XERION ECOSOLUTIONS GROUP INC.
                            (Formerly IMMULABS CORP)



                            Filing Type:  10QSB
                            Description:  Annual Report
                            Filing Date:  May 15, 2003
                            Period End:  March 31, 2003


                Primary Exchange: Over the Counter Bulletin Board
                          Ticker: XECO




















<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10-QSB

  (Mark one)

   XX    QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
-------  ACT OF 1934 (Fee required)

                 For the quarterly period ended March 31, 2003
                                                --------------

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

         For the transition period from ______________ to _____________

                         Commission File Number: 0-26760

                         XERION ECOSOLUTIONS GROUP INC.
                         (Formerly IMMULABS CORPORATION)


          Colorado                                           84-1286065
--------------------------                             -------------------------
 (State of incorporation)                              (IRS Employer ID Number)

                          Suite 132-3495 Cambie Street
                          Vancouver, BC Canada V5Z 4R3
--------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                  (604)696-0073
                           (Issuer's telephone number)
--------------------------------------------------------------------------------

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

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: April 15, 2003 5,042,133 common stock.

The SEC maintains an Internet site that contains reports,  proxy and information
statements,   and  other  information   regarding  filings  of  the  Company  at
http://www.sec.gov .


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


                                       1
<PAGE>


                                TABLE OF CONTENTS

ITEM NUMBER                                                                 PAGE
-----------                                                                 ----

PART 1

1. Financial Statements                                                       3

2. Management's Discussion and Analysis or Plan of Operation                 12

PART 11

1. Legal Proceedings                                                         13

2. Changes In Securities                                                     13

3. Defaults Upon Senior Securities                                           13

4. Submission of Matters to a Vote of Security Holders                       13

5. Other Information                                                         14

6. Exhibits and Reports on Form 8-K                                          14

Signatures                                                                   15

Exhibit 23.1 - Consent of Independent Certified Public Accountants







PART 1

Item 1 - Financial Statements
Xerion EcoSolutions Group Inc.
(A Development Stage Company)

March 31, 2003

                                                                           Index

Balance Sheets..............................................................F-1

Statements of Operations....................................................F-2

Statements of Cash Flows....................................................F-3

Notes to the Financial Statements...........................................F-4








                                       2
<PAGE>
<TABLE>
<CAPTION>

Xerion EcoSolutions Group Inc.
(A Development Stage Company)
Balance Sheets


                                                                                  As at        As at
                                                                                March 31,   December 31,
                                                                                  2003          2002
                                                                                    $             $
                                                                               (unaudited)   (audited)
<S>                                                                               <C>           <C>
ASSETS

Current Assets

Cash                                                                               25,736         2,997
Prepaid expenses                                                                   16,000          --
--------------------------------------------------------------------------------------------------------
Total Current Assets                                                               41,736         2,997

Mining Claims (Note 3)                                                             25,000          --

Technology Rights (Note 4)                                                         20,000          --
--------------------------------------------------------------------------------------------------------

Total Assets                                                                       86,736         2,997
========================================================================================================


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current Liabilities

Accounts payable                                                                   22,579        41,487
Accrued liabilities                                                                 3,750         3,000
Loans from a related party (Note 5)                                                 1,867         1,100
--------------------------------------------------------------------------------------------------------
Total Liabilities                                                                  28,196        45,587
--------------------------------------------------------------------------------------------------------


Commitments and Contingencies (Notes 1,5,7 and 8)

Subsequent Event (Note 9)

Stockholders' Equity (Deficit)

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

Common Stock, 300,000,000 shares authorized, $0.001 par value
5,042,133 shares issued and outstanding (December 31, 2002 - 392,133 shares)        5,042           392
(Note 6(a))

Additional Paid-in Capital                                                      7,743,112     7,594,262

Stock based compensation                                                        1,876,171     1,873,815

Donated Capital (Note 5(b))                                                        6,000         3,000

Deficit Accumulated During the Development Stage                               (9,571,785)   (9,514,059)
--------------------------------------------------------------------------------------------------------

Total Stockholders' Equity (Deficit)                                               58,540       (42,590)
--------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Deficit                                        86,736         2,997
========================================================================================================
</TABLE>




                                      F-1

(The accompanying notes are an integral part of the financial statements)

<PAGE>
<TABLE>
<CAPTION>

Xerion EcoSolutions Group Inc.
(A Development Stage Company)
Statements of Operations


                                             Accumulated from
                                             November 1, 1985        For the Three Months
                                             (Date of Inception)     Ended
                                             to March 31,            March 31
                                             2003                    2003                    2002
                                             $                       $                       $
                                             (unaudited)             (unaudited)             (unaudited)
<S>                                          <C>                     <C>                     <C>


Revenue                                                    --                      --                      --
---------------------------------------------------------------------------------------------------------------
Expenses

General and Administrative

Accounting and audit                                     33,600                   2,925                     500
Amortization                                              2,833                    --                      --
Donated services                                          6,000                   3,000                    --
Financial services                                       56,266                    --                      --
Investor relations                                      170,786                    --                      --
Legal                                                 1,019,355                   6,348                    --
Management fees                                         763,000                    --                    90,000
Office                                                    3,689                     213                     372
Salaries                                                229,730                  26,000                  33,000
Stock based compensation                              1,876,171                   2,356                    --
Transfer agent and regulatory                            17,225                     884                     500
Travel and promotion                                      7,111                    --                      --
---------------------------------------------------------------------------------------------------------------
                                                      4,185,766                  41,726                 124,372
---------------------------------------------------------------------------------------------------------------

Selling and Marketing

Advertising                                              89,238                    --                      --
Marketing                                                29,500                  16,000                    --
Option agreement written-off                             15,000                    --                      --
---------------------------------------------------------------------------------------------------------------
                                                        133,738                  16,000                    --
---------------------------------------------------------------------------------------------------------------

Total Expenses                                        4,319,504                  57,726                 124,372
---------------------------------------------------------------------------------------------------------------
Income (Loss) from Continuing Operations             (4,319,504)                (57,726)               (124,372)
---------------------------------------------------------------------------------------------------------------
Income (Loss) from Discontinued Operations           (5,252,281)                   --                      --
---------------------------------------------------------------------------------------------------------------
Net Income (Loss) For the Period                     (9,571,785)                (57,726)               (124,372)
===============================================================================================================

Net Income (Loss) Per Share - Basic                                               (0.02)                  (0.32)
===============================================================================================================

Weighted Average Shares Outstanding                                           2,605,000                 391,000
===============================================================================================================
</TABLE>







                                      F-2

(Diluted loss per share has not been presented as the result is anti-dilutive)


<PAGE>

Xerion EcoSolutions Group Inc.
(A Development Stage Company)
Statements of Cash Flows


                                                         For the Three Months
                                                                Ended
                                                              March 31,
                                                          2003           2002
                                                           $              $
                                                      (unaudited)    (unaudited)

Cash Flows to Operating Activities

Net loss for the period                                   (57,726)     (124,372)

Adjustment to reconcile net loss to cash:

Donated services                                            3,000          --
Stock based compensation                                    2,356          --

Change in non-cash working capital items:

Increase in prepaid expenses                              (16,000)         --
Increase in accounts payable and accrued liabilities          342       124,026
--------------------------------------------------------------------------------
Net Cash Used in Operating Activities                     (68,028)         (346)
--------------------------------------------------------------------------------
Cash Flows from Financing Activities

Proceeds from subscriptions receivable                     20,000          --
Proceeds from shares issued                                90,000          --
Advances from a related party                                 767          --
--------------------------------------------------------------------------------
Net Cash From Financing Activities                        110,767          --
--------------------------------------------------------------------------------
Cash Flows to Investing Activities

  Purchase of mining claims                               (20,000)         --
--------------------------------------------------------------------------------
Net Cash Used in Investing Activities                     (20,000)         --
--------------------------------------------------------------------------------
Decrease in Cash                                           22,739          (346)

Cash - Beginning of Period                                  2,997         2,276
--------------------------------------------------------------------------------
Cash - End of Period                                       25,736         1,930
================================================================================
Non-Cash Financing Activities

  Forgiveness of debt to related party                     18,500
  Shares issued for acquisition of mining claims            5,000          --
  Shares issued for acquisition of technology rights       20,000          --
================================================================================
Supplemental Disclosures

  Interest paid                                              --            --
  Income tax paid                                            --            --
================================================================================


                                       F-3

    (The accompanying notes are an integral part of the financial statements)


<PAGE>

1.   Nature of Operations and Continuance of Business

     Xerion  EcoSolutions  Group  Inc.,   formerly  Immulabs   Corporation  (the
     "Company"), was initially incorporated as Gemini Ventures, Inc. on November
     1, 1985 under the laws of the State of  Colorado.  The Company  changed its
     name to Solomon Trading Company,  Limited in July 1989; The Voyageur,  Inc.
     in November 1994; The Voyageur First, Inc. in December 1994; North American
     Resorts,  Inc. in March 1995; and Immulabs  Corporation in September  2000.
     Effective   March  28,  2003,  the  Company  changed  its  name  to  Xerion
     EcoSolutions  Group Inc. The shares of the Company  currently  trade on the
     Over the Counter Bulletin Board under the ticker symbol "XECO".

     From  1995  through  1998,  the  Company  was in the  business  of  selling
     vacations  in Florida and the sale of time share  memberships  to the Ocean
     Landings and Cypress Island Preserve  facilities in Florida which were then
     controlled by the Company and the operation of Cypress Island Preserve as a
     tourist  destination.  During  the  fourth  quarter  of 1998,  the  Company
     liquidated its holdings in these ventures and  discontinued all operations.
     With the disposition of all operations,  the Company became fully dependent
     upon the support of its controlling shareholders for the maintenance of its
     corporate status and to provide all working capital.

     On December 6, 2002, the Company's Board of Directors  affected a 1 new for
     100 old reverse split of the issued and outstanding  shares.  The effect of
     this split is reflected in the financial  statements as of the first day of
     the first period presented.

     With the  acquisition of  sixty-seven  mineral claims in California and the
     rights to certain ore and waste  processing  technologies,  the Company has
     entered the business of mine reclamation and environmental remediation with
     a focus on serving the mining and coal fired power plant industries.  Refer
     to Notes 3 and 4.

     These financial statements are prepared using generally accepted accounting
     principles   applicable  to  a  going  concern,   which   contemplates  the
     realization  of assets and  liquidation of liabilities in the normal course
     of business.  However,  the Company does not have significant cash or other
     material assets,  nor does it have an established source of revenues needed
     to  cover  its  operating  costs  and to allow  it to  continue  as a going
     concern.  The  Company  has  ongoing  overhead  expenses  and will  require
     significant  capital to complete its business  acquisition and then execute
     upon its business plan. The Company's ability to meet those obligations and
     continue as a going concern is dependent  upon raising new capital  through
     issuing debt and/or  equity  securities  and then to generate  revenues and
     profits.   Until  these  funding   sources   materialize   the  controlling
     shareholders  intend to  continue  the  funding of  necessary  expenses  to
     sustain  operations.  In April the Company  completed  a private  placement
     offering  consisting  of 89,000  shares of common stock at a price of $1.00
     per share for a total cash consideration of $89,000.



2.   Summary of Significant Accounting Policies

     Year End

     The Company's fiscal year end is December 31.

     Cash and Equivalents

     For  the  purpose  of the  statements  of cash  flows,  all  highly  liquid
     investments  with the maturity of three months or less are considered to be
     cash equivalents.

     Use of Estimates and Assumptions

     The  preparation  of 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 revenues  and expenses
     during the periods. Actual results could differ from those estimates.

     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.


<PAGE>

2.   Summary of Significant Accounting Policies (continued)

     Accounting for 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.  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.

     Income Taxes

     Income taxes are provided for using the  liability  method of accounting in
     accordance  with  Statements  of  Financial  Accounting  Standards  No. 109
     "Accounting  for  Income  Taxes".  A  deferred  tax asset or  liability  is
     recorded for all temporary differences between financial and tax reporting.
     Deferred tax expense  (benefit) results from the net change during the year
     of deferred tax assets and liabilities.

     Due to the  provisions  of Internal  Revenue  Code Section 338, the Company
     will have no net operating loss carryforwards available to offset financial
     statement  or tax return  taxable  income in future  periods as a result of
     changes  in  control  in both 2000 and  1999,  respectively,  involving  50
     percentage  points or more of the issued and outstanding  securities of the
     Company.

     Financial Instruments

     The fair value of the Company's current assets and current liabilities were
     estimated  to  approximate  their  carrying  values  due to  the  immediate
     short-term maturity of these financial instruments. As the Company operates
     in Canada,  virtually all of its assets and  liabilities are giving rise to
     significant  exposure  to market  risks from  changes  in foreign  currency
     rates.  The  financial  risk is the risk to the Company's  operations  that
     arise  from  fluctuations  in  foreign  exchange  rates  and the  degree of
     volatility of these rates.  Currently,  the Company does not use derivative
     instruments  to reduce its exposure to foreign  currency  risk.  Management
     does not believe the Company is exposed to  significant  credit or interest
     rate risks.

     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 January 31, 2003, the Company has no items that
     represent comprehensive loss and, therefore, has not included a schedule of
     comprehensive loss in the financial statements.

     Recent Accounting Pronouncements


     In June,  2002, FASB issued SFAS No. 146,  "Accounting for Costs Associated
     with Exit or Disposal  Activities".  The  provisions of this  Statement are
     effective for exit or disposal activities that are initiated after December
     31, 2002,  with early  application  encouraged.  This  Statement  addresses
     financial  accounting  and  reporting  for  costs  associated  with exit or
     disposal  activities and nullifies  Emerging Issues Task Force (EITF) Issue
     No. 94-3, "Liability  Recognition for Certain Employee Termination Benefits
     and Other Costs to Exit an Activity  (including Certain Costs Incurred in a
     Restructuring)".  This  Statement  requires  that  a  liability  for a cost
     associated  with  an exit or  disposal  activity  be  recognized  when  the
     liability is incurred.  The Company adopted SFAS No. 146 on January 1, 2003
     and its impact did not have a material effect on its financial  position or
     results of operations.

     In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
     Compensation  - Transition  and  Disclosure",  which amends SFAS No. 123 to
     provide  alternative  methods of transition  for a voluntary  change to the
     fair  value  based   method  of   accounting   for   stock-based   employee
     compensation. In addition, SFAS No. 148 expands the disclosure requirements
     of SFAS No. 123 to require more  prominent  disclosures  in both annual and
     interim financial statements about the method of accounting for stock-based
     employee  compensation  and the  effect  of the  method  used  on  reported
     results. The transition provisions of SFAS No. 148 are effective for fiscal
     years ended after December 15, 2002. The disclosure  provisions of SFAS No.
     148 are effective for financial  statements for interim  periods  beginning
     after  December  15, 2002.  The Company  adopted SFAS No. 148 on January 1,
     2003  and its  impact  did not  have a  material  effect  on its  financial
     position or results of operations.

<PAGE>


2.   Summary of Significant Accounting Policies (continued)


     FASB  has also  issued  SFAS  No.  145 and 147 but  they  will not have any
     relationship  to the  operations of the Company  therefore a description of
     each and their respective impact on the Company's  operations have not been
     disclosed.

     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.   Mining Claims

     The Company  entered into an agreement to acquire 67 mining claims  located
     in California  from an arms-length  vendor.  Consideration  was $20,000 and
     500,000 shares of the Company valued at $0.01 per share.  These shares were
     issued on March 21,  2003.  The Vendor may cancel this  transaction  if the
     Company does not raise  $1,000,000 by September  17, 2003.  The Company may
     cancel this  transaction  for any sound  business  reason.  In the event of
     cancellation the shares will be returned to treasury and cancelled.

4.   Technology Rights

     The Company  entered  into an  agreement  to acquire an  option-to-purchase
     certain ore and waste processing technologies (the "Technologies") from the
     President  of the  Company for one (1)  dollar.  The  Company  subsequently
     exercised that option-to-purchase and issued 2,000,000 common shares of the
     Company in total consideration to the three original  arms-length owners of
     the  Technologies.  The  2,000,000  shares  issued by the Company have been
     valued at $0.01 per share or $20,000 in total.  These shares were issued on
     March 21, 2003. The  technologies are protected by patent and is to be used
     to extract valuable and/or  hazardous  elements from the soil or water. The
     vendors  may  cancel  this  transaction  if  the  Company  does  not  raise
     $1,000,000 by September 17, 2003.  The Company may cancel this  transaction
     if it is  proven  that the  vendors  misrepresented  the  potential  of the
     Technologies.  In the event of cancellation  the shares will be returned to
     treasury and cancelled.


<PAGE>

5.   Related Party Transactions/Balances

     a)   On March 20, 2003,  the Company  entered into a five-year  contract to
          retain the current President of the Company.

     b)   The Company  recognized $3,000 as donated services to the President of
          the Company for services  rendered during the three months ended March
          31, 2003.

     c)   The Company  received  notification  from the President of the Company
          that all  amounts  owing to him are  forgiven  as of March  13,  2003.
          Therefore  $18,500 is included in  Additional  Paid In Capital for the
          period ended March 31, 2003  representing  the  extinguishment  of the
          debt owing to the President of the Company. Due to his relationship to
          the Company as principal stockholder, the forgiveness of this debt has
          been treated as contributed  capital in accordance with the provisions
          of Staff  Accounting  Bulletin  Topic 5T  "Accounting  for  Expense of
          Liabilities  Paid  by  Principal  Stockholders".   It  is  treated  as
          contributed  capital  because the  forgiveness of debt  maintained the
          value of the principal stockholder's investment in the Company.

     d)   The  amounts  due to a  related  party  represent  cash  loans and are
          non-interest   bearing,   unsecured  and  without  specific  terms  of
          repayment.

     e)   The Company  received  $20,000 and released  2,000,000 shares at $0.01
          per  share to the  President  of the  Company  pursuant  to a  private
          placement.  These shares were issued into a lawyer's  trust account on
          December 13, 2002 pending receipt of funds.


6.   Share Capital

     (a)  Common Stock

          On March 14, 2003, the Company received $20,000 and released 2,000,000
          shares at $0.01 per share to the President of the Company  pursuant to
          a private  placement.  These shares were issued into a lawyer's  trust
          account on December 13, 2002 pending receipt of funds.

     (b)  Stock options

          On March 24, 2003, the Company filed a Form S-8 Registration Statement
          with the U.S. Securities and Exchange Commission to register 1,000,000
          shares of common stock  pursuant to the Company's  2003  Nonqualifying
          Stock  Option  Plan ("2003  NQPlan").  This 2003 NQPlan is for persons
          employed or associated with the Company,  including without limitation
          any  employee,   director,   general   partner,   officer,   attorney,
          accountant,  consultant  or  advisor,  is intended to advance the best
          interests  of the Company by providing  additional  incentive to those
          persons  who have a  substantial  responsibility  for its  management,
          affairs,  and growth by increasing their  proprietary  interest in the
          success of the Company,  thereby  encouraging  them to maintain  their
          relationships with the Company. The determination of those eligible to
          receive options under the 2003 NQPlan, and the amount, price, type and
          timing of each Stock option and the terms and conditions shall rest at
          the sole  discretion of the Company's  Board of Directors,  subject to
          the provisions of the 2003 NQPlan;

          On March 24, 2003,  the Company  granted  options to purchase  150,000
          shares at an  exercise  price of $0.60 per share under the 2003 NQPlan
          to officers and directors of the Company. These options were exercised
          on March 28, 2003. On March 24, 2003, the Company  granted  options to
          purchase  325,000 shares at an exercise price of $4.00 per share under
          the 2003 NQPlan to officers and directors of the Company.
                                                                      Weighted
                                                       Shares          Average
                                                    Under Option    Option Price
                                                          #               $

          Beginning of period                               --              --
          Granted                                        475,000            2.93
          Exercised                                     (150,000)           0.65
          ----------------------------------------------------------------------
          End of period                                  325,000            4.00
          ======================================================================

          Additional  information  regarding options outstanding as at March 31,
          2003 is as follows:
<TABLE>
<CAPTION>
                                               Outstanding                                  Exercisable
                            -------------------------------------------------    --------------------------------
          Exercise prices                          Weighted
                                                    average         Weighted                             Weighted
                                                  remaining          average                              average
                                  Number of     contractual   exercise price           Number of   exercise price
               $                   shares       life(years)                $              shares                $

              <S>                   <C>                 <C>             <C>              <C>                 <C>
              4.00                  325,000             .98             4.00             325,000             4.00
                            ------------------------------------------------    ---------------------------------

                                    325,000             .98             4.00             325,000             4.00
                            ================================================    =================================
</TABLE>

          Stock based compensation was calculated using the Black-Scholes Option
          Pricing method with the following  assumptions:  expected volatility -
          95%; expected life - 1.0 years; and risk-free rate - 1.18%.

7.   Commitment

     The Company  entered into  employment  agreements with four officers of the
     Company, in which signing bonuses of $26,000 has been paid.


8.   Contingent Liability

     The Company is in dispute over the  purchase of a shuttle bus in 1998.  The
     owners of the bus lost the vehicle in bankruptcy  and are looking to recoup
     $97,509  due to their  losses,  however,  the  title  of the bus was  never
     transferred   to  the   Company  and  the  Company  is  looking  to  recoup
     approximately $15,000 in payments made towards the purchase. The Company is
     now relying on former directors of the Company as well as the estate of the
     Company's  former  attorney to cover the costs.  These parties had signed a
     Hold  Harmless  Agreement  indemnifying  the Company from any costs arising
     from  this  matter.  It is not  possible  at this time for the  Company  to
     predict with any certainty the outcome of this claim.  However,  management
     is of the opinion,  based upon information presently available,  that it is
     unlikely that any liability  would be material in relation to the Company's
     financial position.

9.   Subsequent Event

     In  April  2003,  the  Company  completed  a  private  placement   offering
     consisting  of 89,000  shares of common stock at a price of $1.00 per share
     to net the Company proceeds of $89,000.

<PAGE>

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




(1)  Caution Regarding Forward-Looking Information

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


(2)  Results of Operations, Liquidity and Capital Resources

As of the date of this filing,  the Company has just over $100,000 in cash, 100%
ownership  of  technology  for use in  non-toxic  processing  of ore and  waste,
sixty-seven mining claims and liabilities totaling just over $25,000.

Management  recognizes that additional funds through additional private sales of
Company stock,  capital  contributions  from existing  significant  shareholders
and/or  loans from  existing  significant  shareholders  will be required in the
future.  However,  there can be no  assurance  that the Company  will be able to
obtain additional funds to support the Company's liquidity requirements or, that
such funding, if available, will be obtained on terms favorable to or affordable
by the Company.

During the recent  quarter the Company  modified its  business  purpose to enter
into  the  `non-toxic"  ore  processing,   mine  reclamation  and  environmental
remediation  business  with a focus on serving the mining and  coal-fired  power
plant industries.

The Company is in discussions  with several  parties for ore  processing  and/or
mine  reclamation  contracts.  Negotiations  have  been  positive  thus  far and
management  believes  that it will sign one or more  contracts  in the very near
future that could result in significant revenues.


On March 17, 2003 the Company acquired ownership of sixty-seven mining claims in
the  Randsburg  Mining  District of  California as well as certain ore and waste
processing  technologies  for  use  in  ore  processing,  mine  reclamation  and
environmental remediation.

The Company's  primary  objective  over the next year is to lay a foundation for
significant  expansion.  It is  anticipated  that  this will  include:  creating
significant  streams of  positive  cash flow,  developing  internal  systems and
infrastructure,   recruiting  senior  executives  and  support  staff,  creating
credibility with the mainstream  mining and coal-fired  power plant  industries,
generating sufficient financing systems and market capitalization to support the
Company's aggressive internal growth and acquisition plans.

<PAGE>

CORE TECHNOLOGY
The Company owns a proprietary  ore processing and waste  management  technology
known as the  `Xerion  Reaction  System'  or `XRS'.  The XRS has the  ability to
release and recover any targeted element from the earth including: gold, silver,
platinum,  palladium,  rare  earth  elements  such as  neodymium  and  scandium,
strategic  metals such as tungsten,  and other valuable  elements.  XRS can also
neutralize  or remove  elements that are harmful to the  environment,  including
zinc, lead, mercury, arsenic, germanium, cyanide and other deleterious elements.


GENERAL BUSINESS OVERVIEW
Xerion offers Mine  Reclamation and  Environmental  Remediation  services to the
Mining and  Coal-Fired  Power Plant  Industries.  Tailings  and waste dumps from
these industries scatter the world. They can be hazardous to the environment and
there are few economic  solutions  for their  remediation.  It is a little known
fact  that  traditional   recovery  methods  often  leave  these  dumps  with  a
considerable  percentage of their original elements,  such as gold and platinum,
still  intact.  In some cases the Company may  provide  remediation  services at
little or even no cost to  government or industry - since costs can be partially
or entirely met through the recovery of valuable elements.  A patent application
for the XRS has recently  been filed and Xerion is in the start-up  phase of its
business  cycle.  The Company is in the process of building  the  infrastructure
necessary to perform its first reclamation project.

The company  intends to acquire  contracts for the  reclamation  of toxic mining
sites. In addition to mining, there are numerous  applications of XRS technology
including  remediation  of toxic  waste  produced  by the Coal Fired Power Plant
industry.


OUTLOOK ON USE OF CYANIDE BY THE MINING INDUSTRY

The mining  industry is facing many  regulatory  pressures  regarding the use of
cyanide,  which is an industry standard method to economically recover gold from
ore.  Cyanide has  resulted  in a number of  environmental  disasters  in recent
history. There is growing concern about the use of cyanide in mining operations.
Already some States have outlawed the use of cyanide altogether and other States
could soon be following in their footsteps. The Xerion Reaction System offers an
environmentally  friendly alternative to cyanide. Several tests were carried out
under the  auspices of the Arizona  Department  of  Environmental  Quality for a
placer mine  operation,  using an earlier  process  developed by Xerion's  Chief
Scientific  Officer.  (The XRS is more  efficient  and just as non-toxic as this
earlier  process).  Due to its  non-toxic  nature,  the  government  granted the
technology  a  negative  declaration,  `no  permit  required'  for the  State of
Arizona.    This   type   of   `negative    declaration'   could   shorten   the
time-to-production for any mine using the XRS in Arizona. The Company intends to
apply for similar `Negative  Declarations' in all States. Aside from the dangers
of environmental impact, cyanide is only effective in leaching gold from certain
types of ores.  Sulphides,  in particular,  are not amenable to economic cyanide
leaching.  It is well known in the industry that cyanide recovers less than half
of the gold from  Sulphides.  XRS,  however,  is effective in leaching very high
percentages of gold and other elements from sulphides.  The future of cyanide is
questionable  and the industry is being forced to consider  other  alternatives.
The potential for XRS to become an industry standard  replacement for cyanide is
very real.

<PAGE>

ENVIRONMENTAL REMEDIATION -
COAL-FIRED POWER PLANT INDUSTRY

There are over one thousand coal-fired power plants in the United States.  These
power plants  generate  approximately  half of all  electricity  consumed in the
United States and produce a growing  supply of toxic and  semi-toxic  waste.  An
independent  laboratory has conducted tests on this waste and determined that it
contains an extraordinarily high content of valuable elements.  Analyses done on
fly ash were carried out at the Argonne  National  Laboratory in Illinois by the
United States Geological  Survey,  using a DC Arc Atomic Emission  Spectrograph,
indicates gross value of all elements  exceeds  $700.00 per ton of waste.  (This
value was based on the element prices as readily  available off the Internet and
values are expected to fluctuate with market prices of recoverable elements). In
addition to  significant  existing  stockpiles,  coal-fired  power plants in the
United States  produce over one hundred and fifteen  million  (115,000,000)  new
tons of waste every year.  Due to the  apparent  lack of  technology  capable of
recovering  the inherent  values,  the power plants  currently sell a portion of
their waste to the cement  industry as an inexpensive  ingredient,  and disposes
of, or stockpiles the rest.


COAL-FIRED POWER PLANT INDUSTRY OUTLOOK

There is growing  concern among  environmental  groups and  government  agencies
regarding the problem of toxic waste  produced by this  industry.  Although they
have made  Herculean  efforts and have spent  billions of dollars on controls to
reduce particulates,  sulfur dioxide and carbon dioxide emissions,  the industry
has yet to  adequately  address the  problems  associated  with its solid waste.
Further environmental  restrictions may be imposed on this industry unless it is
able to solve its waste  remediation  problem.  Test results indicate the Xerion
Reaction System may provide an economical  method of remediating this industry's
waste,  with the added  financial  benefit  of being  able to  recover  valuable
elements currently left behind. The Company anticipates  performing recovery and
remediation tests for the industry in the very near future.


RANDSBURG MINING CLAIMS

Xerion owns sixty-seven  mining claims covering an area of 16.75 square miles in
the Randsburg  Mining  District of California.  The Company plans to implement a
full-scale,  environmentally  friendly  mining  operation  at  these  claims  to
demonstrate  the  efficiency  of using the XRS from start of  production,  right
through to  reclamation.  Many assays have been  completed,  indicating  several
mining targets with production  potential.  The initial production target on the
claims is a residual  placer  deposit  known as the Floyd  Mine.  The Floyd is a
pluton area that has a quartz-weathered zone 7,000 feet long by 3,000 feet wide.
Twenty-five  trenches,  each 16-feet deep, have been bulk-tested every 4-feet of
depth. Sample results by certified labs show gold mineralization over the entire
zone (XRAL,  ACTIVATION  LABS,  JACOBS ASSAY OFFICE,  SKYLINE,  AND ACT LABS). A
feasibility  study is  required  and is the next  step  before  proceeding  into
production.


RISK FACTORS AND FORWARD LOOKING STATEMENTS

Certain statements herein,  including those regarding production,  joint venture
contracts,  patents,  industry  outlooks and realized  metals prices  constitute
"forward  looking  statements"  within the meaning of the United States  Private
Securities  Litigation  Reform  Act of 1995.  Such  forward  looking  statements
involve known and unknown risks,  uncertainties and other factors that may cause
the actual results,  performance or achievements of the Company to be materially
different from future results,  performance or achievements expressed or implied
by those  forward  looking  statements.  These  risks,  uncertainties  and other

<PAGE>

factors include,  but are not limited to,  difficulties in successfully  raising
capital  (given the  Company's  lack of operating  history,  lack of  profitable
operations  and  limitations  on the market for the  Company's  securities),  in
developing  and  commercializing  its products and mining claims  (including the
ability to overcome  technical  hurdles that may arise),  in meeting  applicable
existing  or  new  regulatory   standards,   in  receiving  required  regulatory
approvals,  in obtaining  necessary  patents and licenses,  in defending against
third party  infringement  of patents and licenses,  in  protecting  itself from
costly,  unforeseen  legal  disputes,  in producing  gold and other  elements in
commercial  quantities at reasonable  costs, in competing  successfully  against
other  companies  and in  marketing  itself  successfully  and  in  successfully
addressing  the  concerns  and/or  obtaining  the  support of lobbies in various
States.  There can be no assurance  that the Company will be  successful  in its
efforts to develop and commercialize XRS or its mining claims.  Most importantly
at this stage,  the  Company's  success and each step  required to achieve  such
success  depends on its ability to raise  significant  further  financing  on an
ongoing basis and there is no guarantee it will be able to do so. The company is
still in the development stage and has no revenues.  Additionally,  funds may be
raised  through the  issuance of equity  shares and such  securities  might have
rights,  preferences  or  privileges  senior to its common stock and will likely
result in dilution to existing shareholders. The Company is therefore subject to
a number of known and unknown  risks and  uncertainties  that could cause actual
operations or results to differ materially from those that are anticipated.

The  entire  executive  management  team has  agreed to work for the  company on
substantially reduced salaries, or in most cases, no salary whatsoever. There is
no  guarantee  that  they  will  continue  to work for the  company  under  such
favorable conditions.

The recent mining claim and technology acquisitions require the Company to raise
one  million  dollars  within six months to avoid  notice of  cancellation  from
Sellers.  Part of Seller's  motivation in selling the XRS  technology to Company
was to avoid significant dilution in their ownership. There is no guarantee that
the Company will be able to raise this capital and if the Company fails to raise
this capital the Sellers are expected to sell the technology to another party.

If the  Company  loses  its  technology  and  mining  claims,  it  will  have no
significant assets on which to base its current business plan and will fail.

To be successful in implementing  its business plan the Company will require the
services of numerous other  executives  with varied  technical and  professional
backgrounds  in   environmental   engineering,   ore  processing  and  financial
management  and the  company's  ability to recruit such  executives  is entirely
dependant upon its access to working capital and there is no guarantee that such
capital will be available.

The  Registrant  is  highly   dependent  upon  management   and/or   significant
shareholders to provide  sufficient working capital to preserve the integrity of
the  corporate  entity  during this phase of early  development  and there is no
assurance that the Registrant will be able to finance its planned operations.

There is no guarantee that  contracts for ore  processing,  mine  reclamation or
environmental  remediation  will be forthcoming and the economic success of such
contracts are subject to many known and unknown risks including; availability of
adequate capital,  availability of qualified staff, successful negotiations with
mining and power plant companies, protection of the proprietary qualities of XRS
technology,  successful  economic  implementation  of XRS,  availability  of raw
materials or specialized equipment.

There is no  guarantee  that the Company  will be able to put its mining  claims
into  production and the economic  success of such production is subject to many
known  and  unknown  risks   including;   availability   of  adequate   capital,

<PAGE>

availability of qualified staff,  successful negotiations with regulatory bodies
for  necessary  permitting,  access  to ore with  sufficient  grades  as to make
production  economical,  results of feasibility  studies,  satisfactory  weather
conditions and availability of subcontractors, water, power and equipment.

The Company may, from time to time, make oral  forward-looking  statements.  The
Company strongly advises investors to carefully read the above paragraph and the
risk factors  described in its Annual Reports and other documents filed with the
United States  Securities  and Exchange  Commission for a description of certain
factors that could cause the actual results of the Company to materially  differ
from  those in the  oral or  written  forward-looking  statements.  The  Company
disclaims  any  intention or  obligation to update or revise any oral or written
forward-looking statements whether as a result of new information, future events
or otherwise.

During the  quarter  ended  March 31,  2003,  the  Company  added the  following
executives to its management team.

Richard F. Hewlett, Chief Scientific Officer.

Mr. Hewlett has previously put four mines into  production,  including a mercury
mine in  partnership  with Placer  Dome.  Mr.  Hewlett is a graduate in Chemical
Engineering  from  Iowa  State  University  with  a  Masters  degree  in  Mining
Engineering  from the  University  of Arizona.  He completed his course work and
Dissertation in Geological  Engineering under a Doctoral Fellowship  sponsored b
the U.S.  Bureau of Mines while on the  teaching  faculty of the  University  of
Arizona.  An alumnus from the teaching  faculty at the Colorado School of Mines,
Mr. Hewlett has 45 years  experience  working with and consulting to the world's
major mining companies including Place Development (Dome),  Noranda,  Texas Gulf
Sulphur,  Kennecott Copper Corp.,  American Metal Climax,  Occidental  Petroleum
(Minerals)  and  ASARCO  Transvaal  Consolidated  Goldfields.  Mr.  Hewlett  was
inducted into the Metallurgical and Mining Society of the AIME and has presented
many   technical   papers  at  annual   meetings   of  the  Society  of  Mining,
Metallurgical,  and Petroleum  Engineers.  He was also elected into Sigma Xi, an
honorary research fraternity. Mr. Hewlett is the inventor of the Xerion Reaction
System (XRS) and has recently sold this technology to the Company. He has joined
the executive team to facilitate its implementation into the market place.


Bryon Knelson, Vice President, Corporate Development
Mr.  Knelson  is  recognized  worldwide  as being a  foremost  authority  on the
recovery of freegold.  He is the holder of multiple  patents and is the inventor
of the Knelson  Concentrator,  with over four thousand  installations  at mining
sites  worldwide,  including  Placer  Dome's  Porgera  Dome (Papua New  Guinea),
Musselwhite,  and  Campbell  Red Lake as well as Barrick  Gold's  Est-Malarctic,
Eskay Creek and Bulyhanhulu (Mali).

Byron  built his  company,  Knelson  Concentrators,  into a growing  company  of
$15,000,000.00  in annual sales  before  handing  over the  responsibilities  of
day-to-day  management to others.  He has been  nominated  twice in the National
Entrepreneur  of the Year  Awards  and is the  holder of the  Canadian  Citizens
Award,  bestowed  upon him by the Prime  Minister  of Canada.  Mr.  Knelson  was
presented  with the  Export  Development  Award by the  Federal  Government  and
continues to serve on the Board of Knelson Concentrators.

<PAGE>

David Thomas, Senior Strategic Coordinator
Mr. Thomas formerly served as President of a venture capital company, incubating
start-up  public  companies.  Prior to that he was Executive Vice President of a
mining company,  Vice President  Finance of a development  stage  pharmaceutical
company and Senior Vice  President  and Fund  Manager of a futures  based Mutual
Fund Management  Company.  He has successfully worked with Xerion's President on
several important projects over the past nine years,  including the launch of an
internet startup which achieved market  capitalization of  $240,000,000.00..  He
has a strong background in corporate finance,  regulatory compliance,  strategic
planning and general management.

Ryan Jones, Vice President, Operations
Mr.  Jones is a  mining  technologist  with  many  years  experience  in  mining
exploration  across North America and West Africa.  He has also operated his own
mining operations in BC and the Yukon. As a consultant,  Mr. Jones has installed
and  commissioned  mining  equipment  for such notable  operations as the famous
Sixteen to One Mine in Alleghany,  CA, Cal Sierra's Dredge 21 on the Yuba River,
Marysville,  CA and  the  Golconda  Mine  underground  alluvial  operation  near
Quartzsite, AZ. For the past 12 years Mr. Jones has worked closely with Xerion's
VP Byron Knelson in the development  and marketing of the Knelson  concentrator.
Mr. Jones  brings with him an in-depth  knowledge  of mining  operations  and is
capable  of  calculating  ore  reserves,   producing   feasibility  studies  and
overseeing production of Xerion's own mining claims.


Part II - Other Information

Item 1 - Legal Proceedings

     To the best of  knowledge  of the  Officers  and  Directors of the Company,
neither the Company nor any of its  Officers  and  Directors  are parties to any
legal  proceeding  or litigation  other than as described  below.  Further,  the
Officers and Directors know of no threatened or contemplated  legal  proceedings
or litigation other than as described below

     The current company  management learned in late 2002 that the Company is in
     dispute over the  purchase of a shuttle bus in 1998.  The owners of the bus
     lost the vehicle in bankruptcy  and are looking to recoup  $97,508.58  plus
     associated  costs due to their  losses,  however,  the title of the bus was
     never transferred to the Company and the Company was looking to recoup some
     $15,000 in payments made towards the  purchase.  The Company is now relying
     on former  directors of the Company as well as the estate of the  Company's
     former attorney to cover any costs which arise. These parties have signed a
     Hold  Harmless  Agreement  indemnifying  the Company from any costs arising
     from this matter. An attorney representing a former Director of the Company
     has informed the Company that they have worked out a potential  alternative
     settlement  with the  Claimants  which  would  absolve  the  Company of any
     liability.  That  attorney  is  waiting  for his  legal  fees to be paid to
     complete these  transactions  and has advised the Company that a payment of
     $10,000  will clear the matter  within  thirty  days.  The Company  will be
     pursuing former Directors for payment in this matter.

Item 2 - Changes in Securities

On March 25, 2003 the Company filed a Form S-8  Registration  Statement with the
U.S.  Securities and Exchange  Commission to register 1,000,000 shares of common
stock  pursuant to the  Company's  2003  Nonqualifying  Stock Option Plan ("2003
NQPlan").  This 2003  NQPlan is for  persons  employed  or  associated  with the
Company,  including without limitation any employee,  director, general partner,
officer, attorney, accountant, consultant or advisor, is intended to advance the
best interests of the Company by providing additional incentive to those persons

<PAGE>

who have a substantial responsibility for its management, affairs, and growth by
increasing  their  proprietary  interest in the success of the Company,  thereby
encouraging  them  to  maintain  their  relationships  with  the  Company.   The
determination  of those eligible to receive  options under the 2003 NQPlan,  and
the  amount,  price,  type and  timing of each  Stock  option  and the terms and
conditions  shall  rest  at the  sole  discretion  of  the  Company's  Board  of
Directors, subject to the provisions of the 2003 NQPlan;

During the quarter ending March 31, 2003 the Company:

     a)   granted  475,000  stock  options  under  the 2003  NQPlan  to  various
          directors,  officers and  consultants  of the Company at the following
          prices:  150,000 shares at a price of $0.60 per share;  325,000 shares
          at a price of $4.00 per share;
     b)   issued 150,000 shares upon the exercise of stock options at a price of
          $0.60 per share to net the Company proceeds of $90,000

The Company  granted 25,000 stock options to David Thomas with an exercise price
of $0.60 per share and 50,000 options with an exercise price of $4.00 per share;
50,000 stock options to Ben Traub with an exercise  price of $0.60 per share and
100,000 options with an exercise price of $4.00 per share;  25,000 stock options
to Richard  Hewlett with an exercise price of $0.60 per share and 50,000 options
with an exercise  price of $4.00 per share;  25,000 stock  options to Ryan Jones
with an exercise  price of $0.60 per share and 50,000  options  with an exercise
price of $4.00 per share; 25,000 stock options to Byron Knelson with an exercise
price of $0.60 per share and 50,000  options with an exercise price of $4.00 per
share;  15,000 stock options to Ellen Luthy with an exercise  price of $4.00 per
share;  10,000 stock options to Warren Gacsi with an exercise price of $4.00 per
share.




SALES OF SECURITIES:

In December,  2002 the Company issued  2,000,000  shares to be held in trust, in
the name of "Race & Co.". These shares were subsequently issued to the President
of the Company  pursuant to a private  placement on March 17, 2003, for proceeds
in the amount of $20,000.

On March 17,  2003 the Company  authorized  the  issuance of 500,000  restricted
shares (and $20,000 in cash) in  consideration  for the acquisition of 67 mining
claims.  On March 17,  2003 the Company  authorized  the  issuance of  2,000,000
restricted  shares  in  consideration  for  the  acquisition  of ore  and  waste
processing technology.

Subsequent to December 31, 2002 the Company  granted 475,000 stock options under
the 2003 NQPlan to various directors, officers and consultants of the Company at
the  following  prices:  150,000  shares at a price of $0.60 per share;  325,000
shares  at a price of $4.00 per  share.  On March 28,  2003 the  Company  issued
150,000  shares  upon the  exercise  of stock  options by officers at a price of
$0.60 per share to net the Company proceeds of $90,000.

Subsequent  to March 31, 2003 the  Company  completed  a private  placement  for
89,000 shares at a price of $1.00 for proceeds totaling $89,000.


Item 3 - Defaults Upon Senior Securities

         None

Item 4 - Submission Of Matters To A Vote Of Security Holders

         None

<PAGE>

Item 5 - Other Information

The Company is in discussions  with several  parties for ore  processing  and/or
mine  reclamation  contracts.  Negotiations  have  been  positive  thus  far and
management  believes  that it will sign one or more  contracts  in the very near
future that could result in significant revenues.



ITEM 6 - EXHIBITS AND REPORTS ON FROM 8-K

(DOCUMENTS INCORPORATED BY REFERENCE)

     (a) Form S-8  Registration  Statement  filed with the U.S.  Securities  and
Exchange  Commission March 24, 2003 to register 1,000,000 shares of common stock
pursuant to the Company's 2003 Nonqualifying Stock Option Plan ("2003 NQPlan").

     (b) Reports on Form 8-K:

          i.   Filed March 31, 2003  reporting the sale of two million shares in
               a private  placement  and the change of control of the Company by
               way of issuing 500,000 and 2,000,000  shares,  respectively,  for
               the  acquisition  of 67  mining  claims  and the  acquisition  of
               certain non-toxic ore and waste processing technologies.


                                   SIGNATURES

     In accordance  with Section 12 of the Securities  Exchange Act of 1934, the
Registrant caused this Registration  Statement to be signed on its behalf by the
undersigned, thereunto duly authorized.

Xerion EcoSolutions Group Inc. (Formerly Immulabs Corporation)

By  /s/  Ben Traub                                           Dated: May 15, 2003
   ---------------------------------
         Ben Traub, President

By  /s/  Ellen Luthy                                         Dated: May 15, 2003
   ---------------------------------
         Ellen Luthy, Secretary



<PAGE>

CERTIFICATION OF PERIODIC REPORT

We, Ben E. Traub and Ellen M. Luthy certify that:


1. We have reviewed this quarterly report on Form 10-QSB of Xerion  EcoSolutions
Group Inc. (the "Registrant") for the period ended March 31, 2003.

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

3.  Based on our  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. We are responsible for establishing and maintaining  disclosure  controls and
procedures  (as  defined  in  Exchange  Act Rules  13a-14  and  15d-14)  for the
registrant and we have:

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

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

c) presented in this quarterly report our conclusions about the effectiveness of
the  disclosure  controls  and  procedures  based  on our  evaluation  as of the
Evaluation Date;

5. We have disclosed,  based on our most recent evaluation,  to the registrant's
auditors and the audit committee of registrant's  board of directors (or persons
performing the equivalent function):

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

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

6.  We have  indicated  in this  quarterly  report  whether  or not  there  were
significant  changes  in  internal  controls  or in  other  factors  that  could
significantly affect internal controls subsequent to the date of our most recent
evaluation,   including  any  corrective  actions  with  regard  to  significant
deficiencies and material weaknesses.





Dated: May 15, 2003


                                                     By:           /s/ Ben Traub
                                                                 ---------------
                                                                       Ben Traub
                                                         Chief Executive Officer




                                                     By:          /s/Ellen Luthy
                                                               -----------------
                                                                     Ellen Luthy
                                                     Principal Financial Officer

<PAGE>

                        CERTIFICATION OF PERIODIC REPORT

I, Ben E. Traub,  Principal  Executive Officer of Xerion EcoSolutions Group Inc.
(the "Company"),  certify,  pursuant to Section 906 of the Sarbanes-Okley Act of
2002, 18 U.S.C. Section 1350, that;

     (1) the report fully  complies with the  requirements  of Sections 13(a) or
     15(d) of the Securities Exchange Act of 1934; and


     (2) information  contained in the report fairly  presents,  in all material
     respects, the financial condition and results of operation of the company.

Dated: May 15, 2003

                                                                   /s/ Ben Traub
                                                          ----------------------
                                                                       Ben Traub
                                                     Principal Executive Officer