| Nevada (State or other jurisdiction of incorporation or organization)                                                                        | 27-0686507(I.R.S. Employer Identification No.) |
|---------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|
|                                                                                                                                              |
| 10757 South River Front Parkway, Suite 125, South Jordan, UT   84095(Address of principal executive offices)  (Zip Code) |
|                                                                                                                                              |
| (801) 816-2520(Registrant's telephone number, including area code)                                                                                |
|                                                                                                                                              |
|                                                                                                                                              |
|                                                                                                                                              |
|  (Former Address if Changed Since Last Report)                                                                                               |
|                                                                                                                                              |

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Table of Contents

TABLE OF CONTENTS

|                                                                                 |   | Page No.  |
|--------------------------------------------------------------------------------------|--------|----------------|
| PART I – FINANCIAL INFORMATION                                            |   |           |
| Item 1.  Financial Statements                                              |   | 2         |
| Item 2.  Management's Discussion and Analysis                              |   | 13        |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk              |   | 17             |
| Item 4T.  Controls and Procedures                                          |   | 17             |
|  PART II – OTHER INFORMATION                                         |   |           |
| Item 1.  Legal Proceedings                                            |   | 17        |
| Item 1A.  Risk Factors                                                |   | 17             |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds  |   | 22        |
| Item 3.  Defaults Upon Senior Securities                              |   | 22        |
| Item 4.  Submission of Matters to a Vote of Security Holders          |   | 22        |
| Item 5.  Other Information.                                           |   | 22             |
| Item 6.  Exhibits                                                     |   | 23        |

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Table of Contents

PART I 

Item 1.

| CONTENTS                                              |
|------------------------------------------------------------|
| Balance Sheets                                        |   | 3 |
| Statements of Operations                              |   | 4 |
| Statements of Changes in Stockholders’ Deficit  |   | 5 |
| Statements of Cash Flows                              |   | 6 |
| Notes to the Financial Statements                     |   | 7 |

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Table of Contents

| ALTO GROUP HOLDINGS INC.                                                   |   |
|----------------------------------------------------------------------------|--------|
| (an exploration stage company)                                             |   |
| BALANCE SHEETS                                                             |   |
|                                                                       |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
| ASSETS                                                                     |   |
|                                                                       |   | August 31, |   |   | November 30, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |
|                                                                       |   | (Unaudited) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
| CURRENT ASSETS                                                             |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
| Cash and cash equivalents                                                  |   | $ | 32,710 |   |   | $ | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Assets                                                       |   |   | 32,710 |   |   |   | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                               |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Mining assets                                                              |   |   | 45,500 |   |   |   | - |   |
| Mineral property acquistion costs, less reserve                            |   |   |   |   |   |   |   |   |
|   for impairment of $6,500                                       |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Other Assets                                                         |   |   | 45,500 |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                               |   | $ | 78,210 |   |   | $ | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                      |   |
|                                                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                        |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                   |   | $ | 119,610 |   |   | $ | 8,886 |   |
| Due to related parties                                                     |   |   | 120,539 |   |   |   | 28,539 |   |
| Notes payable, less unamortized debt discount                              |   |   |   |   |   |   |   |   |
|  of $32,048 and $-0-, respectively                                    |   |   | 45,452 |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Liabilities                                                  |   |   | 285,601 |   |   |   | 37,425 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                          |   |   | 285,601 |   |   |   | 37,425 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                      |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Preferred stock, $0.00001 par value; 100,000,000 shares                    |   |   |   |   |   |   |   |   |
|   authorized, 14,000,000 and -0- shares issued,                  |   |   |   |   |   |   |   |   |
|   and outstanding, respectively                                  |   |   | 140 |   |   |   | - |   |
| Common stock, $0.00001 par value; 100,000,000 shares                       |   |   |   |   |   |   |   |   |
|   authorized, 75,013,332 and 79,680,000 shares issued            |   |   |   |   |   |   |   |   |
|   and outstanding and to be issued, respectively                 |   |   | 750 |   |   |   | 797 |   |
| Additional paid-in capital                                                 |   |   | 3,135,552 |   |   |   | 91,209 |   |
| Deficit accumulated during the exploration stage                           |   |   | (3,343,833 | ) |   |   | (128,856 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                |   |   | (207,391 | ) |   |   | (36,850 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                |   | $ | 78,210 |   |   | $ | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |
|                                                                       |   |   |   |   |   |   |   |   |

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Table of Contents

| ALTO GROUP HOLDINGS INC.                                                   |
|----------------------------------------------------------------------------|
| (an exploration stage company)                                             |
| STATEMENTS OF OPERATIONS                                                   |
| (Unaudited)                                                                |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |  From Inception |
|                                                                       |   |   |   |   |   |   |   |   |   |   |  on September 21, |
|                                                                       |   |   | For the Three Months Ended |   | For the Nine Months Ended |   | 2007 Through |
|                                                                       |   |   |  August 31, |   |  August 31, |   | August 31, |
|                                                                       |   |   | 2010 |   | 2009 |   | 2010 |   | 2009 |   | 2010 |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| NET REVENUES                                                               |  $                               - |   |  $                               - |   |  $                               - |   |  $                               - |   |  $                                  - |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Exploration and carrying costs |                           9,750 |   |                                    - |   |                           9,750 |   |                                    - |   |                            12,375 |
|                                                                       | Consulting services |                        46,000 |   |                                    - |   |                  2,954,000 |   |                                    - |   |                     2,954,000 |
|                                                                       | Professional fees |                          51,001 |   |                                    - |   |                       234,081 |   |                                    - |   |                         234,081 |
|                                                                       | General and administrative |                              1,118 |   |                             4,811 |   |                           8,957 |   |                         19,758 |   |                          110,288 |
|                                                                       | Donated services |                                    - |   |                           2,400 |   |                                    - |   |                           7,200 |   |                            18,400 |
|                                                                       | Impairment of mineral property |   |   |   |   |   |   |   |   |   |
|                                                                       |   acquisition costs |                                    - |   |                                    - |   |                                    - |   |                                    - |   |                             6,500 |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   | Total Operating Expenses |                       107,869 |   |                             7,211 |   |                  3,206,788 |   |                        26,958 |   |                     3,335,644 |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |                     (107,869) |   |                           (7,211) |   |                (3,206,788) |   |                      (26,958) |   |                   (3,335,644) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| OTHER INCOME (EXPENSES)                                                    |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Interest expense |                           (8,117) |   |                                    - |   |                          (8,189) |   |                                    - |   |                            (8,189) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   | Total Other Income (Expenses) |                           (8,117) |   |                                    - |   |                          (8,189) |   |                                    - |   |                            (8,189) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE INCOME TAXES                                                   |                      (115,986) |   |                           (7,211) |   |                 (3,214,977) |   |                      (26,958) |   |                   (3,343,833) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| INCOME TAX EXPENSE                                                         |                                    - |   |                                    - |   |                                    - |   |                                    - |   |                                       - |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |  $                 (115,986) |   |  $                      (7,211) |   |  $            (3,214,977) |   |  $                 (26,958) |   |  $              (3,343,833) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| BASIC AND FULLY DILUTED:                                                   |   |   |   |   |   |   |   |   |   |
|                                                                       | Net loss per common share |  $                      (0.00) |   |  $                      (0.00) |   |  $                      (0.04) |   |  $                      (0.00) |   |  $                         (0.04) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       | Weighted average shares outstanding |                 75,013,332 |   |                79,680,000 |   |                 73,178,783 |   |                79,680,000 |   |                  77,694,746 |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |

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Table of Contents

| ALTO GROUP HOLDINGS INC.                                                   |   |
|----------------------------------------------------------------------------|--------|
| (an exploration stage company)                                             |   |
| STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)                               |   |
| For the period from Inception (September 21, 2007) to August 31, 2010      |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   |   |   |   | During the |   |   |   |   |
|                                                                       |   | Preferred Stock |   |   | Common Stock |   |   | Paid-in |   |   | Subscriptions |   |   | Exploration |   |   |   |   |
|                                                                       |   | Shares |   |   | Amount |   |   | Shares |   |   | Amount |   |   | Capital |   |   | Receivable |   |   | Stage |   |   | Total |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at Inception on                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   September 21, 2007                                             |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares sold for cash                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   at $0.000125 per share                                         |   |   | - |   |   |   | - |   |   |   | 48,000,000 |   |   |   | 480 |   |   |   | 5,520 |   |   |   | - |   |   |   | - |   |   |   | 6,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common shares sold for cash                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   at $0.00125 per share                                          |   |   | - |   |   |   | - |   |   |   | 31,680,000 |   |   |   | 317 |   |   |   | 39,283 |   |   |   | (4,500 | ) |   |   | - |   |   |   | 35,100 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Donated services and expenses                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,400 |   |   |   | - |   |   |   | - |   |   |   | 2,400 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   November 30, 2007                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,772 | ) |   |   | (5,772 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2007                                                 |   |   | - |   |   |   | - |   |   |   | 79,680,000 |   |   |   | 797 |   |   |   | 47,203 |   |   |   | (4,500 | ) |   |   | (5,772 | ) |   |   | 37,728 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock subscriptions collected                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,500 |   |   |   | - |   |   |   | 4,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Donated services and expenses                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,600 |   |   |   | - |   |   |   | - |   |   |   | 9,600 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   November 30, 2008                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (64,689 | ) |   |   | (64,689 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2008                                                 |   |   | - |   |   |   | - |   |   |   | 79,680,000 |   |   |   | 797 |   |   |   | 56,803 |   |   |   | - |   |   |   | (70,461 | ) |   |   | (12,861 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Donated services and expenses                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,400 |   |   |   | - |   |   |   | - |   |   |   | 6,400 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Forgiveness of due to related party by                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   then majority stockholder on                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   September 15, 2009                                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 28,006 |   |   |   | - |   |   |   | - |   |   |   | 28,006 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   November 30, 2009                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (58,395 | ) |   |   | (58,395 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2009                                                 |   |   | - |   |   |   | - |   |   |   | 79,680,000 |   |   |   | 797 |   |   |   | 91,209 |   |   |   | - |   |   |   | (128,856 | ) |   |   | (36,850 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion of common stock                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   to preferred stock A (unaudited)                               |   |   | 14,000,000 |   |   |   | 140 |   |   |   | (48,000,000 | ) |   |   | (480 | ) |   |   | 360,340 |   |   |   | - |   |   |   | - |   |   |   | 360,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock to be issued for                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   acquistion of mining assets (unaudited)                        |   |   | - |   |   |   | - |   |   |   | 10,000,000 |   |   |   | 100 |   |   |   | 45,400 |   |   |   | - |   |   |   | - |   |   |   | 45,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   services (unaudited)                                           |   |   | - |   |   |   | - |   |   |   | 33,333,332 |   |   |   | 333 |   |   |   | 2,599,667 |   |   |   | - |   |   |   | - |   |   |   | 2,600,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Intrinsic value of beneficial conversion                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| feature relating to issuance of $50,000                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  prommissory note on July 14, 2010                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 38,936 |   |   |   | - |   |   |   | - |   |   |   | 38,936 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the nine months ended                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   August 31, 2010 (unaudited)                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,214,977 | ) |   |   | (3,214,977 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, August 31, 2010 (unaudited)                                       |   |   | 14,000,000 |   |   | $ | 140 |   |   |   | 75,013,332 |   |   | $ | 750 |   |   | $ | 3,135,552 |   |   | $ | - |   |   | $ | (3,343,833 | ) |   | $ | (207,391 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these finanical statements. |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| ALTO GROUP HOLDINGS INC.                                                   |   |
|----------------------------------------------------------------------------|--------|
| (an exploration stage company)                                             |   |
| STATEMENTS OF CASH FLOWS                                                   |   |
| (Unaudited)                                                                |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   | From Inception |   |
|                                                                       |   |   |   |   |   |   |   | on September 21, |   |
|                                                                       |   | For the Nine Months Ended |   |   | 2007 Through |   |
|                                                                       |   | August 31, |   |   | August 31, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |   | 2010 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                      |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
| Net loss                                                                   |   | $ | (3,214,977 | ) |   | $ | (26,958 | ) |   | $ | (3,343,833 | ) |
| Adjustments to reconcile net loss to net                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|  cash used by operating activities:                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for services                                                  |   |   | 2,960,000 |   |   |   | - |   |   |   | 2,960,000 |   |
| Amortization of debt discount                                              |   |   | 6,888 |   |   |   | - |   |   |   | 6,888 |   |
| Donated services and expenses                                              |   |   | - |   |   |   | 7,200 |   |   |   | 18,400 |   |
| Impairment of mineral property acquisition costs                           |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
| Changes in operating assets and liabilities:                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                   |   |   | 110,724 |   |   |   | 2,201 |   |   |   | 119,610 |   |
| Accrued consulting fees and expenses due to                                |   |   |   |   |   |   |   |   |   |   |   |   |
|   related parties                                                |   |   | 92,000 |   |   |   | - |   |   |   | 120,539 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used by Operating Activities                                      |   |   | (45,365 | ) |   |   | (17,557 | ) |   |   | (111,896 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Mineral property acquisition costs                                         |   |   | - |   |   |   | - |   |   |   | (6,500 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used by Investing Activities                                      |   |   | - |   |   |   | - |   |   |   | (6,500 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase in due to related party                                           |   |   | - |   |   |   | 17,121 |   |   |   | 28,006 |   |
| Proceeds from notes payable                                                |   |   | 77,500 |   |   |   |   |   |   |   | 77,500 |   |
| Proceeds from sale of common stock                                         |   |   | - |   |   |   | - |   |   |   | 45,600 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                  |   |   | 77,500 |   |   |   | 17,121 |   |   |   | 151,106 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                       |   |   | 32,135 |   |   |   | (436 | ) |   |   | 32,710 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                             |   |   | 575 |   |   |   | 1,110 |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                   |   | $ | 32,710 |   |   | $ | 674 |   |   | $ | 32,710 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Payments For:                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Income taxes                                                               |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Non-cash financing activity:                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Forgiveness of due to related party by                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   then majority stockholder on                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   September 15, 2009                                             |   | $ | - |   |   | $ | - |   |   | $ | 28,006 |   |
| Stock issued for services                                                  |   | $ | 2,600,000 |   |   | $ | - |   |   | $ | 2,600,000 |   |
| Stock issued for acquistion of mining assets                               |   | $ | 45,500 |   |   | $ | - |   |   | $ | 45,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |

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NOTES TO FINANCIAL STATEMENTS

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| Due to related parties consist of:                                                                     |   |           |    |   |             |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|------------------|--------|
|                                                                                                   |   | August 31,2010 |    |   | November 30,2009 |   |
| Accrued consulting fees and expenses due to former (from July 31, 2009 to February 3, 2010) director   |   | $              | 20,539  |   |             | $      | 20,539 |   |
| Accrued consulting fees and expenses due to former (from October 9, 2009 to January 28, 2010) director |   |           | 8,000   |   |             |   | 8,000 |   |
| Accrued consulting fees and expenses due to current directors                                          |   |           | 92,000  |   |             |   | - |   |
|           Total                                      |   | $              | 120,539 |   |             | $      | 28,539 |   |

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| Notes payable consisted of the following:                                                                                                                                                                                                                                                                                                                                                                                                               |   | August 31, 2010 |    |   | November 30,2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|---------|--------|------------------|--------|
|  Note payable dated June 7, 2010 to an unsolicited accredited investor, interest at 12% per annum, due on December 7, 2010, unsecured                                                                                                                                                                                                                                                                                                              |   | $                    | 22,000  |   |             | $      | - |   |
|  Note payable dated July 14, 2010 to an unsolicited accredited investor (face value of $50,000), interest at 8% per annum, due on April 16, 2011, unsecured, convertible into shares of common stock at a variable conversion price equal to 58% of the average of the lowest three (3) Trading Prices (as defined) for the 10 days preceding the date of the conversion notice (less unamortized debt discount of $32,048 and $-0-, respectively) |   |                 | 17,952  |   |             |   | - |   |
|  Note payable to securities attorney, interest at 8% per annum, due on demand, unsecured                                                                                                                                                                                                                                                                                                                                                           |   |                 | 5,500   |   |             |   | - |   |
|  Total Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                 | 45,452  |   |             |   | - |   |
| Less: Current Portion                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                 | (45,452 | )      |             |   | - |   |
|  Long-Term Notes Payable                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $                    | -       |   |             | $      | - |   |

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|                                         |   | For the nine monthsended August 31,2010 |        |   | For the nine monthsendedAugust 31,2009 |   |    | September 21,2007 (Date ofInception) toAugust 31,2010 |   |
|----------------------------------------------|--------|----------------------------------------------|-------------|--------|----------------------------------------|--------|---------|-------------------------------------------------------|--------|
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |
| Income tax recovery at statutory rate        |   | $                                            | 1,093,092   |   |                                   | $      | 9,166   |                                                  |   | $ | 1,136,903 |   |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
| Non- deductible stock-based compensation     |   |                                         | (1,006,400) |   |                                   |   | -       |                                                  |   |   | (1,006,400) |   |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
| Non-deductible amortization of debt discount |   |                                         | (2,342)     |   |                                   |   | -       |                                                  |   |   | (2,342) |   |
| Non-deductible donated services              |   |                                         |        | -      |                                   |   | (1,632  | )                                                     |   |   | (6,256 | ) |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
| Valuation allowance change                   |   |                                         | (84,350     | )      |                                   |   | (7,534  | )                                                     |   |   | (121,905 | ) |
|                                         |   |                                         |        |   |                                   |   |    |                                                  |   |   |   |   |
| Provision for income taxes                   |   | $                                            | –     |   |                                   | $      | – |                                                  |   | $ | – |   |

|                             |   | August 31,2010 |     |   | November 30,2009 |   |
|----------------------------------|--------|----------------|----------|--------|------------------|--------|
|                             |   |           |     |   |             |   |
| Net operating loss carry-forward |   | $              | 121,905  |   |             | $      | 37,555 |   |
|                             |   |           |     |   |             |   |   |   |
| Valuation allowance              |   |           | (121,905 | )      |             |   | (37,555 | ) |
|                             |   |           |     |   |             |   |   |   |
| Net deferred income tax asset    |   | $              | –  |   |             | $      | – |   |

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Item 2.

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|   |   | • | our ability to raise additional capital, as it may be affected by current conditions in the  stock market and competition for risk capital; |   |
|--------|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   |   | • | environmental and other regulations, as the same presently exist or may later be amended; |
|--------|--------|---------|-------------------------------------------------------------------------------------------|

Item 3.

Item 4T.

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PART II 

Item 1

Item 1A.

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Item 2. 

Item 3. 

Item 4.

Item 5.

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Item 6. 

| Item No. | Description                                                                                                                              |
|----------|------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1      | Articles of Incorporation (incorporated by reference from our registration statement on Form S-1 filed on March 21, 2008).               |
| 3.2      | Certificate of Amendment to Articles of Incorporation (incorporated by reference from our report on Form 8-K filed on December 23, 2009) |
| 3.3      | Bylaws (incorporated by reference from our registration statement on Form S-1 filed on March 21, 2008).                                  |
| 31.1*    | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Mark Klok.                                                   |
| 31.2*    | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Chene Gardner.                                               |
| 32.1*    | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Mark Klok.                                                   |
| 32.2*    | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Chene Gardner.                                               |

|               |                                       |  ALTO GROUP HOLDINGS, INC. |
|-------------------------|--------------------------------------------|---------------------------------|
|                    |                                       |                            |
|                    |                                       |                            |
|                    | /s/ Chene Gardner                          |
| Dated: October 18, 2010 | By: Chene Gardner, Chief Financial Officer |
|                    |                                       |                            |

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