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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

FORM 10-QSB

[X]
     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2007OR[  ]
     Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from to


COMMISSION FILE NUMBER 000-51263

STERLING GOLD CORP.(Exact name of registrant as specified in its charter)

NEVADA
     N/A(State of other jurisdiction of incorporation or organization)
     (IRS Employer Identification Number)


200 South Main Suite IPocatello, ID   83221(Address of principal executive offices)

(208) 232-5603(Registrant's telephone number, including area code)

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 [  ]

The Registrant is a shell company. Yes [  ]   No [X]

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PART I. FINANCIAL INFORMATION

ITEM 1. INTERIM FINANCIAL STATEMENTS

STERLING GOLD CORP(An Exploration Stage Company)INTERIM BALANCE SHEETS

(Unaudited)(Stated in U.S. Dollars)



APRIL 30
     
     
     JANUARY 312007
     
     
     2007ASSETSCurrentCash
     $
     32,126
     
     $
     1,121LIABILITIESCurrentAccounts payable and accrued liabilities
     $
     4,945
     
     $
     11,322Promissory notes payable (Note 5)
     
     51,000
     
     
     20,000Advance payable (Note 6)
     
     1,529
     
     
     1,52957,474
     
     
     32,851SHAREHOLDERS DEFICIENCYShare CapitalAuthorized:100,000,000 common shares with a par value of $0.00001 per shareIssued and outstanding:6,005,000 common shares at April 30, 20076,005,000 common shares at January 31, 2007
     
     60Additional paid-in capital
     
     100,490
     
     
     100,490Unit subscriptions received
     
     15,000Deficit Accumulated During The Exploration Stage
     
     (140,898
     )
     
     (132,280
     )(25,348
     )
     
     (31,730
     )$
     32,126
     
     $
     1,121


The accompanying notes are an integral part of these financial statements.F-1

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STERLING GOLD CORP(An Exploration Stage Company)INTERIM STATEMENTS OF OPERATIONS(Unaudited)(Stated in U.S. Dollars)CUMULATIVEPERIOD FROMINCEPTIONJANUARY 26THREE MONTHS ENDED
     
     
     2004 TOAPRIL 30
     
     
     APRIL 302007
     
     
     2006
     
     
     2007Revenue
     $
     -
     
     $
     -
     
     $
     -ExpensesConsulting fees
     
     -
     
     
     -
     
     
     9,000Interest and bank charges
     
     1,073
     
     
     316
     
     
     3,543Mineral claim payment and exploration expenditures
     
     -
     
     
     -
     
     
     26,800Office and sundry
     
     -
     
     
     1,393
     
     
     13,378Professional fees
     
     7,395
     
     
     17,520
     
     
     85,800Regulatory
     
     150
     
     
     1,782
     
     
     2,3778,618
     
     
     12,883
     
     
     140,898Net Loss For The Period
     $
     (8,618
     )
     $
     (12,883
     )
     $
     (140,898
     )Basic And Diluted Net Loss Per Common Share
     $
     (0.00
     )
     $
     (0.00
     )Weighted Average Number Of Common SharesOutstanding
     
     6,005,000
     
     
     6,005,000










The accompanying notes are an integral part of these financial statements.

F-2



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STERLING GOLD CORP(An Exploration Stage Company)INTERIM STATEMENTS OF CASH FLOWS(Unaudited)(Stated in U.S. Dollars)CUMULATIVEPERIOD FROMINCEPTIONJANUARY 26THREE MONTHS ENDED
     
     
     2004 TOAPRIL 30
     
     
     April 302007
     
     
     2006
     
     
     2007Cash Provided By (Used For):Operating ActivitiesNet loss for the period
     $
     (8,618
     )
     $
     (12,883
     )
     $
     (140,898
     )Changes in non-cash working capital items:Prepaid expenses
     
     -
     
     
     289
     
     
     -Accounts payable and accrued liabilities
     
     (6,377
     )
     
     (1,415
     )
     
     4,945(14,995
     )
     
     (14,009
     )
     
     (135,953
     )Financing ActivitiesIssue of share capital
     
     -
     
     
     -
     
     
     100,550Unit subscriptions received
     
     15,000
     
     
     -
     
     
     15,000Advance payable
     
     -
     
     
     -
     
     
     1,529Promissory notes payable
     
     31,000
     
     
     10,250
     
     
     51,00046,000
     
     
     10,250
     
     
     168,079Net Increase (Decrease) In Cash
     
     31,005
     
     
     (3,759
     )
     
     32,126Cash, Beginning Of The Period
     
     1,121
     
     
     10,028
     
     
     -Cash, End Of The Period
     $
     32,126
     
     $
     6,269
     
     $
     32,126Supplemental Information Of Cash Flow InformationInterest paid
     $
     -
     
     $
     -
     
     $
     -Income taxes paid
     $
     -
     
     $
     -
     
     $
     -




The accompanying notes are an integral part of these financial statements.F-3



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STERLING GOLD CORP(An Exploration Stage Company)INTERIM STATEMENT OF STOCKHOLDERS EQUITY (DEFICIENCY)PERIOD FROM INCEPTION, JANUARY 26, 2004, TO APRIL 30, 2007(Stated in U.S. Dollars)

DEFICITCOMMON SHARES
     
     SHARE/Unit
     ACCUMULATEDADDITIONAL                SUBSCRIPTIONS
     DURING THEPAR
     
     PAID-IN
     
     RECEIVED
     EXPLORATIONNUMBER                      VALUE
     
     CAPITAL
     (RECEIVABLE)
     
     STAGE
     
     TOTALJanuary 2004 - Sharesissued for cash at $0.00001
     5,000,000
     $
     50
     $
     -
     $
     (50)
     $
     -
     $
     -Net loss for the period
     -
     
     -
     
     -
     
     -
     
     (14,425
     )
     (14,425
     )Balance, January 31, 2004
     5,000,000
     
     50
     
     -
     
     (50)
     
     (14,425
     )
     (14,425
     )Share subscriptions received
     -
     
     -
     
     -
     
     12,050
     
     -
     
     12,050Net loss for the year
     -
     
     -
     
     -
     
     -
     
     (20,953
     )
     (20,953
     )Balance, January 31, 2005
     5,000,000
     
     50
     
     -
     
     12,000
     
     (35,378
     )
     (23,328
     )Shares issued for cash at $0.10
     1,005,000
     
     10
     
     100,490
     
     (12,000)
     
     -
     
     88,500Net loss for the year
     -
     
     -
     
     -
     
     -
     
     (59,114
     )
     (59,114
     )Balance, January 31, 2006
     6,005,000
     
     60
     
     100,490
     
     -
     
     (94,492
     )
     6,058Net loss for the year
     -
     
     -
     
     -
     
     -
     
     (37,788
     )
     (37,788
     )Balance, January 31, 2007
     6,005,000
     
     60
     
     100,490
     
     -
     
     (132,280
     )
     (31,730
     )Subscriptions received
     -
     
     -
     
     -
     
     15,000
     
     -
     
     15,000Net loss for the period
     -
     
     -
     
     -
     
     -
     
     (8,618
     )
     (8,618
     )Balance, April 30, 2007
     6,005,000
     $
     60
     $
     100,490
     $
     15,000
     $
     (140,898
     ) $
     (25,348
     )








The accompanying notes are an integral part of these financial statements.F-4



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STERLING GOLD CORP(An Exploration Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTSAPRIL 30, 2007(Unaudited)(Stated in U.S. Dollars)

1.
     BASIS OF PRESENTATIONThe unaudited financial statements as of April 30, 2007 included herein, have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. It is suggested that these financial statements be read in conjunction with the January 31, 2007 audited financial statements and notes thereto. Results of this quarter are not indicative of the results for the year ending January 31, 2008.2.
     NATURE OF OPERATIONS AND GOING CONCERNOrganizationSterling Gold Corp. (the Company) was incorporated in the State of Nevada, U.S.A., on January 26, 2004.Exploration Stage ActivitiesThe Company has been in the exploration stage since its formation and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage.Going ConcernThe accompanying financial statements have been prepared assuming the Company will continue as a going concern.As shown in the accompanying financial statements, the Company has incurred a net loss of $8,618 for the three month period ended April 30, 2007 and a deficit since inception of $140,898 and has no revenue. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its mineral claims. Management has plans to seek additional capital through a private placement and public offering of its common stock. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.


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STERLING GOLD CORP(An Exploration Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTSAPRIL 30, 2007(Unaudited)(Stated in U.S. Dollars)

3.
     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe financial statements have, in managements opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:a)
     Exploration Stage CompanyThe Company complies with Financial Accounting Standards Board (FASB) Statement No. 7, and Securities and Exchange Commission (SEC) Act Guide 7 in its characterization as an exploration stage company.b)
     Mineral Claim Payments and Exploration ExpendituresThe Company expenses all costs related to the acquisition, maintenance and exploration of mineral claims in which it has secured exploration rights prior to establishment of proven and probable reserves. To date, the Company has not established the commercial feasibility of its exploration prospects; therefore, all costs are being expensed.c)
     Use of EstimatesThe preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses for the reporting period. Actual results could differ from these estimates.d)
     Foreign Currency TranslationThe Companys functional currency is the U.S. dollar. Transactions in foreign currency are translated into U.S. dollars as follows:i)
     monetary items at the rate prevailing at the balance sheet date;ii)
     non-monetary items at the historical exchange rate;iii)
     revenue and expense items at the average rate in effect during the applicable accounting period.Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date. Any exchange gains or losses are included in the Statement of Operations.


F-6

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STERLING GOLD CORP.(An Exploration Stage Company)

NOTES TO INTERIM FINANCIAL STATEMENTS

APRIL 30, 2007(Unaudited)
(Stated in U.S. Dollars)

3.
     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued)e)
     Basic and Diluted Loss Per ShareIn accordance with SFAS No. 128  Earnings Per Share, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At April 30, 2007, the Company has no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.f)
     Financial InstrumentsThe carrying values of the Companys financial instruments, including cash, accounts payable and accrued liabilities, note payable and advance payable, approximate their fair values due to their short term maturities.The Company has adopted SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity. This Statement establishes standards for how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity. SFAS No. 150 requires that an issuer classify a financial instrument that is within its scope as a liability (or an asset in some circumstances). The financial instruments affected includes certain obligations that can be settled with shares of stock.g)
     Cash and Cash EquivalentsCash consists of cash on deposit with high quality major financial institutions, and, to date, has not experienced losses on any of its balances. For purposes of the balance sheet and statement of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. At April 30, 2007, the Company had no cash equivalents.




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STERLING GOLD CORP(An Exploration Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTSAPRIL 30, 2007(Unaudited)(Stated in U.S. Dollars)

4.
     MINERAL CLAIM INTERESTOn November 18, 2003, the Company acquired, from a private company controlled by the Companys former president and a present director, a 100% interest in one mineral claim located in Cariboo Mining Division, British Columbia, Canada, known as the K-2 Mining Claim. The consideration for the acquisition was a cash payment of $6,800, which represented reimbursement of the cost paid by the vendor for the staking of the mineral claim. Title continues to be recorded in the name of this private company on behalf of the Company.5.
     PROMISSORY NOTES PAYABLEThe amounts at April 30, 2007 of $51,000 (2006 - $10,250), comprising three promissory notes of $10,000, $11,000 and $30,000, are due to an unrelated party, are unsecured, bear interest at 10% per annum and are repayable on August 1, 2007, February 1, 2008 and March 1, 2008, respectively.6.
     ADVANCE PAYABLEThe amount at April 30, 2007 of $1,529 (2006 - $1,529) is due to a company owned by a former president and a present director of the Company, is unsecured, interest free and repayable on demand.7.
     RELATED PARTY TRANSACTIONS AND AMOUNTS OWINGDuring the period ended April 30, 2007, the Company carried out a number of transactions with related parties in the normal course of business. These transactions were recorded at their exchange amount, which is the amount of consideration paid or received, as established and agreed to by the related parties as if they were dealing at arms length.The following are related party transactions and amounts owing at April 30, 2007 that are not otherwise disclosed elsewhere:The Company incurred accounting fees of $2,800 (2006 - $Nil) to the Companys president, director, officer and majority shareholder. This amount is included in accounts payable at April 30, 2007 (2006 - $Nil).


F-8



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STERLING GOLD CORP(An Exploration Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTSAPRIL 30, 2007(Unaudited)(Stated in U.S. Dollars)

7.
     RELATED PARTY TRANSACTIONS AND AMOUNTS OWING(Continued)The Company currently has no employees and relies upon its sole officer and directors to further its affairs. The sole officer and directors provide services to the Company without any salaried compensation.8.
     CONTRACTUAL OBLIGATIONS AND COMMITMENTSThe Company has no significant contractual obligations or commitments with any parties respecting executive compensation, consulting arrangements, rental premises or other matters, except as disclosed elsewhere in these notes. The officer and directors provide management services to the Company without any compensation.9.
     SUBSEQUENT EVENTOn of May 17, 2007, the Company closed a private placement of 12,375,000 units and raised $618,750. The price per unit was $0.05. Each unit was comprised of one restricted share of common stock and one restricted common stock purchase warrant. Two warrants and the payment of $0.25 allowed for the purchase of one additional restricted share of common stock. The warrants expire five years from the date of the subscription agreement evidencing the purchase of the units. As at April 30, 2007, the Company had received $15,000 cash in subscriptions.












F-9



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ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS

This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

We will be conducting research in the form of exploration of the property. Our exploration program is in the "Milestones" section of this report. We are not going to buy or sell any plant or significant equipment during the next twelve months. We will not buy any equipment until we have located a body of ore and we have determined it is economical to extract the ore from the land.

We have contacted an individual to submit to us a contract for exploration work to be done on the property. At this time, we are waiting for the contract to go ahead with the exploration activities.

We do not intend to interest other companies in the property if we find mineralized materials. We intend to try to develop the reserves ourselves.

If we are unable to complete exploration because we dont have enough money, we will cease operations until we raise more money. If we cant or dont raise more money, we will cease operations. If we cease operations, we have no plans as to what we will do.

We do not intend to hire additional employees at this time. All of the work on the property will be conducted by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Milestones

The following are our milestones:

1.
     To finalize a contract to continue working on the work program for claims.2.
     In the summer of 2007. - Core drilling. Core drilling will cost $20.00 per foot. The number of holes to be drilled will be dependent upon the amount raised from our public offering. Core drilling will be subcontracted to non affiliated third parties. Time to conduct the core drilling - 90 days.






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3.   In the fall of 2007. - Have an independent third party analyze the samples from the core drilling. Determine if mineralized material is below the ground. If mineralized material is found, define the body. We estimate that it will cost $10,000 to analyze the core samples and will take 30 days.

All funds for the foregoing activities will be obtained from our public offering.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we will conduct into the research and exploration of our properties before we start production of any minerals we may find. We are seeking equity financing to provide for the capital required to implement our research and exploration phases.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of OperationsFrom Inception on January 24, 2004

We will conduct our exploration activities on one property containing one claim. The property is staked and we will begin our exploration plan upon completion of our public offering.

Since inception, we have used loans from Woodburn Holdings Ltd., a corporation owned by Robert Baker, our former president and a loan from Dimac Capital Corporation, a corporation owned by Kathrine MacDonald, one of our former shareholders, to stake the property, to incorporate us, and for legal and accounting expenses. Net cash provided by them from inception on January 24, 2004 to April 30, 2006 was $1,529. The loans are not evidenced by any written instrument and are without interest.

Liquidity and Capital Resources

As of the date of this report, we have yet to generate any revenues from our business operations.

We issued 5,000,000 shares of common stock through a Section 4(2) offering in January 2004. This was accounted for as a purchase of shares of common stock.

On November 18, 2004, our public offering was declared effective by the SEC (SEC file no. 333-112988). On May 10, 2005, we completed our public offering and sold 1,005,000 shares of common stock and raised $100,500. We spent all of the proceeds from the offering as we previously reported.



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ITEM 3.   CONTROLS AND PROCEDURES

(a)Evaluation of Disclosure Controls and Procedures:Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports our files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b)Changes in Internal Control over Financial Reporting:There were no changes in our internal control over financial reporting identified in connection with our evaluation of these controls as of the end of the period covered by this report that could have affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to deficiencies and material weakness.

PART II - OTHER INFORMATION

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K.

The following Exhibits are attached hereto:

Exhibit No.
     Document Description31.1
     Certification of Principal Executive Officer and Principal Financial Officer pursuant toRule 13a-15(a) and Rule 15d-15(a), promulgated under the Securities Exchange Act of1934, as amended.32.1
     Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of2002.








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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 14thday of June, 2007.

STERLING GOLD CORP.(Registrant)BY:ALLEN COLLINSAllen CollinsPresident, Principal Executive Officer, Secretary,Treasurer, Principal Financial Officer andmember of the Board of Directors.































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