o    identifying additional mineral prospects in other regions of
          Madagascar.

Although we expect to start receiving revenue from our gemstone acquisition and
marketing operations in Madagascar in the third quarter of this year, we do not
believe that operations will be profitable during this period.

     China. In March 2004, we entered into a long-term joint venture agreement
with the First Institute of Heilongjiang Province, China, for the purpose of
conducting gold and other mineral exploration, evaluation and mining in
Heilongjiang Province and other areas of mutual interest in China. Before the
joint venture can be organized, the government of China is required to approve
the joint venture agreement and issue a business license to the joint venture.
We are presently seeking to raise funds in order to meet the schedule for our
required capital contributions to the joint venture totaling $3,500,000 over the
next two years. Cash Requirements


                                       12
<PAGE>
         Over the twelve-month period ending December 31, 2004, we anticipate
that we will need to raise between $4,000,000 and $5,000,000 in order to fund
our gold and mineral exploration and development operations in China and our
gemstone acquisition and marketing program in Madagascar, and to meet our
existing operating requirements. We expect the corporate development program in
Madagascar outlined above to require at least $250,000 in funding during this
period. Additionally, under the terms of the agreement with the First Institute,
we are required to contribute $3,500,000 to the joint venture over a period of
two years from the date that the government of China issues a business license
to the venture. The schedule of capital contributions is as follows:

     o    $1,000,000 within the first three months;

     o    $500,000 during the period from the beginning of the fourth month
          through the end of the twelfth month; and

     o    $2,000,000 during the period from the beginning of the thirteenth
          month through the end of the twenty-fourth month.

Because of the uncertainty in our business plan, we are unable to calculate with
certainty the cost of our plan of operations over the next twelve months.

Capital Resources

     We presently have no capital resources except for $320,000 available from
the unexercised portion of outstanding stock options to purchase a balance of
9,600,000 shares of common stock if the holders choose to exercise their
options. Since January 2004, we have been funded with $610,000 received from the
exercise of stock options to purchase a total of 18,300,000 shares of common
stock. However, even assuming the exercise of the balance of the outstanding
stock options, the sum of $320,000 received will not be sufficient to finance
our China and Madagascar operations and pay our operating expenses and it will
be necessary to raise additional funds in the next twelve months. Management
believes any short-term funds raised would be raised through the sale of our
equity securities and/or through debt financing. We are currently exploring all
available such financing alternatives, including, but not limited to, private
and public securities offerings. There are no arrangements or commitments with
respect to funding and we may not be able to obtain additional funding on
acceptable terms, if at all. Even if we succeed in obtaining the funding
necessary to capitalize the proposed joint venture with the First Institute in
China and establish commercial gemstone acquisition and marketing operations in
Madagascar, this will not ensure that operations will be profitable.
Furthermore, the full implementation of our business plan over the long term is
dependent upon our ability to raise a sizable amount of additional capital from
equity and/or debt financing and/or achieve profitable operations.


                                       13
<PAGE>
Purchase of Significant Equipment

     Over the next twelve months, we intend to acquire mining equipment to be
used in the exploration and development of gold properties and/or other mineral
prospects in Heilongjiang Province in northeastern China and our gemstone
properties in northern Madagascar. We have not yet established a budget for
these proposed equipment purchases.


Item 3.    Controls and Procedures.

     Our President (the "Certifying Officer") is responsible for establishing
and maintaining disclosure controls and procedures for us. He has concluded,
based upon his evaluation of these controls and procedures as of a date within
90 days of filing of this report, that our disclosure controls and procedures
are effective to ensure that information required to be disclosed by us in this
report is accumulated and communicated to our management, including the
Certifying Officer as appropriate, to allow timely decisions regarding required
disclosure. The Certifying Officer also has indicated that there were no
significant changes in our internal controls or other factors that could
significantly affect such controls subsequent to the date of their evaluation,
and there were no corrective actions with regard to significant deficiencies or
material weakness. We are presently unable to provide segregation of duties
within Savoy Resources as a means of internal control. As a result, the
Certifying Officer is presently relying on assistance from our Board of
Directors to provide short-term review procedures until such time as additional
funding is provided to hire additional executives to segregate duties within the
company.


                          PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings.

     We have been advised that we may be in arrears respecting certain
outstanding consulting fees owing to a company controlled by a previous
director. However, to our knowledge, neither Savoy Resources, Siranna nor our
material assets or properties are subject to any actual or pending legal
proceedings that could have a material adverse effect on us or our various
business interests.


Item 2. Changes in Securities.

     (a) No instruments defining the rights of stockholders of our common stock
have been modified.

     (b) No rights evidenced by our common stock have been limited or qualified
by the issuance or modification of any other class of securities.

     (c) On January 19, 2004, we completed the acquisition of 97% of the issued
and outstanding shares of Siranna pursuant to the Share Purchase Agreement dated
December 23, 2003, between us and Mr. Geoffrey Armstrong. Under the terms of the
Share Purchase Agreement, we issued 7,500,000 shares of our common stock to Mr.
Armstrong in the exchange. This share amount is prior to the three-for-one
forward stock split effective on March 26, 2004, and has not been restated to
give effect to the stock split. Siranna owns two gemstone exploration properties
in northern Madagascar, together with full resource exploitation and gemstone
exportation permits.


                                       14
<PAGE>
     (d) Under Rule 463, d. 3., of the Securities Act of 1933, we are not
required to report any information pursuant to this item.

     (e) There were no repurchases of common stock made by or on behalf of Savoy
Resources or any "affiliated purchaser," as defined in Rule 10b-18(a)(3) of the
Securities Act, during the quarter ended March 31, 2004, covered by this report.


Item 3. Defaults Upon Senior Securities.

     We have no indebtedness as of the date of this report.


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

     On January 19, 2004, the Board of Directors, and, on March 23, 2004, a
majority of our stockholders, at a special meeting, approved the change of our
name from "Savoy Capital Investments, Inc." to "Savoy Resources Corp." together
with a three-for-one forward split of our outstanding shares of common stock.
14,888,310 shares of common stock, comprising approximately 80.5% of our
outstanding common stock, were represented by proxy at the special meeting of
stockholders, constituting a quorum. A total of 14,888,310 votes were cast in
favor of the name change and the forward stock split and no votes were cast
against, or abstained from voting on, these proposed resolutions. There were
7,500,000 shares of common stock owned by Mr. Geoffrey Armstrong represented in
person at the special meeting.

     On March 23, 2004, we filed Articles of Amendment to our Articles of
Incorporation with the Colorado Secretary of State to amend our Amended and
Restated Articles of Incorporation in connection with the change of name and the
forward stock split. The name change and the forward split became effective at
the opening of business on March 26, 2004, at which time our 16,890,000 then
outstanding shares of common stock became 50,670,000 outstanding shares. Except
as otherwise indicated, the information in this report gives retroactive effect
to the name change and the forward split.


Item 5. Other Information.

         There is no information to be reported under this item with respect to
which information is not otherwise called for by this form.


                                       15
<PAGE>
Item 6.  Exhibits and Reports on Form 8-K.

     (a) The exhibits required by Item 601 of Regulation S-B, as described in
the following index of exhibits, are incorporated by reference in, or filed
with, this report, as follows:

  Item
 Number                            Description
--------  ----------------------------------------------------------------------
3.1       Articles of Incorporation of Savoy Capital Investments, Inc., filed
          March 6, 1997. (Incorporated in this report by reference to Exhibit
          3.1 to the Registration Statement on Form 10-SB, File No. 000-32103,
          filed on December 8, 2000.)

3.2       Amended and Restated Articles of Incorporation of Savoy Capital
          Investments, Inc., filed October 26, 1998. (Incorporated in this
          report by reference to Exhibit 3.2 to the Registration Statement on
          Form 10-SB, File No. 000-32103, filed on December 8, 2000.)

3.3       Articles of Amendment to the Articles of Incorporation of Savoy
          Capital Investments, Inc., filed on March 23, 2004. (Incorporated in
          this report by reference to Exhibit 3.2 to the Annual Report on Form
          10-KSB, File No. 000-32103, filed on April 26, 2004.)

3.4       Bylaws of Savoy Capital Investments, Inc. (Incorporated in this report
          by reference to Exhibit 3.3 to the Registration Statement on Form
          10-SB, File No. 000-32103, filed on December 8, 2000.)

4.0       Form of stock certificate. (Incorporated in this report by reference
          to Exhibit 4.0 to the Annual Report on Form 10-KSB filed on April 3,
          2001.)

4.1       Savoy Capital Investments, Inc. Stock Option Plan. (Incorporated in
          this report by reference to Exhibit 4.1 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

4.2       Savoy Capital Investments, Inc. Non-Employee Directors and Consultants
          Retainer Stock Option Plan for the Year 2003. (Incorporated in this
          report by reference to Exhibit 4.2 to the Annual Report on Form 10-KSB
          filed on April 26, 2004.)

4.3       Stock Option Plan Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Robert T. Slavik as to 4,500,000 shares
          of common stock. (Incorporated in this report by reference to Exhibit
          4.3 to the Annual Report on Form 10-KSB filed on April 26, 2004.)

4.4       Stock Option Plan Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Jean Bruno Besy Andriamanolo as to
          2,000,000 shares of common stock. (Incorporated in this report by
          reference to Exhibit 4.4 to the Annual Report on Form 10-KSB filed on
          April 26, 2004.)


                                       16
<PAGE>
4.5       Stock Option Plan Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Therese Ramond as to 1,000,000 shares
          of common stock. (Incorporated in this report by reference to Exhibit
          4.5 to the Annual Report on Form 10-KSB filed on April 26, 2004.)

4.6       Stock Option Plan Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Katalin Williams as to 1,000,000 shares
          of common stock. (Incorporated in this report by reference to Exhibit
          4.6 to the Annual Report on Form 10-KSB filed on April 26, 2004.)

4.7       Stock Option Plan Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Tianjin Chinaquantum Investment and
          Trade Co. Ltd. as to 500,000 shares of common stock. (Incorporated in
          this report by reference to Exhibit 4.7 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

4.8       Stock Option Plan Agreement dated January 8, 2004, between Savoy
          Capital Investments, Inc., and Devlin Jensen as to 300,000 shares of
          common stock. (Incorporated in this report by reference to Exhibit 4.8
          to the Annual Report on Form 10-KSB filed on April 26, 2004.)

10.0      Share Purchase Agreement dated December 23, 2003, between Savoy
          Capital Investments, Inc., and Geoffrey Armstrong with regard to the
          issuance of 7,500,000 shares of common stock in exchange for 97% of
          Societe Siranna S.A.R.L. (Incorporated in this report by reference to
          Exhibit 10.0 to the Annual Report on Form 10-KSB filed on April 26,
          2004.)

10.1      Executive Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Floyd Wandler. (Incorporated in this
          report by reference to Exhibit 10.1 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

10.2      Consulting Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Robert T. Slavik of Pacific Gems
          Trading. (Incorporated in this report by reference to Exhibit 10.2 to
          the Annual Report on Form 10-KSB filed on April 26, 2004.)

10.3      Consulting Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Jean Bruno Besy Andriamanolo.
          (Incorporated in this report by reference to Exhibit 10.3 to the
          Annual Report on Form 10-KSB filed on April 26, 2004.)

10.4      Consulting Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Weigo Lang of Tianjin Chinaquantum
          Investment and Trade Co. Ltd. (Incorporated in this report by
          reference to Exhibit 10.4 to the Annual Report on Form 10-KSB filed on
          April 26, 2004.)


                                       17
<PAGE>
10.5      Consulting Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Byron Hampton. (Incorporated in this
          report by reference to Exhibit 10.5 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

10.6      Consulting Services Agreement dated January 2, 2004, between Savoy
          Capital Investments, Inc., and Geoffrey Armstrong. (Incorporated in
          this report by reference to Exhibit 10.6 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

10.7      Product Marketing Consulting Services Agreement dated January 2, 2004,
          between Savoy Capital Investments, Inc., and Therese Raymond.
          (Incorporated in this report by reference to Exhibit 10.7 to the
          Annual Report on Form 10-KSB filed on April 26, 2004.)

10.8      Product Marketing Consulting Services Agreement dated January 2, 2004,
          between Savoy Capital Investments, Inc., and Katalin Williams.
          (Incorporated in this report by reference to Exhibit 10.8 to the
          Annual Report on Form 10-KSB filed on April 26, 2004.)

10.9      Business Consultant Services Agreement dated January 2, 2004, between
          Savoy Capital Investments, Inc., and Art Charpentier. (Incorporated in
          this report by reference to Exhibit 10.9 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

10.10     Consulting Agreement dated February 3, 2004, between Savoy Capital
          Investments, Inc., and Andrew N. Peterie, Sr. (Incorporated in this
          report by reference to Exhibit 10.10 to the Annual Report on Form
          10-KSB filed on April 26, 2004.)

10.1      Contract Between The First Institute of Geology Exploration of
          Hilongjiang Province and Savoy Resources Limited Corporation dated
          March 2004. (Incorporated in this report by reference to Exhibit 10.11
          to the Annual Report on Form 10-KSB filed on April 26, 2004.)

10.12     Letter Agreement for China Joint Venture among Savoy Resources Corp.
          , ATAC Resources Ltd., Cash Minerals Ltd., Strategic Metals Ltd. and
          Archer, Cathro & Associates (1981) Limited dated January 22, 2004.
          (Incorporated in this report by reference to Exhibit 10.12 to the
          Annual Report on Form 10-KSB filed on April 26, 2004.)

31.1      Certification pursuant to Section 302 of the Sarbanes-Oxley
          Act of 2002.

32.1      Certification pursuant to Section 906 of the Sarbanes-Oxley
          Act of 2002.


                                       18
<PAGE>
     (b)  Reports on Form 8-K.

     The reports on Form 8-K or 8-K/A described below were filed during the
quarter ended March 31, 2004, covered by this report. No financial statements
were filed as a part of any of these reports except for the report on Form 8-K/A
filed on March 22, 2004.

            Date of Report on Form 8-K or 8-K/A             Items Reported
         ----------------------------------------           --------------

           1.  Form 8-K filed on January 12, 2004             Item 5
           2.  Form 8-K filed on January 20, 2004             Item 5
           3.  Form 8-K filed on January 23, 2004             Item 5
           4.  Form 8-K filed on February 3, 2004             Item 5
           5.  Form 8-K filed on February 17, 2004            Item 5
           6.  Form 8-K/A filed on March 22, 2004             Item 7
           7.  Form 8-K filed on March 25, 2004               Item 5
           8.  Form 8-K filed on March 31, 2004               Item 5
           9.  Form 8-K filed on April 30, 2004               Item 5
          10.  Form 8-K filed on May 18, 2004                 Items 4 and 7




                                   SIGNATURES

     The financial information furnished in this report has not been audited by
an independent accountant; however, in the opinion of management, all
adjustments (only consisting of normal recurring accruals) necessary for a fair
presentation of the results of operations for the quarter ended March 31, 2004,
have been included.

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

                                                SAVOY RESOURCES CORP.



Date:  May 28, 2004                             By: /s/ Floyd A. Wandler
                                                    --------------------
                                                    Floyd A. Wandler, President



                                       19


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