UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington,
D.C. 20549

FORM 10-Q

QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30,
2010

Commission file number: 000-53450

|                                                 |                          | 
|------------------------------------------------ | ------------------------ | 
|                                                 | KAT GOLD
 HOLDINGS CORP. | 
|                                                 |                          | 
|(Name of registrant as specified in its charter)

|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Nevada                                                         |  | 33-1176182                          
|                                                               |  |                                     
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)

|                                                             
|-------------------------------------------------------------
|1149 Topsail Rd., Mount Pearl, Newfoundland, A1N 5G2, Canada 
|                                                             
|(Address of principal executive offices)(Zip Code)           
|                                                             
|(709) 368-9223                                               
|                                                             
|(Registrants telephone number, including area code)         
|                                                             
|BELLA VIAGGIO, INC.                                          
|2120 58th Avenue, Suite 107, Vero Beach, Florida 32966       
|                                                             
|(Former name or former address, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes x No o

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of
Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or
for such shorter period that the registrant was required to submit and post such
files).
Yes o No
x

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of large accelerated filer, accelerated filer
and smaller reporting company in Rule 12b-2 of the Exchange Act.

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

Indicate by
check mark whether the registrant is a shell company (as defined in Rule 12b-2
of the Exchange Act)
Yes o     No x

As of November
17, 2010, there were 163,644,500 shares of common stock outstanding.

---



TABLE OF CONTENTS

|                                |                                                                                      |  |         
|------------------------------- | ------------------------------------------------------------------------------------ |  | --------
|                                |                                                                                      |  | Page No.
|                                |                                                                                      |  |         
|PART I. - FINANCIAL INFORMATION |                                                                                      | 
|Item 1.                         | Financial Statements.                                                                |  | 1       
|Item 2.                         | Managements Discussion and Analysis of Financial Condition and Plan
 of Operations. |  | 9       
|Item 3.                         | Quantitative and Qualitative Disclosures About Market Risk.                          |  | 11      
|Item 4                          | Controls and Procedures.                                                             |  | 12      
|PART II - OTHER INFORMATION     |                                                                                      | 
|Item 1.                         | Legal Proceedings.                                                                   |  | 12      
|Item 1A.                        | Risk
 Factors.                                                                       |  |         
|Item 2.                         | Unregistered Sales of Equity Securities and Use of Proceeds.                         |  | 12      
|Item 3.                         | Defaults Upon Senior Securities.                                                     |  | 12      
|Item 4.                         | (Removed and Reserved)                                                               |  | 12      
|Item 5.                         | Other Information.                                                                   |  | 12      
|Item 6.                         | Exhibits.                                                                            |  | 12      

---



PART I -
FINANCIAL INFORMATION

These unaudited financial statements have
been prepared by the Company, pursuant to the rules and regulations of the
Securities and Exchange Commission. These financial statements and the notes
attached hereto should be read in conjunction with the financial statements and
notes included in the Companys 10-K filed with the SEC on April 7, 2010. In
the opinion of the Company, all adjustments, including normal recurring
adjustments necessary to present fairly the financial position of the Company,
as of September 30, 2009 and 2010 and the results of its operations and cash
flows for the nine month periods then ended have been included. The results of
operations for the interim period are not necessarily indicative of the results
for the full year.

|        |                     
|------- | --------------------
|ITEM 1. | FINANCIAL STATEMENTS

|                                                 
|-------------------------------------------------
|KAT Gold Holdings Corp. (FKA Bella
Viaggio, Inc.)
|(A Development Stage Company)                    
|BALANCE SHEETS                                   
|AS OF SEPTEMBER 30, 2010 AND DECEMBER 31, 2009   
|                                                 

|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---------------------- | ------------ | ------------------- | - | ------- | -
|                                                                                                                                                                                           |  | (unaudited)
09/30/2010 |              | (audited)12/31/2009 |  
|                                                                                                                                                                                           |  |                        |              |                     |  
|ASSETS                                                                                                                                                                                     |  |                        |              |                     |   |         |  
|CURRENT ASSETS:                                                                                                                                                                            |  |                        |              |                     |   |         |  
|Cash                                                                                                                                                                                       |  | $                      |             |                     | $ |        |  
|Security deposits                                                                                                                                                                          |  |                        | 6,900        |                     |   |        |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|TOTAL CURRENT ASSETS                                                                                                                                                                       |  |                        | 6,900        |                     |   |        |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|TOTAL ASSETS                                                                                                                                                                               |  | $                      | 6,900        |                     | $ |        |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                                                       |  |                        |              |                     |   |         |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|CURRENT LIABILITIES                                                                                                                                                                        |  |                        |              |                     |   |         |  
|Accounts payable                                                                                                                                                                           |  | $                      |             |                     | $ |        |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|TOTAL CURRENT LIABILITIES                                                                                                                                                                  |  |                        |             |                     |   |        |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|STOCKHOLDERS EQUITY                                                                                                                                                                       |  |                        |              |                     |   |         |  
|Preferred stock, $.001 par value, 5,000,000 shares
authorized, no shares issued or outstanding                                                                                             |  |                        |             |                     |   |        |  
|Common stock, $.001 par value, 500,000,000 and 70,000
shares authorized, 163,644,500 and 2,645,000 shares issued and outstanding at
September 30, 2010 and December 31, 2009, respectively |  |                        | 163,645      |                     |   | 2,645   |  
|Additional paid in capital                                                                                                                                                                 |  |                        | 113,124,465  |                     |   | 36,950  |  
|Deficit accumulated during development stage                                                                                                                                               |  |                        | (113,281,210 | )                   |   | (36,950 | )
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|TOTAL STOCKHOLDERS EQUITY                                                                                                                                                                 |  |                        | 6,900        |                     |   | 2,645   |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  
|TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                                                 |  | $                      | 6,900        |                     | $ | 2,645   |  
|                                                                                                                                                                                           |  |                        |              |                     |   |         |  

The accompanying notes are an integral part of these
financial statements

- 1 -

---



|                                                               
|---------------------------------------------------------------
|KAT Gold Holdings Corp. (FKA Bella
Viaggio, Inc.)              
|(A Development Stage Company)                                  
|STATEMENTS OF OPERATIONS                                       
|FOR THE PERIOD FROM INCEPTION (DECEMBER 5, 2005) AND           
|FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2010 AND
2009
|                                                               
|                                                               

|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|------------------------------------------------- |  | ---------------------------------------- | -------- | --------------------------------------- | - | ----------- |  | ----------- | ------------ | - | - | - |  | ------------------------------------------------------------------------------------ | ------------ | -
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  | (unaudited)Cumulative
Amount
from Inception(December 5, 2005)
to September 30, 
2010 |             
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                     
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                     
|                                                  |  | (unaudited)                              |          | (unaudited)                             |   | (unaudited) |  | (unaudited) |              |  
|                                                  |  | For the three months
ended September 30, |          | For the nine months
ended September 30, |   |            
|                                                  |  | 2010                                     |          | 2009                                    |   | 2010        |  | 2009        |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |  
|REVENUES:                                         |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Sales                                             |  | $                                        |         |                                         | $ |            |  | $           |             |   | $ |  |  | $                                                                                    |             |  
|Cost of sales                                     |  |                                          |         |                                         |   |            |  |             |             |   |   |  |  |                                                                                      |             |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Gross profit                                      |  |                                          |         |                                         |   |            |  |             |             |   |   |  |  |                                                                                      |             |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|EXPENSES:                                         |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Wages                                             |  |                                          | 62,504   |                                         |   |            |  |             | 124,045      |   |   |  |  |                                                                                      | 124,045      |  
|Geologist and Geophysicist                        |  |                                          | 22,790   |                                         |   |            |  |             | 83,906       |   |   |  |  |                                                                                      | 83,906       |  
|Accounting and Legal                              |  |                                          | 77,955   |                                         |   |            |  |             | 77,955       |   |   |  |  |                                                                                      | 77,955       |  
|Office and other expenses                         |  |                                          | 1,721    |                                         |   |            |  |             | 13,899       |   |   |  |  |                                                                                      | 13,899       |  
|Claim Option agreements                           |  |                                          | 22,500   |                                         |   |            |  |             | 22,500       |   |   |  |  |                                                                                      | 22,500       |  
|Drilling and excavation                           |  |                                          | 131,554  |                                         |   |            |  |             | 146,998      |   |   |  |  |                                                                                      | 146,998      |  
|Travel and entertainment                          |  |                                          | 9,517    |                                         |   |            |  |             | 11,693       |   |   |  |  |                                                                                      | 11,693       |  
|Assay and related                                 |  |                                          | 3,020    |                                         |   |            |  |             | 63,264       |   |   |  |  |                                                                                      | 100,214      |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Total expenses                                    |  |                                          | 331,561  |                                         |   |            |  |             | 544,260      |   |   |  |  |                                                                                      | 581,210      |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Loss from operations                              |  | $                                        | (331,561 | )                                       | $ |            |  | $           | (544,260     | ) | $ |  |  | $                                                                                    | (581,210     | )
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Impairment of Handcamp division property purchase |  |                                          |         |                                         |   |            |  |             | (112,700,000 | ) |   |  |  |                                                                                      | (112,700,000 | )
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Loss before income taxes                          |  |                                          | (331,561 | )                                       |   |            |  |             | (113,244,260 | ) |   |  |  |                                                                                      | (113,281,210 | )
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|Provision for income taxes                        |  |                                          |         |                                         |   |            |  |             |             |   |   |  |  |                                                                                      |             |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  
|NET LOSS                                          |  | $                                        | (331,561 | )                                       | $ |            |  | $           | (113,244,260 | ) | $ |  |  | $                                                                                    | (113,281,210 | )
|                                                  |  |                                          |          |                                         |   |             |  |             |              |   |   |   |  |                                                                                      |              |  

The accompanying notes are an integral part of these
financial statements

- 2 -

---



|                                                     
|-----------------------------------------------------
|KAT Gold Holdings, Corp. (FKA Bella
 Viaggio, Inc.)  
|(A Development Stage Company)                        
|STATEMENT OF STOCKHOLDERS EQUITY                    
|FOR THE PERIOD FROM INCEPTION (DECEMBER 5,
 2005) AND
|FOR THE NINE MONTHS ENDED SEPTEMBER 30,
 2010        
|                                                     

|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|----------------------------------------------------------------------------------- |  | ----------------- | - | ------------------------ | - | ------------ |  | --------------------- | ----------- | ------------------------ | - | ---------------------------- |  | ---------------------------- | - | --------------- | - | - |  | - | ----------- |  | - | ------------ | -
|(unaudited)                                                                         |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|                                                                                    |  | Preferred
 Shares |   | Preferred
 Stock
 Amount |   | CommonShares |  | Common
 Stock
 Amount |             | CommonSharesto be Issued |   | Common
 Stock
 to be
 Issued |  | Additional
 Paid-in
 Capital |   | RetainedDeficit |  
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |  
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|Cumulative
 net losses since inception (December 5, 2005) through December 31, 2009 |  |                   |  |                          | $ |             |  |                       | 2,644,500   |                          | $ | 2,645                        |  |                              |  |                 | $ |  |  | $ | 36,950      |  | $ | (36,950      | )
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|Expenditures
 made by related party on companys behalf                             |  |                   |  |                          |   |             |  |                       |            |                          |   |                             |  |                              |  |                 |   |  |  |   | 548,515     |  |   |             |  
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|Purchase of
 Handcamp division property                                             |  |                   |  |                          |   |             |  |                       | 161,000,000 |                          |   | 161,000                      |  |                              |   |                 |   |   |  |   | 112,539,000 |  |   |              |  
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|Net loss
 for the Nine months ended September 30, 2010                              |  |                   |  |                          |   |             |  |                       |            |                          |   |                             |  |                              |  |                 |   |  |  |   |            |  |   | (113,244,260 | )
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  
|Balances,
 September 30, 2010                                                       |  |                   |  |                          | $ |             |  |                       | 163,644,500 |                          | $ | 163,645                      |  |                              |   |                 | $ |   |  | $ | 113,124,465 |  | $ | (113,281,210 | )
|                                                                                    |  |                   |   |                          |   |              |  |                       |             |                          |   |                              |  |                              |   |                 |   |   |  |   |             |  |   |              |  

The accompanying notes are an integral part
of these financial statements

- 3 -

---



|                                                     
|-----------------------------------------------------
|KAT Gold Holdings Corp. (FKA Bella Viaggio,
 Inc.)   
|(A Development Stage Company)                        
|STATEMENTS OF CASH FLOWS                             
|FOR THE PERIOD FROM INCEPTION (DECEMBER 5,
 2005) AND
|FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009
|                                                     
|                                                     

|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------- | ------------ | ----------------- | - | -------------------------------------------------------------------------------------------- |  | - | ------------ | -
|                                                                                                                                                                                                                                                                                                |  | (unaudited)
 2010 |              | (unaudited)
 2009 |   | (unaudited)
 Cumulative
 Amount
 from Inception
 (December 5,
 2005)
 to September 30,
 2010 | 
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              | 
|CASH FLOWS FROM
 OPERATING ACTIVITIES:                                                                                                                                                                                                                                                          |  |                   |              |                   |   |                                                                                              |  |   |              |  
|Net loss                                                                                                                                                                                                                                                                                        |  | $                 | (113,244,260 | )                 | $ |                                                                                             |  | $ | (113,281,210 | )
|Adjustments to reconcile net loss to net
 cash provided by                                                                                                                                                                                                                                      |  |                   |              |                   |   |                                                                                              |  |   |              |  
|(used in) operations:                                                                                                                                                                                                                                                                           |  |                   |             |                   |   |                                                                                             |  |   |             |  
|Recapitalization of equity due to reverse
 merger                                                                                                                                                                                                                                               |  |                   | 2,645        |                   |   |                                                                                             |  |   | 2,645        |  
|Impairment of Handcamp estimated value                                                                                                                                                                                                                                                          |  |                   | 112,700,000  |                   |   |                                                                                             |  |   | 112,700,000  |  
|Changes in operating assets and
 liabilities:                                                                                                                                                                                                                                                   |  |                   |              |                   |   |                                                                                              |  |   |              |  
|Security deposits                                                                                                                                                                                                                                                                               |  |                   | (6,900       | )                 |   |                                                                                             |  |   | (6,900       | )
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|NET CASH PROVIDED BY (USED IN) OPERATING
 ACTIVITIES                                                                                                                                                                                                                                            |  |                   | (548,515     | )                 |   |                                                                                             |  |   | (585,465     | )
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|CASH FLOWS FROM
 FINANCING ACTIVITIES:                                                                                                                                                                                                                                                          |  |                   |              |                   |   |                                                                                              |  |   |              |  
|Capital contributions from related party                                                                                                                                                                                                                                                        |  |                   | 548,515      |                   |   |                                                                                             |  |   | 585,465      |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|NET CASH PROVIDED BY (USED IN) FINANCING
 ACTIVITIES                                                                                                                                                                                                                                            |  |                   | 548,515      |                   |   |                                                                                             |  |   | 585,465      |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|NET INCREASE (DECREASE) IN CASH AND CASH
 EQUIVALENTS                                                                                                                                                                                                                                           |  |                   |             |                   |   |                                                                                             |  |   |             |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|CASH AND CASH EQUIVALENTS, BEGINNING OF THE
 PERIOD                                                                                                                                                                                                                                             |  |                   |             |                   |   |                                                                                             |  |   |             |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|END OF THE PERIOD                                                                                                                                                                                                                                                                               |  | $                 |             |                   | $ |                                                                                             |  | $ |             |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  
|NON-CASH FINANCING
 ACTIVITIES:                                                                                                                                                                                                                                                                 |  |                   |              |                   |   |                                                                                              |  |   |              |  
|Purchase of Handcamp property through the
 issuance of 161,000,000 common shares of which 65,000,000 were issued on June
 4, 2010 and 96,000,000 were issued on September 14, 2010, and the related
 write-down due to impairment of the estimated value as future cash flow is an
 uncertainty |  | $                 | 112,539,000  |                   | $ |                                                                                             |  | $ | 112,539,000  |  
|                                                                                                                                                                                                                                                                                                |  |                   |              |                   |   |                                                                                              |  |   |              |  

The accompanying notes are an integral part
of these financial statements

- 4 -

---



|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|KAT GOLD HOLDINGS CORP. (FKA BELLA VIAGGIO, INC.)
 (A DEVELOPMENT STAGE COMPANY)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|NOTES
 TO FINANCIAL STATEMENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|For
 the Nine Months Ended September 30, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|NOTE
 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Business
 Activity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Kat
 Gold Holdings Corp. (the Company) was incorporated in the State of Nevada
 on June 6, 2007. Following its acquisition of Handcamp on June 4, 2010, a
 gold property located in the Province of Newfoundland and Labrador, Canada
 (Handcamp), the Company changed its business model to that of a mineral
 acquisition, exploration and development company focused primarily on gold
 properties. On August 26, 2010, the Companys name was changed from Bella
 Viaggio, Inc. to Kat Gold Holdings Corp. As of this quarterly report, the
 Company has not generated any revenues but has incurred expenses related to
 the drilling and exploration of Handcamp. The Company has commenced
 exploratory drilling operations on the Handcamp property and sent core
 samples obtained for analysis. The Company is currently awaiting the results
 of these core samples.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|The
 Company has not yet earned any revenue from operations. Accordingly, the
 Companys activities have been accounted for as those of a Development Stage
 Enterprise as set forth in Financial Accounting Standards Board Statement
 No. 7 (SFAS
 7). Among the disclosures required by SFAS 7 are that the
 Companys financial statements be identified as those of a development stage
 operation, and that the statements of operations, stockholders equity and
 cash flows disclose activity since the date of the Companys inception.                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Basis
 of Presentation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|The financial statements include the
 accounts of the Company under the accrual basis of accounting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Managements Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|The preparation of financial
 statements in conformity with accounting principles generally accepted in the
 United States of America requires management to make estimates and
 assumptions that affect the reported amounts of assets and liabilities at the
 date of the financial statements and the reported amounts of revenues and
 expenses during the reporting periods. Actual results could differ from those
 estimates.                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Cash
 and Cash Equivalents
 - For purposes of the Statements of Cash Flows, the Company considers highly
 liquid investments with an original maturity of three months or less to be
 cash equivalents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Comprehensive
 Income (Loss) - The
 Company adopted Financial Accounting Standards Board Statement of Financial
 Accounting Standards No. 130, Reporting
 Comprehensive Income, which establishes standards for the
 reporting and display of comprehensive income and its components in the
 financial statements. There were no items of comprehensive income (loss)
 applicable to the Company during the period covered in the financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Long-Lived
 Assets - In
 accordance with SFAS No. 144, the Company reviews and evaluates its
 long-lived assets for impairment whenever events or changes in circumstances
 indicate that their net book value may not be recoverable. When such factors
 and circumstances exist, including those noted above, the Company compares
 the assets carrying amounts against the estimated undiscounted cash flows to
 be generated by those assets over their estimated useful lives. If the
 carrying amounts are greater than the undiscounted cash flows, the fair
 values of those assets are estimated by discounting the projected cash flows.
 Any excess of the carrying amounts over the fair values are recorded as
 impairments in that fiscal period.                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Risk
 and Uncertainties -
 The Company is subject to risks common to companies in the service industry,
 including, but not limited to, litigation, development of new technological
 innovations and dependence on key personnel.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Advertising
 Costs - Advertising
 costs are expensed as incurred. The Company does not incur any
 direct-response advertising costs.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Recent
 Accounting Pronouncements - The Company has reviewed all recently issued, but not yet
 effective, accounting pronouncements and does not believe the future adoption
 of any such pronouncements will cause a material impact on its financial
 condition or the results of its operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

- 5 -

---



|                                                                                
|--------------------------------------------------------------------------------
|KAT GOLD HOLDINGS CORP. (FKA BELLA VIAGGIO, INC.)
 (A DEVELOPMENT STAGE COMPANY)
|NOTES
 TO FINANCIAL STATEMENTS                                                  
|For
 the Nine Months Ended September 30, 2010                                   
|                                                                                

FASB Accounting Standards
Codification

(Accounting Standards Update (ASU) 2009-01)

In
September 2009, FASB approved the FASB Accounting Standards Codification (the
Codification) as the single source of authoritative nongovernmental GAAP. All
existing accounting standard documents, such as FASB, American Institute of
Certified Public Accountants, Emerging Issues Task Force and other related
literature, excluding guidance from the Securities and Exchange Commission (SEC),
have been superseded by the Codification. All other non-grandfathered, non-SEC
accounting literature not included in the Codification has become
non-authoritative. The Codification did not change GAAP, but instead introduced
a new structure that combines all authoritative standards into a comprehensive,
topically organized online database. The Codification is effective for interim
or annual periods ending after September 15, 2009, and impacts the
Companys financial statements as all future references to authoritative accounting
literature will be referenced in accordance with the Codification. There have
been no changes to the content of the Companys financial statements or
disclosures as a result of implementing the Codification during the nine months
ended September 30, 2010.

As
a result of the Companys implementation of the Codification during the nine
months ended September 30, 2010, previous references to new accounting
standards and literature are no longer applicable. In the current annual
financial statements, the Company will provide reference to both new and old
guidance to assist in understanding the impacts of recently adopted accounting
literature, particularly for guidance adopted since the beginning of the
current fiscal year but prior to the Codification.

Subsequent Events

(Included in Accounting Standards Codification (ASC) 855
Subsequent Events, previously SFAS No. 165 Subsequent Events)

SFAS
No. 165 established general standards of accounting for and disclosure of
events that occur after the balance sheet date, but before the consolidated
financial statements are issued or available to be issued (subsequent
events). An entity is required to disclose the date through which subsequent
events have been evaluated and the basis for that date. For public entities,
this is the date the financial statements are issued. SFAS No. 165 does not
apply to subsequent events or transactions that are within the scope of other
GAAP and did not result in significant changes in the subsequent events
reported by the Company. SFAS No. 165 became effective for interim or annual
periods ending after September 15, 2009 and did not impact the Companys
financial statements. The Company evaluated subsequent events through the
issuance date of the Companys financial statements. No recognized or
non-recognized subsequent events were noted.

Determination of the Useful Life of
Intangible Assets

(Included in ASC 350 Intangibles  Goodwill and Other,
previously FSP SFAS No. 142-3 Determination of the Useful Lives of Intangible
Assets)

FSP
SFAS No. 142-3 amended the factors that should be considered in developing
renewal or extension assumptions used to determine the useful life of a
recognized intangible asset under previously issued goodwill and intangible
assets topics. This change was intended to improve the consistency between the
useful life of a recognized intangible asset and the period of expected cash
flows used to measure the fair value of the asset under topics related to
business combinations and other GAAP. The requirement for determining useful
lives must be applied prospectively to intangible assets acquired after the
effective date and the disclosure requirements must be applied prospectively to
all intangible assets recognized as of, and subsequent to, the effective date.
FSP SFAS No. 142-3 became effective for financial statements issued for fiscal
years beginning after December 15, 2008, and interim periods within those
fiscal years. The adoption of FSP SFAS No. 142-3 did not impact the Companys
financial statements.

- 6 -

---



|                                                                                                                                                            
|------------------------------------------------------------------------------------------------------------------------------------------------------------
|KAT GOLD HOLDINGS CORP. (FKA BELLA VIAGGIO, INC.)                                                                                                           
|(A DEVELOPMENT STAGE COMPANY)                                                                                                                               
|NOTES
 TO FINANCIAL STATEMENTS                                                                                                                              
|For
 the Nine Months Ended September 30, 2010                                                                                                               
|                                                                                                                                                            
|Noncontrolling Interests                                                                                                                                    
|(Included
 in ASC 810 Consolidation, previously SFAS No. 160 Noncontrolling
 Interests in Consolidated Financial Statements an amendment of ARB
 No. 51)

SFAS
No. 160 changed the accounting and reporting for minority interests such
that they will be recharacterized as noncontrolling interests and classified as
a component of equity. SFAS No. 160 became effective for fiscal years
beginning after December 15, 2008 with early application prohibited. The
Company implemented SFAS No. 160 at the start of fiscal 2009 and no longer
records an intangible asset when the purchase price of a noncontrolling
interest exceeds the book value at the time of buyout. The adoption of SFAS
No. 160 did not have any other material impact on the Companys financial
statements.

|                                                                                                         
|---------------------------------------------------------------------------------------------------------
|Consolidation of Variable Interest Entities  Amended                                                    
|(To be
 included in ASC 810 Consolidation, SFAS No. 167 Amendments to FASB
 Interpretation No. 46(R))

SFAS
No. 167 amends FASB Interpretation No. 46(R) Consolidation of
Variable Interest Entities regarding certain guidance for determining whether
an entity is a variable interest entity and modifies the methods allowed for
determining the primary beneficiary of a variable interest entity. The
amendments include: (1) the elimination of the exemption for qualifying
special purpose entities, (2) a new approach for determining who should
consolidate a variable-interest entity, and (3) changes to when it is
necessary to reassess who should consolidate a variable-interest entity. SFAS
No. 167 is effective for the first annual reporting period beginning after
November 15, 2009, with earlier adoption prohibited. The Company will
adopt SFAS No. 167 in fiscal 2010 and does not anticipate any material
impact on the Companys financial statements.

NOTE 2 SUPPLEMENTAL CASH
FLOW INFORMATION

Supplemental
disclosures of cash flow information for the Nine months ended September 30,
2010 and 2009 are summarized as follows:

Cash paid during the period
for interest and income taxes:

|             |  |      |   |      |   |   | 
|------------ |  | ---- | - | ---- | - | - | 
|             |  | 2010 |   | 2009 |  
|Income Taxes |  | $    |  |      | $ |  | 
|Interest     |  | $    |  |      | $ |  | 

NOTE 3 GOING
CONCERN AND UNCERTAINTY

The
Company has suffered recurring losses from operations since inception. In
addition, the Company has yet to generate an internal cash flow from its
business operations. These factors raise substantial doubt as to the ability of
the Company to continue as a going concern.

Managements
plans with regard to these matters encompass the following actions: 1) to raise
financing to enable it to continue its locate, explore and develop mineral
properties as well as to generate working capital, and 2) to sell mineral
properties that it has located, explored and developed by attempting to enter
into joint ventures with, or to sell interests in any property it manages to
develop to, a major mining company. The Companys continued existence is
dependent upon its ability to resolve its lack of liquidity and begin
generating profits in its current business operations. However, the outcome of
managements plans cannot be ascertained with any degree of certainty. The
accompanying financial statements do not include any adjustments that might
result from the outcome of these risks and uncertainties.

NOTE 4 DEVELOPMENT STAGE
RISK

Since
its inception, the Company has been dependent upon the receipt of capital
investment to fund its continuing activities. In addition to the normal risks
associated with a new business venture, there can be no assurance that the

- 7 -

---



|                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|KAT GOLD HOLDINGS CORP. (FKA BELLA VIAGGIO, INC.)                                                                                                                                                                                                                                                                                                                                                                                                   
|(A DEVELOPMENT STAGE COMPANY)                                                                                                                                                                                                                                                                                                                                                                                                                       
|NOTES
 TO FINANCIAL STATEMENTS                                                                                                                                                                                                                                                                                                                                                                                                                      
|For
 the Nine Months Ended September 30, 2010                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Companys
 business plan will be successfully executed. The Companys ability to execute
 its business plan will depend on its ability to obtain additional financing
 and achieve a profitable level of operations. There can be no assurance that
 sufficient financing will be obtained. Further, the Company cannot give any
 assurance that it will generate substantial revenues or that its business
 operations will prove to be profitable.

NOTE 5 MATERIAL EVENT
(PURCHASE OF HANDCAMP PROPERTY)

During
the nine months ended September 30, 2010, the Company acquired (the Acquisition)
100% of Handcamp, a gold property, from Kat Exploration, Inc. (KATX)
in exchange for 161,000,000 shares of the Companys common stock.

Under
the terms of the agreement governing the Acquisition, the Company issued
65,000,000 shares of its common stock to KATX on September 4, 2010, and the
remaining 96,000,000 shares of its common stock were issued to KATX on
September 14, 2010.

The
shares were valued at $0.70 per share, the closing stock price on the date of
the closing, resulting in recorded goodwill of $112,700,000. The Companys
management, upon review, determined that such amount might not be fully
recoverable due to future cash flows being an uncertainty and an adjustment to
write down the property was recorded.

NOTE
6 MATERIAL CONTRACTS

KATX
entered into a Diamond Drilling Contract dated February 24, 2010 in which Cabo
Drilling (Atlantic) Corp. agreed to provide certain drilling services at the
Handcamp property. The contract covered various rates, which in the opinion of
management represented market value rates, for mobilization and demobilization,
overburden penetration (pipe and casing), core drilling, surveys and tests,
etc. A security deposit of $10,000 was made prior to commencement of
mobilization and services were provided under this contract from July through
September 2010 and all such services were paid for by KATX on behalf of the
Company as it acquired rights to the property in June 2010.

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE 7 INCREASE
 IN AUTHORIZED COMMON SHARES                                                                                                                                                                                                                                                                                                                                                                                                                     
|On July 7, 2010, the board of directors of the Company and
 shareholders owning a majority of its issued and outstanding shares of common
 stock of the Company voted to approve (i) an increase in its authorized
 common shares to 500,000,000 shares and (ii) a change in the Companys name
 to Kat Gold Holdings Corp. to better reflect the nature of its operations.
 The Companys articles of incorporation were amended accordingly on August 2,
 2010.

- 8 -

---



|        |                                                                                     
|------- | ------------------------------------------------------------------------------------
|ITEM 2. | MANAGEMENTS DISCUSSION AND ANALYSIS OF
 FINANCIAL CONDITION AND PLAN OF OPERATIONS.

Forward-looking
StatementsThis quarterly report on Form 10-Q contains
forward-looking statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements that are other than statements
of historical facts. These statements are subject to uncertainties and risks
including, but not limited to, demand and acceptance of services, changes in
governmental policies and regulations, economic conditions, the impact of
competition and pricing, and other risks defined in this document and in
statements filed from time to time with the Securities and Exchange Commission
(the SEC).
All such forward-looking statements, whether written or oral, and whether made
by or on behalf of Kat Gold Holdings Corp., are expressly qualified by the
cautionary statements and any other cautionary statements which may accompany
the forward-looking statements. In addition, Kat Gold Holdings Corp. disclaims
any obligation to update any forward-looking statements to reflect events or
circumstances after the date hereof.

OverviewKat Gold Holdings Corp. (the Company) was incorporated in
the State of Nevada on June 6, 2007. Following its acquisition of Handcamp on
June 4, 2010, a gold property located in the Province of Newfoundland and
Labrador, Canada (Handcamp), the Company changed its
business model to that of a mineral acquisition, exploration and development
company focused primarily on gold properties. On August 26, 2010 the Companys
name was changed from Bella Viaggio, Inc. to Kat Gold Holdings Corp. As of this
quarterly report, the Company has not generated any revenues but has incurred
expenses related to the drilling and exploration of Handcamp. The Company has
commenced exploratory drilling operations on the Handcamp property and sent
core samples obtained for analysis. The Company is currently awaiting the
results of these core samples.

The Company has no material income and/or assets other than Handcamp
and has cumulative losses from its inception through September 30, 2010 of
approximately $113,000,000. The Company is a natural resources exploration
stage company formed for the purpose of discovering and exploring mineral
properties. The Company is currently focused on the mining and resources sector
and intends to attempt, subject to, among other factors, its ability to obtain
substantial financing, to continue to increase its holdings of gold and other
precious metals. The principal objective of the Company is to attempt to
locate, mine for and sell mineral properties. It is the Companys objective to
attempt to take advantage of the increased value of precious metals and to
generate joint venture clients, and in so doing to become an efficient and
profitable, precious metals exploration and mining company. In pursuing this
goal, management of the Company currently intends to concentrate any funds it
is able in the future to obtain, if any, to explore areas that management
believes will have mineral resources. Managements current plan, subject to
other items such as obtaining sufficient capital for the operation of the
Handcamp, is to attempt to move forward to the next stage of in-depth
exploration, which consists of ground geophysics, trenching and drilling. This
phase, management believes, will determine the extent of the deposit along with
its value.

Plan
of OperationsThe Companys business strategy includes attempting to
stake, explore and develop new properties in geologically promising areas and
to continue making acquisitions of select properties that have been identified
as economically attractive, technically and geologically sound and have
significant upside potential.

The Company intends to build its business through the exploration and
development of the existing Handcamp gold property, the attempted discovery,
acquisition, exploration, staking and development of future gold properties and

- 9 -

---



the acquisition of producing gold properties. The Companys business
strategy is expected in the future to include attempting to diversify its
revenue sources by combining the secure and reliable revenue source of producing
gold properties with the potential of gold exploration projects. The Company
plans to explore and stake new gold properties, acquire development stage gold
exploration properties, carry out exploration programs on the acquired
properties, and develop any viable gold producing properties it discovers,
acquires and is able to pursue, assuming that it is able to raise the requisite
financing for such activities. While its head office and the Handcamp gold
property are both located in the Province of Newfoundland and Labrador, the
Company has not limited itself geographically with respect to future
properties.

Sale
of PropertiesThe ultimate objective of the Company is to sell
mineral properties that it has located, explored and developed by attempting to
enter into joint ventures with, or to sell interests in any property it manages
to develop, a major mining company; the Company expects that such a company,
should the opportunity arise, will in all likelihood make the decision whether
to enter into a joint venture or to purchase a property in its discretion. The
Company believes that the stage at which the interest of a major mining company
is likely to be elicited is very subjective and subject to numerous facts and
circumstances that cannot be predicted by the Company with any significant
confidence. However, the Company believes that such companies have in the past
become interested in a mining property based solely on the discovery of one
promising drill hole having, in the opinion of such mining company, significant
potential to contain substantial economic value.

Irrespective of any interest shown by any such company, if any, the
Company does not anticipate that its own activities will extend beyond
conducting a preliminary feasibility study, where such study is defined as
having (i) established that a particular mining project appears viable, and
(ii) concluded that an effective method of mineral processing can be adopted
and is reasonably likely, in the reasonable opinion of a qualified person, to lead
to the determination that all or a part of the mineral resource can be
classified as a mineral reserve.

Cash
RequirementsThe Company operates with virtually no capital. Since
the acquisition of the Handcamp property, the Company has funded an exploration
program using investment capital from Kat Exploration, Inc. (KATX),
its majority shareholder. The Company is currently attempting to raise
sufficient funds to fund further exploration. The Company estimates that it
will require an additional $1,000,000 to fund exploration work on the Handcamp
property as well as for working capital. The Company is in discussions with
prospective investors to provide such funding and anticipates that the receipt
of such funds would enable it to satisfy its cash requirements for a period of
six (6) months. The Company has no long term debt and has been able to meet its
past financial obligations, including operational expenses, exploration
expenses and acquisition costs, on a current basis.

In order to finance further exploration beyond the time period
discussed immediately above, the Company believes that it will need to raise a
minimum of $1,500,000, which the Company anticipates would enable it to satisfy
its cash requirements for a period of twelve (12) months; however, there can be
no assurance that such amount would be sufficient to enable the Company to
fully fund its anticipated cash requirements during such period. In addition,
there can be no assurance that the requisite financing, whether over the short
or long term, will be raised within the necessary time frame or on terms
acceptable to the Company, if at all. Should the Company be unable to raise
sufficient funds, it may be required to curtail its operating plans if not
cease them entirely. There can be no assurance that the Company will be able to
operate profitably on a consistent basis, or at all, in the future.

None of the above figures refer to the financing that would be required
to be raised by the Company in order for it to contemplate making acquisitions
of any other gold properties. While the Companys business strategy includes
acquiring additional gold properties, if possible, the Company has no present
intention to acquire additional properties from KATX or any other source and
does not in any event presently have the means to make any further
acquisitions. The Company would have to raise additional financing over and
above the sums discussed above in order to contemplate making acquisitions of
any other gold properties. There can be no assurance that the Company will be
able to acquire any gold properties in addition to the Handcamp property.

Liquidity
and Capital ResourcesThe Company had no cash balances as of the date of
this quarterly report. The Companys principal source of funds has been capital
contributions supplied by KATX, the Companys majority shareholder.

Cash flow from operations.To date, the Company has generated no cash flow from operations.

- 10 -

---



Cash flows from shareholders.

Capital contributions provided by KATX, the majority shareholder,
aggregated $585,465 as of September 30, 2010.

Should the Company be unable to obtain further capital contributions
from KATX or otherwise raise sufficient funds, it will be required to curtail
its operating plans if not cease them entirely. KATX has extremely limited
capital available. There can be no assurance that the Company will receive
further capital contributions from KATX in the future or otherwise generate the
necessary funding to operate or develop its business.

Mineral
RightsThe acquisition of mineral rights in the province of
Newfoundland and Labrador (the Province) is by online map staking through
the Provinces Mineral Rights Administration System, known as MIRIAD. A mineral
license gives the licensee the exclusive right to explore for minerals in, on
or under the area of land described in the license. A mineral exploration
license is issued for a five-year term and may be renewed and held for a
maximum of twenty years, provided the required annual assessment work is
completed, reported and accepted by the Department of Natural Resources of the
Province of Newfoundland and Labrador, and the renewal fees area paid. A
license holder has the right to convert any part of the mineral license to a
mining lease provided all provisions of Section 31 of the Mineral Act of the
Province of Newfoundland and Labrador are met. KATX has received and is in
possession of all the licenses, grants and other governmental approvals
required to operate its business, all of which licenses, grants and approvals
are, to the extent necessary, in the process of being assigned to Kat Gold. The
cost of obtaining such governmental approvals is presently insignificant.

Going
ConcernAs of the date of this quarterly report, there is
substantial doubt regarding the Companys ability to continue as a going
concern as it has not generated sufficient cash flow to fund its proposed
business. The Company has suffered recurring losses from operations since
inception. In addition, the Company has yet to generate an internal cash flow
from its business operations or successfully raise the financing required to
develop its proposed business. As a result of these and other factors, the
Companys independent auditor has expressed substantial doubt about the
Companys ability to continue as a going concern. The Companys future success
and viability, therefore, are dependent upon its ability to generate capital
financing. The failure to generate sufficient revenues or raise additional
capital may have a material and adverse effect upon the Company and its
shareholders.

Managements plans with regard to these matters include, but are not
limited to, the following actions: (i) obtaining funding from new investors to
alleviate the Companys working deficiency, and (ii) implementing a plan to
generate sales. The Companys continued existence is dependent upon its ability
to resolve its liquidity problems and increase profitability in its current
business operations. However, the outcome of managements plans cannot be
ascertained with any degree of certainty. The Companys financial statements do
not include any adjustments that might result from the outcome of these risks
and uncertainties.

Variables
and TrendsOther than the current exploration of the Handcamp
gold property, the Company has no operating history with respect to its
exploration, acquisition and development of gold properties. However, KATX and
certain of the officers and directors of the Company, including Ken Stead,
Timothy Stead and Wayne Pickett, have significant mining exploration,
acquisition and development experience. In the event that the Company is able
to obtain the necessary financing to move forward with its business plan, the
Company expects that its expenses will increase significantly as it attempts to
grow its business. Accordingly, the above estimates for the financing required
may not be accurate and must be considered in light these circumstances.

CommitmentsAs of this quarterly report, the Companys only
material capital commitment was the continued funding of the exploration of the
Handcamp gold property. It is anticipated that any further capital commitments
that may be incurred will be financed principally through the issuance of
securities of the Company. However, there can be no assurance that additional
capital resources and financings will be available to the Company on a timely
basis, on acceptable terms, or at all.

Off
Balance Sheet ArrangementsThe Company has no off-balance sheet arrangements that
have or are reasonably likely to have a current or future effect on our
financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources
that are material to investors.

|                |                                                             
|--------------- | ------------------------------------------------------------
|ITEM 3.         | QUANTITATIVE AND QUALITATIVE DISCLOSURES
 ABOUT MARKET RISK.
|Not
 Applicable

- 11 -

---



|        |                        
|------- | -----------------------
|ITEM 4. | CONTROLS AND PROCEDURES

Conclusion
Regarding the Effectiveness of Disclosure Controls and ProceduresThe Company maintains disclosure controls and
procedures are designed to ensure that information required to be disclosed in
reports filed with the SEC pursuant to the Securities Exchange of 1934, as
amended (the Exchange Act) is recorded, processed, summarized and reported
within the time periods specified in the SECs rules and forms, and that such
information is accumulated and communicated to the Companys management,
including its chief executive officer and chief financial officer, as
appropriate, to allow timely decisions regarding required disclosure. In
designing and evaluating the disclosure controls and procedures, management
recognizes that any set of disclosure controls and procedures, no matter how
well designed and operated, can provide only reasonable assurance of achieving
the desired control objectives, and management necessarily is required to apply
its judgment in evaluating the cost-benefit relationship of possible controls
and procedures.

The Companys chief executive and financial officer concluded, for the
quarterly period ended June 30, 2010, that the Companys disclosure controls and
procedure were not effective. Since that date, however, the Company has
improved the effectiveness of its disclosure controls and procedures by taking
certain steps including, but not limited to: (i) initiating activities to
regularly evaluate and, where necessary, enhance the effectiveness of such
disclosure controls and procedures, and (ii) hiring a chief financial officer
whom management believes to be qualified to act as such on behalf of a publicly
reporting company at the Companys stage of development.

As a result, the Companys chief executive officer and its chief
financial officer evaluated the effectiveness of the Companys disclosure
controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act) as
of September 30, 2010. Based on such evaluation, the chief executive officer
and the chief financial officer concluded that the Companys disclosure
controls and procedures were effective as of September 30, 2010.

Changes
in Internal Control over Financial Reporting. The
Companys management has evaluated whether any change in its internal control
over financial reporting occurred during the last fiscal quarter. Based on that
evaluation, management concluded that there has been no change in the Companys
internal control over financial reporting during the relevant period that has
materially affected, or is reasonably likely to materially affect, the
Companys internal control over financial reporting.

PART II - OTHER INFORMATION

|        |                                                             
|------- | ------------------------------------------------------------
|ITEM 1. | LEGAL PROCEEDINGS                                           
|None    |                                                             
|        |                                                             
|ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND
 USE OF PROCEEDS
|None    |                                                             
|        |                                                             
|ITEM 3. | DEFAULTS UPON SENIOR SECURITIES                             
|None    |                                                             
|        |                                                             
|ITEM 4. | REMOVED AND RESERVED                                        
|None    |                                                             
|        |                                                             
|ITEM 5. | OTHER INFORMATION                                           
|None    |                                                             
|        |                                                             
|ITEM 6. | EXHIBITS AND 8K                                             

|    |                                        
|--- | ---------------------------------------
|(a) | Exhibits
 furnished as Exhibits hereto:

Exhibit No.
           Description

|     |                                                                                                         
|---- | --------------------------------------------------------------------------------------------------------
|31.1 | Certification
 of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley
 Act of 2002
|31.2 | Certification
 of the Chief Financial Officer 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                                

- 12 -

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

|                   |                         |                                           | 
|------------------ | ----------------------- | ----------------------------------------- | 
|                   | KAT GOLD HOLDINGS CORP.
|                   |                         |                                          
|November 22,
 2010 | By:                     | /s/ Kenneth
 Stead                        | 
|                   |                         |                                           | 
|                   |                         | Kenneth
 Stead, Chief Executive Officer  
|                   |                         | (Principal Executive
 Officer)           
|                   |                         |                                          
|November 22,
 2010 | By:                     | /s/ David M.
 Barnes                      | 
|                   |                         |                                           | 
|                   |                         | David M.
 Barnes, Chief Financial Officer
|                   |                         | (Principal Accounting
 Officer)          

- 13 -

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