UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C 20549  FORM
10-Q  (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, 2008  [
 ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition
period from ____ to ____  Commission File No.
333-144226  URANIUM PLUS RESOURCE CORPORATION (Exact
name of registrant as specified in its charter)  Nevada 26-0148468 (State
or other jurisdiction (IRS
Employer of
incorporation or organization) Identification
No.)  Suite 107  17624 15th Avenue, Mill Creek,
Washington, 98012 (Address of principal executive offices)  (206) 963-4519 (Registrants telephone number)  (Former name, former address and former fiscal
year, if changed since last report)  Indicate by check
mark 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  [  ]  Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.  See the
definitions of large accelerated filer, accelerated filer and smaller
reporting company in Rule 12b-2 of the Exchange Act.  Large
accelerated filer [
 ] Accelerated
filer [
 ] Non-accelerated
filer [
 ] Smaller
reporting company [
X ]  Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act).  Yes [x]  No [  ]  State the number of
shares outstanding of each of the issuers classes of common equity, as of the
latest practicable date:  As of November 1,
2008, there were 12,988,000 shares of the Companys common stock issued and
outstanding.   PART I  FINANCIAL INFORMATION  Item 1.
 Financial Statements.             Uranium Plus Resource Corporation (An Exploration Company) Financial Statements For the Period From January 23, 2007 (Inception) to September 30,
2008 (Unaudited)                Balance
Sheets as of September 30, 2008 (unaudited) and December 31,
2007                 Statement
1   Statements of
Operations and Comprehensive Loss for the three and nine month period
ended September 30, 2008; and for the three month period ended
September 30, 2007; and the period from inception (January 23, 2007) through September 30,
2007; and the period from inception (January 23, 2007) through
September 30, 2008
(unaudited)                                                                            Statement
2   Statements of Cash
Flows for the nine month period ended September 30, 2008; and for the period
ended from January 23, 2007 (Inception) to September 30, 2007; and
for the period from January 23, 2007 (Inception) to September 30, 2008
(unaudited)   Statement 3    Notes to Financial
Statements (unaudited)


Statement 1 Uranium
Plus Resource Corporation (An
Exploration Company) Balance Sheets September 30, 2008
and December 31, 2007    ASSETS
September 30
December 312008
(Unaudited)
2007CURRENT
ASSETSCash
and cash equivalents
$
108,052
$
1,579Prepaid
expenses
-
1,224TOTAL
CURRENT ASSETS
108,052
2,803PROPERTY,
PLANT AND EQUIPMENTOffice
equipment
-
1,243Less:
Accumulated depreciation
-
(414)NET
PROPERTY PLANT AND EQUIPMENT

829TOTAL
ASSETS
$
108,052
$
3,632LIABILITIES AND STOCKHOLDERS DEFICITCURRENT
LIABILITIESAccounts
payable
$
15,704
$
1,304Accounts
payable  related party
-
30,000Convertible
note payable (Note 5)
150,000
-TOTAL
CURRENT LIABILITIES
165,704
31,304STOCKHOLDERS
DEFICITCommon
stock, par value $.001, 100,000,000 sharesauthorized,
12,988,000 shares issued and outstanding after giving effect to 6.8 for 1
split on April 22, 2008
12,988
12,988Additional
paid in capital
89,915
50,276Deficit
accumulated during the exploration stage
(160,935)
(91,391)Accumulated
other comprehensive income
380
455TOTAL
STOCKHOLDERS DEFICIT
(57,652)
(27,672)TOTAL
LIABILITIES AND STOCKHOLDERS DEFICIT
$
108,052
$
3,632  (See
accompanying notes)


Statement 2 Uranium
Plus Resource Corporation (An
Exploration Company) Statements of
Operations and Comprehensive Loss For the three and
nine month period ended September 30, 2008; and for the three month period ended
September 30, 2007; and the period from inception (January 23, 2007) through
September 30, 2007; and the period from inception (January 23, 2007) through
September 30, 2008 (Unaudited)  For the three month period ended September 30,
2008
For the three month period ended
September 30, 2007
For the nine month period ended September 30,
2008
For the period from January 23, 2007 (Inception) to September
30, 2007
For the cumulative period from January 23, 2007
(Inception) to September 30, 2008REVENUES
$
NIL
$
NIL
$
NIL
$
NIL
$
NILOPERATING
EXPENSESExploration
costs


20,533
5,000
45,533Selling,
general and administrative
16,753
20,289
48,909
41,369
114,904Depreciation
expense
-
100
102
293
498OPERATING
LOSS BEFORE OTHER ITEMS AND  INCOME TAXES
(16,753)
(20,389)
(69,544)
(46,662)
(160,935)Income
tax expense (benefit)
-
-
-
-
-NET
LOSS AVAILABLE TO COMMON STOCKHOLDERS
(16,753)
(20,389)
(69,544)
(46,662)
(160,935)OTHER
COMPREHENSIVE INCOMEForeign
currency translation adjustment
-
(1,994)
(75)
(265)
380COMPREHENSIVE
LOSS FOR THE PERIOD
$
(16,753)
$
(22,383)
$
(69,619)
$
(46,927)
$
(160,555)BASIC
AND DILUTED LOSS PER
COMMON
SHARE
(.00)
(.00)
(.00)
(.00)WEIGHTED
AVERAGE SHARES OUTSTANDING
12,988,000
12,988,000
12,988,000
12,988,000


Statement 3 Uranium
Plus Resource Corporation (An
Exploration Company) Statement of Cash
Flows For the nine month
period ended September 30, 2008 and for the period ended from January 23, 2007
(Inception) to September 30, 2007; and for the period from January 23, 2007
(Inception) to September 30, 2008 (Unaudited)  For the nine month period  from January 1, 2008 to
September 30, 2008
For the period from January 23, 2007 (Inception) to
September 30, 2007
For the period  from January 23, 2007 (Inception) to
September 30, 2008CASH FLOW FROM
OPERATING ACTIVITIESNet
loss
$
(69,544)
$
(46,662)
$
(160,935)ADJUSTMENTS TO
RECONCILE NET LOSS TO NET CASH USED BY OPERATING ACTIVITIESPrepaid
expenses
1,224
(1,128)
-Non-cash
expenses
610
15,773
91,325Depreciation
expense
102
293
498CHANGES IN
OPERATING ASSETS AND LIABILITIESAccounts
payable
14,400
2,406
15,704Accounts
payable  related party
9,000
21,087
-NET CASH USED
BY OPERATING ACTIVITIES
(44,208)
(8,231)
(53,408)CASH FLOWS FROM
INVESTING ACTIVITIESDisposal
of equipment
745
-
-Purchase
of equipment
-
(1,234)
-NET CASH (USED
IN), PROVIDED BY INVESTING ACTIVITIES
745
(1,234)
-CASH FLOWS FROM
FINANCING ACTIVITIESIssuance
of common stock for cash
-
11,080
11,080Convertible
note payable (see Note 5)
150,000
-
150,000NET CASH
PROVIDED, BY FINANCING ACTIVITIES
150,000
11,080
161,080NET INCREASE IN
CASH AND CASH EQUIVALENTS
106,537
1,615
107,672EFFECT OF
EXCHANGE RATE CHANGES ON CASH
(64)
(45)
380CASH, BEGINNING
OF PERIOD
1,579
-
-CASH, END OF
PERIOD
$
108,052
$
1,570
$
108,052 NON-CASH
INVESTING AND FINANCING ACTIVITIES FORGIVENESS
of related party note; applied to paid in capital
$
39,000
-
$
39,000


(See
accompanying notes)    Uranium
Plus Resource Corporation (An
Exploration Company) Notes to Financial
Statements For
the Period From January 23, 2007 (Inception) to September 30, 2008 (Unaudited)  1. BASIS
OF FINANCIAL STATEMENT PRESENTATION The
accompanying unaudited condensed financial statements have been prepared by the
Company pursuant to the rules and regulations of the Securities and Exchange
Commission.  Certain information and footnote disclosures normally included
in financial statements prepared in accordance with U.S. generally accepted
accounting principles have been condensed or omitted in accordance with such
rules and regulations.  The information furnished in the interim condensed
financial statements includes normal recurring adjustments and reflects all
adjustments, which, in the opinion of management, are necessary for a fair
presentation of such financial statements.  Although management believes
the disclosures and information presented are adequate to make the information
not misleading, it is suggested that these interim condensed financial
statements be read in conjunction with the Company's audited financial
statements and notes thereto included in its Form 10-KSB filed on March 14,
2008.  Operating results for the nine months ended September 30, 2008 are
not necessarily indicative of the results to be expected for the fiscal year
ended December 31, 2008.  2. ORGANIZATION Uranium
Plus Resource Corporation (the Company) was incorporated on January 23, 2007
in the State of Nevada, U.S.A., as Big Bear Resources, Inc.  Its name was
changed to Uranium Plus Resource Corporation on March 21, 2008.  Its
operations are primarily based in Mill Creek, Washington, USA.  The
accounting and reporting policies of the Company conform to accounting
principles generally accepted in the United States of America, and the Companys
fiscal year end is December 31.  The
Company is an exploration stage company that engages primarily in the
acquisition, exploration and development of resource properties.  The
Company had previously negotiated an option to acquire a 100 percent interest in
a mineral claim located in the Slocan Mining Division in the Province of British
Columbia, Canada.  During the second and third quarter, the Company
conducted mineral exploration activities on the mineral claims in Peru in order
to assess whether they possessed commercially exploitable reserves of copper,
silver, gold, lead and uranium.  To date, the Companys activities have
been limited to its formation, minimal operations, the raising of equity capital
and exploring other business opportunities.  3. SIGNIFICANT
ACCOUNTING POLICIES USE
OF ESTIMATES The
preparation of the Companys financial statements in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amount of revenues and expenses during
the reporting period.  Actual results could differ from those estimates.
 The Companys periodic filings with the Securities and Exchange Commission
include, where applicable, disclosures of estimates, assumptions, uncertainties
and markets that could affect the financial statements and future operations of
the Company.      Uranium
Plus Resource Corporation (An
Exploration Company) Notes to Financial
Statements For
the Period From January 23, 2007 (Inception) to September 30, 2008 (Unaudited)  FOREIGN
CURRENCY TRANSLATIONS The Companys functional and reporting currency is the US dollar.
 All transactions initiated in other currencies are translated into US
dollars using the exchange rate prevailing on the date of transaction.
 Monetary assets and liabilities denominated in foreign currencies are
translated into the US dollar at the rate of exchange in effect at the balance
sheet date.  Unrealized exchange gains and losses arising from such
transactions are deferred until realization and are included as a separate
component of stockholders equity (deficit) as a component of other
comprehensive income or loss. Upon realization, the amount deferred is
recognized in income in the period when it is realized.  The Company recorded an unrealized foreign currency translation
gain, totaling $380 for the period from January 23, 2007 (Inception) to
September 30, 2008, in accumulated other comprehensive income.  4. RELATED PARTY TRANSACTIONS A
$3,000 per month salary to the President of the Company had been accrued for a
total of $39,000 through March 31, 2008.  Effective May 4, 2008, the full
balance of the accrual was forgiven.  The related expense was charged to
selling, general and administrative expenses; $30,000 to December 31, 2007 and
$9,000 to March 31, 2008.  The forgiveness of debt has been recorded as an
increase in additional paid in capital as at September 30, 2008.  5. CONVERTIBLE NOTE PAYABLE The
Company borrowed $150,000 pursuant to an agreement dated April 29, 2008.
 The loan is payable on demand by the Lender.  The Lender has the
option to convert the loan into common shares of the company at a rate of 1
common share for each $1 borrowed (150,000 common shares).  In the event repayment is demanded and the Company defaults,
interest at a rate of 8% per annum shall be charged from the date of demand.  All funds are in US dollars.  6. SHARE CAPITAL Effective
April 22, 2008, the Company forward-split its issued capital stock on a ratio of
6.8 shares to one share.  As a result of this transaction, an additional
11,078,000 shares were issued. Shares
ValueDecember
31, 2007
1,910,000
$
1,910Issued as a
result of forward-split
11,078,000
11,078September
30, 2008
12,988,000
$
12,988 Consideration
for the issue of additional shares has been charged against additional paid in
capital.  The transaction had been treated retroactively and all share and
share amounts have been restated.


Uranium
Plus Resource Corporation (An
Exploration Company) Notes to Financial
Statements For
the Period From January 23, 2007 (Inception) to September 30, 2008 (Unaudited)  7. GOING CONCERN AND LIQUIDITY CONSIDERATIONS The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern, which contemplates, among other things, the
realization of assets and satisfaction of liabilities in the normal course of
business.  As of September 30, 2008, the Company has a negative working
capital balance of $57,652 and an accumulated deficit of $160,935.  The
Company intends to fund operations through equity financing arrangements, which
may be insufficient to fund its capital expenditures, working capital and other
cash requirements for the next twelve months.  The ability of the Company to emerge from the exploration stage is
dependent upon, among other things, obtaining additional financing to continue
operations, explore and develop the mineral properties and the discovery,
development and sale of mineral reserves.  In response to these challenges, management intends to raise
additional funds through public or private placement offerings.  These factors, among others, raise substantial doubt about the
Companys ability to continue as a going concern.  The accompanying
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.  8. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Following
is a summary of recent accounting pronouncements issued by the Financial
Accounting Standards Board (FASB) as Statements of Financial Accounting
Standards (SFAS).  (i) In
May 2008, FASB issued SFAS No. 163 relating to reporting by insurance
enterprises. (ii) In
May 2008, FASB issued SFAS No. 162 dealing with sources for accounting
principals for entities preparing financial statements in conformity with
GAAP. (iii) In
March 2008, FASB amended FASB Statement No. 133 by issuing SFAS No. 161.
 SFAS No. 161 deals with derivatives and hedging activities. (iv) In
December 2007 FASB issued SFAS No. 160 dealing with non-controlling interests in
consolidated financial statements.  None
of the above pronouncements have any effect on the Companys financial reporting
at this time.   2    Item
2.  Managements Discussion and Analysis or Plan of Operation  Uranium
Plus Resource Corporation (UPLS or the Company), is a Nevada Corporation
trading on the OTC-BB (symbol UPLS).  On March 21, 2008, the Company
changed its name from Big Bear Resources Inc. to Uranium Plus Resource
Corporation.  Prior
to March 2008, the Company had acquired an option to acquire a 100% interest in
a mineral claim located in the Slocan Mining Division in the Province of British
Columbia, Canada (the Big Bear mineral claim).  The business plan called
for the Company to proceed with the exploration of the Big Bear mineral claim to
determine if it contains commercially exploitable reserves of silver, gold, lead
or zinc.  Following careful review, the Company decided to pursue a
molybdenum and gold property, in addition to two uranium properties located in
Peru.  Management entered into a consulting agreement with Dr. Allan P.
Juhas Ph.D., an Economic Geologist residing in the USA, with extensive
experience in international property evaluation and mineral exploration.
 Dr. Juhas and his team traveled to Peru and visited two of the Companys
proposed properties.  The Manantiel molybdenum prospect is located in the
Shiran district of the Otuzco municipality of La Libertad, west-central Peru.
 The 10 square kilometers property was inspected for various igneous,
sedimentary and contact metamorphic rock types.  Samples of representative
mineralization were collected and delivered to the Lima sample preparation
facility of ACME Laboratories.  Although the deposits of commercial grade
and size occurred in the area, it was determined that any further work would
require more land to develop the potential resources in the area.
 Following receipt of the geological reports and sample analysis,
management has decided not to move forward with the further exploration of this
property.  Dr.
Juhas and his team also evaluated another proposed acquisition, the El Zorro
gold prospect consisting of 600 hectares and located 156 kilometers north east
of Trujillo, Peru.  They found that the geology consisted of tertiary
continental volcanic rocks that were cut by mafic (basaltic) dikes and sparse
pinching and swelling anastomosing quartz veinlets.  Some of the clasts
contained quartz grains that implied a dacite composition.  Samples of
representative mineralization were collected and delivered to the Lima sample
preparation facility of ACME Laboratories.  Following receipt of the
geological report from Dr. Juhas and subsequent sample analysis, management also
decided not to move forward with the further exploration of this property.  The
Company is currently negotiating the acquisition of a 1,000 hectare copper
property north of Lima and is in the final negotiations to acquire the Corani
Uranium property which consists of a 1,000 hectare mining concession called
BETAK, located in the Department of Puno.  The Company is also negotiating
an option to purchase an additional 1,000 hectares adjoining the existing
property.Extensive exploration was commissioned by the Peruvian
Institute of Nuclear Energy (IPEN), which led to the delineation of a uranium
deposit within the Corani Property boundaries.   3    Further, the Company is negotiating the acquisition of an
additional uranium property calledCorongo,
which is comprised of 1,000 hectares and is located in the Province of Corongo.
Finally, the Company is also negotiating an option to purchase an additional
1,000 hectares adjoining the existing property.  Management will determine the feasibility of each of these
potential properties in the 4th quarter of 2008 or the 1st
quarter of 2009, and assuming negotiations are successful, expects to close on
one or more of these properties in the next 6 months.  For the
three and nine months ended September 30, 2008 the Company incurred continuing
general and administrative costs of $16,753 and $48,909.  This is
comparable to the amounts of $20,533 and $41,369 for the prior year.  In
2008 the company incurred $20,533 in exploration costs, with $5,000 in the prior
year.  Item
3. Quantitative and Qualitative Disclosure About Market Risk  Not
applicable  Item 4T.
 Controls and Procedures  As of
the end of the period covered by this report, UPLS carried out an evaluation of
the effectiveness of the Companys disclosure controls and procedures (as
defined by Rule 13-15(e) under the Securities Exchange Act of 1934) under the
supervision and with the participation of Uranium Pluss Chief Executive Officer
and Chief Financial Officer.  Based on and as of the date of such
evaluation, the aforementioned officers have concluded that Uranium Pluss
disclosure controls and procedures were effective.  UPLS
also maintains a system of internal accounting controls that is designed to
provide assurance that assets are safeguarded and that transactions are executed
in accordance with managements authorization and properly recorded. This system
is continually reviewed and is augmented by written policies and procedures, the
careful selection and training of qualified personnel and an internal audit
program to monitor its effectiveness.  There
were no significant changes in Uranium Pluss internal controls or in other
factors that could significantly affect these controls from January 23, 2007 to
September 30, 2008. There were no significant deficiencies or material
weaknesses, and therefore there were no corrective actions taken.  It
should be noted that any system of controls, however well designed and operated,
can provide only reasonable, and not absolute, assurance that the objectives of
the system are met. In addition, the design of any control system is based in
part upon certain assumptions about the likelihood of future events. Because of
these and other inherent limitations of control systems, there can be no
assurance that any design will succeed in achieving its stated goals under all
potential future conditions, regardless of how remote.    4    PART II  INFORMATION  Item
1.  Legal Proceedings  None  Item
2.  Unregistered Sales of Equity Securities and Use of Proceeds  None  Item
3.  Defaults Upon Senior Securities  None  Item
4.  Submission of Matters to a Vote of Security Holders  None.  Item
5.  Other Information  None  Item 6.
 Exhibits  Exhibit No.
Document
Location31
Rule
13a-41(a)/15d-14(a) Certifications
Included32
Section
1350 Certifications
Included  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.  URANIUM
PLUS RESOURCE CORP.  November
17, 2008 /s/
H. James Graham  H.
JAMES GRAHAM President
and Chief Executive Officer  5