| (X      ) | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES EXCHANGE ACT OF      1934 |
|-----------|--------------------------------------------------------------------------------------------------|

|   | For      the quarter period ended February 28,2010 |
|--------|----------------------------------------------------|

|  (  ) | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE  ACT |
|----------------------|------------------------------------------------------------------------------|

|   | For      the transition period      form                                                            to |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Commission      File number       333-144585                                                                                                                                                                                                                                                                                                 |

|   | PORTAGE RESOURCES      INC. |
|--------|-----------------------------|

|           Nevada                                       | 75-3244927                                            |
|---------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        (State      or other jurisdiction of incorporation or organization) | (IRS Employer Identification      No.)                                                                                                                                                                                                                                       |

| 990 Richard Street, Saint Wenceslas, Quebec,      Canada, G0Z 1J0 |
|-------------------------------------------------------------------|
| (Address      of principal executive offices)                     |

| 1-819-740-0810                         |
|----------------------------------------|
| (Issuer’s      telephone number) |

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

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|                                                                                                          |                                                                                                                                                                                           | Page      Number |
|---------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
| PART      1.                                                                                                  | FINANCIAL      INFORMATION                                                                                                                                                                     |             |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 1.                                                                                                       | Financial      Statements (unaudited)                                                                                                                                                          | 3                |
|                                                                                                          |                                                                                                                                                                                           |             |
|                                                                                                          | Balance      Sheet as at February 28, 2010 and May 31, 2009                                                                                                                                    | 4                |
|                                                                                                          |                                                                                                                                                                                           |             |
|                                                                                                          | Statement      of OperationsFor      the three and nine months ended February 28, 2010 and 2009 and for the      period June 20, 2006 (Date of Inception) to February 28,    2010              |   5    |
|                                                                                                          |                                                                                                                                                                                           |             |
|                                                                                                          | Statement      of Cash FlowsFor      the three and nine months ended February 28, 2010 and 2009 and for the      period June 20, 2006 (Date of  Inception) to February 28,      2010 |   6    |
|                                                                                                          |                                                                                                                                                                                           |             |
|                                                                                                          | Notes      to the Financial Statements.                                                                                                                                                        | 7                |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 2.                                                                                                       | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                                                                          | 11               |
|                                                                                                          |                                                                                                                                                                                           |             |
|                      ITEM 3.       | Quantitative      and Qualitative Disclosure About Market Risk                                                                                                                                 | 17               |
|                                                                                                          |                                                                                                                                                                                           |             |
|              ITEM 4.                                                       | Controls      and Procedures                                                                                                                                                                   | 18               |
|                                                                                                          |                                                                                                                                                                                           |             |
|                 ITEM      4T. | Controls      and Procedures                                                                                                                                                                   | 19               |
|                                                                                                          |                                                                                                                                                                                           |             |
| PART      11.                                                                                                 | OTHER      INFORMATION                                                                                                                                                                         | 19               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 1.                                                                                                       | Legal      Proceedings                                                                                                                                                                         | 19               |
|                                                                                                          |                                                                                                                                                                                           |             |
|                      ITEM 1A.      | Risk      Factors                                                                                                                                                                              | 19               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 2.                                                                                                       | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                               | 24               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 3.                                                                                                       | Defaults      Upon Senior Securities                                                                                                                                                           | 24               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 4.                                                                                                       | Submission      of Matters to a Vote of Security Holders                                                                                                                                       | 24               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 5.                                                                                                       | Other      Information                                                                                                                                                                         | 24               |
|                                                                                                          |                                                                                                                                                                                           |             |
| ITEM 6.                                                                                                       | Exhibits                                                                                                                                                                                       | 25               |
|                                                                                                          |                                                                                                                                                                                           |             |
|                                                                                                          | SIGNATURES.                                                                                                                                                                                    | 26               |
|                                                                                                          |                                                                                                                                                                                           |             |

----

----

|                                                      | February      28, 2010                                                             | May      31, 2009              |
|-----------------------------------------------------------|------------------------------------------------------------------------------------|--------------------------------|
|                                                      |                                                                               |                           |
| ASSETS                                                    |                                                                               |                           |
|                                                      |                                                                               |                           |
| CURRENT      ASSETS                                       |                                                                               |                           |
|                                                      |                                                                               |                           |
| Cash                                                      | $            853  | $    6,125 |
|                                                      |                                                                               |                           |
| Total Current    Assets                                   | $            853       | $    6,125 |
|                                                      |                                                                               |                           |
| LIABILITIES      AND STOCKHOLDERS’ DEFICIENCY       |                                                                               |                           |
|                                                      |                                                                               |                           |
| CURRENT      LIABILITIES                                  |                                                                               |                           |
|                                                      |                                                                               |                           |
| Accounts payable                                          | $       20,392                                  | $   19,173      |
| Accounts payable – related      parties             | 95,442                                                                             |  86,098                   |
|                                                      |                                                                               |                           |
| Total Current      Liabilities                            | 115,834                                                                            | 105,271                        |
|                                                      |                                                                               |                           |
| STOCKHOLDERS’      DEFICIENCY                       |                                                                               |                           |
|                                                      |                                                                               |                           |
| Common      stock                                         |                                                                               |                           |
| 500,000,000 shares authorized, at      $0.001 par value;  |                                                                               |                           |
|  63,720,000 shares issued      and outstanding       | 63,720                                                                             | 63,720                         |
| Capital in excess of par      value                       | (41,570)                                                                           | (42,870)                       |
| Deficit accumulated during the      pre-exploration stage | (137,131)                                                                          | (119,996)                      |
|                                                      |                                                                               |                           |
| Total Stockholders’      Deficiency                 | (114,981)                                                                          | (99,146)                       |
|                                                      |                                                                               |                           |
|                                                      | $             853 | $         6,125 |

----

|                               |  Three      months      endedFeb.      28, 2010                       |  Three      months endedFeb.      28,  2009                             |  Nine      months      endedFeb.      28, 2010                                    |  Nine      months      endedFeb.      28, 2009                              | From      July 20, 2006      (date      of inception)      to Feb.      28,  2010 |
|------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| REVENUES                           | $            - |  $             - | $              - | $             - | $              -           |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| EXPENSES                           |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| Accounting and      auditing       | 1,550                                                                      | 1,550                                                                                  | 4,728                                                                                  | 4,650                                                                            | 28,529                                                                                           |
| Bank charges and      interest     | 25                                                                         | 11                                                                                     | 44                                                                                     | 21                                                                               | 142                                                                                              |
| Consulting                         | -                                                                          | -                                                                                      | -                                                                                      | -                                                                                | 25,000                                                                                           |
| Exploration and      staking       | -                                                                          | 1,909                                                                                  | -                                                                                      | 1,909                                                                            | 7,272                                                                                            |
| Filing fees                        | -                                                                          | -                                                                                      | 350                                                                                    | -                                                                                | 3,587                                                                                            |
| Geological report                  | -                                                                          | -                                                                                      | -                                                                                      | -                                                                                | 4,240                                                                                            |
| Incorporation    costs             | -                                                                          | -                                                                                      | -                                                                                      | -                                                                                | 650                                                                                              |
| Legal                              | -                                                                          | -                                                                                      | -                                                                                      | -                                                                                | 6,500                                                                                            |
| Management fees                    | 3,000                                                                      | 3,000                                                                                  | 9,000                                                                                  | 9,000                                                                            | 37,000                                                                                           |
| Office                             | 58                                                                         | 189                                                                                    | 213                                                                                    | 398                                                                              | 2,686                                                                                            |
| Rent                               | 900                                                                        | 900                                                                                    | 2,700                                                                                  | 2,700                                                                            | 11,100                                                                                           |
| Travel and      entertainment      | -                                                                          | -                                                                                      | -                                                                                      | -                                                                                | 3,508                                                                                            |
| Transfer agent’s    fees     |          -                    |  2,155                                                                            |      100                                                      |  3,542                                                                      |  6,917                                                                                      |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| NET      LOSS FROM      OPERATIONS | $   (5,533)                                                 | $  (9,714)                                                                   | $  (17,135)                                                                  | $   (22,220)                                                      | $  (137,131)                                                                           |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| NET      LOSS PER COMMON SHARE     |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| Basic      and diluted             | $     (0.00)                                      | $     (0.00)                                                  | $    (0.00)                                                        | $     (0.00)                                            |                                                                                             |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| AVERAGE      OUTSTANDING SHARES    |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
|                               |                                                                       |                                                                                   |                                                                                   |                                                                             |                                                                                             |
| Basic                              | 63,720,000                                                                 | 63,720,000                                                                             | 63,720,000                                                                             | 63,720,000                                                                       |                                                                                             |

----

|                                                                                      |  Nine      months      endedFeb.      28, 2010                 |  Nine      months      endedFeb.      28,  2009                        | From      July 20, 2006(date      of inception) toFeb. 28, 2010                       |
|-------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| CASH      FLOWS FROM OPERATING  ACTIVITIES:                                     |                                                                |                                                                                  |                                                                                  |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Net      loss                                                                             | $   (17,135)                                         | $(22,220)                                                                             | $   (137,131)                                                          |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Adjustments      to reconcile net loss to net cash provided by operating      activities: |                                                                |                                                                                  |                                                                                  |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Capital      contributions – expenses                                               | 1,300                                                               | -                                                                                     | 1,300                                                                                 |
| Changes      in accounts payable                                                          |      1,219                                 |         88                                    |    20,392                                                              |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Net      Cash  Provided (Used) in Operations                                    | (14,616)                                                            | (22,132)                                                                              | (115,439)                                                                             |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                |            - |               - |               - |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                 |                                                                |                                                                                  |                                                                                  |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Proceeds from loan from related      party                                                | 9,344                                                               | 21,110                                                                                | 95,442                                                                                |
| Proceeds from issuance of common      stock                                               |          -             |           -                         |   20,850                                                                    |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
|                                                                                      | 9,344                                                               | 22,110                                                                                | 116,292                                                                               |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Net      Increase (Decrease) in Cash                                                      | (5,272)                                                             | (1,022)                                                                               | 853                                                                                   |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| Cash      at Beginning of Period                                                          |  6,125                                                         |    4,757                                                               |          -                               |
|                                                                                      |                                                                |                                                                                  |                                                                                  |
| CASH      AT END OF PERIOD                                                                | $        853                | $     3,735                                        | $       853                                        |

----

|   | Basic and Diluted Net      Income (loss) Per Share |
|--------|----------------------------------------------------|

|   | Basic      net income (loss) per share amounts are computed based on the weighted      average number of shares actually outstanding.   Diluted      net income (loss) per share amounts are computed using the weighted      average number of common and common equivalent shares outstanding as if      shares had been issued on the exercise of the common share rights unless      the exercise becomes antidulutive and then only the basic per share      amounts are shown in the report. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | The      carrying amounts of financial instruments are considered by management to      be their fair value due to their short term  maturities. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | PORTAGE      RESOURCES INC. |
|--------|-----------------------------|

|   | Statement of Cash      Flows |
|--------|------------------------------|

|   | For      the purposes of the statement of cash flows, the Company considers all      highly liquid investments with a maturity of three months or less to be      cash equivalents. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Environmental      Requirements |
|--------|---------------------------------|

|   | At      the report date environmental requirements related to the mineral claim      acquired are unknown and therefore any estimate of any future cost cannot      be made. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      late 2006, the Company had the ROK 1-20 claims staked and ownership put      into its own name.   The claims are located 15 miles east      of Dawson City, Yukon.  The expiry dates of the claims are      December 13, 2010.  In accordance with the Yukon Quartz Mining      Act, yearly extensions to the expiry dates of quartz claims are dependent      upon conducting $100 (Cdn) for work per claim or paying the equivalent      cash in lieu of work for a total consideration of $2,000      (Cdn.).   On the date of this report the Company had not      established the existence of a commercially minable ore deposit on the      claims. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | PORTAGE      RESOURCES INC. |
|--------|-----------------------------|

|   | The      Company has evaluated subsequent events from the balance sheet date      through to March 25, 2010 and has found no material subsequent events to      report. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Funds required                                                                                                                                                                                                                                                                                                                                                                                  | Estimated      Amount         |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                            |                          |
| Accounting      and audit – quarter and annual financial statements                                                                                                                                                                                                                                                                                                                       | $      7,600                  |
| Bank      charges                                                                                                                                                                                                                                                                                                                                                                               | 70                            |
| Edgar      filing costs – for quarter and annual financial statements                                                                                                                                                                                                                                                                                                                     | 1,250                         |
| Exploration      costs – as estimated for completion of Phase I                                                                                                                                                                                                                                                                                                                           | 9,200                         |
| Filing      fees – Nevada; Sec of State                                                                                                                                                                                                                                                                                                                                                   | 350                           |
| Office      and general expenses                                                                                                                                                                                                                                                                                                                                                                | 500                           |
| Transfer      agent fees                                                                                                                                                                                                                                                                                                                                                                        | 2,000                         |
| Estimated      expenses for the      next                                                      twelve      months | 20,970                        |
| Account      payable – unrelated parties at February 28, 2010                                                                                                                                                                                                                                                                                                                             | 20,392                        |
| Total      requirements for cash before consideration of money inbank                                                                                                                                                                                                                                                                                                                           | 41,362                        |
| Bank      balance as at February 28, 2010                                                                                                                                                                                                                                                                                                                                                       |     (853) |
| Estimated      funds required over the next twelve months                                                                                                                                                                                                                                                                                                                                       | $40,509                       |

----

----

| Claim Name  |  Grant      Numbers                                 |  Expiry Date   |  Mining District  |  Owner                       |
|------------------|----------------------------------------------------------|--------------------------|-----------------------------|-----------------------------------|
| ROK      1 to 20 |    YC45186      toYC4502  incl. |  Dec.      13, 2010 |  MO82L                 |  Portage      Resources Inc. |

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----

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|   |   |                                                                                | Cdn.                           | U.S.                           |
|--------|--------|-------------------------------------------------------------------------------------|--------------------------------|--------------------------------|
| 1      |   | Senior      Geologist and Assistant, 2 days @ $800/day                              | $    1,600 | $    1,472 |
| 2      |   | Transportation      and accommodation                                               | 800                            | 736                            |
| 3      |   | Soil      sampling, 100 x 20 m GSP grid (200 soil samples)6 man days @ $300/man/day | 1,800                          | 1,656                          |
| 4      |   | Analyses,      200 @ $25 each plus shipping                                         | 5,000                          | 4,600                          |
| 5      |   | Report      costs                                                                   |     800    |     736    |
|   |   | Subtotal                                                                            | $      10,000                  | $   9,200       |

----

| ITEM      3. | QUANTITATIVE      AND QUALITATIVE DISCLOSURE ABOUT MARKETRISK |
|--------------|---------------------------------------------------------------|

| ● | our      variations in our operations results, either quarterly or      annually;                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                        |
| ● | trading      patterns and share prices in other exploration companies which our      shareholders consider similar to ours; |
|    |                                                                                                                        |
| ● | the      exploration results on the ROK 1-20 claim, and                                                                     |
|    |                                                                                                                        |
| ● | other      events which we have no controlover.                                                                             |

----

| ● | designed      to ensure disclosure of information that is required to be disclosed in      the reports that Portage files or submits under the Exchange      Act; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | recorded,      processed, summarized and reported with the time period required by the      SEC’s rules and forms; and |
|---------|------------------------------------------------------------------------------------------------------------------------------|

| ● | accumulated      and communicated to management to allow them to make timely decisions      about the required disclosures. |
|---------|-----------------------------------------------------------------------------------------------------------------------------|

|  ● | As      at February 28, 2010, Portage did not have an audit committee which      complies to the requirements of an audit committee since it did not have      an independent “financial expert” on the committee.  Even though      it has a Code of Ethics it does not emphasize fraud and methods to avoid      it.   Due to the small size of Portage a whistleblower      policy is not necessary. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ● | Due      to a significant number and magnitude of out-of-period adjustments      identified during the quarterly closing process, management has concluded      that the controls over the quarter-end financial reporting process were      not operating effectively.   A material weakness in the      quarter-end financial reporting process could result in Portage not been      able to meet its regulatory filing deadlines and, if not remedied, has the      potential to cause a material misstatement or to miss a filing deadline in      the future.   Management override of existing controls is      possible given the small size of the organization and lack of      personnel. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | There      is no system in place to review and monitor internal control over      financial reporting.  This is due to Portage maintaining an      insufficient complement of personal to carry out ongoing monitoring      responsibilities and ensure effective internal control over financial      reporting. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      4T | CONTROLS      AND PROCEDURES |
|--------------|------------------------------|

----

|   | 1.    Our      liquidity, and thus our ability to continue to operate, depends upon our      ability to raise additionalcapital. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2.   Because our      auditors have issued a going concern opinion and because our officers and      directors may not loan any additional money to us, we may not be able to      achieve our objectives and may have to suspend or cease exploration      activity. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.    Because      the probability of an individual prospect ever having reserves is      extremely remote, in all probability our property does not contain any      reserves, and any funds spent on exploration will be  lost. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |     4.     We      lack an operating history and have losses which we expect to continue into      the future. As a result, we may have to suspend or cease exploration      activity or cease operations. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | * | our      ability to locate a profitable mineral property |
|--------|---|----------------------------------------------------------|
|   | * | our      ability to locate an economic ore reserve       |
|   | * | our      ability to generate revenues                    |
|   | * | our      ability to reduce explorationcosts.             |

----

|   | 5.         Because      our officers and directors do not have technical training or experience in      starting, and operating an exploration company nor in managing a public      company, we will have to hire qualified personnel to fulfill these      functions. If we lack funds to retain such personnel, or cannot locate      qualified personnel, we may have to suspend or cease exploration activity      or cease operations that will result in the loss of your      investment. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  6.        We      have no known ore reserves. Without ore reserves we cannot generate income      and if we cannot generate income we will have to cease exploration      activity which will result in the loss your  investment. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.         If      we don't raise enough money for exploration, we will have to delay      exploration or go out of business, which will result in the loss of your      investment. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.   Because      we are small and do not have much capital, we must limit our exploration      and as a result may not find an ore body.Without an      ore body, we cannot generate revenues and you will lose your      investment. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ● | Costs      of bringing the property into production including exploration preparation      of production feasibility studies, and construction of production      facilities; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | Availability      and cost of financing;                                                                                                                                      |
| ● | Ongoing      costs of production;                                                                                                                                             |
| ● | Market      prices for the minerals to be produced;                                                                                                                           |
| ● | Environmental      compliance regulations and restraints; and                                                                                                                 |
| ● | Political      climate and/or governmental regulations and  controls.                                                                                                         |

|   |     9.    We      may not have access to all of the supplies and materials we need to begin      exploration which could cause us to delay or suspend exploration      activity. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.  Because      our officers and directors have other outside business activities and may      not be in a position to devote a majority of their time to our exploration      activity, our exploration activity may be sporadic which may result in      periodic interruptions or suspensions of    exploration. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.      Because we may be unable to meet property maintenance requirements or      acquire necessary mining licenses, we may lose our interest in the Portage      Claims. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 12.      Because mineral exploration and development activities are inherently      risky, we may be exposed to environmental liabilities. If such an event      were to occur it may result in a loss of your  investment. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 13.      No matter how much money is spent on the Portage Claims, the risk is that      we might never identify a commercially viable ore  reserve. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   |       14.      Even with positive results during exploration, the Portage Claims might      never be put into commercial production due to inadequate tonnage, low      metal prices or high extractioncosts. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 15.      Because we have not put a mineral deposit into production before, we will      have to acquire outside expertise. If we are unable to acquire such      expertise we may be unable to put our property into production and you may      lose your investment. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 16.      Our directors and officers control a substantial number of our outstanding      shares and will be able to effect corporate transactions without further      shareholder approval. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17.      We anticipate the need to sell additional treasury shares in the future      meaning that there will be a dilution to our existing shareholders      resulting in their percentage ownership in the Company being reduced      accordingly. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 18.  Because our      securities are subject to penny stock rules, you may have difficulty      reselling your shares. |
|--------|----------------------------------------------------------------------------------------------------------------------------------|

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| 3.1    |   | Certificate      of Incorporation (incorporated by reference from Portage’s Registration      Statement on Form SB-2 filed on July 16, 2007, Registration No.      333-144585)         |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                         |
| 3.2    |   | Articles      of Incorporation (incorporated by reference from Portage’s Registration      Statement on Form SB-2 filed on July 16, 2007, Registration      No.333-144585)             |
|   |   |                                                                                                                                                                                         |
| 3.3    |   | By-laws      (incorporated by reference from Portage’s Registration Statement on Form      SB-2 filed on July 16, 2007, Registration No.  333-144585)                                  |
|   |   |                                                                                                                                                                                         |
| 4      |   | Stock      Specimen (incorporated by reference from Portage’s Registration Statement      on Form SB-2 filed on July 16, 2007, Registration No.      333-144585)                       |
|   |   |                                                                                                                                                                                         |
| 10.1   |   | Transfer      Agent and Registrar Agreement (incorporated by reference from Portage’s      Registration Statement on Form SB-2 filed on July16, 2007 Registration No.      333-144585) |

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|                      | PORTAGE RESOURCES INC.                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |      (Registrant)                                                                                                                                                                                                                                                                                                                                                                                |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Date:      March 24, 2010 | MARTINE CARON                                                                                                                                                                                                                                                                                                                                                                                                        |
|                      | Chief      Executive Officer, President and Director                                                                                                                                                                                                                                                                                                                                                                      |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Date:      March 24, 2010 | RUSSELL LESLIE      JAMES                                                                 |
|                      | Chief      Financial Officer, Chief AccountingOfficer,      Secretary and Director                                                                                                                                                                                                                                                                                                                                        |

----