----

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|  Nevada                                                   |   | 20-5886006                        |
|---------------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |

| Large accelerated filer                                             | o | Accelerated filer         | o |
|---------------------------------------------------------------------|---|---------------------------|---|
| Non-accelerated filer (Do not check if a smaller reporting company) | o | Smaller reporting company | x |

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| INTERIM BALANCE SHEETS                               |   |   | 3      |   |
|------------------------------------------------------|--------|--------|--------|--------|
|                                                 |   |   |   |   |
| INTERIM STATEMENTS OF OPERATIONS                     |   |   | 4      |   |
|                                                 |   |   |   |   |
| INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) |   |   | 5      |   |
|                                                 |   |   |   |   |
| INTERIM STATEMENTS OF CASH FLOW                      |   |   | 6      |   |
|                                                 |   |   |   |   |
| NOTES TO INTERIM FINANCIAL STATEMENTS                |   |   | 7      |   |

----

|                                                                                            |   | August 31, 2010 |     |   | November 30, 2009 |   |
|-------------------------------------------------------------------------------------------------|--------|-----------------|----------|--------|-------------------|--------|
|                                                                                            |   |            |     |   | (Audited)         |   |
| ASSETS                                                                                          |   |            |     |   |              |   |
|                                                                                            |   |            |     |   |              |   |
| CURRENT ASSETS                                                                                  |   |            |     |   |              |   |
| Cash                                                                                            |   | $               | 1,399    |   |              | $      | 689 |   |
| TOTAL ASSETS                                                                                    |   | $               | 1,399    |   |              | $      | 689 |   |
|                                                                                            |   |            |     |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                            |   |            |     |   |              |   |   |   |
|                                                                                            |   |            |     |   |              |   |   |   |
| CURRENT  LIABILITIES                                                                  |   |            |     |   |              |   |   |   |
| Accounts payable and accrued liabilities                                                        |   | $               | 27,562   |   |              | $      | 24,948 |   |
| Due to related party (Note 3)                                                                   |   |            | 26,983   |   |              |   | 18,462 |   |
| Loans payable (Note 4)                                                                          |   |            | 35,928   |   |              |   | 22,831 |   |
| TOTAL CURRENT LIABILITIES                                                                       |   |            | 90,473   |   |              |   | 66,241 |   |
|                                                                                            |   |            |     |   |              |   |   |   |
| STOCKHOLDERS’  EQUITY ( DEFICIT )                                               |   |            |     |   |              |   |   |   |
| Capital stock                                                                                   |   |            |     |   |              |   |   |   |
| Authorized                                                                                      |   |            |     |   |              |   |   |   |
|       200,000,000 shares of common stock, $0.001 par value,       |   |            |     |   |              |   |   |   |
| Issued and outstanding                                                                          |   |            |     |   |              |   |   |   |
|         280,920 shares of common stock (2009 - 280,920) |   |            | 281      |   |              |   | 281 |   |
|         Additional Paid in Capital                      |   |            | 22,419   |   |              |   | 22,419 |   |
| Deficit accumulated during the development stage                                                |   |            | (111,774 | )      |              |   | (88,252 | ) |
| TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT)                                                      |   |            | (89,074  | )      |              |   | (65,552 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)                                      |   | $               | 1,399    |   |              | $      | 689 |   |

----

|                                                 |   |               |    |   |               |   |    |              |   |   |              |   |   | Cumulative results    |    |
|------------------------------------------------------|--------|--------------------|---------|--------|--------------------|--------|---------|-------------------|--------|--------|-------------------|--------|--------|-----------------------|---------|
|                                                 |   |               |    |   |               |   |    |              |   |   |              |   |   | from inception        |    |
|                                                 |   | Three months ended |    |   | Three months ended |   |    | Nine months ended |   |   | Nine months ended |   |   | (November 1, 2006) to |    |
|                                                 |   | August 31, 2010    |    |   | August 31, 2009    |   |    | August 31, 2010   |   |   | August 31, 2009   |   |   | August 31, 2010       |    |
| REVENUE                                              |   |               |    |   |               |   |    |              |   |   |              |   |   |                  |    |
|                                                 |   |               |    |   |               |   |    |              |   |   |              |   |   |                  |    |
| Revenues                                             |   | $                  | -       |   |               | $      | -       |              |   | $      | -                 |   |   | $                     | -       |   |   | $ | - |   |
| Total Revenues                                       |   |               | -       |   |               |   | -       |              |   |   | -                 |   |   |                  | -       |   |   |   | - |   |
|                                                 |   |               |    |   |               |   |    |              |   |   |              |   |   |                  |    |   |   |   |   |   |
| EXPENSES                                             |   |               |    |   |               |   |    |              |   |   |              |   |   |                  |    |   |   |   |   |   |
|                                                 |   |               |    |   |               |   |    |              |   |   |              |   |   |                  |    |   |   |   |   |   |
| Foreign exchange (gain) / loss                       |   |               | (332    | )      |               |   | 24      |              |   |   | 825               |   |   |                  | 2,621   |   |   |   | (1,767 | ) |
| Office and general                                   |   |               | 1,864   |   |               |   | 662     |              |   |   | 2,244             |   |   |                  | 1,440   |   |   |   | 11,975 |   |
| Mining expenses                                      |   |               | -       |   |               |   | -       |              |   |   | -                 |   |   |                  | -       |   |   |   | 6,044 |   |
| Professional fees                                    |   |               | 8,093   |   |               |   | 4,498   |              |   |   | 20,453            |   |   |                  | 14,830  |   |   |   | 95,522 |   |
| Loss before income taxes                             |   |               | 9,625   |   |               |   | 5,184   |              |   |   | 23,522            |   |   |                  | 18,891  |   |   |   | 111,774 |   |
| Provision for income taxes                           |   |               | -       |   |               |   | -       |              |   |   | -                 |   |   |                  | -       |   |   |   | - |   |
| NET AND COMPREHENSIVE LOSS                           |   | $                  | (9,625  | )      |               | $      | (5,184  | )                 |   | $      | (23,522           | )      |   | $                     | (18,891 | ) |   | $ | (111,774 | ) |
| BASIC AND DILUTED LOSS PER COMMON SHARE              |   | $                  | (0.03   | )      |               | $      | (0.02   | )                 |   | $      | (0.08             | )      |   | $                     | (0.07   | ) |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |   |               | 280,920 |   |               |   | 280,920 |              |   |   | 280,920           |   |   |                  | 280,920 |   |   |   |   |   |

----

|                                                                                     |   |            |       |   |       |   |   |           |   |   | Deficitaccumulated     |   |   |             |   |
|------------------------------------------------------------------------------------------|--------|-----------------|------------|--------|------------|--------|--------|----------------|--------|--------|------------------------|--------|--------|------------------|--------|
|                                                                                     |   | Common Stock    |       |   | Additional |   |   | Share          |   |   | during the             |   |   |             |   |
|                                                                                     |   | Number ofshares |       |   | Amount     |   |   | Paid-inCapital |   |   | SubscriptionReceivable |   |   | developmentstage |   |   | Total |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |
| Balance, Inception November 1, 2006                                                      |   |            | -          |   |       | $      | -      |           |   | $      | -                      |   |   | $                | -      |   |   | $ | - |   |   | $ | - |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued at $0.0055 per                                                       |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| share on November 1, 2006                                                                |   |            | 1,710,000  |   |       |   | 1,710  |           |   |   | 7,790                  |   |   |             | -      |   |   |   | - |   |   |   | 9,500 |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Share Subscription Receivable                                                            |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | (9,500 | ) |   |   | - |   |   |   | (9,500 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                  |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             |   |   |   |   | (1,413 | ) |   |   | (1,413 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2006                                                               |   |            | 1,710,000  |   |       | $      | 1,710  |           |   | $      | 7,790                  |   |   | $                | (9,500 | ) |   | $ | (1,413 | ) |   | $ | (1,413 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Proceeds from Subscription Receivable                                                    |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | 9,500  |   |   |   | - |   |   |   | 9,500 |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued at $0.1111 per                                                       |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| share  - October, 2007                                                         |   |            | 79,200     |   |       |   | 79     |           |   |   | 8,721                  |   |   |             | -      |   |   |   | - |   |   |   | 8,800 |   |
|             - November, 2007 |   |            | 21,600     |   |       |   | 22     |           |   |   | 2,378                  |   |   |             | -      |   |   |   | - |   |   |   | 2,400 |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | -      |   |   |   | (24,090 | ) |   |   | (24,090 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2007                                                               |   |            | 1,810,800  |   |       | $      | 1,811  |           |   | $      | 18,889                 |   |   | $                | -      |   |   | $ | (25,503 | ) |   | $ | (4,803 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | -      |   |   |   | (32,324 | ) |   |   | (32,324 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2008                                                               |   |            | 1,810,800  |   |       | $      | 1,811  |           |   | $      | 18,889                 |   |   | $                | -      |   |   | $ | (57,827 | ) |   | $ | (37,127 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Common Stock redeemed at $0.0055                                                         |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| per share on March 25, 2009                                                              |   |            | (1,530,000 | )      |       |   | (1,530 | )              |   |   | (6,970                 | )      |   |             | -      |   |   |   | - |   |   |   | (8,500 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued for cash at                                                          |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| $87.50 per share - June 2009                                                             |   |            | 120        |   |       |   | -      |           |   |   | 10,500                 |   |   |             | -      |   |   |   | - |   |   |   | 10,500 |   |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | -      |   |   |   | (30,425 | ) |   |   | (30,425 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2009                                                               |   |            | 280,920    |   |       | $      | 281    |           |   | $      | 22,419                 |   |   | $                | -      |   |   | $ | (88,252 | ) |   | $ | (65,552 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                  |   |            | -          |   |       |   | -      |           |   |   | -                      |   |   |             | -      |   |   |   | (23,522 | ) |   |   | (23,522 | ) |
|                                                                                     |   |            |       |   |       |   |   |           |   |   |                   |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Balance,  August 31, 2010                                                      |   |            | 280,920    |   |       | $      | 281    |           |   | $      | 22,419                 |   |   | $                | -      |   |   | $ | (111,774 | ) |   | $ | (89,074 | ) |

----

|                                              |   | Nine months     |    |   | Nine months     |   |    | November 1, 2006    |   |
|---------------------------------------------------|--------|-----------------|---------|--------|-----------------|--------|---------|---------------------|--------|
|                                              |   | ended           |    |   | ended           |   |    | (inception date) to |   |
|                                              |   | August 31, 2010 |    |   | August 31, 2009 |   |    | August 31, 2010     |   |
| NET CASH USED IN OPERATING ACTIVITIES             |   |            |    |   |            |   |    |                |   |
| Net loss for the period                           |   | $               | (23,522 | )      |            | $      | (18,891 | )                   |   | $ | (111,774 | ) |
| Foreign exchange                                  |   |            | 825     |   |            |   | 2,621   |                |   |   | (1,767 | ) |
| Adjustment to reconcile net loss to net cash used |   |            |    |   |            |   |    |                |   |   |   |   |
| in operating activities:                          |   |            |    |   |            |   |    |                |   |   |   |   |
| Prepaid expenses                                  |   |            | -       |   |            |   | 604     |                |   |   | - |   |
| Accounts payable and accrued liabilities          |   |            | 2,614   |   |            |   | 3,661   |                |   |   | 27,562 |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
|                                              |   |            | (20,083 | )      |            |   | (12,005 | )                   |   |   | (85,979 | ) |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| FINANCING ACTIVITIES                              |   |            |    |   |            |   |    |                |   |   |   |   |
| Proceeds from sale of common stock                |   |            | -       |   |            |   | 10,500  |                |   |   | 22,700 |   |
| Due to related party                              |   |            | 8,521   |   |            |   | -       |                |   |   | 26,983 |   |
| Loans received                                    |   |            | 12,272  |   |            |   | -       |                |   |   | 37,695 |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| NET CASH FROM FINANCING ACTIVITIES                |   |            | 20,793  |   |            |   | 10,500  |                |   |   | 87,378 |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| NET INCREASE ( DECREASE) IN CASH                  |   |            | 710     |   |            |   | (1,505  | )                   |   |   | 1,399 |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| CASH, BEGINNING OF PERIOD                         |   |            | 689     |   |            |   | 2,487   |                |   |   | - |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| CASH, END OF PERIOD                               |   | $               | 1,399   |   |            | $      | 982     |                |   | $ | 1,399 |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| Supplemental cash flow information:               |   |            |    |   |            |   |    |                |   |   |   |   |
| Cash paid for:                                    |   |            |    |   |            |   |    |                |   |   |   |   |
| Interest                                          |   | $               | -       |   |            | $      | -       |                |   | $ | - |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| Income taxes                                      |   | $               | -       |   |            | $      | -       |                |   | $ | - |   |
|                                              |   |            |    |   |            |   |    |                |   |   |   |   |
| Non-Cash Activities:                              |   |            |    |   |            |   |    |                |   |   |   |   |
| Redemption of common stock and loan               |   |            |    |   |            |   |    |                |   |   |   |   |
| from related party                                |   | $               | -       |   |            | $      | -       |                |   | $ | 8,500 |   |

----

----

----

----

----

| 31.1 | Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer |
|------|-----------------------------------------------------------------------|

| 31.2 | Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer * |
|------|-------------------------------------------------------------------------|

| 32.1 | Section 1350 Certification of Chief Executive Officer |
|------|-------------------------------------------------------|

| 32.2 | Section 1350 Certification of Chief Financial Officer ** |
|------|----------------------------------------------------------|

----

|                   | FRESH START PRIVATE HOLDINGS, INC. (formerly RIVER EXPLORATION, INC.) |                                                                                                           |
|------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|
|                   |                                                                       |                                                                                                           |   |
| Dated: October 19,2010 | By:                                                                        | /s/ ANDREW AIRD                                                                                           |   |
|                   |                                                                       | Andrew AirdPresident, Secretary Treasurer,Principal Executive Officer,Principal Financial Officer and Director |   |

----