----

----

| 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                         |  o | Smaller reporting company |  x |
| (Do not check if a smaller reporting company) |    |                      |    |

----

----

----

|                                     |
|------------------------------------------|
|                                     |
|                                     |
| FRESH START PRIVATE HOLDINGS, INC.       |
|  (Formerly RIVER EXPLORATION, INC.) |
| (An Exploration Stage Company)           |
|                                     |
| INTERIM FINANCIAL STATEMENTS             |
|                                     |
| May 31, 2011                             |
|                                     |
| Unaudited                                |

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

----

| FRESH START PRIVATE HOLDINGS, INC.       |
|------------------------------------------|
|  (Formerly RIVER EXPLORATION, INC.) |
| (An Exploration Stage Company)           |
|                                     |
| INTERIM BALANCE SHEETS                   |
| Unaudited                                |

|                                                                                      |   | May 31, 2011 |     |   | November 30, 2010 |   |
|-------------------------------------------------------------------------------------------|--------|--------------|----------|--------|-------------------|--------|
|                                                                                      |   |         |     |   | (Audited)         |   |
|                                                                                      |   |         |     |   |              |   |
| ASSETS                                                                                    |
|                                                                                      |   |         |     |   |              |   |
| CURRENT ASSETS                                                                            |   |         |     |   |              |   |
| Cash                                                                                      |   | $            | 511      |   |              | $      | 1,399 |   |
| Prepaid expenses                                                                          |   |         | -        |   |              |   | 406 |   |
| TOTAL ASSETS                                                                              |   | $            | 511      |   |              | $      | 1,805 |   |
|                                                                                      |   |         |     |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)                                      |
|                                                                                      |   |         |     |   |              |   |   |   |
| CURRENT  LIABILITIES                                                            |   |         |     |   |              |   |   |   |
| Accounts payable and accrued liabilities                                                  |   | $            | 46,394   |   |              | $      | 38,375 |   |
| Loans from Related Party (Note 3)                                                         |   |         | 36,238   |   |              |   | 36,238 |   |
| Loans Payable (Note 4)                                                                    |   |         | 36,291   |   |              |   | 36,049 |   |
| TOTAL CURRENT LIABILITIES                                                                 |   | $            | 118,923  |   |              | $      | 110,662 |   |
|                                                                                      |   |         |     |   |              |   |   |   |
| STOCKHOLDER’S  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            |   | $            | 281      |   |              | $      | 281 |   |
|         Additional Paid in Capital                |   |         | 22,419   |   |              |   | 22,419 |   |
| Deficit accumulated during the development stage                                          |   |         | (141,112 | )      |              |   | (131,557 | ) |
| TOTAL STOCKHOLDER’S EQUITY/(DEFICIT)                                                |   | $            | (123,412 | )      |              | $      | (108,857 | ) |
| TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY/(DEFICIT)                                |   | $            | 511      |   |              | $      | 1,805 |   |

----

| FRESH START PRIVATE HOLDINGS, INC.       |
|------------------------------------------|
|  (Formerly RIVER EXPLORATION, INC.) |
| (An Exploration Stage Company)           |
|                                     |
| INTERIM STATEMENTS OF OPERATIONS         |
| Unaudited                                |

|                                                 |   |         |    |   |         |   |    |         |   |   |         |    | Cumulative results |   |
|------------------------------------------------------|--------|--------------|---------|--------|--------------|--------|---------|--------------|--------|--------|--------------|---------|--------------------|--------|
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    | from inception     |   |
|                                                 |   | Three months |    |   | Three months |   |    | Six months   |   |   | Six months   |    | (November 1, 2006) |   |
|                                                 |   | ended        |    |   | ended        |   |    | ended        |   |   | ended        |    |  to           |   |
|                                                 |   | May 31, 2011 |    |   | May 31, 2010 |   |    | May 31, 2011 |   |   | May 31, 2010 |    | May 31, 2011       |   |
| REVENUE                                              |   |         |    |   |         |   |    |         |   |   |         |    |               |   |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |
| Revenues                                             |   | $            | -       |   |         | $      | -       |         |   | $      | -            |    |               | $      | - |   | $ | - |   |
| Total Revenues                                       |   | $            | -       |   |         | $      | -       |         |   | $      | -            |    |               | $      | - |   | $ | - |   |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
| EXPENSES                                             |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
| Office and general                                   |   | $            | 121     |   |         | $      | 120     |         |   | $      | 242          |    |               | $      | 380 |   | $ | 22,519 |   |
| Foreign exchange gain/ (loss)                        |   |         | -       |   |         |   | (100    | )            |   |   | -            |    |               |   | 1,157 |   |   | (1,767 | )  |
| Mining expenses                                      |   |         | -       |   |         |   | -       |         |   |   | -            |    |               |   | - |   |   | 6,044 |   |
| Professional Fees                                    |   |         | 1,688   |   |         |   | 5,648   |         |   |   | 9,313        |    |               |   | 12,360 |   |   | 114,316 |   |
| Loss before income taxes                             |   | $            | 1,809   |   |         | $      | 5,668   |         |   | $      | 9,555        |    |               | $      | 13,897 |   | $ | 141,112 |   |
| Provision for income taxes                           |   |         |    |   |         |   |    |         |   |   | -            |    |               |   | - |   |   | - |   |
| NET LOSS                                             |   | $            | (1,809  | )      |         | $      | (5,668  | )            |   | $      | (9,555       | )       |               | $      | (13,897 | ) | $ | (141,112 | )  |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
| BASIC AND DILUTED LOSS PER COMMON SHARE              |   | $            | (0.01   | )      |         | $      | (0.02   | )       |   | $      | (0.03        | )  |               | $      | (0.05 | )  |   |   |   |
|                                                 |   |         |    |   |         |   |    |         |   |   |         |    |               |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING |   | $            | 280,920 |   |         | $      | 280,920 |         |   | $      | 280,920      |    |               | $      | 280,920 |   |   |   |   |

----

| FRESH START PRIVATE HOLDINGS, INC.                   |
|------------------------------------------------------|
|  (Formerly RIVER EXPLORATION, INC.)             |
| (An Exploration Stage Company)                       |
|                                                 |
| INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) |
| From inception (November 1, 2006) to May 31, 2011    |
|                                                 |
| Unaudited                                            |

|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   | Deficit     |   |   |   |   |
|------------------------------------------------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|---------|--------|--------|--------------|--------|--------|-------------|--------|--------|--------|--------|
|                                                                                     |   |         |       |   |       |   |   |    |   |   | accumulated  |   |   |        |   |
|                                                                                     |   | Common Stock |       |   | Additional |   |   | Share   |   |   | during the   |   |   |        |   |
|                                                                                     |   | Number of    |       |   |       |   |   | Paid-in |   |   | Subscription |   |   | development |   |   |   |   |
|                                                                                     |   | shares       |       |   | Amount     |   |   | Capital |   |   | Receivable   |   |   | stage       |   |   | Total  |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |
| Balance, Inception November 1, 2006                                                      |   |         | -          |   |       | $      | -      |    |   | $      | -            |   |   | $           | -      |   |   | $      | - |   |   | $ | - |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued at $0.000022 per                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| share on November 1, 2006                                                                |   |         | 1,710,000  |   |       |   | 1,710  |    |   |   | 7,790        |   |   |        | -      |   |   |   | - |   |   |   | 9,500 |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Share Subscription Receivable                                                            |   |         |       |   |       |   |   |    |   |   |         |   |   |        | (9,500 | )      |   |   |   |   |   |   | (9,500 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period                                                                  |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   | (1,413 | ) |   |   | (1,413 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2006                                                               |   |         | 1,710,000  |   |       | $      | 1,710  |    |   | $      | 7,790        |   |   | $           | (9,500 | )      |   | $      | (1,413 | ) |   | $ | (1,413 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Proceeds from Subscription Receivable                                                    |   |         |       |   |       |   |   |    |   |   |         | 9,500  |   |        |   |   |   |   |   | 9,500 |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Common Stock issued at $0.00044 per                                                      |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| share  - October, 2007                                                         |   |         | 79,200     |   |       |   | 79     |    |   |   | 8,721        |   |   |        |   |   |   |   |   |   |   |   | 8,800 |   |
|             - November, 2007 |   |         | 21,600     |   |       |   | 22     |    |   |   | 2,378        |   |   |        |   |   |   |   |   |   |   |   | 2,400 |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   | (24,090 | ) |   |   | (24,090 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2007                                                               |   |         | 1,810,800  |   |       | $      | 1,811  |    |   | $      | 18,889       |   |   | $           | -      |   |   | $      | (25,503 | ) |   | $ | (4,803 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   | (32,324 | ) |   |   | (32,324 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2008                                                               |   |         | 1,810,800  |   |       | $      | 1,811  |    |   | $      | 18,889       |   |   | $           | -      |   |   | $      | (57,827 | ) |   | $ | (37,127 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Common Stock redeemed at $0.000022                                                       |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| at $0.35 per share on 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        |   |       |   |   |    |   |   | 10,500       |   |   |        |   |   |   |   |   |   |   |   | 10,500 |   |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   | (30,425 | ) |   |   | (30,425 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2009                                                               |   |         | 280,920    |   |       | $      | 281    |    |   | $      | 22,419       |   |   | $           | -      |   |   | $      | (88,252 | ) |   | $ | (65,552 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year                                                                    |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   | (43,305 | ) |   |   | (43,305 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2010                                                               |   |         | 280,920    |   |       | $      | 281    |    |   | $      | 22,419       |   |   | $           | -      |   |   | $      | (131,557 | ) |   | $ | (108,857 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period to May 31, 2011                                                  |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   | (9,555 | )      |   |   | (9,555 | ) |
|                                                                                     |   |         |       |   |       |   |   |    |   |   |         |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Balance, May 31, 2011                                                                    |   |         | 280,920    |   |       | $      | 281    |    |   | $      | 22,419       |   |   | $           | -      |   |   | $      | (141,112 | ) |   | $ | (118,412 | ) |

----

| FRESH START PRIVATE HOLDINGS, INC.       |
|------------------------------------------|
|  (Formerly RIVER EXPLORATION, INC.) |
| (An Exploration Stage Company)           |
|                                     |
| INTERIM STATEMENTS OF CASH FLOW          |
| Unaudited                                |

|                                              |   |         |   |   |         |   |    | November 1, 2006 |   |
|---------------------------------------------------|--------|--------------|--------|--------|--------------|--------|---------|------------------|--------|
|                                              |   | Six months   |   |   | Six months   |   |    | (inception date) |   |
|                                              |   | ended        |   |   | ended        |   |    | to               |   |
|                                              |   | May 31, 2011 |   |   | May 31, 2010 |   |    | May 31, 2011     |   |
|                                              |   |         |   |   |         |   |    |             |   |
| NET CASH USED IN OPERATING ACTIVITIES             |   |         |   |   |         |   |    |             |   |
| Net loss for the period                           |   | $            | (9,555 | )      |         | $      | (13,897 | )                |   | $ | (141,112 | ) |
| Adjustment to reconcile net loss to net cash used |   |         |   |   |         |   |    |             |   |   |   |   |
| in operating activities:                          |   |         |   |   |         |   |    |             |   |   |   |   |
| Foreign exchange loss/ (gain)                     |   |         | -      |   |         |   | 1,157   |             |   |   | (1,767 | ) |
| Interest on loan payable                          |   |         | 242    |   |         |   |    |             |   |   | 242 |   |
| Changes in operating assets and liabilities       |   |         |   |   |         |   |    |             |   |   |   |   |
| Prepaid Expenses                                  |   |         | 406    |   |         |   | -       |             |   |   | - |   |
| Accounts payable and accrued liabilities          |   | $            | 8,019  |   |         | $      | (7,937  | )                |   | $ | 46,318 |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
|                                              |   | $            | (888   | )      |         | $      | (20,677 | )                |   | $ | (96,319 | ) |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| FINANCING ACTIVITIES                              |   |         |   |   |         |   |    |             |   |   |   |   |
| Proceeds from sale of common stock                |   |         | -      |   |         |   | -       |             |   |   | 22,700 |   |
| Due to related party                              |   |         | -      |   |         |   | 10,884  |             |   |   | 36,238 |   |
| Loans received                                    |   |         | -      |   |         |   | 12,151  |             |   |   | 37,892 |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| NET CASH FROM FINANCING ACTIVITIES                |   | $            | -      |   |         | $      | 23,035  |             |   | $ | 96,830 |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| NET INCREASE ( DECREASE) IN CASH                  |   | $            | (888   | )      |         | $      | 2,358   |             |   | $ | 511 |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| CASH, BEGINNING OF PERIOD                         |   | $            | 1,399  |   |         | $      | 689     |             |   | $ | - |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| CASH, END OF PERIOD                               |   | $            | 511    |   |         | $      | 3,047   |             |   | $ | 511 |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| Supplemental cash flow information:               |   |         |   |   |         |   |    |             |   |   |   |   |
| Cash paid for:                                    |   |         |   |   |         |   |    |             |   |   |   |   |
| Interest                                          |   | $            | -      |   |         | $      | -       |             |   | $ | - |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| Income taxes                                      |   | $            | -      |   |         | $      | -       |             |   | $ | - |   |
|                                              |   |         |   |   |         |   |    |             |   |   |   |   |
| Non-Cash Activities:                              |   |         |   |   |         |   |    |             |   |   |   |   |
| Redemption of common stock and loan               |   |         |   |   |         |   |    |             |   |   |   |   |
| from related party                                |   | $            | -      |   |         | $      | -       |             |   | $ | 8,500 |   |

----

----

----

----

----

| 31.1   | Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer   |
|--------|-------------------------------------------------------------------------|
|   |                                                                    |
| 31.2   | Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer * |
|   |                                                                    |
| 32.1   | Section 1350 Certification of Chief Executive Officer                   |
|   |                                                                    |
| 32.2   | Section 1350 Certification of Chief Financial Officer **                |

----

|                      | FRESH START PRIVATE HOLDINGS, INC. |                                                                  |
|---------------------------|------------------------------------|-----------------------------------------------------------------------|
|                      | (formerly RIVER EXPLORATION, INC.) |                                                                  |
|                      |                               |                                                                  |   |
| Dated: September 14, 2011 | By:                                | /s/ ANDREW AIRD                                                       |   |
|                      |                               | Andrew Aird,                                                          |   |
|                      |                               | President, Secretary Treasurer,                                       |   |
|                      |                               | Principal Executive Officer, Principal Financial Officer and Director |   |

----