| Yukon, Canada                                                  | 04-3779327                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

|  5300 DTC Parkway, Suite 350 Greenwood Village, Colorado 80111 |
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| Large accelerated filer [ ]                                           | Accelerated File [ ]                                   |
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| Non-accelerated filer (do not check if smaller reporting company) [ ] | Smaller reporting company    [ X ] |

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|---------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                          |   | January 31, 2011 |   |   | July 31, 2010 |   |
|                                                                                                          |
| ASSETS                                                                                                        |   | (Unaudited) |   |   |   |   |
| Current                                                                                                       |   |   |   |   |   |   |
| Cash and cash equivalents                                                                                     |   | $ | 924 |   |   | $ | 239 |   |
| Total current assets                                                                                          |   | $ | 924 |   |   | $ | 239 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                         |   |   |   |   |   |   |   |   |
| Current liabilities                                                                                           |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                                                      |   | $ | 133,554 |   |   | $ | 136,105 |   |
| Due to related parties                                                                                        |   |   | 44,627 |   |   |   | 47,127 |   |
| Liabilities due to related parties to be settled in stock                                                     |   |   | 488,500 |   |   |   | 463,500 |   |
| Total current liabilities                                                                                     |   |   | 666,681 |   |   |   | 646,732 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Commitments and Contingencies                                                                                 |   |   | - |   |   |   | - |   |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Stockholders' deficit                                                                                         |   |   |   |   |   |   |   |   |
| Preferred stock:  no par value, 100,000,000 shares authorized, no shares issued or outstanding      |   |   | - |   |   |   | - |   |
| Common stock:  no par value, 100,000,000 authorized, 11,809,982 issued                              |   |   |   |   |   |   |   |   |
| and outstanding                                                                                               |   |   | 2,804,748 |   |   |   | 2,804,748 |   |
| Deficit accumulated during development stage                                                                  |   |   | (1,312,579 | ) |   |   | (1,293,315 | ) |
| Accumulated deficit                                                                                           |   |   | (1,899,000 | ) |   |   | (1,899,000 | ) |
| Accumulated other comprehensive loss                                                                          |   |   | (258,926 | ) |   |   | (258,926 | ) |
|    Total stockholders' deficit                                                                 |   |   | (665,757 | ) |   |   | (646,493 | ) |
|            Total liabilities and Stockholders' deficit |   | $ | 924 |   |   | $ | 239 |   |

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|                                                                       |   | Three-Month Period ended January 31, 2011 (Unaudited) |              |   | Three-MonthPeriod ended January 31, 2010(Unaudited) |   |       | Six-MonthPeriod ended January 31, 2011(Unaudited) |   |   | Six-MonthPeriod endedJanuary 31, 2010(Unaudited) |   |   |   Cumulative from the Beginning of Development Stage (August 1, 2002) toJanuary 31, 2011(Unaudited) |       |
|----------------------------------------------------------------------------|--------|-------------------------------------------------------|-------------------|--------|-----------------------------------------------------|--------|------------|---------------------------------------------------|--------|--------|--------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------|------------|
|                                                                       |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| REVENUE                                                                    |   | $                                                     | -                 |   |                                                | $      | -          |                                              |   | $      | -                                                |   |   | $                                                                                                             | -          |   |   | $ | - |   |
|  EXPENSES                                                             |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| General and administrative expenses                                        |   |                                                  | 620               |   |                                                |   | 5,073      |                                              |   |   | 1,055                                            |   |   |                                                                                                          | 8,296      |   |   |   | 838,054 |   |
| Professional fees                                                          |   |                                                  | 4,673             |   |                                                |   | 7,330      |                                              |   |   | 18,122                                           |   |   |                                                                                                          | 31,959     |   |   |   | 481,280 |   |
| Total expenses                                                             |   |                                                  | 5,293             |   |                                                |   | 12,403     |                                              |   |   | 19,177                                           |   |   |                                                                                                          | 40,255     |   |   |   | 1,319,334 |   |
| Loss before other income and (expenses)                                    |   |                                                  | (5,293            | )      |                                                |   | (12,403    | )                                                 |   |   | (19,177                                          | )      |   |                                                                                                          | (40,255    | ) |   |   | (1,319,334 | ) |
|                                                                       |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| OTHER INCOME AND (EXPENSES)                                                |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| Interest expense                                                           |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | (87                                              | )      |   |                                                                                                          | -          |   |   |   | (51,348 | ) |
| Settlement income                                                          |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 44,653 |   |
| Gain (loss) on settlement of debt                                          |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 72,603 |   |
| Loss on write-off of other receivable                                      |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (18 | ) |
| Foreign currency translation income                                        |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 1,651 |   |
| Loss on write-down of other asset                                          |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (20,397 | ) |
| Loss on disposal of fixed asset                                            |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (719 | ) |
| Consulting and administrative income                                       |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 2,676 |   |
| Gain on advances for film production                                       |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 500 |   |
| Other expense                                                              |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (2,765 | ) |
| Other income                                                               |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | 2,407 |   |
| Total Other income and (expense)                                           |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | (87                                              | )      |   |                                                                                                          | -          |   |   |   | 49,243 |   |
| Loss before income taxes                                                   |   |                                                  | (5,293            | )      |                                                |   | (12,403    | )                                                 |   |   | (19,264                                          | )      |   |                                                                                                          | (40,255    | ) |   |   | (1,270,091 | ) |
| Provision for income taxes                                                 |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | - |   |
| Net Loss from Continuing Operations                                        |   | $                                                     | (5,293            | )      |                                                | $      | (12,403    | )                                                 |   | $      | (19,264                                          | )      |   | $                                                                                                             | (40,255    | ) |   | $ | (1,270,091 | ) |
| DISCONTINUED OPERATIONS:                                                   |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
|  Loss from discontinued operations                                    |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (42,488 | ) |
| Net Loss                                                                   |   | $                                                     | (5,293            | )      |                                                | $      | (12,403    | )                                                 |   | $      | (19,264                                          | )      |   | $                                                                                                             | (40,255    | ) |   | $ | (1,312,579 | ) |
| OTHER COMPREHENSIVE LOSS                                                   |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
|  Foreign currency translation adjustments                             |   |                                                  | -                 |   |                                                |   | -          |                                              |   |   | -                                                |   |   |                                                                                                          | -          |   |   |   | (258,926 | ) |
| Comprehensive loss                                                         |   | $                                                     | (5,293            | )      |                                                | $      | (12,403    | )                                                 |   | $      | (19,264                                          | )      |   | $                                                                                                             | (40,255    | ) |   | $ | (1,571,505 | ) |
| BASIC AND DILUTED LOSS PER COMMON SHARE:                                   |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| Basic and diluted loss per common share                                    |   |                                                  |  *           |   |                                                |   | *          |                                              |   |   | *                                                |   |   |                                                                                                          | *          |   |   |   |   |   |
| Weighted average number of common shares outstanding                       |   |                                                  |   11,809,982 |   |                                                |   | 11,809,982 |                                              |   |   | 11,809,982                                       |   |   |                                                                                                          | 11,809,982 |   |   |   |   |   |
|                                                                       |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| * - Less than (0.01)                                                       |   |
|                                                                       |   |                                                  |              |   |                                                |   |       |                                              |   |   |                                             |   |   |                                                                                                          |       |   |   |   |   |   |
| See accompanying notes to the unaudited consolidated financial statements. |   |

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|                                                                                  |   | Six-MonthPeriod endedJanuary 31, 2011 (Unaudited) |    |   | Six-MonthPeriod endedJanuary 31, 2010(Unaudited) |   |    | Cumulative from the Beginning of Development Stage (August 1, 2002) to January 31, 2011 (Unaudited) |   |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------|---------|--------|--------------------------------------------------|--------|---------|-----------------------------------------------------------------------------------------------------|--------|
| CASH FLOWS (TO) FROM OPERATING ACTIVITIES                                             |   |                                                   |    |   |                                             |   |    |                                                                                                |   |
| Net income (loss) from operations                                                     |   | $                                                      | (19,264 | )      |                                             | $      | (40,255 | )                                                                                                   |   | $ | (1,312,579 | ) |
| Adjustments to reconcile net  loss to net cash used in operating activities |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Loss from discontinued operations                                                     |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 42,488 |   |
| Loss on disposal of fixed asset                                                       |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 719 |   |
| Loss on write down of other assets                                                    |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 20,397 |   |
| Gain on settlement of debt                                                            |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (72,010 | ) |
| Loss on write off of other receivables                                                |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 18 |   |
| Depreciation expense                                                                  |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 7,356 |   |
| Common stock issued for services                                                      |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 50,000 |   |
| Changes in assets and liabilities:                                                    |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Decrease (increase) in other receivables                                              |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 20,421 |   |
| Decrease (Increase) in prepaid expenses                                               |   |                                                   | -       |   |                                             |   | (2,497  | )                                                                                                   |   |   | 37 |   |
| Increase (decrease) in accounts payable and accrued liabilities                       |   |                                                   | (2,551  | )      |                                             |   | (5,412  | )                                                                                                   |   |   | 417,620 |   |
| Increase in due to related parties to be settled in stock                             |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 27,250 |   |
| Increase (decrease) in due to related parties                                         |   |                                                   | (2,500  | )      |                                             |   | 1,580   |                                                                                                |   |   | 209,784 |   |
| Net cash (used in) provided by operating activities                                   |   |                                                   | (24,315 | )      |                                             |   | (46,584 | )                                                                                                   |   |   | (588,499 | ) |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| CASH FLOWS (TO) FROM INVESTING ACTIVITIES                                             |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Purchase of fixed assets                                                              |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (2,194 | ) |
| Acquisition of receivables portfolios                                                 |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (76,171 | ) |
| Advances for film production                                                          |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (20,397 | ) |
| Collection of receivables portfolios                                                  |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 24,139 |   |
| Net cash used in investing activities                                                 |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (74,623 | ) |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| CASH FLOWS (TO) FROM FINANCING ACTIVITIES                                             |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Issuance of common stock for cash                                                     |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 170,229 |   |
| Stock subscriptions received in advance                                               |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 31,753 |   |
| Proceeds from notes payable-related party                                             |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 328,575 |   |
| Repayment of promissory notes payable                                                 |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (4,811 | ) |
| Proceeds from sale of common stock to be issued                                       |   |                                                   | 25,000  |   |                                             |   | 60,000  |                                                                                                |   |   | 147,500 |   |
| Repayments to related parties                                                         |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | (10,000 | ) |
| Net cash provided by (used in) financing activities                                   |   |                                                   | 25,000  |   |                                             |   | 60,000  |                                                                                                |   |   | 663,246 |   |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Effect of foreign currency translation                                                |   |                                                   | -       |   |                                             |   | -       |                                                                                                |   |   | 364 |   |
| Change in cash and cash equivalents during period                                     |   |                                                   | 685     |   |                                             |   | 13,416  |                                                                                                |   |   | 488 |   |
| Cash and cash equivalents beginning of the period                                     |   |                                                   | 239     |   |                                             |   | 2,599   |                                                                                                |   |   | 436 |   |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |
| Cash and cash equivalents end of the period                                           |   | $                                                      | 924     |   |                                             | $      | 16,015  |                                                                                                |   | $ | 924 |   |
|                                                                                  |   |                                                   |    |   |                                             |   |    |                                                                                                |   |   |   |   |

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|   | Organization |
|--------|--------------|

|   | Bravo Resource Partners Ltd. (the “Company”) was incorporated in the Province of British Columbia on November 14, 1986, and continued into the Yukon Territory under the Business Corporations Act on January 21, 2000. The Company is in the development stage as defined in Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 915, "Development Stage Entities". The Company's fiscal year end is July 31. |
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|   | The Company’s common stock trades on the pink sheets under the stock symbol “BRPNF”.  |
|--------|-------------------------------------------------------------------------------------------------------------------|

|   | Going-concern |
|--------|---------------|

|   | The Company’s consolidated financial statements are prepared in conformity with generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  However, as shown in the accompanying consolidated financial statements, the Company has sustained substantial losses from operations since inception, and as of January 31, 2011, had an accumulated deficit of $3,211,579 and a working capital deficit of $665,757.  The Company has no current source of revenue. These factors, among others, raise substantial doubt that the Company will be able to continue as a going concern for a reasonable amount of time.  These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue operations. The Company's continuation as a going concern is contingent upon its ability to obtain additional financing, and to generate revenue and cash flow to meet its obligations on a timely basis.  It is management’s plan in this regard to obtain additional working capital through equity financing. The Company is currently precluded from issuing stock because it is subject to cease trade orders issued by the British Columbia Securities Commission and the Alberta Securities Commission.  The cease trade orders were issued because of the Company's failure to provide the required financial disclosures.  The Company plans to apply to have the cease trade orders lifted once it becomes current on its financial disclosures. In addition, the Company is currently precluded from trading stock in the United States due to a chill put in place by the DTCC resulting from shares that were illegally issued. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For a full description of the Company’s significant accounting policies, refer to the footnotes to the audited financial statements for the Company for its fiscal year ended July 31, 2010, included in the Company’s Annual Report on Form 10-K for that year. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Unaudited financial statementsThe accompanying unaudited consolidated financial statements of Bravo Resource Partners Ltd. and subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles for interim information and with the instructions to Form 10-Q and Regulation S-X promulgated by the Securities and Exchange Commission ("SEC").  Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.  In the opinion of management, these consolidated financial statements include all adjustments of a normal and recurring nature necessary for a fair presentation.  These unaudited interim financial statements should be read in conjunction with the audited financial statements and notes thereto included on Form 10-K for the period ended July 31, 2010.  Operating results for the six months ended January 31, 2011, may not necessarily be indicative of the results that may be expected for the year ending July 31, 2011. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Principles of ConsolidationThese consolidated financial statements include the accounts of the Company and its wholly-owned inactive subsidiaries, Minera Oro Bravo S.A., a company incorporated in Costa Rica, and Minera Oro Bravo Mexico, S.A. de C.V., a company incorporated in Mexico.  Significant inter-company balances and transactions were eliminated upon consolidation. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Use of Estimates |
|--------|------------------|

|   | The preparation of the Company’s financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes.  Actual results could differ from those estimates. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cash and Cash EquivalentsFor purposes of reporting cash flows, cash and cash equivalents consist of time deposits and all liquid instruments with original maturities of three months or less. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Income Taxes |
|--------|--------------|

|   | In accordance with ASC Topic 740, "Income Taxes", the Company accounts for income taxes under the asset and liability method. Deferred 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 basis and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company has adopted ASC Topic 740, " Income Taxes", as of August 1, 2007. ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in companies’ financial statements in accordance with ASC Topic 740.  As a result, the Company applies a more-likely-than-not recognition threshold for all tax uncertainties.  ASC Topic 740 only allows the recognition of those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities. As a result of implementing ASC Topic 740, the Company’s management has reviewed the Company’s tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore the implementation of this standard has not had a material affect on the Company. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Based on its evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. The Company’s evaluation was performed for the tax years ended July 31, 2006 through 2010 for U.S. Federal Income Tax and for the State of Colorado Income Tax, the tax years which remain subject to examination by major tax jurisdictions as of January 31, 2011. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company does not have any unrecognized tax benefits as of August 1, 2007 and January 31, 2011 which if recognized would affect the Company’s effective income tax rate. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2. | SIGNIFICANT ACCOUNTING POLICIES (cont.) Income Taxes (cont.)The Company’s policy is to recognize interest and penalties related to income tax issues as components of income tax expense. The Company did not recognize or incur any accrual for interest and penalties relating to income taxes as of January 31, 2011. Basic and Diluted Net Loss Per ShareASC Topic 260, "Earnings Per Share", provides for the calculation of “Basic” and “Diluted” earnings per share.  Basic net loss per common share includes no dilution and is computed by dividing the net loss by the weighted average number of common shares outstanding during each period.  All potentially dilutive securities have been excluded from the computations since they would be anti-dilutive.  As of January 31, 2011 and 2010, there are no outstanding warrants, options or other potentially dilutive securities outstanding. Concentrations of Credit RiskThe Company maintains all cash in bank accounts, which at times may exceed federally insured limits.  The Company has not experienced a loss in such accounts. Recently Issued Accounting PronouncementsThe Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements including those not yet effective is not anticipated to have a material effect on the operations of the Company. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   3.  | RELATED PARTY TRANSACTIONS During the six-month period ended January 31, 2011, the Company entered into the following related party transactions: On August 17, 2010, the Company entered into a Stock Purchase Agreement with Alpine Pictures, Inc., whereby Alpine agreed to purchase 900,000 shares of common stock for $9,000 or $0.01 per share.  The Company has received all funds due pursuant to the agreement.  The stock is to be issued when the Alberta and British Columbia cease trade orders, which currently prevent the Company from issuing stock, are lifted, see Note 4. On September 3, 2010, the Company entered into a Stock Purchase Agreement with Alpine Pictures, Inc., whereby Alpine agreed to purchase 1,000,000 shares of common stock for $10,000 or $0.01 per share.  The Company received all funds pursuant to the agreement.  The stock is to be issued when the Alberta and British Columbia cease trade orders, which currently prevent the Company from issuing stock, are lifted, see Note 4. On November 26, 2010, the Company entered into a Stock Purchase Agreement with Alpine Pictures, Inc., whereby Alpine agreed to purchase 600,000 shares of common stock for $6,000 or $0.01 per share.  The Company received all funds pursuant to the agreement.  The stock is to be issued when the Alberta and British Columbia cease trade orders, which currently prevent the Company from issuing stock, are lifted, see Note 4. As of January 31, 2011, Alpine Pictures, Inc., has entered into a total of ten Stock Purchase Agreements with a total investment of $147,500 for 4,875,000 common shares.  Alpine Pictures, Inc., has also agreed to the conversion of debt into 1,575,000 common shares of the Company.  At the present time, the Company will issue a total of 6,400,000 common shares to Alpine Pictures, Inc., once the cease trade orders are lifted. During the six-month period ended January 31, 2011, the Company reimbursed its current Acting Chief Executive Officer $2,500 for an equal amount paid to vendors by the Officer in the prior year ended July 31, 2010 Liabilities due to related parties to be settled in stockThe following table sets forth the total liability amount to be settled by the issuance of common shares to all related parties as of the dates set forth contingent upon the cease trade orders from the British Columbia Securities Commission and the Alberta Securities Commission being lifted.    If the Company is unable to have the cease trade orders lifted and therefore is unable to issue the common shares set forth below, then the liabilities will be settled in cash at their recorded values set forth herein or otherwise renegotiated. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Liabilities due to related parties to be settled in stock |   | Liability Amount |        |   | Shares to be Issued |   |          | Price per share |   |
|-----------------------------------------------------------|--------|------------------|-------------|--------|---------------------|--------|---------------|-----------------|--------|
|                                                      |   |             |        |   |                |   |          |            |   |   |   |   |
| Balance July 31, 2006 (Asset Solutions)                   |   | $                |  7,500 |   |                |   |   76,316 |            |   | $ |  0.10 |   |
|                                                      |   |             |        |   |                |   |          |            |   |   |   |   |
| Asset Solutions for 2007 services                         |   |             | 17,500      |   |                |   | 356,957       |            |   |   | 0.05 |   |

| Balance, July 31, 2007                                                            |   |   | 25,000  |   |   |   | 433,273   |   |   |   |   |
|-----------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|-----------|--------|--------|--------|--------|
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |
| Michael Meier ($9,750 current and $16,250 reclassified from due to related party) |   |   | 26,000  |   |   |   | 260,000   |   |   |   | 0.1    |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, July 31, 2008                                                            |   |   | 51,000  |   |   |   | 693,273   |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Settlement with Ernest Staggs                                                     |   |   | 70,000  |   |   |   | 700,000   |   |   |   | 0.1    |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Settlement with Tyrone and Tabea  Carter                                     |   |   | 70,000  |   |   |   | 700,000   |   |   |   | 0.1    |   |
| Settlement of Alpine Pictures, Inc.  note payable                       |   |   | 150,000 |   |   |   | 1,525,000 |   |   |   | 0.1    |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 2,500   |   |   |   | 25,000    |   |   |   | 0.1    |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 5,000   |   |   |   | 50,000    |   |   |   | 0.1    |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, October 31, 2008                                                         |   |   | 348,500 |   |   |   | 3,693,273 |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 20,000  |   |   |   | 400,000   |   |   |   | 0.05   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, January 31, 2009                                                         |   |   | 368,500 |   |   |   | 4,093,273 |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 15,000  |   |   |   | 300,000   |   |   |   | 0.05   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, April 30, 2009                                                           |   |   | 383,500 |   |   |   | 4,393,273 |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 20,000  |   |   |   | 400,000   |   |   |   | 0.05   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, July 31, 2009                                                            |   |   | 403,500 |   |   |   | 4,793,273 |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 30,000  |   |   |   | 600,000   |   |   |   | 0.05   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, October 31, 2009                                                         |   |   | 433,500 |   |   |   | 5,393,273 |   |   |   |   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Sale of stock to Alpine Pictures, Inc.                                            |   |   | 30,000  |   |   |   | 600,000   |   |   |   | 0.05   |   |
|                                                                              |   |   |    |   |   |   |      |   |   |   |   |   |
| Balance, July 31, 2010                                                            |   |   | 463,500 |   |   |   | 5,993,273 |   |   |   |   |   |

|                                          |   |   |                                                        |   |   |         |                                  |   |   |   |                                                              |   |
|-----------------------------------------------|--------|--------|-------------------------------------------------------------|--------|--------|--------------|---------------------------------------|--------|--------|--------|-------------------------------------------------------------------|--------|
| Sales of stock to Alpine Pictures, Inc.  |   |   |        19,000            |   |   |         |   1,900,000                      |   |   |   |            0.01 |   |
| Balance, October 31, 2010                     |   |   | 482,500                                                     |   |   |         | 7,893,273                             |   |   |   |                                                              |   |
| Sales of stock to Alpine Pictures, Inc.  |   |   |          6,000 |   |   |    |      600,000 |   |   |   |            0.01 |   |
| Balance, January 31, 2011                     |   | $      | 488,500                                                     |   |   |         | 8,493,273                             |   |   |   |                                                              |   |

----

----

|   | Bravo Resource Partners Ltd. (the “Company”) was incorporated in the Province of British Columbia on November 14, 1986, and continued into the Yukon Territory under the Business Corporations Act on January 21, 2000. The Company is in the development stage as defined in Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 915, "Development Stage Entities". The Company's fiscal year end is July 31.  The Company’s common stock trades on the pink sheets under the stock symbol “BRPNF”.  |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| SUMMARY OF CASH FLOWS                     |   |
|-------------------------------------------|--------|
|                                      |   | For the Six-Month Period Ended January 31, 2011 (Unaudited) |   |   | For the Six-Month Period Ended January 31, 2010 (Unaudited) |   |   | Cumulative from the Beginning of Development Stage (August 1, 2002) to January 31, 2011 (Unaudited) |   |
| Cash provided by or (used in):            |   |   |   |   |   |   |   |   |   |
| Operating activities                      |   | $ | (24,315 | ) |   | $ | (46,584 | ) |   | $ | (588,499) |   |
| Investing activities                      |   | $ | - |   |   | $ | - |   |   | $ | (74,623) |   |
| Financing activities                      |   | $ | 25,000 |   |   | $ | 60,000 |   |   | $ | 663,246 |   |
| Net change in cash & cash equivalents |   | $ | 685 |   |   | $ | 13,416 |   |   | $ | 488 |   |

----

----

----

| Exhibit No.                  | Exhibit Name                                        |
|------------------------------|-----------------------------------------------------|
|                         |                                                |
| Exhibit 3.1*                 | Articles of Incorporation                           |
| Exhibit 4*    | Instruments Defining the Rights of Security Holders |
| Exhibit 31.1                 | Rule 13a-14(a) Certifications                       |
| Exhibit 31.2                 | Rule 13a-14(a) Certifications                       |
| Exhibit 32.1                 | Section 1350 Certifications                         |

----

|                | BRAVO RESOURCE PARTNERS LTD. |                                          |
|---------------------|------------------------------|-----------------------------------------------|
|                |                         |                                          |   |
| Date March 17, 2011 | By:                          | /s/  Tyrone Carter                       |   |
|                |                         | Tyrone Carter, Acting Chief Executive Officer |   |
|                |                         |                                          |   |

----

----