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| [X] | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|-----|---------------------------------------------------------------------------------------------------|

| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------------|----------------------------------------------------------------------------------------------------|

| Nevada(State      or other jurisdictionOf      incorporation or organization) |   | 26-0841675(IRS      EmployerIdentification      No.) |
|-------------------------------------------------------------------------------|--------|------------------------------------------------------|

| Large accelerated filer      [  ] | Accelerated filer      [  ] |
|---------------------------------------------|---------------------------------------|
| Non-accelerated filer      [  ]   | Smaller reporting company      [x]    |

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|          |                                                                                                                                                                                        | Page   |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I.  | FINANCIAL      INFORMATION                                                                                                                                                                  |   |
|          |                                                                                                                                                                                        |   |
| Item      1.  | Financial      Statements                                                                                                                                                                   |   |
|          |                                                                                                                                                                                        |   |
|          | Condensed      Balance SheetsApril      30, 2008 (unaudited) and July 31, 2007                                                                                                              | 3      |
|          |                                                                                                                                                                                        |   |
|          | Condensed      Statements of Operations (unaudited)Nine      Months Ended April 30, 2008 and 2007and      Cumulative Amounts from July 8, 2003 (Inception) to April 30,      2008           | 4      |
|          |                                                                                                                                                                                        |   |
|          | Condensed      Statements of Cash Flows (unaudited)Three      and Nine Months Ended April 30, 2008 and 2007and      Cumulative Amounts from July 8, 2003 (Inception) to April 30,      2008 | 5      |
|          |                                                                                                                                                                                        |   |
|          | Notes      to Condensed Financial Statements (unaudited)                                                                                                                                    | 6      |
|          |                                                                                                                                                                                        |   |
| Item      2.  | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                                                                       | 8      |
|          |                                                                                                                                                                                        |   |
| Item      3.  | Quantitative      and Qualitative Disclosures About Market Risk                                                                                                                             | 9      |
|          |                                                                                                                                                                                        |   |
| Item      4T. | Controls      and Procedures                                                                                                                                                                | 9      |
|          |                                                                                                                                                                                        |   |
| PART      II. | OTHER      INFORMATION                                                                                                                                                                      |   |
|          |                                                                                                                                                                                        |   |
| Item      1.  | Legal      Proceedings                                                                                                                                                                      | 11     |
|          |                                                                                                                                                                                        |   |
| Item      1A. | Risk      Factors                                                                                                                                                                           | 11     |
|          |                                                                                                                                                                                        |   |
| Item      2.  | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                            | 11     |
|          |                                                                                                                                                                                        |   |
| Item      3.  | Defaults      Upon Senior Securities                                                                                                                                                        | 11     |
|          |                                                                                                                                                                                        |   |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                                                                                                                                    | 11     |
|          |                                                                                                                                                                                        |   |
| Item      5.  | Other      Information                                                                                                                                                                      | 11     |
|          |                                                                                                                                                                                        |   |
| Item      6.  | Exhibit      Index                                                                                                                                                                          | 11     |
|          |                                                                                                                                                                                        |   |
| Signatures    |                                                                                                                                                                                        | 12     |

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|                                                                       |   | April      30,2008(Unaudited) |    |   | July 31,2007(Audited) |   |
|----------------------------------------------------------------------------|--------|-------------------------------|---------|--------|-----------------------|--------|
|                                                                       |   |                          |    |   |                  |   |
| ASSETS                                                                     |   |                          |    |   |                  |   |
| Current      assets                                                        |   |                          |    |   |                  |   |
| Cash      and cash equivalents                                             |   | $                             | 49      |   |                  | $      | 175 |   |
| Prepaids                                                                   |   |                          | -       |   |                  |   | - |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total      Current Assets                                                  |   |                          | 49      |   |                  |   | 175 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Mineral property (Note      3)                                             |   |                          | 876     |   |                  |   | 876 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total      assets                                                          |   | $                             | 925     |   |                  | $      | 1,051 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIENCY)               |   |                          |    |   |                  |   |   |   |
| Current      liabilities                                                   |   |                          |    |   |                  |   |   |   |
| Accounts payable and accrued      liabilities                              |   | $                             | 28,442  |   |                  | $      | 5,402 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total Current      Liabilities                                             |   |                          | 28,442  |   |                  |   | 5,402 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total      liabilities                                                     |   |                          | 28,442  |   |                  |   | 5,402 |   |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Stockholders’      equity (deficiency)                               |   |                          |    |   |                  |   |   |   |
| Common stock - $0.001 par      value; authorized – 75,000,000 shares |   |                          |    |   |                  |   |   |   |
| Issued and outstanding –      6,000,000 shares                       |   |                          | 6,000   |   |                  |   | 6,000 |   |
| Capital in excess of par      value                                        |   |                          | 24,000  |   |                  |   | 24,000 |   |
| (Deficit) accumulated during      the development stage                    |   |                          | (57,517 | )      |                  |   | (34,351 | ) |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total stockholders’ equity      (deficiency)                         |   |                          | (27,517 | )      |                  |   | (4,351 | ) |
|                                                                       |   |                          |    |   |                  |   |   |   |
| Total      liabilities and stockholders’ equity (deficiency)         |   | $                             | 925     |   |                  | $      | 1,051 |   |

----

|                                      |   |  Three      Months EndedApril      30, 2008 |      |   |  Three      Months EndedApril      30, 2007 |   |      |  Nine      Months EndedApril      30, 2008 |   |   |  Nine      Months EndedApril      30, 2007 |   |   | CumulativeAmounts      FromInceptionToApril      30, 2008 |      |
|-------------------------------------------|--------|-------------------------------------------------------|-----------|--------|-------------------------------------------------------|--------|-----------|------------------------------------------------------|--------|--------|------------------------------------------------------|--------|--------|----------------------------------------------------------------|-----------|
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |
| REVENUES                                  |   | $                                                     | -         |   |                                                  | $      | -         |                                                 |   | $      | -                                                    |   |   | $                                                              | -         |   |   | $ | 387 |   |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| EXPENSES                                  |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| General and      Administrative           |   |                                                  | 3,047     |   |                                                  |   | 1,222     |                                                 |   | $      | 22,360                                               |   |   |                                                           | 19,278    |   |   | $ | 52,538 |   |
| Mineral exploration      costs            |   |                                                  | -         |   |                                                  |   | -         |                                                 |   |   | 806                                                  |   |   |                                                           | 806       |   |   |   | 3,726 |   |
| Oil      and gas property operating costs |   |                                                  | -         |   |                                                  |   | -         |                                                 |   |   | -                                                    |   |   |                                                           | -         |   |   |   | 1,310 |   |
| Loss      on disposal of oil and gas      |   |                                                  | -         |   |                                                  |   | -         |                                                 |   |   | -                                                    |   |   |                                                           | -         |   |   |   | 330 |   |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
|                                      |   |                                                  | (3,047    | )      |                                                  |   | (1,222    | )                                                    |   |   | (23,166                                              | )      |   |                                                           | (20,084   | ) |   |   | (57,904 | ) |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| Net      (Loss)                           |   | $                                                     | (3,047    | )      |                                                  | $      | (1,222    | )                                                    |   | $      | (23,166                                              | )      |   | $                                                              | (20,084   | ) |   | $ | (57,517 | )    |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| Net      (Loss) Per Common Share          |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| Basic      and Diluted                    |   | $                                                     | (0.001    | )      |                                                  | $      | (0.003    | )                                                    |   | $      | (0.004                                               | )      |   | $                                                              | (0.003    | ) |   | $ | (0.011 | ) |
|                                      |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| Weighted      average number of           |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| common      shares outstanding            |   |                                                  |      |   |                                                  |   |      |                                                 |   |   |                                                 |   |   |                                                           |      |   |   |   |   |   |
| Basic      and Diluted                    |   |                                                  | 6,000,000 |   |                                                  |   | 6,000,000 |                                                 |   |   | 6,000,000                                            |   |   |                                                           | 6,000,000 |   |   |   | 5,113,515 |   |

----

|                                                                                      |   |   Nine      Months EndedApril      30, 2008 |    |   |   Nine      Months EndedApril      30, 2007 |   |    | CumulativeAmounts      FromInceptionToApril      30, 2008 |   |
|-------------------------------------------------------------------------------------------|--------|------------------------------------------------------------|---------|--------|------------------------------------------------------------|--------|---------|----------------------------------------------------------------|--------|
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                                                 |   |                                                       |    |   |                                                       |   |    |                                                           |   |
| Net (Loss)                                                                                |   | $                                                          | (23,166 | )      |                                                       | $      | (20,084 | )                                                              |   | $ | (57,517 | )    |
| Adjustments      to reconcile net (loss) to net cash (used) by operating      activities: |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Loss      on disposal of interest in oil and gas property                                 |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | 330 |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Change      in non-cash working capital item:                                             |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Decrease in      prepaids                                                                 |   |                                                       | -       |   |                                                       |   | 3,870   |                                                           |   |   | - |   |
| Increase in accounts payable      and accrued liabilities                                 |   |                                                       | 23,040  |   |                                                       |   | 3,392   |                                                           |   |   | 28,442 |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Net cash (used) by operating      activities                                              |   |                                                       | (126    | )      |                                                       |   | (12,822 | )                                                              |   |   | (28,745 | ) |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                                 |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Loan receivable                                                                           |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | - |   |
| Purchase of interest in oil and      gas property                                         |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | (3,830 | ) |
| Disposal of interest in oil and      gas property                                         |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | 3,500 |   |
| Purchase of undeveloped mineral      property                                             |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | (876 | ) |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Net cash (used) in investing      activities                                              |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | (1,206 | ) |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                 |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Sale of common    stock                                                                   |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | 30,000 |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Net cash provided by financing      activities                                            |   |                                                       | -       |   |                                                       |   | -       |                                                           |   |   | 30,000 |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Net      increase (decrease) in cash                                                      |   |                                                       | (126    | )      |                                                       |   | (12,822 | )                                                              |   |   | 49 |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Cash,      beginning of periods                                                           |   |                                                       | 175     |   |                                                       |   | 14,622  |                                                           |   |   | - |   |
|                                                                                      |   |                                                       |    |   |                                                       |   |    |                                                           |   |   |   |   |
| Cash,      end of periods                                                                 |   | $                                                          | 49      |   |                                                       | $      | 1,800   |                                                           |   | $ | 49 |   |

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|   | During      the year ended July 31, 2004, the Company acquired six unpatented lode      mining claims. The Company must perform annual assessment work of $100 for      each claim or pay an annual maintenance fee of $100 per claim. These      claims are located in western Luna County, New Mexico and are collectively      known as the Home Ranch Prospect. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | No      exploration efforts have been conducted on the Company’s mineral property      and, accordingly, the ultimate recovery of the Company’s investment in      mineral property is dependent upon the discovery of commercially      profitable ore reserves through future exploration efforts and the      subsequent development or sale of suchreserves. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Regulation      S-K Number | Exhibit                                                                                                                                                 |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|  3.1                  |  Articles      of Incorporation (1)                                                                                                                |
|  3.2                  |  Amendment      to Articles of Incorporation (1)                                                                                                   |
|  3.3                  |  Bylaws      (1)                                                                                                                                   |
|  10.1                 |  Notice      of Mining Claims HR #1-6, recorded by Luna County, New Mexico, on March      24, 2004 (1)                                             |
|  10.2                 |  Confirmation      of Agreement with Leroy Halterman dated August 1, 2007  (1)                                                                     |
|  10.3                 |  Loan      Commitment Letter from Wellington Financial Corporation dated August 1,      2007 (1)                                                   |
|  10.4                 |  Notice      of Intent to Hold the HR #1-6 Lode Mining Claims, filed with the Bureau of      Land Management on August 15, 2007 (1)                |
|  10.5                 |  Notice      of Intent to Hold the HR #1-6 Lode Mining Claims recorded by Luna County,      New Mexico, on August 17, 2007 (1)                     |
|  31.1                 |  Rule      15d-14(a) Certification of Armando Garcia                                                                                               |
|  32.1                 |  Certification      of Armando Garcia Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant      to Section 906 of the Sarbanes-Oxley Act of2002 |

| (1) | Incorporated      by reference to the exhibits to the registrant’s registration statement on      Form SB-1 filed November 19, 2007, file number  333-147501. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | SIGNATURES |
|--------|------------|

|                           | HOMELAND RESOURCES      LTD. |                                             |
|--------------------------------|------------------------------|--------------------------------------------------|
|                           |                         |                                             |   |
| Date:       June 13, 2008 | By:                          | /s/ Armando      Garcia                     |   |
|                           |                         | Armando      Garcia,                             |   |
|                           |                         | President,      Secretary, Treasurer             |   |
|                           |                         | (principal      executive and financial officer) |   |

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