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 period ended December 31, 2005.

[    ]   Transition Report pursuant to 13 or 15(d)  of  the  Securities Exchange
         Act of 1934

         For the transition period                    to
                                   ------------------    -----------------------

                  Commission File Number   333-119823
                                           ----------



                               DYNAMIC GOLD CORP.
 -------------------------------------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)


             Nevada                                      Applied For
---------------------------------------        ---------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
---------------------------------------
incorporation or organization)
---------------------------------------

675 West Hastings Street, Suite 200
Vancouver, British Columbia, Canada                          V6B 1N2
---------------------------------------        ---------------------------------
(Address of principal executive offices)              (Postal or Zip Code)


Issuer's telephone number, including area code:          604-681-3131
                                              ----------------------------------


                                      None
--------------------------------------------------------------------------------
(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  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days [ X ] Yes [ ] No

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) [ X ] Yes [ ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  9,515,000 Shares of $0.001 par value
Common Stock outstanding as of February 10, 2006.

<page>




                               DYNAMIC GOLD CORP.

                        (A Pre-exploration Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                December 31, 2005

                             (Stated in US Dollars)

                                   (Unaudited)



                                      -2-

<page>


                               DYNAMIC GOLD CORP.
                        (A Pre-exploration Stage Company)
                             INTERIM BALANCE SHEETS
                             (Stated in US Dollars)
                                   (Unaudited)
<table>
<caption>
                                                                              December 31,          June 30,
                                               ASSETS                             2005                2005
                                               ------                             ----                ----

                                                                        <c>                  <c>
Current
    Cash                                                                   $          4,519    $         13,701
    Prepaid expenses                                                                      -               1,000
                                                                           ----------------    ----------------

                                                                           $          4,519    $         14,701
                                                                           ================    ================

                                            LIABILITIES

Current
    Accounts payable and accrued liabilities                               $         18,422    $         20,508
                                                                           ----------------    ----------------

                            STOCKHOLDERS' DEFICIENCY

Common stock
        75,000,000  shares authorized, $0.001 par value
         9,515,000  shares outstanding (June 30, 2005: 9,515,000)                     9,515               9,515
Additional paid in capital                                                           20,985              20,985
Deficit accumulated during the pre-exploration stage                                (44,403)            (36,307)
                                                                           ----------------    ----------------

                                                                                    (13,903)             (5,807)
                                                                           ----------------    ----------------

                                                                           $          4,519    $         14,701
                                                                           ================    ================
</table>

                             SEE ACCOMPANYING NOTES

                                      -3-

<page>

                               DYNAMIC GOLD CORP.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
           for the three months and six months ended December 31, 2005
             and 2004, and for the period January 21, 2004 (Date of
                         Inception) to December 31, 2005
                             (Stated in US Dollars)
                                   (Unaudited)
<table>
<caption>
                                                                                                            January 21, 2004
                                              Three months ended                Six months ended           (Date of Inception)
                                                 December 31,                     December 31,               to December 31,
                                            2005             2004             2005            2004                2005
                                            ----             ----             ----            ----                ----

                                     <c>             <c>              <c>             <c>               <c>
Expenses
    Accounting and audit fees          $        1,922   $       2,385    $       4,946   $       4,206    $          18,009
    Bank charges                                   63              70               99             121                  371
    Filing fees                                 1,551           1,426            1,551           1,426                3,865
    Legal fees                                      -           1,500            1,500           1,500               18,000
    Office and miscellaneous                        -               -                -               -                  283
    Mineral property costs                          -               -                -             375                3,875
                                       --------------   -------------    -------------   -------------    -----------------

Net loss for the period                $       (3,536)  $      (5,381)   $      (8,096)  $      (7,628)   $         (44,403)
                                       ==============   =============    =============   =============    =================

Basic and diluted loss per share       $       (0.00)   $       (0.00)   $       (0.00)  $       (0.00)
                                       =============    =============    =============   =============

Weighted  average  number  of  shares
outstanding                                 9,515,000       9,515,000        9,515,000       9,515,000
                                       ==============   =============    =============   =============
</table>

                             SEE ACCOMPANYING NOTES

                                      -4-

<page>

                               DYNAMIC GOLD CORP.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
            for the six months ended December 31, 2005 and 2004, and
    for the period January 21, 2004 (Date of Inception) to December 31, 2005
                             (Stated in US Dollars)
                                   (Unaudited)
<table>
<caption>
                                                                                                       January 21,
                                                                                                      2004 (Date of
                                                                      Six months ended                Inception) to
                                                                        December 31,                   December 31,
                                                                  2005                2004                 2005
                                                                  ----                ----                 ----

                                                        <c>                <c>                       <c>
Operating Activities
    Net loss for the period                                $         (8,096)  $         (7,628)        $      (44,403)
    Change in non-cash working capital balances
     related to operations
      Prepaid expenses                                                1,000                  -                      -
      Accounts payable and accrued liabilities                       (2,086)             3,908                 18,422
                                                           -----------------  ----------------         --------------

Net cash used in operating activities                                (9,182)            (3,720)               (25,981)
                                                           ----------------   ----------------         --------------

Financing Activity
    Capital stock issued                                                  -                  -                 30,500
                                                           ----------------   ----------------         --------------

Net cash from financing activity                                          -                  -                 30,500
                                                           ----------------   ----------------         --------------

Increase (decrease) in cash during the period                        (9,182)            (3,720)                 4,519

Cash, beginning of the period                                        13,701             26,768                      -
                                                           ----------------   ----------------         --------------

Cash, end of the period                                    $          4,519   $         23,048         $        4,519
                                                           ================   ================         ==============
</table>

                             SEE ACCOMPANYING NOTES

                                      -5-

<page>

                               DYNAMIC GOLD CORP.
                        (A Pre-exploration Stage Company)
                    INTERIM STATEMENT OF STOCKHOLDERS' EQUITY
              (DEFICIENCY) for the period January 21, 2004 (Date of
                         Inception) to December 31, 2005
                             (Stated in US Dollars)
                                   (Unaudited)
<table>
<caption>
                                                                                             Deficit
                                                                                           Accumulated
                                                                          Additional        During the
                                                Common Stock                Paid-in      Pre-exploration
                                      ----------------------------------
                                           Number         Par Value         Capital           Stage             Total
                                           ------         ---------         -------           -----             -----

                                     <c>             <c>             <c>             <c>                <c>
Capital stock issued for cash
                        - at $0.001         7,500,000  $        7,500   $            -  $              -   $        7,500
                        - at $0.01          2,000,000           2,000           18,000                 -           20,000
                        - at $0.20             15,000              15            2,985                 -            3,000
Net loss for the period                             -               -                -           (10,267)         (10,267)
                                      ---------------  --------------   --------------  ----------------   --------------

Balance, June 30, 2004                      9,515,000           9,515           20,985           (10,267)          20,233

Net loss for the year                               -               -                -           (26,040)         (26,040)
                                      ---------------  --------------   --------------  ----------------   --------------

Balance, June 30, 2005                      9,515,000           9,515           20,985           (36,307)          (5,807)

Net loss for the period                             -               -                -            (8,096)          (8,096)
                                      ---------------  --------------   --------------  ----------------   --------------

Balance, December 31, 2005                  9,515,000  $        9,515   $       20,985  $        (44,403)  $      (13,903)
                                      ===============  ==============   ==============  ================   ==============
</table>


                             SEE ACCOMPANYING NOTES

                                      -6-

<page>

                               DYNAMIC GOLD CORP.
                        (A Pre-exploration Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                December 31, 2005
                             (Stated in US Dollars)
                                   (Unaudited)


Note 1        Interim Financial Statements
              ----------------------------
              While the information  presented in the accompanying six months to
              December 31, 2005 interim  financial  statements is unaudited,  it
              includes all adjustments  which are, in the opinion of management,
              necessary to present  fairly the  financial  position,  results of
              operations  and cash flows for the  interim  period  presented  in
              accordance with the accounting  principles  generally  accepted in
              the United States of America.  In the opinion of  management,  all
              adjustments  considered  necessary for a fair  presentation of the
              results of operations  and  financial  position have been included
              and all such adjustments are of a normal recurring  nature.  It is
              suggested that these  financial  statements be read in conjunction
              with the Company's June 30, 2005 financial statements.

              Operating  results for the six months ended  December 31, 2005 are
              not necessarily indicative of the results that can be expected for
              the year ending June 30, 2006.

Note 2        Continuance of Operations
              -------------------------
              These  financial  statements have been prepared in accordance with
              generally  accepted  accounting  principles  applicable to a going
              concern,  which  assumes that the Company will be able to meet its
              obligations  and continue its operations for its next fiscal year.
              Realization  values may be  substantially  different from carrying
              values as shown and these financial  statements do not give effect
              to adjustments  that would be necessary to the carrying values and
              classification  of assets and  liabilities  should the  Company be
              unable to continue as a going  concern.  At December 31, 2005, the
              Company  had  not  yet   achieved   profitable   operations,   has
              accumulated  losses of $44,403 since its inception,  has a working
              capital  deficiency of $13,903 and expects to incur further losses
              in the development of its business, all of which casts substantial
              doubt about the Company's  ability to continue as a going concern.
              The Company's  ability to continue as a going concern is dependent
              upon its ability to generate future  profitable  operations and/or
              to obtain the  necessary  financing  to meet its  obligations  and
              repay its liabilities arising from normal business operations when
              they come due.  Management  has no formal plan in place to address
              this concern but considers that the Company will be able to obtain
              additional   funds  by  equity   financing  and/or  related  party
              advances,  however  there is no  assurance of  additional  funding
              being available.

              The Company was incorporated in the State of Nevada on January 21,
              2004.

                                      -7-

<page>

Forward-Looking Statements
--------------------------
This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation
-------------------------
Our plan of operation for the twelve months following the date of this report is
to complete the recommended  stage one  exploration  program on the Sobeski Lake
Gold property. We have enough funds on hand to complete the first phase of stage
one.  According to his geology  report,  Mr.  Ostensoe  estimates that the first
phase,  consisting  of a  geological  data  review  and  prospecting,  will cost
approximately  $5,000 and will take about one to two  months to  complete.  This
exploration  will be  completed  by a  two-person  crew,  including  a qualified
geologist.

We will then commence the second phase of  exploration.  This phase will consist
of  further  prospecting  and  geochemical  and  geophysical  surveying  and  is
estimated  to cost  $10,000.  This  exploration  will be  completed  by a two or
three-person crew, including a qualified  geologist.  The geophysical portion of
the  exploration  will be conducted  in the winter when the property  surface is
frozen so that it can be easily traversed.

We do not have any arrangement with  a  qualified  geologist  to  oversee  these
programs.  However, subject to  availability, we intend to  retain Mr. Ostensoe.
He will be  responsible  for  hiring  any  additional  personnel  needed for the
exploration programs.

As well, we anticipate  spending an additional  $25,000 on administrative  fees,
including  professional  fees  payable  in  connection  with the  filing of this
registration   statement  and  complying  with  reporting   obligations.   Total
expenditures over the next 12 months are therefore  expected to be approximately
$40,000.

Our  cash  reserves  are not  sufficient  to meet our  obligations  for the next
twelve-month period. As a result, we will need to seek additional funding in the
near future. We currently do not have a specific plan of how we will obtain such
funding.  However,  we anticipate that additional funding will be in the form of
equity  financing from the sale of our common stock.  As well, our management is
prepared to provide us with short-term  loans,  although no such arrangement has
been made.

                                      -8-

<page>

We cannot  provide  investors  with any assurance  that we will be able to raise
sufficient  funding from the sale of our common stock or through a loan from our
directors to meet our  obligations  over the next twelve months.  We do not have
any arrangements in place for any future equity financing.

If we do not secure  additional  funding for  exploration  expenditures,  we may
consider  seeking an arrangement with a joint venture partner that would provide
the required  funding in exchange for  receiving a part  interest in the Sobeski
Lake Gold property. We have not undertaken any efforts to locate a joint venture
partner.  There is no guarantee  that we will be able to locate a joint  venture
partner who will assist us in funding  exploration  expenditures upon acceptable
terms.

If we are unable to arrange additional financing or find a joint venture partner
for the Sobeski Lake Gold  property,  our business plan will fail and operations
will cease.

Results Of Operations For Period Ending December 31, 2005

We did not earn any revenues  during the period  ending  December  31, 2005.  We
incurred  operating  expenses in the amount of $8,096 for the  six-month  period
ended  December 31, 2005 as compared to a net loss of $7,628 in the  comparative
period in 2004.  The  increase  in net loss was  primarily  a result of a slight
increase in accounting  and audit fees.  The  operating  expenses in the current
fiscal year were comprised of accounting  and audit fees of $4,946,  filing fees
of $1,551, legal fees of $1,500 and bank charges of $99.

At December 31, 2005, we had cash on hand of $4,519 and liabilities of $18,422.

We have not  generated  any  revenue  since  inception  and are  dependent  upon
obtaining  financing to pursue exploration  activities.  For these reasons,  our
auditors  believe  that  there  is  substantial  doubt  that  we will be able to
continue as a going concern.

Critical Accounting Policies
----------------------------
Our financial  statements are prepared in accordance with accounting  principles
generally  accepted  in  the  United  States  of  America.  Preparing  financial
statements in accordance with generally accepted accounting  principles requires
management to make estimates and assumptions  which affect the reported  amounts
of  assets  and  liabilities  and  the  disclosure  of  contingent   assets  and
liabilities  at the balance  sheet dates,  and the  recognition  of revenues and
expenses for the reporting periods. These estimates and assumptions are affected
by management's application of accounting policies.

Mineral Properties

We charge all of our  mineral  property  acquisition  and  exploration  costs to
operations as incurred.  If, in the future, we determine that a mineral property
in which we have an  interest  can be  economically  developed  on the  basis of
established proven and probable reserves,  we will capitalize the costs incurred
to   develop   the   property.   Such  costs   will  be   amortized   using  the
units-of-production method over the estimated life of the probable reserve.

                                      -9-

<page>

Item 3 Controls and Procedures
------------------------------
Evaluation of Disclosure Controls

We evaluated the  effectiveness of our disclosure  controls and procedures as of
December 31, 2005.  This  evaluation  was conducted by Tim  Coupland,  our chief
executive officer and our principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based upon their evaluation of our controls,  Tim Coupland,  our chief executive
officer and principal  accounting  officer,  has concluded that,  subject to the
limitations  noted  above,  the  disclosure  controls  are  effective  providing
reasonable  assurance that material  information relating to us is made known to
management  on a timely  basis  during the  period  when our  reports  are being
prepared.  There were no changes in our internal  controls that occurred  during
the  quarter  covered  by this  report  that have  materially  affected,  or are
reasonably likely to materially affect our internal controls.

PART II- OTHER INFORMATION
--------------------------
Item 1. Legal Proceedings

The Company is not a party to any pending  legal  proceeding.  Management is not
aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

None.

                                      -10-

<page>

Item 3. Defaults Upon Senior Securities

None.

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

None.

Item 5. Other Information

None.

Item 6. Exhibits and Report on Form 8-K

 31.1     Certification   pursuant   to  Rule  13a-14(a)  under  the  Securities
          Exchange Act of 1934
 31.2     Certification   pursuant   to  Rule  13a-14(a)  under  the  Securities
          Exchange Act of 1934
 32.1     Certification   pursuant   to  18  U.S.C.  Section  1350,  as  adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 32.2     Certification   pursuant   to  18 U.S.C.   Section  1350,  as  adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

We did not file any current reports on Form 8-K during the period.


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.

February 10, 2006


Dynamic Gold Corp.


/s/ Tim Coupland
------------------------------
Tim Coupland, President

                                      -11-