United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form 10-QSB

              |X| QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2005

             |_| TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                  EXCHANGE ACT

        For the transition period from ______________ to ________________

                         Commission File Number: 0-26760


                         XERION ECOSOLUTIONS GROUP INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


           Colorado                                        84-1286065
-------------------------------                -------------------------------
(State or other jurisdiction of                (I.R.S. Employer Identification
incorporation or organization)


                        Suites A-C 20/F Neich Tower, 128
                       Gloucester Road, WanChai, Hong Kong
                         The People's Republic of China
               ---------------------------------------------------
                    (Address of principal executive offices)


                                 (626) 457-5958
                -------------------------------------------------
                (Issuer's telephone number, including area code)


                                       N/A
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.

                                 Yes |_| No |_|
<PAGE>

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 227,321,840 shares of common stock as
of November 15, 2005.

    Transitional Small Business Disclosure Format (check one): Yes |_| No |X|

<PAGE>

                         XERION ECOSOLUTIONS GROUP, INC.
                                      INDEX

PART I.  FINANCIAL INFORMATION

<TABLE>
<CAPTION>
<S>                                                                                     <C>
Item 1.  Financial Statements:

           Condensed Balance Sheet as of September 30, 2005 (unaudited).................. 2

           Condensed Statements of Operations for the three months and nine
           months ended September 30, 2005 and 2004 (unaudited).......................... 3

           Condensed Statements of Cash Flows for nine months ended
           September 30, 2005 and 2004 (unaudited)....................................... 4

           Notes to Condensed Financial Statements....................................... 5

Item 2.  Management's Discussion and Analysis or Plan of Operations...................... 7

Item 3.  Controls and Procedures.........................................................10

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings...............................................................10

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.....................10

Item 3.  Defaults upon Senior Securities.................................................10

Item 4.  Submission of Matters to a Vote of Security Holders.............................10

Item 5.  Other Information...............................................................10

Item 6.  Exhibits and Reports on Form 8-K................................................10

                  Signatures.............................................................10
</TABLE>

<PAGE>

PART 1 - FINANCIAL INFORMATION

Item 1 - Financial Statements

                         Xerion EcoSolutions Group Inc.
                          (A Development Stage Company)

                             Condensed Balance Sheet
                           (expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                 As at
                                                                               Sept 30,
                                                                                 2005
                                                                             ------------
                                                                              (unaudited)
<S>                                                                          <C>
ASSETS

Current Assets

Cash                                                                         $      2,161
                                                                             ------------

Total Current Assets                                                                2,161

Property and Equipment (Note 3)                                                     2,563
                                                                             ------------

Total Assets                                                                        4,724
                                                                             ============

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities

Accounts payable                                                                   37,466
Accrued liabilities                                                                 1,500
Due to related party (Note 4)                                                     163,359
                                                                             ------------

Total Liabilities                                                                 202,325
                                                                             ------------

Stockholders' (Deficit)

Preferred stock, 50,000,000 shares authorized, no par value;
none issued                                                                            --

Common Stock, 300,000,000 shares authorized, $0.001 par value
2,841,523 shares issued and outstanding                                             2,842

Additional Paid-in Capital                                                     10,014,413

Donated Capital                                                                   126,000

Deficit Accumulated During the Development Stage                             $(10,340,856)
                                                                             ------------

Total Stockholders' (Deficit)                                                $   (197,601)
                                                                             ------------

Total Liabilities and Stockholders' (Deficit)                                $      4,724
                                                                             ============
</TABLE>

    The accompanying notes are an integral part of the financial statements


                                       2
<PAGE>

                         Xerion EcoSolutions Group Inc.
                          (A Development Stage Company)

                       Condensed Statements of Operations
                           (expressed in U.S. Dollars)

                                   (unaudited)

<TABLE>
<CAPTION>
                                                  Accumulated from
                                                  November 1, 1985             For the                          For the
                                                (Date of Inception)      Three Months Ended                Nine Months Ended
                                                    to Sept 30,              September 30,                    September 30,
                                                       2005             2005             2004             2005             2004
                                                   ------------     ------------     ------------     ------------     ------------
<S>                                                <C>              <C>              <C>              <C>              <C>
Revenue                                                      --               --               --               --               --
                                                   ------------     ------------     ------------     ------------     ------------

Expenses

  Depreciation                                     $     11,625     $        805     $        829     $      2,273     $      2,447
  General and administrative (1)                      3,039,054           18,040           22,309           55,004           78,546
  Impairment loss on intangible asset                    20,000               --               --               --               --
  Loss on disposal of property and equipment              7,866               --               --               --               --
  Mining exploration                                     54,379               --               --               --               --
  Stock-based compensation                            1,955,651               --               --               --               --
                                                   ------------     ------------     ------------     ------------     ------------

Total Expenses                                        5,088,575           18,845           23,138           55,277           80,993
                                                   ------------     ------------     ------------     ------------     ------------

Loss from Continuing Operations                      (5,088,575)         (18,845)         (23,138)         (57,277)         (80,993)

Loss from Discontinued Operations                    (5,252,281)              --               --               --               --
                                                   ------------     ------------     ------------     ------------     ------------

Net (Loss)                                         $(10,340,856)    $    (18,845)    $    (23,138)    $    (57,277)    $    (80,993)
                                                   ============     ============     ============     ============     ============

Net (Loss) Per Share - Basic and Diluted                     --     $      (0.01)    $      (0.01)    $      (0.02)    $      (0.03)
                                                   ============     ============     ============     ============     ============

Weighted Average Shares Outstanding                          --        2,841,523        2,841,523        2,841,523        2,841,523
                                                   ============     ============     ============     ============     ============

(1) Stock-based compensation is excluded from:
         General and administrative                   1,955,651               --               --               --               --
                                                   ============     ============     ============     ============     ============
</TABLE>

    The accompanying notes are an integral part of the financial statements


                                       3
<PAGE>

                         Xerion EcoSolutions Group Inc.
                          (A Development Stage Company)

                       Condensed Statements of Cash Flows
                           (expressed in U.S. Dollars)

                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                        For the Nine Months
                                                                                              Ended
                                                                                           September 30,
                                                                                      2005              2004
                                                                                  ------------      ------------
<S>                                                                               <C>               <C>
Cash Flows to Operating Activities

  Net loss                                                                        $    (57,275)     $    (80,973)

  Adjustments to reconcile net loss to net cash used in operating activities:

    Depreciation                                                                         2,273             2,447
    Loss on disposal of property and equipment                                              --             7,866

  Changes in operating assets and liabilities:
    Prepaid expenses                                                                        --             2,636
    Accounts payable and accrued liabilities                                            41,471            28,266
                                                                                  ------------      ------------

Net Cash Used in Operating Activities                                                  (13,531)          (39,758)
                                                                                  ------------      ------------

Cash Flows from Investing Activities

  Sale of mining claims                                                                     --             9,000
                                                                                  ------------      ------------

Net Cash Provided By Investing Activities                                                   --             9,000
                                                                                  ------------      ------------

Cash Flows from (to) Financing Activities

  Advances from a related party                                                         13,359                --
  Repayments to a related party                                                             --            (1,015)
                                                                                  ------------      ------------

Net Cash Provided By (Used in) Financing Activities                                     13,359            (1,015)
                                                                                  ------------      ------------

Increase (Decrease) in Cash                                                               (172)          (31,772)

Cash - Beginning of Period                                                        $      2,333      $     33,685
                                                                                  ------------      ------------

Cash - End of Period                                                              $      2,161      $      1,913
                                                                                  ============      ============

Non-cash Financing and Investing Activities                                                 --                --
                                                                                  ============      ============

Supplemental Disclosures

  Interest paid                                                                             --                --
  Income tax paid                                                                           --                --
                                                                                  ============      ============
</TABLE>

    The accompanying notes are an integral part of the financial statements


                                       4
<PAGE>

                         Xerion EcoSolutions Group Inc.
                          (A Development Stage Company)

                   Notes to the Condensed Financial Statements
                           (expressed in U.S. Dollars)

                                   (unaudited)

1.    Nature of Operations and Continuance of Business

Xerion  EcoSolutions  Group Inc. (the "Company") was incorporated on November 1,
1985  under  the laws of the  State  of  Colorado.  The  shares  of the  Company
currently  trade  on  the  Electronic  Bulletin  Board  over-the-counter  market
(OTC-BB) under the symbol "XECO".

The Company is a development  stage company as defined by Statement of Financial
Accountings  Standards  ("SFAS") No. 7 "Accounting  and Reporting by Development
Stage Enterprises".  In a development stage company,  management devotes most of
its  activities in  developing a market for its products  and/or  services.  The
Company is presently in its developmental  stage and currently has no sources of
revenue to provide  incoming  cash flows to  sustain  future  operations.  As at
September  30,  2005,  the  Company  has a working  capital  deficit of $200,164
(December 31, 2004 - $145,162)  and has an  accumulated  deficit of  $10,340,856
since its inception.  The ability of the Company to emerge from the  development
stage with respect to any planned principal  business activity is dependent upon
its successful  efforts to raise  additional  equity financing and then generate
significant  revenue.  There is no  guarantee  that the Company  will be able to
complete any of the above  objectives.  These  factors raise  substantial  doubt
regarding the Company's ability to continue as a going concern.

2.    Summary of Significant Accounting Policies

      a)    Basis of Accounting and Year End

            These   financial   statements  are  prepared  in  conformity   with
            accounting  principles  generally  accepted in the United States and
            are  presented in U.S.  dollars.  The  Company's  fiscal year end is
            December 31.

      b)    Use of Estimates

            The   preparation  of  financial   statements  in  conformity   with
            accounting  principles  generally  accepted  in  the  United  States
            requires  management to make estimates and  assumptions  that affect
            the reported  amounts of assets and  liabilities  and  disclosure of
            contingent  assets  and  liabilities  at the  date of the  financial
            statements and the reported  amounts of revenues and expenses during
            the periods.  Actual results could differ from those  estimates.

      c)    Cash and Cash Equivalents

            The Company considers all highly liquid instruments with maturity of
            three months or less at the time of issuance to be cash equivalents.

      d)    Property and Equipment

            Property and equipment  consists of computer  equipment  recorded at
            cost and  depreciated  on a  straight-line  basis over the estimated
            useful life of three years.

      e)    Long-lived Assets

            In accordance  with Financial  Accounting  Standards  Board ("FASB")
            SFAS  No.  144,  "Accounting  for  the  Impairment  or  Disposal  of
            Long-Lived  Assets",  the carrying  value of  intangible  assets and
            other  long-lived  assets is  reviewed  on a  regular  basis for the
            existence of facts or circumstances that may suggest impairment. The
            Company  recognizes  an  impairment  when  the  sum of the  expected
            undiscounted  future cash flows is less than the carrying  amount of
            the asset.  Impairment losses, if any, are measured as the excess of
            the carrying amount of the asset over its estimated fair value.


                                       5
<PAGE>

      f)    Financial Instruments

            The carrying value of cash, accounts payable and accrued liabilities
            and amounts due to related party  approximate  fair value due to the
            immediate or short-term maturity of these financial instruments.

      g)    Mineral Property Costs

            The Company has been  engaged in the  acquisition,  exploration  and
            development of mining properties.  Mineral property  acquisition and
            exploration  costs  are  expensed  as  incurred.  When  it has  been
            determined that a mineral property can be economically  developed as
            a result of  establishing  proven and probable  reserves,  the costs
            incurred to develop such property, are capitalized.  Such costs will
            be amortized using the units-of-production method over the estimated
            life of the probable reserve.

      h)    Income Taxes

            Potential  benefits of income tax losses are not  recognized  in the
            accounts until  realization is more likely than not. The Company has
            adopted  SFAS No.  109,  "Accounting  for Income  Taxes",  as of its
            inception.  Pursuant  to SFAS No.  109 the  Company is  required  to
            compute tax asset benefits for net operating losses carried forward.
            The  potential  benefits  of net  operating  losses  have  not  been
            recognized in these financial  statements because the Company cannot
            be assured  that it is more likely than not it will  utilize the net
            operating losses carried forward in future years.

      i)    Foreign Currency Transactions

            The Company's functional and reporting currency is the United States
            dollar.  Occasional  transactions  occur in Canadian  currency,  and
            management has adopted SFAS No. 52, "Foreign Currency  Translation".
            Monetary  assets and liabilities  denominated in foreign  currencies
            are  translated  into United States  dollars at rates of exchange in
            effect at the balance sheet date.  Non-monetary assets,  liabilities
            and items recorded in income arising from  transactions  denominated
            in foreign  currencies are translated at rates of exchange in effect
            at the date of the transaction.

      j)    Stock-based Compensation

            The  Company has adopted  SFAS No. 123  "Accounting  for Stock Based
            Compensation"  which requires that stock awards granted to employees
            and  non-employees  are recognized as compensation  expense based on
            the fair market value of the stock award or fair market value of the
            goods and services received whichever is more reliably measurable.

      k)    Basic and Diluted Net Income (Loss) per Share

            The Company  computes net income (loss) per share in accordance with
            SFAS No. 128,  "Earnings  per Share"  (SFAS 128).  SFAS 128 requires
            presentation  of both basic and diluted  earnings per share (EPS) on
            the face of the income statement.  Basic EPS is computed by dividing
            net income (loss)  available to common  shareholders  (numerator) by
            the   weighted   average   number  of  common   shares   outstanding
            (denominator)  during the period.  Diluted  EPS gives  effect to all
            dilutive  potential  common  shares  outstanding  during  the period
            including  stock  options,  using the  treasury  stock  method,  and
            convertible  preferred  stock,  using the  if-converted  method.  In
            computing  diluted  EPS,  the average  stock price for the period is
            used in  determining  the number of shares  assumed to be  purchased
            from the exercise of stock options or warrants. Diluted EPS excludes
            all dilutive potential shares if their effect is anti-dilutive. Loss
            per share  information  does not include the effect of any potential
            common shares, as their effect would be anti-dilutive.

      l)    Comprehensive Loss

            SFAS  No.  130,  "Reporting   Comprehensive   Income,"   establishes
            standards for the reporting  and display of  comprehensive  loss and
            its components in the financial statements. As at September 30, 2005
            and 2004, the Company has no items that represent comprehensive loss
            and, therefore, has not included a schedule of comprehensive loss in
            the financial statements.

      m)    Recent Accounting Pronouncements

            In December 2004, the FASB issued SFAS No. 123 (Revised 2004) ("SFAS
            No. 123R"),  "Share-Based  Payment." SFAS No. 123R requires that the
            compensation  cost relating to share-based  payment  transactions be
            recognized in financial statements. That cost will be measured based
            on the fair value of the  equity or  liability  instruments  issued.
            SFAS No. 123R  represents the  culmination  of a two-year  effort to
            respond to  requests  from  investors  and many others that the FASB
            improve the accounting for  share-based  payment  arrangements  with
            employees.  The  scope of SFAS No.  123R  includes  a wide  range of
            share-based  compensation   arrangements  including  share  options,
            restricted share plans, performance-based awards, share appreciation
            rights,  and employee share purchase  plans.  SFAS No. 123R replaces
            SFAS  No.  123,  "Accounting  for  Stock-Based  Compensation",   and
            supersedes  APB  Opinion  No. 25,  "Accounting  for Stock  Issued to
            Employees".  SFAS No. 123, as originally issued in 1995, established
            as  preferable  a   fair-value-based   method  of   accounting   for
            share-based  payment  transactions  with  employees.  However,  that
            statement  permitted  entities the option of continuing to apply the
            guidance  in APB  Opinion  No. 25, as long as the  footnotes  to the
            financial  statements  disclosed what net income would have been had
            the  preferable  fair-value-based  method been used.  Although those
            disclosures   helped  to  mitigate  the  problems   associated  with
            accounting  under APB Opinion No. 25, many investors and other users
            of  financial  statements  believed  that  the  failure  to  include
            employee  compensation  costs in the income  statement  impaired the
            transparency,    comparability,   and   credibility   of   financial
            statements. Public entities that file as small business issuers will
            be required to apply  Statement  123R in the first interim or annual
            reporting  period that begins after  December 15, 2005. The adoption
            of this  standard is not  expected to have a material  impact on the
            Company's results of operations or financial position.


                                       6
<PAGE>

            In  December  2004,  the FASB issued  SFAS No.  153,  "Exchanges  of
            Nonmonetary  Assets - An Amendment of APB Opinion No. 29".  SFAS No.
            153 is the  result  of a  broader  effort  by the  FASB  to  improve
            financial  reporting by eliminating  differences between GAAP in the
            United  States and GAAP  developed by the  International  Accounting
            Standards  Board  (IASB).  As part of this effort,  the FASB and the
            IASB  identified  opportunities  to improve  financial  reporting by
            eliminating   certain  narrow  differences  between  their  existing
            accounting  standards.  SFAS No.  153  amends  APB  Opinion  No. 29,
            "Accounting for Nonmonetary Transactions",  that was issued in 1973.
            The amendments  made by SFAS No. 153 are based on the principle that
            exchanges of nonmonetary assets should be measured based on the fair
            value of the assets exchanged. Further, the amendments eliminate the
            narrow  exception for  nonmonetary  exchanges of similar  productive
            assets and  replace it with a broader  exception  for  exchanges  of
            nonmonetary   assets  that  do  not  have  "commercial   substance."
            Previously,  APB Opinion No. 29 required that the  accounting for an
            exchange of a productive asset for a similar  productive asset or an
            equivalent  interest in the same or similar  productive asset should
            be based on the  recorded  amount  of the  asset  relinquished.  The
            provisions  in SFAS  No.153  are  effective  for  nonmonetary  asset
            exchanges occurring in fiscal periods beginning after June 15, 2005.
            Early application is permitted and companies must apply the standard
            prospectively.  The  effect  of  adoption  of this  standard  is not
            expected  to have a  material  impact on the  Company's  results  of
            operations and financial position.

            The FASB has also  issued  SFAS No.  151 and 152,  but they will not
            have any relationship to the operations of the Company. Therefore, a
            description and its impact for each on the Company's  operations and
            financial position have not been disclosed.

            In March 2005,  the SEC staff issued Staff  Accounting  Bulletin No.
            107 ("SAB 107") to give guidance on the  implementation  of SFAS No.
            123R. The Company will consider SAB 107 during the implementation of
            SFAS No. 123R.

      n)    Reclassifications

            Certain  reclassifications  have  been  made to the  prior  period's
            financial   statements   to   conform   to  the   current   period's
            presentation.

      o)    Interim Financial Statements

            These interim unaudited  financial  statements have been prepared on
            the same basis as the annual financial statements and in the opinion
            of management,  reflect all  adjustments,  which include only normal
            recurring  adjustments,  necessary to present  fairly the  Company's
            financial  position,  results of  operations  and cash flows for the
            periods  shown.  The results of operations  for such periods are not
            necessarily  indicative  of the results  expected for a full year or
            for any future period.

3.    Property and Equipment

<TABLE>
<CAPTION>
                                                                 June 30,       December 31,
                                                                   2005            2004
                                                                 Net Book         Net Book
                                              Accumulated          Value           Value
                                 Cost         Depreciation      (unaudited)      (audited)
                             ------------     ------------     ------------     ------------
<S>                          <C>              <C>              <C>              <C>
Computer equipment           $      9,207     $      6,645     $      2,563     $      4,836
</TABLE>

4.    Related Party Transactions

      a)    The Company  accrued  $45,000 during the nine months ended September
            30,  2005 (2004 -  $45,000)  to the  President  of the  Company  for
            management services rendered.

      b)    Included in due to related party is a balance of $150,000  (December
            31, 2004 - $120,000) payable to the President of the Company.

      c)    The amount of $13,359  (December 31, 2004 - $0) due to the President
            of the Company for cash  advances and expenses paid on behalf of the
            Company is without interest, unsecured and due on demand.

5.    Subsequent Event

The Company entered into a definitive Stock Exchange Agreement (the "Agreement")
under which Town House Land Limited ("Town  House"),  a real estate  development
company organized in the People's Republic of China; was acquired by the Company
in  consideration   for  the  issuance  of  the  common  stock  of  the  Company
representing a 98.75% ownership  interest in the Company to the former owners of
Town  House and their  designees.  The  Agreement  closed on October  31,  2005.
Reference is made to the Form 8-K and Form 8-K/A current  reports filed with the
U.S. Securities and Exchange Commission during November 2005.


                                       7
<PAGE>

Item 2 - Management's Discussion and Analysis or Plan of Operation

Caution Regarding Forward-Looking Information

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

General Business Overview

Xerion  EcoSolutions  Group Inc. (the "Company") was originally  incorporated in
Colorado  in 1985 as  Gemini  Ventures,  Inc.  The name was  changed  in 1989 to
Solomon Trading Company,  Ltd., in 1994 to the Voyageur First,  Inc., in 1995 to
North  American  Resorts,  Inc., in 2000 to Immulabs Corp.  Effective  March 28,
2003,  as filed with the State of  Colorado,  the  Company  changed  its name to
Xerion EcoSolutions Group Inc.

In  November  2000,   Immulabs   acquired  the  exclusive   rights  to  purchase
technologies  developed  by Quest  Research  Group,  Inc.  ("Quest")  of Boston,
Massachusetts,  and to buy up to 100% of that company.  Quest's biotech research
had resulted in the development of two  technologies of interest to the Company,
which the Company hoped to  commercialize.  With the exclusive rights to acquire
secured,  the  Company had been  performing  its due  diligence  pursuant to its
option  contract with Quest in order to evaluate the  technology and develop its
commercialization  strategy.  The parties entered into a dispute and the Company
contacted  Quest to seek  mediation or arbitration as provided for in the option
agreement.  The Company  subsequently learned that Quest had insufficient assets
to  warrant  litigation  and  decided at this time not to pursue  further  legal
action.

In October 2002, the Company retained Ben Traub as President of the company. Mr.
Traub was to identify new business opportunities on behalf of the Company.

On March 17, 2003 the  Company  purchased  67 mining  claims and certain ore and
waste processing technologies.  In compliance with the purchase agreements,  the
vendors were obligated to deliver  exploration and metallurgical data to support
the  representations  made about the  processing  technologies  and claims.  The
Vendors neglected to deliver this documentation. Subsequent to December 31, 2003
the Company has  canceled  the  purchase  agreements.  The  cancellation  of the
purchase resulted in a reimbursement of 2.5 million shares to the Company, which
substantially reduced the issued and outstanding shares of the Company.

For over a year the  Company  had been  working  with Dr.  David  Dreisinger,  a
specialist consultant in the field of hydrometallurgy.  This work has included a
research  project focused on developing a viable  alternative to cyanide for the
gold mining industry. The Company has discontinued this project.


                                       8
<PAGE>

Results of Operations for the Nine Months Ended September 30, 2005

Revenues. The Company has had no revenues from operations.

The Company  incurred a net loss of $55,277  during the nine month  period ended
September  30, 2005  compared  to $80,993 in the  equivalent  period of 2004,  a
decrease of 31.8%. The losses for both periods primarily consisted of management
fees paid to the  president of the Company of $45,000.  The  remaining  expenses
consisted of legal and professional  fees which had decreased during the current
year.

Results of Operations for the Three Months Ended September 30, 2005

The Company had no revenues from operations.

The Company  incurred a net loss of $18,845  during the three month period ended
September  30, 2005 as compared to $23,138 for an  equivalent  period in 2004, a
decrease of 18.6%. The losses for both periods primarily consisted of management
fees paid to the president of the Company at a rate of $5,000 per month.

Liquidity and Capital  Resources.  The primary  source of the Company's cash has
been  through  the sale of its common  stock.  Our cash  decreased  to $2,161 at
September  30, 2005 from $2,333 at  December  31,  2004.  The  President  of the
Company  advanced  $13,234  to the  Company  during the year which was offset by
general and administrative  expenditures.  As at September 30, 2005, the Company
has a working  capital  deficit of  $200,164 as compared to $145,162 at December
31, 2004.

The Company entered into a definitive Stock Exchange Agreement (the "Agreement")
under which Town House Land Limited  ("Town  House") was acquired by the Company
in  consideration   for  the  issuance  of  the  common  stock  of  the  Company
representing a 98.75% ownership  interest in the Company to the former owners of
Town House and their designees. The Agreement closed on October 31, 2005.

Future  expenses  of  the  Company  are  expected  to be  financed  through  the
operations  of Town House and through  additional  funds raised  through  equity
financings.


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<PAGE>

Item 3 - Controls and Procedures

The Company's Chief Executive Officer and chief financial officer have evaluated
the effectiveness of the Company's  disclosure  controls and procedures (as such
term is defined in Rules 13a-15 and 15d-15 under the Exchange Act of 1934) as of
the end of period  covered by this  quarterly  report (the  "Evaluation  Date").
Based on such evaluation,  such officer has concluded that, as of the Evaluation
Date, the Company's disclosure controls and procedures are effective.

During the most  recent  fiscal  quarter,  there  have not been any  significant
changes in the Company's internal controls over financial  reporting or in other
factors that have materially  affected,  or are reasonably  likely to materially
affect internal controls over financial reporting.

                           PART 2 - OTHER INFORMATION

Item 1 - Legal Proceedings

         N/A

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds

         N/A

Item 3 - Defaults Upon Senior Securities

         N/A

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

         N/A

Item 5 - Other Information

Item 6 - Exhibits and Reports on Form 8-K

Exhibits

31.1     Certification of  Fang Zhong

32.1     Certification of Fang Zhong

Reports on Form 8-K

None

SIGNATURES

In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized on this 16th day of November, 2005

                                        Xerion EcoSolutions Group Inc.


                                        By: /s/ Fang Zhong
                                            ------------------------------------
                                            Fang Zhong
                                            Chief Executive Officer, President,
                                            Treasurer, and principal financial
                                            And accounting officer


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