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| 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                             |   | 12       |
|                                                                           |   |     |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk             |   | 16       |
|                                                                           |   |     |
| Item 4T.  Controls and Procedures                                         |   | 16       |
|                                                                           |   |     |
| 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 |   | 20       |
|                                                                           |   |     |
| Item 3.  Defaults Upon Senior Securities                             |   | 20       |
|                                                                           |   |     |
| Item 4.  Submission of Matters to a Vote of Security Holders         |   | 20       |
|                                                                           |   |     |
| Item 5.  Other Information                                           |   | 20       |
|                                                                           |   |     |
| Item 6.  Exhibits                                                    |   | 21       |
|                                                                           |   |     |

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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                                                                     |   |
|                                                                       |   | May 31, |   |   | November 30, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |
|                                                                       |   | (Unaudited) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
| CURRENT ASSETS                                                             |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
| Cash and cash equivalents                                                  |   | $ | 409 |   |   | $ | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Assets                                                       |   |   | 409 |   |   |   | 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                                                               |   | $ | 45,909 |   |   | $ | 575 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                      |   |
|                                                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                        |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                   |   | $ | 86,211 |   |   | $ | 8,886 |   |
| Due to related parties                                                     |   |   | 84,539 |   |   |   | 28,539 |   |
| Notes payable                                                              |   |   | 5,500 |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Current Liabilities                                                  |   |   | 176,250 |   |   |   | 37,425 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                          |   |   | 176,250 |   |   |   | 37,425 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                      |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Preferred stock, $0.00001 par value; 100,000,000 shares                    |   |   |   |   |   |   |   |   |
|   authorized, 14,000,000 and none 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, respectively                                  |   |   | 750 |   |   |   | 797 |   |
| Additional paid-in capital                                                 |   |   | 2,736,616 |   |   |   | 91,209 |   |
| Deficit accumulated during the exploration stage                           |   |   | (2,867,847 | ) |   |   | (128,856 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                |   |   | (130,341 | ) |   |   | (36,850 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                |   | $ | 45,909 |   |   | $ | 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 Six Months Ended |   |   | 2007 Through |   |
|                                                                       |   | May 31, |   |   | May 31, |   |   | May 31, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |   | 2010 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET REVENUES                                                               |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exploration and carrying costs                                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,625 |   |
| Consulting services                                                        |   |   | 336,000 |   |   |   | - |   |   |   | 2,548,000 |   |   |   | - |   |   |   | 2,548,000 |   |
| Professional fees                                                          |   |   | 177,283 |   |   |   | - |   |   |   | 183,080 |   |   |   | - |   |   |   | 183,080 |   |
| General and administrative                                                 |   |   | 7,839 |   |   |   | 4,376 |   |   |   | 7,839 |   |   |   | 14,947 |   |   |   | 109,170 |   |
| Donated services                                                           |   |   | - |   |   |   | 2,400 |   |   |   | - |   |   |   | 4,800 |   |   |   | 18,400 |   |
| Impairment of mineral property                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   acquisition costs                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                   |   |   | 521,122 |   |   |   | 6,776 |   |   |   | 2,738,919 |   |   |   | 19,747 |   |   |   | 2,867,775 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |   |   | (521,122 | ) |   |   | (6,776 | ) |   |   | (2,738,919 | ) |   |   | (19,747 | ) |   |   | (2,867,775 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER INCOME (EXPENSES)                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                           |   |   | (72 | ) |   |   | - |   |   |   | (72 | ) |   |   | - |   |   |   | (72 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income (Expenses)                                              |   |   | (72 | ) |   |   | - |   |   |   | (72 | ) |   |   | - |   |   |   | (72 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE INCOME TAXES                                                   |   |   | (521,194 | ) |   |   | (6,776 | ) |   |   | (2,738,991 | ) |   |   | (19,747 | ) |   |   | (2,867,847 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| INCOME TAX EXPENSE                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |   | $ | (521,194 | ) |   | $ | (6,776 | ) |   | $ | (2,738,991 | ) |   | $ | (19,747 | ) |   | $ | (2,867,847 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC AND FULLY DILUTED:                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per common share                                                  |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   | $ | (0.04 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                                        |   |   | 63,680,000 |   |   |   | 79,680,000 |   |   |   | 72,251,428 |   |   |   | 79,680,000 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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' DEFICIT                                        |   |
| For the period from Inception (September 21, 2007) to May 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 | ) |   |   | 340 |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for acquisition                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   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 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the six months ended                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   May 31, 2010 (unaudited)                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,738,991 | ) |   |   | (2,738,991 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, May 31, 2010 (unaudited)                                          |   |   | 14,000,000 |   |   | $ | 140 |   |   |   | 75,013,332 |   |   | $ | 750 |   |   | $ | 2,736,616 |   |   | $ | - |   |   | $ | (2,867,847 | ) |   | $ | (130,341 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 Six Months Ended |   |   | 2007 Through |   |
|                                                                      |   | May 31, |   |   | May 31, |   |
|                                                                      |   | 2010 |   |   | 2009 |   |   | 2010 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                     |   |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |   |
| Net loss                                                                  |   | $ | (2,738,991 | ) |   | $ | (19,747 | ) |   | $ | (2,867,847 | ) |
| Adjustments to reconcile net loss to net                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|  cash used by operating activities:                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for services                                                 |   |   | 2,600,000 |   |   |   | - |   |   |   | 2,600,000 |   |
| Donated services and expenses                                             |   |   | - |   |   |   | 4,800 |   |   |   | 18,400 |   |
| Impairment of mineral property acquisition costs                          |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
| Changes in operating assets and liabilities:                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                  |   |   | 77,325 |   |   |   | 4,442 |   |   |   | 86,211 |   |
| Accrued consulting fees and expenses due to                               |   |   |   |   |   |   |   |   |   |   |   |   |
|   related parties                                               |   |   | 56,000 |   |   |   | - |   |   |   | 84,539 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used by Operating Activities                                     |   |   | (5,666 | ) |   |   | (10,505 | ) |   |   | (72,197 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| 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                                          |   |   | - |   |   |   | 10,043 |   |   |   | 28,006 |   |
| Proceeds from notes payable                                               |   |   | 5,500 |   |   |   |   |   |   |   | 5,500 |   |
| Proceeds from sale of common stock                                        |   |   | - |   |   |   | - |   |   |   | 45,600 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                 |   |   | 5,500 |   |   |   | 10,043 |   |   |   | 79,106 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                      |   |   | (166 | ) |   |   | (462 | ) |   |   | 409 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                            |   |   | 575 |   |   |   | 1,110 |   |   |   | - |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                  |   | $ | 409 |   |   | $ | 648 |   |   | $ | 409 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| 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:                                                                     |   |        |   |   |             |   |
|--------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|------------------|--------|
|                                                                                                   |   | May 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                                          |   |        | 56,000 |   |             |   | - |   |
|           Total                                      |   | $           | 84,539 |   |             | $      | 28,539 |   |

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|                                     |   | For the six monthsendedMay 31,2010 |      |   | For the six monthsendedMay 31,2009 |   |    | September 21,2007 (Date ofInception) toMay 31,2010 |   |
|------------------------------------------|--------|------------------------------------|-----------|--------|------------------------------------|--------|---------|----------------------------------------------------|--------|
|                                     |   |                               |      |   |                               |   |    |                                               |   |
| Income tax recovery at statutory rate    |   | $                                  | 931,257   |   |                               | $      | 6,714   |                                               |   | $ | 975,068 |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
| Non- deductible stock-based compensation |   |                               | (884,000) |   |                               |   | -       |                                               |   |   | (884,000) |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
| Non-deductible donated services          |   |                               |      | -      |                               |   | (1,632  | )                                                  |   |   | (6,256 | ) |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
| Valuation allowance change               |   |                               | (47,257   | )      |                               |   | (5,082  | )                                                  |   |   | (84,812 | ) |
|                                     |   |                               |      |   |                               |   |    |                                               |   |   |   |   |
| Provision for income taxes               |   | $                                  | –   |   |                               | $      | – |                                               |   | $ | – |   |

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|                             |   | May 31,2010 |    |   | November 30,2009 |   |
|----------------------------------|--------|-------------|---------|--------|------------------|--------|
|                             |   |        |    |   |             |   |
| Net operating loss carry-forward |   | $           | 84,812  |   |             | $      | 37,555 |   |
|                             |   |        |    |   |             |   |   |   |
| Valuation allowance              |   |        | (84,812 | )      |             |   | (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: July 15, 2010 | By: Chene Gardner, Chief Financial Officer and Director |
|                 |                                                         |                            |

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