UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C 20549



FORM
10-QSB



(Mark One)



[X]

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

For the quarterly
period ended September 30, 2007



[
 ]

TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition
period from ____ to ____



Commission File No.
333-144226



BIG BEAR RESOURCES INC.

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



Nevada

26-0148468

(State
or other jurisdiction

(IRS
Employer

of
incorporation or organization)

Identification
No.)



Suite 804  1238 Melville Street, Vancouver, BC V6E
4N2

(Address
of principal executive offices)



(778) 839-5533

(Issuers telephone number)



(Former
name, former address and former fiscal year, if changed since last report)



Check whether the
issuer (1) 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 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
September 30, 2007, there were 1,910,000 shares of the Companys common stock
issued and outstanding.





1



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PART I  FINANCIAL INFORMATION



Item 1.
 Financial Statements.















Big
Bear Resources Inc.



(An Exploration Stage Company)



Financial Statements (Unaudited)



For the period from

January 23, 2007 (Inception)

to September 30, 2007







































2





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Big
Bear Resources Inc.



(An Exploration Stage Company)



Index to Unaudited Financial Statements



For the period from January 23, 2007
(Inception) to September 30, 2007





Page(s)



Balance Sheet (Unaudited) as of
September 30, 2007

3



Statements of Operations and Comprehensive Loss
(Unaudited) for

the three month period ended September
30, 2007;

and for the period from January 23,
2007 (Inception)

to September
30, 2007

4



Statements of Cash Flows (Unaudited) for the period for
the three month

period ended September 30, 2007; and
for the period from

January 23,
2007, (Inception) to September 30, 2007

5



Notes to the Unaudited Financial Statements
                                                                                                         
 6-7



3





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Big Bear
Resources Inc.

(An Exploration Stage Company)

Balance Sheet (Unaudited)



September
30,

2007

ASSETS



Current assets:

Cash and
cash equivalents

$

1,570

Prepaid
expenses

1,074

Total current assets

2,644



Property, plant and equipment:

Office
equipment, net of depreciation

926



Total assets

$

3,570





LIABILITIES AND STOCKHOLDERS DEFICIT



Current liabilities:

Accounts
payable

$

2,406

Accounts
payable  related party

21,087

Total current liabilities

23,493



Total liabilities

23,493



Stockholders Deficit

Common stock, par value $.001,
100,000,000 shares

authorized,
1,910,000 shares issued and outstanding

1,910

Additional
paid in capital

25,094

Deficit
accumulated during the exploration stage

(46,662)

Accumulated
other comprehensive loss

(265)

Total stockholders deficit

(19,923)



Total liabilities and
stockholders deficit

$

3,570





See accompanying notes to the financial statements.





















4





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Big Bear
Resources Inc.

(An Exploration Stage Company)

Statements of Operations and
Comprehensive Loss (Unaudited)









For the period



For
the three

from January
23,

month
period ended

2007 (Inception)
to

September
30, 2007

September 30,
2007           
September 30, 2007



Revenues:

$

-

$

-



Operating expenses:

Exploration
costs

-

5,000

Selling,
general and administrative

20,289

41,369

Depreciation
expense

100

293

Operating loss before income
taxes

(20,389)

(46,662)



Income tax expense
(benefit)

-

-



Net loss available to common
stockholders

$

(20,389)

$

(46,662)



Other comprehensive income:

Foreign
currency translation adjustment

(1,994)

(265)



Comprehensive loss for the
period

$

(22,383)

$

(46,927)



Basic and diluted loss per
common share

$
                  (.01)

$
                   (.02)



Weighted average shares
outstanding

1,910,000

1,910,000





See accompanying notes to the financial statements.

















































5





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Big Bear
Resources Inc.

(An Exploration Stage Company)

Statements of Cash Flows
(Unaudited)





For the period

For
the three

from January 23,

month period ended
                  
2007 (Inception) to

September 30, 2007
            
   September 30, 2007



Cash flows from operating activities:

Net loss

$

(20,389)

$

(46,662)

Adjustments to reconcile net loss
to

net cash provided by (used in)
operating activities:

Non-cash
expenses

10,773

15,773

Depreciation
expense

100

293

Prepaid
expenses

3,743

(1,128)

Accounts
payable

(2,046)

2,406

Accounts
payable  related party

9,802

21,087

Net cash provided by (used
in) operating activities

1,983

(8,231)



Cash flows from investing activities:

Property,
plant and equipment

-

(1,234)

Net cash used in investing
activities

-

(1,234)



Cash flows from financing activities:

Issuance of
common stock for cash

-

11,080

Net cash provided by financing
activities

-

11,080



Net increase in cash and cash
equivalents

1,983

1,615

Effect of exchange rate changes
on cash

(1,907)

(45)



Cash at beginning of period

1,494

-

Cash at end of period

$

1,570

$

1,570



Cash paid for interest

$

-

$

-

Cash paid for income taxes

$

-

$

-



See accompanying notes to the financial statements.



6



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Big Bear
Resources Inc.

(An Exploration Stage Company)

Notes to the Financial Statements
(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 SB-2 filed on October 11, 2007.  Operating results for the period from
January 23, 2007 (Inception) to September 30, 2007 are not necessarily
indicative of the results to be expected for the fiscal year ending December 31,
2007.



2.  ORGANIZATION



Big Bear Resources Inc. (the
Company) was incorporated on January 23, 2007 in the State of Nevada, U.S.A.
 Its operations are primarily based in Vancouver, British Columbia, Canada.
 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 has acquired 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.  The Company is currently
conducting mineral exploration activities on the mineral claim in order to
assess whether it possesses commercially exploitable reserves of silver, gold,
lead or zinc.  To date, the Companys activities have been limited to its
formation, minimal operations and the raising of equity capital.



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.



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







7





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Big Bear
Resources Inc.

(An Exploration Stage Company)

Notes to the Financial Statements
(Unaudited)



FOREIGN CURRENCY
TRANSLATIONS (CONTINUED)



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 loss, totaling $265 for the period from
January 23, 2007 (Inception) to September 30, 2007, in accumulated other
comprehensive income.



4.

RELATED PARTY TRANSACTIONS



The Companys President has agreed to defer his monthly salary,
totaling $3,000 per month, until the Company has successfully obtained financing
necessary to fund its working capital requirements.  Accordingly, at
September 30, 2007 the Company had incurred $21,087 in salary payable to its
President.  This amount has been recorded in accounts payable  related
party.



5.  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, 2007, the Company has a
negative working capital balance of $20,849 and an accumulated deficit of
$46,662.  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 problems, 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





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Item
2.  Managements Discussion and Analysis or Plan of Operation



We are in the
business of mineral exploration.  We have 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



Big Bear Resources
Inc. is a Nevada corporation incorporated on January 23, 2007.  Our
principal offices are located at 804  1238 Melville Street, Vancouver, BC V6E
4N2.



Our business plan is
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.
 After we proceed with phase one of the exploration program, we will assess
whether to proceed to phase two of the recommended geological work program upon
completion of an assessment of the results of phase one of the geological work
program.



We anticipate that
Phase I of the recommended geological work program will cost approximately
$2,000.  We had approximately $1,570 in cash reserves as of September 30,
2007.  Prior to the commencement of Phase II, the Company anticipates the
need for additional financing, either through loans or the sale of securities.
 Scott Houghton, the Companys CEO, has verbally agreed to defer his fees
until the completion of Phase II, reducing the total working capital required
during Phase I and Phase II.  In consideration of these facts, we
anticipate having sufficient funds to complete Phase I of the geological work
program.  This expenditure will also enable us to meet the exploration
expenditure requirement under the option agreement for the period through
September 30, 2007.



We believe that our
cash reserves are also sufficient to meet our obligations for the next twelve
month period to Mr. Houghton under his management agreement and to pay for the
legal and accounting expense of complying with our obligations, under the
Securities Exchange Act of 1934, as a reporting issuer.  These expenses
will be in addition to the cost of completing Phase I of the exploration
program.



We will require
additional funding in the event that we decide to proceed with Phase II of the
exploration program.  The anticipated cost of the Phase II exploration
program is $15,000, which is in excess of our projected cash reserves remaining
upon completion of Phase I of the exploration program.  We anticipate that
additional funding will be in the form of debt equity financing from the sale of
our common stock.



We will require
additional funding in the event that we decide to proceed with Phase III of the
exploration program.  The anticipated cost of the Phase III exploration
program is $75,000, which is in excess of our projected cash reserves remaining
upon completion of Phase I of the exploration program.  We anticipate that
additional funding will be in the form of debt or equity financing from the sale
of our common stock.



If we do not make the
required exploration expenditures of $10,000 by June 30, 2008, or $32,000 in
aggregate by December 31, 2008, make the Option payments of $10,000 by December
1, 2007, or $75,000 in aggregate by December 31, 2008, our Option will terminate
and we will lose



9





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all
our rights and interest in the Big Bear Claim. Please note, the Optionor has
granted the Company an additional 6 months to make the June 30, 2007
expenditures.  However, if we do not secure additional financing to incur
the required exploration expenditures, we may consider bringing in a joint
venture partner to provide the required funding.  We have not undertaken
any efforts to locate a joint venture partner.  We may also pursue
acquiring interests in alternate mineral properties in the future.



Item 3.
 Controls and Procedures



As of the end of the
period cover by this report, Big Bear 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 Big Bears Chief Executive Officer and Chief
Financial Officer.  Based on and as of the date of such evaluation, the
aforementioned officers have concluded that Big Bears disclosure controls and
procedures were effective.



Big Bear 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 Big Bears internal controls or in other factors that
could significantly affect these controls from January 23, 2007 to September 30,
2007. 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.



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





10





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Item
4.  Submission of Matters to a Vote of Security Holders



None



Item 5.



None



Item 6.
 Exhibits



|            |                                         |         
|----------- | --------------------------------------- | --------
|Exhibit No. | Document                                | Location
|31          | Rule 13a-41(a)/15d-14(a)
Certifications | Included
|32          | 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.



BIG
BEAR RESOURCES INC.





November
19, 2007

/s/
Scott C. Houghton

DATE

SCOTT
C. HOUGHTON, PRESIDENT



11





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