----

----

|                                                 | LUCKY BOY SILVER CORP. |   |
|------------------------------------------------------|------------------------|--------|
| (Exact name of small business issuer in its charter) |

|                            | Wyoming |                |   |   | 26-0665441 |   |
|---------------------------------|---------|---------------------|--------|--------|------------|--------|
| (State or other jurisdiction of |    | (I.R.S. Employer    |
| incorporation or organization)  |    | Identification No.) |

|                                     | 5466 Canvasback Rd., Blaine, Washington |       |   |   | 98230 |   |   |
|------------------------------------------|-----------------------------------------|------------|--------|--------|-------|--------|--------|
| (Address of principal executive offices) |                                    | (Zip Code) |   |

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

----

----

| PART I – FINANCIAL INFORMATION                                    |   | 4      |
|-------------------------------------------------------------------------|--------|--------|
|                                                                    |   |   |
| ITEM 1. FINANCIAL STATEMENTS                                            |   | 4      |
|                                                                    |   |   |
| ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION |   | 13     |
|                                                                    |   |   |
| ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK      |   | 19     |
|                                                                    |   |   |
| ITEM 4T. CONTROLS AND PROCEDURES                                        |   | 19     |
|                                                                    |   |   |
| PART II – OTHER INFORMATION                                       |   | 20     |
|                                                                    |   |   |
| ITEM 1. LEGAL PROCEEDINGS                                               |   | 20     |
|                                                                    |   |   |
| ITEM 1A. RISK FACTORS                                                   |   | 20     |
|                                                                    |   |   |
| ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS     |   | 22     |
|                                                                    |   |   |
| ITEM 3. DEFAULTS UPON SENIOR SECURITIES                                 |   | 24     |
|                                                                    |   |   |
| ITEM 4. [REMOVED AND RESERVED]                                          |   | 24     |
|                                                                    |   |   |
| ITEM 5. OTHER INFORMATION                                               |   | 24     |
|                                                                    |   |   |
| ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                |   | 25     |
|                                                                    |   |   |
| SIGNATURES                                                              |   | 26     |

----

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

|                                                                                                                                              |   | Page   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                                                              |   |   |
| Balance Sheets – November 30, 2010 and May 31, 2010                                                                                         |   | 5      |
|                                                                                                                                              |   |   |
| Statements of Operations for the six months ended November 30, 2010 and 2009 and for the period October 19, 2006 (Inception) to November 30, 2010 |   | 6      |
|                                                                                                                                              |   |   |
| Statements of Stockholder’s Equity (Deficit) for the period October 19, 2006 (Inception) to November 30, 2010                               |   | 7      |
|                                                                                                                                              |   |   |
| Statements of Cash Flows for the six months ended November 30, 2010 and 2009 and for the period October 19, 2006 (Inception) to November 30, 2010 |   | 8      |
|                                                                                                                                              |   |   |
| Notes to Financial Statements                                                                                                                     |   | 9-12   |

----

----

|                                                                                                                                        |   |         |     |   |    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|----------|--------|---------|--------|
|                                                                                                                                        |   | November 30, |     |   | May 31, |   |
|                                                                                                                                        |   | 2010         |     |   | 2010    |   |
|                                                                                                                                        |   | (Unaudited)  |     |   |    |   |
|                                                                                                                                        |
| ASSETS                                                                                                                                      |
|                                                                                                                                        |   |         |     |   |    |   |
| CURRENT ASSETS                                                                                                                              |   |         |     |   |    |   |
|                                                                                                                                        |   |         |     |   |    |   |
| Cash                                                                                                                                        |   | $            | 213,395  |   |    | $      | 46,393 |   |
| Restricted cash                                                                                                                             |   |         | 23,738   |   |    |   | 43,500 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Total Current Assets                                                                                                                        |   |         | 237,133  |   |    |   | 89,893 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| OTHER ASSETS                                                                                                                                |   |         |     |   |    |   |   |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Deposits                                                                                                                                    |   |         | 1,200    |   |    |   | 1,200 |   |
| Mining claims, net                                                                                                                          |   |         | 57,500   |   |    |   | 57,500 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Total Other Assets                                                                                                                          |   |         | 58,700   |   |    |   | 58,700 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| TOTAL ASSETS                                                                                                                                |   | $            | 295,833  |   |    | $      | 148,593 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                  |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| CURRENT LIABILITIES                                                                                                                         |   |         |     |   |    |   |   |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Accounts payable and accrued expenses                                                                                                       |   | $            | 830      |   |    | $      | 1,080 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Total Current Liabilities                                                                                                                   |   |         | 830      |   |    |   | 1,080 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| STOCKHOLDERS’ EQUITY                                                                                                                  |   |         |     |   |    |   |   |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Common stock, 500,000,000 shares authorized at par value of $0.001; 140,946,154 and 140,465,000 shares issued and outstanding, respectively |   |         | 140,946  |   |    |   | 140,465 |   |
| Additional paid-in capital                                                                                                                  |   |         | 609,204  |   |    |   | 334,685 |   |
| Stock subscription payable                                                                                                                  |   |         | -        |   |    |   | 50,000 |   |
| Other comprehensive loss                                                                                                                    |   |         | 59       |   |    |   | 59 |   |
| Deficit accumulated during the exploration stage                                                                                            |   |         | (455,206 | )      |    |   | (377,696 | ) |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| Total Stockholders’ Equity                                                                                                            |   |         | 295,003  |   |    |   | 147,513 |   |
|                                                                                                                                        |   |         |     |   |    |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                            |   | $            | 295,833  |   |    | $      | 148,593 |   |

----

|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   | From Inception |        |
|-----------------------------------------------|--------|----------------------------|-------------|--------|--------------------------|--------|-------------|--------------|--------|--------|-------------|--------|--------|----------------|-------------|
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   | on October 19, |        |
|                                          |   | For the Three Months Ended |        |   | For the Six Months Ended |   |        | 2006 Through |   |
|                                          |   | November 30,               |        |   | November 30,             |   |        | November 30, |   |
|                                          |   | 2010                       |        |   | 2009                     |   |        | 2010         |   |   | 2009        |   |   | 2010           |        |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |
| REVENUES                                      |   | $                          | -           |   |                     | $      | -           |         |   | $      | -           |   |   | $              | -           |   |   | $ | - |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| OPERATING EXPENSES                            |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| Professional fees                             |   |                       | 19,434      |   |                     |   | 1,118       |         |   |   | 45,131      |   |   |           | 2,603       |   |   |   | 246,317 |   |
| Exploration of resource property              |   |                       | 4,080       |   |                     |   | -           |         |   |   | 18,212      |   |   |           | -           |   |   |   | 53,212 |   |
| Impairment of mining claims                   |   |                       | -           |   |                     |   | -           |         |   |   | -           |   |   |           | -           |   |   |   | 57,500 |   |
| General and administrative expenses           |   |                       | 9,014       |   |                     |   | 5,101       |         |   |   | 14,167      |   |   |           | 7,026       |   |   |   | 98,177 |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| Total Operating Expenses                      |   |                       | 32,528      |   |                     |   | 6,219       |         |   |   | 77,510      |   |   |           | 9,629       |   |   |   | 455,206 |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| LOSS FROM OPERATIONS                          |   |                       | (32,528     | )      |                     |   | (6,219      | )            |   |   | (77,510     | )      |   |           | (9,629      | ) |   |   | (455,206 | ) |
| PROVISION FOR INCOME TAXES                    |   |                       | -           |   |                     |   | -           |         |   |   | -           |   |   |           | -           |   |   |   | - |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| NET LOSS                                      |   | $                          | (32,528     | )      |                     | $      | (6,219      | )            |   | $      | (77,510     | )      |   | $              | (9,629      | ) |   | $ | (455,206 | ) |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| BASIC AND DILUTED LOSS PER SHARE              |   | $                          | (0.00       | )      |                     | $      | (0.00       | )            |   | $      | (0.00       | )      |   | $              | (0.00       | ) |   |   |   |   |
|                                          |   |                       |        |   |                     |   |        |         |   |   |        |   |   |           |        |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |   |                       | 140,725,493 |   |                     |   | 133,500,000 |         |   |   | 140,597,285 |   |   |           | 133,500,000 |   |   |   |   |   |

----

|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   | Deficit       |   |   |             |   |
|-------------------------------------------|--------|--------------|-------------|--------|---------|--------|---------|--------------|--------|--------|---------------|--------|--------|-------------|---------|--------|---------------|--------|--------|------------------|--------|
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   | Accumulated   |   |   |             |   |
|                                      |   |         |        |   |    |   |    | Additional   |   |   | Stock         |   |   | Other       |    |   | During the    |   |   | Total            |   |
|                                      |   | Common Stock |        |   | Paid-in |   |    | Subscription |   |   | Comprehensive |   |   | Exploration |    |   | Stockholders' |   |
|                                      |   | Shares       |        |   | Amount  |   |    | Capital      |   |   | Payable       |   |   | Loss        |    |   | Stage         |   |   | Equity/(Deficit) |   |
| Balance, October 19, 2006                 |   |         | -           |   |    | $      | -       |         |   | $      | -             |   |   | $           | -       |   |          | $      | -      |             |   | $ | - |   |   | $ | - |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common shares issued for cash             |   |         | 103,500,000 |   |    |   | 103,500 |         |   |   | (88,500       | )      |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 15,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Currency exchange loss                    |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | (2     | )                |   |   | - |   |   |   | (2 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Contributed Administrative Support        |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| & other services rendered by officers |   |         | -           |   |    |   | -       |         |   |   | 100           |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 100 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Net loss for the year ended               |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| May 31, 2007                              |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | (5,816 | ) |   |   | (5,816 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Balance, May 31, 2007                     |   |         | 103,500,000 |   |    |   | 103,500 |         |   |   | (88,400       | )      |   |        | -       |   |          |   | (2     | )                |   |   | (5,816 | ) |   |   | 9,282 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common shares issued for cash             |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | - |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Contributed Administrative Support        |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| & other services rendered by officers |   |         | -           |   |    |   | -       |         |   |   | 50            |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 50 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Currency exchange gain                    |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | 61     |             |   |   | - |   |   |   | 61 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Net loss for the year ended               |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
|    May 31, 2008            |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | (56,311 | ) |   |   | (56,311 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Balance, May 31, 2008                     |   |         | 103,500,000 |   |    |   | 103,500 |         |   |   | (88,350       | )      |   |        | -       |   |          |   | 59     |             |   |   | (62,127 | ) |   |   | (46,918 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common shares issued for cash             |   |         | 30,000,000  |   |    |   | 30,000  |         |   |   | 70,000        |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 100,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Net loss for the year ended               |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| May 31, 2009                              |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | (51,056 | ) |   |   | (51,056 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Balance, May 31, 2009                     |   |         | 133,500,000 |   |    |   | 133,500 |         |   |   | (18,350       | )      |   |        | -       |   |          |   | 59     |             |   |   | (113,183 | ) |   |   | 2,026 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Capital contribution                      |   |         | -           |   |    |   | -       |         |   |   | 10,000        |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 10,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common stock issued for cash              |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| at $0.40 per common share                 |   |         | 6,375,000   |   |    |   | 6,375   |         |   |   | 163,625       |   |   |        | 50,000  |   |          |   | -      |             |   |   | - |   |   |   | 220,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common stock issued for services          |   |         | 440,000     |   |    |   | 440     |         |   |   | 119,560       |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 120,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common stock issued for mining claims     |   |         | 150,000     |   |    |   | 150     |         |   |   | 59,850        |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 60,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Net loss for the year ended               |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| May 31, 2010                              |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | (264,513 | ) |   |   | (264,513 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Balance, May 31, 2010                     |   |         | 140,465,000 |   |    |   | 140,465 |         |   |   | 334,685       |   |   |        | 50,000  |   |          |   | 59     |             |   |   | (377,696 | ) |   |   | 147,513 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common stock issued for cash              |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| at $0.40 per common share (unaudited)     |   |         | 125,000     |   |    |   | 125     |         |   |   | 49,875        |   |   |        | (50,000 | )      |          |   | -      |             |   |   | - |   |   |   | - |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Common stock issued for cash              |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| at $0.63 per common share (unaudited)     |   |         | 356,154     |   |    |   | 356     |         |   |   | 224,644       |   |   |        | -       |   |          |   | -      |             |   |   | - |   |   |   | 225,000 |   |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Net loss for the six months ended         |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| November 30, 2010 (unaudited)             |   |         | -           |   |    |   | -       |         |   |   | -             |   |   |        | -       |   |          |   | -      |             |   |   | (77,510 | ) |   |   | (77,510 | ) |
|                                      |   |         |        |   |    |   |    |         |   |   |          |   |   |        |    |   |          |   |   |             |   |   |   |   |   |   |   |   |
| Balance, November 30, 2010 (unaudited)    |   |         | 140,946,154 |   |    | $      | 140,946 |         |   | $      | 609,204       |   |   | $           | -       |   |          | $      | 59     |             |   | $ | (455,206 | ) |   | $ | 295,003 |   |

----

|                                                                        |   |                     |    |   |         |   |    |           |   |
|-----------------------------------------------------------------------------|--------|--------------------------|---------|--------|--------------|--------|---------|----------------|--------|
|                                                                        |   |                     |    |   |         |   |    | From Inception |   |
|                                                                        |   |                     |    |   |         |   |    | on October 19, |   |
|                                                                        |   | For the Six Months Ended |    |   | 2006 Through |   |
|                                                                        |   | November 30,             |    |   | November 30, |   |
|                                                                        |   | 2010                     |    |   | 2009         |   |    | 2010           |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                        |   |                     |    |   |         |   |    |           |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |
| Net loss                                                                    |   | $                        | (77,510 | )      |         | $      | (9,629  | )              |   | $ | (455,206 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                     |    |   |         |   |    |           |   |   |   |   |
| Contributed services by an officer                                          |   |                     | -       |   |         |   | -       |           |   |   | 150 |   |
| Other comprehensive loss                                                    |   |                     | -       |   |         |   | -       |           |   |   | 59 |   |
| Common stock issued for services                                            |   |                     | -       |   |         |   | -       |           |   |   | 120,000 |   |
| Impairment of mining claims                                                 |   |                     | -       |   |         |   | -       |           |   |   | 57,500 |   |
| Changes to operating assets and liabilities:                                |   |                     |    |   |         |   |    |           |   |   |   |   |
| Deposits                                                                    |   |                     | -       |   |         |   | -       |           |   |   | (1,200 | ) |
| Accounts payable                                                            |   |                     | (250    | )      |         |   | (2,075  | )              |   |   | 830 |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| Net Cash Used in Operating Activities                                       |   |                     | (77,760 | )      |         |   | (11,704 | )              |   |   | (277,867 | ) |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| Purchase of mining claims                                                   |   |                     | -       |   |         |   | -       |           |   |   | (55,000 | ) |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| Net Cash Used in Operating Activities                                       |   |                     | -       |   |         |   | -       |           |   |   | (55,000 | ) |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| Capital contribution                                                        |   |                     | -       |   |         |   | 10,000  |           |   |   | 10,000 |   |
| Common stock issued for cash                                                |   |                     | 225,000 |   |         |   | -       |           |   |   | 560,000 |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| Net Cash Provided by Financing Activities                                   |   |                     | 225,000 |   |         |   | 10,000  |           |   |   | 570,000 |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                             |   |                     | 147,240 |   |         |   | (1,704  | )              |   |   | 237,133 |   |
| CASH AT BEGINNING OF PERIOD                                                 |   |                     | 89,893  |   |         |   | 5,351   |           |   |   | - |   |
| CASH AT END OF PERIOD                                                       |   | $                        | 237,133 |   |         | $      | 3,647   |           |   | $ | 237,133 |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                           |   |                     |    |   |         |   |    |           |   |   |   |   |
|                                                                        |   |                     |    |   |         |   |    |           |   |   |   |   |
| CASH PAID FOR:                                                              |   |                     |    |   |         |   |    |           |   |   |   |   |
| Interest                                                                    |   | $                        | -       |   |         | $      | -       |           |   | $ | - |   |
| Income Taxes                                                                |   |                     | -       |   |         |   | -       |           |   |   | - |   |
| NON CASH FINANCING ACTIVITIES:                                              |   |                     |    |   |         |   |    |           |   |   |   |   |
| Common stock issued for mining claims                                       |   | $                        | -       |   |         | $      | -       |           |   | $ | 60,000 |   |

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

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|                             |   | Three Months Ended |   |
|----------------------------------|--------|--------------------|--------|
|                             |   | November 30,       |   |
|                             |   | 2010               |   |   | 2009 |   |   | Difference |   |
| Professional fees                |   | $                  | 19,434 |   |   | $ | 1,118 |   |   | $ | 18,316 |   |
| Exploration of resource property |   |               | 4,080  |   |   |   | - |   |   |   | 4,080 |   |
| General and Administrative       |   |               | 9,014  |   |   |   | 5,101 |   |   |   | 3,913 |   |
| Total expenses                   |   | $                  | 32,528 |   |   | $ | 6,219 |   |   | $ | 26,309 |   |

|                             |   | Six Months Ended |   |
|----------------------------------|--------|------------------|--------|
|                             |   | November 30,     |   |
|                             |   | 2010             |   |   | 2009 |   |   | Difference |   |
| Professional fees                |   | $                | 45,131 |   |   | $ | 2,603 |   |   | $ | 42,528 |   |
| Exploration of resource property |   |             | 18,212 |   |   |   | - |   |   |   | 18,212 |   |
| General and Administrative       |   |             | 14,167 |   |   |   | 7,026 |   |   |   | 7,141 |   |
| Total expenses                   |   | $                | 77,510 |   |   | $ | 9,629 |   |   | $ | 67,881 |   |

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| Operating expenses  |   | $      | 60,000  |   |
|---------------------|--------|--------|---------|--------|
| Exploration program |   |   | 70,000  |   |
| Working Capital     |   |   | 20,000  |   |
| Total               |   | $      | 150,000 |   |

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|                                      |   |             |    |   |         |   |    | From Inception |   |
|-------------------------------------------|--------|------------------|---------|--------|--------------|--------|---------|----------------|--------|
|                                      |   |             |    |   |         |   |    | on October 19, |   |
|                                      |   | Six Months Ended |    |   | 2006 Through |   |
|                                      |   | November 30,     |    |   | November 30, |   |
|                                      |   | 2010             |    |   | 2009         |   |    | 2010           |   |
| Net cash used in operating activities     |   | $                | (77,760 | )      |         | $      | (11,704 | )              |   | $ | (277,867 | ) |
| Net cash provided by investing activities |   |             | -       |   |         |   | -       |           |   |   | (55,000 | ) |
| Net cash provided by financing activities |   |             | 225,000 |   |         |   | 10,000  |           |   |   | 570,000 |   |
| Net increase (decrease) in cash           |   | $                | 147,240 |   |         | $      | (1,704  | )              |   | $ | 237,133 |   |

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 4(T). CONTROLS AND PROCEDURES

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PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

ITEM 1A. RISK FACTORS

|   | ● | our ability to find a profitable exploration property; |
|--------|---------|--------------------------------------------------------|

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|   | ● | our ability to generate revenues; and |
|--------|---------|---------------------------------------|

|   | ● | our ability to reduce exploration costs. |
|--------|---------|------------------------------------------|

|   | ● | Costs of bringing the property into production including exploration work, preparation of production feasibility studies and construction of production facilities; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Availability and costs of financing; |
|--------|---------|--------------------------------------|

|   | ● | Ongoing costs of production; |
|--------|---------|------------------------------|

|   | ● | Market prices for the products to be produced; |
|--------|---------|------------------------------------------------|

|   | ● | Environmental compliance regulations and restraints; and |
|--------|---------|----------------------------------------------------------|

|   | ● | Political climate and/or governmental regulation and control. |
|--------|---------|---------------------------------------------------------------|

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

| Name and Address                                                      |   |              | Date   |   |    | Shares |   |   | Consideration |   |
|-----------------------------------------------------------------------|--------|-------------------|--------|--------|---------|--------|--------|--------|---------------|--------|
|                                                                  |   |              |   |   |    |   |   |   |
| Ray Urquhart155 Tyee Drive, No. 428Point Roberts, WA 98281            |   | November 14, 2006 |   |   | 250,000 |   |   | $      | 2,500         |   |
|                                                                  |   |              |   |   |    |   |   |   |          |   |
| Elizabeth O’Connor174 Gulf Road, No. 34,Point Roberts, WA 98281 |   | November 16, 2006 |   |   | 150,000 |   |   | $      | 1,500         |   |
|                                                                  |   |              |   |   |    |   |   |   |          |   |
| John McNultyP.O. Box 4370Seattle, WA 98194                            |   | November 14, 2006 |   |   | 200,000 |   |   | $      | 2,000         |   |
|                                                                  |   |              |   |   |    |   |   |   |          |   |
| Troy Jackson,1685 H Street, No. 155,Blaine, WA 98230                  |   | November 14, 2006 |   |   | 300,000 |   |   | $      | 3,000         |   |

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ITEM 3. DEFAULTS UPON SENIOR SECURITIES

ITEM 4. [REMOVED AND RESERVED]

ITEM 5. OTHER INFORMATION

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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

| ExhibitNo. |   |   | Description                                                                                                                                                                                                                           |
|------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1        |   |   | Articles of Incorporation attached as an exhibit to our Form SB-2 filed on October 12, 2007                                                                                                                                           |
| 3.2        |   |   | Bylaws attached as an exhibit to our Form SB-2 filed on October 12, 2007                                                                                                                                                              |
| 10.1       |   |   | Option to Purchase and Royalty Agreement dated March 22, 2007 with Jiujiang Gao Feng Mining Industry Limited Company attached as an exhibit to our Form SB-2 filed on October 12, 2007                                                |
| 10.2       |   |   | Form of Private Placement subscription agreement attached as an exhibit to our Form SB-2 filed on October 12, 2007                                                                                                                    |
| 10.3       |   |   | Escrow Agreement dated November 25, 2008 between Ian Jackson, Sierra Ventures Inc. and Harcourt Chan attached as an exhibit to our Form S-1/A filed on January 14, 2009                                                               |
| 10.4       |   |   | First Amendment to Option to Purchase and Royalty Agreement) between Sierra Ventures, Inc. and Jiujiang Gao Feng Mining Industry Limited Company dated May 15 2009 attached as an exhibit to our Form 10-K filed on September 8, 2009 |
| 10.5       |   |   | Form of Private Placement subscription agreement attached as an exhibit to our Form 8-K filed on December 31, 2009                                                                                                                    |
| 10.6       |   |   | Letter Agreement dated February 8, 2010 between Ken Liebscher, Monte Cristo Projects LLC and Alan Chambers attached as an exhibit to our current report on Form 8-K filed on March 1, 2010                                            |
| 10.7       |   |   | Assignment Agreement dated February 23, 2010 with Ken Liebscher attached as an exhibit to our current report on Form 8-K filed on March 1, 2010                                                                                       |
| 14.1       |   |   | Code of Ethics attached as an exhibit to our Form SB-2 filed on October 12, 2007                                                                                                                                                      |
| 31.1*      |   |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act Of 2002                                                                                                                                                               |
| 31.2*      |   |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act Of 2002                                                                                                                                                               |
| 32.1*      |   |   | Certification Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002                                                                                                                                                               |
| 32.2*      |   |   | Certification Pursuant to Section 906 of the Sarbanes-Oxley Act Of 2002                                                                                                                                                               |
| 99.0       |   |   | Form 14c authorizing change in Company shares authorized from 500,000,000 common to 499,000,000 common and 1,000,000 preferred with conversion and voting rights of 1:100 files on Form 8-K filed on December 27, 2010.               |

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SIGNATURES

|                                                           |                               |   |   |                                          |
|----------------------------------------------------------------|------------------------------------|--------|--------|-----------------------------------------------|
| LUCKY BOY SILVER CORP.(Registrant) Date: January 14, 2011 |
|                                                           |                               |   |   |                                          |
| By:                                                            | /s/ Kenneth B. Liebscher           |   | By:    | /s/ Fortunato Villamagna                      |
|                                                           | KENNETH B. LIEBSCHER,              |   |   | DR. FORTUNATO VILLAMAGNA,                     |
|                                                           | President, Chief Executive Officer |   |   | Secretary, Treasurer, Chief Financial Officer |
|                                                           | Principal Executive Officer        |   |   | Principal Financial, Officer and              |
|                                                           |                               |   |   | Principal Accounting Officer                  |