**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

*(Mark      One)*

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

**September**
**30,      2008**

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

**333-149850**

**EASTERN      RESOURCES, INC.**

| **Delaware**                                                  |   | **45-0582098**                                      |
|---------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation) |   | (I.R.S.                Employer Identification No.) |

**4      Park Avenue, Suite 16K, New York, NY 10016**

**(917)      687-6623**

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

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|                    |                                                                                                                      | **PAGE** |
|-------------------------|---------------------------------------------------------------------------------------------------------------------------|----------|
|                    |                                                                                                                      |     |
|                    | **PART                I - FINANCIAL INFORMATION**                                                                         |     |
|                    |                                                                                                                      |     |
| Item                1.  | Financial                Statements (Unaudited)                                                                           | 3        |
|                    |                                                                                                                      |     |
| Item                2.  | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations | 11       |
|                    |                                                                                                                      |     |
| Item                3.  | Quantitative                and Qualitative Disclosures About Market Risk                                                 | 13       |
|                    |                                                                                                                      |     |
| Item                4T. | Controls                and Procedures                                                                                    | 13       |
|                    |                                                                                                                      |     |
|                    | **PART                II - OTHER INFORMATION**                                                                            |     |
|                    |                                                                                                                      |     |
| Item                1.  | Legal                Proceedings                                                                                          | 14       |
|                    |                                                                                                                      |     |
| Item                1A. | Risk                Factors                                                                                               | 14       |
|                    |                                                                                                                      |     |
| Item                2.  | Unregistered                Sales of Equity Securities and Use of Proceeds                                                | 14       |
|                    |                                                                                                                      |     |
| Item                3.  | Defaults                Upon Senior Securities                                                                            | 14       |
|                    |                                                                                                                      |     |
| Item                4.  | Submission                of Matter to a Vote of Security Holders                                                         | 14       |
|                    |                                                                                                                      |     |
| Item                5.  | Other                Information                                                                                          | 14       |
|                    |                                                                                                                      |     |
| Item                6.  | Exhibits                                                                                                                  | 15       |
|                    |                                                                                                                      |     |
|                    | **SIGNATURES**                                                                                                            | 16       |

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**PART      I – FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS **

|                                                                                                                                          | **PAGE** |
|-----------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                          |     |
| Consolidated                Balance Sheets as of September 30, 2008 (Unaudited) and December                31, 2007                (Audited) | 4        |
|                                                                                                                                          |     |
| Consolidated                Statements of Operations for the three and nine month                periods                                      |     |
| ended                September 30, 2008, the three month period ended September 30,                2007,                                      |     |
| the                period from March 15, 2007 (Inception) to September 30, 2007,                and                                           |     |
| the                period from March 15, 2007 (Inception) to September 30,                2008                                                | 5        |
|                                                                                                                                               |     |
| Consolidated                Statements of Stockholders' Equity                                                                                | 6        |
|                                                                                                                                          |     |
| Consolidated                Statements of Cash Flows for the nine month period ended                                                          |     |
| September                30, 2008, the period from March 15, 2007 (Inception) to                                                              |     |
| September                30, 2007, and for the period from March 15, 2007                (Inception)                                          |     |
| to                September 30, 2008                                                                                                          | 7        |
|                                                                                                                                          |     |
| Notes                to Consolidated Financial Statements                                                                                     | 8-10     |

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**EASTERN        RESOURCES INC. AND SUBSIDIARY**

|                                                                                                                                                                                                                                                    |   | September 30, 2008 |      | December 31, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|-----------------------------|--------|
|                                                                                                                                                                                                                                                    |   | (Unaudited)                  |      |                        |   |
| **ASSETS**                                                                                                                                                                                                                                              |   |                         |      |                        |   |   |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| CURRENT                  ASSETS-Cash                                                                                                                                                                                                                    |   | $                            | 33,575    |                        | $      | 75,768 |   |
| OTHER                  ASSETS-Film Costs                                                                                                                                                                                                                |   |                         | 1,271,611 |                        |   | 1,216,908 |   |
|                                                                                                                                                                                                                                                    |   |                         |           |                        |   |  |   |
| **TOTAL                  ASSETS**                                                                                                                                                                                                                       |   | $                            | 1,305,186 |                        | $      | 1,292,676 |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**                                                                                                                                                                                               |   |                         |      |                        |   |   |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| **CURRENT                  LIABILITIES:**                                                                                                                                                                                                               |   |                         |      |                        |   |   |   |
| Accounts                  payable and accrued expenses                                                                                                                                                                                                  |   | $                            | 15,054    |                        | $      | 9,100 |   |
| Loan                  payable-stockholder                                                                                                                                                                                                               |   |                         | 40,000    |                        |   | 40,000 |   |
| Compensation                  payable                                                                                                                                                                                                                   |   |                         | 355,462   |                        |   | 355,462 |   |
| **TOTAL                  CURRENT LIABILITIES**                                                                                                                                                                                                          |   |                         | 410,516   |                        |   | 404,562 |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| **NOTES                  PAYABLE**                                                                                                                                                                                                                      |   |                         | 203,491   |                        |   | 189,085 |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| **STOCKHOLDERS'                  EQUITY:**                                                                                                                                                                                                              |   |                         |      |                        |   |   |   |
| Preferred                  Stock, $.001 par value, 10,000,000 shares authorized; none                  issued                                                                                                                                           |   |                         |      |                        |   |   |   |
| Common                  Stock, $.001 par value, 300,000,000 shares authorized; 20,629,000                  and                  20,029,000 issued and outstanding at Sep 30, 2008 and December                  31, 2007,                  respectively |   |                         | 20,629    |                        |   | 20,029 |   |
| Additional                  paid in capital                                                                                                                                                                                                             |   |                         | 903,771   |                        |   | 844,371 |   |
| Deficit                  accumulated in the development stage                                                                                                                                                                                           |   |                         | (221,721  | )                           |   | (153,871 | ) |
| Subscriptions                  receivable                                                                                                                                                                                                               |   |                         | (11,500   | )                           |   | (11,500 | ) |
| **TOTAL                  STOCKHOLDERS' EQUITY**                                                                                                                                                                                                         |   |                         | 691,179   |                        |   | 699,029 |   |
|                                                                                                                                                                                                                                                    |   |                         |      |                        |   |   |   |
| **TOTAL                  LIABILITIES AND**                                                                                                                                                                                                              |   |                         |      |                        |   |   |   |
| **STOCKHOLDERS'                  EQUITY**                                                                                                                                                                                                               |   | $                            | 1,305,186 |                        | $      | 1,292,676 |   |

**See        notes to unaudited consolidated financial statements**

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**EASTERN        RESOURCES INC. AND SUBSIDIARY**

|                                                                  |   |                         |       |                         |   |                         |   | March 15, 2007     |       | March 15, 2007     |   |
|-----------------------------------------------------------------------|--------|------------------------------|------------|------------------------------|--------|------------------------------|--------|------------------------------|------------|------------------------------|--------|
|                                                                  |   | Three Months            |       | Three Months            |   | Nine Months             |   | (Inception)                  |       | (Inception)                  |   |
|                                                                  |   | Ending                       |       | Ending                       |   | Ending                       |   | to                           |       | to                           |   |
|                                                                  |   | September 30, 2008 |       | September 30, 2007 |   | September 30, 2008 |   | September 30, 2007 |       | September 30, 2008 |   |
|                                                                  |   | (Unaudited)                  |       | (Unaudited)                  |   | (Unaudited)                  |   | (Unaudited)                  |       | (Unaudited)                  |   |
| **REVENUES**                                                          |   | $                            | -          |                         | $      | -                            |   | $                            | -          |                         | $      | - |   | $ | - |   |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| **COSTS                  AND EXPENSES:**                              |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| General                  and administrative                           |   |                         | 27,012     |                         |   | 17,655                       |   |                         | 70,105     |                         |   | 31,576 |   |   | 225,669 |   |
| **TOTAL                  COSTS AND EXPENSES**                         |   |                         | 27,012     |                         |   | 17,655                       |   |                         | 70,105     |                         |   | 31,576 |   |   | 225,669 |   |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| **LOSS                  BEFORE OTHER INCOME**                         |   |                         | (27,012    | )                            |   | (17,655                      | )      |                         | (70,105    | )                            |   | (31,576 | ) |   | (225,669 | ) |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| Interest                  Income                                      |   |                         | 13         |                         |   | 1,272                        |   |                         | 2,255      |                         |   | 1,337 |   |   | 3,948 |   |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| **NET                  LOSS**                                         |   | $                            | (26,999    | )                            | $      | (16,383                      | )      | $                            | (67,850    | )                            | $      | (30,239 | ) | $ | (221,721 | ) |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| Basic                  earnings per share                             |   | $                            | (0.00      | )                            | $      | (0.00                        | )      | $                            | (0.00      | )                            | $      | (0.01 | ) | $ | (0.01 | ) |
|                                                                  |   |                         |       |                         |   |                         |   |                         |       |                         |   |   |   |   |   |   |
| Weighted                  average number of common shares outstanding |   |                         | 20,629,000 |                         |   | 8,310,640                    |   |                         | 20,827,088 |                         |   | 5,125,654 |   |   | 16,600,654 |   |

**See        notes to unaudited consolidated financial statements**

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**EASTERN          RESOURCES INC. and SUBSIDIARY**

|                                                         |   |                              |       |                              |   |       |   | Deficit     |    |         |   |          |   |
|--------------------------------------------------------------|--------|-----------------------------------|------------|-----------------------------------|--------|------------|--------|-------------|---------|--------------|--------|---------------|--------|
|                                                         |   |                              |       |                              |   |       |   | Accumulated |    |         |   |          |   |
|                                                         |   |                              |       |                              |   | Additional |   | During      |    | Stock        |   | Total         |   |
|                                                         |   | Common                      stock |       | Common                      stock |   | Paid-in    |   | Development |    | Subscription |   | Stockholders' |   |
|                                                         |   | Shares                            |       | Amount                            |   | Capital    |   | Stage       |    | Receivable   |   | Equity        |   |
| Balance,                      March 15, 2007 (Inception)     |   |                              | -          |                              | $      | -          |   | $           | -       |         | $      | -             |   | $ | - |   | $ | - |   |
|                                                         |   |                              |       |                              |   |       |   |        |    |         |   |          |   |   |   |   |   |   |   |
| Stock                      issued to founders at par         |   |                              | 11,500,000 |                              |   | 11,500     |   |        | -       |         |   | -             |   |   | (11,500 | ) |   | - |   |
| Stock                      issued for cash at $.10 per share |   |                              | 8,529,000  |                              |   | 8,529      |   |        | 844,371 |         |   | -             |   |   | - |   |   | 852,900 |   |
| Net                      loss                                |   |                              | -          |                              |   | -          |   |        | -       |         |   | (153,871      | )      |   | - |   |   | (153,871 | ) |
|                                                         |   |                              |       |                              |   |       |   |        |    |         |   |          |   |   |   |   |   |   |   |
| Balance,                      Dec. 31, 2007 (Audited)        |   |                              | 20,029,000 |                              |   | 20,029     |   |        | 844,371 |         |   | (153,871      | )      |   | (11,500 | ) |   | 699,029 |   |
|                                                         |   |                              |       |                              |   |       |   |        |    |         |   |          |   |   |   |   |   |   |   |
| Stock                      issued for cash at $.10 per share |   |                              | 600,000    |                              |   | 600        |   |        | 59,400  |         |   | -             |   |   | - |   |   | 60,000 |   |
| Net                      loss                                |   |                              | -          |                              |   | -          |   |        | -       |         |   | (67,850       | )      |   | - |   |   | (67,850 | ) |
|                                                         |   |                              |       |                              |   |       |   |        |    |         |   |          |   |   |   |   |   |   |   |
| Balance,                      Sep 30, 2008 (Unaudited)       |   |                              | 20,629,000 |                              | $      | 20,629     |   | $           | 903,771 |         | $      | (221,721      | )      | $ | (11,500 | ) | $ | 691,179 |   |

**See          notes to unaudited consolidated financial statements**
**.**

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**EASTERN        RESOURCES INC. AND SUBSIDIARY**

|                                                               |   |                         |     | Inception                    |   | Inception                    |   |
|--------------------------------------------------------------------|--------|------------------------------|----------|------------------------------|--------|------------------------------|--------|
|                                                               |   | Nine Months             |     | (March 15, 2007)   |   | (March 15, 2007)   |   |
|                                                               |   | Ending                       |     | to                           |   | to                           |   |
|                                                               |   | September 30, 2008 |     | September 30, 2007 |   | September 30, 2008 |   |
|                                                               |   | (Unaudited)                  |     | (Unaudited)                  |   | (Unaudited)                  |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES:             |   |                         |     |                         |   |                         |   |   |   |   |
| Net                  loss                                          |   | $                            | (67,850  | )                            | $      | (30,239                      | )      | $ | (221,721 | ) |
| Adjustments                  to reconcile net loss to              |   |                         |     |                         |   |                         |   |   |   |   |
| net                  cash used in operating activities:            |   |                         | -        |                         |   |                         |   |   | (242 | ) |
| Increase                  in film costs                            |   |                         | (54,703  | )                            |   | (1,081,559                   | )      |   | (1,271,612 | ) |
| Increase                  in capitalized interest                  |   |                         | 4,609    |                         |   |                         |   |   | 33,936 |   |
| Increase                  in accounts payable and accrued expenses |   |                         | 6,073    |                         |   | 154,253                      |   |   | 15,174 |   |
| Increase                  in compensation payable                  |   |                         | -        |                         |   |                         |   |   | 355,462 |   |
| NET                  CASH USED IN OPERATING ACTIVITIES             |   |                         | (111,871 | )                            |   | (957,545                     | )      |   | (1,089,003 | ) |
|                                                               |   |                         |     |                         |   |                         |   |   |   |   |
| CASH                  FLOW FROM FINANCING ACTIVITIES:              |   |                         |     |                         |   |                         |   |   |   |   |
| Proceeds                  from loans payable                       |   |                         | -        |                         |   | 60,000                       |   |   | 160,000 |   |
| Proceeds                  from loan payable-shareholder            |   |                         | -        |                         |   | 100,000                      |   |   | 100,000 |   |
| Repayment                  of shareholder loan                     |   |                         | -        |                         |   | -                            |   |   | (60,000 | ) |
| Increase                  in note payable accrued interest         |   |                         | 9,678    |                         |   | -                            |   |   | 9,678 |   |
| Proceeds                  from issuance of common stock            |   |                         | 60,000   |                         |   | 828,900                      |   |   | 912,900 |   |
| NET                  CASH PROVIDED BY FINANCING ACTIVITIES         |   |                         | 69,678   |                         |   | 988,900                      |   |   | 1,122,578 |   |
|                                                               |   |                         |     |                         |   |                         |   |   |   |   |
| INCREASE                  (DECREASE) IN CASH                       |   |                         | (42,193  | )                            |   | 31,355                       |   |   | 33,575 |   |
|                                                               |   |                         |     |                         |   |                         |   |   |   |   |
| CASH-BEGINNING                  OF PERIOD                          |   |                         | 75,768   |                         |   | -                            |   |   | - |   |
| CASH-END                  OF PERIOD                                |   | $                            | 33,575   |                         | $      | 31,355                       |   | $ | 33,575 |   |
|                                                               |   |                         |     |                         |   |                         |   |   |   |   |
| CASH                  PAID FOR:                                    |   |                         |     |                         |   |                         |   |   |   |   |
| Interest                                                           |   | $                            | -        |                         | $      | -                            |   |   |   |   |
| Income                  Taxes                                      |   | $                            | -        |                         | $      | -                            |   |   |   |   |

**See        notes to unaudited consolidated financial statements**

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**Note      1 – Organization, Nature of Operations and Basis of      Presentation**

**Note      2 - Summary of Significant Accounting Policies**

**Principles      of Consolidation.**

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**Use      of Estimates -**

**Cash      and Cash Equivalents -**

**Income      Taxes - **

**Fair      Value of Financial Instruments -**

**Loss      Per Common Share -**

**Film      Costs -**

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**New      Accounting Pronouncements - **

**NOTE      3 - Going Concern**

**Note      4 – Notes Payable **

**Note      5- Issuance of Common and Preferred Stock**

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

**Statement      Regarding Forward-Looking Information**

*This      report contains forward-looking statements within the meaning of      Section 27A of the Securities Act of 1933, as amended, Section 21E of      the Securities Exchange Act of 1934 and the Private Securities Litigation Reform      Act of 1995. All statements other than statements of historical facts included      in this Quarterly Report on Form 10-Q, including without limitation, statements      in this Management’s Discussion and Analysis of Financial Condition and Results      of Operations regarding our financial position, estimated working capital,      business strategy, the plans and objectives of our management for future      operations and those statements preceded by, followed by or that otherwise      include the words “believe”, “expects”, “anticipates”, “intends”, “estimates”,“projects”, “target”, “goal”, “plans”, “objective”, “should”, or similar      expressions or variations on such expressions are forward-looking statements.      We      can give no assurances that the assumptions upon which the forward-looking      statements are based will prove to be correct. Because forward-looking      statements are subject to risks and uncertainties, actual results may differ      materially from those expressed or implied by the forward-looking statements.      There are a number of risks, uncertainties and other important factors that      could cause our actual results to differ materially from the forward-looking      statements, including, but not limited to, the availability and pricing of      additional capital to finance operations, the acceptance of our feature film      at      various film festivals, the successful negotiation and execution of marketing      and distribution agreements, our ability to acquire and develop future film      projects, and future economic conditions and the independent film      market.*

*Except      as otherwise required by the federal securities laws, we disclaim any      obligations or undertaking to publicly release any updates or revisions to      any      forward-looking statement contained in this Quarterly Report on Form 10-Q to      reflect any change in our expectations with regard thereto or any change in      events, conditions or circumstances on which any such statement is based.*

*BuzzKill*

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*Buzz      Kill*

*BuzzKill*

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*BuzzKill*

*BuzzKill*

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

**ITEM      4T.**
**CONTROLS      AND PROCEDURES**

**Evaluation      of Our Disclosure Controls and Internal Controls**

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**Changes      in Internal Control Over Financial Reporting**

**PART      II – OTHER INFORMATION**

**ITEM      1.**
**LEGAL      PROCEEDINGS **

**ITEM      1A.**
**RISK      FACTORS**

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

**ITEM      3.**
**DEFAULTS      UPON SENIOR SECURITIES**

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

**ITEM      5.**
**OTHER      INFORMATION**

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**ITEM      6. EXHIBITS.**

| *Exhibit No.*         |   | *Description*                                                                                                                                                                                                                                  |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                / 31.2 |   | Certification                of Principal Executive and Financial Officer pursuant to Section                302 the                Sarbanes-Oxley Act of 2002                                                                                 |
|                       |   |                                                                                                                                                                                                                                           |
| 32.1                / 32.2 |   | Certification                of Principal Executive and Financial Officer pursuant to 18 U.S.C.                Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002 |

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**SIGNATURES**

| November                  14, 2008 | **EASTERN                  RESOURCES, INC.** |
|------------------------------------|----------------------------------------------|
|                               |                                         |   |
|                               | By:                                          | /s/                  Thomas H. Hanna, Jr. |
|                               |                                         | Thomas                  H. Hanna, Jr., PrincipalExecutive                  and Financial Officer |

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