----

----

| Nevada | 20-4743354 |
|--------|------------|

| ---------------------------- | ------------------- |
|------------------------------|---------------------|

|   | (State      or other jurisdiction |   | (IRS      Employer |
|--------|-----------------------------------|--------|--------------------|

|   | of      incorporation) |   | Identification      No.) |
|--------|------------------------|--------|--------------------------|

----

|   | Large      accelerated filer |_| | Accelerated      filer |_| |
|--------|----------------------------------|----------------------------|

|   | Non-accelerated      filer  |_| | Smaller      reporting company  |X| |
|--------|-------------------------------------------|-----------------------------------------------|

|   |   |      X | Yes | |  |      No |
|--------|----------------------------|------------------------|

----

| Item 1. | Financial      Statements |
|---------|---------------------------|

| Item      2 | Management's      Discussion and Analysis or Plan ofOperations |
|-------------|----------------------------------------------------------------|

| Item      3 | Quantitative      and Qualitative Disclosures About MarketRisk |
|-------------|----------------------------------------------------------------|

| Item      4T. | Controls      and Procedures |
|---------------|------------------------------|

| Item      1 | Legal      Proceedings |
|-------------|------------------------|

| Item      1A. | Risk      Factors |
|---------------|-------------------|

| Item      2 | Unregistered      Sales of Equity Securities and Use ofProceeds |
|-------------|-----------------------------------------------------------------|

| Item      3 | Defaults      Upon Senior Securities |
|-------------|--------------------------------------|

| Item      4 | Submission      of Matters to a Vote of SecurityHolders |
|-------------|---------------------------------------------------------|

| Item 5 | Other      Information |
|--------|------------------------|

| Item      6 | Exhibits |
|-------------|----------|

----

| Balance      Sheet                                                                                                                                                                     | F-2    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Statements      of      Operations                                                                                                                                                     | F-3    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Statements      of Stockholders=      Equity                                                                                                                                           | F-4    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Statements      of Cash      Flows                                                                                                                                                     | F-5    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| Notes      to Financial      Statement                                                                                                                                                 | F-6    |

----

|                                                                                                                                                                  |   | March      31, 2010 |     |   | June      30, 2009 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|----------|--------|--------------------|--------|
|                                                                                                                                                                  |   | (Unaudited)         |     |   |               |   |
| ASSETS                                                                                                                                                                |   |                |     |   |               |   |
| CURRENT      ASSETS                                                                                                                                                   |   |                |     |   |               |   |
|   Cash                                                                                                                                                      |   | $                   | 16,479   |   |               | $      | 0 |   |
|  Prepaid      expenses                                                                                                                                           |   |                | 0        |   |               |   | 0 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|           Total      current assets                                                                                 |   |                | 16,479   |   |               |   | 0 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| OTHER      ASSETS                                                                                                                                                     |   |                |     |   |               |   |   |   |
|    Other      assets                                                                                                                                   |   |                | 0        |   |               |   | 0 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|           Total      other assets                                                                                   |   |                | 0        |   |               |   | 0 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| Total      Assets                                                                                                                                                     |   | $                   | 16,479   |   |               | $      | 0 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| LIABILITIES      AND STOCKHOLDERS=      EQUITY                                                                                                                        |   |                |     |   |               |   |   |   |
| CURRENT      LIABILITIES                                                                                                                                              |   |                |     |   |               |   |   |   |
|     Accounts      payable and accrued  liabilities                                                                                      |   | $                   | 0        |   |               | $      | 0 |   |
|     Accrued      interest on line of credit payable                                                                                               |   |                | 15,753   |   |               |   | 10,071 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|           Total      current liabilities                                                                            |   |                | 15,753   |   |               |   | 10,071 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| LONG-TERM      LIABILITIES                                                                                                                                            |   |                |     |   |               |   |   |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|     Long-term      line of credit payable                                                                                                         |   |                | 97,156   |   |               |   | 57,156 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|           Total      long-term liabilities                                                                          |   |                | 97,156   |   |               |   | 57,156 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| Total      Liabilities                                                                                                                                                |   |                | 112,909  |   |               |   | 67,227 |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| STOCKHOLDERS=      EQUITY                                                                                                                                             |   |                |     |   |               |   |   |   |
|   Common      stock, $0.001 par value, authorized 500,000,000 shares;      20,340,632      and 340,632 issued and outstanding |   |                | 20,340   |   |               |   | 340 |   |
|   Additional      paid-in capital                                                                                                                           |   |                | 213,690  |   |               |   | 33,690 |   |
|   Deficit      accumulated during the development stage                                                                                                     |   |                | (330,460 | )      |               |   | (101,257 | ) |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
|           Total      stockholders=      equity                                                                      |   |                | (96,430  | )      |               |   | (67,227 | ) |
|                                                                                                                                                                  |   |                |     |   |               |   |   |   |
| Total      Liabilities and  Stockholders=      Equity                                                                                                       |   | $                   | 16,479   |   |               | $      | 0 |   |

----

|                                                                            |   |   Three      Months |        |   |   Nine      Months |   |        | Period      from Feb 24, 2004(Inception)through |   |
|---------------------------------------------------------------------------------|--------|-------------------------------|-------------|--------|------------------------------|--------|-------------|-------------------------------------------------|--------|
|                                                                            |   | 2010                          |        |   | 2009                         |   |        | 2010                                            |   |   | 2009 |   |   | March      31, 2010 |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |
| REVENUES                                                                        |   | $                             | 0           |   |                         | $      | 0           |                                            |   | $ | 0 |   |   | $ | 0 |   |   | $ | 0 |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING      EXPENSES                                                         |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|    General      and administrative                               |   |                          | 202,616     |   |                         |   | 4,213       |                                            |   |   | 208,271 |   |   |   | 8,880 |   |   |   | 290,332 |   |
|    Professional      fees                                        |   |                          | 1,000       |   |                         |   | 0           |                                            |   |   | 15,250 |   |   |   | 0 |   |   |   | 24,375 |   |
|    Interest      expense                                         |   |                          | 2,023       |   |                         |   | 1,312       |                                            |   |   | 5,682 |   |   |   | 3,563 |   |   |   | 15,753 |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total      expenses |   |                          | 205,639     |   |                         |   | 5,525       |                                            |   |   | 229,203 |   |   |   | 12,443 |   |   |   | 330,460 |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss                                                                   |   | $                             | (205,639    | )      |                         | $      | (5,525      | )                                               |   | $ | (229,203 | ) |   | $ | (12,443 | ) |   | $ | (330,460 | ) |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      net loss per weighted average share                                  |   | $                             | (      0.01 | )      |                         | $      | (      0.02 | )                                               |   | $ | (      0.01 | ) |   | $ | (      0.04 | ) |   |   |   |   |
|                                                                            |   |                          |        |   |                         |   |        |                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of shares                                          |   |                          | 20,340,632  |   |                         |   | 340,632     |                                            |   |   | 20,340,632 |   |   |   | 340,632 |   |   |   |   |   |

----

|                                 |   |      Number      ofShares |       |   |      CommonStock |   |   |     AdditionalPaid-in      Capital |   |   |   DeficitAccumulatedDuring      theDevelopmentStage |   |   |     TotalStockholders=Equity |    |
|--------------------------------------|--------|----------------------------------------------------|------------|--------|-------------------------------------------|--------|--------|--------------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|--------|--------------------------------------------------|---------|
|                                 |   |                                               |       |   |                                      |   |   |                                                   |   |   |                                                          |   |   |                                             |    |
| BEGINNING BALANCE, July      1, 2005 |   |                                               | 34,030,390 |   |                                      | $      | 34,030 |                                                   |   | $      | 0                                                             |   |   | $                                                | (34,030 | ) |   | $ | 0 |   |
|                                 |   |                                               |       |   |                                      |   |   |                                                   |   |   |                                                          |   |   |                                             |    |   |   |   |   |   |
| Net      loss                        |   |                                               | 0          |   |                                      |   | 0      |                                                   |   |   | 0                                                             |   |   |                                             | (8,582  | ) |   |   | (8,582 | ) |
|                                 |   |                                               |       |   |                                      |   |   |                                                   |   |   |                                                          |   |   |                                             |    |   |   |   |   |   |
| BALANCE, June 30,      2006          |   |                                               | 34,030,390 |   |                                      |   | 34,030 |                                                   |   |   | 0                                                             |   |   |                                             | (42,612 | ) |   |   | (8,582 | ) |

| Net      loss                            |   |   | 0           |   |   |   | 0       |   |   |   | 0       |   |   |   | (8,205   | )      |   |   | (8,205   | )      |
|------------------------------------------|--------|--------|-------------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|----------|--------|--------|--------|----------|--------|
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |
| BALANCE, June 30,      2007              |   |   | 34,030,390  |   |   |   | 34,030  |   |   |   | 0       |   |   |   | (50,817  | )      |   |   | (16,787  | )      |
| 1      for 100 reverse split             |   |   | (33,690,086 | )      |   |   | (33,690 | )      |   |   | 33,690  |   |   |   | 0        |   |   |   | 0        |   |
| Net      loss                            |   |   | 0           |   |   |   | 0       |   |   |   | 0       |   |   |   | (24,549  | )      |   |   | (24,549  | )      |
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |
| BALANCE, June 30,      2008              |   |   | 340,304     |   |   |   | 340     |   |   |   | 33,690  |   |   |   | (75,366  | )      |   |   | (41,336  | )      |
| Net      loss                            |   |   | 0           |   |   |   | 0       |   |   |   | 0       |   |   |   | (25,891  | )      |   |   | (25,891  | )      |
| BALANCE, June 30,      2009              |   |   | 340,304     |   |   |   | 340     |   |   |   | 33,690  |   |   |   | (101,257 | )      |   |   | (67,227  | )      |
| Shares      issued for services          |   |   | 20,000,000  |   |   |   | 20,000  |   |   |   | 180,000 |   |   |   | 0        |   |   |   | 200,000  |   |
| Net      loss                            |   |   | 0           |   |   |   | 0       |   |   |   | 0       |   |   |   | (229,203 | )      |   |   | (229,203 | )      |
| BALANCE, March 31, 2010      (unaudited) |   |   | 20,340,304  |   |   | $      | 20,340  |   |   | $      | 213,690 |   |   | $      | (330,460 | )      |   | $      | (96,430  | )      |
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |
|                                     |   |   |        |   |   |   |    |   |   |   |    |   |   |   |     |   |   |   |     |   |

----

|                                                                                                         |   |    2010 |     |   |    2009 |   |    | Cumulative from      February 24, 2004 (inception) to March 31, 2010 |   |
|--------------------------------------------------------------------------------------------------------------|--------|------------------------|----------|--------|------------------------|--------|---------|---------------------------------------------------------------------------|--------|
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                   |   |                   |     |   |                   |   |    |                                                                      |   |
| Net      loss                                                                                                |   | $                      | (229,203 | )      |                   | $      | (12,443 | )                                                                         |   | $ | (330,460 | ) |
| Adjustments      to reconcile net loss to net cash used by    operating      activities: |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
|         Common      stock issued for services                        |   |                   | 200,000  |   |                   |   | 0       |                                                                      |   |   | 225,000 |   |
| Changes      in operating assets and liabilities                                                             |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
|         Increase      (decrease) in accounts payable - trade         |   |                   | 0        |   |                   |   | 8,880   |                                                                      |   |   | 0 |   |
|         Increase      (decrease) in accrued interest                 |   |                   | 5,682    |   |                   |   | 3,563   |                                                                      |   |   | 15,753 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Net      cash provided (used) by operating activities                                                        |   |                   | (23,521  | )      |                   |   | 0       |                                                                      |   |   | (89,707 | ) |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                                   |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
|  Deposit      on options                                                                                |   |                   | 0        |   |                   |   | 0       |                                                                      |   |   | 0 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Net      cash provided (used) by investing activities                                                        |   |                   | 0        |   |                   |   | 0       |                                                                      |   |   | 0 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                                                                   |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Common      stock issued for cash                                                                            |   |                   | 0        |   |                   |   | 0       |                                                                      |   |   | 9,030 |   |
| Proceeds      from line of credit payable                                                                    |   |                   | 40,000   |   |                   |   | 0       |                                                                      |   |   | 97,156 |   |
| Payments      on line of credit payable                                                                      |   |                   | 0        |   |                   |   | 0       |                                                                      |   |   | 0 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Net      cash provided by financing activities                                                               |   |                   | 40,000   |   |                   |   | 0       |                                                                      |   |   | 106,186 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Net      increase (decrease) in cash                                                                         |   |                   | 16,479   |   |                   |   | 0       |                                                                      |   |   | 16,479 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| CASH, beginning of      period                                                                               |   |                   | 0        |   |                   |   | 0       |                                                                      |   |   | 0 |   |
|                                                                                                         |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| CASH, end of      period                                                                                     |   | $                      | 16,479   |   |                   | $      | 0       |                                                                      |   | $ | 16,479 |   |
| SUPPLEMENTAL      DISCLOSURE OF CASH FLOW INFORMATION:                                                       |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
| Non-Cash      Financing Activities:                                                                          |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |
|   None                                                                                             |   |                   |     |   |                   |   |    |                                                                      |   |   |   |   |

----

----

----

----

----

----

----

| Exhibit      number |   | Descriptions                                                                                                               |
|---------------------|--------|----------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                       |
| 31.1                |   | *      Certification of the Chief Executive Officer pursuant to Section 302 of      Sarbanes-Oxley  Act of 2002. |
|                |   |                                                                                                                       |
| 32.1                |   | *      Certification Chief Executive Officer pursuant to Section 906 of      Sarbanes-Oxley Act of 2002.                   |
|                |   |                                                                                                                       |

----

|   | First      Quantum Ventures, Inc. |                                                                   |
|--------|-----------------------------------|------------------------------------------------------------------------|
|   |                              |                                                                   |   |
|   | By:                               | /s/ Andrew      Godfrey                                           |   |
|   |                              | Andrew      Godfrey                                                    |   |
|   |                              | Chief      Executive Officer,President      and Chairman of the Board* |   |
|   |                              |                                                                   |   |