**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**





**FORM
      10-QSB**





(Mark
      One)





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





For
      the
      quarterly period ended September 30, 2007





**[  
                ]**
            **TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT**





For
      the
      transition period from _______ to_______





Commission
      file number: 333-146163





**OSLER
      INCORPORATED**


(Exact
      name of small business issuer as specified in its charter)





**Nevada**
            
            **20-8195637**(State
                or other jurisdiction of
            
            (IRS
                Employer Identification No.)incorporation
                or organization)





**1864
      Portage Avenue, Suite 103**


**Winnipeg,
      Manitoba, R3J 0H2**


(Address
      of principal executive offices)





**(204)
      951-1544**


(Registrant's
      telephone number)





Check
      whether the registrant (1) has 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
      [   ]





As
      of
      September 30, 2007 the issuer had 54,800,000 shares of common stock, $0.001
      par
      value per share outstanding ("Common Stock").





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





Transitional
      Small Business Disclosure Format (Check one): Yes [  
]   No [X]



















**PART
      I. FINANCIAL INFORMATION**





**ITEM
      1. FINANCIAL STATEMENTS**







**OSLER
      INCORPORATED**


**(An
      Exploration Stage Company)**


**BALANCE
      SHEET**


**September
      30, 2007**




ASSETSCurrent
                assets:Cash
            
            $
            6,438Total current assets
              Property
                and equipment, net
            
            $
            6,438
              3,565Total
                assets
            
            $
            10,003LIABILITIES
                AND STOCKHOLDERS' DEFICITCurrent
                liabilities:Accounts
                payable and accrued liabilities
              Notes
                payable
            
            $
            1,800
              10,450Total current liabilities
            
            
            12,250Total
                liabilities
            
            
            12,250STOCKHOLDERS'
                DEFICIT:Common
                stock, $.001 par value, 75,000,000 shares authorized, 54,800,000
                shares
                issued and outstanding
            
            
            54,800Additional
                paid-in-capital
            
            
            (27,000
            )Deficit
                accumulated during the exploration stage
            
            
            (30,047
            )Total
                stockholders' deficit
            
            
            (2,447
            )Total liabilities and stockholders'
                deficit
            
            $
            10,003




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















**OSLER
      INCORPORATED**


**(An
      Exploration Stage Company)**


**STATEMENTS
      OF OPERATIONS**


**For
      the three months ended September 30, 2007 and 2006,**


**and
      Period from July 30, 2004 (Inception) through September 30,
      2007**




Three
                months ended
              September
                30, 2007
            
            
            Three
                months ended
              September
                30, 2006
            
            
            Inception
                through
              September
                30, 2007Cost
                and expenses:Mineral
                exploration
            
            $
            -
            
            
            $
            -
            
            
            $
            3,500General
                and administrative
            
            
            16,176
            
            
            
            -
            
            
            
            26,547Loss
                from operations
            
            
            (16,176
            )
            
            
            -
            
            
            
            (30,047
            )Net
                loss
            
            $
            (16,176
            )
            
            $
            -
            
            
            $
            (30,047
            )Net
                loss per share:Basic
                and diluted
            
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
                average shares outstanding:Basic
                and diluted
            
            
            54,800,000
            
            
            
            30,000,000




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









**OSLER
      INCORPORATED**


**(An
      Exploration Stage Company)**


**STATEMENTS
      OF CASH FLOWS**


**For
      the three months ended September 30, 2007 and 2006,**


**and
      Period from July 30, 2004 (Inception) through September 30,
      2007**




Three
                months ended
              September
                30, 2007
            
            
            Three
                months ended
              September
                30, 2006
            
            
            Inception
                through
              September
                30, 2007CASH
                FLOWS FROM OPERATING ACTIVITIES:Net
                loss
            
            $
            (16,176
            )
            
            $
            -
            
            
            $
            (30,047
            )Adjustments
              to reconcile net loss to cash used in operating
              activities:Depreciation
              Expense
            
            
            
            
            
            
            
            
            
            
            170Net
                change in:Accounts
                Payable
            
            
            (1,555
            )
            
            
            -
            
            
            
            1,800CASH
                FLOWS USED IN OPERATING ACTIVITIES
            
            
            (17,731
            )
            
            
            -
            
            
            
            (28,077
            )CASH
                FLOWS FROM INVESTING ACTIVITIES:Property
                & equipment
            
            
            -
            
            
            
            -
            
            
            
            (3,735
            )CASH
                FLOWS USED IN INVESTING ACTIVITIES
            
            
            (1,555
            )
            
            
            -
            
            
            
            (3,735
            )CASH
                FLOWS FROM FINANCING ACTIVITIES:Cash
                received from shareholders advances
            
            
            -
            
            
            
            -
            
            
            
            10,450Cash
                received from common stock
            
            
            -
            
            
            
            -
            
            
            
            27,800CASH
                FLOWS PROVIDED BY FINANCING ACTIVITIES
            
            
            -
            
            
            
            -
            
            
            
            38,250NET
                INCREASE (DECREASE) IN CASH
            
            $
            (17,731
            )
            
            
            -
            
            
            
            6,438Cash,
                beginning of period
            
            
            24,169
            
            
            
            -
            
            
            
            -Cash,
                end of period
            
            $
            6,438
            
            
            
            -
            
            
            $
            6,438SUPPLEMENTAL
                CASH FLOW INFORMATION




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









**OSLER
      INCORPORATED**


**(An
      Exploration Stage Company)**


**NOTES
      TO THE FINANCIAL STATEMENTS**


**September
      30, 2007**




Note
      1 Basis
      of Presentation




The
      accompanying unaudited interim
      financial statements of Osler Incorporated ("Osler" or the "Company") have
      been
      prepared in accordance with accounting principles generally accepted in the
      United States of America and the rules of the Securities and Exchange Commission
      ("SEC"), and should be read in conjunction with the audited financial statements
      and notes thereto contained in the Company's Registration Statement filed with
      the SEC on Form SB-2. In the opinion of management, all adjustments, consisting
      of normal recurring adjustments, necessary for a fair presentation of financial
      position and the results of operations for the interim periods presented have
      been reflected herein. The results of operations for our interim periods are
      not
      necessarily indicative of the results to be expected for the full year. Notes
      to
      the financial statements that would substantially duplicate the disclosure
      contained in the audited financial statements for fiscal 2007, as reported
      in
      the Form SB-2, have been omitted.







Note
      2                 Related
      Party Transactions




The
      Company was charged the following by a director of the Company:





July
                30, 2004Inception
                toThree
                months ended September 30,
            
            September
                30,2007
            
            2006
            
            2007Management
                fees
            $                                  3,000
            
            $                                         -
            
            $                                  3,000




The
      related party loan is due to a director of the Company for funds
      advanced.  The loan is unsecured, non-interest bearing and has no
      specific terms for repayment.




From
      July
      30, 2004 (inception) through September 30, 2007, the Company issued 30,000,000
      common shares for $3,000 to a director of the Company.





**ITEM
      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATION**





CERTAIN
      STATEMENTS IN THIS QUARTERLY REPORT ON FORM 10-QSB (THIS "FORM 10-QSB"),
      CONSTITUTE "FORWARD LOOKING STATEMENTS" WITHIN THE MEANING OF SECTION 27A OF
      THE
      SECURITIES ACT OF 1934, AS AMENDED, AND THE PRIVATE SECURITIES LITIGATION REFORM
      ACT OF 1995 (COLLECTIVELY, THE "REFORM ACT"). CERTAIN, BUT NOT NECESSARILY
      ALL,
      OF SUCH FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF
      FORWARD-LOOKING TERMINOLOGY SUCH AS "BELIEVES", "EXPECTS", "MAY", "SHOULD",
      OR
      "ANTICIPATES", OR THE NEGATIVE THEREOF OR OTHER VARIATIONS THEREON OR COMPARABLE
      TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES.
      SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
      AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
      ACHIEVEMENTS OF OSLER INCORPORATED ("OSLER", "THE COMPANY", "WE", "US" OR "OUR")
      TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
      EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. REFERENCES IN THIS
      FORM
      10-QSB, UNLESS ANOTHER DATE IS STATED, ARE TO SEPTEMBER 30, 2007.





**History:**





Osler
      Incorporated (“we,” “us,” and the “Company”) are a gold and silver exploration
      company incorporated on July 30, 2004 in the State of Nevada.  On
      April 5, 2007 we acquired the Far 1 – 4 mineral claims comprising 82.64 acres
      (approximately 33.44 hectares) in Esmeralda County, in the State of Nevada
      from
      James McLeod (the “Far” property).





In
      April
      2007, we engaged James W. McLeod, Professional Geoscientist, who is familiar
      with the Esmeralda County area in Nevada, to develop a report about our Far
      1 –
4 mineral claims.  The report entitled “*Review and
      Recommendations, Far 1- 4 Mineral Claims*” dated April 5, 2007 describes the
      mineral claims, the regional geology, the mineral potential of the claim and
      recommendations on how we should explore the claims.





The
      potential economic significance of the mineral claims is that according to
      our
      consulting geologist's report, the geology and aeromagnetic data of the mineral
      claims suggests some bedrock faulting may have affected the area.





**Description
      and Location of Property**





The
      Far 1
      - 4 mineral claims consist of 4 located mineral claims in one contiguous group,
      comprising a total of 82.64 acres (33.44 hectares) as follows:





**Name**
            **Area**
              ***(acres)***
            **Expiry
                Date**Far
                1
            20.66
            September
                1, 2008*Far
                2
            20.66
            September
                1, 2008*Far
                3
            20.66
            September
                1, 2008*Far
                4
            20.66
            September
                1, 2008*





*The
      Far
      1 - 4 mineral claims currently have an expiration date of September 1, 2008
      and
      in order to maintain the claims in good standing it will be necessary for us
      to
      coordinate an agent to perform and record an Affidavit of Annual Assessment
      Work
      for the claims with a minimum expenditure of $100 per claim, or alternatively,
      to file an Affidavit and Notice of Intent to Hold Mining Claim and Site,
      together with an annual maintenance fee to the U.S. Bureau of Land Management
      in
      the sum of $125 per claim, and a county recorders fee of between $8.50 to $10.50
      per claim.  Failure to perform and record valid exploration
      work or pay the equivalent maintenance fees on the anniversary dates will result
      in forfeiture of title to the claims. 
 The
        mineral claim area is located in Esmeralda County, Nevada on the Split Mountain
        71/2° map sheet.  At the center of the property the latitude is 37°
40.600'N and the longitude is 117° 25.167'W.  The Far 1 - 4 mineral
        claims lie approximately 9 air miles west-southwest of Goldfield,
        Nevada.








**Competitive
      Conditions**





The
      mineral exploration business is a competitive industry.  We are
      competing with many other exploration companies looking for
      minerals.  We compete with numerous other companies which have
      resources far in excess of ours.  Being a junior mineral exploration
      company, we compete with such other companies for financing and joint venture
      partners and exploration resources including professional geologists, camp
      staff, and mineral exploration supplies.





**Employees**





We
      do not
      have any employees other than Greg Chapman.  We intend to retain the
      services of independent geologists, prospectors and consultants on a contract
      basis to conduct the exploration programs on our Far 1 - 4 mineral
      claims.








**PLAN
      OF OPERATIONS**





The
      following discussion should be read in conjunction with our financial
      statements.





**PLAN
      OF OPERATION FOR THE NEXT TWELVE MONTHS**





Our
      plan
      of operations for the next twelve months is to complete the following objectives
      within the time periods specified, subject to our obtaining any additional
      funding necessary for the continued exploration of our Far 1 - 4 mineral claims,
      of which there can be no assurance.  Currently we do not have enough
      cash on hand to complete the first phase of our proposed exploration program
      (described below), nor do we have enough funds to carry out Phase 2 and Phase
      3
      of our proposed exploration program or any additional exploration work if the
      results of the proposed exploration program are successful at this time, but
      we
      plan to take steps to raise additional funds in the future through the sale
      of
      equity and/or debt, of which there can be no assurance.  Although we
      believe we can operate until March 2008 with cash currently on hand, we estimate
      that we will need $70,000 of additional funds to continue our operations for
      the
      next twelve months.  Additionally, we will need to raise at least
      $10,000 in additional capital to conduct our Phase 1 exploration activities,
      which we can provide no assurances will be raised, on favorable terms, if at
      all. The following is a brief summary of our proposed exploration
      program:





1. As
      recommended by our consulting geologist, we plan to implement a three phase
      exploration program on our Far mineral claims at a total approximate cost of
      $60,000, as follows:





(a)
            In
                January or February 2008, funding permitting, we hope to carry out
                Phase 1
                of the program which will consist of detailed prospecting, mapping
                and
                Mobile Metal Ion (“MMI”) soil geochemistry at a total cost of
                approximately $10,000, which we do not currently
                have.  This phase is expected to take 30 – 45 days to complete,
                which includes turn around time on the soil sample analyses, that
                will be
                conducted exclusively in Australia;





(b)
            Phase
                2 of the program will consist of magnetometer and Vertical Loop (“VLF”)
                electromagnetic, grid controlled surveys over the areas of interest
                determined by the Phase I survey, at a total cost of approximately
                $15,000.  Included in the estimated cost is transportation,
                accommodation, board, grid installation, maps and a
                report.  This phase is expected to take two weeks to
                complete;




(c)
            Depending
                upon positive results from Phase I and Phase 2, we plan to carry
                out Phase
                3 of the proposed work program.  Phase 3 will consist of induced
                polarization and electromagnetic resistivity surveys over grid controlled
                anomalous areas of interest outlined in the Phase 1 and Phase 2 field
                work
                at a total cost of approximately $35,000.  The estimated time to
                complete this phase is three weeks.








As
      of
      September 30, 2007 we had a cash balance of $6,438.  Currently we do
      not have enough cash on hand to complete Phase 1 of our proposed exploration
      program.  If we are able to raise sufficient capital to complete the
      first phase of our exploration program, and such phase is successful, we will
      likely still have to raise additional funds so that our next phases of
      exploration can commence.  We plan to take steps to raise additional
      funds in the future through the sale of equity and/or debt, of which there
      can
      be no assurance





During
      the next 12 months, we do not anticipate generating any revenue.  We
      anticipate that any additional funding will come from equity financing from
      the
      sale of our common stock, debt financing or the sale of part of our interest
      in
      our Far 1 - 4 mineral claims.  If we are successful in completing an
      equity financing, existing shareholders will experience dilution of their
      interest in our company.  We do not have any financing arranged and we
      cannot provide investors with any assurance that we will be able to raise
      sufficient funding from the sale of our common stock to fund our third phase
      exploration program, on favourable terms, if at all.  In the absence
      of such financing, our business will fail.  We may consider entering
      into a joint venture partnership by partnering with a major resource company
      to
      provide the required funding to complete our continued exploration of our Far
      1
      - 4 mineral claims.  We have not undertaken any efforts to locate a
      joint venture partner.  If we enter into a joint venture arrangement,
      we will assign a percentage of our interest in our mineral claim to the joint
      venture partner.





Based
      on
      the nature of our business, we anticipate incurring operating losses in the
      foreseeable future.  We base this expectation, in part, on the fact
      that very few mining claims in the exploration stage ultimately develop into
      producing, profitable mines.  Our future financial results are also
      uncertain due to a number of factors, some of which are outside our
      control.  These factors include, but are not limited to:





·
            our
                ability to raise additional
                funding;





·
            the
                market price for gold;





·
            the
                results of our proposed exploration programs on the mining claims;
                and





·
            our
                ability to find joint venture partners for the development of our
                mining
                claim interests.





Due
      to
      our lack of operating history and present inability to generate revenues, our
      auditors have stated their opinion that there currently exists substantial
      doubt
      about our ability to continue as a going concern.





**Three
      Phase Exploration Program Cost Review**





A
      recommended three phase exploration program is proposed.  The costs
      described which include detailed prospecting, Mobile Metal Ion (“MMI”) soil
      geochemistry, magnetometer and Vertical Loop (“VLF”) electromagnetic surveys,
      and induced polarization and electromagnetic resistivity surveys make up the
      three phase program.  The following summarizes each phase of
      exploration:





Phase
      1





Detailed
      prospecting, mapping and MMI soil geochemistry. This program is expected to
      take
      30-45 days to complete, including turnaround time on the soil sample analyses
      that are conducted exclusively in Australia.








*Estimated
      Cost:                                $
      10,000*





Phase
      2





Magnetometer
      and VLF electromagnetic, grid controlled surveys over the areas of interest
      determined by the Phase 1 survey. This program is expected to take two weeks
      to
      complete. Included in this estimated cost is transportation, accommodation,
      board, grid installation, maps and report.





*Estimated
      Costs:                              $
      15,000*





Phase
      3





Induced
      polarization (IP) and  electromagnetic (EM)- resistivity surveys over
      grid controlled anomalous areas of interest outlined by the Phase 1&2
      fieldwork.  The estimated time to complete this phase is three weeks.
      Includes assays, maps and reports.





*Estimated
      Costs:                              $
      35,000*




**Total
      Costs:                                $
      60,000**








**COMPARISON
      OF OPERATING RESULTS**





**THREE
      MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO THE THREE MONTHS ENDED SEPTEMBER
      30,
      2006**





We
      did
      not generate any revenue for the three months ended September 30, 2007 or 2006,
      nor for the period from inception, July 30, 2004 through September 30,
      2007.





We
      had
      total operating expenses of $16,176 for the three months ended September 30,
      2007, compared to total operating expenses of $0 for the three months ended
      September 30, 2006, an increase in total operating expenses of $16,176 from
      the
      prior period.  The main reason for the increase in operating expenses
      was increased expenses associated with the preparation, review and audit of
      our
      Form SB-2 Registration Statement and related financial statements during the
      three months ended September 30, 2007, which expenses were not present during
      the three months ended September 30, 2006.





We
      had a
      net loss of $16,176 for the three months ended September 30, 2007, compared
      to a
      net loss of $0 for the three months ended September 30, 2006, an increase
      in net loss of $16,176 from the prior period.





We
      currently anticipate having a net loss for each quarterly and annual period
      moving forward until and unless we are able to generate any revenues through
      the
      sale of minerals, of which there can be no assurance.





**LIQUIDITY
      AND CAPITAL RESOURCES**





At
      September 30, 2007 we had cash of $6,438.  There are no assurances
      that we will be able to achieve further sales of our common stock or any other
      form of additional financing.  If we are unable to achieve the
      financing necessary to continue our plan of operations, then we will not be
      able
      to continue our exploration of the Far 1 - 4 mineral claims and our business
      will fail.





We
      had
      property and equipment, net of $3,565 as of September 30, 2007, which
      represented a laptop computer and office furniture.





We
      had
      $12,250 of total liabilities as of September 30, 2007, representing $1,800
      of
      accounts payable and accrued liabilities and $10,450 of note payable, which
      amount is due to Mr. Chapman in connection with personal funds advanced to
      the
      Company.  The loan is unsecured, non-interest bearing and payable on
      demand.





We
      had a
      working capital deficiency of $5,812 and a deficit accumulated during the
      exploration stage of $30,047 as of September 30, 2007.





We
      had
      $17,731 of net cash flows used in operating activities for the year ended
      September 30, 2007, which included $16,176 of net loss plus $1,555 of changes
      in
      accounts payable.





We
      have
      no current commitment from our officers and Director or any of our shareholders
      to supplement our operations or provide us with financing in the future. Greg
      Chapman, our Chief Executive Officer, has, however, verbally pledged to continue
      loaning us funds on an as needed basis to maintain our corporate filings and
      for
      general working capital.  Mr. Chapman’s pledge is not an assurance and
      is not binding on Mr. Chapman in any way.  As such, Mr. Chapman
      reserves the right to and may discontinue funding operations at any time, at
      which time we will need to raise additional capital, which capital may not
      be
      available on favorable terms, if at all.





If
      we are
      unable to raise additional capital from conventional sources and/or additional
      sales of stock in the future, we may be forced to curtail or cease our
      operations. Even if we are able to continue our operations, the failure to
      obtain financing could have a substantial adverse effect on our business and
      financial results.  Currently we believe we can operate until
      approximately March 2008 with our cash on hand and with additional loans from
      Mr. Chapman.  However, we estimate that we will need approximately
      $70,000 of additional funds to continue our operations for the next twelve
      months, and will need to raise at least $10,000 to complete our Phase 1
      exploration activities.





In
      the
      future, we may be required to seek additional capital by selling debt or equity
      securities, selling assets, or otherwise be required to bring cash flows in
      balance when we approach a condition of cash insufficiency. The sale of
      additional equity or debt securities, if accomplished, may result in dilution
      to
      our then shareholders. We provide no assurance that financing will be available
      in amounts or on terms acceptable to us, or at all.





**RISK
      FACTORS**





**If
      we do not obtain additional financing, our business may
      fail.**





We
      do not
      have sufficient financing to complete any phases of our planned exploration
      program on our Far 1 - 4 mineral claims, and we will need approximately $55,000
      in additional financing in order to complete phases one, two, and three of
      such
      exploration program (described below under Management’s Discussion and Analysis
      or Plan of Operation”).  We plan to conduct our Phase 1 activities in
      January or February 2008, funding permitting, however, we do not currently
      have
      sufficient funding to begin and/or complete such exploration, and will need
      to
      raise at least $10,000 prior to us being able to begin such exploration
      phase.





Our
      business plan calls for significant expenses in connection with the exploration
      of our mineral claim and we do not currently have any commitments from our
      management, shareholders or any third parties to provide us with funding, other
      than a non-binding, verbal commitment from our Chief Executive Officer, nor
      have
      we made any arrangements to secure any additional financing to
      date.  If we are unable to raise additional funds, we will not be able
      to begin to and/or continue to explore and develop our mineral property and
      our
      business may fail and as a result, any investment in the Company could become
      worthless.





**Our
      failure to make required work expenditures or pay the annual fees in lieu
      thereof could cause us to lose title to our mineral claims, which could prevent
      us from carrying out our business plan.**





The
      Far 1
      - 4 mineral claims currently have an expiration date of September 1, 2008 and
      in
      order to maintain the claims in good standing it will be necessary for us to
      coordinate an agent to perform and record an Affidavit of Annual Assessment
      Work
      for the claims with a minimum expenditure of $100 per claim, or alternatively,
      to file an Affidavit and Notice of Intent to Hold Mining Claim and Site,
      together with an annual maintenance fee to the U.S. Bureau of Land Management
      in
      the sum of $125 per claim, and a county recorders fee of between $8.50 to $10.50
      per claim.  Failure to perform and record valid exploration work or
      pay the equivalent maintenance fees on the anniversary dates will result in
      forfeiture of title to the claims, which could prevent us from carrying out
      our
      business plan and would likely cause any investment in us to become
      worthless.





**We
      rely upon key personnel and if he leaves us, our business plan and results
      of
      operations could be adversely affected.**





We
      rely
      heavily on our Chief Executive Officer, Chief Financial Officer, Secretary,
      Treasurer and Director, Greg Chapman for our success. His experience and input
      create the foundation for our business and he is responsible for the
      directorship and control over our exploration activities. We do not currently
      have an employment agreement or "key man" insurance policy on Mr. Chapman.
      Moving forward, should we lose the services of Mr. Chapman, for any reason,
      we
      will incur costs associated with recruiting a replacement and delays in our
      operations. If we are unable to replace him with another suitably trained
      individual or individuals, we may be forced to scale back or curtail our
      business plan and exploration activities. As a result of this, your investment
      in us could become devalued or worthless.





**Greg
      Chapman, our sole officer and Director will be subject to conflicts of interest
      between our company and several other companies he currently serves as officers
      and Directors of.**





In
      addition to serving as our sole officer and Director, Mr. Chapman serves as
      the
      sole officer and Director of Hague Corp. (“Hague”), a company which plans to
      conduct exploration activities on mineral properties close to ours, file a
      Form
      SB-2 registration statement similar to ours and eventually have its common
      stock
      quoted on the OTCBB bulletin board like us.  In addition to his
      service to our company and Hague Corp., Mr. Chapman serves as the owner, manager
      and operator of CFM Accounting in Winnipeg, Manitoba (“CFM”).  Mr.
      Chapman’s service to Hague and CFM take approximately 16 hours per week, and as
      a result the amount of time Mr. Chapman has to spend on Company matters,
      currently estimated at 8 hours per week, could be limited.  Conflicts
      of interest may also exist between Mr. Chapman’s service to us and Hague, as we
      may both compete for the services of various consultants, future mining claims
      (funding permitting,
      if our management feels purchasing additional mining claims is in our best
      interest) and/or suppliers.  Investors should keep in mind that Mr.
      Chapman has interests outside of the Company, which include Hague, which whom
      we
      may directly compete in the future, and as such, the amount of time Mr. Chapman
      is able to spend on the Company’s operations may be limited.  As a
      result, we could be forced to find additional management personnel and/or
      curtail or abandon our business plan.








**We
      will be subject to numerous risks if we commence mining operations, of which
      there can be no assurance.**





The
      mineral exploration and mining business is competitive in all of its phases.
      We
      currently have no mining operations of any kind; however, if we do commence
      mining activities in the future, we will be subject to numerous risks,
      including:





o
       competitors with greater financial, technical and other resources, in the
      search for and the acquisition of attractive mineral properties;





o
       our ability to select and acquire suitable producing properties or
      prospects for mineral exploration;





o
       the accuracy of our reserve estimates, if any, which may be affected by
      the following factors beyond our control:





-
      declines in the market price of the various metals we mine;





-
      increased production or capital costs;





-
      reduction in the grade or tonnage of the deposit;





-
      increase in the dilution of the ore; or





-
      reduced
      recovery rates;





o
       risks and hazards associated with environmental hazards, political and
      country risks, civil unrest or terrorism, industrial accidents, labor disputes,
      unusual or unexpected geologic formations, cave-ins, explosive rock failures;
      and flooding and periodic interruptions due to inclement or hazardous weather
      conditions; and





o
       our failure to maintain insurance on certain risks associated with any
      exploration activities we may undertake in the future.





If
      we do
      begin exploration activities in the future, of which there can be no assurance,
      we will be subject to the above risks. If any of the above risks occur, we
      may
      be forced to curtail or abandon our operations and/or exploration and
      development activities, if any. As a result, any investment in us could decrease
      in value and/or become worthless.





**Our
      determinations of whether our planned activities and estimates of potential
      reserves, if any, may be inaccurate.**





We
      are
      currently in the exploration stage. Before we can begin a development project,
      if ever, we must first determine whether it is economically feasible to do
      so.
      This determination is based on estimates of several factors,
      including:





o
      expected recovery rates of metals from the ore;


o
      facility and equipment costs;


o
      capital
      and operating costs of a development project;


o
      future
      metals prices;


o
      currency exchange and repatriation risks;


o
      tax
      rates;


o
      inflation rates;


o
      political risks and regulatory climate in Canada; and


o
      availability of credit.








Any
      development projects we may undertake in the future will likely not have an
      operating history upon which to base these estimates and as a result, actual
      cash operating costs and returns from a development project, if any, may differ
      substantially from our estimates. Consequently, it may not be economically
      feasible to continue with a development project, if one is started.





**Our
      planned mineral exploration efforts are highly
      speculative.**





Mineral
      exploration is highly speculative. It involves many risks and is often
      nonproductive. Even if we believe we have found a valuable mineral deposit,
      it
      may be several years before production is possible. During that time, it may
      become no longer feasible to produce those minerals for economic, regulatory,
      political, or other reasons. Additionally, we may be required to make
      substantial capital expenditures and to construct mining and processing
      facilities. As a result of these costs and uncertainties, we may be unable
      to
      start, or if started, to finish our exploration activities.





**Our
      property has not produced any commercial reserves or ore body, and the
      probability of such property producing any commercially viable reserves in
      the
      future is remote.**





Our
      mineral project is in the exploration stage as opposed to the development stage
      and we have no known body of economic mineralization. The known mineralization
      at these projects has not been determined to be economic ore. Until further
      exploration activities can be conducted, there can be no assurance that a
      commercially mineable ore body exists on any of our properties. In order to
      carry out exploration and development programs of any economic ore body and
      place it into commercial production, we will be required to raise substantial
      additional funding, and even if we are successful in completing our exploration
      activities on our property, we may not be successful in finding commercial
      quantities of minerals. Furthermore, the probability of an individual prospect
      ever having reserves or being commercially viable is extremely remote. As a
      result, there is only a small probability that any of our properties contain
      any
      reserves and that any funds spent on exploration activities will ever be
      recovered.





**Mining
      operations in general involve a high degree of risk, which we may be unable,
      or
      may not choose to insure against, making exploration and/or development
      activities we may pursue subject to potential legal liability for certain
      claims.**





Our
      operations are subject to all of the hazards and risks normally encountered
      in
      the exploration, development and production of minerals. These include unusual
      and unexpected geological formations, rock falls, flooding and other conditions
      involved in the drilling and removal of material, any of which could result
      in
      damage to, or destruction of, mines and other producing facilities, damage
      to
      life or property, environmental damage and possible legal liability. Although
      we
      plan to take adequate precautions to minimize these risks, and risks associated
      with equipment failure or failure of retaining dams which may result in
      environmental pollution, there can be no assurance that even with our
      precautions, damage or loss will not occur and that we will not be subject
      to
      liability which will have a material adverse effect on our business, results
      of
      operation and financial condition. If this were to happen, we could be forced
      to
      curtail or abandon our business activities.





**Because
      we have only recently commenced business operations, we face a high risk of
      business failure and this could result in a total loss of your
      investment.**





We
      have
      not begun the initial stages of exploration of our mineral claims, and thus
      have
      no way to evaluate the likelihood whether we will be able to operate our
      business successfully.  We were incorporated on July 30, 2004 and to
      date have been involved primarily in organizational activities, obtaining
      financing and acquiring our mineral claims.  We have not earned any
      revenues and we have never achieved profitability as of the date of this
      prospectus.  Potential investors should be aware of the difficulties
      normally encountered
      by new mineral exploration companies and the high rate of failure of such
      enterprises.  The likelihood of success must be considered in the
      light of problems, expenses, difficulties, complications and delays encountered
      in connection with the exploration of the mineral property that we plan to
      undertake.  These potential problems include, but are not limited to,
      unanticipated problems relating to exploration and additional costs and expenses
      that may exceed current estimates.  We have no history upon which to
      base any assumption as to the likelihood that our business will prove
      successful, and we can provide no assurance to investors that we will generate
      any operating revenues or ever achieve profitable operations.  If we
      are unsuccessful in addressing these risks our business will likely fail and
      your securities will become worthless.








**Because
      we have only recently commenced business operations, we expect to incur
      operating losses for the foreseeable future.**





We
      have
      never earned any revenue and we have never been profitable. Prior to completing
      exploration on our Far 1 - 4 mineral claims, we may incur increased operating
      expenses without realizing any revenues from our claims, causing us to incur
      operating losses for the foreseeable future.  If our operating losses
      continue for a sustained period our business may fail.





**Because
      of the speculative nature of mineral exploration, there is substantial risk
      that
      no commercially viable gold or silver deposits will be found and our business
      will fail.**





Exploration
      for gold and silver is a speculative venture involving substantial
      risk.  We can provide investors with no assurance that our Far 1 - 4
      mineral claims contain commercially viable gold or silver
      deposits.  The exploration program that we will conduct on our claims
      may not result in the discovery of commercially viable gold or silver
      deposits.  Problems such as unusual and unexpected rock formations and
      other conditions are involved in gold and silver exploration, which often result
      in unsuccessful exploration efforts.  In such a case, we may be unable
      to complete our business plan and any investment in us may become
      worthless.





**Because
      of the inherent dangers involved in gold and silver exploration, there is a
      risk
      that we may incur liability or damages as we conduct our
      business.**





The
      search for gold and silver involves numerous hazards.  As a result, we
      may become subject to liability for such hazards, including pollution, cave-ins
      and other hazards against which we cannot insure or against which we may elect
      not to insure.  We currently have no such insurance nor do we expect
      to get such insurance for the foreseeable future.  If a hazard were to
      occur, the costs of rectifying the hazard may exceed our asset value and cause
      us to liquidate all our assets causing our business to fail.





**As
      we undertake exploration of our mining claims, we will be subject to compliance
      of government regulation that may increase the anticipated time and cost of
      our
      exploration program.**





There
      are
      several governmental regulations that materially restrict the exploration of
      minerals.  We will be subject to the mining laws and regulations as
      contained in the Chapter 519A of the Nevada Revised Statutes as we carry out
      our
      exploration program.  We may be required to obtain work permits and
      perform remediation work for any physical disturbance to the land in order
      to
      comply with these regulations.  While our planned exploration program
      budgets for regulatory compliance, there is a risk that new regulations could
      increase our time and costs of doing business and prevent us from carrying
      out
      our exploration program.





**Our
      planned exploration and development activities may be adversely affected by
      inclement weather in and around our claims.**





The
      temperatures on our claims can range between a low of -20 degrees Fahrenheit
       in the winter to a high of 100+ degrees Fahrenheit in the summer.
      Snow may be present on the ground from December to February, and this presence
      may hamper a year-round exploration and/or development program, and/or cause
      us
      to spend additional resources to heat and/or remove snow from our operations,
      if
      any.




Additionally,
        inclement weather at the airports in and around our claims may make it more
        difficult for us to obtain the materials we will require for any of our planned
        exploration activities, and/or for our personnel to visit our claims. As
        a
        result, if there is an abnormal amount of snowfall and/or inclement weather
        on
        our claims or particularly bad winter weather at the airports surrounding
        our
        claims, we could be forced to expend additional finances dealing with such
        snow
        on our claims and with the delays such abnormal snowfall could have on our
        then
        operations, if any. The expense of additional monies could cause our revenues,
        if any to decline and/or cause us to curtail or abandon our business
        operations.








**Because
      our management has no experience in the mineral exploration business we may
      make
      mistakes and this could cause our business to fail.**





Our
      President has no previous experience operating an exploration or a mining
      company and because of this lack of experience he may make
      mistakes.  Our management lacks the technical training and experience
      with exploring for, starting, or operating a mine.  We rely on
      information provided by our geologist in our attempt to carry out exploration
      on
      our Far 1 - 4 mineral claims.   With no direct training or
      experience in these areas our management may not be fully aware of the many
      specific requirements related to working in this industry.  Our
      management's decisions and choices may not take into account standard
      engineering or managerial approaches mineral exploration companies commonly
      use.  Consequently, our operations, earnings, and ultimate financial
      success could suffer irreparable harm due to our management's lack of experience
      in this industry.





**Our
      auditors have expressed substantial doubt about our ability to continue as
      a
      going concern.**





The
      accompanying financial statements have been prepared assuming that we will
      continue as a going concern.  As discussed in Note 1 to our audited
      financial statements filed with our Form SB-2 registration statement, we were
      incorporated on July 30, 2004, and we do not have a history of earnings, and
      as
      a result, our auditors have expressed substantial doubt about our ability to
      continue as a going concern.  Continued operations are dependent on
      our ability to complete equity or debt financings or generate profitable
      operations.  Such financings may not be available or may not be
      available on reasonable terms.  Our financial statements do not
      include any adjustments that may result from the outcome of this
      uncertainty.





**There
      is no liquidity and no established public market for our common stock and it
      may
      prove impossible to sell your shares.**





There
      is
      presently no public market in our shares.  While we intend to contact
      an authorized OTC Bulletin Board market maker for sponsorship of our securities,
      we cannot guarantee that such sponsorship will be approved and our stock listed
      and quoted for sale.  Even if our shares are quoted for sale, buyers
      may be insufficient in numbers to allow for a robust market, it may prove
      impossible to sell your shares.





**Broker-dealers
      may be discouraged from effecting transactions in our shares because they are
      considered penny stocks and are subject to the penny stock
      rules.**





Rules
      15g-1 through 15g-9 promulgated under the *Securities Exchange Act of
      1934* (the “*Securities Exchange Act*”) impose sales practice and
      disclosure requirements on NASD broker-dealers who make a market in "*penny
      stocks*".  A penny stock generally includes any non-NASDAQ equity
      security that has a market price of less than $5.00 per share.





Under
      the
      penny stock regulations, a broker-dealer selling penny stock to anyone other
      than an established customer or "*accredited investor*" (generally, an
      individual with net worth in excess of $1,000,000 or an annual income exceeding
      $200,000, or $300,000 together with his or her spouse) must make a special
      suitability determination for the purchaser and must receive the purchaser's
      written consent to the transaction prior to sale, unless the broker-dealer
      or
      the transaction is otherwise exempt.





In
      addition, the penny stock regulations require the broker-dealer to deliver,
      prior to any transaction involving a penny stock, a disclosure schedule prepared
      by the SEC relating to the penny stock market, unless the broker-dealer or
      the
      transaction is otherwise exempt.  A broker-dealer is also required to
      disclose commissions
      payable to the broker-dealer and the registered representative and current
      quotations for the securities.  Finally, a broker-dealer is required
      to send monthly statements disclosing recent price information with respect
      to
      the penny stock held in a customer's account and information with respect to
      the
      limited market in penny stocks.








**Greg
      Chapman, our Chief Executive Officer and sole Director can vote an aggregate
      of
      55% of our common stock and will exercise control over corporate decisions
      including the appointment of new directors.**





Greg
      Chapman, our Chief Executive
      Officer and sole Director can vote an aggregate of 30,000,000 shares or 55%
      of
      our outstanding common stock. Accordingly, Mr. Chapman will exercise control
      in
      determining the outcome of corporate transactions or other matters, including
      the election of directors, mergers, consolidations, the sale of all or
      substantially all of our assets, and also the power to prevent or cause a change
      in control. Any investors who purchase shares will be minority shareholders
      and
      as such will have little to no say in the direction of the Company and the
      election of Directors. Additionally, it will be difficult if not impossible
      for
      investors to remove Mr. Chapman as a Director of the Company, which will mean
      that he will remain in control of who serves as officers of the Company as
      well
      as whether any changes are made in the Board of Directors.
      .  Additionally, such control may have the effect of delaying,
      deferring or preventing a change of control. As a potential investor in the
      Company, you should keep in mind that even if you own shares of the Company's
      common stock and wish to vote them at annual or special shareholder meetings,
      your shares will likely have little effect on the outcome of corporate
      decisions.





**ITEM
      3. CONTROLS AND PROCEDURES**





(a)
      Evaluation of disclosure controls and procedures. Our Chief Executive Officer
      and Principal Financial Officer, after evaluating the effectiveness of our
      "disclosure controls and procedures" (as defined in the Securities Exchange
      Act
      of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered
      by
      this Quarterly Report on Form 10-QSB (the "Evaluation Date"), has concluded
      that
      as of the Evaluation Date, our disclosure controls and procedures were effective
      to provide reasonable assurance that information we are required to disclose
      in
      reports that we file or submit under the Exchange Act is recorded, processed,
      summarized and reported within the time periods specified in the Securities
      and
      Exchange Commission rules and forms, and that such information is accumulated
      and communicated to our management, including our Chief Executive Officer and
      Principal Financial Officer, as appropriate, to allow timely decisions regarding
      required disclosure.





(b)
      Changes in internal control over financial reporting. There were no changes
      in
      our internal control over financial reporting during our most recent fiscal
      quarter that materially affected, or were reasonably likely to materially
      affect, our internal control over financial reporting.







**PART
      II - OTHER INFORMATION**





**ITEM
      1. LEGAL PROCEEDINGS**





From
      time
      to time, we may become a party to litigation or other legal proceedings that
      we
      consider to be a part of the ordinary course of our business. We are not
      currently involved in legal proceedings that could reasonably be expected to
      have a material adverse effect on our business, prospects, financial condition
      or results of operations. We may become involved in material legal proceedings
      in the future.





**ITEM
      2. CHANGES IN SECURITIES**





None.





**ITEM
      3. DEFAULTS UPON SENIOR SECURITIES.**





None.




**ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





There
      were no matters submitted to a vote of security holders during the quarter
      ended
      September 30, 2007.





**ITEM
      5. OTHER INFORMATION**





None.





**ITEM
      6. EXHIBITS AND REPORTS ON FORM 8-K**





**a)
      EXHIBITS**





***Exhibit
                Number***
            ***Description***3.1(1)
            Articles
                of Incorporation filed July 30, 20043.2(1)
            Bylaws,
                effective August 2, 20045.1(1)
            Opinion
                and consent of The Loev Law Firm, PC re: the legality of the shares
                being
                registered10.1(1)
            Mineral
                Property Acquisition Agreement





31.1*
            Certificate
                of the Chief Executive Officer and Chief Financial Officer pursuant
                to
                Section 302 of the Sarbanes-Oxley Act of 200232.1*
            Certificate
                of the Chief Executive Officer and Chief Financial Officer pursuant
                to
                Section 906 of the Sarbanes-Oxley Act of
                2002





*
      Filed
      Herein.




(1)
      Filed
      as an exhibit to our Form SB-2 Registration Statement filed with the Commission
      on September 19, 2007, and incorporated herein by reference.




**b)
      REPORTS ON FORM 8-K**





We
      did
      not file any reports on Form 8-K during the period covered by this
      report.





**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.





**OSLER
                INCORPORATED**DATED:
                November 13, 2007
            *By:
                /s/ Greg Chapman**Greg
                Chapman*Chief
                Executive Officer (Principal Executive Officer)and
                Chief Financial Officer (Principal Accounting
                Officer)