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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                                    |   |   | 1  |   |
|-----------------------------------------------------------|--------|--------|---------|--------|
|                                                      |   |   |    |   |
| INTERIM STATEMENTS OF OPERATIONS                          |   |   | 2  |   |
|                                                      |   |   |    |   |
| INTERIM STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT) |   |   | 3  |   |
|                                                      |   |   |    |   |
| INTERIM STATEMENTS OF CASH FLOWS                          |   |   | 4  |   |
|                                                      |   |   |    |   |
| NOTES TO THE INTERIM FINANCIAL STATEMENTS                 |   |   | 5  |   |

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|                                                                               |   | May 31, 2010(Unaudited) |     |   | November 30, 2009(Audited) |   |
|------------------------------------------------------------------------------------|--------|-------------------------|----------|--------|----------------------------|--------|
| ASSETS                                                                             |   |                    |     |   |                       |   |
|                                                                               |   |                    |     |   |                       |   |
| CURRENT ASSETS                                                                     |   |                    |     |   |                       |   |
| Cash                                                                               |   | $                       | 3,047    |   |                       | $      | 689 |   |
|  TOTAL ASSETS                                                                 |   | $                       | 3,047    |   |                       | $      | 689 |   |
|                                                                               |   |                    |     |   |                       |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                               |   |                    |     |   |                       |   |   |   |
|                                                                               |   |                    |     |   |                       |   |   |   |
| CURRENT LIABILITIES                                                                |   |                    |     |   |                       |   |   |   |
| Accounts payable and accrued liabilities                                           |   | $                       | 26,874   |   |                       | $      | 24,948 |   |
| Due to related party (Note 3)                                                      |   |                    | 19,483   |   |                       |   | 18,462 |   |
| Loans payable (Note 4)                                                             |   |                    | 36,139   |   |                       |   | 22,831 |   |
|                                                                               |   |                    |     |   |                       |   |   |   |
| TOTAL CURRENT LIABILITIES                                                          |   |                    | 82,496   |   |                       |   | 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 exploration stage                                   |   |                    | (102,149 | )      |                       |   | (88,252 | ) |
|      Total stockholders’ equity (deficit)           |   |                    | (79,449  | )      |                       |   | (66,552 | ) |
|     Total Liabilities and Stockholders’ Equity (Deficit) |   | $                       | 3,047    |   |                       | $      | 689 |   |

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|                            |   | Three months endedMay 31, 2010 |   |   | Three months endedMay31, 2009 |   |   | Six months endedMay 31, 2010 |   |   | Six months endedMay 31, 2009 |   |   | Cumulative results of operations from November 1, 2006 (date of inception) to May 31, 2010 |    |
|---------------------------------|--------|--------------------------------|--------|--------|-------------------------------|--------|--------|------------------------------|--------|--------|------------------------------|--------|--------|-------------------------------------------------------------------------------------------------|---------|
| EXPENSES                        |   |                           |   |   |                          |   |   |                         |   |   |                         |   |   |                                                                                            |    |
|                            |   |                           |   |   |                          |   |   |                         |   |   |                         |   |   |                                                                                            |    |
| Office and general              |   | $                              | (120   | )      |                          | $      | (300   | )                            |   | $      | (380                         | )      |   | $                                                                                               | (777    | ) |   | $ | (10,110 | ) |
| Foreign exchange gain/(loss)    |   |                           | 100    |   |                          |   | -      |                         |   |   | (1,157                       | )      |   |                                                                                            | 561     |   |   |   | 1,435 |   |
| Mining expenses                 |   |                           | -      |   |                          |   | -      |                         |   |   | -                            |   |   |                                                                                            | -       |   |   |   | (6,044 | ) |
| Professional fees               |   |                           | (5,648 | )      |                          |   | (6,550 | )                            |   |   | (12,360                      | )      |   |                                                                                            | (10,332 | ) |   |   | (87,430 | ) |
|                            |   |                           |   |   |                          |   |   |                         |   |   |                         |   |   |                                                                                            |    |   |   |   |   |   |
| NET and COMPREHENSIVE LOSS |   | $                              | (5,668 | )      |                          | $      | (6,850 | )                            |   | $      | (13,897                      | )      |   | $                                                                                               | (10,548 | ) |   | $ | (102,149 | ) |

| BASIC AND DILUTED NET LOSS PER COMMON SHARE                            |   | $      | (0.00                 | )      |   | $      | (0.00                 | )      |   | $      | (0.00                 | )      |   | $      | (0.00                   | )      |
|------------------------------------------------------------------------|--------|--------|-----------------------|--------|--------|--------|-----------------------|--------|--------|--------|-----------------------|--------|--------|--------|-------------------------|--------|
|                                                                   |   |   |                  |   |   |   |                  |   |   |   |                  |   |   |   |                    |   |
| WEIGHTED AVERAGE NUMBER OF BASIC AND DILUTED COMMON SHARES OUTSTANDING |   |   |     280,920 |   |   |   |     696,561 |   |   |   |     280,920 |   |   |   |     1,247,558 |   |

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|                                                                   |   |   Common Stock |       |   |  Additional Paid-in Capital |   |      |   Share Subscription Receivable |   |   |  Deficit Accumulated During the Exploration Stage |   |   |   Total |    |
|------------------------------------------------------------------------|--------|---------------------|------------|--------|----------------------------------|--------|-----------|--------------------------------------|--------|--------|--------------------------------------------------------|--------|--------|--------------|---------|
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |
| Common stock issued for cash at $0.0055 per share                      |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |
| - November 16, 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 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Share subscription received                                            |   |                | -          |   |                             |   | -         |                                 |   |   | -                                                      |   |   |         | 9,500   |   |   |   | - |   |   |   | 9,500 |   |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash 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 year                                                      |   |                | -          |   |                             |   | -         |                                 |   |   | -                                                      |   |   |         | -       |   |   |   | (24,090 | ) |   |   | (24,090 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2007                                             |   |                | 1,810,800  |   |                             |   | 1,811     |                                 |   |   | 18,889                                                 |   |   |         | -       |   |   |   | (25,503 | ) |   |   | (4,803 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Net loss for 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 – March 25, 2009                |   |                | (1,530,000 | )      |                             |   | (1,530    | )                                    |   |   | (6,970                                                 | )      |   |         | -       |   |   |   | - |   |   |   | (8,500 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash at $0.35 per share – June 2009      |   |                | 120        |   |                             |   | 0         |                                 |   |   | 10,500                                                 |   |   |         | -       |   |   |   | - |   |   |   | 10,500 |   |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Net loss for year                                                      |   |                | -          |   |                             |   | -         |                                 |   |   | -                                                      |   |   |         | -       |   |   |   | (30,425 | ) |   |   | (30,425 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2009                                             |   |                | 280,920    |   |                             |   |  281 |                                 |   |   |  22,419                                           |   |   |         | -       |   |   |   | (88,252 | ) |   |   | (65,552 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Net loss for period                                                    |   |                | -          |   |                             |   | -         |                                 |   |   | -                                                      |   |   |         | -       |   |   |   | (13,897 | ) |   |   | (13,897 | ) |
|                                                                   |   |                |       |   |                             |   |      |                                 |   |   |                                                   |   |   |         |    |   |   |   |   |   |   |   |   |   |
| Balance, May 31, 2010                                                  |   |                | 280,920    |   |                             | $      | 281       |                                 |   | $      | 22,419                                                 |   |   | $            | -       |   |   | $ | (102,149 | ) |   | $ | (79,449 | ) |

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|                                                                                       |   | Six monthsendedMay 31, 2010 |    |   | Six monthsendedMay 31, 2009 |   |    | Cumulativeresults ofoperations fromNovember 1,2006 (date ofinception) toMay 31, 2010 |   |
|--------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|-----------------------------|--------|---------|--------------------------------------------------------------------------------------|--------|
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |
| OPERATING ACTIVITIES                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |
| Net loss for the period                                                                    |   | $                           | (13,897 | )      |                        | $      | (10,548 | )                                                                                    |   | $ | (102,149 | ) |
|    Item not involving cash                                                  |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
|      Foreign exchange loss (gain)                                 |   |                        | 1,157   |   |                        |   | (561    | )                                                                                    |   |   | (1,435 | ) |
| Adjustment to reconcile net loss to   net cash used in operating activities |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
|  - accounts payable and accrued liabilities                                           |   |                        | (7,937  | )      |                        |   | 8,681   |                                                                                 |   |   | 17,011 |   |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| NET CASH USED IN OPERATING ACTIVITIES                                                      |   |                        | (20,677 | )      |                        |   | (2,428  | )                                                                                    |   |   | (86,573 | ) |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| FINANCING ACTIVITIES                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
|   Proceeds from issuance of common stock                                         |   |                        | -       |   |                        |   | -       |                                                                                 |   |   | 22,700 |   |
|   Due to related party                                                           |   |                        | 10,884  |   |                        |   | -       |                                                                                 |   |   | 29,346 |   |
|   Loans received                                                                 |   |                        | 12,151  |   |                        |   | -       |                                                                                 |   |   | 37,574 |   |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                                  |   |                        | 23,035  |   |                        |   | -       |                                                                                 |   |   | 89,620 |   |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                                            |   |                        | 2,358   |   |                        |   | (2,428  | )                                                                                    |   |   | 3,047 |   |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| CASH, BEGINNING OF PERIOD                                                                  |   |                        | 689     |   |                        |   | 2,487   |                                                                                 |   |   | - |   |
|                                                                                       |   |                        |    |   |                        |   |    |                                                                                 |   |   |   |   |
| CASH, END OF PERIOD                                                                        |   | $                           | 3,047   |   |                        | $      | 59      |                                                                                 |   | $ | 3,047 |   |

| Supplemental cash flow information Cash paid for:      |   |   |   |   |   |   |   |   |   |   |   |   |
|--------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Interest                                               |   | $      | -      |   |   | $      | -      |   |   | $      | -      |   |
| Income taxes                                           |   | $      | -      |   |   | $      | -      |   |   | $      | -      |   |
|  Supplemental non cash transactions:              |   |   |   |   |   |   |   |   |   |   |   |   |
| Redemption of common stock and Loan from related party |   | $      | -      |   |   | $      | -      |   |   | $      | 8,500  |   |

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| 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 **                |

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|                 | FRESH START PRIVATE HOLDINGS, INC. |                                                                                                |
|----------------------|------------------------------------|-----------------------------------------------------------------------------------------------------|
|                 |                               |                                                                                                |   |
|                 | (formerly RIVER EXPLORATION, INC.) |                                                                                                |
|                 |                               |                                                                                                |   |
|                 | By:                                |  /s/ ANDREW AIRD                                                                               |   |
|                 |                               | Andrew Aird                                                                                         |   |
|                 |                               | President, Secretary Treasurer,Principal Executive Officer,Principal Financial Officer and Director |   |
| Dated: July 20, 2010 |                               |                                                                                                |   |

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