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

**FORM 10-Q**

[X]     QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THESECURITIES EXCHANGE ACT OF 1934

**For the quarterly period ended March31, 2010**

[   ]     TRANSITION REPORT UNDER SECTION 13 OR 15(D) OFTHE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____to _____

Commission FileNumber: 000-53565

**NAVA RESOURCES INC.**(Exact name of registrant as specified in its charter)

| **Nevada**  (State or other jurisdiction of incorporation or organization)                                   | **20-8530914**  (I.R.S. Employer Identification  No.) |
|--------------------------------------------------------------------------------------------------------------|-------------------------------------------------------|
|                                                                                                         |                                                  |
| **104 - 2636 Montrose AvenueAbbotsford, British Columbia, Canada**  (Address of principal executive offices) | **V2S 3T6**  (Zip Code)                               |
|                                                                                                         |                                                  |
| **778-218-9638**  (Registrant's telephone number, including area code)                                       |                                                  |

Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by Section 13 or 15(d) of the Exchange Act during the past12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for thepast 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," "acceleratedfiler," "non-accelerated filer," and "smaller reportingcompany" in Rule 12b-2 of the Exchange Act. 

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

Indicate by check mark whether the registrant is a shell company (asdefined in Rule 12b-2 of the Exchange Act). Yes [   ] No [X]

State the number of shares outstanding of each of the issuer's classes ofcommon equity, as of the latest practicable date: **12,263,604 shares ofcommon stock as of May 6, 2010.**

----

**NAVA RESOURCES INC.**

**Quarterly Report On Form 10-QFor The Quarterly Period EndedMarch 31, 2010**

INDEX

| PART 1 - FINANCIAL INFORMATION                                                                                                                | F-4  |
|-----------------------------------------------------------------------------------------------------------------------------------------------|------|
|    Item 1.   Financial Statements                                                                               | F-4  |
|    Item 2.   Management's Discussion and  Analysis of Financial Condition and Results   of Operations | F-12 |
|    Item 3.   Quantitative and Qualitative  Disclosures About Market Risk                                        | F-25 |
|    Item 4.   Controls and Procedures                                                                            | F-25 |
| PART II - OTHER INFORMATION                                                                                                                   | F-26 |
|    Item 1.   Legal Proceedings                                                                                  | F-26 |
|    Item 1A. Risk Factors                                                                                                  | F-26 |
|    Item 2.   Unregistered Sales of Equity  Securities and Use of Proceeds                                       | F-26 |
|    Item 3.   Defaults Upon Senior Securities                                                                    | F-26 |
|    Item 4.   Submission of Matters to a Vote  of Securities Holders                                             | F-26 |
|    Item 5.   Other Information                                                                                  | F-27 |
|    Item 6.   Exhibits                                                                                           | F-27 |

----

**FORWARD-LOOKING STATEMENTS**

ThisQuarterly Report on Form 10-Q contains forward-looking information.Forward-looking information includes statements relating to future actions,prospective products, future performance or results of current or anticipatedproducts, sales and marketing efforts, costs and expenses, interest rates, outcomeof contingencies, financial condition, results of operations, liquidity,business strategies, cost savings, objectives of management of the Company andother matters.  The Private Securities Litigation Reform Act of 1995 provides a“safe harbor” for forward-looking information in order to encourage companiesto provide prospective information about themselves without fear of litigation,so long as that information is identified as forward-looking and is accompaniedby meaningful cautionary statements identifying important factors that couldcause actual results to differ materially from those projected in theinformation. Forward-looking information may be included in this QuarterlyReport on Form 10-Q or may be incorporated by reference from other documentsfiled with the Securities and Exchange Commission by the Company. You can findmany of these statements by looking for words including, for example,“believes,” “expects,” “anticipates,” “estimates” or similar expressions inthis Quarterly Report on Form 10-Q or in documents incorporated byreference in this Quarterly Report on Form 10-Q.  Except as otherwiserequired by applicable law, the Company undertakes no obligation to publiclyupdate or revise any forward-looking statements, whether as a result of newinformation or future events.

            The Company has basedthe forward-looking statements relating to the Company’s operations onmanagement’s current expectations, estimates and projections about the Companyand the industry in which it operates. These statements are not guarantees offuture performance and involve risks, uncertainties and assumptions that wecannot predict. In particular, we have based many of these forward-lookingstatements on assumptions about future events that may prove to be inaccurate.Accordingly, the Company’s actual results may differ materially from thosecontemplated by these forward-looking statements. Any differences could resultfrom a variety of factors, including, but not limited to the following: 

|   | •  | strategies, outlook and growth prospects; |
|--------|---------------|-------------------------------------------|

|   | • | future plans and potential for future growth; |
|--------|---------|-----------------------------------------------|

|   | • | liquidity, capital resources and capital expenditures; |
|--------|---------|--------------------------------------------------------|

|   | • | growth in demand for our products; |
|--------|---------|------------------------------------|

|   | • | economic outlook and industry trends; |
|--------|---------|---------------------------------------|

|   | • | developments of our markets; |
|--------|---------|------------------------------|

|   | • | the impact of regulatory initiatives; and |
|--------|---------|-------------------------------------------|

|   | • | the strength of our competitors |
|--------|---------|---------------------------------|

F-2

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**PART I - FINANCIAL INFORMATION**

**Item 1. Financial Statements**

The following unaudited interim financial statements of Nava ResourcesInc.(sometimes referred to as "we", "us" or "ourCompany") are included in this quarterly report on Form 10-Q:

**NAVA RESOURCES, INC.**(An Exploration StageCompany)March31, 2010

|                                                         | Index                 |
|--------------------------------------------------------------|-----------------------|
|                                                         |                  |
| Interim Consolidated Balance Sheets                          | F–4             |
|                                                         |                  |
| Interim Consolidated Statements of Operations                | F–5             |
|                                                         |                  |
| Interim Consolidated Statements of Cash Flows                | F–6             |
|                                                         |                  |
| Interim Consolidated Statement of Stockholders’ Equity | F–7             |
|                                                         |                  |
| Notes to the Interim Consolidated Financial Statements       | F–8- F–11 |

F-3

----

**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED BALANCE SHEETS

|                                                                                      |   | March 31,  2010  (Unaudited)                                        |   |   | June 30,  2009                                           |   |
|-------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|--------|----------------------------------------------------------|--------|
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **ASSETS**                                                                                |   |                                                                |   |   |                                                     |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Current**                                                                               |   |                                                                |   |   |                                                     |   |
|       Cash and cash equivalents                                  |   | $         91,200       |   |   | $      108,629             |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Total current assets**                                                                  |   | 91,200                                                              |   |   | 108,629                                                  |   |
| **Equipment**                                                                             |   | 224                                                                 |   |   | 321                                                      |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **TOTAL ASSETS**                                                                          |   |  $        91,424            |   |   |  $     108,950                  |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **LIABILITIES**                                                                           |   |                                                                |   |   |                                                     |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Current**                                                                               |   |                                                                |   |   |                                                     |   |
|       Accounts payable and accrued liabilities                   |   | $           3,922 |   |   | $         10,808 |   |
| Due to related party                                                                      |   | 920                                                                 |   |   | 920                                                      |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Total current liabilities**                                                             |   | 4,842                                                               |   |   | 11,728                                                   |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Going concern contingency** (Note 1)                                                    |   |                                                                |   |   |                                                     |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **STOCKHOLDERS’ EQUITY**                                                            |   |                                                                |   |   |                                                     |   |
|       Common stock                                               |   |                                                                |   |   |                                                     |   |
| 400,000,000 common shares authorized,  $0.00001 par value                                 |   |                                                                |   |   |                                                     |   |
| 12,263,604 common shares issued and  outstanding (June 30, 2009 –  12,226,104) |   |    123                                                         |   |   |    123                                              |   |
|       Additional paid-in capital                                 |   | 189,395                                                             |   |   | 187,621                                                  |   |
|       Deficit accumulated during the exploration  stage          |   |      (102,936)                                  |   |   |        (90,522)            |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **Total stockholders’ equity**                                                      |   |         86,582                   |   |   |         97,222        |   |
|                                                                                      |   |                                                                |   |   |                                                     |   |
| **TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY**                                      |   | $      91,424                              |   |   | $      108,950                  |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-4

----

**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS 

|                                                                                                                   |   |          Three months  ended  March 31,  2010  (Unaudited)                                                                                    |   |   |          Three months  ended  March 31,  2009    (Unaudited)                                                                                  |   |   |          Nine months  ended    March 31,  2010   (Unaudited)                                                                             |   |   |          Nine months  ended    March 31,  2009   (Unaudited)                                                                             |   |   |    Accumulated   from July 21,   2005 (date of   inception)  to   March 31,  2010        (Unaudited)                                |   |
|------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **EXPENSES**                                                                                                           |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |
|       Amortization                                                                            |   | $               28                                                                     |   |   | $               50                                                                     |   |   | $               97                                                                     |   |   | $             175                                                                                |   |   | $             1,093                                                                              |   |
|       Consulting                                                                              |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | 16,000                                                                                                                                                       |   |
|      Consulting – stock based compensation                                                   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | 1,399                                                                                                                                                        |   |   | -                                                                                                                                                            |   |   | 1,399                                                                                                                                                        |   |
| Exploration costs                                                                                                      |   | -                                                                                                                                                            |   |   |    -                                                                                                                                               |   |   | -                                                                                                                                                            |   |   | 4,100                                                                                                                                                        |   |   | 12,026                                                                                                                                                       |   |
|       Office and miscellaneous                                                                |   | 74                                                                                                                                                           |   |   | 1,736                                                                                                                                                        |   |   | 770                                                                                                                                                          |   |   | 2,160                                                                                                                                                        |   |   | 8,112                                                                                                                                                        |   |
| Professional fees                                                                                                      |   | 2,387                                                                                                                                                        |   |   | 1,544                                                                                                                                                        |   |   | 10,227                                                                                                                                                       |   |   | 16,128                                                                                                                                                       |   |   | 72,387                                                                                                                                                       |   |
|                                                                                                                   |   |                            |   |   |                            |   |   |                            |   |   |                            |   |   |                            |   |
| **Operating loss**                                                                                                     |   | (2,489)                                                                                                                                                      |   |   | (3,330)                                                                                                                                                      |   |   | (12,493)                                                                                                                                                     |   |   | (22,563)                                                                                                                                                     |   |   |     (111,017)                                                                                                                                 |   |
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **Other item**                                                                                                         |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
|       Interest income                                                                         |   |                  10                                 |   |   |                177                                            |   |   |                  79                                 |   |   |   1,144                                                                                                                                            |   |   | 8,081                                                                                                                                                        |   |
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **NET AND COMPREHENSIVE LOSS**                                                                                         |   | $       (2,479)                                                                                                                |   |   | $       (3,153)                                                                                                                |   |   | $     (12,414)                                                                                                                           |   |   | $     (21,419)                                                                                                                           |   |   | $      (102,936)                                                                                                                    |   |
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **BASIC AND DILUTED LOSS****PER SHARE**                                                                                |   |    $         (0.00)                                                                                             |   |   |    $        (0.00)                                                                                                   |   |   |    $         (0.00)                                                                                             |   |   |    $        (0.00)                                                                                                   |   |   |                                                                                                                                                         |
|                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |
| **WEIGHTED  AVERAGE NUMBER OF SHARES OUTSTANDING: **                                                              |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |
| **BASIC AND  DILUTED                ** |   | 12,263,604                                                                                                                                                   |   |   | 12,226,104                                                                                                                                                   |   |   | 12,242,771                                                                                                                                                   |   |   |  12,226,104                                                                                                                                             |   |   |                                                                                                                                                         |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-5

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                                  |   |    Nine months    ended    March 31,  2010     (Unaudited)                                                 |   |   |    Nine months    ended  March 31,  2009     (Unaudited)                                                         |   |   | Accumulated   from July 21,   2005 (date of   inception)  to   March 31,  2010         (Unaudited)    |   |
|-------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **CASH FLOWS FROM OPERATING ACTIVITIES**                                                        |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Net loss                                                         |   | $      (12,414)                                                                             |   |   | $      (21,419)                                                                                   |   |   | $       (102,936)                                                                                     |   |
|       Non-cash operating items:                                        |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| Amortization                                                                                    |   | 97                                                                                                                   |   |   | 175                                                                                                                        |   |   | 1,093                                                                                                                               |   |
| Consulting – stock based compensation                                                     |   | 1,399                                                                                                                |   |   | -                                                                                                                          |   |   | -                                                                                                                                   |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Changes in non-cash working capital items:                       |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|          Receivables                                    |   | -                                                                                                                    |   |   | 1,142                                                                                                                      |   |   | -                                                                                                                                   |   |
|           Accounts payable and accrued liabilities |   |           (6,886)                                                       |   |   |                591                                   |   |   |                 3,922                                    |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Net cash used in operating activities                  |   |    (17,804)                                                                                                |   |   |         (19,511)                                                                        |   |   |            (97,921)                                                               |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **CASH FLOWS FROM INVESTING ACTIVITIES**                                                        |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Acquisition of equipment                                         |   |                     - |   |   |                      - |   |   |              (1,317)                                                    |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Net cash used in investing activities                            |   |                     - |   |   |                      - |   |   |              (1,317)                                                    |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **CASH FLOWS FROM FINANCING ACTIVITIES**                                                        |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| Issuance of capital stock                                                                       |   |                 375                       |   |   |                      - |   |   | 189,518                                                                                                                             |   |
|      Due to (from) related party                                            |   |                     - |   |   | (2,149)                                                                                                                    |   |   |                  920                                |   |
|                                                                                            |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
|       Net cash provided by financing activities                        |   |                375                             |   |   | (2,149)                                                                                                                    |   |   |              190,438                                                    |   |
|                                                                                                 |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **Change in cash and cash equivalents**                                                         |   |         (17,429)                                                                  |   |   |          (21,660)                                                                  |   |   | 91,200                                                                                                                              |   |
|                                                                                                 |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **Cash and cash equivalents, beginning**                                                        |   |  108,629                                                                                                        |   |   |  132,040                                                                                                              |   |   | -                                                             |   |
|                                                                                                 |   |                                                                                                                 |   |   |                                                                                                                       |   |   |                                                                                                                                |   |
| **Cash and cash equivalents, ending**                                                           |   | $        91,200                                                                   |   |   | $        110,380                                                                        |   |   | $            91,200                                                          |   |

**Cash and cashequivalents composed of:**

| Cash on deposit |   | $          9,397 |   |   | $          8,759 |   |   | $          9,397 |   |
|-----------------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|
| Term deposit    |   | 81,803                                                        |   |   | 101,621                                                       |   |   | 81,803                                                        |   |
|            |   |                                                          |   |   |                                                          |   |   |                                                          |   |
|            |   | $        91,200            |   |   | $        110,380           |   |   | $       91,200                  |   |

**Supplementaldisclosures with respect to cash flows:**

| Cash paid during  the period for: |   |                                                                                                        |   |   |                                                                                                             |   |   |                                                                                                             |   |
|-----------------------------------|--------|-------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------|--------|
| Interest                          |   | $                    - |   |   | $                    - |   |   | $                    - |   |
| Income taxes                      |   | $                    - |   |   | $                    - |   |   | $                    - |   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-6

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY

|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------|
|                                                                                                                                               |       Common   shares –   number |    Common shares  –   paid-in  capital          |       Additional   paid-in    capital                              |       Subscriptions   received in   advance                                               | Deficit   accumulated   during the   exploration    stage                                                        |             Total                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| July 21, 2005 (inception)                                                                                                                          | -                                                | $           - | $              - | $                 - | $               -                          | $          -    |
|                                                                                                                           |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| July 21, 2005       Issuance of capital stock     ($0.001/share)                                                     | 200,000                                          |    2                                                       |    198                                                                  | -                                                                                                   | -                                                                                                                |    200                                                  |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| June 30, 2006       Subscriptions received                                                                                          | -                                                | -                                                               |  -                                                                      |           14,000                                       | -                                                                                                                |       14,000                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Net loss                                                                                                                                           | -                                                | -                                                               |              -   | -                                                                                                   | (1,750)                                                                                                          |   (1,750)                                               |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Balance, June 30, 2006                                                                                                                             | 200,000                                          | 2                                                               | 198                                                                          | 14,000                                                                                              |        (1,750)                                                                     | 12,450                                                       |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| March 1, 2007       Issuance of capital stock           ($0.00001/share)                                             |    39,800,000                               |    398                                                     |    -                                                                    |    -                                                                                           |    -                                                                                                        |    398                                                  |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| March 4, 2007       Cancellation of common stock     ($0.00001/share)                                                |    (18,000,000)                             |    (180)                                                   |    -                                                                    |    -                                                                                           |    -                                                                                                        |      (180)                                    |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| March 20, 2007       Issuance of capital stock     ($0.15/share)                                                     | 874,104                                          | 9                                                               | 131,107                                                                      | (14,000)                                                                                            | -                                                                                                                | 117,116                                                      |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| April 18, 2007        Cancellation of common stock      ($0.00001/share)                                   |    (11,000,000)                             |    (110)                                                   |    -                                                                    |    -                                                                                           |    -                                                                                                        |    (110)                                                |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| June 1, 2007       Issuance of capital stock     ($0.16/share)                                                       | 352,000                                          | 4                                                               | 56,316                                                                       | -                                                                                                   | -                                                                                                                | 56,320                                                       |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Net loss                                                                                                                                           | -                                                | -                                                               | -                                                                            | -                                                                                                   | (16,103)                                                                                                         |    (16,103)                                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Balance, June 30, 2007                                                                                                                             | 12,226,104                                       | 123                                                             | 187,621                                                                      | -                                                                                                   | (17,853)                                                                                                         |     169,891                                   |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Net loss                                                                                                                                           | -                                                | -                                                               | -                                                                            | -                                                                                                   | (42,281)                                                                                                         |    (42,281)                                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Balance, June 30, 2008                                                                                                                             | 12,226,104                                       | 123                                                             | 187,621                                                                      | -                                                                                                   | (60,134)                                                                                                         |     127,610                                   |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Net loss                                                                                                                                           | -                                                | -                                                               | -                                                                            | -                                                                                                   | (30,388)                                                                                                         |    (30,388)                                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Balance, June 30, 2009                                                                                                                             | 12,226,104                                       | 123                                                             | 187,621                                                                      | -                                                                                                   |      (90,522)                                                                                |       97,222                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| November 29, 2009       Issuance of capital stock     ($0.01/share)     and stock  based compensation |    37,500                                   |    -                                                       |    1,774                                                                |    -                                                                                           |                      - |           1,774 |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Net loss                                                                                                                                           | -                                                | -                                                               | -                                                                            | -                                                                                                   | (12,414)                                                                                                         |    (12,414)                                        |
|                                                                                                                                               |                                             |                                                            |                                                                         |                                                                                                |                                                                                                             |                                                         |
| Balance, March 31, 2010                                                                                                                            | 12,263,604                                       | $       123                       | $  189,395                                                              | $                 - | $ (102,936)                                                                                                      | $    86,582                                   |

The accompanying notes are an integral part of theseinterim consolidated financial statements.

F-7

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2010

| **1.**       | **NATURE AND CONTINUANCE OF OPERATIONS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|         | Nava Resources Inc.      (the "Company") was incorporated on July 21, 2005 under the laws of      the state of Nevada. The Company’s wholly owned subsidiary, Nava Resources,      Canada Inc. (“Nava Resources, Canada”), was incorporated in Canada on August 9,      2005. The Company is      an Exploration Stage Company. The Company’s principal business is the      acquisition and exploration of mineral properties. The Company has not yet      determined whether its properties contain mineral reserves that are      economically recoverable.

Going Concern

These        consolidated financial statements have been prepared on a going concern basis,        which implies the Company will continue to realize its assets and discharge its        liabilities in the normal course of business. The Company has not generated        revenues since inception and has not paid any dividends and is unlikely to pay        dividends or generate earnings in the immediate or foreseeable future. The        continuation of the Company as a going concern is dependent upon the continued        financial support from its shareholders, the ability of the Company to obtain        necessary equity financing to continue operations and to determine the        existence, discovery and successful exploitation of economically recoverable        reserves in its resource properties, confirmation of the Company interest in        the underlying properties, and the attainment of profitable operations. As at        March 31, 2010, the Company has accumulated losses of $102,936 since inception.        These consolidated financial statements do not include any adjustments to the        recoverability and classification of recorded asset amounts and classification        of liabilities that might be necessary should the Company be unable to continue        as a going concern. 

Management of the Company has undertaken steps as part        of a plan with the goal of sustaining Company operations for the next twelve        months and beyond. These steps include: (a) continuing efforts to raise        additional capital and/or other forms of financing; and (b) controlling overhead        and expenses. There can be no assurance that any of these efforts will be    successful. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| **2. ** | **BASIS OF PRESENTATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|         | These interim financial statements have been prepared      in accordance with U.S. generally accepted accounting principles for financial      information and with the instructions to Form 10-Q and Item 310(b) of      Regulation S. In the opinion of management, all adjustments (consisting of      normal recurring accruals) considered necessary for a fair presentation have      been included.  Operating results for the nine months ended March 31, 2010 are      not necessarily indicative of the results that may be expected for any interim      period or an entire year. The Company applies the same accounting policies and      methods in its interim financial statements as those in the most recent audited    annual financial statements, except as discussed in Note 3 below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| **3.**       | **CHANGE IN ACCOUNTING POLICIES**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|         | In      September 2006, the Financial Accounting Standards Board (“FASB”) issued SFAS      No. 157, “Fair Value Measurements” (ASC topic 820). It establishes a framework      for measuring the fair value of assets and liabilities. This framework is      intended to provide increased consistency in how fair value determinations are      made under various existing accounting standards that permit, or in some cases      require, estimates of fair market value. It also expands financial statement      disclosure requirements about a company’s use of fair value measurements,      including the effect of such measures on earnings. This standard is effective      for fiscal years beginning after November 15, 2007. For nonfinancial assets and      nonfinancial liabilities, the standard is effective for financial statements      issued for fiscal years beginning after November 15, 2008. We have adopted this      new guidance effective July 1, 2009. Adoption of this standard did not impact    our consolidated financial position, results of operations or cash flows.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

F-8

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2010

| **3. ** | **CHANGE IN ACCOUNTING POLICIES**(cont’d...)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|         | In December 2007, the FASB issued SFAS No. 160,      “Noncontrolling Interests in Consolidated Financial Statements Liabilities –an      Amendment of ARB No. 51” (ASC Topic 810).  This statement amends ARB 51 to      establish accounting and reporting standards for the noncontrolling interest in      a subsidiary and for the deconsolidation of a subsidiary. This statement is      effective for fiscal years and interim periods within those fiscal years,      beginning on or after December 15, 2008 and earlier adoption is prohibited. The      Company adopted this new guidance effective July 1, 2009. The adoption of this      statement did not have a material effect on the Company's consolidated      financial statements.

In March 2008, the FASB issued SFAS No. 161,        “Disclosures about Derivative Instruments and Hedging Activities – an amendment        to FASB Statement No. 133” (ASC Topic 815).  It is intended to improve        financial standards for derivative instruments and hedging activities by        requiring enhanced disclosures to enable investors to better understand their        effects on an entity's financial position, financial performance, and cash        flows. Entities are required to provide enhanced disclosures about: (a) how and        why an entity uses derivative instruments; (b) how derivative instruments and        related hedged items are accounted for under Statement 133 and its related        interpretations; and (c) how derivative instruments and related hedged items        affect an entity’s financial position, financial performance, and cash flows.         It is effective for financial statements issued for fiscal years beginning        after November 15, 2008, with early adoption encouraged. The Company        adopted this new guidance effective July 1, 2009. The adoption of this        statement did not have a material effect on the Company’s consolidated        financial statements.

In December 2007, the FASB issued SFAS No. 141R,        “Business Combinations” (ASC Topic 805).  This statement replaces SFAS 141 and        defines the acquirer in a business combination as the entity that obtains control        of one or more businesses in a business combination and establishes the        acquisition date as the date that the acquirer achieves control. It requires an        acquirer to recognize the assets acquired, the liabilities assumed, and any        noncontrolling interest in the acquiree at the acquisition date, measured at        their fair values as of that date. It also requires the acquirer to recognize        contingent consideration at the acquisition date, measured at its fair value at        that date. This statement is effective for fiscal years and interim periods        within those fiscal years, beginning on or after December 15, 2008 and earlier        adoption is prohibited. The Company adopted this new guidance effective July 1,        2009. The adoption of this statement did not have a material effect on the        Company’s consolidated financial statements.

Effective July 1, 2009, the Company adopted Statement        of Financial Accounting Standards No. 165, “Subsequent Events” (ASC Topic 855).         It establishes general standards of accounting for and disclosure of subsequent        events. The adoption of the standards has not had any impact on the Company’s        financial position, results of operations, or cash flows.

In June 2009 the FASB established the Accounting        Standards Codification (“Codification” or “ASC”) as the source of authoritative        accounting principles recognized by the FASB to be applied by nongovernmental        entities in the preparation of financial statements in accordance with        generally accepted accounting principles in the United States (“GAAP”). Rules and        interpretive releases of the Securities and Exchange Commission (“SEC”) issued        under authority of federal securities laws are also sources of GAAP for SEC        registrants. Existing GAAP was not intended to be changed as a result of the        Codification, and accordingly the change did not impact our financial    statements.  |

F-9

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2010

| **3. ** | **CHANGE IN ACCOUNTING POLICIES**(cont’d...)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|         | Statement of Financial Accounting Standards (“SFAS”)      No. 166 (ASC Topic 810), “Accounting for Transfers of Financial Assets—an      Amendment of FASB Statement No. 140”, SFAS No. 167 (ASC Topic 810), “Amendments      to FASB Interpretation No. 46(R)”, and SFAS No. 168 (ASC Topic 105), “The FASB      Accounting Standards Codification and the Hierarchy of Generally Accepted      Accounting Principles—a replacement of FASB Statement No. 162” were recently      issued. SFAS No. 166, 167, and 168 have no current applicability to the Company    or their effect on the financial statements would not have been significant. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

|   | Accounting Standards Update (“ASU”) ASU No. 2009-05        (ASC Topic 820), which amends Fair Value Measurements and Disclosures –        Overall, ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue        Arrangements,  ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements        that include Software Elements, and various other ASU’s No. 2009-2 through ASU        No. 2009-15 which contain technical corrections to existing guidance or affect        guidance to specialized industries or entities were recently issued. These        updates have no current applicability to the Company or their effect on the    financial statements would not have been significant.                                                             |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **4.** | **STOCKHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Stock Options

The Company has adopted a Stock Incentive Plan (the        “Plan”). The essential elements of the Plan provide that the total number of        shares of stock reserved and available for distribution under the plan shall be        10,000,000 shares of common stock of the Company. The Options granted under the        Plan shall have a maximum term of five years. 

During the current period, the Company granted 125,000        stock options to its consultants at an exercise price of $0.01, expiring        between November 17, 2014 and November 28, 2014.

The fair value of the options granted during the        period was estimated at the grant date using the Black-Scholes option pricing    model with the following weighted average assumptions: |

| Expected annual volatility         | 126.69% |
|------------------------------------|---------|
| Risk free interest rate            | 2.55%   |
| Expected life                      | 5 years |
| Expected dividend yield            | 0%      |
| Exercise price                     | $0.01   |
| Closing price on the date of grant | $0.04   |

|   | The fair value of the stock options granted during theperiod is $4,664. The stock options vest between 25% and 50% every six monthsfrom the date of the grant. The fair value of the stock options vested duringthe period is $1,399. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

F-10

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**NAVA RESOURCES, INC.**(AnExploration Stage Company)NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2010

| **4.** | **STOCKHOLDERS’ EQUITY**(cont’d...)     |
|--------|---------------------------------------------------------|
|   |                                                    |
|   | The Company has the following stock optionsoutstanding: |

| Expiry                                 Date |   | Exercise Price |   |   | Number  of Options Outstanding |   |   | Number of Options Exercisable |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|--------------------------------|--------|--------|-------------------------------|--------|
|                                                                                                                                                                                                        |   |           |   |   |                           |   |   |                          |   |
| November 17, 2014                                                                                                                                                                                           |   | $0.01          |   |   | 75,000                         |   |   | -                             |   |
| November 28, 2014                                                                                                                                                                                           |   | $0.01          |   |   | 12,500                         |   |   | -                             |   |
|                                                                                                                                                                                                        |   |           |   |   | 87,500                         |   |   | -                             |   |

|   | A summary of the status of the Company’s stock optionsas of March 31, 2010 and changes during the period are as follows: |
|--------|--------------------------------------------------------------------------------------------------------------------------------|

|                                      |   | Shares   |   |   | Weighted average exercise price                                                                                                         |   |
|-------------------------------------------|--------|----------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
| Options outstanding, June 30, 2009        |   | -        |   |   | $                       - |   |
| Granted                                   |   | 125,000  |   |   | 0.01                                                                                                                                    |   |
| Exercised                                 |   | (37,500) |   |   | (0. 01)                                                                                                                                 |   |
|  Options outstanding, March 31, 2010 |   | 87,500   |   |   | $                0.01                                        |   |

| **5****.  ** | **SUBSEQUENT EVENT**                                                                                |
|------------------------|-----------------------------------------------------------------------------------------------------|
|                   |                                                                                                |
|                   | The Company has evaluated subsequent events and hasdetermined that there are no events to disclose. |

F-11

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**Item 2. Management's Discussion and Analysis of Financial Condition andResults of Operations**

The following discussion of our financialcondition, changes in financial condition and results of operations for the ninemonths ended March 31, 2010 and 2009 should be read in conjunction with ourunaudited interim financial statements and related notes for the nine monthsended March 31, 2010 and 2009.The following discussion contains forward-lookingstatements that involve risks, uncertainties and assumptions. Our actualresults may differ materially from those anticipated in these forward-lookingstatements as a result of many factors, including, but not limited to, thoseset forth below under the heading "Risk Factors".

**Overview of our Business**

We are an exploration stage company formed for the purposesof acquiring, exploring and, if warranted and feasible, developing naturalresource properties. 

***Organization***

On July 21, 2005, the Company was incorporated under thelaws of the State of Nevada for the purpose of conducting mineral explorationactivities. We were authorized to issue 400,000,000 shares of common stock, parvalue $.001 per share, and initially issued 100,000 shares of common stock toeach of Jag Sandhu, our President, Chief Executive Officer and a director, andJohnny Astorino, our Chief Financial Officer. Said issuances were paid at apurchase price of the par value per share. Our wholly owned subsidiary, NavaResources Canada Inc. (“Nava Canada”), was organized under the Federal laws of Canada on August 9, 2005.

On January 4, 2007, the Company obtained written consentfrom the shareholders to amend our Articles of Incorporation to change the parvalue of our common stock from $0.001 to $0.00001 per share. On February 28,2007, the Board of Directors of the Company amended the Articles ofIncorporation changing the par value of the Company’s common stock. 

In March 2007 we issued 19,900,000 shares to each ofMessrs. Sandhu and Astorino in consideration for the payment of par value pershare. Mr. Astorino subsequently returned 18,000,000 shares to the Company’streasury for cancellation.

On March 20, 2007, we accepted subscriptions for 874,104shares of our common stock from 37 investors. The shares of common stock weresold at a purchase price of $0.15 per share, amounting in the aggregate to$131,116. The offering was made to non-U.S. persons in offshore transactionspursuant to the exemption from registration provided by Regulation S of theSecurities Act of 1933, as amended (the “Securities Act”).

On April 18, 2007, Mr. Sandhu returned an aggregate of10,000,000 shares and Mr. Astorino returned an aggregate of 1,000,000 shares ofcommon stock to the Company’s treasury for cancellation.

F-12

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On June 1, 2007, we accepted subscriptions for 352,000units from 10 investors. The units were sold at a purchase price of $0.16 perunit, amounting in the aggregate to $56,320. Each unit was comprised of oneshare of our common stock and one warrant. Each warrant entitles the warrantholder to purchase one share of common stock at an exercise price of $0.20 pershare. Each warrant expired unexercised on June 1, 2009. The offering was madeto non-U.S. persons in offshore transactions pursuant to the exemption fromregistration provided by Regulation S of the Securities Act.

On November 29, 2009 we issued 37,500 shares at $0.01 forexercise of stock options.

ExploratoryActivities

In July 2005 we commenced our mineral explorationactivities. On October 10, 2006, the Company entered into an agreement with JagSandhu, our President, Chief Executive Officer and Director, pursuant to whichthe Company obtained an option to acquire a 100% interest in and to the mineralclaim located in Lillooett Mining Division called the Noel Creek Claim.  On October 2, 2007, the option expired due to the Company notmaking the required payments as per the option agreement. 

On August 28, 2007, Mr. Jag Sandhu, our President and ChiefExecutive Officer and a director, acquired two claims for a 637.39 hectare(approximately 1575.03 acres) mineral concession on Vancouver Island, in the Province of British Columbia, Canada through British Columbia’s online staking service. Thesemineral claims are known as the North 1 and North 2 Claims. On November 22,2007, Mr. Sandhu transferred the claims to Nava Canada using British Columbia’sMineral Title Online web site. We intend to conduct exploratory activities withrespect to the claims, and if viable mineral deposits are discovered, developand extract such minerals. In addition, as funding permits, we may acquireadditional properties of interest and either abandon our existing properties orenter into agreements to sell all or a portion of those properties.  

In October 2007, we engaged a professional miningengineering service and consulting firm, MineStart Management Inc.(“MineStart”), to review the geologic premise and information upon which theclaim was staked, and to provide a technical report as to its merit as anexploration prospect, including recommendations on appropriate next steps. The report on the claims, entitled “North 1 and 2 Project – A VMSInvestigation” and dated December 7, 2007, describes the mineral claim(tenures, location and access) and the regional, local and property geology. Italso includes relevant information on targeted deposit types andmineralization, and recommendations with associated budgets, regarding theinitial strategy that should be followed in exploring the claim. 

We performed an exploration program on the North 1 and North 2 Claims in August 2008.   This program involved a review ofproperty geology based on government compilations, acquisition of relevant airphoto coverage and a visit to the property by Jag Sandhu and Don Blackadar. The purpose of this visit was to become familiar with the general layout of theproperty and related road access, and to prospect and collect rock samples inreadily accessible areas. Work was concentrated in the South West corner of theNorth 2 claim which was accessible just off of the highway, with foot accessvia an overgrown secondary road leading into the claim. 

F-13

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The North Claim is primarily underlain by felsic tointermediate volcanic and volcaniclastic rocks of the middle to upper DevonianSicker Group (McLaughlin Ridge Formation), which is prospective for Kuroko-typemassive sulphide deposits rich in copper, lead, zinc, gold and silver.  Outcropexposure in the area prospected was minimal due to overburden cover of boldertill with hardpan noted in some rock cuts. A total of 30 rock samples weretaken for multi-element geochemical analysis.  These samples were primarilyfloat but several samples may have been from small outcrops visible in the roadcut.  All samples were of intermediate composition (andesite), ranging fromfine to medium grained, and relatively massive in texture (weakly foliated insome cases), possibly representing intermediate tuffs with some intrusiveequivalents. Samples were sent to Acme Labs in Vancouver, crushed to200  mesh, and processed by Aqua Regia digestion CCP-MS analysis.  Gold wasalso determined by fire assay fusion by ICP-ES. No significant anomalies wereidentified in the pathfinder suite.  However, the first three samplesdemonstrate a weakly anomalous Cu-Pb-Zn-Ag-As-Ba signature, which may be ofinterest.

Historyand Geological Setting

Vancouver Island is dominated byrocks of the Wrangellia Terrane, which is interpreted to represent a PaleozoicIsland Arc assemblage, accreted to the North American content about 100 millionyears ago.  Mid-Devonian volcanic rocks of the Sicker Group, representingthe basement of this complex, are the oldest rocks on Vancouver Island and areexposed in four major structural uplifts – Buttle Lake, Beddington, Nanoose,and Cowichan Lake.  The North Claims lie toward the southeast end of theCowichan Lake Uplift, along the north shore of the east end of Cowichan Lake.  In the Cowichan Lake Uplift, the Sicker comprises three distinct volcanic/ volcaniclastic assemblages – the Duck Lake Formation as the oldest member andoverlain by the Nitnat Formation, which in turn is overlain, possiblyunconformably, by the McLaughlin Ridge Formation. 

Volcanic rocks of the Sicker Group are highly prospectivefor economically viable volcanogenic massive sulphide (VMS) deposits, which arethe primary exploration target on the North Claims.   As a group,these deposits are rich in copper and zinc and also carry significant gold andsilver values. 

The most significant mineral deposit in the Sicker Group isthe Myra Falls mine, a world class deposit located in the Buttle Lake Uplift.Other significant deposits, notably the Lara and Mount Sicker deposits, arelocated in the southeast part of the Cowichan Lake uplift, several kilometersnortheast of the North Claims and separated from the property by a majorgeologic fault.

Massivesulphide mineralization was first discovered in the Sicker Group with the Mount Sicker discoveries in the late 1800s.  Production was from one main ore body viathree separate underground mines (Tyee, Lenora and Richard III), which operatedfor several years. These mines were subsequently amalgamated and re-operated asthe Twin J mine from 1942 to 1952.  Production from the Tyee mine (1901 –09) totaled 5,840,593 kilograms copper and 13,725,069 grams silver, and 762,553grams gold from 152,668 tonnes mined.  The Buttle Lake mine, which hasbeen in operation since 1966, currently produces approximately 1 millioncqui ofore per year.  Over the 39 years to 2005, the mine yielded 24 million cquiwith an average grade of 1.8% copper, 5.0% zinc, 2g/T gold and 52g/T silver.The Lara deposit, discovered in the mid-1980s, contains a drill indicatedresource of 528,839 tonnes grading 1.01% copper, 1.22% lead, 5.87% zinc, 100.09g/T sliver and 4.73 g/T gold. 

F-14

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Discoveryof the Lara deposit and ongoing interest in the nearby Mount Sicker deposits,all of which are hosted in felsic volcanic rocks of the McLaughlin Ridgeformation, stimulated significant interest and exploration activity in theCowichan uplift during the mid-to late 1980s.  During this period theStriker Property, comprising 31 contiguous mineral claims (528 units) andextending along virtually the entire north shore of Cowichan Lake, was exploredby Utah Mines.  This property is underlain predominantly by the SickerGroup, with Nitnat rocks dominant in the western part of the property andMcLaughlin Ridge sediments and volcanics dominant in the east.  Work onthis property is documented in a number of BC government assessment reports,from which the following descriptions are derived.  McLaughlin Ridgerocks, as mapped, divide grossly into 3 units, dominated by diverse sedimentarylithologies with volcanic members, particularly lower in the sequence. Volcanic rocks are described as interbedded lithic and crystal tuff,cherty dust tuff, chert and minor lapilli tuff.  The lower unit consistsof fine-grained andesitic lithic crystal tuffs and cherty tuffs with local coarselapilli beds and dacitic tuff units.  

Exploration on the Striker property included airbornegeophysics, with ground follow-ups and grid work in selected areas in theeastern part of the property because of the distribution of geophysical andgeochemical targets. While massive sulphides were not encountered, encouragingmineralization of various types was noted, including exhalative horizons, whichoccasionally contain anomalous molybdenum, copper and silver.  Significantbarium, silver, molybdenum and zinc values are also associated withsyndepositional pyrite in argillite units and significantgold-silver-copper-zinc values are associated with several structures. Anomalous silt and heavy metal values (copper-lead-zinc-silver-gold) werealso identified.  The latest assessment report on the Striker propertyrecommended further, more detailed work in the eastern part of the propertyincluding detailed mapping, sampling, trenching and limited drilling.  TheNorth Property occupies a portion of the eastern half of the old Strikerproperty.

The Cowichan Lake area generally, has been the subject of mineral exploration since the late1800s and a large number and variety of mineral showings in the area aredocumented in B.C. government Minfile records.  Massey and Friday (1986)grouped Cowichan area mineral showings into five categories:

       1.  Volcanogenicgold-bearing massive sulphides (Sicker Group Kuroko deposits).

       2.  Gold-bearing,pyrite-chalcopyrite-quart-carbonate veins along shears, which are quite commoncutting Sicker Group and Karmutsen Formation sills north of Cowichan Lake.

       3.  Epithermalgold-silver deposits within Bonanza Group volcanics.

       4.  Copper skarnsdeveloped in limy sediments apparently interbedded with basalts of theKarmutsen formation.

F-15

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       5. Copper-molybdenum quarts veins in granodiorite and adjacent country rock onseveral properties.  Chalcopyrite and pyrite, with or without molybdeniteare the principle sulphides and minor sphalerite, galena and arsenopyrite arealso reported.

Propertyand Claim Position

The North Claim site encompasses two adjoining mineraltenures which form one parcel. The North property is in the Victoria miningdivision of British Columbia and lies on the north shore of Cowhichan lake in southernVancouver Island about 30km west of the town of Duncan and 10km east of thetown of Lake cowichan. 

F-16

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F-17

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**Geology Northof Cowichan Lake Including North Property**

F-18

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**Conditionsto Retain Title to the Claims**

The mineral titles are subject to annual renewal andgovernment permits for specific field work.  The claims are valid untiltheir next anniversary date of August 28, 2010.  They can be renewedindefinitely by performance and recording of assessment work as defined in theMineral Act (B.C.) or by payment of cash in lieu of work.  Work or cashpayment of the equivalent of CAN$4.00 per hectare or approximately $2,500 foreach of the first, second and third anniversary years, and the equivalent ofCAN$8.00 per hectare for each subsequent anniversary year is required.Contiguous claims may be grouped for purposes of applying the value of workfrom the site of work to other claims. Failure to perform and record validexploration work or pay the equivalent sum to the Province of British Columbia on the anniversary dates will result in forfeiture of title to the claim.

**PresentCondition of the Claims**

The Claims were staked on August 28, 2007 by Mr. JagSandhu, our President, Chief Executive Officer and a director, on behalf of theCompany. Mr. Sandhu subsequently transferred the claims to Nava Canada, the current claim holder.  The Claims were staked to acquire a position in theSicker Group, a sequence of volcanic rocks known to be very prospective for theoccurrence of polymetallic volcanogenic massive sulphide deposits (VMS),commonly referred to as Kuroko type deposits.

Our objective is to conduct exploration activities on theNorth Claims to assess whether they possess evidence of mineralizationsufficient to merit further exploration activities.  The North Claims arewithout known reserves.  

**CompetitiveConditions**

The mineral exploration business is an extremelycompetitive industry. We are competing with many other exploration companieslooking for minerals.  We are a very early stage mineral explorationcompany and a very small participant in the mineral exploration business. Beinga junior mineral exploration company, we compete with other companies like oursfor financing and joint venture partners. Additionally, we compete forresources such as professional geologists, camp staff, helicopters and mineralexploration supplies. 

**GovernmentApprovals and Recommendations**

We will be required to comply with all regulations definedin the British Columbia Mineral Tenure Act for the Province of British Columbia (the “Act”). The Act sets forth rules for:

-     locating claims
- posting claims
- working claims
- reporting work    performed

F-19

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We also have to comply with the British Columbia MineralExploration Code which dictates how and where we can explore forminerals.  We must comply with these laws to operate our business. Compliance with these rules and regulations will not adversely affect our operations. In order to explore for minerals on our mineral claim we must submit ourexploration plan for review.  We believe that our exploration plan asdescribed below will be accepted and an exploration permit will be issued toour agent or us. The exploration permit is the only permit or license we willneed to explore for precious and base minerals on the mineral claim. 

We will be required to obtain additional work permits fromthe British Columbia Ministry of Energy and Mines for any exploration work thatresults in a physical disturbance to the land.  Accordingly, we may berequired to obtain a work permit depending on the complexity and affect on theenvironment if we proceed beyond the exploration work contemplated by ourproposed exploration programs.  The time required to obtain a work permitis approximately four weeks.  We will incur the expense of our consultantsto prepare the required submissions to the Ministry of Energy and Mines. We will be required by the Mining Act to undertake remediation work on any workthat results in physical disturbance to the land.  The cost of remediationwork will vary according to the degree of physical disturbance.  Noremediation work is anticipated as a result of completion of Stage One andStage Two of our exploration program.

We have budgeted for regulatory compliance costs in theproposed exploration program recommended by the MineStart report.  Asmentioned above, we will have to sustain the cost of reclamation andenvironmental remediation for all exploration and other work undertaken. The amount of reclamation and environmental remediation costs are not known atthis time as we do not know the extent of the exploration program that will beundertaken beyond completion of the recommended exploration program.  Becausethere is no information on the size, tenor, or quality of any mineral resourceat this time, it is impossible to assess the impact of any capital expenditureson earnings or our competitive position in the event a potential mineraldeposit is discovered.

If we enter into substantial exploration, the cost ofcomplying with permit and regulatory environment laws will be greater than inStages One and Two because the impact on the project area is greater. Permits and regulations will control all aspects of any program if the projectcontinues to that stage because of the potential impact on theenvironment.  We may be required to conduct an environmental reviewprocess under the British Columbia Environmental Assessment Act if we determineto proceed with a substantial project.  An environmental review is notrequired under the Environmental Assessment Act to proceed with the recommendedStage One and Two exploration programs on our North Claims.

Costsand Effects of Compliance with Environmental Laws

We currently have no costs to comply with environmentallaws concerning our exploration program.

We will have to sustain the cost of reclamation andenvironmental remediation for all work undertaken which causes sufficientsurface disturbance to necessitate reclamation work.  Both reclamation andenvironmental remediation refer to putting disturbed ground back as close toits original state as possible.  Other potential pollution or damage mustbe cleaned-up and renewed along standard guidelines outlined in the usualpermits.  Reclamation is the process of bringing the 

F-20

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land back to a natural state after completion ofexploration activities.  Environmental remediation refers to the physicalactivity of taking steps to remediate, or remedy, any environmental damagecaused, i.e. refilling trenches after sampling or cleaning up fuelspills.  Our initial programs do not require any reclamation orremediation other than minor clean up and removal of supplies because ofminimal disturbance to the ground.  The amount of these costs is not knownat this time as we do not know the extent of the exploration program we willundertake, beyond completion of the recommended phases.  Because there ispresently no information on the size, tenor, or quality of any resource orreserve at this time, it is impossible to assess the impact of any capitalexpenditures on our earnings or competitive position in the event a potentiallyeconomic deposit is discovered.

Employees

We currently have no employees other than our officers anddirectors. We intend to retain the services of geologists, prospectors andconsultants on a contract basis to conduct the exploration programs on ourmineral claims and to assist with regulatory compliance and preparation offinancial statements.

**Research and Development Expenditures**

We have not incurred any research or development expenditures since ourincorporation.

**Subsidiaries**

Nava Resources Canada Inc. (“Nava Canada”) is a 100% owned subsidiary ofNava Resources Inc.

**Patents and Trademarks**

We do not own, either legally or beneficially, any patent or trademark.

**Plan of Operation**

Our plan of operation for thenext twelve months is to complete the following objectives within the timeperiods specified, subject to our obtaining any additional funding necessaryfor the continued exploration of our mineral claims. We have enough funds tocomplete our Phase One exploration program and possibly Phase Two depending onscope and costs.

1.  Since the next anniversarydate of the Claims is August 28, 2010 we will need to arrange  exploration workworth approximately $2,500 or pay the Province of British Columbia $2,518 inlieu of filing exploration expenses in order to keep the Claims in goodstanding.

2.  As recommended by MineStart,we commenced the Phase One program starting in June 2008. Work performedconsisted of a prospecting traverse of about 5.5 kilometers, primarily withinNorth 2, but overlapping into the southwest corner of North 1.  This representsan area of about 62 ha, broadly prospected.  The area prospected is covered byan extensive layer of boulder till, best exposed locally along Youbou Road and in stream cuts.  Outcrops in this area are probably minimal; none werelocated during the traverse.  A total of 30 samples were taken formulti-element 

F-21

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lithogeochemical analysis.  Thesesamples are from both sub-crop (along road cuts close to Youbou Road anddrainage ways) and float.  All samples are intermediate to possibly mafic incomposition, weakly to moderately foliated, and fine to medium grained,probably representing a mix of fine pyroclastics and intrusive equivalents. Samples exhibited no visible signs of mineralization, veining or hydrothermalalteration.

Though not visibly mineralizedsamples were analyzed geochemically for a multi-element suite (37 elements) inorder to accrue a foundation of lithogeochemical data in anticipation of moredetailed work, and to test for the presence of anomalous Cu-Pb-Zn-Ag-Au-Ba-As,potential pathfinders for Kuroko type environments. Samples were sent to AcmeLabs in Vancouver, crushed to 200  mesh, and processed by Aqua Regia digestionCCP-MS analysis.  Gold was also determined by fire assay fusion by ICP-ES.  Nosignificant anomalies were identified in the pathfinder suite.  However, thefirst three samples demonstrate a weakly anomalous Cu-Pb-Zn-Ag-As-Ba signature,which may be of interest.

3.  We will further review the PhaseOne results and decide if we will plan and conduct a Phase Two programbeginning in June 2010.  Timing of this program will to some extent bedependent on permitting requirements. This program, estimated to cost from$25,000 to $75,000 depending on scope, may include geological mapping, ageochemical survey, trenching, sampling and analysis. 

4.  In the case that the PhaseTwo exploration program takes place, we will review its results in September2010.  Further work on the property may be undertaken if justified by theresults of Phase Two. A joint venture relationship may be explored at some futurepoint as justified to offset the costs of continued exploration and drilling ifwarranted.

We may consider entering into ajoint venture partnership by linking with a major resource company to providethe required funding to complete exploration beyond Phase Two. We have notundertaken any efforts to locate a joint venture partner at this point. If weenter into a joint venture arrangement, we will assign a percentage of ourinterest in our mineral claims to the joint venture partner.

5. On April 16, 2009, we enteredinto a Strategic Alliance with Fremont Exploration, Inc., (“Fremont”) an Oklahoma City, Oklahoma based independent oil and gas exploration and production company. The Strategic Alliance will expose Nava to several attractive investmentopportunities and should allow Nava to accelerate its growth and value creationprograms.  The initial transaction of the Strategic Alliance is Nava’scommitment to participate with Fremont in the exploitation of eight specificwell defined production enhancement and/or redevelopment projects in Runnels County, Texas.  Runnels County, Texas is located on the Eastern Shelf of the Permian Basin in West Central Texas. The Permian Basin is one of the major oil producingregions of the United States. Nava and Fremont have executed a Letter of Intentcovering the initial project.  It is the intent of both companies to close thistransaction as soon as they can and to commence redevelopment activitiesimmediately thereafter.  Nava’s working interest in these eight projects willbe up to 40%. After completion of the initial eight projects, Nava will havethe right but not the obligation to participate with Fremont in additionalreserve and production growth projects in Runnels County, Texas. 

6. We will also be evaluating otheropportunities that might be brought to our attention. 

F-22

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**Results of Operations**

|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                    |   |          Three months  ended  March 31,  2010  (Unaudited)                                                                                    |   |   |          Three months  ended  March 31,  2009  (Unaudited)                                                                                    |   |   |          Nine months  ended  March 31,  2010   (Unaudited)                                                                               |   |   |          Nine months  ended  March 31,  2009   (Unaudited)                                                                               |   |   |    Accumulated from July 21, 2005 (date of inception)  to March 31,  2010      (Unaudited)                                          |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **EXPENSES**                                                                                                                                                                                                                                                                                                                                                                                                                           |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |        |                                                                                                                                                              |        |
|       Amortization                                                                                                                                                                                                                                                                                                                                                                                            |   | $               28                                                                     |   |   | $               50                                                                     |   |   | $               97                                                                     |   |   | $             175                                                                                |   |   | $             1,093                                                                              |   |
|       Consulting                                                                                                                                                                                                                                                                                                                                                                                              |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | 16,000                                                                                                                                                       |   |
|      Consulting – stock based compensation                                                                                                                                                                                                                                                                                                                                                                   |   | -                                                                                                                                                            |   |   | -                                                                                                                                                            |   |   | 1,399                                                                                                                                                        |   |   | -                                                                                                                                                            |   |   | 1,399                                                                                                                                                        |   |
| Exploration costs                                                                                                                                                                                                                                                                                                                                                                                                                      |   | -                                                                                                                                                            |   |   |    -                                                                                                                                               |   |   | -                                                                                                                                                            |   |   | 4,100                                                                                                                                                        |   |   | 12,026                                                                                                                                                       |   |
|       Office and miscellaneous                                                                                                                                                                                                                                                                                                                                                                                |   | 74                                                                                                                                                           |   |   | 1,736                                                                                                                                                        |   |   | 770                                                                                                                                                          |   |   | 2,160                                                                                                                                                        |   |   | 8,112                                                                                                                                                        |   |
| Professional fees                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2,387                                                                                                                                                        |   |   | 1,544                                                                                                                                                        |   |   | 10,227                                                                                                                                                       |   |   | 16,128                                                                                                                                                       |   |   | 72,387                                                                                                                                                       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                            |   |   |                            |   |   |                            |   |   |                            |   |   |                            |   |
| **Operating loss**                                                                                                                                                                                                                                                                                                                                                                                                                     |   | (2,489)                                                                                                                                                      |   |   | (3,330)                                                                                                                                                      |   |   | (12,493)                                                                                                                                                     |   |   | (22,563)                                                                                                                                                     |   |   |     (111,017)                                                                                                                                 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **Other item**                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
|       Interest income                                                                                                                                                                                                                                                                                                                                                                                         |   |                  10                                 |   |   |                177                                            |   |   |                  79                                 |   |   |   1,144                                                                                                                                            |   |   | 8,081                                                                                                                                                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
| **NET AND COMPREHENSIVE LOSS**                                                                                                                                                                                                                                                                                                                                                                                                         |   | $       (2,479)                                                                                                                |   |   | $       (3,153)                                                                                                                |   |   | $     (12,414)                                                                                                                           |   |   | $     (21,419)                                                                                                                           |   |   | $      (102,936)                                                                                                                    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |   |                                                                                                                                                         |   |

| **BASIC AND DILUTED LOSS****PER SHARE**                                                                                                        |   |    $         (0.00) |   |   |    $        (0.00) |   |   |    $         (0.00) |   |   |    $        (0.00) |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|--------|--------|------------------------------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                           |   |                                                             |   |   |                                                       |   |   |                                                             |   |   |                                                       |   |   |   |   |
| **WEIGHTED  AVERAGE NUMBER OF   SHARES OUTSTANDING: **                                                                                    |   |                                                             |   |   |                                                       |   |   |                                                             |   |   |                                                       |   |   |   |   |
| **BASIC AND  DILUTED                    ** |   | 12,263,604                                                       |   |   | 12,226,104                                                 |   |   | 12,242,771                                                       |   |   |  12,226,104                                           |   |   |   |   |

*Revenues*

We have had no operating revenues since ourinception on July 21, 2005 to March 31, 2010. We anticipate that we will notgenerate any revenues for so long as we are an exploration stage company. 

*General and Administrative Expenses*

Our general and administrative expenses in the ninemonths ended March 31, 2010 decreased to $12,493 from $22,563 in the nine monthsended March 30, 2009, primarily as a result of reduction in exploration costsand professional fees.

F-23

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*Mineral Property Costs*

In the nine months ended March 31, 2010, weincurred nil mineral property costs compared to mineral property costs of $4,100in the nine months ended March 31, 2009. We expense our mineral property costsas they are incurred.

*Rent*

Our office space is being provided by our Chief Financial Officer, JohnnyAstorino, free of charge. There is no assurance that Mr. Astorino will continueto provide the office space free of charge.

*Net Loss*

As a result of the above, our net loss for the nine months ended March 31,2010 was $12,414 as compared to $21,419 in the nine months ended March 31, 2009.

**Liquidity and Capital Resources**

At March 31, 2010, we had cash of $91,200 and a working capital of $86,358.During the 12 month period following the date of this quarterly report, weanticipate that we will not generate any revenue. We believe that we haveenough cash on hand to complete our Phase One exploration program and commencea fairly basic Phase Two program. If the results of the Phase One areparticularly encouraging, we may wish to raise additional funds for a more indepth Phase Two program starting in September 2010. Additional funds will needto be raised to support work that may be undertaken subsequent to Phase Two.

If additional funds are required,the additional funding will likely come from equity financing from the sale ofour common stock or sale of part of our interest in our mineral claims. If weare successful in completing an equity financing, existing shareholders willexperience dilution of their interest in our Company. We do not have anyfinancing arranged and we cannot provide investors with any assurance that wewill be able to raise sufficient funding from the sale of our common stock tofund our exploration activities. In the absence of such financing, our businesswill likely fail.

*Going Concern*

We have not generated anyrevenues since inception. As of March 31, 2010, the Company had accumulatedlosses of $102,936. Our financial statements contain additional note disclosuresdescribing the circumstances that lead to this disclosure by our independentauditors. Our financial statements do not include any adjustments related tothe recoverability or classification of asset-carrying amounts or the amountsand classifications of liabilities that may result should the Company be unableto continue as a going concern.

F-24

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**Off-Balance Sheet Arrangements**

We have no off-balance sheetarrangements including arrangements that would affect our liquidity, capitalresources, market risk support and credit risk support or other benefits.

**Critical Accounting Policies**

Our financial statements and accompanying noteshave been prepared in accordance with United States generally acceptedaccounting principles and are expressed in U.S. dollars. For changes inaccounting policies, please see Note 3 to our financial statements for ourquarter ended March 31, 2010, which are included in this quarterly report.

**Item 3. Quantitative and Qualitative DisclosuresAbout Market Risk**

A smaller reporting company, asdefined by Item 10 of Regulation S-K, is not required to provide theinformation required by this item.

**Item 4. Controls and Procedures**

Under thesupervision and with the participation of our management, including our ChiefExecutive Officer and Chief Financial Officer, we evaluated the effectivenessof our disclosure controls and procedures (as defined inRules 13a-15(e) and 15d-15(e) under the Securities Exchange Actof 1934, as amended (the “Exchange Act”)) as of March 31, 2010. Based upon thatevaluation, our Chief Executive Officer and Chief Financial Officer concludedthat our disclosure controls and procedures were effective as of March 31, 2010.

**Management report on Internal Control over Financial Reporting**

Our management is responsible for establishing andmaintaining adequate internal control over financial reporting. Internalcontrol over financial reporting is defined in Rule 13a-15(f) and15d-15(f) under the Exchange Act as a process designed by, or under thesupervision of, a company’s principal executive and principal financialofficers and effected by the company’s board of directors, management and otherpersonnel to provide reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for externalpurposes in accordance with generally accepted accounting principles andincludes those policies and procedures that:

-   pertain to the maintenance of records that in reasonable detail accurately and      fairly reflect the transactions and dispositions of the assets of the Company; 

    - provide reasonable assurance that transactions are recorded as necessary to      permit preparation of financial statements in accordance with generally      accepted accounting principles, and that receipts and expenditures of the      Company are being made only in accordance with authorizations of management and      directors of the Company; and
    -  provide reasonable assurance regarding prevention or timely detection of      unauthorized acquisition, use or      disposition of the Company’s assets that could      have a material effect on the financial statements

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Management acknowledges itsresponsibility for establishing and maintaining adequate internal controls overfinancial reporting. We are not in compliance with Section 404 of theSarbanes-Oxley Act of 2002, but intend to commence shortly the system andprocess of documentation and evaluation needed to comply with Section 404.

**Changes in InternalControls over Financial Reporting**

There have been no changes in theCompany's internal control over financial reporting during the last quarterlyperiod covered by this report that have materially affected, or are reasonablylikely to materially affect, the Company's internal control over financialreporting.

**PART II - OTHER INFORMATION**

**Item 1. Legal Proceedings**

We currently are not a party to any material legal proceedings and, to ourknowledge, no such proceedings are threatened or contemplated.

**Item 1A. Risk Factors**

There have beenno material changes to the risks to our business described in our Annual Reporton Form 10-K for the year ended June 30, 2009 filed with the SEC on September16, 2009.

**Item 2. Unregistered Sales of Equity Securitiesand Use of Proceeds**

***Unregistered Sales of Equity Securities***

None

***Purchases of equity securities by the issuer andaffiliated purchasers***

None.

**Item 3. Defaults Upon Senior Securities**

None.

**Item 4. Submission of Matters to a Vote ofSecurities Holders**

None.

F-26

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**Item 5. Other Information**

On October 26, 2009, the Board of Directors of the Company adopted the NavaResources, Inc. 2009  Stock Incentive Plan (the “Stock Plan”) and reserved10,000,000 shares to be issued under the Stock Plan.

**Item 6. Exhibits**

| Exhibit | Description                                                                        |
|---------|------------------------------------------------------------------------------------|
| 3.1     | Articles  of Incorporation of Registrant*                                          |
| 3.2     | Bylaws  of the Registrant*                                                         |
| 3.3     | Articles  of Incorporation of Nava Resources Canada, Inc.*                         |
| 3.4     | Certificate  of Amendment to Articles of Incorporation of Registrant*              |
| 4.0     | Stock  Plan                                                                        |
| 4.1     | Specimen  Common Stock Certificate*                                                |
| 4.2     | Form  of Regulation S Subscription Agreement for Shares of Common Stock*           |
| 4.3     | Form  of Regulation S Subscription Agreement for Units*                            |
| 4.4     | Form  of Warrant Certificate*                                                      |
| 10.1    | Bill  of Sale of North Claim 1 to Jag dated August 22, 2007*                       |
| 10.2    | Bill  of Sale of North Claim 2 to Jag dated August 22, 2007*                       |
| 10.3    | Mineral  Tenure Bill of Sale Completion for North Claim 1 dated November 22, 2007* |
| 10.4    | Mineral  Tenure Bill of Sale Completion for North Claim 2 dated November 22, 2007* |
| 21.1    | Subsidiaries  of Registrant                                                        |
| 31.1    | Rule 13a-14(a)/15d14(a)  Certifications                                            |
| 31.2    | Rule 13a-14(a)/15d14(a)  Certifications                                            |
| 32.     | Section 1350 Certifications                                                        |
| 99.1    | Report  of MineStart Management Inc. dated December 7, 2007*                       |

* Incorporated by reference to theregistration statement on Form S-1, as filed by the Company with the Securitiesand Exchange Commission on May 1, 2008.

F-27

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**SIGNATURES**

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

**NAVA RESOURCES INC.**

| By:    | */s/Jag Sandhu*                                                                                                   |
|--------|-------------------------------------------------------------------------------------------------------------------|
|   | JagSandhuPresident,Chief Executive Officer, and a director (Principal Executive Officer)Date:May 10, 2010         |
|   |                                                                                                              |
| By:    |  /s/ *Johnny Astorino*                                                                                       |
|   | JohnnyAstorinoChiefFinancial Officer, and Secretary (Principal Financial and Accounting Officer)Date:May 10, 2010 |

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