=================================================================================================



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB



|[X]    | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|------ | ----------------------------------------------------------------------------------------
|       | FOR THE QUARTERLY PERIOD ENDED MAY 31, 2005                                             
|       |                                                                                         
|       | OR                                                                                      
|       |                                                                                         
|[    ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|       | For the transition period from to                                                       

COMMISSION FILE NUMBER 333-120051

MIDDLE KINGDOM RESOURCES LTD.



|NEVADA                                                         | 98-0432994                          
|-------------------------------------------------------------- | ------------------------------------
|(State of other jurisdiction of incorporation or organization) | (IRS Employer Identification Number)

347 Bay Street
Suite 202
Toronto, Ontario
Canada M5H 2R7(Address of principal executive offices)

(416) 362-2785(Registrant's telephone number, including area code)

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

==============================================================================================



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PART I. FINANCIAL INFORMATION

ITEM 1.     INTERIM FINANCIAL STATEMENTS



|MOEN AND COMPANYCHARTERED ACCOUNTANTS                                                                                                                                                                                                                                                                                                    
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Member:Canadian Institute of Chartered Accountants 
Institute of Chartered Accountants of British Columbia 
Institute of Management Accountants (USA) (From 1965)
Registered with:Public Company Accounting Oversight Board (USA) (PCAOB)
Canadian Public Accountability Board (CPAB) 
Canada  - British Columbia Public Practice Licence

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors 
Middle Kingdom Resources Ltd.  (A Nevada Corporation)
(An Exploration Stage Company)

We have reviewed the accompanying balance sheet of Middle Kingdom Resources Ltd.  (A Nevada Corporation) as of May 31, 2005 and the related statements of income, retained earnings (deficit), cash flows and changes in stockholders' equity for the three month and nine month periods ended May 31, 2005.  These interim financial statements are the responsibility of the Company's management.

We conducted our review in accordance with the standards of the Public Company Accounting Oversight Board (United States).  A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, conditions exist which raise substantial doubt about the Company's ability to continue as a going concern unless it is able to generate sufficient cash flows to meet its obligations and sustain its operations.  Management's plans in regard to these matters are also described in Note 1(b).  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Moen and Company
Chartered Accountants
Vancouver, British Columbia, Canada
July 14, 2005



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|Middle Kingdom Resources Ltd.                 |                                                   |                                             |                                                   |                                      |                                        |          |       
|--------------------------------------------- | ------------------------------------------------- | ------------------------------------------- | ------------------------------------------------- | ------------------------------------ | -------------------------------------- | -------- | ------
|(A Nevada Corporation)                        |                                                   |                                             |                                                   |                                      |                                        |          |       
|(An Exploration Stage Company)                |                                                   |                                             |                                                   |                                      |                                        |         
|Balance Sheets                                |                                                   |                                             |                                                   |                                      |                                        |          |       
|May 31, 2005                                  |                                                   |                                             |                                                   |                                      |                                        |          |       
|(With Comparative Figures at August 31, 2004) |                                                   |                                             |                                                   |                                      |                                       
|(Expressed in U.S. Dollars)                   |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|Current Assets                                | ASSETS                                            |                                             |                                                   |                                      |                                        |          |       
|                                              | Cash (Note 2(j))                                  |                                             |                                                   |                                      | $                                      | 101      | $     
|                                              | Funds in trust with attorney                      |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   | TOTAL CURRENT ASSETS                        |                                                   |                                      |                                        | 101      | $     
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   | LIABILITIES AND STOCKHOLDERS' EQUITY
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|Current Liabilities                           |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              | Accounts payable and accrued liabilities          |                                             |                                                   |                                      | 430                                    | $        | 17,775
|                                              | Loans from related party (Note 3)                 |                                             |                                                   |                                      | 22,726                                 |          | 16,440
|                                              |                                                   | TOTAL CURRENT LIABILITIES                   |                                                   |                                      |                                        | 23,156   |       
|Stockholders' Equity                          |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              | Capital Stock                                     |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   | Authorized:                                 |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             | 75,000,000 common shares at $0.001 each par value |                                      |                                        |          |       
|                                              |                                                   | Issued and fully paid                       |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             | 5,000,000 common share at par value               |                                      |                                        |          | 5,000 
|                                              |                                                   | Cumulative currency transaction adjustments |                                                   |                                      | 390                                    |          |       
|                                              | Deficit, accumulated during the exploration stage |                                             |                                                   | (28,446)                             |                                        | (18,790)
|                                              |                                                   | TOTAL STOCKHOLDERS' EQUITY                  |                                                   |                                      |                                        | (23,056) |       
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    | $                                                 | 100                                         | $                                                 | 20,425                              
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|Approved on Behalf of the Board               |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   | /s/ Robert J. Kinloch                | , Director and Chief Executive Officer |          |       
|                                              |                                                   |                                             |                                                   |                                      |                                        |          |       
|                                              |                                                   |                                             |                                                   |                                      | See Accompanying Notes                 |          |       

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|Middle Kingdom Resources Ltd.                        |                              |   |          |           |                        |          
|---------------------------------------------------- | ---------------------------- | - | -------- | --------- | ---------------------- | ---------
|(A Nevada Corporation)                               |                              |   |          |           |                        |          
|(An Exploration Stage Company)                       |                              |   |          |           |                        |          
|Statements of Income                                 |                              |   |          |           |                        |          
|(Expressed in U.S. Dollars)                          |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|General and Administration Costs                     |                              |   |          |           |                        |          
|                                                     | Accounting                   |   | $        | 600       | $                      |          
|                                                     | Bank charges and interest    |   |          | 89        |                        | 42       
|                                                     | Legal expense                |   |          | 25,711    |                        | 9,136    
|                                                     | Office expenses              |   |          | 271       |                        |          
|                                                     | Incorporation cost           |   |          | 1,000     |                        |          
|                                                     | Transfer agent & filing fees |   |          | 775       |                        |          
|                                                     |                              |   |          |           |                        |          
|Net Profit (Loss) for the Period                     |                              | $ | (28,446) | $         | (9,178)                | $        
|                                                     |                              |   |          |           |                        |          
|Net Profit (Loss) Per Common Share                   |                              |   |          |           |                        |          
|                                                     | Basic and diluted            |   | $        | (0)       | $                      | (0)      
|                                                     |                              |   |          |           |                        |          
|Weighted Average Number of Common Shares Outstanding |                              |   |          |          
|                                                     | Basic and diluted            |   |          | 5,000,000 |                        | 5,000,000
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           |                        |          
|                                                     |                              |   |          |           | See Accompanying Notes |          

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|Middle Kingdom Resources Ltd.             |   |    |          |          |                        |          |                 
|----------------------------------------- | - | -- | -------- | -------- | ---------------------- | -------- | ----------------
|(A Nevada Corporation)                    |   |    |          |          |                        |          |                 
|(An Exploration Stage Company)            |   |    |          |          |                        |         
|Statements of Retained Earnings (Deficit) |   |    |          |          |                        |         
|(Expressed in U.S. Dollars)               |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          | From Inception  
|                                          |   |    |          |          |                        |          | Date of         
|                                          |   |    |          |          |                        |          | June 17, 2004 to
|                                          |   |    |          |          |                        |          | May 31,         
|                                          |   |    |          |          |                        |          | 2005            
|                                          |   |    |          |          |                        |          | (Unaudited)     
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|Balance (Deficit), Beginning of period    | $ | -- | $        | (19,268) | $                      | (18,790)
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|Net Profit(Loss) for the Period           |   |    | (28,446) |          | (9,178)                |          | (9,656)         
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|Balance (Deficit), End of Period          |   | $  | (28,446) | $        | (28,446)               | $        | (28,446)        
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          |                        |          |                 
|                                          |   |    |          |          | See Accompanying Notes |          |                 

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|Middle Kingdom Resources Ltd.              |                                           |                                             |             |          |                        |        
|------------------------------------------ | ----------------------------------------- | ------------------------------------------- | ----------- | -------- | ---------------------- | -------
|(A Nevada Corporation)                     |                                           |                                             |             |          |                        |        
|(An Exploration Stage Company)             |                                           |                                             |             |          |                        |        
|Statements of Cash Flows                   |                                           |                                             |             |          |                        |        
|(Expressed in U.S. Dollars)                |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|Cash Provided by (Used for)                |                                           |                                             | (Unaudited) |          | (Unaudited)            |        
|Operating Activities                       |                                           |                                             |             |          |                        |        
|                                           | Net Profit (Loss) for the period          |                                             | $           | (28,446) | $                      | (9,178)
|                                           | Items not requiring use of cash           |                                             |             |          |                        |        
|                                           |                                           | Cumulative currency transaction adjustments | 390         |          | -                      |        
|                                           | Changes in non-cash working capital items |                                             |             |          |                        |        
|                                           |                                           | Accounts payable and accrued liability      |             | 431      |                        | (1,000)
|                                           |                                           | Funds in trust with attorney                |             |          | -                      |        
|Cash used for operating activities         |                                           |                                             | (27,625)    |          | (10,178)               |        
|                                           |                                           |                                             |             |          |                        |        
|Investing Activities                       |                                           |                                             | --          |          | --                     |        
|                                           |                                           |                                             |             |          |                        |        
|Financing Activities                       |                                           |                                             |             |          |                        |        
|                                           | Capital stock subscribed                  |                                             |             | 5,000    |                        | -      
|                                           | Loans from related party                  |                                             |             | 22,726   |                        | 10,137 
|Cash provided by financing activities      |                                           | 27,726                                      |             | 10,137   |                        | 6,286  
|                                           |                                           |                                             |             |          |                        |        
|Cash increase (decrease) during the period |                                           | 101                                         |             | (41)     |                        | (3,884)
|                                           |                                           |                                             |             |          |                        |        
|Cash, Beginning of Period                  |                                           |                                             | --          |          | 142                    |        
|                                           |                                           |                                             |             |          |                        |        
|Cash,  End of Period                       |                                           | $                                           | 101         | $        | 101                    | $      
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          |                        |        
|                                           |                                           |                                             |             |          | See Accompanying Notes |        

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|Middle Kingdom Resources Ltd.                                                     
|----------------------------------------------------------------------------------
|(A Nevada Corporation)                                                            
|(An Exploration Stage Company)                                                    
|Statement of Stockholders' Equity                                                 
|Period From Incorporation Date and Inception Date of June 17, 2004 to May 31, 2005
|(Expressed in U.S. Dollars)                                                       
|(Unaudited)                                                                       
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|Shares subscribed on 6/17/2004                                                    
|by Director for cash                                                              
|Shares subscribed on 6/17/2004                                                    
|by shareholder for cash                                                           
|Net loss to August 31, 2004                                                       
|Cumulative currency translation                                                   
|adjustments                                                                       
|Net loss for the nine month period                                                
|ended May 31, 2005                                                                
|Balance, May 31, 2005                                                             
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  
|                                                                                  

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 1. | BUSINESS OPERATIONS                       
|------- | ------------------------------------------
|       
|        | (a)                                       
|       
|        | (b)                                       
|       
|        |                                           
|       
|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|       
|        | (a)                                       
|       
|        |                                           
|       
|        | (b)                                       
|       
|        |                                           
|       
|       
|       
|       

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)
|------- | ---------------------------------------------------
|       
|        | (c)                                                
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|        |                                                    
|       
|       
|       
|       
|       
|F-8    

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)
|------- | ----------------------------------------------------
|       
|        | (d)                                                 
|       
|        |                                                     
|       
|        |                                                     
|       
|        |                                                     
|        |                                                     
|        |                                                     
|        | (e)                                                 
|       
|        |                                                     
|       
|        |                                                     
|       
|        |                                                     
|       
|        | (f)                                                 
|       
|        |                                                     
|       
|        |                                                     
|F-9    



- 10 -

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'
d)
|------- | ----------------------------------------------------
|        |                                                     
|        | (g)                                                 
|       
|        |                                                     
|       
|        | (h)                                                 
|       
|        |                                                     
|       
|        | (i)                                                 
|       
|        |                                                     
|       
|        | (j)                                                 
|       
|        |                                                     
|F-10   

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 3. | RELATED PARTY TRANSACTIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|        | On August 13, 2004, the Company entered into an oral Agreement with Robert Kinloch, President and shareholder of the Company.  Mr. Kinloch agreed to loan $16,440  ($22,000Cdn) to the Company.  There are no written terms.  The principal sum shall be non-interest bearing for a period of twelve months if the Company meets all the repayments, failing which interest shall be calculated at the rate of 9% per annum and interest shall be calculated form August 15, 2004.  The rate of interest payable after the first twelve months of the term, provided the Principal Sum has not been repaid prior thereto shall be 9% per annum calculated from the 15th day of August 2005.  During the period ended May 31, 2005, the company received an additional $6,285 from Mr. Kinloch, resulting in a principal balance payable to him of $22,726 as at May 31, 2005.
|       
|Note 4. | INCOME TAXES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       
|        | The Company has losses that total $28,446 for income tax purposes that may be carried forward to be applied against future taxable income.  The benefit of a potential reduction in future income taxes has not been recorded as an asset at May 31, 2005 as it is reduced to nil by a valuation allowance, due to uncertainty of the application of losses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       
|        | The income tax effect of temporary differences comprising the deferred tax assets and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|        | deferred tax liabilities on the accompanying consolidated balance sheets is a result of the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       



|                        |   | May 31, 2005
|----------------------- | - | ------------
|Deferred tax assets     | $ | 9,671       
|Valuation allowance     | $ | (9,671)     
|Net deferred tax assets | $ | 0           

| | A reconciliation between the statutory federal income tax rate and the effective income rate of income tax expense for the period ended May 31, 2005 is as follows:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                  | 2005   
|--------------------------------- | -------
|Statutory federal income tax rate | 34.0%  
|Valuation allowance               | (34.0%)
|Effective income tax rate         | 0.0%   

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   

|Note 5. | PENSION AND EMPLOYMENT LIABILITIES                                                                                                                                                                                                                                                                                                                                    
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|        | The Company does not have any liabilities as at May 31, 2005 for pension, post-employment benefits or postretirement benefits.  The Company does not have a pension plan.                                                                                                                                                                                             
|       
|Note 6. | FINANCIAL INSTRUMENTS                                                                                                                                                                                                                                                                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                                                       
|        | The Company's financial instruments consist of cash, accounts payable and accrued liabilities and loans from related party.  It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.  The fair value of these financial instruments approximates their carrying values.
|       
|Note 7. | SEGMENT REPORTING                                                                                                                                                                                                                                                                                                                                                     
|       
|        | Segmented information of the Company's identifiable assets and operating activities by geographic area, is as follows:                                                                                                                                                                                                                                                



|May 31, 2005                                               |   | Canada   |   | U.S.   |   | Total   
|---------------------------------------------------------- | - | -------- | - | ------ | - | --------
|Current assets                                             | $ | 0        | $ | 101    | $ | 101     
|Net fixed assets                                           |   | 0        |   | 0      |   | 0       
|Total Assets                                               | $ | 0        | $ | 101    | $ | 101     
|                                                          
|From Date of Inception June 17, 2004 to May 31, 2005       |   |          |   |       
|Revenue                                                    | $ | 0        |   | 0      |   | 0       
|Administration costs                                       |   | 28,446   |   | 0      |   | 28,446  
|Net (loss) for the period                                  | $ | (28,446) | $ | 0      | $ | (28,446)
|                                                           |   |          |   |        |   |         
|August 31, 2004                                            |   | Canada   |   | U.S.   |   | Total   
|Current assets                                             | $ | 0        | $ | 20,425 | $ | 20,425  
|Net fixed assets                                           |   | 0        |   | 0      |   | 0       
|Total Assets                                               | $ | 0        | $ | 20,425 | $ | 20,425  
|                                                           |   |          |   |        |   |         
|From Date of Inception to June 17, 2004 to August 31, 2004 |   |          |   |       
|Revenue                                                    | $ | -        |   | -      |   | -       
|Administration costs                                       |   | 18,790   |   | -      |   | 18,790  
|Net (loss) for the period                                  | $ | (18,790) | $ | -      | $ | (18,790)

F-12

- 13 -

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|MIDDLE KINGDOM RESOURCES LTD. 
|------------------------------
|(A Nevada Corporation)        
|(An Exploration Stage Company)
|Notes to Financial Statements 
|May 31, 2005                  
|(Expressed in U.S. Dollars)   
|(Unaudited)                   



|Note 8. | MINERAL RESOURCE AGREEMENT                                                                                                                                                                                                                                                                                                                                                                      
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|        | In June 2004, the Company entered into an exploration and development agreement with Energold Minerals Inc., an Alberta, Canada, Corporation owned by a non-affiliated third party.  No funds have been expended or committed by Middle Kingdom Resources Ltd. related to this agreement up to May 31, 2005.                                                                                    
|       
|        | The exploration and development agreement covers an area of land measuring approximately 33 acres on property described as Jarvis Island, municipality of Neebing (Property Identifier 58-01-040-007-31100-111) in the District of Thunder Bay, in the Province of Ontario, Canada, Land Titles Division, Thunder Bay.                                                                          
|       
|Note 9. | SUBSEQUENT EVENT                                                                                                                                                                                                                                                                                                                                                                                
|       
|        | Subsequently, the company will offer up to a total of 2,000,000 shares of common stock on a self-underwritten basis: 1,000,000 shares minimum, 2,000,000 shares maximum.  The offering price is proposed to be $0.10 per share.  The Company is planning to use the proceeds to pay for offering expenses, working capital, and research and exploration of property disclosed in Note 8, above.





















F-13

- 14 -

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ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS

This section of this report includes a number of forward- looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking states are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or out predictions.

Plan of Operation

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly, we must raise cash from sources other than the sale of minerals found on the property, if at all. Our only other source for cash at this time is investments by others in our public offering. We must raise cash to implement our project and stay in business. The minimum amount of the offering will allow us to operate for at least one year. Our success or failure will be determined by what we find under the ground. The more money we raise, the more core samples we can take. The more core samples we take, the more thorough our exploration will be conducted. Since we do not know what we will find under the ground, we cannot tell you if we will be successful even if we raise the maximum amount of our public offering. We will not begin exploration of the property until we raise money from our public offering. We believe we will need to raise the minimum gross amount in our public offering of $100,000, $70,000 net, in order to remove uncertainties surrounding our ability to continue as a going concern. The $100,000 in gross proceeds or $70,000 in net proceeds will allow us to conduct our exploration program. If we find mineralized material, we will proceed to create a development program. Development is defined as the preparation of a commercially mineable deposit or reserve for extraction which is not already in production. If we do not find mineralized material, we will cease operations.

We do not have any reserves. Even if we complete our current exploration program and it is successful in identifying a mineral deposit, of which there is no assurance whatsoever, we will have to spend substantial funds of further drilling and engineering studies before we will know if we have a commercially viable mineral deposit. We will make a decision whether to proceed with each successive phase of the exploration program upon completion of the previous phase and upon analysis of the results of that program.

We do not intend to hire additional employees at this time. All of the work on the property will be conduct by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.



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Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of the property, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we conduct into the research and exploration of the property before we start production of any minerals we may find. We are seeking equity financing to provide for the capital required to implement our research and exploration phases.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of Operations

From Inception on June 17, 2004

Since inception, Robert J. Kinloch, our sole officer and director has paid all our expenses to incorporate us, and for legal and accounting expenses. In August 2004, Mr. Kinloch loaned $16,440 to pay the costs of incorporation, accounting fees and a portion of legal fees for our public offering. Subsequent Shareholder loans and repayments from Mr. Kinloch during the most recent quarter have resulted in a net amount owing from the corporation to Mr. Kinloch of $22,726.00.  There are no written terms to the loan.  Any loan amount is non-interest bearing for the first twelve months.

Liquidity and Capital Resources

To meet our need for cash we are attempting to raise money from our public offering. We will be able to stay in business for one year if we raise at least $100,000. Whatever money we do raise, will be applied to the items set forth in the Use of Proceeds section of this report. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not raise all of the money we need from our public offering to complete our exploration of the property, we will have to find alternative sources, like a second public offering, a private placement of securities, or loans from our officers or others.

Our sole officer and director is willing to commit to loan us money for our operations until our public offering has been completed or until the offering period has expired.  At the present time, we have not made any arrangements to raise additional cash, other than through our public offering.  If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely.  If we raise the minimum amount of money from our public offering, it will last a year.  Other than as described in this paragraph, we have no other financing plans.



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As of the date of this registration statement, we have yet to begin operations and therefore we have not generated any revenues from our business operations.

We issued 5,000,000 shares of common stock through a Section 4(2) offering in June 2004. This was accounted for as a purchase of shares of common stock, in consideration of $5,000.00.

ITEM 3.     CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Robert Kinloch, our Chief Executive Officer and Chief Financial Officer has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended (the  Exchange Act )) as of the end of the period covered by this quarterly report (the  Evaluation Date ).  Based on such evaluation, he has concluded that, as of the Evaluation Date, our disclosure controls and procedures are effective in alerting us on a timely basis to material information required to be included in our reports filed or submitted under the Exchange Act.

Changes in Internal Controls

There were no significant changes in our internal controls or, to the Company's knowledge, in other factors that could significantly affect the Company's disclosure controls and procedures subsequent to the date the Company carried out this evaluation.

PART II - OTHER INFORMATION

ITEM 2.     CHANGES IN SECURITIES AND USE OF PROCEEDS.

On March 29, 2005, our public offering was declared effective by the SEC (SEC file no. 333-120051).  We are attempting to raise a minimum of $100,000 and a maximum of $200,000 by selling shares of our common stock at $0.10 per share.  As of the date of this report we have not sold any shares.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K.

(a)     The following Exhibits are attached hereto:

|Exhibit No. | Document Description
|----------- | --------------------
|            |                     
|            | 14.1                
|            |                     
|            | 31.1                
|            |                     
|            | 32.1                

(b) 	Reports on Form 8-K

The Company filed no reports on Form 8-K during the three month period ended May 31, 2005.







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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 on this 21th day of July, 2005.



| | MIDDLE KINGDOM RESOURCES LTD.
| | -----------------------------
| | (Registrant)                 
| |                              
| | BY:                          
| |                              
| |                              























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