**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





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





For
                the quarter period ended August 31,
                2007





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





For
                the
                transition period formtoCommission
                File
                number333-144923





**LAURAL
      RESOURCES, INC.**


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





Nevada
            14-1994102(State
                or other jurisdiction of incorporation or organization)
            (IRS
                Employer Identification No.)





#15
                - 1019 North Shore Blvd., Burlington, Ontario, Canada, L7T
                1X8(Address
                of principal executive offices)





1-905-639-4525(Issuer’s
                telephone number)





N/A(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 [ ]





**APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**


**PROCEEDINGS
      DURING THE PROCEDING FIVE YEARS**





Check
      whether the registrant filed all documents and reports required to be filed
      by
      Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
      under a plan confirmed by a court. Yes □ 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 [ ]





**APPLICABLE
      ONLY TO CORPORATE ISSUERS**





State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of the latest practicable date:





August
      31, 2007: 2,550,000 common shares





Transitional
      Small Business Disclosure format (Check one): Yes [ ] No [X]











-1-







**INDEX**





**Page**
              **Number****PART
                1.**
            FINANCIAL
                INFORMATION**ITEM
                1.**
            Financial
                Statements (unaudited)
            **3**Balance
                Sheet as at August 31, 2007 and May 31, 2007
            **4**Statement
                of Operations
              For
                the three ended August 31, 2007 and for the period February 13, 2007
                (Date
                of Inception) to August 31, 2007
            **5**Statement
                of Cash Flows
              For
                the three months ended August 31, 2007 and for the period February
                13,
                2007 (Date of Inception) to August 31, 2007
            **6**Notes
                to the Financial Statements.
            **7****ITEM
                2.**
            Management’s
                Discussion and Analysis or Plan of Operations
            **11****ITEM 3.**
            Controls
                and Procedures
            **22****PART
                11.**
            OTHER
                INFORMATION
            **22****ITEM
                1.**
            Legal
                Proceedings
            **22****ITEM
                2.**
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            **22****ITEM
                3.**
            Defaults
                Upon Senior Securities
            **23****ITEM
                4.**
            Submission
                of Matters to a Vote of Security Holders
            **23****ITEM
                5.**
            Other
                Information
            **23****ITEM
                6.**
            Exhibits
                and Reports on Form 8-K
            **23****SIGNATURES**.
            **24**










-2-







**PART
      1 - FINANCIAL INFORMATION**




**ITEM
      1. FINANCIAL STATEMENTS**




The
      accompanying balance sheets of Laural Resources, Inc. (a pre-exploration stage
      company) at August 31, 2007 (with comparative figures as at May 31, 2007) and
      the statement of operations for the three months ended August 31, 2007 and
      for
      the period from February 13, 2007 (date of incorporation) to August 31, 2007
      and
      the statement of cash flows for the three months ended August 31, 2007 and
      for
      the period from February 13, 2007 (date of incorporation) to August 31, 2007
      have been prepared by the Company’s management in conformity with accounting
      principles generally accepted in the United States of America. In the opinion
      of
      management, all adjustments considered necessary for a fair presentation of
      the
      results of operations and financial position have been included and all such
      adjustments are of a normal recurring nature.





Operating
      results for the quarter ended August 31, 2007 are not necessarily indicative
      of
      the results that can be expected for the year ending May 31, 2008.








-3-







**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**BALANCE
      SHEETS**





(Unaudited
      - Prepared by Management)




**August
                31,****2007**
            **May
                31,****2007****ASSETS****CURRENT
                ASSETS**Cash
            **$****29,218**
            **$****40,609**Total
                Current Assets
            **$****29,218**
            **$****40,609****LIABILITIES
                AND STOCKHOLDERS’ DEFICIENCY****CURRENT
                LIABILITIES**Accounts
                payable
            **$
                4,067**
            **$
                3,864**Accounts
                payable - related parties
            **28,608**
            **12,519**Total
                Current Liabilities
            **32,675**
            **16,383****STOCKHOLDERS’
                DEFICIENCY**Common
                stock300,000,000
                shares authorized, at $0.001 par value;2,550,000
                shares issued and outstanding
            **2,550**
            **2,550**Capital
                in excess of par value
            **39,200**
            **39,200**Deficit
                accumulated during the pre-exploration stage
            **(45,207)**
            **(17,524)**Total
                Stockholders’ Deficiency
            **(3,457)**
            **24,226****$****29,218**
            **$****40,609**











The
      accompanying notes are an integral part of these unaudited financial
      statements.











-4-





**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**STATEMENT
      OF OPERATIONS**


For
      three
      months ended August 31, 2007 and for the period from February 13, 2007 (date
      of
      inception) to August 31, 2007





(Unaudited
      - Prepared by Management)





**Three
                months****ended**
              **August
                31, 2007**
            **From
                February 13,****2007**
              **(dated
                of inception) to**
              ******August
                31, 2007****REVENUES**
            **$****-**
            **$****-****EXPENSES**Accounting
                and auditing
            **3,203**
            **7,028**Bank
                charges and interest
            **30**
            **121**Consulting
            **12,000**
            **16,000**Exploration
                and staking
            **-**
            **5,000**Filing
                fees
            **29**
            **379**Geological
                report
            **-**
            **2,000**Incorporation
                costs
            **-**
            **590**Legal
            **6,500**
            **6,500**Management
                fees
            **3,000**
            **4,000**Office
            **635**
            **1,003**Rent
            **900**
            **1,200**Travel
                and entertainment
            **1,386**
            **1,386****NET
                LOSS FROM OPERATIONS**
            **$****(27,683)**
            **$****(45,207)****NET
                LOSS PER COMMON SHARE**Basic
                and diluted
            **$****(0.01)********AVERAGE
                OUTSTANDING SHARES**Basic
            **2,550,000**





The
      accompanying notes are an integral part of these unaudited financial
      statements.











-5-








**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**STATEMENT
      OF CASH FLOWS**





For
      the
      three months ended August 31, 2007 and for the period from February 13, 2007
      (date of inception) to August 31, 2007





(Unaudited
      - Prepared by Management)





**Three
                months**
              **ended**
              **August
                31, 2007**
            **From
                February 13,**
              **2007
                (date of inception) to**
              **August
                31, 2007****CASH
                FLOWS FROM OPERATING ACTIVITIES:**Net
                loss
            **$
                (27,683)**
            **$
                (45,207)**Adjustments
                to reconcile net loss to net cash provided by operating
                activities:Changes
                in accounts payable
            **203**
            **4,067**Net
                Cash Provided (Used) in Operations
            **(27,480)**
            **(41,140)****CASH
                FLOWS FROM INVESTING ACTIVITIES:**
            **-**
            **-****CASH
                FLOWS FROM FINANCING****ACTIVITIES**Proceeds
                from loan from related party
            **16,089**
            **28,608**Proceeds
                from issuance of common stock
            **-**
            **41,750****16,089**
            **70,358**Net
                (Decrease) Increase in Cash
            **(11,391)**
            **29,218**Cash
                at Beginning of Period
            **40,609**
            **-****CASH
                AT END OF PERIOD**
            **$****29,218**
            **$****29,218**







The
      accompanying notes are an integral part of these unaudited financial
      statements








-6-







**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**NOTES
      TO FINANCIAL STATEMENTS**


August
      31, 2007





(Unaudited
      - Prepared by Management)





**1.**  **ORGANIZATION**





The
      Company, Laural Resources Inc., was incorporated under the laws of the State
      of
      Nevada on February 13, 2007 with the authorized capital stock of 300,000,000
      shares at $0.001 par value.





The
      Company was organized for the purpose of acquiring and developing mineral
      properties. At the report date mineral claims, with unknown reserves, had been
      acquired. The Company has not established the existence of a commercially
      minable ore deposit and therefore has not reached the development stage and
      is
      considered to be in the pre-exploration stage.





The
      Company has elected May 31 as its fiscal year.





**2.**  **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES**





Accounting
      Methods





The
      Company recognizes income and expenses based on the accrual method of
      accounting.





Dividend
      Policy





The
      Company has not yet adopted a policy regarding payment of
      dividends.





Basic
                and Diluted Net Income (loss) Per
                Share





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





Evaluation
      of Long-Lived Assets





The
      Company periodically reviews its long term assets and makes adjustments, if
      the
      carrying value exceeds fair value.







-7-







**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**NOTES
      TO FINANCIAL STATEMENTS**


August
      31, 2007





(Unaudited
      - Prepared by Management)





**2.**  **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES - Continued**




Income
      Taxes




The
      Company utilizes the liability method of accounting for income taxes. Under
      the
      liability method deferred tax assets and liabilities are determined based on
      differences between financial reporting and the tax bases of the assets and
      liabilities and are measured using the enacted tax rates and laws that will
      be
      in effect, when the differences are expected to be reversed. An allowance
      against deferred tax assets is recorded, when it is more likely than not, that
      such tax benefits will not be realized.





On
      August
      31, 2007 the Company had a net operating loss carry forward of $45,207 for
      income tax purposes. The tax benefit of approximately $14,000 from the loss
      carry forward has been fully offset by a valuation reserve because the future
      tax benefit is undeterminable since the Company is unable to establish a
      predictable projection of operating profits for future years. Losses will expire
      on 2028.





Foreign
      Currency Translations





Part
      of
      the transactions of the Company were completed in Canadian dollars and have
      been
      translated to US dollars as incurred, at the exchange rate in effect at the
      time, and therefore, no gain or loss from the translation is recognized. The
      functional currency is considered to be US dollars.





Revenue
      Recognition





Revenue
      is recognized on the sale and delivery of a product or the completion of a
      service provided.





Advertising
      and Market Development





The
      company expenses advertising and market development costs as
      incurred.





Financial
      Instruments





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








-8-







**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**NOTES
      TO FINANCIAL STATEMENTS**


August
      31, 2007





(Unaudited
      - Prepared by Management)





**2.**  **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES - Continued**





Estimates
      and Assumptions





Management
      uses estimates and assumptions in preparing financial statements in accordance
      with general accepted accounting principles. Those estimates and assumptions
      affect the reported amounts of the assets and liabilities, the disclosure of
      contingent assets and liabilities, and the reported revenues and expenses.
      Actual results could vary from the estimates that were assumed in preparing
      these financial statements.


Statement
                of Cash Flows





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





Unproven
      Mining Claim Costs





Cost
      of
      acquisition, exploration, carrying and retaining unproven properties are
      expensed as incurred.





Environmental
                Requirements





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





Recent
      Accounting Pronouncements





The
      Company does not expect that the adoption of other recent accounting
      pronouncements will have a material impact on its financial
      statements.





**3.**  **AQUISITION
      OF MINERAL CLAIM**





On
                March 1, 2007, the Company acquired the Waibau Gold Claim located
                in the
                Republic of Fiji from Siti Ventures Inc., an unrelated company, for
                the
                consideration of $5,000. The Waibau Gold Claim is located on the
                island of
                Viti Leva. Under Fijian law, the claim remains in good standing as
                long as
                the Company has an interest in it. There is no annual maintenance
                fees or
                minimum exploration work required on the
                Claim.








-9-







**LAURAL
      RESOURCES, INC.**


(A
      Pre-exploration Stage Company)


**NOTES
      TO FINANCIAL STATEMENTS**


August
      31, 2007





(Unaudited
      - Prepared by Management)





**4.**  **SIGNIFICANT
      TRANSACTIONS WITH RELATED PARTY**





Officers-directors
      and their families have acquired 69% of the common stock issued and have made
      no
      interest, demand loans to the Company of $28,608.





Officers-directors
      are compensated for their services in the amount of a total $1,000 per month
      starting May 1, 2007.





**5.**  **CAPITAL
      STOCK**





On
      April
      10, 2007, Company completed a private placement consisting of 1,750,000 common
      shares sold to directors and officers at a price of $0.001 per share for a
      total
      consideration of $1,750. On May 31, 2007, the Company completed a private
      placement of 800,000 common shares at $0.05 per share for a total consideration
      of $40,000.








**6.**
            **GOING
                CONCERN**


The
                Company will need additional working capital to service its debt
                and to
                develop the mineral claims acquired, which raises substantial doubt
                about
                its ability to continue as a going concern. Continuation of the Company
                as
                a going concern is dependent upon obtaining additional working capital
                and
                the management of the Company has developed a strategy, which it
                believes
                will accomplish this objective through additional equity funding,
                and long
                term financing, which will enable the Company to operate for the
                coming
                year.











-10-







**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR**


**PLAN
      OF OPERATIONS**





The
      following discussion should be read in conjunction with the information
      contained in the financial statements of Laural Resources, Inc. (“Laural”) and
      the notes which form an integral part of the financial statements which are
      attached hereto.





The
      financial statements mentioned above have been prepared in conformity with
      accounting principles generally accepted in the United States of America and
      are
      stated in United States dollars.





Laural
      presently has minimal day-to-day operations; mainly comprising the maintaining
      in good standing the Waibau Gold Claim located in the Republic of Fiji and
      preparing the various reports to be filed with the United States Securities
      and
      Exchange Commission (the “SEC”) as required.





**LIQUIDITY
      AND CAPITAL RESOURCES**





Laural
      has had no revenue since inception and its accumulated deficit is $45,207.
      To
      date, the growth of Laural has been funded by the sale of shares and advances
      by
      its director in order to meet the requirements of filing with the SEC and
      maintaining the Waibau Gold Claim in good standing.





The
      plan
      of operations during the next twelve months is for us to undertake exploration
      work on the Waibau Gold Claim and meet our filing requirements. Presently we
      do
      not have the funds to consider any additional mineral claims.





Our
      management estimates that a minimum of $14,849 will be required over the next
      twelve months to pay for such expenses as follows:





Funds
                required
            Estimated
                AmountAccounting
                and audit requirements
            $
                7,500Bank
                charges and interest
            150Consulting
                - independent consultant
            4,000Exploration
                expenses - Phase I
            11,050Filing
                fees
            200Management
                fees @ $1,000 per month
            12,000Office
                - photocopying, faxing and delivering
            500Rent
                @ $300 per month
            3,600Transfer
                agent’s fees
            1,00040,000Accounts
                payable - August 31, 2007
            4,067Total
                estimated funds required
            44,067Deduct:
                Bank balance as at August 31, 2007
            29,218Net
                estimated funds required
            $14,849





Based
      on
      the above estimated funds required over the next twelve months, Laural will
      either have to sell additional shares or obtain advances from its directors
      and
      officers. The latter situation is acceptable to the directors and they are
      prepared to advance the required funds to ensure all outstanding obligations
      are
      met on a current basis.








-11-





**RESULTS
      OF OPERATIONS**





**Corporate
      Organization and History Within Last Five years**





Laural
      was incorporated under the laws of the State of Nevada on February 13, 2007
      under the name of Laural Resources, Inc. Laural
      does not have any subsidiaries, affiliated companies or joint venture
      partners. ** We
      have
      not been involved in any bankruptcy, receivership or similar proceedings since
      inception nor have we been party to a reclassification, merger, consolidation,
      or purchase or sale of a significant amount of assets not in the ordinary course
      of business other than the Waibau Gold Claim.





**Business
      Development Since Inception**





We
      raised
      $1,750 in initial seed capital on April 10, 2007 to cover the initial cost
      of
      obtaining a mineral property that we consider holds the potential to contain
      gold and/or silver mineralization.





We
      purchased the Waibau Gold Claim located in the Republic of Fiji for $5,000
      from
      Siti Ventures Inc, an unrelated company incorporated in Fiji from certain
      advances made by the directors.





On
      May
      31, 200, Laural closed a private placement pursuant to Regulation S of the
      Securities Act of 1933, whereby 800,000 common shares were sold at the price
      of
      $0.05 per share to raise $40,000.





We
      are
      the beneficial owner of a 100% interest in the Waibau Gold Claim, our sole
      mineral property. We intend to undertake exploration work on the Waibai Gold
      Claim during the latter part of 2007 or the spring of 2008. We are presently
      in
      the pre-exploration stage and there is no assurance that mineralized material
      with any commercial value exits on our property. We do not have any ore body
      and
      have not generated any revenues from our operations. Our planned exploration
      work is exploratory in nature.





In
      March
      2007 we engaged Robert Symonds, P. Geol., to conduct a review and analysis
      of
      the Waibau Claim and the previous exploration work undertaken on the property
      and to recommend a mineral exploration program for the Waibau Claim. Mr.
      Symond’s report titled “Summary of Exploration of the Waibau Property, Lautoka,
      Fiji” dated March 12, 2007 (the “Symonds Report”) recommends a two-phase
      exploration program for the Waibau Claim.







**DESCRIPTION
      OF THE
      PROPERTY**


Particulars
      of the Waibau Claim, our sole mineral property, is as follow.




**Location
      and Access**




The
      Waibau Claim is located approximately 18 kilometers (9 miles) south of Lautoka,
      Fiji. The area covered by the Claim is an active mineral exploration and
      development region with plenty of heavy equipment and operators available for
      hire. Lautoka provides all necessary amenities and supplies including, fuel,
      helicopter services, hardware, drilling companies and assay services. Access
      to
      our Claim is via major highway south from Lautoka followed by good secondary
      gravel roads. No water is required for the purposes of our planned exploration
      work. No electrical power is required at this stage of exploration. Any
      electrical power that might be required in the foreseeable future could be
      supplied by gas powered portable generators.





The
      claim’s terrain is rugged with elevations ranging from of 1,950 feet to over
      4,300 feet. Tropical
      mountain forests grow at lower elevations in the northeast corner of the claim
      and good rock exposure is found along the peaks and ridges in the western
      portion of the claim. The climate is mild year round with the rainy season
      falling from May to October.






-12-






**Property
      Geology**





A
      belt of
      volcanic rocks, of the Ba Volcanic Group, underlies the property. These volcanic
      rocks are exposed along a wide axial zone of a broad complex. The presence
      of
      these rocks is relevant to us as gold, at the nearby (approximately 19 miles
      to
      the west of our claim) Waiso Gold Mine, currently a producer of gold in
      commercial quantities, is generally concentrated within extrusive volcanic
      rocks
      (of the Ba Volcanic Group) in the walls of large volcanic caldera.





The
      main
      igneous intrusions consist of Colo Plutonoic Suite consisting of tholetic
      gabbros, tonalities and tondjhemites. Age
      data
      indicate that the intrusive rocks are intermediate in age between Ba Volcanic
      Group rocks west of the area and the younger Tertiary Wainimala Group rocks
      exposed to the east.




Theoletic
      Gabbros, for example, are generally are a greenish or dark coloured fine to
      coarse grained rock. Irregular shaped masses of so called "soda granite" are
      seen in both sharp and gradational contact with the diorite. The different
      phases of Colo Plutonic Suite are exposed from south of the Waibau Gold Claim
      to
      just north of the town of Lautoka and are principal host rocks for gold veins
      at
      the previously mentioned Waisoi Gold Mine.




On
      a
      regional basis the area of Fiji in which the Waibau Claim is located is notable
      for epi-thermal type gold deposits such as that exploited at the previously
      mentioned Waisoi Gold Mine. While no mineralization has been reported for the
      area covered by the Waibau Claim, structures and shear zones affiliated with
      mineralization on adjacent properties pass through the claim.




**Previous
      Exploration**





To
      our
      knowledge based on examination by our geologist of available records, no
      detailed exploration has previously been undertaken on the area covered by
      the
      Waibau Claim. Numerous showings of mineralization have been discovered in the
      area however and six prospects have achieved significant production. The same
      rock units of the Ba Volcanic Group that are found at those mineral occurrences
      underlie our claim. The Symonds’ Report has concluded that further exploration
      of the Waibau Claim is warranted. No assurance, however, can be given that
      any
      mineralization will found on our Claim.




**Proposed
      Exploration Work - Plan of Operation**




The
      Symonds’ Report recommends a phased exploration program to properly evaluate the
      potential of the Waibau Claim ***.*** Mr.
      Symonds is a registered member in good standing of the Geological Society of
      Fiji. He is a graduate of Nagoya University, Nagoya, Japan with both a Bachelor
      of Science degree, Geology (1976) and a Master of Science (1978). Mr. Symonds
      has practiced his profession as a geologist since 1979. He visited our claim
      in
      February 2007 and has worked on other mineral exploration projects in the
      immediate vicinity of our claim.




We
      must
      conduct exploration to determine what minerals exist on our property and whether
      they can be economically extracted and profitably processed. We plan to proceed
      with exploration of the Waibau Claim by completing Phase I of the work
      recommended in the Symonds Report, in order to begin determining the potential
      for discovering commercially exploitable deposits of gold on our claim.




We
      have
      not discovered any ores or reserves on the Waibau Claim, our sole mineral
      property. Our planned Phase I work is exploratory in nature.




The
      Symonds Report recommends a two-phase exploration program to properly evaluate
      the potential of the claim. Phase I work will consist of geological mapping
      and
      surveying. This will involve, among other things, establishing a grid and the
      creation of maps showing all features of the terrain of our claim. We will
      create an actual grid on the ground whereby items can be related one to another
      more easily and with greater accuracy. When we map, we will actually draw a
      scale map of the area and make notes on it as to the location where anything








-13-






(e.g.
      potential mineralization) was found that was of interest. In the process we
      will
      also identify any showings which appear to warrant sampling, i.e. any rock
      formations that appear to warrant our taking soil and rock samples from the
      claims to a laboratory where a determination of the elemental make-up of the
      sample and the exact concentrations of gold and other indicator minerals can
      be
      made. We anticipate, based on the estimate contained in the Symonds Report,
      that
      Phase I work will cost $11,050 (Fiji $17,700). The Waibau Claim is located
      in a
      tropical climatic area so the claim can be worked year round. We anticipate
      completing Phase I before the end of 2007.




Should
      Phase I results warrant further work, and provided we are able to raise
      additional funds to undertake additional work on the Waibau Claim, we would
      undertake the Phase II work recommended in the Symonds’ Report. The Phase II
      geochemical and surface sampling work would be designed to compare the relative
      concentrations of gold and other indicator minerals in samples so the results
      from different samples can be compared in a more precise manner and plotted
      on a
      map to evaluate their significance.




If
      an
      apparent mineralized zone(s) is identified and narrowed down to a specific
      area
      by the Phase I & II work, we would then consider (again subject to our
      ability to raise additional funds to do so) the feasibility of diamond drilling
      selected targets to test the apparent mineralized zones. The cost of such a
      program, assuming it is warranted, cannot be estimated at this time.




The
      recommended Phase II work is estimated to cost a further $13,560 (Fiji $21,700).
      At this point we have funds available to complete Phase I only. We will have
      to
      raise additional capital in order to carry out Phase II, work or any other
      work
      beyond Phase I. Particularly since we have a limited operating history, no
      reserves and no revenue, our ability to raise additional funds might be limited.
      If we are unable to raise the necessary funds, we would be required to suspend
      Laural’s operations and liquidate our company.




There
      are
      no permanent facilities, plants, buildings or equipment on the Waibau
      Claim.




**Competitive
      Factors**




The
      mining industry is highly fragmented. We are competing with many other
      exploration companies looking for gold. We are among the smallest exploration
      companies in existence and are an infinitely small participant in the mining
      business which is the cornerstone of the founding and early stage development
      of
      the mining industry. While we generally compete with other exploration
      companies, there is no competition for the exploration or removal of minerals
      from our claims. Readily available markets exist for the sale of gold.
      Therefore, we will likely be able to sell any gold that we are able to recover,
      in the event commercial quantities are discovered on the Waibau Claims. There
      is
      no ore body on the Waibau Claims.




**Government
      Regulation**




Exploration
      activities are subject to various national, state, foreign and local laws and
      regulations in Fiji, which govern prospecting, development, mining, production,
      exports, taxes, labor standards, occupational health, waste disposal, protection
      of the environment, mine safety, hazardous substances and other matters. We
      believe that we are in compliance in all material respects with applicable
      mining, health, safety and environmental statutes and the regulations passed
      thereunder in Fiji.




**Environmental
      Regulation**




Our
      exploration activities are subject to various federal, state and local laws
      and
      regulations governing protection of the environment. These laws are continually
      changing and, as a general matter, are becoming more restrictive. Our policy
      is
      to conduct business in a way that safeguards public health and the environment.
      We believe that our exploration activities are conducted in material compliance
      with applicable laws and regulations. Changes to current local, state or federal
      laws and regulations in the jurisdictions where we operate could require
      additional capital expenditures and increased operating and/or reclamation
      costs. Although we are unable to predict what additional legislation, if any,
      might be proposed or enacted, additional regulatory requirements could render
      certain exploration activities uneconomic.






-14-






**Employees**




Initially,
      we intend to use the services of subcontractors for manual labor exploration
      work on our claim. At present, we have no employees as such although each of
      our
      officers and directors devotes a portion of his time to the affairs of the
      Company. None of our officers and directors has an employment agreement with
      us.
      We presently do not have pension, health, annuity, insurance, profit sharing
      or
      similar benefit plans; however, we may adopt such plans in the future. There
      are
      presently no personal benefits available to any employee.




As
      indicated above we will hire subcontractors on an as needed basis. We have
      not
      entered into negotiations or contracts with any of potential subcontractors.
      We
      do not intend to initiate negotiations or hire anyone until we are nearing
      the
      time of commencement of our planned exploration activities.




**Forward
      Looking Statements**





In
      addition to the other information contained in this Form 10-QSB, it contains
      forward-looking statements which involve risk and uncertainties. When used
      in
      this prospectus, the words “may”, “will”, “expect”, “anticipate”, “continue”,
“estimate”, “project”, “intend”, “believe” and similar expressions are intended
      to identify forward-looking statements regarding events, conditions and
      financial trends that may affect our future plan of operations, business
      strategy, operating results and financial position. Readers are cautioned that
      any forward-looking statements are not guarantees of future performance and
      are
      subject to risks and uncertainties and that the actual results could differ
      materially from the results expressed in or implied by these forward-looking
      statements as a result of various factors, many of which are beyond our control.
      Any reader should review in detail this entire Form 10-QSB including financial
      statements, attachments and risk factors before considering an
      investment.





**Risk
      Factors**




***An
      investment in our common stock involves an exceptionally high degree of risk
      and
      is extremely speculative. In addition to the other information regarding Laural
      contained in this prospectus, you should consider many important factors in
      determining whether to purchase the shares being offered. The following risk
      factors reflect the potential and substantial material risks which could be
      involved if you decide to purchase shares in this
      offering.***




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




While
      we
      were incorporated in 2007, we have not yet conducted any exploration activities.
      We have not generated any revenues. We have no exploration history upon which
      you can evaluate the likelihood of our future success or failure. Our net loss
      from inception to August 31, 2007, the date of our most recent audited financial
      statements is $45,207. Our ability to achieve profitability and positive cash
      flow in the future is dependent upon




*
            our
                ability to locate a profitable mineral property*
            our
                ability to locate an economic ore reserve*
            our
                ability to generate revenues*
            our
                ability to reduce exploration
                costs.




Based
      upon current plans, we expect to incur operating losses in future periods.
      This
      will happen because there are expenses associated with the research and
      exploration of our mineral property. We cannot guarantee we will be successful
      in generating revenues in the future. Failure to generate revenues may cause
      us
      to go out of business.








-15-




***We
      have no known ore reserves and we cannot guarantee we will find any gold and/or
      silver***  ***mineralization
      or, if we find gold and/or silver mineralization, that it may be economically
      extracted.. If we fail to find any gold and/or silver mineralization or if
      we
      are unable to find gold and/or silver mineralization that may be economically
      extracted, we will have to cease operations.***




We
      have
      no known ore reserves. Even if we find gold and/or silver ****** mineralization ****** we
      cannot
      guarantee that any gold and/or silver mineralization ****** will
      be
      of sufficient quantity so as to warrant recovery. Additionally, even if we
      find
      gold and/or silver mineralization ****** in
      sufficient quantity to warrant recovery, we cannot guarantee that the ore will
      be recoverable. Finally, even if any gold and/or silver ****** mineralization ****** is
      recoverable, we cannot guarantee that this can be done at a profit. Failure
      to
      locate gold deposits in economically recoverable quantities will cause us to
      cease operations.




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




Because
      the probability of an individual prospect ever having reserves is extremely
      remote, in all probability our sole property, the Waibau Claim, does not contain
      any reserves, and any funds spent on exploration will be lost. If we cannot
      raise further funds as a result, we may have to suspend or cease operations
      entirely which would result in the loss of your investment.




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




None
      of
      our management team has experience exploring for minerals, starting and
      operating a mineral exploration company, nor do they have training in these
      areas. As a result their decisions and choices may not take into account
      standard managerial approaches mineral exploration companies commonly use.
      Consequently our ultimate financial success could suffer irreparable harm due
      to
      certain of management's lack of experience. Additionally, our officers and
      directors have no direct training or experience in managing and fulfilling
      the
      regulatory reporting obligations of a ‘public company’ like Laural. We will have
      to hire professionals to undertake these filing requirements for Laural and
      this
      will increase the overall cost of operations. As a result we may have to suspend
      or cease exploration activity, or cease operations altogether, which will result
      in the loss of your investment.




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




We
      estimate that, with funding committed by our management combined with our cash
      on hand, we have sufficient cash to continue operations for twelve months
      provided we only carry out Phase I of our planned exploration activity. We
      are
      in the pre-exploration stage. We need to raise additional capital to undertake
      even Phase II of our planned exploration activity. You may be investing in
      a
      company that will not have the funds necessary to conduct any meaningful
      exploration activity due to our inability to raise additional capital. If that
      occurs we will have to delay exploration or cease our exploration activity
      and
      go out of business which will result in the loss of your investment.




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




The
      possibility of development of and production from our exploration property
      depends upon the results of exploration programs and/or feasibility studies
      and
      the recommendations of duly qualified professional engineers and geologists.
      We
      are small company and do not have much capital. We must limit our exploration
      activity unless and until we raise additional capital. Any decision to expand
      our operations on our exploration property will involve the consideration and
      evaluation of several significant factors beyond our control. These factors
      include, but are not limited to:






-16-






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




These
      types of programs require substantial capital. Because we may have to limit
      our
      exploration, we may not find an ore body, even though our property may contain
      mineralized material. Without an ore body, we cannot generate revenues and
      you
      will lose your investment.




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




Our
      President will be devoting only 15% of his time, approximately 24 hours per
      month, to our business. Our Chief Financial Officer and Secretary-Treasurer
      will
      be devoting only approximately 10% of his time, or 16 hours per month to our
      operations. As a consequence of the limited devotion of time to the affairs
      of
      the Company expected from management, our business may suffer. For example,
      because our officers and directors have other outside business activities and
      may not be in a position to devote a majority of their time to our exploration
      activity, our exploration activity may be sporadic or may be periodically
      interrupted or suspended. Such suspensions or interruptions may cause us to
      cease operations altogether and go out of business.




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




We
      have
      made no attempt to locate or negotiate with any suppliers of products, equipment
      or materials. We will attempt to locate products, equipment and materials as
      and
      when we begin to undertake exploration activity, expected later this year.
      Competition and unforeseen limited sources of supplies in the industry could
      result in occasional spot shortages of equipment and/or supplies we need to
      conduct our planned exploration work. If we cannot find the products and
      equipment we need, we will have to suspend our exploration plans until we do
      find the products and equipment we need.




***No
      matter how much money is spent on the Waibau Claim, the risk is that we might
      never identify a commercially viable ore reserve.***





Over
      the
      coming years, we might expend considerable capital on exploration of the Waibau
      Claim without finding anything of value. It is very likely the Waibau Claim
      does
      not contain any reserves so any funds spent on exploration will probably be
      lost. No matter how much money is spent on the Waibau Claim, we might never
      be
      able to find a commercially viable ore reserve.




***Even
      if our property were found to contain a deposit, since we have not put a mineral
      deposit into production before, we will have to acquire outside expertise.
      If we
      are unable to acquire such expertise we may be unable to put our property into
      production and you may lose your investment.***




We
      have
      no experience in placing mineral deposit properties into production, and our
      ability to do so will be dependent upon using the services of appropriately
      experienced personnel or entering into agreements with other major resource
      companies that can provide such expertise. There can be no assurance that we
      will have available to us the necessary expertise when and if we place a mineral
      deposit into production. ******






-17-




***Mineral
      exploration and development activities are inherently risky and we may be
      exposed to environmental liabilities. If such an event were to occur it may
      result in a loss of your investment.***




The
      business of mineral exploration and extraction involves a high degree of risk.
      Few properties that are explored are ultimately developed into production.
      Most
      exploration projects do not result in the discovery of commercially mineable
      deposits of ore.  The Waibau Claim, our sole property, does not have a
      known body of commercial ore. Should our mineral claim be found to have
      commercial quantities of ore, we would be subject to additional risks respecting
      any development and production activities. Unusual or unexpected formations,
      formation pressures, fires, power outages, labour disruptions, flooding,
      explosions, cave-ins, landslides and the inability to obtain suitable or
      adequate machinery, equipment or labour are other risks involved in extraction
      operations and the conduct of exploration programs. We do not carry liability
      insurance with respect to our mineral exploration operations and we may become
      subject to liability for damage to life and property, environmental damage,
      cave-ins or hazards. There are also physical risks to the exploration personnel
      working in the rugged terrain of our claim. Previous mining exploration
      activities may have caused environmental damage to the Waibau Claim. It may
      be
      difficult or impossible to assess the extent to which such damage was caused
      by
      us or by the activities of previous operators, in which case, any indemnities
      and exemptions from liability may be ineffective.




***Even
      with positive results during exploration, the Waibau Claim might never be put
      into commercial production due to inadequate tonnage, low metal prices or high
      extraction costs.***





We
      might
      be successful, during future exploration programs, in identifying a source
      of
      minerals of good grade but not in the quantity, the tonnage, required to make
      commercial production feasible. If the cost of extracting any minerals that
      might be found on the Waibau Claim is in excess of the selling price of such
      minerals, we would not be able to develop the claim. Accordingly even if ore
      reserves were found on the Waibau Claim, without sufficient tonnage we would
      still not be able to economically extract the minerals from the claim in which
      case we would have to abandon the Waibau Claim and seek another mineral property
      to develop, or cease operations altogether.




***Our
      officers and directors own a substantial amount of our common stock and will
      have substantial influence over our operations.***




Our
      directors and officers currently own 1,750,000 shares of common stock
      representing 68.6% of our outstanding shares. The directors and officers
      registered for resale under an effective Form SB-2 175,000 of their shares.
      Assuming that such directors and officers sell their 175,000 shares, they will
      still own 1,575,000 shares of common stock representing 61.8% of our outstanding
      shares. As a result, they will have substantial influence over our operations
      and can effect certain corporate transaction without further shareholder
      approval. This concentration of ownership may also have the effect of delaying
      or preventing a change in control.




***Without
      a public market there is no liquidity for our shares and our shareholders may
      never be able to sell their shares which would result in a total loss of their
      investment.*** ****




Our
      common shares are not listed on any exchange or quotation system. There is
      no
      market for our shares. Consequently, our shareholders will not be able to sell
      their shares in an organized market place unless they sell their shares
      privately. If this happens, our shareholders might not receive a price per
      share
      which they might have received had there been a public market for our shares.
      To
      be quoted on the OTCBB:





●
            We
                will have to be sponsored by a participating market maker who will
                filea
                Form 211 on our behalf since we will not have direct access to the
                FINRA
              personnel;
                and●
            We
                will not be quoted on the OTCBB unless we are current in our periodicreports
                filed with the SEC.






-18-





From
      the
      date of this prospectus, we estimate that it will take us between twelve to
      eighteen weeks to be approved for a quotation on the OTCBB. However, we cannot
      be sure we will be able to obtain a participating market maker or be approved
      for a quotation on the OTCBB, in which case, there will be no liquidity for
      the
      shares of our shareholders.





***Even
      if a market*** **** ***develops
      for our shares our shares may be thinly traded, with wide share price
      fluctuations, low share prices and minimal liquidity.***





If
      a
      market for our shares develops, the share price may be volatile with wide
      fluctuations in response to several factors, including:





●
            Potential
                investors’ anticipated feeling regarding our results of
                operations;●
            Increased
                competition and/or variations in mineral prices;●
            Our
                ability or inability to generate future revenues; and●
            Market
                perception of the future of the mineral exploration
                industry.





In
      addition, if our shares are quoted on the OTCBB, our share price may be impacted
      by factors that are unrelated or disproportionate to our operating performance.
      Our share price might be affected by general economic, political and market
      conditions, such as recessions, interest rates or international currency
      fluctuations. In addition, even if our stock is approved for quotation by a
      market maker through the OTCBB, stocks traded over this quotation system are
      usually thinly traded, highly volatile and not followed by analysts. These
      factors, which are not under our control, may have a material effect on our
      share price.





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





We
      may
      seek additional funds through the sale of our common stock. This will result
      in
      a dilution effect to our shareholders whereby their percentage ownership
      interest in the Company is reduced. The magnitude of this dilution effect will
      be determined by the number of shares we will have to issue in the future to
      obtain the funds required.




***Since
      our securities are subject to penny stock rules, you may have difficulty
      reselling your shares*** **.**




Our
      shares are "penny stocks" and are covered by Section 15(g) of the Securities
      Exchange Act of 1934 which imposes additional sales practice requirements on
      broker/dealers who sell the Company's securities including the delivery of
      a
      standardized disclosure document; disclosure and confirmation of quotation
      prices; disclosure of compensation the broker/dealer receives; and, furnishing
      monthly account statements. For sales of our securities, the broker/dealer
      must
      make a special suitability determination and receive from its customer a written
      agreement prior to making a sale. The imposition of the foregoing additional
      sales practices could adversely affect a shareholder's ability to dispose of
      his
      stock.




**ITEM
      3.**  **CONTROLS
      AND PROCEDURES**





(a)  Evaluation
      of Disclosure Controls and Procedures





Our
      Chief
      Executive Officer and our Chief Financial Officer, after evaluating the
      effectiveness of Laural’s controls and procedures (as defined in the Securities
      Exchange Act of 1934 Rule 13a, 14(c) and 15d 14(c) as of the end of the period
      of the filing of this quarterly report on Form 10-QSB (the “Evaluation Date”),
      have concluded that as of the Evaluation Date, Laural’s disclosure and
      procedures were adequate and effective to ensure that material information
      relating to it would be made known to it by others, particularly during the
      period in which this quarterly report on Form 10-QSB was being
      prepared.






-19-





(b)  Changes
      in Internal Controls





There
      were no material changes in Laural’s internal controls or in other factors that
      could materially affect Laural’s disclosure controls and procedures subsequent
      to the Evaluation Date, nor any significant deficiencies or material weaknesses
      in such disclosure controls and procedures requiring corrective
      actions.





**PART
      11 - OTHER INFORMATION**





**ITEM
      1.**  **LEGAL
      PROCEEDINGS**





There
      are
      no legal proceedings to which Laural or is a party or to which the Waibau Gold
      Claim is subject, nor to the best of management’s knowledge are any material
      legal proceedings contemplated.





**ITEM
      2.**  **UNREGISTERED
      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**





There
      has
      been no change in our securities since the fiscal year ended May 31,
      2007.





**ITEM
      3.**  **DEFAULTS
      UPON SENIOR SECURITIES**





None





**ITEM
      4.**  **SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS**





There
      have been no matters brought forth to the securities holders to vote upon during
      this quarter.





**ITEM
      5.**  **OTHER
      INFORMATION**





None





**ITEM
      6.**  **EXHIBITS
      AND REPORTS ON FORM 8-K**





(a)
      (3) **Exhibits**





The
      following exhibits are included as part of this report by
      reference:





3.1
            
            Certificate
                of Incorporation (incorporated by reference from Laural’s Registration
                Statement on Form SB-2 filed on July 27, 2007, Registration No.
                333-144923)3.2
            
            Articles
                of Incorporation (incorporated by reference from Laural’s Registration
                Statement on Form SB-2 filed on July 27, 2007, Registration No.333-144923)3.3
            
            By-laws
                (incorporated by reference from Laural’s Registration Statement on Form
                SB-2 filed on July 27, 2007, Registration No.
                333-144923)4
            
            Stock
                Specimen (incorporated by reference from Laural’s Registration Statement
                on Form SB-2 filed on July 27, 2007, Registration No.
                333-144923)10.1
            
            Transfer
                Agent and Registrar Agreement (incorporated by reference from Laural’s
                Registration Statement on Form SB-2 filed on July27, 2007 Registration
                No.
                333-144923)











-20-










**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.





**LAURAL
                RESOURCES, INC.**(Registrant)Date:
                September 17, 2007
            MANDI
                LUISChief
                Executive Officer, President and DirectorDate:
                September 17, 2007
            ROBERT
                MACKAYChief
                Financial Officer, Chief Accounting
              Officer,
                Secretary and Director










-21-