UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-K





[X]
            ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the fiscal year ended  May 31,
    2008[  ]
            TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTFor
      the transition period from _________ to ________Commission
      file number:333-145910





Bold View Resources,
      Inc.(Exact
      name of registrant as specified in its
charter)




Nevada
            20-8584329(State
      or other jurisdiction of incorporation or organization)
            (I.R.S.
      Employer Identification No.)800 N. Rainbow Blvd.,
      Las Vegas, NV
            89107(Address
      of principal executive offices)
            (Zip
      Code)Registrant’s
      telephone number:  702-948-5023Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registerednone
            not
      applicableSecurities
      registered under Section 12(g) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registerednone
            not
      applicable




Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.  Yes [  ] No
[X]





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act. Yes [  ] No
[X]





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





Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. Yes [X]  No
[  ]





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large
accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]





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





State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter. Not
available





Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date.  2,230,000 as of May 31,
2008.




Table of Contents


TABLE OF
CONTENTS





PagePART
      IItem 1.
            Business
            3Item 1A.
            Risk Factors
            13Item 1B.
            Unresolved Staff Comments
            13Item 2.
            Properties
            14Item 3.
            Legal Proceedings
            15Item 4.
            Submission of Matters to a Vote of Security
      Holders
            15PART
      IIItem 5.
            Market for Registrant’s Common Equity and Related Stockholder
      Matters and Issuer Purchases of Equity Securities
            16Item 6.
            Selected Financial Data
            17Item 7.
            Management’s Discussion and Analysis of Financial Condition and
      Results of Operations
            18Item 7A.
            Quantitative and Qualitative Disclosures About Market
      Risk
            21Item 8.
            Financial Statements and Supplementary Data
            21Item 9.
            Changes In and Disagreements With Accountants on Accounting and
      Financial Disclosure
            21Item 9A(T).
            Controls and Procedures
            21Item 9B.
            Other Information
            22PART
      IIIItem 10.
            Directors, Executive Officers and Corporate
      Governance
            22Item 11.
            Executive Compensation
            24Item 12.
            Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters
            25Item 13.
            Certain Relationships and Related Transactions, and Director
      Independence
            26Item 14.
            Principal Accountant Fees and Services
            26PART
      IVItem 15.
            Exhibits, Financial Statement Schedules
            27


2
 Table of Contents


PART I


Item1.   Business





In
General





In
General
 
 We are an
exploration stage company that intends to engage in the exploration of mineral
properties.  We have acquired an option to purchase an interest in
mineral claims that we refer to as the Cupro mineral claims. Exploration of
these mineral claims is required before a final determination as to their
viability can be made.  Our option on this property is currently
unexercised.  In the event that we do not exercise our option, we will
have no interest in the Cupro mineral claims and will not be entitled to receive
back any monies spent to maintain the option.
 
 Our plan
of operations is to carry out exploration work on these claims in order to
ascertain whether they possess commercially exploitable quantities of copper,
zinc, molybdenum, and other metallic minerals.  We will not be able to
determine whether or not the Cupro mineral claims contain a commercially
exploitable mineral deposit, or reserve, until appropriate exploratory work is
done and geological and economic evaluations based on that work indicate
economic viability.
 
 Some
geological and geochemical work was performed under Phase 1 of our exploration
program during the reporting period.  The work was performed by our
consulting geologist, Mr. David Bridge, for a total cost of
$17,000.  We paid $9,440 in exploration expenses for the year, and the
balance has just recently been invoiced to the company.  Mr. Bridge
performed the work in August 2007, and assays and reports were completed in
November 2007.  However, we just received a copy of these materials
after the reporting period and have not had a chance to go over them with Mr.
Bridge, as he is unavailable in the field on another project. As such, we have
not been able to determine the impact of his work or the viability of
exploitable resources on our claims.
 
 We plan
to review Mr. Bridge’s report and continue our work on Phase 1 of our
exploration program. Once we receive the results of our Phase I exploration, our
board of directors, in consultation with our consulting geologist, will assess
whether to proceed with further exploration. Phase II of our exploration program
will cost approximately $140,000. The existence of commercially exploitable
mineral deposits in the Cupro mineral claims is unknown at the present time and
we will not be able to ascertain such information until we receive and evaluate
the results of our exploration program.
 
 Our
Option Agreement
 
 Mr. W.A.
Howell staked and recorded his ownership in the Cupro mineral claims under the
mineral claim staking and recording procedures in place at that time in the
Province of British Columbia. Under that system, a prospector in the field
drives large wooden claim stakes into the ground outlining the boundaries of his
mineral claim and subsequently records a description of the claim and the
location of the claim stakes at the nearest Provincial Mining Recorder’s
Office.  A party is able to stake and record an interest in a
particular mineral claim if no other party has
  3
 Table of Contents
  an
interest in the said claim that is in good standing and on record at the
Provincial Mining Recorder’s Office.  There is no formal agreement
between Mr. Howell and the Province of British Columbia.


Mr.
Howell’s interest in the Cupro mineral claims will continue into perpetuity
provided that the mineral claims remain in good standing by paying the
applicable fee which is based upon whether exploration work takes
place.  If exploration work take places and expenditures are made for
this purpose in an amount stipulated by the government, the claims can be
maintained in good standing by simply remitting a filing fee to the Province of
British Columbia that currently does not exceed $115.  If no
exploration work takes place, the claims can be kept in good standing by
remitting to the Province of British Columbia the stipulated amount that
otherwise was required to be expended for exploration work together with the
payment of a filing fee or payment that currently does not exceed
$115.
 
 In order
to extend the expiry dates of a mineral claim, the British Columbia government
requires either (1) completion of exploration work on the mineral claims valued
at an amount stipulated by the government and the payment of a filing fee; or
(2) payment to the Province of British Columbia the stipulated amount that
otherwise was required to be expended for exploration work in lieu of completing
exploration work and the payment of a filing fee to maintain the mineral
claims.  When exploration work valued at an amount stipulated by the
government is completed and a filing fee is remitted to the Province of British
Columbia, the expiry dates of the mineral claims can be extended for a maximum
of 10 additional years at a time.  In the event that no exploration
work is completed and a filing fee and additional fee are paid to the Province
of British Columbia in lieu of completing exploration work, the expiry dates of
the mineral claims can be extended for a maximum of only 1 additional
year.
 
 Under the
terms of the Mining Option Agreement between Bold View Resources, Inc. and Mr.
Howell, we acquired an option to purchase a 100% interest in the Cupro mineral
claims. Under that Agreement, we have already paid Mr. Howell an initial sum of
C$10 to acquire the option and an additional option payment of C$7,500, which
was due prior to January 31, 2007. The Agreement also requires an additional
C$15,000 prior to December 31, 2008 and an additional C$25,000 due prior to
December 31, 2009. In addition, we incurred C$10,000 in exploration expenditures
prior to December 31, 2007, and we must incur further exploration expenses of
C$50,000 prior to December 31, 2008, and C$100,000 prior to December 31,
2009.  Under the terms of the Mining Option Agreement, we are to
exercise our option by making the above payments and incurring the above
exploration expenses. We also agree to incur C$250,000 in exploration
expenditures on or before October 31 of each year subsequent to
2009.
 
 We will
either satisfy the payment terms of the Mining Option Agreement in the time
frame provided, thereby resulting in us exercising this option, or we will fail
to satisfy the payment terms and be in default of the Mining Option Agreement.
The Optionor can terminate the Mining Option Agreement if we fail to cure any
default within 45 days after the receipt of notice of default.  Our
option will expire if we are in default of the Mining Option Agreement and fail
to cure any default within 45 days after the receipt of notice of
default.


4
 Table of Contents


We
selected Cupro mineral properties based upon an independent geological report,
which was commissioned from David J. Bridge, a Consulting Geologist. Mr. Bridge
recommended a two-phase exploration program on these claims that will cost us
approximately US$200,000.
 
 Description
and Location of the Cupro mineral claims
 
 The
Cupro mineral claims consist of the following claims located in the New
Westminster Mining Division of British Columbia:





TENURE
            TYPE
            NAME
            GOOD
      TO DATE
            STATUS
            AREA
      ha539301
            Mineral
            CUPRO
            2009/aug/14
            GOOD
            527.247539307
            Mineral
            
            2009/aug/14
            GOOD
            527.355539311
            Mineral
            
            2009/aug/14
            GOOD
            253.056540085
            Mineral
            CUPRO5
            2008/aug/29
            GOOD
            126.576549027
            Mineral
            TOP1
            2009/jan/10
            GOOD
            337.341549028
            Mineral
            TOP 2
            2009/jan/10
            GOOD
            252.979549029
            Mineral
            TOP 3
            2009/jan/10
            GOOD
            442.72





The
Province of British Columbia owns the land covered by the Cupro mineral claims.
Currently, we are not aware of any native land claims that might affect the
title to the mineral claims or to British Columbia’s title to the property.
Although we are unaware of any situation that would threaten these claims, it is
possible that a native land claim could be made in the future. The federal and
provincial government policy at this time is to consult with all potentially
affected native bands and other stakeholders in the area of any potential
commercial production. If we should encounter a situation where a native person
or group claims an interest in these claims, we may choose to provide
compensation to the affected party in order to continue with our exploration
work, or if such an option is not available, we may have to relinquish any
interest that we hold in these claims.
 
 Prior to
the expiry dates listed above, we plan to file for an extension of the Cupro
mineral claims if we have exercised our option to purchase the claims from Mr.
Howell. In order to extend the expiry dates of a mineral claim, the government
requires either (1) completion of exploration work on the mineral claims valued
at an amount stipulated by the government and the payment of a filing fee; or
(2) payment to the Province of British Columbia the stipulated amount that
otherwise was required to be expended for exploration work in lieu of completing
exploration work and the payment of a filing fee to maintain the mineral
claims.
 
 Currently,
an exploration work value of approximately $1.30 per acre is required during
each of the first three years after a claim is acquired and an exploration work
value of approximately $2.60 per acre is required in subsequent
years.  This stipulated amount of expenditures toward exploration work
is set by the Province of British Columbia and can be altered in their sole
discretion.  Mr. W.A. Howell originally staked and recorded his
ownership in the Cupro mineral claims.  Exploration expenditures on
the Cupro mineral claims must be completed and filed with


5
 Table of Contents


the
Province in the required amounts per acre, depending on the claim, or this
amount must be paid to the Province of British Columbia by the respective date.
A maximum of ten years of work credit may be filed on a claim at a
time.
 
 The
exploration fees we anticipate incurring over the coming twelve months will
result in an extension of the expiry dates of the mineral claims for the maximum
of ten years provided that a report and filing fee not exceeding $115 is
remitted to the Province of British Columbia.  In the event that no
exploration work is completed and a filing fee is paid to the Province of
British Columbia in lieu of completing exploration work, the expiry dates of the
mineral claims can be extended only on an annual basis into perpetuity for a
maximum of only one additional year.  If the required exploration work
expenditure is not completed and filed with the Province in any year or if a
payment is not made to the Province of British Columbia in lieu of the required
work within this year, the mineral claims will lapse and title with revert to
the Province of British Columbia.
 
 Geological
Exploration Program in General
 
 We have
obtained an independent Geological Report and have acquired an option to
purchase the Cupro mineral claims. David J. Bridge, Consulting Geologist, has
prepared this Geological Report and reviewed all available exploration data
completed on these mineral claims. A primary purpose of the geological report is
to review information, if any, from the previous exploration of the mineral
claims and to recommend exploration procedures to establish the feasibility of
commercial production project on the mineral claims.  The report,
among other things, lists the mineral titles on the Cupro property, describes
the location and access to the property, provides climate and physiographic
information, contains a history and geology of the property, and reviews
adjacent properties.  The report also gives conclusions regarding
potential mineralization of the mineral claims and recommended a further
geological exploration program.
 
 David J.
Bridge is a geologist with offices at 380-1199 W. Pender Street, Vancouver, BC
V6H 2R4
 
 In his
Geological Report, Mr. Bridge prepared a summary as follows:
 
 The
company has acquired a large property within the Harrison Lake volcanic package,
situated on Mt. Woodside near Harrison Mills, BC., east of Mission City The
property encompasses a number of showings which have characteristics of
volcanogenic massive sulphide (VMS) deposits. In addition there is a
silver-mercury showing at low elevations which was rediscovered about 1975, but
which has not been explored in detail. The property was inspected August 14,
2007 accompanied by property owner Bill Howell, P. Geo. and Barry Price, M.Sc.,
P. Geo.
  The
property is situated adjacent to Harrison Mills BC, a small community between
Mission and Agassiz on the Loughheed Highway on the north side of Fraser River,
approximately 75 miles east of Vancouver Be. The CPR main rail line passes
through the property. The Loughheed Highway and a number
of


6
 Table of Contents


logging
roads provide access to the property. Small private land holdings at lower
elevations are occupied as residential Jots, but these do not affect the target
areas.
 
 The
property contains the following showings:
 
 1.
              Ascot, Fab,
      Treblif Volcanogenic Massive Sulphide ("VMS") showings with
      copper, lead, zinc sulphides in stringer
zones.
 2.
              Fairplay, St. AliceVMS showings
 3.
              HVB
      showing  An Epithermal? Showing of Mercury/Copper-¬Silver
      mineralization in altered volcanics, possibly related to a major
      fault.
 4.
              A
      fourth showing, the Valleyview/Midnight;
      VMS showing is just outside the east boundary of the property, on claims
      owned by Armstrong Sand and Gravel to the east of the Cupro property, and
      is occupied by a gravel and aggregate
operation.
 
 The
claims are situated at low to moderate elevations, within the influence of the
Vancouver "maritime" climate, and can be worked for most of the year unless
heavy snow falls.
 
 The
property is under-explored, although several Assessment reports are available
which describe the work done fairly well. The volcanic package contains numerous
gold, silver and VMS showings, of which the most prominent is the "Seneca"
volcanogenic massive sulphide deposit, situated 10 kilometres to the north, and
now being explored by Carat Explorations Ltd. Other VMS prospects in the same
rock package are being explored at Norrish Creek and Chehalis Lake areas. As at
the Seneca deposits to the north, mineralized footwall volcaniclastics and
sediments and hangingwall unmineralized massive volcanic rocks have been
recognized, which assists in defining the target for polymetallic volcanogenic
massive sulphide (VMS) deposits.
 
 A
prominent linear is visible on topographic maps, landsat photos and air photos
which trends from Seneca directly through the Cupro claims. This feature has not
been prospected or explored.
 
 This
report summarizes work done on the various showings in the past and sets out a
proposed exploration program and budget for the next two phases of
exploration.
 
 Suggested
work involves:
 Prospecting
and mapping
 Inspection
of the known showings, with rock and soil samples Compilation of existing
geochemical surveys
 Airborne
magnetic-VLF-radiometric surveys
 IP
surveys over favourable areas
 Drilling
of IP anomalies, airborne geophysical anomalies or geochemical
anomalies




7
 Table of Contents




A
first phase budget of US$ 60,000 and a second phase budget of US$ 140,000 for a
total of US$ 200,000 is recommended.
 
 We have
done a portion of the work recommended in phase one and are currently reviewing
the results with our consulting geologist. Our exploration program is
exploratory in nature and there is no assurance that mineral reserves will be
found.  The details of the Geological Report are provided
below.
 
 Exploration
History of the Cupro Mineral Claims
 
 The
history of the exploration of the mineral claims is described in the report that
was prepared by our geological consultant, David J. Bridge.  The
following summary of the exploration history of the mineral claims is based on
our consultant’s description.
 
 A brief
history of the showings within or near the property is derived from Minister of
Mines Annual Reports, Assessment Reports and Minfile.
 
 1897-1888:
Two claims were staked on the banks of the Fraser, on what is now the Fairplay
and Queen
Crown grants. A lengthy tunnel was driven into the hill from near the railway
tracks, following the trace of two mineralized zones with polymetallic
copper-lead zinc mineralization. Claims were also known as Lady Jane, Fat Man,
Queen and St. Alice. No plans of the workings remain
 
 1929:
This property was acquired by the late Frank E
Woodside as the FEW claims.  There is no record of additional
work done.
 
 1966:
Trenching was carried out on the Ascot property by Ascot Mines
Ltd. on mineralized showings near the switchback on the access road
(approximately the same location as the later 1971 work). Work was also done on
the nearby PF and
Midnight property (now within the sand and gravel operation) by C.J.
Coveney for Bethex
Exploration Ltd. An IP survey was completed, 6 trenches totaling 1,950
ft. were cut, and two drillholes totaling 1,056 feet were completed. A number of
mineralized zones were explored.
 
 1971:
Mapping and sampling was done on the Fab
claims, adjacent to the Ascot property by geologist David Cooke, P.Eng.,
for Gary Schell of Geoquest
Ltd. Stringer and vein polymetallic mineralization was seen.
Approximately $1,250 was expended.
 
 1973:
Harry Vernon Barley of Mission staked two claims on the
copper-silver­-mercury mineralized zones at the base of Mt. Woodside about 1
km east of Harrison River bridge. The property was inspected and sampled by
geologist Barry Price, P.Geo in 1974 for Delphi Resources
Ltd., a private company.
  8
 Table of Contents


1981: A
small program of mapping and sampling was done on the Treblif property (covering
the same area as Fah) by Tim Sadlier Brown, P.Eng. for Invermay Resources Ltd.
(Mel Pardek).
 
 1984: A
geological program was completed by Ken Northcote,
Ph.D. for Star Mountain
Resources Inc. on the Valleyview (Midnight) area claims to the east of
the Cupro property. Grab, or selected samples, assayed from 0.016% to 10.20%
copper, and containing up to 9.6 oz/ton silver over narrow widths. Approximately
$9,700 was expended. K.E. Northcote and Associates Ltd. were contracted by Star
Mountain Resources Inc. to-carry out a ground magnetometer survey on the Valley
View and Goldtop claims and prepare a report outlining the results of this
work.
 
 1988:
Also on the Valleyview claims, a geological program was completed by Marion
Blank, B.Sc., for Gila Bend Resource Corp. The program looked at two
showings:
 
 1. Valley
View Showing: A strong northeasterly trending zone of hydrothermal
alteration with massive sulphide mineralization along two superimposed fracture
patterns -020 degrees and 310 degrees. Major mineralization consists of coarse
crystalline pyrite, less chalcopyrite, minor sphalerite and galena with silver
values and trace gold values.
 
 2. Stacey
Creek Showing: A siliceous brecciated alteration zone with irregular
veins of barite. Minor sulphide mineralization consisting of pyrite,
chalcopyrite, galena and sphalerite occurs locally in association with sericitic
and siliceous alteration. Minor gold values were also noted.
 
 The work
program included comprehensive mapping, magtnetometer and VLF EM surveys at a
total cost of $46,000.
 
 While
minor other prospecting has been done on Mt. Woodside since that time (Murray
MacLaren, personal communication) no other geological, geophysical, or
geochemical work has been filed with the government.
 
 Showings
 
 The
primary showings (geological evidence of local mineralization) of interest on
the Cupro mineral claims property are noted below:
 
 HVB
showing.
 
 This
showing occurs along the west facing slope of Mt. Woodside where the fields
adjoin the Highway. Along the slope are indications of probable shallow adits
with some vein mineralization with Tetrahedrite (Copper Antimony sulphide) and
minor Cinnabar (Mercuric sulphide) in quartz/carbonate veins. The property was
briefly staked in about 1973 by Harry


9
 Table of Contents


Vernon
Barley. BJ Price wrote up a brief summary for Delphi Resources Ltd, a private
company, in 1974. Seven samples were taken by Price in 1974 and noted in our
Geologist’s report.
 
 Ascot
Showing:
 
 At the
Ascot showing, the volcanic rocks are locally silicified and mineralized with
sulphides, mainly pyrite, with minor amounts of chalcopyrite and a trace of
sphalerite. Mineralization is associated with quartz stringers striking
west-northwest and dipping steeply northeast in altered siliceous volcanic rocks
including agglomerate or andesite flow breccia. A film of chalcocite coats the
other sulphides where the stringers are vuggy. These sulphides also occur in
small amounts in the country rock together with heavy concentrations of
pyrite.
 
 In the
same vicinity, chalcopyrite is reported (Minfile) to occur in a shear in
porphyritic andesite. The shear is 15 centimeters wide, strikes 110 degrees,
dips 65 degrees southwest and is parallel to a band of grey, cherty pyritic rock
about 3 meters wide. A sample of a sulphide-rich gossan zone yielded 0.35 per
cent copper and less than 0.1 gram per ton gold.
 
 Mineralization
at the Ascot (or Fab) showing is described by D.L Cooke P.Eng. as follows:
Pyrite Is the most widespread form of sulphide mineralization, and its abundance
appears to be directly correlated with the intensity of fracturing and/or rock
types. Little or no pyrite was observed in the massive rhyolite and dacite
flows.
 
 From a
trace to about 5% pyrite was noted in the andesite flows, and up to 20% pyrite
in some outcrops of rhyolitic fragmental rocks. Pyrite occurs both in
disseminated cubes and as sub-massive sulphide associated with fractures and
quartz stringers within these siliceous pyroclastic members. Like the fragmented
host rocks, these areas of intense mineralization have not been traced for any
appreciable distances.
 
 Minor
amounts of chalcopyrite and a trace of sphalerite are associated with quartz
stringers in altered siliceous agglomerates near the southeast boundary of the
(former) Fab No.2 claim. These sulphides also occur in small amounts together
with the heavy pyrite impregnating the country rock.
 
 Where
some of the stringers are vuggy, a secondary black film of chalcocite coats the
other sulphides. Traces of disseminated chalcopyrite also occur in association
with pyrite.
 
 Copper-zinc-silver
mineralization in a similar volcanic setting has been reported on the adjacent
Ascot claims to the east, and on the Seneca claims which lie several miles to
the northwest on the west side of Harrison Lake.
 
 Playfair
showing
 
 Although
the Playfair showing appears to be covered by two crown-granted mineral claims,
ownership of this property is uncertain. There were two "lodes" reported in
1897, explored from working near the railway level. Polymetallic mineralization
is present but it is not known whether this is
vein material or VMS or Kuroko type mineralization. The showing should be mapped
and sampled in detail. 
 Recommendations
from Our Consulting Geologist
 
 In his
Geological Report, Mr. Bridge prepared conclusions and recommendations of the
exploration program as follows:
 
 CONCLUSIONS
 
 The Cupro
property, which has been explored intermittently in the past by a number of
junior companies, each with small claim holdings, has been assembled into one
large property which can now be explored by modern geochemical and geophysical
methods.
 
 Although
there are no immediate drill targets, comparison with adjacent VMS properties
such as the Seneca property, suggests that similar massive sulphide
mineralization could occur in the area.
 
 With
volcanic packages such as the Harrison Lake formation (host to the Seneca
deposits and the Cupro showings), deposits are generally found in strongly
altered “footwall” volcanic (tuffs and volcanic sediments) generally at a
sedimentary interface.  The deposits are overlain by relatively
unaltered, massive “Hangingwall” volcanics which are fresh and
unmineralized.  Such a ssuccession is present at Mr. Woodside, where
the known showings are at the base of the mountain, overlain by massives and
volcaniclastics.  This provides a good exploration target, and it
appears that Footwall and Hanginwall sequences have been
recognized.
  10
 Table of Contents
 
 RECOMMEDATIONS
 
 Initially,
base maps should be prepared at a favorable scale. New TRIM topographical maps
are appropriate, and can be purchased in digital format.
 1
 A
comprehensive prospecting and mapping program is suggested, to be followed by
geochemical soil and silt stream sediment surveys and rock
sampling.  Any anomalous areas should have Induced Polarization (IP)
survey grids completed to try and outline areas with sulphides.
 
 An
airborne geophysical multi-sensor survey might be useful, in light of the steep
and relatively inaccessible terrain on the north slope of the mountain. If areas
of interest are outlined by any one or more of the above noted surveys, a
program of diamond drilling would follow.




Exploration
Budget




Phase
      I
            Exploration
      ExpenditureCompilation
      of Geochemical data
            $
            7,000Prospecting
            $
            8,000Geochemical
      mapping, sampling
            $
            18,000Vehicles,
      Fuel
            $
            5,500Room
      & Board
            $
            4,500Analyses
            $
            6,000Supplies
            $
            1,000Report
            $
            6,000$
            55,000Contingencies
      @10% approximately
            $
            5,000Phase
      I Total
            $
            60,000Phase IIGeophysical
      surveys and drilling
            $
            140,000Phase
      II Total
            $
            140,000Total,
      Phases I and II
            $
            200,000




We
completed a portion of Phase 1 during the reporting period and because of a
delay in receiving the results, we are currently evaluating that work program
Upon our review of the results, we will assess whether the results are
sufficiently positive to warrant additional phases of the exploration
program.  We will make this decision to proceed with further phases
based upon our consulting geologist’s review of the results and his
recommendations.  In order to complete Phase I and any additional
phases, we will need to raise additional capital.  We plan to raise
additional capital in the amount of $125,000 to $150,000 during the fiscal year
ending May 31, 2009 by seeking additional funds from existing investors or by
offering equity securities to new investors.
 
 Competition
 
 The
mineral exploration industry, in general, is intensely competitive, and even if
commercial quantities of reserves are discovered, a ready market may not exist
for the sale of the reserves.
 
 Most
companies operating in this industry are more established and have greater
resources to engage in the production of mineral claims.  We were
incorporated on January 30, 2007 and our operations are not well
established.  Our resources at the present time are
limited.  We may exhaust all of our resources and be unable to
complete the exploration of the Cupro mineral claims.  There is also
significant competition to retain qualified personnel to assist in conducting
mineral exploration activities.   If a commercially viable
deposit is found to exist and we are unable to retain additional qualified
personnel, we may be unable to enter into production and
achieve
  11
 Table of Contents
  profitable
operations.  These factors set forth above could inhibit our ability
to compete with other companies in the industry and enter into production of the
mineral claims if a commercial viable deposit is found to exist.
 
 Numerous
factors beyond our control may affect the marketability of any substances
discovered.  These factors include market fluctuations, the proximity
and capacity of natural resource markets and processing equipment, government
regulations, including regulations relating to prices, taxes, royalties, land
tenure, land use, importing and exporting of minerals and environmental
protection.  The exact effect of these factors cannot be accurately
predicted, but the combination of these factors may result in our not receiving
an adequate return on invested capital.
 
 Compliance
with Government Regulation
 
 The main
agency that governs the exploration of minerals in the Province of British
Columbia, Canada, is the Ministry of Energy and Mines.
 
 The
Ministry of Energy and Mines manages the development of British Columbia's
mineral resources, and implements policies and programs respecting their
development while protecting the environment. In addition, the Ministry
regulates and inspects the exploration and mineral production industries in
British Columbia to protect workers, the public and the
environment.
 
 The
material legislation applicable to Bold View Resources, Inc. is the Mineral
Tenure Act, administered by the Mineral Titles Branch of the Ministry of Energy
and Mines. The initial phase of our exploration program will consist of hand
trenching, sampling, mapping, and possibly a segment of an electronic based
geological exploration technique referred to as Induced Polarization. The
practice in British Columbia under this act has been to request permission for
such a program in a letter to the B.C. Ministry of Energy and Mines. Permission
is usually granted within one week. Should a follow-up exploration program be
undertaken, it would probably be intended to refine information garnered in the
first phase employing the same methods of exploration.
 
 The B.C.
Ministry of Energy and Mines administers the Mines Act, the Health, Safety and
Reclamation Code and the Mineral Exploration Code. Ongoing exploration programs
likely will be expanded to include activities such as line cutting, machine
trenching and drilling. In such circumstance, a reclamation deposit is usually
required in the amount of $3,000 to $5,000. The process of requesting permission
and posting the deposit usually takes about 2 weeks. The deposit is refundable
upon a Ministry of Energy and Mines inspector’s determination that the
exploration program has resulted in no appreciable disturbance to the
environment.
 
 The
Mineral Tenure Act and its regulations govern the procedures involved in the
location, recording and maintenance of mineral and placer titles in British
Columbia.  The Mineral Tenure Act also governs the issuance of mining
leases, which are long term entitlements to minerals, designed as production
tenures. At this phase in the process, a baseline environmental study would have
to be produced. Such a study could take many months and cost in excess of
$100,000.
  12
 Table of Contents
  All
mineral exploration activities carried out on a mineral claim or mining lease in
British Columbia must be in compliance with the Mines Act.  The Mines
Act applies to all mines during exploration, development, construction,
production, closure, reclamation and abandonment. Additionally, the provisions
of the Health, Safety and Reclamation Code for mines in British Columbia contain
standards for employment, occupational health and safety, accident
investigation, work place conditions, protective equipment, training programs,
and site supervision.  Also, the Mineral Exploration Code contains
standards for exploration activities including construction and maintenance,
site preparation, drilling, trenching and work in and about a water
body.
 
 Additional
approvals and authorizations may be required from other government agencies,
depending upon the nature and scope of the proposed exploration
program.  If the exploration activities require the falling of timber,
then either a free use permit or a license to cut must be issued by the Ministry
of Forests.  Items such as waste approvals may be required from the
Ministry of Environment, Lands and Parks if the proposed exploration activities
are significantly large enough to warrant them.
 
 If we
progress to the production phase, production of minerals in the Province of
British Columbia will require prior approval of applicable governmental
regulatory agencies. We cannot be certain that such approvals will be
obtained.  The cost and delay involved in attempting to obtain such
approvals cannot be known in advance.
 
 We will
also have to sustain the cost of reclamation and environmental remediation for
all exploration work undertaken.  Both reclamation and environmental
remediation refer to putting disturbed ground back as close to its original
state as possible.  Other potential pollution or damage must be
cleaned-up and renewed along standard guidelines outlined in the usual permits.
Reclamation is the process of bringing the land back to its natural state after
completion of exploration activities.  Environmental remediation
refers to the physical activity of taking steps to remediate, or remedy any
environmental damage caused such as refilling trenches after sampling or
cleaning up fuel spills.  Our initial exploration program does not
require any reclamation or remediation because of minimal disturbance to the
ground.  The amount of these costs is not known at this time because
we do not know the extent of the exploration program we will undertake, beyond
completion of the recommended exploration phase described above, or if we will
enter into production on the property. Because there is presently no information
on the size, tenor, or quality of any resource or reserve at this time, it is
impossible to assess the impact of any capital expenditures on our earnings or
competitive position in the event a potentially economic deposit is
discovered.
 
 Employees
 
 We have
no employees other than our president and CEO, Mr. Howie, and our Secretary and
Treasurer, Mrs. Zimmerman. We conduct our business largely through agreements
with consultants and other independent third party vendors.
  Research
and Development Expenditures
 
 We have
not incurred any research or development expenditures since our
incorporation.
 
 Subsidiaries
 
 We have
neither formed, nor purchased any subsidiaries since our
incorporation.
 
 Patents
and Trademarks
 
 We do not
own, either legally or beneficially, any patent or
trademark.





Item1A.   Risk Factors.





A smaller
reporting company is not required to provide the information required by this
Item.





Item1B.   Unresolved Staff Comments





A smaller
reporting company is not required to provide the information required by this
Item.


13
 Table of Contents


Item2.   Properties





We have
acquired an option to purchase the Cupro mineral claims.  We do not
own or lease any property.





Mineral
Claims





The Cupro
group of reverted crown granted mineral claims is located adjacent to Harrison
Mills, BC, a small community between Mission and Agassiz on the Loughheed
Highway on the north side of the Fraser River, approximately 75 miles east of
Vancouver, B.C. The CPR main line passes through the property. The Loughheed
Highway and a number of logging roads provide access to the property. The
following maps indicate the location of the Cupro mineral claims within the
surrounding area.





Map
1





14
 Table of Contents


Map
2








Corporate
Offices





Our
principal offices are located at 800 North Rainbow Blvd, Ste 208, Las Vegas,
NV  89107. Our phone number is 702-948-5023.Our agent for service of
process in Nevada is Nevada State Resident Agent Services, Inc., 3838 Raymert
Drive, Suite 10A, Las Vegas, NV 89121.





Item3.   Legal Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item4.   Submission of Matters to a Vote of Security
Holders





No
matters were submitted to a vote of the Company's shareholders during the
quarter ended May 31, 2008.


15
 Table of Contents


PART II





Item5.    Market for Registrant’s Common Equity
and Related Stockholder Matters and Issuer Purchases of Equity
Securities





Market
Information





Our
common stock is currently quoted on the OTC Bulletin Board (“OTCBB”), which is
sponsored by FINRA. The OTCBB is a network of security dealers who buy and sell
stock. The dealers are connected by a computer network that provides information
on current "bids" and "asks", as well as volume information. Our shares are
quoted on the OTCBB under the symbol “BLVW.OB.”





The
following table sets forth the range of high and low bid quotations for our
common stock for each of the periods indicated as reported by the OTCBB. These
quotations reflect inter-dealer prices, without retail mark-up, mark-down or
commission and may not necessarily represent actual transactions.





Fiscal
      Year Ending May 31, 2008Quarter
      Ended
            
            High
      $
            
            Low
      $May
      31, 2008
            
            n/a
            
            n/a





Penny
Stock





The SEC
has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities with
a market price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or system. The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock, to deliver a
standardized risk disclosure document prepared by the SEC, that: (a) contains a
description of the nature and level of risk in the market for penny stocks in
both public offerings and secondary trading; (b) contains a description of the
broker's or dealer's duties to the customer and of the rights and remedies
available to the customer with respect to a violation of such duties or other
requirements of the securities laws; (c) contains a brief, clear, narrative
description of a dealer market, including bid and ask prices for penny stocks
and the significance of the spread between the bid and ask price; (d) contains a
toll-free telephone number for inquiries on disciplinary actions; (e) defines
significant terms in the disclosure document or in the conduct of trading in
penny stocks; and (f) contains such other information and is in such form,
including language, type size and format, as the SEC shall require by rule or
regulation.





The
broker-dealer also must provide, prior to effecting any transaction in a penny
stock, the customer with (a) bid and offer quotations for the penny stock; (b)
the compensation of the broker-dealer and its salesperson in the transaction;
(c) the number of shares to which such bid and ask prices apply, or other
comparable information relating to the depth and liquidity of
the


16
 Table of Contents


market
for such stock; and (d) a monthly account statement showing the market value of
each penny stock held in the customer's account.





In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions involving
penny stocks, and a signed and dated copy of a written suitability
statement.





These
disclosure requirements may have the effect of reducing the trading activity for
our common stock. Therefore, stockholders may have difficulty selling our
securities.





Holders
of Our Common Stock





As of May
31, 2008, we had 2,230,000 shares of our common stock issued and outstanding,
held by 36 shareholders of record.





Dividends





The
Company has not declared, or paid, any cash dividends since inception and does
not anticipate declaring or paying a cash dividend for the foreseeable
future.
 
 Nevada
law prohibits our board from declaring or paying a dividend where, after giving
effect to such a dividend, (i) we would not be able to pay our debts as they
came due in the ordinary course of our business, or (ii) our total assets would
be less than the sum of our total liabilities plus the amount that would be
needed, if the corporation were to be dissolved at the time of distribution, to
satisfy the rights of any creditors or preferred
stockholders.





Securities
Authorized for Issuance under Equity Compensation Plans





We do not
have any equity compensation plans.





Item6.   Selected Financial Data





A smaller
reporting company is not required to provide the information required by this
Item.


17
 Table of Contents


Item7.  Management’s Discussion and Analysis of Financial
Condition and Results of Operations





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions. We intend such forward-looking statements to be covered by the
safe-harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this statement for
purposes of complying with those safe-harbor provisions. Forward-looking
statements are based on current expectations and assumptions that are subject to
risks and uncertainties which may cause actual results to differ materially from
the forward-looking statements. Our ability to predict results or the actual
effect of future plans or strategies is inherently uncertain. Factors which
could have a material adverse affect on our operations and future prospects on a
consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability of capital, interest
rates, competition, and generally accepted accounting principles. These risks
and uncertainties should also be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Further information concerning our business, including additional factors that
could materially affect our financial results, is included herein and in our
other filings with the SEC.





Plan
of Operation in the Next Twelve Months





Our plan
of operations is to proceed with the exploration of the Cupro mineral claims to
determine whether there are commercially exploitable reserves of copper, zinc,
molybdenum, and other metallic minerals.  We have entered into a
Mining Option Agreement regarding the Cupro mineral claims and intend to proceed
with the initial exploration program as recommended by our consulting
geologist.
 
 Our total
expenditures over the next twelve months, excluding costs associated with being
a public company, are anticipated to be approximately $74,313 as we undertake
Phase I exploration. Specifically, we expect to incur approximately $60,000 in
connection with the commencement of Phase I of our recommended geological work
program. We will also expend C$15,000 in connection with the Option Agreement
and monies due to Mr. Howell prior to December 31, 2008, or approximately
$14,313. We had a working capital deficit in the amount of $4,108 as of May 31,
2008. As such, we have insufficient funds to cover our anticipated expenditures
in the next twelve months. However, we plan to raise equity financing in the
amount of $125,000 to $150,000, and that should be enough to cover the
approximately $74,313


18
 Table of Contents


in
anticipated expenditures in the next twelve months. Any remaining monies will be
carried forward to complete Phase I and begin Phase II. Because of the
uncertainties inherent in foreign currency exchange rates, there are
uncertainties in our operational costs. Our accounting is in US$ while our
Option Agreement payments and other expenses generally require payment in
CAN$.
 
 Some
geological and geochemical work was performed under Phase 1 of our exploration
program during the reporting period.  The work was performed by our
consulting geologist, Mr. David Bridge, for a total cost of
$17,000.  We paid $9,440 in exploration expenses for the year, and the
balance has just recently been invoiced to the company.  Mr. Bridge
performed the work in August 2007, and assays and reports were completed in
November 2007.  However, we just received a copy of these materials
after the reporting period and have not had a chance to go over them with Mr.
Bridge, as he is unavailable in the field on another project. As such, we have
not been able to determine the impact of his work or the viability of
exploitable resources on our claims.
 
 We plan
to review Mr. Bridge’s report and continue our work on Phase 1 of our
exploration program. Once we receive the results of our Phase I exploration, our
board of directors, in consultation with our consulting geologist, will assess
whether to proceed with further exploration. In making this determination to
proceed with a further exploration program, we will make an assessment as to
whether the results of the Phase I exploration program are sufficiently positive
to enable us to proceed.  This assessment will include an evaluation
of our cash reserves after the completion of the initial exploration, the price
of minerals, and the market for the financing of mineral exploration projects at
the time of our assessment.
 
 In the
event the results of our initial exploration program prove not to be
sufficiently positive to proceed with further exploration on the Cupro mineral
claims, we intend to seek out and acquire interests in other North American
mineral exploration properties, which, in the opinion of our consulting
geologist, offer attractive mineral exploration opportunities.  If we
are unable locate and acquire such prospects, we may be forced to seek other
business opportunities.  Presently, we have not given any
consideration to the acquisition of other exploration properties because we have
only recently commenced our initial exploration program and have not received
any results.
 In the
event our Phase II mineral exploration program is undertaken, it would likely
result in significantly more geological data than Phase I because much of the
infrastructure constructed in Phase I will still be available during Phase II
exploration.
 
 In the
event our board of directors, in consultation with our consulting geologist,
chooses to complete the Phase I and Phase II mineral exploration programs, we
will require additional financing. The objective of the Phase I work is to
identify areas that have a strong likelihood of hosting mineral deposits that
can be explored further during Phase II. The objective of Phase II work is to
commence diamond drilling in areas identified in Phase I to obtain core samples
for geochemical analysis.
 
 Upon the
completion of the first two exploration phases, or any additional programs,
which are successful in identifying mineral deposits, we will have to spend
substantial funds on further drilling
and engineering studies before we know that we have discovered a mineral
reserve. A mineral reserve is a commercially viable mineral
deposit.





Purchase
of Significant Equipment





We do not
intend to purchase any significant equipment over the next twelve
months.


19
 Table of Contents


Results
of Operations for the year ended May 31, 2008 and period from Inception (January
30, 2007) to May 31, 2008





We did
not earn any revenues from inception through the period ending May 31, 2008. We
do not anticipate earning revenues until such time that we are able to locate
and exploit commercial reserves of copper, zinc, molybdenum, and other metallic
minerals. We are presently in the exploration stage of our business and we can
provide no assurance that we will discover commercially exploitable levels of
mineral resources on the Cupro mineral properties, or if such resources are
discovered, that we will enter into commercial production.
 
 We
incurred operating expenses in the amount of $34,377 for the year ended May 31,
2008, and $42,108 from our inception on January 30, 2007 to May 31, 2008. The
operating expenses for the year ended May 31, 2008 included general and
administrative expenses in the amount of $24,937 and mining exploration expenses
in the amount of $9,440. The operating expenses for period from inception
(January 30, 207) to May 31, 2008 included general and administrative expenses
in the amount of $32,668 and mining exploration expenses in the amount of
$9,440.
 
 We
anticipate our operating expenses will increase as we undertake our plan of
operations. The increase will be attributable to undertaking the additional
phases of our geological exploration program and the professional fees
associated with our becoming a reporting company under the Securities Exchange
Act of 1934.
 
 We
incurred a net loss of $34,377 for the year ended May 31, 2008 and $42,108 from
our inception on January 30, 2007 through period ending May 31, 2008. Our losses
for all periods are attributable to operating expenses and our lack of
revenue.





Liquidity
and Capital Resources





We had
cash of $705 as our only current asset as of May 31, 2008. We had current
liabilities of $4,813 as of May 31, 2008. We therefore had a working capital
deficit of $4,108 as of May 31, 2008.
 
 We have
not attained profitable operations and are dependent upon obtaining financing to
pursue exploration activities. For these reasons our auditors stated in their
report that they have substantial doubt we will be able to continue as a going
concern.





Off
Balance Sheet Arrangements





As of May
31, 2008, there were no off balance sheet arrangements.





Going
Concern





We have
not attained profitable operations and are dependent upon obtaining financing to
pursue exploration activities.  For these reasons our auditors stated
in their report that they have substantial doubt we will be able to continue as
a going concern.


20
 Table of Contents


Item7A.   Quantitative and Qualitative Disclosures
About Market Risk





A smaller
reporting company is not required to provide the information required by this
Item.





Item8.   Financial Statements and Supplementary
Data





See the
financial statements annexed to this annual report.





Item9.   Changes In and Disagreements with
Accountants on Accounting and Financial Disclosure





None





Item9A(T).  Controls and Procedures





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in company reports filed or
submitted under the Securities Exchange Act of 1934 (the “Exchange Act”) is
recorded, processed, summarized and reported, within the time periods specified
in the Securities and Exchange Commission’s rules and forms. Disclosure controls
and procedures include without limitation, controls and procedures designed to
ensure that information required to be disclosed in company reports filed or
submitted under the Exchange Act is accumulated and communicated to management,
including our chief executive officer and treasurer, as appropriate to allow
timely decisions regarding required disclosure.
 
 As
required by Rules 13a-15 and 15d-15 under the Exchange Act, our chief executive
officer and chief financial officer carried out an evaluation of the
effectiveness of the design and operation of our disclosure controls and
procedures as of May 31, 2008. Based on their evaluation, they concluded that
our disclosure controls and procedures were effective.
 
 Our
internal control over financial reporting is a process designed by, or under the
supervision of, our chief executive officer and chief financial officer and
effected by our board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of our financial reporting and
the preparation of our financial statements for external purposes in accordance
with generally accepted accounting principles. Internal control over financial
reporting includes policies and procedures that pertain to the maintenance of
records that in reasonable detail accurately and fairly reflect the transactions
and dispositions of our assets; provide reasonable assurance that transactions
are recorded as necessary to permit preparation of our financial statements in
accordance with generally accepted accounting principles, and
that


21
 Table of Contents


our
receipts and expenditures are being made only in accordance with the
authorization of our board of directors and management; and provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of our assets that could have a material effect on our
financial statements.
 
 Under the
supervision and with the participation of our management, including our chief
executive officer, we conducted an evaluation of the effectiveness of our
internal control over financial reporting based on the criteria established in
Internal Control – Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (“COSO”). Based on this evaluation
under the criteria established in Internal Control – Integrated Framework, our
management concluded that our internal control over financial reporting was
effective as of May 31, 2008.
 
 This
annual report does not include an attestation report of our registered public
accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit us to provide only management’s report in this annual
report.
 
 During
the most recently completed fiscal quarter, there has been no change in our
internal control over financial reporting that has materially affected or is
reasonably likely to materially affect, our internal control over financial
reporting.





Item9B.   Other Information





None


PART III





Item10.  Directors, Executive Officers and Corporate
Governance





The
following information sets forth the names of our current directors and
executive officers, their ages as of May 31, 2008 and their present
positions.





Name
            Age
            Position
      Held with the CompanyRichard
      Howie
            49
            President,
      Chief Executive Officer, and DirectorMarilyn
      Zimmerman
            53
            Treasurer,
      Secretary and Director





Set forth
below is a brief description of the background and business experience of
executive officers and directors.





Richard Howieis our President, Chief Executive Officer, and one
of our directors. As President, Mr. Howie is responsible for the day-to-day
management of the Company and for the continued strategic evolution of its
mineral exploration and development programs.




22
 Table of Contents


Mr.
Howie, a metallurgical engineer, has a 26-year career related to the mining
industry. Responsibilities have included sales and engineering design for
cyclone classifiers for grinding circuits and cyclone separators with pumping
systems for mining operations, as well as working with a team for recycling
system design, tailing system design, sales, and implementation for operations
in the mining and sand and gravel processing industry.
 
 Mr. Howie
has served as Vice President of Process Engineers and Equipment Corporation in
Spokane, Washington, since 1993. The company provides tailing system design,
sales, and implementation for customers in the mining and sand and gravel
processing industry. Mr. Howie will initially devote 10% of his time to Bold
View Resources, Inc.
 
 
 Marilyn Zimmermanis our
Secretary, Treasurer and a director. As Secretary and Treasurer, Mrs. Zimmerman
is responsible for all filings, record keeping and administrative functions for
the Company. Mrs. Zimmerman has a background as a business administrator and has
worked in Las Vegas in that capacity for more than five years.
 
 Family
Relationships
 
 There are
no family relationships between or among the directors, executive officers or
persons nominated or chosen by us to become directors or executive
officers.
 
 Involvement
in Certain Legal Proceedings
 
 To  the
best of our knowledge, during the past five years, none of the
following  occurred  with  respect  to a
present or former director, executive officer, or  employee: (1) any
bankruptcy petition filed by or against any business  of which such
person was a general partner or executive officer either
at  the  time  of the bankruptcy or within two
years prior to that time; (2) any conviction in a
criminal  proceeding  or  being subject to a
pending criminal
proceeding  (excluding  traffic  violations and
other minor offenses); (3) being subject  to  any order,
judgment or decree, not subsequently reversed, suspended
or  vacated,  of  any  court  of  competent  jurisdiction,  permanently  or
temporarily enjoining, barring, suspending or otherwise limiting his or her
involvement in  any  type of business, securities or banking
activities; and (4) being found
by  a  court  of  competent  jurisdiction  (in  a  civil
action), the SEC or the
Commodities  Futures  Trading  Commission  to  have  violated
a federal or state securities or commodities law, and the judgment has not been
reversed, suspended or vacated.
 
 Audit
Committee
 
 We
do not have a separately-designated standing audit committee. The entire Board
of Directors performs the functions of an audit committee, but no written
charter governs the actions of the Board when performing the functions of what
would generally be performed by an audit committee.
 Code
of Ethics
  As of May
31, 2008, we had not adopted a Code of Ethics for Financial Executives, which
would include our principal executive officer, principal financial officer,
principal accounting officer or controller, or persons performing similar
functions.


23
 Table of Contents


Item11.  Executive Compensation





Summary
Compensation Table





The table
below summarizes all compensation awarded to, earned by, or paid to both to our
officers and to our directors for all services rendered in all capacities to us
for our fiscal years ended May 31, 2008 and 2007.





SUMMARY
      COMPENSATION TABLENameand
              principalposition
            Year
            Salary($)
            Bonus
              ($)
            Stock
              Awards
              ($)
            Option
              Awards
              ($)
            Non-Equity
              Incentive
      Plan
              Compensation
              ($)
            Nonqualified
              Deferred
              Compensation
              Earnings
      ($)
            All
      Other
              Compensation
              ($)
            Total
              ($)Richard
      Howie, President, CEO and Director
            2008
              2007
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0Marilyn
      Zimmerman, Secretary, Treasurer and Director
            2008
              2007
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0








Narrative
Disclosure to the Summary Compensation Table





Although
we do not currently compensate our officers, we reserve the right to provide
compensation at some time in the future.  Our decision to compensate
officers depends on the availability of our cash resources with respect to the
need for cash to further our business purposes.





Stock
Option Grants





We have
not granted any stock options to the executive officers or directors since our
inception.





Outstanding
Equity Awards at Fiscal Year-End





The table
below summarizes all unexercised options, stock that has not vested, and equity
incentive plan awards for each named executive officer as of May 31,
2008.


24
 Table of Contents





OUTSTANDING
      EQUITY AWARDS AT FISCAL YEAR-ENDOPTION
      AWARDS
            STOCK
      AWARDSName
            Number
      of
              Securities
              Underlying
              Unexercised
              Options
              (#)
              Exercisable
            Number
      of
              Securities
              Underlying
              Unexercised
              Options
              (#)
              Unexercisable
            Equity
              Incentive
              Plan
              Awards:
              Number
      of
              Securities
              Underlying
              Unexercised
              Unearned
              Options
              (#)
            Option
              Exercise
              Price
              ($)
            Option
              Expiration
              Date
            Number
              of
              Shares
              or
      Units
              of
              Stock
      That
              Have
              Not
              Vested
              (#)
            Market
              Value
              of
              Shares
              or
              Units
              of
              Stock
              That
              Have
              Not
              Vested
              ($)
            Equity
              Incentive
              Plan
              Awards:
              Number
              of
              Unearned
              Shares,
              Units
      or
              Other
              Rights
              That
      Have
              Not
              Vested
              (#)
            Equity
              Incentive
              Plan
              Awards:
              Market
      or
              Payout
              Value
      of
              Unearned
              Shares,
              Units
      or
              Other
              Rights
              That
              Have
      Not
              Vested
              (#)Richard
      Howie, President, CEO and Director
            -
            -
            -
            -
            -
            -
            -
            -
            -Marilyn
      Zimmerman, Secretary, Treasurer and Director
            -
            -
            -
            -
            -
            -
            -
            -
            -





Compensation
of Directors





We do not
pay any compensation to our directors at this time. However, we reserve the
right to compensate our directors in the future with cash, stock, options, or
some combination of the above.





Stock
Option Plans





We did
not have a stock option plan in place as of May 31, 2008.





Item12.  Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder
Matters





The
following table sets forth, as of May 31, 2008 certain information as to shares
of our common stock owned by (i) each person known by us to beneficially own
more than 5% of our outstanding common stock, (ii) each of our directors, and
(iii) all of our executive officers and directors as a group:


25
 Table of Contents





Title
      of Class
            Name
      and address of beneficial owner
            Number
      of Shares of Common Stock
            Percentage
      of Common Stock (1)Common
      Stock
            Richard
      Howie
              1011
      W. 25th
      Ave
              Spokane,
      WA 99203
            1,000,000
            44.8%Common
      Stock
            Marilyn
      Zimmerman
              9573
      Gainey Ranch Ave.
              Las
      Vegas, NV 89147
            500,000
            22.4%Common
      Stock
            All
      Officers and Directors as a Group (one person)
            1,500,000
            67.3%




(1)
            The
      percent of class is based on 2,230,000 shares of common stock issued and
      outstanding as of May 31, 2008





The
persons named above have full voting and investment power with respect to the
shares indicated.  Under the rules of the Securities and Exchange
Commission, a person (or group of persons) is deemed to be a "beneficial owner"
of a security if he or she, directly or indirectly, has or shares the power to
vote or to direct the voting of such security, or the power to dispose of or to
direct the disposition of such security.  Accordingly, more than one
person may be deemed to be a beneficial owner of the same security. A person is
also deemed to be a beneficial owner of any security, which that person has the
right to acquire within 60 days, such as options or warrants to purchase our
common stock.





Item13.   Certain Relationships and Related
Transactions, and Director Independence





None of
our directors or executive officers, nor any proposed nominee for election as a
director, nor any person who beneficially owns, directly or indirectly, shares
carrying more than 5% of the voting rights attached to all of our outstanding
shares, nor any members of the immediate family (including spouse, parents,
children, siblings, and in-laws) of any of the foregoing persons has any
material interest, direct or indirect, in any transaction over the last two
years or in any presently proposed transaction which, in either case, has or
will materially affect us.





As of the
date of this annual report, our common stock is traded on the OTC Bulletin Board
(the “Bulletin Board”).  The Bulletin Board does not impose on us
standards relating to director independence or the makeup of committees with
independent directors, or provide definitions of independence.





Item14.   Principal Accounting Fees and
Services





Below is
the table of Audit Fees (amounts in US$) billed by our auditor in connection
with the audit of the Company’s annual financial statements for the years
ended:





Financial
      Statements for the
              Year
      Ended May 31
            Audit
      Services
            Audit
      Related Fees
            Tax
      Fees
            Other
      Fees2008
            $4,250
            $3,500
            $0
            $02007
            $7,000
            $1,313
            $0
            $0


26
 Table of Contents


PART IV





Item15.   Exhibits, Financial Statements
Schedules





Index to
Financial Statements Required by Article 8 of Regulation S-X:





Audited
      Financial Statements:F-1
            Report of Independent Registered Public Accounting
      FirmF-2
            Consolidated Balance Sheets as of May 31, 2008 and
      2007F-3
            Statements of Operations for year ended May 31, 2008, from
      inception (January 30, 2007) through May 31, 2007 and from inception
      (January 30, 2007) through May 31, 2008F-4
            Statement of Stockholders’ Equity for period from inception
      (January 30, 2007) to May 31, 2008F-5
            Statements of Cash Flows for year ended May 31, 2008, from
      inception (January 30, 2007) through May 31, 2007 and from inception
      (January 30, 2007) through May 31, 2008F-6
            Notes to Financial
Statements




Exhibit
      Number
            Description3.1
            Articles
      of Incorporation, as amended (1)3.2
            Bylaws,
      as amended (1)23.1
            Consent from Moore &
  Associates31.1
            Certification
      of Chief Executive Officer pursuant to Securities Exchange Act Rule
      13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
            Certification
      of Chief Financial Officer pursuant to Securities Exchange Act Rule
      13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002





(1)
            Incorporated
      by reference to the Registration Statement on Form SB-2 filed with the
      Securities and Exchange Commission on September 7,
  2007.


27
 Table of Contents




SIGNATURES





In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.




BOLD VIEW RESOURCES,
      INC.By:
            /s/
      Richard HowieRichard
    HowiePresident,
      Chief Executive Officer, Chief Financial Officer, Principal Accounting
      Officer and Director
              August
      18, 2008




In
accordance with Section 13 or 15(d) of the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated:





By:
            By:/s/
      Marilyn Zimmerman
              Marilyn
      Zimmerman
              Secretary,
      Treasurer and Director
              August
      18, 2008
            /s/
      Richard Howie
              Richard
      Howie
              President,
      Chief Executive Officer, Chief Financial Officer, Principal Accounting
      Officer and Director
              August
      18, 2008




28
 Table of Contents




MOORE
& ASSOCIATES, CHARTERED


ACCOUNTANTS AND
ADVISORS


PCAOB REGISTERED








REPORTOF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM








To
the Board of Directors


Bold
View Resources, Inc.


(An
Exploration Stage Company)





We have
audited the accompanying balance sheets of Bold View Resources, Inc. (An
Exploration Stage Company) as of May 31, 2008 and 2007, and the related
statements of operations, stockholders’ equity and cash flows for the years
ended May 31, 2008, from inception on January 30, 2007 through May 31, 2007 and
from inception on January 30, 2007 through May 31, 2008. These financial
statements are the responsibility of the Company’s management.  Our
responsibility is to express an opinion on these financial statements based on
our audits.





We
conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement.  An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation.  We believe that our audits provide a reasonable basis
for our opinion.





In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Bold View Resources, Inc. (An
Exploration Stage Company) as of May 31, 2008 and 2007, and the related
statements of operations, stockholders’ equity and cash flows for the years
ended May 31, 2008, from inception on January 30, 2007 through May 31, 2007 and
from inception on January 30, 2007 through May 31, 2008, in conformity with
accounting principles generally accepted in the United States of
America.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 4 to the
financial statements, the Company has not yet established an ongoing source of
revenues, which raises substantial doubt about its ability to continue as a
going concern.  Management’s plans concerning these matters are also
described in Note 4.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.








/s/
Moore & Associates, Chartered





Moore
& Associates Chartered


Las
Vegas, Nevada


July 7,
2008





2675 S. Jones Blvd. Suite
109, Las Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501


F-1
 Table of Contents


BOLDVIEW RESOURCES, INC.


(An
Exploration Stage Company)


Balance
Sheets


ASSETSMay
      31,2008
            
            May
      31,2007CURRENT
      ASSETSCash
            $
            705
            
            $
            37,693Total
      Current Assets
            
            705
            
            
            37,693TOTAL
      ASSETS
            $
            705
            
            $
            37,693LIABILITIES AND
      STOCKHOLDERS' EQUITY (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable
            $
            4,813
            
            $
            7,424Total
      Current Liabilities
            
            4,813
            
            
            7,424STOCKHOLDERS'
      EQUITY (DEFICIT)Common
      stock; 50,000,000 shares authorized, at $0.001 par value,
              2,230,000
      shares issued and outstanding
            
            2,230
            
            
            2,230Additional
      paid-in capital
            
            35,770
            
            
            35,770Deficit
      accumulated during the exploration stage
            
            (42,108)
            
            
            (7,731)Total
      Stockholders' Equity (Deficit)
            
            (4,108)
            
            
            30,269TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFCIT)
            $
            705
            
            $
            37,693


The
accompanying notes are an integral part of these financial
statements.


F-2
 Table of Contents


BOLDVIEW RESOURCES, INC.


(An
Exploration Stage Company)
 Statements
of Operations
  For
      the Year Ended
                  May 31, 2008
              
              From
      Inception
                    on January 30,
                    2007 Through
                    May 31, 2007
              
              From
      Inception
                on
      January 30,
                2007 Through
                May 31,
  2008REVENUES
              $
              -
              
              $
              -
              
              $
              -OPERATING
      EXPENSESMining
      exploration
              
              9,440
              
              
              -
              
              
              9,440General
      and administrative
              
              24,937
              
              
              7,731
              
              
              32,668Total
      Expenses
              
              34,377
              
              
              7,731
              
              
              42,108LOSS
      FROM OPERATIONS
              
              (34,377)
              
              
              (7,731)
              
              
              (42,108)INCOME
      TAX EXPENSE
              
              -
              
              
              -
              
              
              -NET
      LOSS
              $
              (34,377)
              
              $
              (7,731)
              
              $
              (42,108)BASIC
      LOSS PER SHARE
              $
              (0.02)
              
              $
              (0.00)WEIGHTED
      AVERAGE NUMBEROF SHARES OUTSTANDING
              
              2,230,000
              
              
              2,230,000
  The
accompanying notes are an integral part of these financial
statements.
 F-3
 Table of Contents
 BOLDVIEW RESOURCES, INC.
 (An
Exploration Stage Company)
 Statements
of Stockholders' Equity (Deficit)
  Common
      Stock
              
              Additional
                  Paid-in
              
              Deficit
                      Accumulated
                      During the
                      Exploration
              
              Total
                    Stockholders'
                    EquityShares
              
              Amount
              
              Capital
              
              Stage
              
              (Deficit)Balance
      at inception onJanuary 30, 2007
              
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -Issuance
      of Common Stock in March 2007 for cash at $0.001 per
      share
              
              1,500,000
              
              
              1,500
              
              
              -
              
              
              -
              
              
              1,500Issuance
      of Common Stock in March 2007 for cash at $0.05 per
      share
              
              340,000
              
              
              340
              
              
              16,660
              
              
              -
              
              
              17,000Issuance
      of Common Stock in April 2007 for cash at $0.05 per
      share
              
              390,000
              
              
              390
              
              
              19,110
              
              
              -
              
              
              19,500Net
      loss since inception through May 31, 2007
              
              -
              
              
              -
              
              
              -
              
              
              (7,731)
              
              
              (7,731)Balance,
      May 31, 2007
              
              2,230,000
              
              
              2,230
              
              
              35,770
              
              
              (7,731)
              
              
              30,269Net
      loss for the year ended May 31, 2008
              
              -
              
              
              -
              
              
              -
              
              
              (34,377)
              
              
              (34,377)Balance,
      May 31, 2008
              
              2,230,000
              
              $
              2,230
              
              $
              35,770
              
              $
              (42,108)
              
              $
              (4,108)




The
accompanying notes are an integral part of these financial
statements.
 F-4
 Table of Contents
 BOLDVIEW RESOURCES, INC.
 (An Exploration Stage Company) Statements
of Cash Flows
 For
      the Year
                  Ended
                  May 31, 2008
                
                From
      Inception
                          on January 30,
                          2007 Through
                          May 31,
    2007
                
                From
      Inception
                          on January 30,
                          2007 Through
                          May 31,
    2008CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                $
                (34,377)
                
                $
                (7,731)
                
                $
                (42,108)Adjustments
      to reconcile net income to
      net cash provided by operations:Common
      stock issued for services
                
                -
                
                
                -
                
                
                -Changes
      in operating assets and liabilities:Accounts
      Payable
                
                (2,611)
                
                
                7,424
                
                
                4,813Net
      Cash Used by Operating Activities
                
                (36,988)
                
                
                (307)
                
                
                (37,295)CASH
      FLOWS FROM INVESTING ACTIVITIES
                
                -
                
                
                -
                
                
                -CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from issuance of common stock
                
                -
                
                
                38,000
                
                
                38,000Net
      Cash Used byFinancing Activities
                
                -
                
                
                38,000
                
                
                38,000NET
      DECREASE IN CASH
                
                (36,988)
                
                
                37,693
                
                
                705CASH
      AT BEGINNING OF PERIOD
                
                37,693
                
                
                -
                
                
                -CASH
      AT END OF PERIOD
                $
                705
                
                $
                37,693
                
                $
                705SUPPLIMENTAL
      DISCLOSURES OF CASH
      FLOW INFORMATIONCASH
      PAID FOR:Interest
                $
                -
                
                $
                -
                
                $
                -Income
      Taxes
                $
                -
                
                $
                -
                
                $
                -
  The
accompanying notes are an integral part of these financial
statements.
 F-5
 Table of Contents


BOLDVIEW RESOURCES, INC.
 (AN
EXPLORATION STAGE COMPANY)
 NOTES TO
FINANCIAL STATEMENTS
 1.  DESCRIPTION OF BUSINESS,
HISTORY AND SUMMARY OF SIGNIFICANT POLICIES


Description of
business – Bold View Resources, Inc. (hereinafter referred to as the
“Company”) located in Las Vegas, Nevada was incorporated in Nevada on January
30, 2007 The Company is in the mineral exploration and development
business.  The Company has not commenced significant
operations.
 
 History– The Company
was incorporated under the laws of the State of Nevada on January 30,
2007.
 
 Development Stage
Company – The accompanying financial statements have been prepared in
accordance with the Statement of Financial Accounting Standards No. 7
“Accounting and Reporting by Development-Stage Enterprises”.  A
development-stage enterprise is one in which planned principal operations have
not commenced or if its operations have commenced; there has been no significant
revenue there from.  The Company has not commenced its planned
principal operations and therefore is considered a Development Stage
Company.
 
 Year-end – The
Company’s year-end is May 31.
 
 Use of estimates -
The preparation of consolidated financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during the reporting
period.  Actual results could differ from those
estimates.
 
 Revenue and expense
recognition – Revenues are recognized when received.  Costs and
expenses are recognized during the period in which they are
incurred
 
 Income taxes – The
Company accounts for its income taxes in accordance with Statement of Financial
Accounting Standards No. 109, which requires recognition of deferred tax assets
and liabilities for future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and tax credit carry-forwards.  Deferred
tax assets and liabilities are measured using enacted tax rates expected to
apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled.  The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in operations in
the period that includes the enactment date.
 
 Cash and Cash Equivalents-For the purpose of the statements of cash flows, the Company considers
all highly liquid investments purchased with a maturity of three months or less
to be a cash equivalent.
 
 Advertising -The
Company follows the policy of charging the costs of advertising to expense as
incurred. The Company has incurred no advertising costs as of May 31,
2008.
 
 F-6
 Table of Contents
 BOLD VIEW
RESOURCES, INC.
 (AN
EXPLORATION STAGE COMPANY)
 NOTES TO
FINANCIAL STATEMENTS
 
 1.  DESCRIPTION OF BUSINESS,
HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
 
 Mineral Property Payments
and Exploration Costs- The Company expenses all costs related to the
acquisition, maintenance and exploration of mineral claims in which it has
secured exploration rights prior to the establishment of proven and probable
reserves.  To date, the Company has not established the commercial
feasibility of its exploration prospects; therefore, all costs are to be
expensed.
 
 Basic Loss Per Share
The computation of basic loss per share of common stock is based on the weighted
average number of shares outstanding during the period. The Company has no
common stock equivalents outstanding as of May 31, 2008.
 
 For
      theYear
      Ended
                May
      31, 2008
              
              For
      thePeriod
      Ended
                May
      31, 2007Loss
      (numerator)
              $
              (34,377)
              
              $
              (7,731)Shares
      (denominator)
              
              2,230,000
              
              
              2,230,000Per
      share amount
              $
              (0.02)
              
              $
              (0.00)
  2.
              CAPITAL STOCK
      TRANSACTIONS
 
 Common Stock – The
authorized common stock is 50,000,000 shares with a par value of $0.001 per
share.  As of April 30, 2007, The Company had 2,230,000 shares of
common stock issued and outstanding.
 
 In
February 2007, the Company issued 1,500,000 shares of its common stock to its
directors in exchange for $1,500 in cash.
 
 In March
2007, the Company issued 730,000 shares of its common stock to thirty-nine
individuals in exchange for $36,500 in cash.
 
 3.
              THE EFFECT OF RECENTLY
      ISSUED ACCOUNTING STANDARDS
 
 In
December 2007, the Financial Accounting Standards Board, or FASB, issued SFAS
No. 161, Disclosures about
Derivative Instruments and Hedging Activities—an amendment of FASB Statement No.
133.This standard requires companies to provide enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under
Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity’s financial position,
financial performance, and cash flows. This Statement is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008, with early application encouraged. The Company has not yet adopted the
provisions of SFAS No. 160, but does not expect it to have a material impact on
its consolidated financial position, results of operations or cash
flows.
 
 In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an
  F-7
 Table of Contents
 BOLD VIEW
RESOURCES, INC.
 (AN
EXPLORATION STAGE COMPANY)
 NOTES TO
FINANCIAL STATEMENTS
 3.THE EFFECT OF RECENTLY
ISSUED ACCOUNTING STANDARDS (CONTINUED)
 
 estimate
of expected term of "plain vanilla" share options in accordance with SFAS No.
123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it
will accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined estimates of
expected term. At the time SAB 107 was issued, the staff believed that more
detailed external information about employee exercise behavior (e.g., employee
exercise patterns by industry and/or other categories of companies) would, over
time, become readily available to companies. Therefore, the staff stated in SAB
107 that it would not expect a company to use the simplified method for share
option grants after December 31, 2007. The staff understands that such detailed
information about employee exercise behavior may not be widely available by
December 31, 2007. Accordingly, the staff will continue to accept, under certain
circumstances, the use of the simplified method beyond December 31, 2007. The
Company currently uses the simplified method for “plain vanilla” share options
and warrants, and will assess the impact of SAB 110 for fiscal year 2009. It is
not believed that this will have an impact on the Company’s consolidated
financial position, results of operations or cash flows.
 
 In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements—an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and
reporting standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in
a subsidiary is an ownership interest in the consolidated entity that should be
reported as equity in the consolidated financial statements. Before this
statement was issued, limited guidance existed for reporting noncontrolling
interests. As a result, considerable diversity in practice existed. So-called
minority interests were reported in the consolidated statement of financial
position as liabilities or in the mezzanine section between liabilities and
equity. This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods within those
fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009,
for entities with calendar year-ends). Earlier adoption is prohibited. The
effective date of this statement is the same as that of the related Statement
141 (revised 2007). The Company will adopt this Statement beginning March 1,
2009. It is not believed that this will have an impact on the Company’s
consolidated financial position, results of operations or cash
flows.
 
 In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business Combinations.’This
Statement replaces FASB Statement No. 141, Business Combinations, but
retains the fundamental requirements in Statement 141.  This
Statement establishes principles and requirements for how the acquirer: (a)
recognizes and measures in its financial statements the identifiable assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree; (b) recognizes and measures the goodwill acquired in the business
combination or a gain from a bargain purchase; and (c) determines what
information to disclose to enable users of the financial statements to evaluate
the nature and financial effects of the business combination. This statement
applies prospectively to business combinations for which the acquisition date is
on or after the beginning of the first annual reporting period beginning on or
after December 15, 2008. An entity may not apply it before that date. The
effective date of this statement is the same as that of the related FASB
Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this
will
 
 F-8
 Table of Contents
 BOLD VIEW
RESOURCES, INC.
 (AN
EXPLORATION STAGE COMPANY)
 NOTES TO
FINANCIAL STATEMENTS
 
 3.THE EFFECT OF RECENTLY
ISSUED ACCOUNTING STANDARDS (CONTINUED)
 
 have an
impact on the Company’s consolidated financial position, results of operations
or cash flows.
 
 In
February 2007, the FASB, issued SFAS No. 159,The Fair Value Option for Financial
Assets and Liabilities—Including an Amendment of FASB Statement No.
115.  This standard permits an entity to choose to measure many
financial instruments and certain other items at fair value. This option is
available to all entities. Most of the provisions in FAS 159 are elective;
however, an amendment to FAS 115 Accounting for Certain Investments
in Debt and Equity Securities applies to all entities with available for
sale or trading securities. Some requirements apply differently to entities that
do not report net income. SFAS No. 159 is effective as of the beginning of an
entities first fiscal year that begins after November 15, 2007. Early adoption
is permitted as of the beginning of the previous fiscal year provided that the
entity makes that choice in the first 120 days of that fiscal year and also
elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company will adopt SFAS No. 159 beginning
March 1, 2008 and is currently evaluating the potential impact the adoption of
this pronouncement will have on its consolidated financial
statements.
 
 In
September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting principles
(GAAP), and expands disclosures about fair value measurements. This statement
applies under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting
pronouncements that fair value is the relevant measurement attribute.
Accordingly, this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will change
current practice. This statement is effective for financial statements issued
for fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. Earlier application is encouraged, provided that the
reporting entity has not yet issued financial statements for that fiscal year,
including financial statements for an interim period within that fiscal year.
The Company will adopt this statement March 1, 2008, and it is not believed that
this will have an impact on the Company’s consolidated financial position,
results of operations or cash flows.
 
 4.
              GOING
      CONCERN
 
 The
      Company's financial statements are prepared using generally accepted
      accounting principles in the United States of America applicable to a
      going concern, which contemplates the realization of assets and
      liquidation of liabilities in the normal course of
      business.  The Company has not yet established an ongoing source
      of revenues sufficient to cover its operating costs and allow it to
      continue as a going concern.  The ability of the Company to
      continue as a going concern is dependent on the Company obtaining adequate
      capital to fund operating losses until it becomes
      profitable.  If the Company is unable to obtain adequate
      capital, it could be forced to cease
operations.
 
 In order
to continue as a going concern, the Company will need, among other things,
additional capital resources.  Management's plans to obtain such
resources for the
  F-9
 Table of Contents
 BOLD VIEW
RESOURCES, INC.
 (AN
EXPLORATION STAGE COMPANY)
 NOTES TO
FINANCIAL STATEMENTS
 4.
              GOING CONCERN
      (CONTINUED)
 
 Company
include (1) obtaining capital from management and significant shareholders
sufficient to meet its minimal operating expenses, and (2) seeking out and
completing a merger with an existing operating company.  However,
management cannot provide any assurances that the Company will be successful in
accomplishing any of its plans.
 
 The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations.  The accompanying financial statements do not include any
adjustments that might be necessary if the Company is unable to continue as a
going concern.
 
 5.
              INCOME
      TAXES
 
 Net deferred tax assets consist of the
following components as of May 31, 2008 and 2007:
  For
      theYear
      Ended
                May
      31, 2008
              
              For
      thePeriod
      Ended
                May
      31, 2007Deferred
      tax assetsNOL
      Carryover
              $
              16,422)
              
              $
              3,015Valuation
      allowance
              
              (16,422)
              
              
              (3,015)Net
      deferred tax assets
              $
              -
              
              $
              -
 
 The
income tax provision differs from the amount of income tax determined by
applying the U.S. federal and state income tax rates of 39% to pretax income
from continuing operations for the period ended December 31, 2007.
 
 For
      theYear
      Ended
                May
      31, 2008
              
              For
      thePeriod
      Ended
                May
      31, 2007Book
      income
              $
              (13,407)
              
              $
              (3,015)Valuation
      allowance
              
              13,407)
              
              
              3,105$
              -
              
              $
              -
 
 At May
31, 2008, the Company had net operating loss carry forwards of approximately
$42,108 that may be offset against future taxable income through
2028.  No tax benefit has been reported in the May 31, 2008, financial
statements since the potential tax benefit is offset by a valuation allowance of
the same amount.
 
 Due to
the change in ownership provisions of the Tax Reform Act of 1986, net operating
carryforwards for Federal Income tax reporting purposes are subject to annual
limitations.  Should a change in ownership occur, net operating loss
carryforwards may be limited as to use in future years.
  F-10