**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**Washington, D.C. 20549

**FORM 10-QSB**

| (Mark        One) |
|-------------------|
|              |   |   |   |
| ý             | QUARTERLY        REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|              |   |   | For the quarterly        period ended                  **June 30, 2005**           |
|              |   |   |   |
| o             | TRANSITION        REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT |
|                   |  |  | for the transition        period from                             to                      |
|              |   |   |   |
|                   |  |  | Commission file        number **                 0-51135          ** |

| **  **
** MUSTANG        RESOURCES INC.**
(Exact name of        small business as specified in its charter)
 
**Nevada**
**76-0747679**

(State or other      jurisdiction of incorporation or organization)                                         (IRS Employer Identification No.)
 
**1574 Gulf      Rd.  #1505, Point Roberts, WA, 98281**

(Address of      principal executive offices)
 
**604-261-6100**

(Issuer's      telephone number)
 
(Former name,      former address and former fiscal year, if changed since last report) 
Check      whether the issuer (1) filed all reports required to be filed by Section      13 or 15(d) of the Exchange Act during the past 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  ý          No  o

 
**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY****PROCEEDINGS      DURING THE PRECEDING FIVE YEARS** Check      whether the registrant filed all documents and reports required to be      filed by Section 12, 13 or 15(d) of the ExchangeAct      after the distribution of securities under a plan confirmed by a court.          Yes  o          No  o 
**APPLICABLE ONLY      TO CORPORATE ISSUERS**
 

State      the number of shares outstanding of each of the issuer's classes of common      equity, as of the latest practicable date:

 **              2,018,002 shares of common stock, $0.001 par value, as of  August 11, 2005          **

 

Transitional      Small Business Disclosure Format (Check one):     Yes        o                No  ý

 

 

 

 

**Table of Contents**  
**Page**  
 
PART I      
PART II         Item 6.      Exhibits and Reports on Form 8-K3              
    
      SIGNATURES          Signatures
3
   
 

 

 

Page 2

**PARTI**

 

The Registrant falls within theprovisions of Rule 13a-13(c)(2) of the Securities Exchange Act of 1934, asamended, and claims exemption thereunder from the requirement to file Part I.

 

**PART II**

**Item 6.  Exhibitsand Reports on Form 8-K**

(A) Exhibits

  
Exhibit Number
 
Description of Exhibits    31.1Certification of Chief        Executive Officer pursuant to Section 302 of the        Sarbanes-Oxley Act of 2002.    31.2Certification of Chief        Financial Officer pursuant to Section 302 of the        Sarbanes-Oxley Act of 2002.     32.1 Certification of Chief Executive Officer        pursuant to Section 906 of the        Sarbanes-Oxley Act of 2002     32.2  Certification of Chief Financial Officer        pursuant to Section 906 of the        Sarbanes-Oxley Act of 2002
 (B) The Company filed thefollowing report on Form 8-K during the three month period ended June 30, 2005.

On July 29, 2004, the  Company filed a Form 8-K to to advise that the On July 20, 2005, we completed  an offering, pursuant to Regulation S of the Securities Act, of 98,000 shares  of our common stock to a total of 42 purchasers at a price of $0.10 per  share.  None of the securities were sold through an underwriter and  accordingly, there were no underwriting discounts or commissions involved.

 

**SIGNATURES**
In accordance with Section 13 or 15(d) of the Exchange Act, theregistrant caused this report to be signed on its behalf by the undersigned,thereunto duly authorized. 
MUSTANG RESOURCES INC.

/s/ Terry G. Cook
Terry G. CookPresident
Date: August 11, 2005

Page 3 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|