----

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| Nevada (State or other jurisdiction of incorporation or organization)                                    | 27-0686507(I.R.S. Employer Identification No.) |
|---------------------------------------------------------------------------------------------------------------|------------------------------------------------|
|                                                                                                          |
| 245 Park Avenue, Suite 2431, New York, NY 10167(Address of principal executive offices)  (Zip Code) |
|                                                                                                          |
| (801) 816-2520(Registrant's telephone number, including area code)                                            |
|                                                                                                          |
|                                                                                                          |
| (Former Address if Changed Since Last Report)                                                                 |
|                                                                                                          |

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

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TABLE OF CONTENTS

|                                                                           |   | Page No. |
|--------------------------------------------------------------------------------|--------|----------|
|  PART I – FINANCIAL INFORMATION                                |
| Item 1.  Financial Statements                                             |   | 1   |
| Item 2.  Management's Discussion and Analysis                             |   | 16  |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk             |   | 20  |
| Item 4T.  Controls and Procedures                                         |   | 20  |
|  PART II – OTHER INFORMATION                                   |
| Item 1.  Legal Proceedings                                           |   | 21  |
| Item 1A.  Risk Factors                                               |   | 21  |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds |   | 21  |
| 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                                                    |   | 22  |

----

PART I – FINANCIAL INFORMATION

Item 1. 

| CONTENTS                                        |
|------------------------------------------------------|
| Balance Sheets                                       |   | 2  |
| Statements of Operations                             |   | 3  |
| Statements of Changes in Stockholders’ Deficit |   | 4  |
| Statements of Cash Flows                             |   | 5  |
| Notes to the Financial Statements                    |   | 6  |

----

| ALTO GROUP HOLDINGS INC.                                                         |   |
|----------------------------------------------------------------------------------|--------|
| (an exploration stage company)                                                   |   |
| CONSOLIDATED BALANCE SHEETS                                                      |   |
|                                                                             |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |
| ASSETS                                                                           |   |
|                                                                             |   | February 28, |   |   | November 30, |   |
|                                                                             |   | 2011 |   |   | 2010 |   |
|                                                                             |   | (Unaudited) |   |   |   |   |
|                                                                             |   |   |   |   |   |   |
| CURRENT ASSETS                                                                   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |
| Cash and cash equivalents                                                        |   | $ | 28,423 |   |   | $ | 2,142 |   |
| Loans receivable                                                                 |   |   | 7,500 |   |   |   | - |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Total Current Assets                                                             |   |   | 35,923 |   |   |   | 2,142 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, net of accumulated                                       |   |   |   |   |   |   |   |   |
|   depreciation of $2,796 and $-0-, respectively                        |   |   | 95,056 |   |   |   | - |   |
|                                                                             |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                     |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Mining assets                                                                    |   |   | 45,500 |   |   |   | 45,500 |   |
| Other assets                                                                     |   |   | 12,000 |   |   |   | - |   |
| Mineral property acquistion costs, less reserve                                  |   |   |   |   |   |   |   |   |
|   for impairment of $6,500                                             |   |   | - |   |   |   | - |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Total Other Assets                                                               |   |   | 57,500 |   |   |   | 45,500 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                     |   | $ | 188,479 |   |   | $ | 47,642 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                            |   |
|                                                                             |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                              |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                         |   | $ | 277,498 |   |   | $ | 87,265 |   |
| Due to related parties                                                           |   |   | 188,500 |   |   |   | 148,500 |   |
| Notes and loans payable                                                          |   |   | 1,149,746 |   |   |   | 267,500 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Total Current Liabilities                                                        |   |   | 1,615,744 |   |   |   | 503,265 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                                                                |   |   | 1,615,744 |   |   |   | 503,265 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' DEFICIT                                                            |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |
| Preferred stock, $0.00001 par value; 100,000,000 shares                          |   |   |   |   |   |   |   |   |
|   authorized:                                                          |   |   |   |   |   |   |   |   |
|   Series A Preferred Stock, 20,000,000 shares designated,              |   |   |   |   |   |   |   |   |
|     14,000,000 and 14,000,000 shares issued and outstanding, |   |   |   |   |   |   |   |   |
|     respectively                                             |   |   | 140 |   |   |   | 140 |   |
|   Series B Preferred Stock, 100,000 and 100,000 shares                 |   |   |   |   |   |   |   |   |
|     issued and outstanding, respectively                     |   |   | 1 |   |   |   | 1 |   |
| Common stock, $0.00001 par value; 350,000,000 shares                             |   |   |   |   |   |   |   |   |
|   authorized, 253,013,332 and 120,013,332 shares issued                |   |   |   |   |   |   |   |   |
|   and outstanding and to be issued, respectively                       |   |   | 2,530 |   |   |   | 1,200 |   |
| Additional paid-in capital                                                       |   |   | 6,562,371 |   |   |   | 4,015,101 |   |
| Deficit accumulated during the exploration stage                                 |   |   | (7,992,307 | ) |   |   | (4,472,065 | ) |
|                                                                             |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                      |   |   | (1,427,265 | ) |   |   | (455,623 | ) |
|                                                                             |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                      |   | $ | 188,479 |   |   | $ | 47,642 |   |
|                                                                             |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.       |   |
|                                                                             |   |   |   |   |   |   |   |   |

----

| ALTO GROUP HOLDINGS INC.                                                   |   |
|----------------------------------------------------------------------------|--------|
| (an exploration stage company)                                             |   |
| CONSOLIDATED STATEMENTS OF OPERATIONS                                      |   |
| (Unaudited)                                                                |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   | From Inception |   |
|                                                                       |   |   |   |   |   |   |   | on September 21, |   |
|                                                                       |   | For the Three Months Ended |   |   | 2007 Through |   |
|                                                                       |   | February 28, |   |   |   |   |   | February 28, |   |
|                                                                       |   | 2011 |   |   | 2010 |   |   | 2011 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |
| NET REVENUES                                                               |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING EXPENSES                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Exploration and carrying costs                                             |   |   | 211,480 |   |   |   | - |   |   |   | 238,455 |   |
| Officers' and directors' compensation (including                           |   |   |   |   |   |   |   |   |   |   |   |   |
|   stock-based compensation of $-0-, $-0-,                        |   |   |   |   |   |   |   |   |   |   |   |   |
|   and $860,000, respectively)                                    |   |   | 48,000 |   |   |   | - |   |   |   | 1,060,000 |   |
| Consulting fees (including stock-based compensation                        |   |   |   |   |   |   |   |   |   |   |   |   |
|   of $-0-, $2,200,000, and $2,300,000, respectively)             |   |   | 159,650 |   |   |   | 2,212,000 |   |   |   | 2,513,950 |   |
| Professional fees (including stock-based compensation                      |   |   |   |   |   |   |   |   |   |   |   |   |
|   of $2,372,017, $-0-, and $3,052,017, respectively)             |   |   | 2,468,878 |   |   |   | 5,797 |   |   |   | 3,315,696 |   |
| General and administrative                                                 |   |   | 183,077 |   |   |   | - |   |   |   | 348,445 |   |
| Donated services                                                           |   |   | - |   |   |   | - |   |   |   | 18,400 |   |
| Impairment of mineral property                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|   acquisition costs                                              |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                                   |   |   | 3,071,085 |   |   |   | 2,217,797 |   |   |   | 7,501,446 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS FROM OPERATIONS                                                       |   |   | (3,071,085 | ) |   |   | (2,217,797 | ) |   |   | (7,501,446 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER INCOME (EXPENSES)                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain from forgiveness of amounts due to                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|   former related parties                                         |   |   | - |   |   |   | - |   |   |   | 28,539 |   |
| Write off of Goodwill                                                      |   |   | (431,713 | ) |   |   | - |   |   |   | (431,713 | ) |
| Interest expense                                                           |   |   | (17,444 | ) |   |   | - |   |   |   | (87,687 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Other Income (Expenses)                                              |   |   | (449,157 | ) |   |   | - |   |   |   | (490,861 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS BEFORE INCOME TAXES                                                   |   |   | (3,520,242 | ) |   |   | (2,217,797 | ) |   |   | (7,992,307 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| INCOME TAX EXPENSE                                                         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                   |   | $ | (3,520,242 | ) |   | $ | (2,217,797 | ) |   | $ | (7,992,307 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC AND FULLY DILUTED:                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per common share                                                  |   | $ | (0.03 | ) |   | $ | (0.03 | ) |   | $ | (0.10 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                                        |   |   | 136,372,236 |   |   |   | 81,013,333 |   |   |   | 77,694,746 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |

----

| ALTO GROUP HOLDINGS INC.                                                   |   |
|----------------------------------------------------------------------------|--------|
| (an exploration stage company)                                             |   |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)                  |   |
| For the period from Inception (September 21, 2007) to February 28, 2011    |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                                       |   | Series A |   |   | Series B |   |   |   |   |   |   |   |   | Additional |   |   |   |   |   | During the |   |   |   |   |
|                                                                       |   | Preferred Stock |   |   | Preferred Stock |   |   | Common Stock |   |   | Paid-in |   |   | Subscriptions |   |   | Exploration |   |   |   |   |
|                                                                       |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | Shares |   |   | Par |   |   | 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 Series A preferred stock                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   on March 3, 2010                                               |   |   | 14,000,000 |   |   |   | 140 |   |   |   | - |   |   |   | - |   |   |   | (48,000,000 | ) |   |   | (480 | ) |   |   | 360,340 |   |   |   | - |   |   |   | - |   |   |   | 360,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   acquistion of mining assets                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   on March 12, 2010                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 10,000,000 |   |   |   | 100 |   |   |   | 45,400 |   |   |   | - |   |   |   | - |   |   |   | 45,500 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   services                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 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 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series B preferred stock issued to                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   chief executive officer for services                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   on October 15, 2010                                            |   |   | - |   |   |   | - |   |   |   | 100,000 |   |   |   | 1 |   |   |   | - |   |   |   | - |   |   |   | 199,999 |   |   |   | - |   |   |   | - |   |   |   | 200,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion of notes payable and                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   accrued interest into common stock,                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   including $664,155 excess of fair value                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   of common stock issued over amount                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   of debt and accrued interest settled                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   (charged to professional fees in the                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   statement of operations)                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 45,000,000 |   |   |   | 450 |   |   |   | 679,550 |   |   |   | - |   |   |   | - |   |   |   | 680,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   November 30, 2010                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,343,209 | ) |   |   | (4,343,209 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, November 30, 2010                                                 |   |   | 14,000,000 |   |   |   | 140 |   |   |   | 100,000 |   |   |   | 1 |   |   |   | 120,013,332 |   |   |   | 1,200 |   |   |   | 4,015,101 |   |   |   | - |   |   |   | (4,472,065 | ) |   |   | (455,623 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unaudited:                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   acquistion of Liberty American, LLC                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   on Janury 24, 2011                                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 10,000,000 |   |   |   | 100 |   |   |   | 144,900 |   |   |   | - |   |   |   | - |   |   |   | 145,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion of notes payable and                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   accrued interest into common stock,                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   including $2,372,017 excess of fair                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   value of common stock issued over                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   amount of debt and accrued interest                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   settled (charged to professional fees                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   in the statement of operations)                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 123,000,000 |   |   |   | 1,230 |   |   |   | 2,402,370 |   |   |   | - |   |   |   | - |   |   |   | 2,403,600 |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the three months ended                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   February 28, 2011                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,520,242 | ) |   |   | (3,520,242 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, February 28, 2011                                                 |   |   | 14,000,000 |   |   | $ | 140 |   |   |   | 100,000 |   |   | $ | 1 |   |   |   | 253,013,332 |   |   | $ | 2,530 |   |   | $ | 6,562,371 |   |   | $ | - |   |   | $ | (7,992,307 | ) |   | $ | (1,427,265 | ) |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these finanical statements. |   |

----

| ALTO GROUP HOLDINGS INC.                                                             |   |
|--------------------------------------------------------------------------------------|--------|
| (an exploration stage company)                                                       |   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                |   |
| (Unaudited)                                                                          |   |
|                                                                                 |   |   |   |   |   |   |   | From Inception |   |
|                                                                                 |   |   |   |   |   |   |   | on September 21, |   |
|                                                                                 |   | For the Three Months Ended |   |   | 2007 Through |   |
|                                                                                 |   | February 28, |   |   | February 28, |   |
|                                                                                 |   | 2011 |   |   | 2010 |   |   | 2011 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Net loss                                                                             |   | $ | (3,520,242 | ) |   | $ | (2,217,797 | ) |   | $ | (7,992,307 | ) |
| Adjustments to reconcile net loss to net                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  cash used by operating activities:                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation                                                                         |   |   | 2,796 |   |   |   | - |   |   |   | 2,796 |   |
| Write off of goodwill                                                                |   |   | 431,713 |   |   |   | - |   |   |   | 431,713 |   |
| Stock issued for services, including $2,372,017, $-0-, and                           |   |   |   |   |   |   |   |   |   |   |   |   |
|   $3,036,172, respectively, of excess of fair value of common stock        |   |   |   |   |   |   |   |   |   |   |   |   |
|   issued over amount of debt and accrued interest settled (charged         |   |   |   |   |   |   |   |   |   |   |   |   |
|   to professional fees in the statement of operations)                     |   |   | 2,372,017 |   |   |   | 2,200,000 |   |   |   | 6,196,172 |   |
| Amortization of debt discount                                                        |   |   | - |   |   |   | - |   |   |   | 38,936 |   |
| Gain from forgiveness of amounts due to related parties                              |   |   | - |   |   |   | - |   |   |   | (28,539 | ) |
| Donated services and expenses                                                        |   |   | - |   |   |   | - |   |   |   | 18,400 |   |
| Impairment of mineral property acquisition costs                                     |   |   | - |   |   |   | - |   |   |   | 6,500 |   |
| Changes in operating assets and liabilities:                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Other assets                                                                         |   |   | (12,000 | ) |   |   |   |   |   |   | (12,000 | ) |
| Accounts payable and accrued liabilities                                             |   |   | 124,203 |   |   |   | 5,797 |   |   |   | 307,314 |   |
| Accrued consulting fees and expenses due to  related parties               |   |   | 40,000 |   |   |   | 12,000 |   |   |   | 217,038 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used by Operating Activities                                                |   |   | (561,513 | ) |   |   | - |   |   |   | (813,977 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash received in connection with acquisition of  Liberty American, LLC     |   |   | 65 |   |   |   | - |   |   |   | 65 |   |
| Purchases of property and equipment                                                  |   |   | (97,852 | ) |   |   | - |   |   |   | (97,852 | ) |
| Mineral property acquisition costs                                                   |   |   | - |   |   |   | - |   |   |   | (6,500 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Used by Investing Activities                                                |   |   | (97,787 | ) |   |   | - |   |   |   | (104,287 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase in due to related party                                                     |   |   | - |   |   |   | - |   |   |   | 28,006 |   |
| Proceeds from notes payable                                                          |   |   | 747,000 |   |   |   | - |   |   |   | 984,500 |   |
| Repayment of note payable                                                            |   |   | - |   |   |   | - |   |   |   | (50,000 | ) |
| Repayment of loan payable of Liberty American, LLC to the                            |   |   |   |   |   |   |   |   |   |   |   |   |
|   Company's corporate counsel                                              |   |   | (61,419 | ) |   |   | - |   |   |   | (61,419 | ) |
| Proceeds from sale of common stock                                                   |   |   | - |   |   |   | - |   |   |   | 45,600 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities                                            |   |   | 685,581 |   |   |   | - |   |   |   | 946,687 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE IN CASH AND CASH EQUIVALENTS                                            |   |   | 26,281 |   |   |   | - |   |   |   | 28,423 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                       |   |   | 2,142 |   |   |   | 575 |   |   |   | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                             |   | $ | 28,423 |   |   | $ | 575 |   |   | $ | 28,423 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Payments For:                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                                                             |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Income taxes                                                                         |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Non-cash investing and financing activities:                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Forgiveness of due to related party by then majority                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|   stockholder on September 15, 2009                                        |   | $ | - |   |   | $ | - |   |   | $ | 28,006 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock issued for services                                                            |   | $ | - |   |   | $ | 2,200,000 |   |   | $ | 2,200,000 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion of notes payable and accrued interest                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   into common stock:                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|     Notes payable ($30,000) and accrued interest                 |   |   |   |   |   |   |   |   |   |   |   |   |
|       ($1,356) settled                                 |   | $ | 31,356 |   |   | $ | - |   |   | $ | 47,201 |   |
|     Excess of fair value of common stock issued                  |   |   |   |   |   |   |   |   |   |   |   |   |
|       over amount of debt and accrued interest settled |   |   |   |   |   |   |   |   |   |   |   |   |
|       (charged to professional fees in the statement   |   |   |   |   |   |   |   |   |   |   |   |   |
|       of operations)                                   |   |   | 2,372,017 |   |   |   | - |   |   |   | 3,036,172 |   |
|     Fair value of 123,000,000 shares of common                   |   |   |   |   |   |   |   |   |   |   |   |   |
|       stock issued                                     |   | $ | 2,403,373 |   |   | $ | - |   |   | $ | 3,083,373 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
|   Conversion of common stock to Series A                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|     preferred stock on March 3, 2010                             |   | $ | - |   |   | $ | - |   |   | $ | 360,000 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for acquistion of mining                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|   assets on March 12, 2010                                                 |   | $ | - |   |   | $ | - |   |   | $ | 45,500 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.           |   |

----

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

----

| Cash and cash equivalents |   | $      | 65       |   |
|---------------------------|--------|--------|----------|--------|
| Loan receivable           |   |   | 7,500    |   |
| Total assets              |   |   | 7,565    |   |
|                      |   |   |     |   |
| Account payable           |   |   | 61,951   |   |
| Accrued interest payable  |   |   | 35,662   |   |
| Notes payable             |   |   | 196,665  |   |
| Total liabilities         |   |   | 294,278  |   |
|                      |   |   |     |   |
| Identifiable net assets   |   | $      | (286,713 | )      |

|                                       |   | Three Months Ended February 28, |       |
|--------------------------------------------|--------|---------------------------------|------------|
|                                       |   | 2011                            |       |   | 2010 |   |
|                                       |   |                            |       |   |   |   |
| Net revenues                               |   | $                               | -0-        |   |   | $ | 2,598 |   |
|                                       |   |                            |       |   |   |   |   |   |
| Exploration and carrying costs             |   |                            | 211,480    |   |   |   | - |   |
| Officers and directors’ compensation |   |                            | 48,000     |   |   |   | - |   |
| Consulting fees                            |   |                            | 159,650    |   |   |   | 2,218,000 |   |
| Professional fees                          |   |                            | 2,468,878  |   |   |   | 5,797 |   |
| General and administrative                 |   |                            | 183,085    |   |   |   | 31,043 |   |
|                                       |   |                            |       |   |   |   |   |   |
| Total operating expenses                   |   |                            | 3,071,093  |   |   |   | 2,254,840 |   |
|                                       |   |                            |       |   |   |   |   |   |
| Loss from operations                       |   |                            | (3,071,093 | ) |   |   | (2,252,242 | ) |
|                                       |   |                            |       |   |   |   |   |   |
| Interest expense                           |   |                            | (40,426    | ) |   |   | (12,127 | ) |
|                                       |   |                            |       |   |   |   |   |   |
| Net loss                                   |   | $                               | (3,111,519 | ) |   | $ | (2,264,369 | ) |
|                                       |   |                            |       |   |   |   |   |   |
| Diluted loss per common share              |   | $                               | (0.02      | ) |   | $ | (0.03 | ) |

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| Due to related parties consist of:                                         |   |             |    |   |             |   |
|----------------------------------------------------------------------------|--------|------------------|---------|--------|------------------|--------|
|                                                                       |   | February 28,2011 |    |   | November 30,2010 |   |
|                                                                       |   |             |    |   |             |   |
| Accrued consulting fees and expenses due to current officers and directors |   |             | 188,500 |   |             |   | 148,500 |   |
| Total                                                                      |   | $                | 188,500 |   |             | $      | 148,500 |   |

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| Notes and loans payable consisted of the following:                                                                                                                                                                                                            |   | February 28, 2011 |       |   | November 30,2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|------------|--------|------------------|--------|
|  Note payable dated June 7, 2010 to an unsolicited accredited investor, interest at 12% per annum, due on December 7, 2010, unsecured, now past due and in default                                                                                        |   | $                      | 22,000     |   |             | $      | 22,000 |   |
|  Notes payable to an unsolicited accredited investor, interest at 9% per annum, due in varying amounts from October 27, 2011 to February 28, 2012, unsecured                                                                                              |   |                   | 852,000    |   |             |   | 140,000 |   |
|  Notes payable dated December 1, 2010 to an unsolicited accredited investor, interest at 12% per annum, due May 31, 2011, convertible into common stock at a conversion price equal to 60% of the then current market price                               |   |                   | 35,000     |   |             |   | - |   |
|  Notes payable to the Company’s corporate counsel dated from July 31, 2010 to February 28, 2011 (arising from services rendered), interest at 9% per annum, due monthly from July 31, 2011 to February 28, 2012 in eight $10,000 amounts, unsecured |   |                   | 80,000     |   |             |   | 80,000 |   |
|  Note payable to the Company’s corporate counsel dated November 1, 2010, interest at 9% per annum, due November 1, 2011, unsecured                                                                                                                  |   |                   | 20,000     |   |             |   | 20,000 |   |
|  Note payable to the Company’s corporate counsel dated July 14, 2010, interest at 8% per annum, due April 16, 2011, unsecured                                                                                                                       |   |                   | 5,500      |   |             |   | 5,500 |   |
|  Note payable of Liberty American, LLC to the Company’s corporate counsel, interest at 12% per annum, due on demand, unsecured                                                                                                                      |   |                   | 135,246    |   |             |   | - |   |
|  Total Notes and Loans Payable                                                                                                                                                                                                                            |   |                   | 1,149,746  |   |             |   | 267,500 |   |
| Less: Current Portion                                                                                                                                                                                                                                          |   |                   | (1,149,746 | )      |             |   | (267,500 | ) |
|  Long-Term Notes and Loans Payable                                                                                                                                                                                                                        |   | $                      | -          |   |             | $      | - |   |

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|                                               |   | For the three monthsendedFebruary 28,2011 |                      |   | For the three monthsendedFebruary 28,2010 |   |      | September 21,2007 (Date ofInception) toFebruary 28,2011 |   |
|----------------------------------------------------|--------|-------------------------------------------|---------------------------|--------|-------------------------------------------|--------|-----------|---------------------------------------------------------|--------|
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |
| Income tax recovery at statutory rate              |   | $                                         | 1,196,882                 |   |                                      | $      | 754,051   |                                                    |   | $ | 2,717,384 |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
| Non- deductible stock-based compensation           |   |                                      | (806,486)                 |   |                                      |   | (748,000) |                                                    |   |   | (2,106,698) |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
| Non-deductible donated services                    |   |                                      |                      | -      |                                      |   | -         |                                                    |   |   | (6,256 | ) |
| Non-deductible amortization of debt discount  |   |                                      |    -  |   |                                      |   | -    |                                                    |   |   | (13,238)  |   |
| Non-deductible writeoff of goodwill                |   |                                      | (146,782)                 |   |                                      |   | -         |                                                    |   |   | (146,782) |   |
| Valuation allowance change                         |   |                                      | (243,614                  | )      |                                      |   | (6,051    | )                                                       |   |   | (444,410 | ) |
|                                               |   |                                      |                      |   |                                      |   |      |                                                    |   |   |   |   |
| Provision for income taxes                         |   | $                                         | –                   |   |                                      | $      | –   |                                                    |   | $ | – |   |

|                             |   | February 28,2011 |     |   | November 30,2010 |   |
|----------------------------------|--------|------------------|----------|--------|------------------|--------|
|                             |   |             |     |   |             |   |
| Net operating loss carry-forward |   | $                | 444,410  |   |             | $      | 200,795 |   |
|                             |   |             |     |   |             |   |   |   |
| Valuation allowance              |   |             | (444,410 | )      |             |   | (200,795 | ) |
|                             |   |             |     |   |             |   |   |   |
| Net deferred income tax asset    |   | $                | –  |   |             | $      | – |   |

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Item 2. 

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Item 3. 

Item 4T.  

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PART II 

Item 1.

Item 1A.

Item 2.  

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Item 3.

Item 4. 

Item 5.

Item 6.  

| Item No. | Description                                                                                                                                     |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1      | Amended and Restated Articles of Incorporation (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2011).  |
| 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/ Mark Klok                                     |
| Dated: April 19, 2011 | By: Mark Klok, President, Secretary, and Director |
|                  |                                              |                            |

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