<PAGE>2

                               UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                 FORM 10-QSB

[X]      QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)
OF  THE  SECURITIES  AND  EXCHANGE  ACT  OF  1934
For  the  Quarter  ended  March 31, 1998

[      ]      TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE
               EXCHANGE  ACT
For  the  transition  period                                to

Commission  file  number          -        0-22965

                             Pinnacle Resources, Inc..
                 (Exact name of Small Business Issuer in its charter)


           WYOMING                                       84-1414869
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization                        Identification No.)

 7345 E. Peakview Avenue, Englewood, Colorado               80111
   (Address of principal executive offices)             (Zip Code)

               Registrant's Telephone number, including area code:
                               (303) 771-8100

Indicate  by  check  mark  whether  the  Registrant  (1) has filed all reports
required  to  be  filed  by Section 13 or 15(d) of the Securities and Exchange
Act  of  1934  during the preceding twelve months (or such shorter period that
the Registrant was required to file such reports), and (2) has been subject to
file  such  filing  requirements  for  the  past  thirty  days.

Yes        x            No
      -------                --------

Indicate  the  number of shares outstanding of each of the issuer's classes of
common  stock,  as  of  the  close  of  the  period  covered  by  this report:

              4,150,000 Shares of Common Stock ($.00001 par value)
                               (Title of Class)

Transitional  Small  Business  Disclosure  Format  (check  one):
Yes                          No          x
      ---------                       --------










<PAGE>3

                              PINNACLE RESOURCES, INC.



PART  I:          Financial  Information

     ITEM  1  -  Financial  statements

     ITEM  2  -  Management's'  discussion  and  analysis  of
     financial  condition  and  results  of  operations

PART  II:          Other  Information

     ITEM  6  -  Exhibits  and  Reports  on  Form  8-K











<PAGE>4
                                    PART I

Item  1.  Financial  Statements:


                     Pinnacle Resources, Inc.
                   (Fka Claremont House, Corp.)
                   A Development Stage Company
                          Balance Sheet


<TABLE>
<CAPTION>
                                              Unaudited              Audited
                                               March 31              June 30, 
                                                1998                   1997
<S>                                             <C>                    <C>

ASSETS 

Cash                                         $ 27,001                $100,000
Interest Receivable - Relate Party              2,505                       0
Note Receivable - Related Party               115,000                       0
                                              -------                --------

Total Current Assets                          144,508                $100,000

TOTAL ASSETS                                 $144,508                $100,000


LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES
Current Liabilities

Current Portion of Note Payable              $100,000                       0
Accounts Payable                               $6,460                       0
Accrued Interest                                  164                       0
                                             --------                --------
Total Current Liabilities                     106,624                       0

Long-Term Portion of Note Payable                   0                       0

TOTAL LIABILITIES                             106,624                       0

SHAREHOLDER' EQUITY

Preferred Stock, $.01 Par Value
Authorized 2,000,000 Shares; Issued
And Outstanding -0- Shares                          0                       0

Common Stock, $.00001 Par Value
Authorized 500,000,000 Shares; Issued
And Outstanding 4,150,000 Shares                   42                      42

Capital Paid in Excess of
   Par Value of Common Stock                  101,458                 101,458

Retained Earnings (Deficit) Accumulated 
  During the Development Stage                (63,618)                 (1,500)
                                              -------                --------
TOTAL SHAREHOLDERS' EQUITY                     37,882                 100,000
                                              -------                --------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY  $ 144,508                $100,000
                                             ========                ========

</TABLE>

The Accompanying Notes Are An Integral Part Of These Unaudited Financial 
Statements.










<PAGE>5                                             
          
                          PINNACLE RESOURCES, INC.
                        (FKA CLAREMONT HOUSE, CORP.)
                        A DEVELOPMENT STAGE COMPANY
                          STATEMENT OF OPERATIONS

<TABLE>
<CAPTION>
                                     Unaudited    Unaudited    JANUARY 6, 1995
                                     9 month        9 month     (INCEPTION)
                                   Period ended  period ended   Through March
                                 March 31, 1998  March 31, 1997   31, 1998
<S>                                   <C>            <C>          <C>
Revenue                                  $0             $0           $0

Expenses:

Administrative                          750          1,500        2,250
Bank Charges                             20              0           20 
Legal and Accounting                 15,389              0       15,389
Officer Remuneration                  7,200              0        7,200
Professional Fees                    38,400              0       38,400
Rent                                  2,700              0        2,700
                                     ------          -----        -----
Total                                64,459              0       64,459
                                     ------          -----        -----

(Loss) Before Other Income         $(64,459)       $(1,500)    $(65,959)

Other Income - Interest               2,505              0        2,505
Interest (Expense)                     (164)             0         (164)
                                   --------        -------     --------
Net (Loss)                         $(62,118)       $(1,500)    $(62,118)

Basis (Loss) per Common Shares       ($0.01)        ($0.01)      ($0.02)
Weighted Average Common Shares 
Outstanding                       4,150,000        150,000    4,150,000 
                                  =========        =======    =========

</TABLE>

The Accompanying Notes Are An Integral Part Of These Unaudited Financial 
Statements.
                 











<PAGE>6

                          PINNACLE RESOURCES, INC.
                        (FKA CLAREMONT HOUSE, CORP.)
                        A DEVELOPMENT STAGE COMPANY
                          STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>
                                    Unaudited      Unaudited
                                     3 month        3 month
                                   Period ended  period ended
                                  March 31, 1998  March 31, 1997
<S>                                   <C>            <C>
Revenue                                  $0             $0

Expenses:

Administrative                          750              0
Bank Charges                             20              0        
Legal and Accounting                  1,361              0
Officer Remuneration                  2,400              0
Professional Fees                         0              0
Rent                                    900              0
                                     ------          -----
Total                                 5,431              0
                                     ------          -----

(Loss) Before Other Income          $(5,431)            $0

Other Income(Expense)
 Interest Income                      1,505              0
 Interest (Expense)                    (164)             0
                                   --------        -------
Total                                 1,341              0

Net (Loss)                          $(4,090)            $0
                                   ========        =======

Basis (Loss) per Common Shares       ($0.01)         $0.00
                                   ========        =======
Weighted Average Common Shares 
Outstanding                       4,150,000        150,000
                                  =========        =======

</TABLE>

The Accompanying Notes Are An Integral Part Of These Unaudited Financial 
Statements.
                 









<PAGE>7
      
                          PINNACLE RESOURCES, INC.
                        (FKA CLAREMONT HOUSE, CORP.)
                        A DEVELOPMENT STAGE COMPANY
                          Statement of Cash Flows

<TABLE>
<CAPTION>
                                    Unaudited    Unaudited     JANUARY 6, 1995
                                     9 month        9 month      (INCEPTION)
                                   Period ended  period ended    Through March
                                 March 31, 1998  March 31, 1997   31, 1998
<S>                                   <C>            <C>             <C>

Net (Loss)                            $(62,118)    $(1,500)     $(63,618)

Adjustments to Reconcile Net 
   Loss to Net Cash Used in 
   Operating Activities                      0           0             0
Issuance of Common Stock For
   Services                                  0       1,500         1,500 

Changes in Operating Assets
   and Liabilities
  Increase in Interest Receivable       (2,500)          0        (2,505)
  Increase in Accounts Payable           6,460           0         6,460
  Increase in Accrued Interest
     Payable                               164           0           164
                                        ------       -----       -------

Net Cash Flows From Operations         (57,999)          0       (57,999)
                                      -------        -----       -------

Cash Flows From Investing
Activities:

Advances made to Related Entity       (115,000)           0     (115,000)

Net Cash Flows from Investing         (115,000)           0     (115,000)  
                                      --------        -----      -------

Cash Flows From Financing
   Activities:

Issuance of Common Stock               100,000            0      100,000
Monies received from Loans             100,000            0      100,000 
                                       -------        -----      -------

Cash Flows From Financing              200,000            0      200,000
                                       -------        -----      -------

Net Increase in Cash                   (72,999)           0      (72,999)
Cash At Beginning of Period            100,000            0      100,000 

Cash At End of Period Period            27,001            0       27,001


Non-Cash Activities:

Stock Issued For Services               $    0           $0       $1,500  
                                        ======          ===       ======
</TABLE>      

  The Accompanying Notes Are An Integral Part of These Unaudited Financial 
Statements.












<PAGE>8


                          PINNACLE RESOURCES, INC.
                        (FKA CLAREMONT HOUSE, CORP.)
                        A DEVELOPMENT STAGE COMPANY
                          Statement of Shareholders' Equity

<TABLE>
<CAPTION>
                                                                                  Deficit 
                                                                Capital Paid    Accumulated
                                    Number Of                    In Excess      During The  
                                     Common        Common           of          Development
                         NOTES       Shares         Stock       Par Value          Stage          Total
<S>                        <C>        <C>             <C>          <C>              <C>            <C>

Balance At 
   January 6, 1995        1,2           0            $0         $     0              $0          $     0
           
Issuance of Common Stock:
  January 1995 for Cash
  Advances Made On Behalf 
  of the Company & Services
  at $.01 Per Share         *       150,000           2           1,498                            1,500

Net (Loss)                                                                        (1,500)         (1,500)
                                    -------         ---         -------           ------         -------
Balance At June 30,
   1995, 1996                       150,000          $2          $1,498          ($1,500)             $0

Issuance Of Common Stock:
  June 26, 1997 for Cash
  At $.025 Per Share              4,000,000          40          99,960                0         100,000

Net (Loss)                                                                             0               0  
                                  ---------         ---          ------           ------         -------  

Balance At June 30,
   1995, 1996                     4,150,000         $42        $101,458          ($1,500)       $100,000
                                  =========         ===        ========           ======        
========
Net Loss                                                                         (62,118)

Balance at March 31,
   1998                           4,150,000         $42        $101,458          ($63,618)       $100,000
                                  =========         ===        ========           =======        
========

</TABLE>   
         
The Accompanying Notes Are An Integral Part of These Unaudited Financial 
Statements.









<PAGE>9

                          PINNACLE RESOURCES, INC.
                        (FKA CLAREMONT HOUSE, CORP.)
                        A DEVELOPMENT STAGE COMPANY
                          Notes To Unaudited Financial Statements
                     For the Six Month Period Ended December 31, 1997


Note 1 - Unaudited Financial Information

The unaudited financial information included for the three month and nine 
month period ended March 31, 1998 and 1997 and were taken from the books 
and records without audit.   However, such information reflects all 
adjustments (consisting only of normal recurring adjustments, which are of 
the opinion of management necessary to reflect properly the results of 
interim periods presented)   The results of operations for the three month 
and nine month periods ended March 31, 1998 are not necessarily indicative 
of the results expected for the year ended June 30,1998.

Note Receivable - Related Entity

In October 1997, monies were advanced to a related entity in the amount of 
$40,000.   These funds are accruing interest at a rate of 13% per annum.   
The funds were originally due to be repaid on April 22, 1998.  This note has 
been extended until October 22, 1998.

In March 1998, monies were advanced to a related entity in the amount of 
$75,000.   These funds are accruing interest at a rate of 10% per annum.  The 
funds are due to  be repaid on March 22, 1999.

Related Party Events;

When the Company organized in January 1995, stock was issued for services 
valued at $1,500.  This amount was treated as administrative fees.

Commencing July 1, 1997, the shareholders of the Company are providing office 
space to the Company for $300 per month.   The officers are providing 
services valued at $800 per month.

In July 1997, the Company paid $20,000 to a related party.   These monies 
were treated as professional fees.

In December 1997, the Company paid a related entity that provides office 
space and services $25,000.   Of this, $4,800 was treated as officer 
renumeration for the six months from July 1, 1997 through December 31, 1997 
and $1,800 was treated as rent for the same period.   The remaining $18,400 
was treated as other professional fees.










<PAGE>10

PART  I  (cont.)

Item  2.  Management's Discussion and Analysis of Financial
Condition and Results of Operations:


Trends and Uncertainties.   The financial statements have been prepared 
assuming that the Company will continue as a going concern.   The Company is 
in the development stage and has no operations as of March 31, 1998.   The 
deficiency in working capital as of March 31, 1998 raises substantial doubt 
about its ability to continue as a going concern. In the course of its 
development activities the Company has sustained continuing losses and 
expects such losses to continue for the foreseeable future.   The Company's 
management plans on advancing funds on an as needed basis and in the longer 
term revenues from the operations.   The 
Company's ability to continue as a going concern is dependent on these 
additional management advances, and, ultimately, upon achieving profitable 
operations. 

Until revenues commence, the Company shall raise funds through equity 
financing which may or not be successful.   The Company has tried to limit 
its general and administrative expenses.    The Company has little or no 
control as to the demand for its services and, as a result, inflation and 
changing prices could have a material effect on the future profitability of 
the Company.  

The Company will focus its financing and capital arrangement activities on 
emerging growth companies which plan to raise capital in the public markets 
within a reasonable short period of time, i.e., one to two years.   
Although the Company will initially target small mining companies due to its 
contacts in that industry, management has not identified any particular 
industry within which the Company will focus its efforts.   Rather, 
management intends to identify any number of candidates which may be brought 
to its attention through present associations or by word-of-mouth.   
Initially the Company intends to arrange sources of funding and finance for 
its prospective clients through established sources for such funds by acting 
as a finder or broker to the lender and as an arranger or financial 
consultant to the borrowing party.    In the emerging markets of South Africa 
and South America, opportunities exist where small mining companies seek 
funding from outside sources for capitalization because it is not available 
locally.

Management has over 70 years of combined business experience involving a 
variety of situations where financing and/or funding has been required in 
order to effectuate a mining opportunity.   Individually, management 
personnel has directly funded, underwritten or brokered financing for a 
number of mining prospects over the years, both in the domestic market as 
well as South Africa and South America.

Management believes that the Company will be able to successfully seek out 
potential candidates who are interested in obtaining loans from the Company 
in the immediate future.   This belief is based upon the perceived difficulty 
of many development and growth stage companies who require additional 
financing, but are unable to obtain the same from established sources, such 
as banking institutions and venture capitalists.   As interest rates begin to 
rise, management anticipates that those types of entities earmarked by the 
Company as possible clients will continue to seek out the Company as a 
lending source, as management views a potential borrower's borrowing base in 
a different light than banks.   For loans made by regulated commercial 
lenders, there is normally a structured review and evaluation of a 
prospective borrower's loan application by the lender, including an in-depth 
review of such application by a loan committee.   The loan committee will 
then approve or reject each application as it is submitted.   The evaluation 
and approval of loans depends on subjective factors and judgments, as well as 
objective criteria, such as loan to value ratios and independent appraisals, 
when appropriate or available.   The Company's loan committee consists of 
substantially fewer persons than a commercial lender and uses a less formal 
procedure than more traditional lenders.   It is possible that any such 
subjective factors and judgments may prove to be incorrect with a resulting 
loss of part or all of the Company's investment in any particular loan.   
However, as part of the consideration provided to the Company for issuance of 
its loans, the Company receives its interest and attempts to also obtain 
additional consideration in the form of equity or options or warrants in the 
borrower.   In the event the borrower's business plan proves successful, the 
Company may receive substantial returns as a result of this equity 
enhancement.

Most venture capitalists take an aggressive equity position far in excess of 
that of the Company and in many instances, takes an active role in the 
management of their clients.   Management believes that this makes venture 
capitalists unattractive to those types of entities with whom the Company 
does business.

The Company's ability to become a significant lender is impaired primarily by 
its own lack of capital with which to make loans.   While management would 
welcome the opportunity to make more loans for larger amounts, management 
finds itself in the same predicament as that of its prospective clients.  
That is, the lack of capital with which to fully implement the Company's 
business plan.    Management hopes that as the Company begins to make 
successful loans, its track record will allow the Company to attract 

<PAGE>11

either private investors seeking to invest in the business of the Company on 
a private basis, or that the Company will be able to attract an investment 
banker willing to underwrite a secondary offering of the Company's securities 
to generate additional capital.    There are no assurances that the Company 
will be able to attract either of the aforesaid entities to increase the 
Company's working capital.   If the Company is unable to obtain additional 
working capital, it is unlikely that the Company will generate any 
substantial growth in the near future.

Many existing computer programs use only two digits to identify a year in the 
date field.   These programs were designed and developed without considering 
the impact of the upcoming change in the century.  If not corrected, many 
computer applications could fail or create erroneous results by or at the 
Year 2000.   As a result, many companies will be required to undertake major 
projects to address the Year 2000 issue.   Because the Company has nominal 
assets, including no personal property such as computers, it is not 
anticipated that the Company will incur any negative impact as a result of 
this potential problem.   However, it is possible that this issue may have an 
impact on the Company after the Company successfully consummates a merger or 
acquisition.

Capital Resources and Source of Liquidity.    The Company currently has no 
material commitments for capital expenditures.   As of July 1997, the Company 
pays $300 rent per month for its current office space.    An increase in 
lease payments could have negative effect on the cash flow and liquidity of 
the Company.

On June 26, 1997, the Company sold 4,000,000  at $.025 per Common Share for 
an aggregate of $100,000.  At June 30, 1997, the Company had working capital 
of $100,000 consisting of $100,000 in current assets and $0 in current 
liabilities.   The Company received a loan of $100,000 in March, 1998.   For 
the nine month period ended March 31, 1998, the Company advanced a related 
party $115,000 resulting in net cash flows used in financing activities of 
$115,000.   At March 31, 1998, the Company had working capital of $37,882 
consisting of $144,506 in current assets and $106,624 in liabilities.  The 
Company has no long-term liabilities.

Results of Operations.   The Company expects to earn consulting fees, 
commissions, brokerage points and equity participation for having acted as an 
arranger and go-between from having effectuated a financing package on behalf 
of a client and a funding source.  To date, the Company has not yet commenced 
operations or received any revenues.   The Company had a net loss for the 
nine months ended March 31, 1998 of $62,118.   The Company had an increase of 
$2,505 in interest receivable for the nine months ended March 31, 1998, an 
increase in accounts payable of $6,460 and an increase in accrued interest 
payable of $164.  As a result, the Company had net cash flows from operations 
of $(57,999) for the nine months ended March 31, 1998.

For the nine months ended March 31, 1997, the Company had a net loss of 
$1,500 and issued stock for services valued at $1,500.  This resulted in net 
cash flows from operations of $0.00 for the nine months ended March 31, 1997.

Plan of Operation.    The Company is not delinquent on any of its obligations 
even though the Company has not yet begun to generate revenue.  The Company 
will identify and subsequently qualify prospective clients.   Current 
operations require minimal cash infusions.   The Company may borrow funds or 
obtain equity financing from affiliated persons or entities to continue 
operations, if necessary.   The Company intends to market its services 
utilizing cash made available from the recent private sale of its Common 
Shares.   The Company is of the opinion that revenues from its services along 
with proceeds of the private sale of its securities will be sufficient to pay 
its expenses until receipt of revenues at a level to sustain operations.











<PAGE>12
                    PINNACLE RESOURCES, INC.

                                   PART II


Item  6.  Exhibits  and  Reports  on  Form  8-K

     (a)          Exhibits  (numbered  in  accordance  with  Item  601  of
          Regulation  S-K)

          None

     (b)          Reports  on  Form  8-K

          None

















<PAGE>13

                                  SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this  report to be signed on its behalf by the
undersigned thereunto duly authorized.




Date:  May 26,  1998                       /s/  Glen "Trig" Gamble

                                             ---------------------------
                                             Glen "Trig" Gamble,  President