UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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 February 28, 2003

         TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
------   ACT OF 1934

                  For the transition period from ______________ to _____________



                        Commission File Number: 000-30779
                                                ---------

                        Shimoda Resources Holdings, Inc.
        (Exact name of small business issuer as specified in its charter)

         Nevada                                                 75-2843787
(State of incorporation)                                (IRS Employer ID Number)

             1555 Flamingo Road, Suite 155, Las Vegas, Nevada 89119
                    (Address of principal executive offices)

                                  203-563-9430
                           (Issuer's telephone number)

           ElPlata Corporation (formerly El Plata Mining Corporation)
              (Former name, former address and former fiscal year,
                         if changed since last report)




Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.  YES X  NO
                                                              ---   ---

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest  practicable  date:  As of February  28, 2003 there were
2,293,282 shares of Common Stock issued and outstanding.

Transitional Small Business Disclosure Format (check one):  YES    NO X
                                                               ---   ---


<PAGE>

                        Shimoda Resources Holdings, Inc.

               Form 10-QSB for the Quarter ended February 28, 2003

                                Table of Contents


                                                                            Page
                                                                            ----
Part I - Financial Information

  Item 1 Financial Statements                                                 3

  Item 2 Management's Discussion and Analysis                                 9

  Item 3 Controls and Procedures                                             12


Part II - Other Information

  Item 1 Legal Proceedings                                                   12

  Item 2 Changes in Securities                                               12

  Item 3 Defaults Upon Senior Securities                                     12

  Item 4 Submission of Matters to a Vote of Security Holders                 12

  Item 5 Other Information                                                   12

  Item 6 Exhibits and Reports on Form 8-K                                    12


Signatures 13


Sabarnes-Oxley Certifications                                                13



















                                                                               2
<PAGE>
<TABLE>
<CAPTION>

Item 1 - Part 1 - Financial Statements

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

                        BALANCE SHEET - FEBRUARY 28, 2003




                                     ASSETS
<S>                                                          <C>           <C>
Current assets:
  Cash                                                       $        31
  Convertible note receivable                                     50,000
                                                             -----------

          Total current assets                                             $    50,031

Advances to Celtic Resources Holdings Plc                                       50,000

Investments (see Schedule A)                                                 9,353,390
                                                                           -----------

                                                                           $ 9,453,421
                                                                           ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities -
  due to Shimoda Capital Advisors Limited                                  $    55,000

Deferred tax liability                                                         147,878

Stockholders' equity:
  Common stock, $.001 par value, 100,000,000 shares
    authorized, 2,293,282 shares issued and outstanding            7,146
  Additional paid-in capital                                   9,153,039
  Accumulated deficit                                           (184,274)
  Accumulated other comprehensive income                         274,632
                                                             -----------

          Total stockholders' equity                                         9,250,543
                                                                           -----------

                                                                           $ 9,453,421
                                                                           ===========
</TABLE>












                                                                               3
<PAGE>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

            STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)




                                                   Three months    Three months
                                                       ended           ended
                                                   February 28,    February 28,
                                                       2003            2002
                                                   ------------    ------------

Revenues                                           $       --      $       --

General and administrative expenses                       4,009             682
                                                   ------------    ------------

Loss from operations                                     (4,009)           (682)

Other expense -
  interest expense                                         --                 8
                                                   ------------    ------------

Loss before provision for income taxes                   (4,009)           (690)

Provision for income taxes                                 --              --
                                                   ------------    ------------

Net loss                                                 (4,009)           (690)

Other comprehensive income, net of tax benefit:
  Foreign currency translation adjustment                38,191            --
  Unrealized gain on investments                         16,232            --
                                                   ------------    ------------

Other comprehensive income                               54,423            --
                                                   ------------    ------------

Comprehensive income (loss)                        $     50,414    $       (690)
                                                   ============    ============

Net loss per share, basic and diluted              $       --      $       --
                                                   ============    ============

Weighted average number of shares
  outstanding, basic and diluted                      1,230,480         169,010
                                                   ============    ============










                                                                               4
<PAGE>
<TABLE>
<CAPTION>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

            STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)




                                                          Six months      Six months
                                                             ended           ended
                                                         February 28,    February 28,
                                                             2003            2002
                                                         ------------    ------------
<S>                                                      <C>             <C>
Revenues                                                 $       --      $       --

General and administrative expenses                            42,391           1,603
                                                         ------------    ------------

Loss from operations                                          (42,391)         (1,603)

Other expense -
  interest expense                                               --                50
                                                         ------------    ------------

Loss before provision for income taxes                        (42,391)         (1,653)

Provision for income taxes                                       --              --
                                                         ------------    ------------

Net loss                                                      (42,391)         (1,653)

Other comprehensive income (loss), net of tax benefit:
  Foreign currency translation adjustment                      34,255            --
  Unrealized loss on investments                             (146,088)           --
                                                         ------------    ------------

Other comprehensive loss                                     (111,833)           --
                                                         ------------    ------------

Comprehensive loss                                       $   (154,224)   $     (1,653)
                                                         ============    ============

Net loss per share, basic and diluted                    $      (0.05)   $       (.01)
                                                         ============    ============

Weighted average number of shares
  outstanding, basic and diluted                              889,799         169,010
                                                         ============    ============
</TABLE>














                                                                               5
<PAGE>
<TABLE>
<CAPTION>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

                            STATEMENTS OF CASH FLOWS


                                                              Six months      Six months
                                                                 ended           ended
                                                             February 28,    February 28,
                                                                 2003            2002
                                                             ------------    ------------
<S>                                                          <C>             <C>
Cash flows provided by (used for) operating activities:
  Net loss                                                   $    (42,391)   $     (1,653)
                                                             ------------    ------------

  Adjustments to reconcile net loss to net cash
    provided by (used for) operating activities:

  Changes in assets and liabilities:
    Increase (decrease) in liabilities:
      Advance to ASI                                                 --               (25)
      Accounts payable and accrued expenses                        (7,603)            803
      Due to related party                                         (5,300)           --
                                                             ------------    ------------

          Total adjustments                                       (12,903)            778
                                                             ------------    ------------

          Net cash used for operating activities                  (55,294)           (875)
                                                             ------------    ------------

Net cash used for investing activities:
  Deferred registration costs                                        --           (16,349)
  Payments to acquire shares in investments                      (150,000)           --
                                                             ------------    ------------

          Net cash used for investing activities                 (150,000)        (16,349)
                                                             ------------    ------------
Net cash provided by financing activities:
  Proceeds from issuance of common stock                          150,006          17,738
  Capital contributions - Shimoda Capital Advisors Limited         55,000            --
                                                             ------------    ------------

          Net cash provided by financing activities               205,006          17,738
                                                             ------------    ------------

Net increase (decrease) in cash                                      (288)            514
Cash, beginning of period                                             319              18
                                                             ------------    ------------

Cash, end of period                                          $         31    $        532
                                                             ============    ============

Supplemental disclosure of cash flow information -
No amounts were paid for interest or taxes

Supplemental disclosure of non-cash investing activity -
     Issuance of common stock in exchange for investments
       from a related party                                  $  6,499,440    $       --
                                                             ============    ============
</TABLE>








                                                                               6
<PAGE>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

                          NOTES TO FINANCIAL STATEMENTS

                       SIX MONTHS ENDED FEBRUARY 28, 2002



(1)      Summary of Significant Accounting Policies:

         Interim Financial Statements:

         The   accompanying   financial   statements   include  all  adjustments
(consisting  of only normal  recurring  accruals),  which are, in the opinion of
management,  necessary for a fair  presentation of the results of operations for
the periods  presented.  Interim results are not  necessarily  indicative of the
results to be expected for a full year. The financial  statements should be read
in conjunction  with the financial  statements  included in the annual report of
Shimoda  Resources  Holdings,  Inc. (The  "Company") on form 10-ksb for the year
ended August 31, 2002.

         General:

Shimoda Resources Holdings, Inc. was incorporated as El Plata Mining Corporation
under the laws of the state of Nevada on  February  23,  1973 and  restated  its
Articles  of  Incorporation  on  September  30,  1999.  The  September  30, 1999
restatement changed the Company's authorized number of shares from 20,000,000 to
100,000,000  and  changed the stated par value per share from $0.05 per share to
$0.001  per  share  and  changed  the  Company's   corporate   name  to  ElPlata
Corporation. In anticipation of a proposed transaction,  the Company changed its
corporate name to Shimoda Resources Holdings,  Inc. in April 2001. The effect of
all these actions is reflected in the  accompanying  financial  statements as of
the first day of the first period presented.

         Use of Estimates:

         The  preparation of financial  statements in conformity with accounting
principles   generally  accepted  in  the  United  States  of  America  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 reporting  period.  Actual  results could differ from those
estimates.

         Fair Value:

         Unless otherwise indicated,  the fair values of all reported assets and
liabilities,  which represent financial instruments,  none of which are held for
trading purposes, approximate the carrying values of such amounts.








                                                                               7
<PAGE>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                       SIX MONTHS ENDED FEBRUARY 28, 2002


(1)      Summary of Significant Accounting Policies, Continued:

         Marketable Securities:

         The Company accounts for investments  under the provisions of Statement
of Financial  Accounting  Standards  ("SFAS") No. 115,  "Accounting  for Certain
Investments in Debt and Equity Securities." Investment securities are classified
into one of three categories: held-to-maturity,  available-for-sale, or trading.
Securities  are  considered  held-to-maturity  when the Company has the positive
intent and ability to hold the  securities  to maturity.  These  securities  are
recorded as either short-term  investments or long-term marketable securities on
the balance sheet  depending upon their  original  contractual  maturity  dates.
Held-to-maturity  securities are stated at amortized cost, including adjustments
for  amortization  of  premiums  and  accretion  of  discounts.  Securities  are
considered  trading  when bought  principally  for the purpose of selling in the
near term.  Trading  securities are recorded as short-term  investments  and are
carried  at  market  value.  Unrealized  holding  gains and  losses  on  trading
securities  are included in  operating  income.  Securities  not  classified  as
held-to-maturity    or   as   trading   are    considered    available-for-sale.
Available-for-sale  securities are recorded as either short-term  investments or
long-term marketable  securities and are carried at market value with unrealized
gains and losses included in other comprehensive income in stockholders' equity.

         Comprehensive Income (Loss):

         SFAS No. 130, "Reporting  Comprehensive  Income," established new rules
for the reporting and display of comprehensive  income and its components.  SFAS
No. 130 requires unrealized gains or losses on the Company's  available-for-sale
securities  and foreign  currency  translation  adjustments  to be reported as a
separate component (comprehensive income/loss) of stockholders' equity.

(2)      Convertible Note Receivable:

         In January 2003, the Company  obtained a Convertible  Note (the "Note")
         from  European  Nickel Plc ("EN") for $50,000  cash.  The Note does not
         bear interest, and calls for EN to repay the note upon receipt by EN of
         (pound)1,000,000  from the Company  relating to a  subscription  by the
         Company for 1,666,666 ordinary (pound)0.01 shares of EN. If the Company
         does not  subscribe to the shares by March 17,  2003,  the Note will be
         converted into 51,875 ordinary (pound)0.01 shares of EN.

   Subsequent Event

         In March 2003,  the  Company  converted  the Note into 51,875  ordinary
(pound)0.01 shares of EN.

(3)      Due to Shimoda Capital Advisors Limited:

         In January  2003,  the  Company  obtained  an  interest-free  loan from
Shimoda Capital Advisors Limited, a company affiliated through common ownership.
The loan is due in May 2003.






                                                                               8
<PAGE>

                        SHIMODA RESOURCES HOLDINGS, INC.
                         (FORMERLY ELPLATA CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                       SIX MONTHS ENDED FEBRUARY 28, 2002



(4)      Common Stock Transactions:

         In January 2003, the Company issued  1,739,130  shares of its $.001 par
         value  common  stock for certain  assets of Shimoda  Resources  Limited
         ("SRL"), a company  affiliated through common ownership.  In accordance
         with Staff Accounting  Bulletin No. 48 of the United States  Securities
         and  Exchange  Commission,  the assets were  recorded at the  carryover
         basis of the transferor of $6,499,440, which is included in Investments
         in the  accompanying  balance  sheet (see  Schedule A). Such  carryover
         basis was obtained  from  unaudited  financial  statements of SRL as of
         December 31, 2002,  and could be subject to  adjustments  arising from,
         among other things, the completion of SRL's audit.



Part I - Item 2

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations

(1)      Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.

(2)      Critical Accounting Policies

Shimoda's financial statements and accompanying notes are prepared in accordance
with accounting  principles  generally accepted in the United States of America.
The  preparation  of these  financial  statements  requires  management  to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities at the date of the financial  statements and the reported amounts of
revenues  and  expenses  during  the  reporting  period.   These  estimates  and
assumptions  are affected by  management's  application of accounting  policies.
Refer to Note 2 of the Company's annual financial  statements on form 10-KSB for
the fiscal year ended August 31, 2002 for a complete discussion of the company's
critical accounting policies.




                                                                               9
<PAGE>

Shimoda'scritical   accounting   policies   include   valuation  of   marketable
securities,  which are based on published quotes from the TSX Venture  Exchange,
or in the  case of  securities  where  there  is no  publicly  traded  exchange,
management's estimates of fair values and impairment losses, if any.

(3)      Plan of Operation, Liquidity and Capital Resources

Shimoda's management continues to actively seek substantial additional financing
in order to pursue the acquisition of resource  licenses and resource  companies
that are based in Emerging Europe.

Shimoda has  identified a number of  additional  resource  licenses and resource
companies  that it is  interested  in  acquiring.  Shimoda  expects  to use like
exchange transactions and the proceeds of future share offerings,  following its
prior and proposed operating  methodology and business  principles to make those
acquisitions.

Our policy, under normal market circumstances, is to allocate substantially part
or all of our assets in Emerging Europe resource licenses and resource companies

Shimoda's  business strategy is to focus on the acquisition of resource licenses
and resource  companies,  which are at or  near-production,  in Emerging Europe.
More  specifically,  and as stated in prior  filings,  its strategy  entails the
following elements:

o        Selectively  acquiring high quality,  resource rich,  low-cost  mineral
         licenses and production companies.
o        Providing  where  necessary  high quality,  experienced  management for
         project start-up and development.
o        Providing  strategic  financial and capital  markets advice in order to
         increase the valuation of its holdings.


Acquisition of Assets

On January 23, 2003,  the  Registrant  entered  into an  agreement  with Shimoda
Resources  Limited  (Cyprus)  ("SRL") to  acquire  certain  shares in  operating
companies  and  companies  holding  licenses  and other  assets  in the  natural
resources sector in Emerging Europe,  which represent  substantially  all of the
assets of SRL, in exchange for 1,739,130 shares of the Registrant's newly issued
common  stock.  The  agreement  calls  for  SRL  to  provide  audited  financial
statements  for the period  ended  December  31,  2002,  which have not yet been
provided.

The Company has  received  audited  statements  from SRL for the periods  ending
December 31, 2000 and 2001.

Current Holdings

European  Nickel  plc - Turkey &  Albania  -  Regional  Deposits
The Ophiolite deposits  throughout South Eastern Europe have numerous identified
deposits of nickel laterites in countries including Turkey,  Greece,  Macedonia,
Albania,  Bosnia and Serbia.  The deposits' status range from Mineable  Resource
through to Inferred Resource. The nickel laterites of South East Europe have not
been available for development due to regional politics. The nickel laterites of
the region are also unique in their geological formation,  which enables them to
be amenable to a heap leach process that  European  Nickel has  developed.  This
ability to turn known, developed deposits from sub-economic to economic projects
in a region with diversified  political and economic risk and to develop a large
nickel  production  operation  in the  region  will have  significant  financial
benefits.




                                                                              10
<PAGE>

The Caldag  deposit in Western  Turkey is a high grade nickel  laterite ore body
which will be mined and exported  through the port of Izmir to Northern  Greece.
The ore will then be transported to a ferronickel  smelter in Macedonia and toll
treated  to  a  ferronickel  product.  Caldag  was  discovered  by  the  Turkish
Government Mining and Exploration Service, MTA (Maden Tetkik Arama). Exploration
began in 1974 and was completed in 1979. The  geological  resource of 56 million
tons at 1.28% nickel will be exploited, with a current market value in excess of
US$8 billion.

In total,  the  geological  resource of European  Nickel is 350 million  tons at
average  grade 1.21% nickel which will be exploited  (over 50% greater than 1.4%
nickel).

Revenue is set to start in April 2003 from Turkey.

Gulf International Minerals - Tajikistan
Gulf  International  Minerals signed a Joint Venture  Agreement in 1993 with the
State  Committee  of  Industrial  Affairs of the  Republic  of  Tajikistan.  The
agreement  was  negotiated to cover several  known  precious  metal  deposits in
Northern  Tajikistan and the concentrating  facility at Kansai. All the depsoits
are located within the gold bearing ore fields of the Tian Shan Fold, one of the
world's most  prolific  gold bearing  rock belts  running from  Kyrgystan to the
east, across Northern Tajikistan and west into Uzbekistan.  Gulf International's
geological  research  of the  former  Russian  archives  is  proving  to be very
exciting  with  positive  indications  of 60 gold  deposits,  some of which  are
sizeable.

The Company is currently  focusing its  energies on the  recommissioning  of the
Aprelevka deposit.  Having just completed massive works necessary to put the pit
into full production, the Russians only had time to extract approximately 30,000
oz of gold (after removing 9 million tons of rock overburden). This was achieved
at a grade of 6gms of gold per ton of ore.  They left behind a dynamic  open pit
gold deposit,  which overnight  became one of many Tajik businesses to close. It
remained  closed  until  Gulf  International   commenced  the  present  work  to
recommission the mine. It is calculated that with a mining cost of approximately
$135 per ounce of gold  recovered,  this mine will be one the  lowest  cost gold
producers in the world.

The  Burgunda/Ikkizhilon  deposits are in the company's focus in Phase II of the
Joint Venture  partnership in Tajikistan.  Early geological  reports indicated a
very exciting  opportunity  to prove up to several  million  ounces of gold. The
Karamazar Region makes up the "Blue Sky" for Gulf International,  representing a
land holding of approximately 2,000 sq kilometres.

Gold production commenced in September 2002.

Other  Holdings - The Company  acquired  shares in certain  resources  companies
whose primary assets are located in Eastern Europe (see Schedule A).

Plan of Operations

For the three months ended February 28, 2003 and 2002, respectively, the Company
incurred net  operating  losses as a result of expenses  principally  associated
with registration and compliance with reporting obligations under The Securities
Exchange  Act  of  1934,  other  administrative  expenses  associated  with  the
maintenance  of the  Company's  issued and  outstanding  stock  records  and the
preparation of certain  documents to support the  Corporation and documents that
were  required  to  attract  new  investors  pursuant  to  Regulation  S of  the






                                                                              11
<PAGE>

Securities  Act of 1933,  as amended , and the  acquisition  of certain  assets.
Those  efforts  have  resulted in  attracting  a new  investor  to the  company,
issuance of new unregistered stock and the acquisition of certain mining assets,
described above. The Company anticipates that it will begin to generate revenues
during the current fiscal year. However,  the Company may continue to operate at
a loss,  depending on the success of its current  fundraising and of its ongoing
investments in resource licenses and resource companies in Eastern Europe.

Regardless of whether the  Company's  cash assets prove to be inadequate to meet
the Company's  operational needs, the Company might seek to compensate providers
of services by issuances of stock in lieu of cash.

Part I - Item 3

Controls and Procedures

As required by SEC rules, we have evaluated the  effectiveness of the design and
operations  of our  disclosure  controls  and  procedures  within 90 days of the
filing of this  quarterly  report.  This  evaluation  was  carried out under the
supervision  and  with  the  participation  of  our  management,  including  our
principal executive officer. Based on this evaluation, the officer has concluded
that the design and  operation of our  disclosure  controls and  procedures  are
effective.  There were no  significant  changes to our  internal  controls or in
other factors that could  significantly  affect internal controls  subsequent to
the date of the evaluation.

Part II - Other Information

Item 1 - Legal Proceedings

The  Company  is not a  party  to any  pending  legal  proceedings,  and no such
proceedings are known to be contemplated.

Item 2 - Changes in Securities

1,739,130  common  shares were issued on January 23, 2003 in payment for certain
assets that were acquired by the Company (see  Acquisition of Assets),  bringing
the total to 2,293,282 common shares issued and outstanding.

Item 3 - Defaults on Senior Securities

None.

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

None

Item 5 - Other Information

The Company,  in December  2002,  re-commenced  an offering of up to  12,000,000
shares of common stock pursuant to the private placement  exemption available in
Regulation S promulgated  under the Securities Act of 1933, as amended.  A total
of 124,044 Regulation S shares had been sold during the prior fiscal year and in
September 2002.




                                                                              12
<PAGE>

On June 21, 2002 the Company filed a Registration Statement with the SEC to sell
5,000,000  new shares of its common stock,  plus 374,215  shares of common stock
from selling  shareholders,  pursuant to Regulation SB of the  Securities Act of
1933.  The SEC has requested  clarification  of certain  issues  relating to the
Investment Company Act of 1940.  Management  continues to remain in contact with
the SEC with  regard to  completion  of the filing and  expects  that it will be
required in the future to file as an Investment Company.

Item 6 - Exhibits and Reports on Form 8-K

Exhibits - Exhibit A - List of assets acquired from Shimoda Resources Limited.

Reports on Form 8-K - February 7, 2003 8-K report on the  acquisition of certain
assets from Shimoda Resources Limited.



                                   SIGNATURES

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.


                                              Shimoda Resources Holdings, Inc.


April 21, 2003                                                /s/ David J Mapley
                                              ----------------------------------
                                                                  David J Mapley
                                              President, Chief Executive Officer
                                                                      & Director







                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



         In connection with the Quarterly report of SHIMODA RESOURCES  HOLDINGS,
INC. on Form 10-QSB for the period ended February  28th,  2003 as filed with the
Securities and Exchange  Commission on the date hereof (the  "Report"),  each of
the  undersigned,  in the capacities and on the dates  indicated  below,  hereby
certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that to the best of their knowledge:

         1.       The Report fully  complies  with the  requirements  of Section
                  13(a) or 15(d) of the Securities Exchange Act of 1934; and

         2.       The information  contained in the report fairly  presents,  in
                  all material respects,  the financial condition and results of
                  operation of the Company.



April 21, 2003                                                /s/ David J Mapley
                                              ----------------------------------
                                                                  David J Mapley
                                              President, Chief Executive Officer
                                                                      & Director



                                                                              13
<PAGE>

                            CERTIFICATION PURSUANT TO
                                   SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

I, David J Mapley,  President and Chief Executive  Officer of Shimoda  Resources
Holdings, Inc., certify that:

         1.       I have  reviewed  this  Quarterly  Report  on Form  10-QSB  of
                  Shimoda Resources Holdings, Inc. (the "Registrant");

         2.       Based on my knowledge,  this Quarterly Report does not contain
                  any untrue  statement  of a  material  fact or omit to state a
                  material fact necessary to make the statements  made, in light
                  of the  circumstances  under which such  statements were made,
                  not  misleading  with  respect to the  period  covered by this
                  Quarterly Report;

         3.       Based on my  knowledge,  the financial  statements,  and other
                  financial information included in the Quarterly Report, fairly
                  present in all  material  respects  the  financial  condition,
                  results of operations, and cash flows of the Registrant as of,
                  and for, the periods presented in this Quarterly Report;

         4.       I am responsible for establishing  and maintaining  disclosure
                  controls  and  procedures  (as defined in  Exchange  Act Rules
                  13a-14 and 15d-14 for the Registrant and have:

         a) designed  such  disclosure  controls and  procedures  to ensure that
         material  information   relating  to  the  Registrant,   including  its
         consolidated  subsidiaries,  is made known to me by others within those
         entities, particularly during the period in which this Quarterly Report
         is being prepared;

         b) evaluated the effectiveness of the Registrant's  disclosure controls
         and  procedures as of a date within 90 days prior to the filing date of
         this Quarterly Report (the "Evaluation Date"); and

         c)  presented  in  this  Quarterly  Report  my  conclusions  about  the
         effectiveness  of the disclosure  controls and  procedures  based on my
         evaluation as of the Evaluation Date;

         5.       I have disclosed,  based on my most recent evaluation,  to the
                  Registrant's   auditors   and  the  audit   committee  of  the
                  Registrant's  board of directors  (or persons  performing  the
                  equivalent functions):

         a) all significant  deficiencies in the design or operation of internal
         controls  which  could  adversely  affect the  Registrant's  ability to
         record,   process,   summarize  and  report  financial  data  and  have
         identified  for the  Registrant's  auditors any material  weaknesses in
         internal controls; and

         b) any fraud,  whether or not  material,  that  involves  management or
         other  employees  who  have a  significant  role  in  the  Registrant's
         internal controls; and

         6.       I have indicated in this  Quarterly  Report whether there were
                  significant  changes in internal  controls or in other factors
                  that could  significantly  affect internal controls subsequent
                  to the  date  of my  most  recent  evaluation,  including  any
                  corrective actions with regard to significant deficiencies and
                  material weaknesses.



April 21, 2003                                                /s/ David J Mapley
                                              ----------------------------------
                                                                  David J Mapley
                                              President, Chief Executive Officer
                                                                      & Director






                                                                              14
<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



         In connection with the Quarterly report of SHIMODA RESOURCES  HOLDINGS,
INC. on Form 10-QSB for the period ended February  28th,  2003 as filed with the
Securities and Exchange  Commission on the date hereof (the  "Report"),  each of
the  undersigned,  in the capacities and on the dates  indicated  below,  hereby
certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that to the best of their knowledge:

         1.       The Report fully  complies  with the  requirements  of Section
                  13(a) or 15(d) of the Securities Exchange Act of 1934; and

         2.       The information  contained in the report fairly  presents,  in
                  all material respects,  the financial condition and results of
                  operation of the Company.



April 21, 2003                                                /s/ Peter J Lazaro
                                                             -------------------
                                                                  Peter J Lazaro
                                                                             CFO





















                                                                              15
<PAGE>

                            CERTIFICATION PURSUANT TO
                                   SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

I, David J Mapley,  President and Chief Executive  Officer of Shimoda  Resources
Holdings, Inc., certify that:

         7.       I have  reviewed  this  Quarterly  Report  on Form  10-QSB  of
                  Shimoda Resources Holdings, Inc. (the "Registrant");

         8.       Based on my knowledge,  this Quarterly Report does not contain
                  any untrue  statement  of a  material  fact or omit to state a
                  material fact necessary to make the statements  made, in light
                  of the  circumstances  under which such  statements were made,
                  not  misleading  with  respect to the  period  covered by this
                  Quarterly Report;

         9.       Based on my  knowledge,  the financial  statements,  and other
                  financial information included in the Quarterly Report, fairly
                  present in all  material  respects  the  financial  condition,
                  results of operations, and cash flows of the Registrant as of,
                  and for, the periods presented in this Quarterly Report;

         10.      I am responsible for establishing  and maintaining  disclosure
                  controls  and  procedures  (as defined in  Exchange  Act Rules
                  13a-14 and 15d-14 for the Registrant and have:

         d) designed  such  disclosure  controls and  procedures  to ensure that
         material  information   relating  to  the  Registrant,   including  its
         consolidated  subsidiaries,  is made known to me by others within those
         entities, particularly during the period in which this Quarterly Report
         is being prepared;

         e) evaluated the effectiveness of the Registrant's  disclosure controls
         and  procedures as of a date within 90 days prior to the filing date of
         this Quarterly Report (the "Evaluation Date"); and

         f)  presented  in  this  Quarterly  Report  my  conclusions  about  the
         effectiveness  of the disclosure  controls and  procedures  based on my
         evaluation as of the Evaluation Date;

         11.      I have disclosed,  based on my most recent evaluation,  to the
                  Registrant's   auditors   and  the  audit   committee  of  the
                  Registrant's  board of directors  (or persons  performing  the
                  equivalent functions):

         c) all significant  deficiencies in the design or operation of internal
         controls  which  could  adversely  affect the  Registrant's  ability to
         record,   process,   summarize  and  report  financial  data  and  have
         identified  for the  Registrant's  auditors any material  weaknesses in
         internal controls; and

         d) any fraud,  whether or not  material,  that  involves  management or
         other  employees  who  have a  significant  role  in  the  Registrant's
         internal controls; and

         12.      I have indicated in this  Quarterly  Report whether there were
                  significant  changes in internal  controls or in other factors
                  that could  significantly  affect internal controls subsequent
                  to the  date  of my  most  recent  evaluation,  including  any
                  corrective actions with regard to significant deficiencies and
                  material weaknesses.

April 21, 2003                                                /s/ Peter J Lazaro
                                                             -------------------
                                                                  Peter J Lazaro
                                                                             CFO












                                                                              16
<PAGE>
<TABLE>
<CAPTION>

                                   SCHEDULE A


                   Shimoda Resources Limited - List of Assets

                               KPMG
                              Cyprus
                             Valuation                                    Where       Domicile of     Number
                               (US$)        Asset Type     Activity    Registered     Key Assets     of Shares
<S>                          <C>           <C>             <C>         <C>            <C>            <C>
Quoted securities
Celtic Resources PLC         $411,403      Ord. shares     Metals         U.K.           Russia        279,146
Dalpolimetall                $192,000      Ord. shares     Metals         Russia         Russia        7,000
Priargunskzavod              $202,131      Ord. shares     Metals         Russia         Russia        10,000

Unquoted securities

Eurasia PGM                  $50,000       Ord. shares     PGM            Cyprus         Russia        Approx. 11%
GTI Oil Co. S.A.             $450,000      Ord. shares     Oil & Gas      Romania        Romania       141
                                                                                                       100% of
                                                                                                       outstanding
Kartvelo Holdings            $5,200,000    Ord. shares     Mining Co.     Georgia        Georgia       shares
                                                                                                       Various
Olager Oil LLP*               -            licenses        Oil & Gas      Kazakstan      Kazakstan     licenses
                                                                                                       100% of
                                                                                                       outstanding
Shimoda Chemicals            ($6,349)      Ord. shares     Operating Co.  Georgia        Georgia       shares
                                                                                                       Various
Samara/Tomsk/KM Oil deal*     -            licenses        Oil & Gas      Russia         Russia        licenses

                      TOTAL  $6,499,440

CASH (Canadian$)             CAD 61,250    cash                                                        CAD 61,250

</TABLE>



*This is a license.  Transferors carryover basis was zero.















                                                                              17