**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC  20549**

**FORM 10-Q**

**QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**For the Quarterly Period ended September 30, 2009**

**Commission File Number:     ****000-53493**

**TREVENEX RESOURCES, INC.**

 (Exact name of registrant as specified in charter)

|                                                                 |        |                                      |
|-----------------------------------------------------------------|--------|--------------------------------------|
| **Nevada**                                                      |   | **98-0408708**                       |
| (State or other jurisdiction of

incorporation or organization) |   | (I.R.S. Employer Identification No.) |

**25 West Cataldo, Suite A**

**Spokane, Washington 99202**

 (Address of principal executive offices, including Zip Code)

Issuer’s telephone number:**(509) 869-6877**

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 [  ]

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. (Check one):

|                                               |                               |
|-----------------------------------------------|-------------------------------|
| Large accelerated filer [  ]             | Accelerated filer [  ]   |
| Non-accelerated filer [  ]          | Smaller reporting company [X] |
| (Do not check if a smaller reporting company) |                          |

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). 

Yes [X]  No [  ]

On October 26, 2009, 1,750,000 shares of the registrant's common stock, par value $.001 per share, were outstanding.

----

**TABLE OF CONTENTS**

|                                 |                                                                                            |        |
|---------------------------------|--------------------------------------------------------------------------------------------|--------|
|                            |                                                                                       |   |
| **ITEM NUMBER AND CAPTION**     | **PAGE**                                                                                   |
|                            |                                                                                       |   |
| **PART I**                      |                                                                                       | **3**  |
|                            |                                                                                       |   |
|   ITEM 1.             | Financial Statements                                                                       | 3      |
|   ITEM 2.             | Management’s Discussion and Analysis of Financial Condition And Results of Operations | 16     |
|   ITEM 3.   | Quantitative and Qualitative Disclosures About Market Risk                                 | 18     |
|   ITEM 4.             | Controls and Procedures                                                                    | 18     |
|                            |                                                                                       |   |
| **PART II**                     |                                                                                       | **19** |
|                            |                                                                                       |   |
|   ITEM 1.             | Legal Proceedings                                                                          | 19     |
|   ITEM 1A.            | Risk Factors                                                                               | 19     |
|   ITEM 2.             | Unregistered Sales of Equity Securities and Use of Proceeds                                | 19     |
|   ITEM 3.             | Defaults Upon Senior Securities                                                            | 19     |
|   ITEM 4.             | Submission of Matters to a Vote of Security Holders                                        | 19     |
|   ITEM 5.             | Other Information                                                                          | 19     |
|   ITEM 6.             | Exhibits                                                                                   | 19     |
|                            |                                                                                       |   |
| **SIGNATURES**                  |                                                                                       | **20** |

- 2 -

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**PART I – FINANCIAL INFORMATION**

**ITEM 1.  FINANCIAL STATEMENTS**

Trevenex Resources, Inc.

 (An Exploration Stage Company)

September 30, 2009 and 2008

Index to Consolidated Financial Statements 

|                                                                                                                                                                                                     |          |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| **CONTENTS**                                                                                                                                                                                        | **Page** |
| Consolidated Balance Sheets at September 30, 2009 (Unaudited) and June 30, 2009                                                                                                                     | 4        |
| Consolidated Statements of Operations for the Three Months Ended September 30, 2009 and 2008 and for the Period from December 10, 2007 (Inception) through September 30, 2009 (Unaudited)...   | 5        |
| Consolidated Statement of Stockholders’ Equity for the Period from December 10, 2007 (Inception) through September 30, 2009 (Unaudited)...                                                | 6        |
| Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2009and 2008, and for the Period from December 10, 2007 (Inception) through September 30, 2009 (Unaudited)           | 7        |
| Notes to the Interim Consolidated Financial Statements (Unaudited)                                                                                                                                  | 8-16     |

- 3 -

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|                                                       |                                                  |                                                                                                      |                                            |                    |              |        |              |               |              |              |
|-------------------------------------------------------|--------------------------------------------------|------------------------------------------------------------------------------------------------------|--------------------------------------------|--------------------|--------------|--------|--------------|---------------|--------------|--------------|
| TREVENEX RESOURCES, INC                               |
| (AN EXPLORATION STAGE COMPANY)                        |
| CONSOLIDATED BALANCE SHEETS                           |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             |                                                                                                 |                                       | September 30, 2009 |         |   |         | June 30, 2009 |
|                                                  |                                             |                                                                                                 |                                       | (Unaudited)        |         |   |         |          |         |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
| ** ASSETS**                                      |                                             |                                                                                                 |                                       |               |         |   |         |          |
|  CURRENT ASSETS:                                 |                                             |                                                                                                 |                                       |               |         |   |         |
|                                                  | Cash                                             |                                                                                                 |  $                                    | 342           |         |   |         | $        | 60      |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             | Total Current Assets                                                                                 |                                       | 342           |         |   |         |          | 60      |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|  MINING CLAIMS                                   |                                             | 40,000                                                                                          |                                       |               |         |   | 40,000  |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             |                                                                                                 | Total Assets                               |  $            | 40,342  |   |         |          | $       | 40,060  |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
| ** LIABILITIES AND STOCKHOLDERS' EQUITY**        |                                             |                                                                                                 |                                       |               |         |   |         |
|  CURRENT LIABILITIES:                            |                                             |                                                                                                 |                                       |               |         |   |         |
|                                                  | Accounts payable                                 |  $                                                                                              | 22,528                                |               |         |   | $       | 7,612    |
|                                                  | Accrued expenses                                 |                                                                                                 | 2,900                                 |               |         |   |         | 5,400    |
|                                                  | Note payable                                     |                                                                                                 | 500                                   |               |         |   |         | -        |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             | Total Current Liabilities                                                                            |                                       | 25,928        |         |   |         |          | 13,012  |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|  STOCKHOLDERS' EQUITY:                           |                                             |                                                                                                 |                                       |               |         |   |         |
|                                                  | Preferred stock at $.001 par value:              |                                                                                                 |                                       |               |         |   |         |          |
|                                                  |                                             | 10,000,000 shares authorized

no shares issued or outstanding                                        |                                       |               |         |   |         |          |         |
|                                                  | Common stock at $0.001 par value:                |                                                                                                 |                                       |               |         |   |         |          |
|                                                  |                                             | 100,000,000 shares authorized,

1,750,000 and 1,700,000 shares

issued and outstanding, respectively |                                       | 1,750         |         |   |         |          | 1,700   |
|                                                  | Additional paid-in capital                       |                                                                                                 | 181,050                               |               |         |   |         | 168,600  |
|                                                  | Deficit accumulated during the exploration stage |                                                                                                 | (168,386)                                  |               |         |   |         | (143,252)     |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             | Total Stockholders' Equity                                                                           |                                       | 14,414        |         |   |         |          | 27,048  |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
|                                                  |                                             |                                                                                                 | Total Liabilities and Stockholders' Equity |  $            | 40,342  |   |         |          | $       | 40,060  |
|                                                  |                                             |                                                                                                 |                                       |               |         |   |         |          |         |         |
| *See accompanying notes to the financial statements.* |

- 4 -

----

|                                                             |                                                   |                                |          |                      |                 |        |         |                      |              |                 |        |                     |                     |               |                 |        |
|-------------------------------------------------------------|---------------------------------------------------|--------------------------------|----------|----------------------|-----------------|--------|---------|----------------------|--------------|-----------------|--------|---------------------|---------------------|---------------|-----------------|--------|
| TREVENEX RESOURCES, INC                                     |
|  (AN EXPLORATION STAGE COMPANY)                        |
|  CONSOLIDATED STATEMENTS OF OPERATIONS                 |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                | For the Period from |          |
|                                                        |                                              |                           |     | For the Three Months |            |   |    | For the Three Months |         |            |   | December 10, 2007   |                |
|                                                        |                                              |                           |     | Ended                |            |   |    | Ended                |         |            |   | (Inception) through |                |
|                                                        |                                              |                           |     | September 30, 2009   |            |   |    | September 30, 2008   |         |            |   | September 30, 2009  |                |
|                                                        |                                              |                           |     | (Unaudited)          |            |   |    | (Unaudited)          |         |            |   | (Unaudited)         |                |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  OPERATING EXPENSES:                                   |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |
|                                                        |  Professional fees                           |                           |  $  | 24,275          |            |   |    | $               | 28,214  |            |   |                | $              | 121,127  |            |
|                                                        |  Unpatented claims location cost             |                           |     | -               |            |   |    |                 | -       |            |   |                |                | 34,354   |            |
|                                                        |  Rent expense - related party                |                           |     | 600             |            |   |    |                 | 600     |            |   |                |                | 4,200    |            |
|                                                        |  General and administrative expenses         |                           |     | 259             |            |   |    |                 | 55      |            |   |                |                | 8,705    |            |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|                                                        |                                              |  Total operating expenses |     |                 | 25,134     |   |    |                 |         | 28,869     |   |                |                |          | 168,386    |   |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  LOSS FROM OPERATIONS                                  |                                              |                           | (25,134) |                 |            |   |    | (28,869)             |         |            |   |                | (168,386)           |          |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  LOSS BEFORE TAXES                                |                                              |                           | (25,134) |                 |            |   |    | (28,869)             |         |            |   |                | (168,386)           |          |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  INCOME TAXES                                          |                                              |                           | -   |                 |            |   |    | -               |         |            |   |                | -              |          |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  NET LOSS                                              |                                              |  $                        | (25,134) |                 |            |   | $  | (28,869)             |         |            |   | $              | (168,386)           |          |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|  NET LOSS PER COMMON SHARE -                      |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |
|                                                        |  BASIC AND DILUTED:                          |                           |  $  | (0.01)               |            |   |    | $               | (0.02)       |            |   |                | $              | (0.11)        |            |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
|                                                        |  Weighted Common Shares Outstanding -   |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |
|                                                        |                                              |  basic and diluted        |     |                 | 1,750,000  |   |    |                 |         | 1,500,000  |   |                |                |          | 1,543,182  |   |
|                                                        |                                              |                           |     |                 |            |   |    |                 |         |            |   |                |                |          |            |   |
| * See accompanying notes to the financial statements.* |

- 5 -

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|                                                                              |                                            |                 |              |                                      |             |                  |         |                           |               |                         |                  |         |                     |               |              |        |
|------------------------------------------------------------------------------|--------------------------------------------|-----------------|--------------|--------------------------------------|-------------|------------------|---------|---------------------------|---------------|-------------------------|------------------|---------|---------------------|---------------|--------------|--------|
| TREVENEX RESOURCES, INC                                                      |
|  (AN EXPLORATION STAGE COMPANY)                                         |
| CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY                               |
| For the Period from December 10, 2007 (Inception) through September 30, 2009 |
|  (Unaudited)                                                            |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|                                                                         |                                       |            |         |  Common Stock, $0.001 Par Value |        |  Additional |    |  Deficit accumulated |          |  Total             |
|                                                                         |                                       |            |         |  Number of                      |        |             |    |                      |  Paid-in |                    |  During the |    |  Stockholders' |
|                                                                         |                                       |            |         |  Shares                         |        |  Amount     |    |  Capital             |          |  Exploration Stage |             | Equity  |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Balance, December 10, 2007 (inception)                                 | -                                     |            | $       | -                               |        | $           | -  |                      | $        | -                  |             | $  | -              |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Issuance of common stock to  founders at par                      | 300,000                               |            |         | 300                             |        |             | -  |                      |          |                    |             |    | 300            |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Issuance of common stock for cash                                      |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |
|                                                                         |  in December 2007 at $0.10 per share  | 1,000,000  |         |                                 | 1,000  |             |    | 99,000               |          |                    |             |    |                | 100,000  |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Issuance of common stock associated with                               |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |
|                                                                         |  the acquisition of mining claims     |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |
|                                                                         |  on December 26, 2007 valued at       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |
|                                                                         |  $0.10 per share                      | 200,000    |         |                                 | 200    |             |    | 19,800               |          |                    |             |    |                | 20,000   |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Net loss                                                               |                                       |            |         |                                 |        |             |    |                      |          |                    | (78,516)         |    |                | (78,516)      |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Balance, June 30, 2008                                                 |                                       | 1,500,000  |         |                                 | 1,500  |             |    | 118,800              |          |                    | (78,516)         |    |                | 41,784   |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Issuance of common stock for cash                                      |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |
|                                                                         |  on June 11, 2009 at $0.25 per share  | 185,200    |         |                                 | 185    |             |    | 46,115               |          |                    |             |    |                | 46,300   |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
| Issurance of common stock for conversion                                |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |
|                                                                         |  of accounts payable on June 12, 2009 |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |
|                                                                         |  at $0.25 per share                   | 14,800     |         |                                 | 15     |             |    | 3,685                |          |                    |             |    |                | 3,700    |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Net loss                                                               |                                       |            |         |                                 |        |             |    |                      |          |                    | (64,736)         |    |                | (64,736)      |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Balance, June 30, 2009                                                 |                                       | 1,700,000  |         |                                 | 1,700  |             |    | 168,600              |          |                    | (143,252)        |    |                | 27,048   |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Issuance of common stock for cash and                                  |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |
|                                                                         |  consulting on July 1, 2009 at        |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |
|                                                                         |  $0.25 per share                      |            | 50,000  |                                 |        | 50          |    |                      | 12,450   |                    |             |    |                |          | 12,500  |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Net loss                                                               |                                       |            |         |                                 |        |             |    |                      |          |                    | (25,134)         |    |                | (25,134)      |
|                                                                         |                                       |            |         |                                 |        |             |    |                      |          |                    |             |    |                |          |         |   |
|  Balance, September 30, 2009                                            |                                       | 1,750,000  |         | $                               | 1,750  |             | $  | 181,050              |          | $                  | (168,386)        |    | $              | 14,414   |
|                                                                         |
| *See accompanying notes to the financial statements.*                        |

- 6 -

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|                                                       |                                                       |                                        |           |                      |              |         |         |                      |         |              |               |                     |           |               |              |        |
|-------------------------------------------------------|-------------------------------------------------------|----------------------------------------|-----------|----------------------|--------------|---------|---------|----------------------|---------|--------------|---------------|---------------------|-----------|---------------|--------------|--------|
| TREVENEX RESOURCES, INC                               |
|  (AN EXPLORATION STAGE COMPANY)                  |
|  CONSOLIDATED STATEMENTS OF CASH FLOWS           |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          | For the Period from |      |
|                                                  |                                                  |                                   |      | For the Three Months |         |    |    | For the Three Months |    |         |          | December 10, 2007   |      |
|                                                  |                                                  |                                   |      | Ended                |         |    |    | Ended                |    |         |          | (Inception) through |      |
|                                                  |                                                  |                                   |      | September 30, 2009   |         |    |    | September 30, 2008   |    |         |          | September 30, 2009  |      |
|                                                  |                                                  |                                   |      | (Unaudited)          |         |    |    | (Unaudited)          |    |         |          | (Unaudited)         |      |
|  CASH FLOWS FROM OPERATING ACTIVITIES:           |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |
|  Net loss                                        |                                                  |  $                                | (25,134)  |                 |         |    | $  | (28,869)             |    |         |          | $              | (168,386) |          |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  Adjustments to reconcile net loss to net cash   |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |
|                                                  |  used in operating activities                    |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |  Common shares issued for services               |                                   |      | 7,500           |         |    |    |                 | -  |         |          |                |      | 7,500    |         |
|                                                  |  Changes in operating assets and liabilities:    |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |                                                  |  Accounts payable                 |      |                 | 14,916  |    |    |                 |    | 3,465   |          |                |      |          | 26,228  |   |
|                                                  |                                                  |  Accrued expenses                 |      |                 | (2,500)      |    |    |                 |    | 11,313  |          |                |      |          | 2,900   |   |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  NET CASH USED IN OPERATING ACTIVITIES           |                                                  |                                   | (5,218)   |                 |         |    |    | (14,091)             |    |         |          |                | (131,758) |          |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  CASH FLOWS FROM INVESTING ACTIVITIES:           |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |
|                                                  |  Acquisition of mining claims                    |                                   |      | -               |         |    |    |                 | -  |         |          |                |      | (20,000)      |         |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  NET CASH USED IN INVESTING ACTIVITIES           |                                                  |                                   | -    |                 |         |    |    | -               |    |         |          |                | (20,000)  |          |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  CASH FLOWS FROM FINANCING ACTIVITIES:           |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |
|                                                  |  Amounts received from (paid to) related parties |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |
|                                                  |  Note payable                                    |                                   |      | 500             |         |    |    |                 | -  |         |          |                |      | 500      |         |
|                                                  |  Sale of common stock                            |                                   |      | 5,000           |         |    |    |                 | -  |         |          |                |      | 151,600  |         |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  NET CASH PROVIDED BY FINANCING ACTIVITIES       | 5,500                                            |                                   |      |                 |         | -  |    |                 |    |         | 152,100  |                |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  NET CHANGE IN CASH                              |                                                  |                                   | 282  |                 |         |    |    | (14,091)             |    |         |          |                | 342  |          |
|  Cash at beginning of period                     |                                                  |                                   | 60   |                 |         |    |    | 14,462          |    |         |          |                | -    |          |
|  Cash at end of period                           |                                                  |  $                                | 342  |                 |         |    | $  | 371             |    |         |          | $              | 342  |          |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  SUPPLEMENTAL DISCLOSURE OF                      |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |
|                                                  |  CASH FLOWS INFORMATION:                         |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |  Interest paid                                   |                                   |  $   | -               |         |    |    | $               | -  |         |          |                | $    | -        |         |
|                                                  |  Taxes paid                                      |                                   |  $   |                 |         |    |    | $               | -  |         |          |                | $    | -        |         |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
|  NON-CASH INVESTING AND FINANCING                |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |
|                                                  |  ACTIVITES:                                      |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |  Issuance of shares associated with              |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |                                                  |  the acquisition of mining claims |      |  $              | -       |    |    |                 | $  | -       |          |                |      | $        | 20,000  |   |
|                                                  |  Issuance of common stock for conversion of      |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |
|                                                  |                                                  |  Accounts payable                 |      |  $              | -       |    |    |                 | $  | -       |          |                |      | $        | 3,700   |   |
|                                                  |  Issuance of common stock for consulting    |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |
|                                                  |                                                  |  services                         |      |  $              | 7,500   |    |    |                 | $  | -       |          |                |      | $        | 7,500   |   |
|                                                  |                                                  |                                   |      |                 |         |    |    |                 |    |         |          |                |      |          |         |   |
| *See accompanying notes to the financial statements.* |

- 7 -

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Trevenex Resources, Inc.

(An Exploration Stage Company)

September 30, 2009 and 2008

Notes to the Consolidated Financial Statements

(Unaudited)

 

**NOTE 1 - ORGANIZATION AND OPERATIONS**

Trevenex Resources, Inc. (an exploration stage company) (“Trevenex” or the “Company”) was incorporated on December 10, 2007 under the laws of the State of Nevada for the purpose of  acquiring, exploring and developing mineral properties.  Although the Company acquired mineral property and related mineral rights - quartz load mining claims, a substantial portion of the Company’s activities has involved establishing the business and the Company has neither started exploring the mineral property, nor generated any revenue to date.

On September 1, 2009, the Company formed a wholly owned subsidiary, Trevenex Acquisitions, Inc. under the laws of the State of Nevada. Trevenex Acquisitions, Inc. is currently inactive.

**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*Basis of presentation*

The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented.  Unaudited interim results are not necessarily indicative of the results for the full year.  These unaudited interim financial statements should be read in conjunction with the financial statements of the Company for the fiscal year ended June 30, 2009 and notes thereto contained in the information filed as part of the Company’s Annual Report on Form 10-K filed on August 7, 2009.

The consolidated financial statements include all the accounts of the Company as of September 30, 2009 and 2008 and for the interim periods then ended.  Trevenex Acquisitions, Inc. is included as of September 30, 2009 and for the period from September 1, 2009 (inception) through September 30, 2009.  All inter-company balances and transactions have been eliminated.

*Exploration stage company*

The Company is an exploration stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced.  All losses accumulated since inception have been considered as part of the Company’s exploration stage activities.

*Use of estimates*

The 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 during the reporting period.  Actual results could differ from those estimates.

*Fiscal year end*

The Company elected June 30 as its fiscal year ending date.

 

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*Cash equivalents*

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

*Mineral property and related mineral rights - quartz load mining claims*

The Company follows topic 930 and subtopic 720-15 of the FASB Accounting Standards Codification for its mineral property and related mineral rights - quartz load mining claims.  Mineral property and related mineral rights acquisition costs are capitalized pending determination of whether the drilling has found proved reserves.  If a mineral ore body is discovered, capitalized costs will be amortized on a unit-of-production basis following the commencement of production.  Otherwise, capitalized acquisition costs are expensed when it is determined that the mineral property has no future economic value.  Exploration costs, including rights of access to lands for geophysical work and salaries, equipment, and supplies for geologists and geophysical crews are expensed as incurred.  When it is determined that a mining deposit can be economically and legally extracted or produced based on established proven and probable reserves, further exploration costs and development costs as well as interest costs relating to exploration and development projects that require greater than six (6) months to be readied for their intended use incurred after such determination will be capitalized.  The establishment of proven and probable reserves is based on results of final feasibility studies which indicate whether a property is economically feasible.  Upon commencement of commercial production, capitalized costs will be transferred to the appropriate asset categories and amortized on a unit-of-production basis.  Capitalized costs, net of salvage values, relating to a deposit which is abandoned or considered uneconomic for the foreseeable future will be written off.  Upon becoming fully amortized, the related cost and accumulated amortization are removed from the accounts.  The sale of a partial interest in a proved property is accounted for as a cost recovery and no gain or loss is recognized as long as this treatment does not significantly affect the unit-of-production amortization rate.  A gain or loss will be recognized for all other sales of proved properties and will be classified in other operating revenues.  Maintenance and repairs are charged to expense, and renewals and betterments are capitalized to the appropriate property and equipment accounts.

The provision for depreciation, depletion and amortization (“DD&A”) of mineral properties is calculated on a property-by-property basis using the unit-of-production method.  Taken into consideration in the calculation of DD&A are estimated future dismantlement, restoration and abandonment costs, which are net of estimated salvage values.

*Impairment of long-lived assets*

The Company has adopted paragraph 360-10-35-17 of the FASB Accounting Standards Codification for its long-lived assets.  The Company’s long-lived assets, which include mineral property and related mineral rights, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets.  Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable.  If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives.

The Company periodically reviews its proved mineral properties for impairment whenever events and circumstances indicate a decline in the recoverability of their carrying value may have occurred.  The Company estimates the expected undiscounted future cash flows of its mineral properties and compares such undiscounted future cash flows to the carrying amount of the mineral properties to determine if the carrying amount is recoverable.  If the carrying amount exceeds the estimated undiscounted future cash flows, the Company will adjust the carrying amount of the mineral properties to fair value.  The factors used to determine fair value include, but are not limited to, recent sales prices of comparable properties, estimates of proved reserves, future commodity pricing, future production estimates, anticipated capital expenditures, and a discount rate commensurate with the risk associated with realizing the expected cash flows projected.

Unevaluated properties are assessed periodically on a property-by-property basis and any impairment in value is charged to expense.  If the unevaluated properties are subsequently determined to be productive, the related 

 

- 9 -

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costs are transferred to proved mineral properties.  Proceeds from sales of partial interests in unproved leases are accounted for as a recovery of cost without recognizing any gain until all costs are recovered.

The Company determined that there were no impairments of long-lived assets as of September 30, 2009 or 2008.

*Fair value of financial instruments*

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.  To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.  The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

|         |        |                                                                                                                                                             |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

The carrying amounts of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their fair values because of the short maturity of these instruments.

The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at September 30, 2009 or 2008, nor gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date for the interim period ended September 30, 2009, 2008 or for the period from December 10, 2007 (inception) through September 30, 2009.

*Revenue recognition*

The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.  The Company recognizes revenue when it is realized or realizable and earned less estimated future doubtful accounts.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

The Company will derive its revenue from sales contracts with customers with revenues being generated upon the shipment of mineral ores upon the Company commencing exploration operations.  Persuasive evidence of an arrangement is demonstrated via invoice, product delivery is evidenced by warehouse shipping log as well as a signed bill of lading from the trucking company or third party carrier and title transfers upon shipment, based on free on board (“FOB”) warehouse; the sales price to the customer is fixed upon acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.

*Stock-based compensation for obtaining employee services and equity instruments issued to parties other than employees for acquiring goods or services*

The Company accounts for its stock based compensation in which the Company obtains employee services in share-based payment transactions under the recognition and measurement principles of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification and accounts for equity instruments issued to parties other than employees for acquiring goods or services under guidance of section 505-50-30 of the FASB Accounting Standards Codification. Pursuant to paragraph 718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the 

 

- 10 -

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equity instrument issued, whichever is more reliably measurable.  The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the third-party performance is complete or the date on which it is probable that performance will occur.

*Income taxes*

The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification.  Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.

The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”)..  Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.  Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.  The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.

*Net loss per common share*

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.  Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period.  There were no potentially dilutive shares outstanding as of September 30, 2009 or 2008.

*Recently issued accounting pronouncements  *

In June 2003, the Securities and Exchange Commission (“SEC”) adopted final rules under Section 404 of the Sarbanes-Oxley Act of 2002 (“Section 404”), as amended by SEC Release No. 33-9072 on October 19, 2009.  Commencing with its annual report for the year ending June 30, 2010, the Company will be required to include a report of management on its internal control over financial reporting. The internal control report must include a statement:

|        |                                                                                                                               |
|--------|-------------------------------------------------------------------------------------------------------------------------------|
|   | -of management’s responsibility for establishing and maintaining adequate internal control over its financial reporting; |

|        |                                                                                                                            |
|--------|----------------------------------------------------------------------------------------------------------------------------|
|   | -of management’s assessment of the effectiveness of its internal control over financial reporting as of year end; and |

|        |                                                                                                                                     |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|
|   | -of the framework used by management to evaluate the effectiveness of the Company’s internal control over financial reporting. |

Furthermore, it is required to file the auditor’s attestation report separately on the Company’s internal control over financial reporting on whether it believes that the Company has maintained, in all material respects, effective internal control over financial reporting.

In June 2009, the FASB approved the “FASB Accounting Standards Codification” (the “Codification”) as the single source of authoritative nongovernmental U.S. GAAP to be launched on July 1, 2009.  The Codification does not change current U.S. GAAP, but is intended to simplify user access to all authoritative U.S. GAAP by providing all the authoritative literature related to a particular topic in one place.  All existing accounting standard 

 

- 11 -

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documents will be superseded and all other accounting literature not included in the Codification will be considered non-authoritative. The Codification is effective for interim and annual periods ending after September 15, 2009.

In August 2009, the FASB issued the FASB Accounting Standards Update No. 2009-04*“Accounting for Redeemable Equity Instruments - Amendment to Section 480-10-S99”* which represents an update to section 480-10-S99, distinguishing liabilities from equity, per EITF Topic D-98,*Classification and Measurement of Redeemable Securities*.  The Company does not expect the adoption of this update to have a material impact on its consolidated financial position, results of operations or cash flows.

In August 2009, the FASB issued the FASB Accounting Standards Update No. 2009-05*“Fair Value Measurement and Disclosures Topic 820 – Measuring Liabilities at Fair Value”*, which provides amendments to subtopic 820-10, Fair Value Measurements and Disclosures – Overall, for the fair value measurement of liabilities.  This Update provides clarification that in circumstances in which a quoted price in an active market for the identical liability is not available, a reporting entity is required to measure fair value using one or more of the following techniques: 1. A valuation technique that uses: a. The quoted price of the identical liability when traded as an asset b. Quoted prices for similar liabilities or similar liabilities when traded as assets. 2. Another valuation technique that is consistent with the principles of topic 820; two examples would be an income approach, such as a present value technique, or a market approach, such as a technique that is based on the amount at the measurement date that the reporting entity would pay to transfer the identical liability or would receive to enter into the identical liability. The amendments in this Update also clarify that when estimating the fair value of a liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of the liability. The amendments in this Update also clarify that both a quoted price in an active market for the identical liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements.  The Company does not expect the adoption of this update to have a material impact on its consolidated financial position, results of operations or cash flows.

In September 2009, the FASB issued the FASB Accounting Standards Update No. 2009-08*“Earnings Per Share – Amendments to Section 260-10-S99”,*which represents technical corrections to topic 260-10-S99, Earnings per share, based on EITF Topic D-53,*Computation of Earnings Per Share for a Period that includes a Redemption or an Induced Conversion of a Portion of a Class of Preferred Stock* and EITF Topic D-42,*The Effect of the Calculation of Earnings per Share for the Redemption or Induced Conversion of Preferred Stock*. The Company does not expect the adoption of this update to have a material impact on its consolidated financial position, results of operations or cash flows.

In September 2009, the FASB issued the FASB Accounting Standards Update No. 2009-09*“Accounting for Investments-Equity Method and Joint Ventures and Accounting for Equity-Based Payments to Non-Employees”*.  This Update represents a correction to Section 323-10-S99-4,*Accounting by an Investor for Stock-Based Compensation Granted to Employees of an Equity Method Investee*. Additionally, it adds observer comment*Accounting Recognition for Certain Transactions Involving Equity Instruments Granted to Other Than Employees* to the Codification. The Company does not expect the adoption to have a material impact on its consolidated financial position, results of operations or cash flows.

In September 2009, the FASB issued the FASB Accounting Standards Update No. 2009-12*“Fair Value Measurements and Disclosures Topic 820 – Investment in Certain Entities That Calculate Net Assets Value Per Share (or Its Equivalent)”*, which provides amendments to Subtopic 820-10, Fair Value Measurements and Disclosures-Overall, for the fair value measurement of investments in certain entities that calculate net asset value per share (or its equivalent). The amendments in this Update permit, as a practical expedient, a reporting entity to measure the fair value of an investment that is within the scope of the amendments in this Update on the basis of the net asset value per share of the investment (or its equivalent) if the net asset value of the investment (or its equivalent) is calculated in a manner consistent with the measurement principles of Topic 946 as of the reporting entity’s measurement date, including measurement of all or substantially all of the underlying investments of the investee in accordance with Topic 820. The amendments in this Update also require disclosures by major category of investment about the attributes of investments within the scope of the amendments in this Update, such as the nature of any restrictions on the investor’s ability to redeem its investments a the measurement date, any unfunded commitments (for example, a contractual commitment by the investor to invest a specified amount of additional capital at a future date to fund investments that will be make by the investee), and the investment strategies of the investees. The major category of investment is required to be determined on the basis of the nature and risks of the investment in a manner consistent with the guidance for major security types in U.S. GAAP on investments in debt and equity securities in paragraph 320-10-50-1B. The disclosures are required for all investments within the scope of the amendments in this Update regardless of whether the fair value of the investment is measured using the practical 

 

- 12 -

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expedient. The Company does not expect the adoption to have a material impact on its consolidated financial position, results of operations or cash flows.

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

**NOTE 3 – GOING CONCERN**

As reflected in the accompanying financial statements, the Company had a deficit accumulated during the exploration stage of $168,386 at September 30, 2009 and had a net loss and cash used in operations of $25,134 and $5,218 for the interim period ended September 30, 2009, respectively, with no revenues since inception.

While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations.  Management intends to raise additional funds by way of a public or private offering.  Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern.  While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. 

**NOTE 4 – MINING CLAIMS**

On November 1, 2007, the Company’s current president, CEO and significant stockholder, Scott Wetzel, acquired a ninety (90) day option to purchase certain mining claims from IBEX Minerals, Inc.  Scott Wetzel assigned his rights to this option to the Company upon its formation on December 10, 2007.  On December 26, 2007, the Company exercised the option and purchased the three (3) patented mining claims from IBEX Minerals, Inc. for (i) $20,000 and (ii) 200,000 shares of restricted common stock valued at $20,000, the estimated fair value at the date of acquisition and all the rights, title and interest in the three (3) patented mining claims were deeded to the Company free of encumbrances and recorded in the County of Baker, State of Oregon.  In January 2008, the Company retained Minex Exploration, Inc. an independent exploration contract company, and expended $34,354 to locate unpatented mining claims contiguous and surrounding the three (3) patented mining claims.  Minex Exploration, Inc. located 66 unpatented mining claims contiguous and surrounding the three (3) patented mining claims.  Subsequently, these unpatented claims were recorded in the County of Baker, State of Oregon and with the office of the United States Bureau of Land Management in Portland Oregon.  The three (3) patented mining claims and 66 unpatented mining claims are referred to as the Bayhorse mining property.

The Bayhorse mining property is located approximately 6.5 miles northeast of the community of Huntington Oregon, in sections 8,9,16,17,19,20 and 21, T. 13 S., R. 45 E., Willamette Meridian in the County of Baker, State of Oregon. The registered mining claims are summarized below:

|                                            |        |                                                                                          |
|--------------------------------------------|--------|------------------------------------------------------------------------------------------|
| **Patented mining claims**                 |   | **Mineral Certificate No., designated by the Surveyor General as Lot No.**               |
|                                       |   |                                                                                     |
| BAY HORSE QUARTZ LODE MINING CLAIM         |   | Mineral Certificate No. 67, designated by the Surveyor General as Lot No.  37       |
| O.K. CONSOLIDATED QUARTZ LODE MINING CLAIM |   | Mineral Certificate No. 3, designated by the Surveyor General as Lot No. 301             |
| RAPID QUARTZ LODE MINING CLAIM CLAIM       |   | Mineral Certificate No.   2, designated by the Surveyor General as Lot No. 300 |
|                                       |   |                                                                                     |
| **Unpatented mining claims**               |   | **OMC #**                                                                                |
|                                       |   |                                                                                     |
| BH1 through BH66                           |   | 163188 through 163253                                                                    |

*Depletion expense*

The Company did not record depletion of mineral properties as it has not started to explore its mining claims.  Depletion expense for the next five (5) fiscal years is undeterminable as the Company is still an exploration stage company and its planned principal operations have not commenced.

- 13 -

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**NOTE 5 – NOTE PAYABLE**

Note payable at September 30, 2009 and June 30, 2009 consisted of the following:

|                                                                                                                             |        |                    |        |        |               |        |        |        |
|-----------------------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|---------------|--------|--------|--------|
|                                                                                                                        |   | September 30, 2009 |   |   | June 30, 2009 |   |
| Note payable to a non-financial entity, with interest at 6.00% per annum, with principal and interest due February 14, 2010 |   | $                  | 500    |   |          | $      | -      |   |
|                                                                                                                        |   |               |   |   |          |   |   |   |
|                                                                                                                        |   |               |   |   |          |   |
|                                                                                                                        |   | $                  | 500    |   |          | $      | -      |   |
|                                                                                                                        |   |               |   |   |          |   |

**NOTE 6 – STOCKHOLDERS’ EQUITY**

*Common stock*

The Company was incorporated on December 10, 2007 at which time 300,000 shares of common stock were issued to the Company’s three (3) founders at par value of $.001.

In December 2007, the Company sold 1,000,000 shares of its common stock at $0.10 per share for $100,000.

On December 26, 2007, the Company issued IBEX Minerals, Inc. 200,000 shares of restricted common stock valued at $20,000, estimated fair value at the date of acquisition, in connection with the acquisition of the three (3) patented mining claims.

On June 11, 2009, the Company sold 185,200 shares of common stock for cash at $0.25 per share for a total of $ 46,300.

On June 12, 2009, the Company issued an aggregate of 14,800 shares of common stock valued at $0.25 per share in lieu of payment of $3,700 indebted to its President and CEO and an unrelated third party vendor.

On July 1, 2009, the Company sold 50,000 shares of common stock at $0.25 per share for (i) $5,000 in cash and (ii) $7,500 of management consulting services, or $12,500 consideration in aggregate.

*Stock option plan*

The Company’s board of directors approved the adoption of the “2007 Non-Qualified Stock Option and Stock Appreciation Rights Plan” (“2007 Plan”) by unanimous consent on December 10, 2007.  The 2007 Plan was initiated to encourage and enable officers, directors, consultants, advisors and other key employees of the Company to acquire and retain a proprietary interest in the Company by ownership of its common stock.  A total of 1,000,000 of the authorized shares of the Company’s common stock may be subject to, or issued pursuant to, the terms of the plan.  No options have been issued or outstanding under the 2007 Plan as of September 30, 2009 or 2008.

**NOTE 7 – RELATED PARTY TRANSACTIONS**

*Office space and secretarial services*

The Company has been provided office space and secretarial services by its Chief Executive Officer at $200 per month.  The Company paid $600 for the interim periods ended September 30, 2009 and 2008.

**NOTE 8 – OPTION AGREEMENT**

On September 25, 2009, Sunway Technology Development Ltd. (“STD”) entered into a Share Exchange Option Agreement with the Company, whereby STD has the option to undertake a Share Exchange and Reorganization Agreement with the Company to exchange 90,690 shares of the issued and outstanding shares of common stock of DigitalApps Technologies Sdn, Bhd (“DAT”), a Malaysian Company held by STD, in exchange for the Company issuing 10,833,333 shares of restricted common stock to STD.  The 10,833,333 shares subject to the option represent 86.09% of the issued and outstanding shares of common stock of the Company upon issuance and the 90,690 shares of DAT represent 90.69% of the DAT issued and outstanding shares of common stock.  The 

 

- 14 -

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90,690 shares of the DAT stock will be registered in the name of Trevenex Acquisitions, Inc., a wholly owned Nevada subsidiary of the Company.  The exercise of the option will occur pursuant to a Share Exchange and Reorganization Agreement to be entered into by the Company, Trevenex Acquisitions, Inc., STD and DAT prior to October 31, 2009.

**NOTE 9 – SUBSEQUENT EVENTS**

The Company has evaluated all events that occur after the balance sheet date through October 26, 2009, the date when the financial statements were issued to determine if they must be reported.  The Management of the Company determined that there were no reportable subsequent events to be disclosed.

 

- 15 -

**ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

**Forward Looking Statements**

From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the SEC. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project or projected", or similar expressions are intended to identify "forward-looking statements". Such statements are qualified in their entirety by reference to and are accompanied by the above discussion of certain important factors that could cause actual results to differ materially from such forward-looking statements.

Management is currently unaware of any trends or conditions other than those previously mentioned in this management's discussion and analysis that could have a material adverse effect on our financial position, future results of operations, or liquidity. However, investors should also be aware of factors that could have a negative impact on our prospects and the consistency of progress in the areas of revenue generation, liquidity, and generation of capital resources. These include: (i) variations in revenue, (ii) possible inability to attract investors for its equity securities or otherwise raise adequate funds from any source should the company seek to do so, (iii) increased governmental regulation, (iv) increased competition, (v) unfavorable outcomes to litigation involving the company or to which the company may become a party in the future and, (vi) a very competitive and rapidly changing operating environment.

The above identified risks are not all inclusive. New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company's business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.

The financial information set forth in the following discussion should be read with the financial statements of Trevenex Resources, Inc. included elsewhere herein.

**Exploration Stage Company**

 

We are an exploration stage company that is primarily engaged in the exploration of the Bayhorse Silver Mine, located in Baker County, Oregon. Trevenex was organized under the laws of the State of Nevada on December 10, 2007 to engage in exploration of mineral properties in North America and specifically the Bayhorse Silver Mine.  The Bayhorse Silver Mine has historically produced silver, copper, lead, zinc, and antimony in a diverse zone of mineralization, which in management’s opinion warrants continued investigation and exploration.  The Bayhorse Property comprises 3 patented mineral claims and 66 unpatented claims, BH 1-66, which surround the patented mining claims and collectively there are a total of approximately 1,365 acres which make up the property.

Our success depends upon finding minerals on the Bayhorse Property. This includes a determination by our consultant if the property contains reserves. We have not selected a consultant as of the date of this report and will not do so until we have raised additional funds through debt or equity financing.

The Bayhorse property is undeveloped raw land.  We intend to implement an exploration program which consists of core sampling.  Core sampling is the process of drilling holes to a depth of up to 300 feet in order to extract samples of earth.  Our geological consultants will determine where drilling will occur on the property.  The samples will be tested to determine if mineralized material is located on the property.  Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal before minerals retrieval can begin.  Based upon the tests of the core samples, we will determine if we will terminate operations, proceed with additional exploration of the property, or develop the property.  We intend to take our core samples to analytical chemists, geochemists and registered assayers.  If mineralized material is found on the property, we have to determine if it is economically feasible to remove the mineralized material. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material.  We cannot predict what that will be until we find minerals.  Exploration and surveying has not been initiated and will not be initiated until we raise additional funds, as we currently do not have the funds to start exploration.  Once we have 

 

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raised additional funds, we intend to start exploration operations.  If we don’t find minerals or we cannot remove minerals, either because we do not have the funds to do it or because it is not economically feasible to do it, we will cease operations.

Our management is searching for a strategic partner to fund the first phase of exploration or as an alternative, evaluating the feasibility of engaging in a capital formation program to raise equity or debt capital to undertake the first phase of exploration.  To fund our planned exploration program we will need to raise a minimum of $420,000.

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.

**Financial Condition and Changes in Financial Condition**

We had no revenues in the quarter ended September 30, 2009.  

Net cash used for operating activities for the three months ended September 30, 2009, totaled $25,134.  We incurred various costs associated with the operational and corporate activities during that three month period.  Legal and professional fees of $24,275 were incurred for services performed with respect to the filing of our 10-K annual report, and other reporting costs.  We incurred no expenses related to geological studies, fieldwork, site visits, preparation, or mining permit applications and consulting fees.  

**Liquidity and Capital Resources**

Since inception, our main cash source has been the sale of our equity securities. Upon inception, we issued 100,000 shares of common stock to two (2) directors for $100 each and 100,000 shares to our founder for $100.  We also issued 200,000 shares in connection with the purchase of three (3) patented mining claims located in Baker County, Oregon.  In December 2007, we completed an offering of 1,000,000 shares of our common stock to 43 individuals for a consideration of $100,000.  The offering was made pursuant to the exemption from registration contained in Rule 504 of Regulation D under the Securities Act.  On June 11, 2009, we entered into definitive agreements relating to the private placement of 185,200 shares of our common stock at $0.25 per share, or $46,300 in aggregate, and in June of 2009 our debt holders converted $3,700 of accounts payable into an aggregate of 14,800 shares of common stock at $0.25 per share.  On July 1, 2009, we issued 50,000 unregistered shares of common stock, par value $0.001, in exchange for consulting services and $5,000 cash.  Trevenex sold these restricted shares to further capitalize the company in order to pay operating expenses and to execute its business plan. We have exhausted proceeds from these sales due to substantial payment of accounts payable.  Marycliff Investment Corp. loaned Trevenex $500 on August 14, 2009, at 6% interest per annum that matures on February 14, 2010.

We used most of the proceeds from our private placements since inception to acquire three patented mining claims and pay expenses related to becoming a public company.  See a description of our proposed exploration program in the business section of this report.  Due to our lack of working capital, we have not been able to initiate any exploration on our property.  Currently, we have no financing plans.

As of September 30, 2009, our assets totaled $40,342, which consisted primarily of three patented mineral claims which are owned by our company and 66 unpatented mining claims.  We had cash assets as of September 30, 2009, of $342 as compared to $60 as of June 30, 2009.  Our total current liabilities were $25,928 which consisted of accounts payable, accrued expenses, and a $500 note payable.   We had negative working capital at September 30, 2009. 

We have not realized any revenue from our business operations, have achieved losses since inception, and have relied upon the sale of our securities and loans from our officers and directors to fund operations.  We do not have sufficient capital to enable us to commence and complete our proposed exploration program.  We will require financing in order to conduct the exploration program described in this report.  Our auditors have issued a going concern opinion, raising substantial doubt about our financial prospects and our ability to continue as a going concern.

 

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We do not have sufficient capital to carry on operations past November 2009.  We are pursuing potential equity financing, sub-licensing, and other collaborative arrangements that may generate additional capital for us.  We cannot assure you that we will generate sufficient additional capital or revenues, if any, to fund our operations beyond November 2009, that any future equity financings will be successful, or that other potential financings through bank borrowings, debt or equity offerings, or otherwise, will be available on acceptable terms or at all.  Our long term capital requirements will depend on many factors, including reporting company costs and public relations fees, among others.

We do not currently have any arrangements for financing and we can provide no assurance to investors we will be able to find such financing when such funding is required.  Furthermore, there is no assurance that we will not incur debt in the future, that we will have sufficient funds to repay our future indebtedness, or that we will not default on our future debts, thereby jeopardizing our business viability.  Finally, we may not be able to borrow or raise additional capital in the future to meet our needs or to otherwise provide the capital necessary to maintain our operations.

We cannot assure you that we will generate sufficient additional capital or revenues, if any, to fund our operations beyond November 2009, that any future equity financings will be successful, or that other potential financings through bank borrowings, debt or equity offerings, or otherwise, will be available on acceptable terms or at all.  If we are unable to raise additional capital when necessary we will have to curtail or cease operations.

**Share Exchange Option Agreement**

On September 25, 2009, we entered into a Share Exchange Option Agreement, with Sunway Technology Development Ltd. (“STD”) whereby STD has the option to undertake a Share Exchange and Reorganization Agreement with us, to exchange 90,690 shares of the issued and outstanding shares of common stock of DigitalApps Technologies Sdn, Bhd (“DAT”), a Malaysian Company held by STD, in exchange for our issuing 10,833,333 shares of restricted common stock to STD.  The 10,833,333 shares subject to the option will represent 86.09% of the issued and outstanding shares of our common stock when issued and the 90,690 shares of DAT represent 90.69% of the DAT issued and outstanding shares of common stock.  The 90,690 shares of the DAT stock will be registered in the name of Trevenex Acquisitions, Inc., our wholly owned Nevada subsidiary.  The exercise of the option will occur pursuant to a Share Exchange and Reorganization Agreement to be entered into by Trevenex Acquisitions, Inc., STD , DAT and us prior to October 31, 2009.

**New Accounting Pronouncements**

Trevenex Resources, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on it, or any of its subsidiaries’ operating results, financial position, or cash flow.

**ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 4.  CONTROLS AND PROCEDURES**

Evaluation of Disclosure Controls and Procedures

In connection with the preparation of this Quarterly Report on Form 10-Q, an evaluation was carried out by our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of September 30, 2009.  Based on that evaluation, our principal executive officer and our principal financial officer have concluded that our disclosure controls and procedures were effective as of September 30, 2009.

Changes in Internal Control Over Financial Reporting

As of the end of the quarter ended September 30, 2009, there have been no changes in internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the quarter ended September 30, 2009, that materially affected, or are reasonably likely to materially affect, our company’s internal control over financial reporting.

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**PART II - OTHER INFORMATION**

**ITEM 1.  LEGAL PROCEEDINGS**

None.

**ITEM 1A.  RISK FACTORS**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**

On July 1, 2009, we issued 50,000 unregistered shares of common stock, par value $0.001 at $0.25 per share, to Triax Capital Management, Inc. in exchange for consulting services of $7,500 and $5,000 in cash.  We sold these restricted shares to further capitalize the company in order to pay operating expenses and to execute its business plan.

**ITEM 3.  DEFAULTS UPON SENIOR SECURITIES**

None

**ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

None

**ITEM 5.  OTHER INFORMATION**

None

**ITEM 6.  EXHIBITS**

|                    |                                           |                                                                                                                                                                 |
|--------------------|-------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Exhibit Number** | **SEC Report**

**Reference Number** | **Description of Exhibit**                                                                                                                                      |
|               |                                      |                                                                                                                                                            |
| 3.1                | 3.1                                       | Articles of Incorporation of Registrant(1)                                                                                                                      |
|               |                                      |                                                                                                                                                            |
| 3.2                | 3.2                                       | Bylaws of Registrant(1)                                                                                                                                         |
|               |                                      |                                                                                                                                                            |
| 4.1                | 10.1                                      | Form of Securities Purchase Agreement (incorporated herein by reference to Form 8-K, file no.****000-53493**,** filed on May 15, 2009)                          |
|               |                                      |                                                                                                                                                            |
| 4.2                | 10.2                                      | Form of Debt Conversion to Shares of Restricted Common Stock (incorporated herein by reference to Form 8-K, file no.****000-53493**,** filed on May 15, 2009)   |
|               |                                      |                                                                                                                                                            |
| 4.3                | 10.1                                      | Form of Securities Purchase Agreement (incorporated herein by reference to Form 8-K, file no.****000-53493**,** filed on July 1, 2009)                          |
|               |                                      |                                                                                                                                                            |
| 10.1               |                                      | Promissory Note to Marycliff Investment, Inc. dated August 14, 2009                                                                                             |
|               |                                      |                                                                                                                                                            |
| 31.1               |                                      | Certification of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended. |
|               |                                      |                                                                                                                                                            |
| 31.2               |                                      | Certification of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d 14(a), promulgated under the Securities and Exchange Act of 1934, as amended. |
|               |                                      |                                                                                                                                                            |
| 32.1               |                                      | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer).               |
|               |                                      |                                                                                                                                                            |
| 32.2               |                                      | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).               |

|     |                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Filed with the Securities and Exchange Commission on July 16, 2008 as an exhibit, numbered as indicated above, to the Registrant’s registration statement on Form S-1 (file no. 333-152358), which exhibit is incorporated herein by reference. |

 

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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.

|                  |                                                                                                          |                       |
|------------------|----------------------------------------------------------------------------------------------------------|-----------------------|
|             | Trevenex Resources, Inc.                                                                                 |
|             |                                                                                                     |
| October 26, 2009 | By:                                                                                            | /s/ Scott Wetzel |
|             | Scott Wetzel

President and Chief Executive Officer

(Principal Executive Officer)                       |
|             |                                                                                                     |
| October 26, 2009 | By:                                                                                            | /s/ Raymond Kuh  |
|             | Raymond Kuh

Chief Financial Officer, Secretary, Treasurer

(Principal Financial and Accounting Officer) |

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