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

|   | For      the quarterly period ended December 31,2009 |
|--------|------------------------------------------------------|

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

|   | For      the transition period      form                                                            to |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Commission      File number         333-151339                                                                                                                                                                                                                                                                                                                   |

|   |  SWEETWATER      RESOURCES, INC. |
|--------|---------------------------------------|

|           Nevada                                       | 71-1050559                                            |
|---------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        (State or other      jurisdiction of incorporation or organization) | (IRS Employer Identification      No.)                                                                                                                                                                                                                                       |

| Madappilly House, Elenjipra, P.O., Chalakudy Via,      Kerala, India, 680271 |
|------------------------------------------------------------------------------|
| (Address      of principal executive offices)                                |

| 011-91-480-320-8192                                            |
|----------------------------------------------------------------|
| (Registrant’s      telephone number, including areacode) |

| N/A                                                                                          |
|----------------------------------------------------------------------------------------------|
| (Former      name, former address and former fiscal year, if changed since last      report) |

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|                                                    |                                                                                                                                                                                     | Page      Number |
|---------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
| PART      1.                                            | FINANCIAL      INFORMATION                                                                                                                                                               |             |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 1.                                                 | Financial      Statements (unaudited)                                                                                                                                                    | 3                |
|                                                    |                                                                                                                                                                                     |             |
|                                                    | Balance      Sheet as at December 31, 2009 and March 31, 2009                                                                                                                            | 4                |
|                                                    |                                                                                                                                                                                     |             |
|                                                    | Statement      of OperationsFor      the three and nine months ended December 31, 2009 and 2008 and for the      period from July 24, 2007 (Date of Inception) to December 31,      2009 |   5    |
|                                                    |                                                                                                                                                                                     |             |
|                                                    | Statement      of Cash FlowsFor      the nine months ended December 31, 2009 and for the period from July 24,      2007 (Date of Inception) to December 31, 2009                         |  6          |
|                                                    |                                                                                                                                                                                     |             |
|                                                    | Notes      to the Financial Statements.                                                                                                                                                  | 7                |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 2.                                                 | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                                                                    | 11               |
|                                                    |                                                                                                                                                                                     |             |
|              ITEM 3. | Quantitative      and Qualitative Disclosure about Market Risk                                                                                                                           | 17               |
|                                                    |                                                                                                                                                                                     |             |
|              ITEM 4. | Controls      and Procedures                                                                                                                                                             | 18               |
|                                                    |                                                                                                                                                                                     |             |
|             ITEM 4T       | Controls      and Procedures                                                                                                                                                             | 18               |
|                                                    |                                                                                                                                                                                     |             |
| PART      11.                                           | OTHER      INFORMATION                                                                                                                                                                   | 18               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 1.                                                 | Legal      Proceedings                                                                                                                                                                   | 18               |
|                                                    |                                                                                                                                                                                     |             |
|              ITEM 1A | Risk      Factors                                                                                                                                                                        | 18               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 2.                                                 | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                         | 22               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 3.                                                 | Defaults      Upon Senior Securities                                                                                                                                                     | 22               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 4.                                                 | Submission      of Matters to a Vote of Security Holders                                                                                                                                 | 22               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 5.                                                 | Other      Information                                                                                                                                                                   | 22               |
|                                                    |                                                                                                                                                                                     |             |
| ITEM 6.                                                 | Exhibits                                                                                                                                                                                 | 22               |
|                                                    |                                                                                                                                                                                     |             |
|                                                    | SIGNATURES.                                                                                                                                                                              | 23               |

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|                                                      | December      31, 2009               | March      31, 2009            |
|-----------------------------------------------------------|--------------------------------------|--------------------------------|
| ASSETS                                                    |                                 |                           |
|                                                      |                                 |                           |
| CURRENT      ASSETS                                       |                                 |                           |
|                                                      |                                 |                           |
| Cash                                                      | $    2,414            | $    3,223 |
|                                                      |                                 |                           |
| Total Current    Assets                                   | $    2,414            | $    3,223 |
|                                                      |                                 |                           |
| LIABILITIES      AND STOCKHOLDERS’ DEFICIENCY       |                                 |                           |
|                                                      |                                 |                           |
| CURRENT      LIABILITIES                                  |                                 |                           |
|                                                      |                                 |                           |
| Accounts payable                                          | $    11,406      | $  10,431            |
| Accounts payable – related      parties             | 14,787                               |    9,947        |
|                                                      |                                 |                           |
| Total Current      Liabilities                            | 26,193                               |  20,378                   |
|                                                      |                                 |                           |
| STOCKHOLDERS’      DEFICIENCY                       |                                 |                           |
|                                                      |                                 |                           |
| Common      stock                                         |                                 |                           |
| 450,000,000 shares authorized, at      $0.001 par value;  |                                 |                           |
|  4,541,000 shares issued and      outstanding        | 4,541                                | 4,541                          |
| Capital in excess of par      value                       | 72,559                               | 60,859                         |
| Deficit accumulated during the      pre-exploration stage | (100,879)                            | (82,555)                       |
|                                                      |                                 |                           |
| Total Stockholders’      Deficiency                 | (23,779)                             | (17,155)                       |
|                                                      |                                 |                           |
|                                                      | $     2,414 | $    3,223 |

----

|                             | Three      months      ended      Dec.      31, 2009           | Three      monthsendedDec.      31, 2008                       | Nine      monthsendedDec.      31, 2009                                          | Nine      monthsendedDec.      31, 2008                                                | From      July 24, 2007(date      of inception) to      Dec. 31, 2009      |
|----------------------------------|----------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------|
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| REVENUES                         | $          - | $          - | $             - | $              - |  $           - |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| EXPENSES                         |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| Accounting      and audit        | 1,550                                                          | 1,550                                                          | 4,650                                                                            | 5,543                                                                                  | 18,342                                                                     |
| Consulting                       | -                                                              | -                                                              | -                                                                                | -                                                                                      | 5,000                                                                      |
| Exploration      expenses        | -                                                              | -                                                              | 1,321                                                                            | -                                                                                      | 12,642                                                                     |
| Filing      fees                 | -                                                              | -                                                              | -                                                                                | 153                                                                                    | 153                                                                        |
| Incorporation      costs         | -                                                              | -                                                              | -                                                                                | -                                                                                      | 870                                                                        |
| Legal                            | -                                                              | 309                                                            | -                                                                                | 7,799                                                                                  | 22,512                                                                     |
| Management      fees             | 3,000                                                          | 3,000                                                          | 9,000                                                                            | 9,000                                                                                  | 26,000                                                                     |
| Office                           | 55                                                             | 377                                                            | 289                                                                              | 2,466                                                                                  | 3,608                                                                      |
| Rent                             | 600                                                            | 600                                                            | 1,800                                                                            | 1,800                                                                                  | 5,200                                                                      |
| Telephone                        | 300                                                            | 300                                                            | 900                                                                              | 900                                                                                    |      2,600                                        |
| Transfer      agent’s fees |         -              | 2,250                                                          |          364                        |     3,588                                                          |     3,952                                              |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| NET      LOSS FROM OPERATIONS    | $(5,505)                                                       | $(8,386)                                                       | $      (18,324)                                                                  | $  (31,249)                                                                  | $(100,879)                                                                 |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| NET      LOSS PER COMMON SHARE   |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| Basic      and diluted           | $     (0.00)                          | $  (0.00)                                            | $  (0.00)                                                              | $  (0.01)                                                                    |                                                                       |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| AVERAGE      OUTSTANDING SHARES  |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
|                             |                                                           |                                                           |                                                                             |                                                                                   |                                                                       |
| Basic                            | 4,541,000                                                      | 4,541,000                                                      | 4,541,000                                                                        | 4,541,000                                                                              |                                                                       |

----

|                                                                                      |  For      the nine months endedDec. 31, 2009             |  For      the nine months      endedDec. 31, 2008        | From      July 24, 2007 (date      of inception) toDec. 31, 2009                       |
|-------------------------------------------------------------------------------------------|---------------------------------------------------------------|---------------------------------------------------------------|---------------------------------------------------------------------------------------------|
|                                                                                      |                                                          |                                                          |                                                                                        |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                |                                                          |                                                          |                                                                                        |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Net      loss                                                                             | $      (18,324)                                               | $   (31,249)                                   | $  (100,879)                                                                      |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Adjustments      to reconcile net loss to net cash provided      by operating activities: |                                                          |                                                          |                                                                                        |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Capital      contributions – expenses                                               | 11,700                                                        | 11,700                                                        | 33,800                                                                                      |
| Changes      in accounts payable                                                          |       975                       |       2,534                     |     11,406                                                              |
| Net      Cash  Provided (Used) in Operations                                    | (5,649)                                                       | (17,015)                                                      | (55,673)                                                                                    |
|                                                                                      |                                                          |                                                          |                                                                                        |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                |           - |           - |            -     |
|                                                                                      |                                                          |                                                          |                                                                                        |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                 |                                                          |                                                          |                                                                                        |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Proceeds from loan from related      party                                                | 4,840                                                         |   6,742                                             |        14,787                                            |
| Proceeds from issuance of common      stock                                               |           - |         -             |  43,300                                                                                |
|                                                                                      |   4,840                                             | 6,742                                                         | 58,087                                                                                      |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Net      Increase in Cash                                                                 | (809)                                                         | (10,273)                                                      | 2,414                                                                                       |
|                                                                                      |                                                          |                                                          |                                                                                        |
| Cash      at Beginning of Period                                                          | 3,223                                                         | 13,496                                                        |          -                                     |
|                                                                                      |                                                          |                                                          |                                                                                        |
| CASH      AT END OF PERIOD                                                                | $    2,414                                | $      3.223                         | $      2,414                                                  |

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|   | Basic and Diluted Net      Income (loss) Per Share |
|--------|----------------------------------------------------|

|   | Basic      net income (loss) per share amounts are computed based on the weighted      average number of shares actually outstanding.   Diluted      net income (loss) per share amounts are computed using the weighted      average number of common and common equivalent shares outstanding as if      shares had been issued on the exercise of any common share rights unless      the exercise becomes antidilutive and then only the basic per share      amounts are shown in the report. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | The      carrying amounts of financial instruments are considered by management to      be their fair value due to their short term  maturities. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Statement of Cash      Flows |
|--------|------------------------------|

|   | For      the purposes of the statement of cash flows, the Company considers all      highly liquid investments with a maturity of three months or less to be      cash equivalents. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Environmental      Requirements |
|--------|---------------------------------|

|   | At      the report date environmental requirements related to the mineral claim      acquired are unknown and therefore any estimate of any future cost cannot      be made. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company acquired  a mineral claim known as the Bhavnagar Gold      Claim located near Surat in the Republic of India for $5,000 from Bhindi      Mines LLC, an unrelated company located at Bhopol, India.  The      claim, under Indian mineral law, remains in good standing until such time      as the Company abandons it. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | GOING      CONCERN |
|----|--------------------|

|   | The      Company will need additional working capital to service its debt and to      develop the mineral claims acquired, which raises substantial doubt about      its ability to continue as a going concern.   Continuation      of the Company as a going concern is dependent upon obtaining additional      working capital and the management of the Company has developed a      strategy, which it believes will accomplish this objective through      additional equity funding, and long term financing, which will enable the      Company to operate for the comingyear. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Expenses                         | Amount                   | Description                                                                                                                                                                                                                                                            |
|----------------------------------|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                             |                     |                                                                                                                                                                                                                                                                   |
| Accounting                       | $   4,725 |     Fees to      the independent accountant for preparing the working papers for the      quarters ended for June, 30, September 30 and December 31, 2010 and annual      financial statements as at March 31 for submission to our      auditors. |
| Audit                            | 4,000                    |     Review      of the quarterly financial statements for June 30, September 30 and      December 31 and audit of the annual financial statements for the year      ended March 31.                                                                |
| Edgarzing      fees              | 1,000                    |     Filing      this Form 10-Q and other Form 10-Qs and 10-K.                                                                                                                                                                                      |
| Filing      fees                 | 225                      |     Annual      fee to the Secretary of State for Nevada                                                                                                                                                                                           |
| Miscellaneous                    | 1,000                    |     Accrual      for expenses not known at this time.                                                                                                                                                                                              |
| Office                           | 500                      |     Photocopying,      delivery and fax expenses                                                                                                                                                                                                   |
| Transfer      agent’s fees |    1,000  | Annual      fee of $500 and estimated miscellaneous charges of $500                                                                                                                                                                                                    |
|                             | $      12,450            |                                                                                                                                                                                                                                                                   |

----

| Cash      requirements over the next twelve months as determined    above                                                                                                            | $    12,450 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| Add:  Accounts      payable to third parties                                                                                                                               |  11,406                    |
|                                                                                                                                                                                 | 23,856                          |
| Deduct:                      Cash      on hand as at December 31, 2009 | (2,414)                         |
| Estimated cash requirements for      the next twelve months                                                                                                                          | $   21,442       |

----

| Expense                          | Inception      to Dec. 31, 2009           |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|----------------------------------|-------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                             |                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Accounting      and audit        | $  18,342                       |   | Preparation      of working papers for September 30, December 31, March 31 and June 30 for      submission to our independent accountants for examination and/or audit of      the financial statements                                                                                                                                                                                                                                        |
| Consulting                       | 5,000                                     |   | Assisting      in organizing the company and seeking out theBhavnagar.                                                                                                                                                                                                                                                                                                                                                                         |
| Exploration Expenses        | 12,642                                    |   | Acquiring      the Bhavnagar ($5,000), advance on Phase I exploration program ($5,000)      and obtaining certificates for the Company to do business as a mining      company in India ($1,321 for each of 2008 and 2009).                                                                                                                                                                                                                    |
| Filing      fees                 | 153                                       |   | Obtaining      CUSIP number and wire fee charges.                                                                                                                                                                                                                                                                                                                                                                                              |
| Incorporation      costs         | 870                                       |   | Incorporation      costs paid to the State of Nevada.                                                                                                                                                                                                                                                                                                                                                                                          |
| Legal                            | 22,512                                    |   | Legal      expenses relating to the preparation of Form S-1, administering the      Company’s trust account and various other legal services as      required.                                                                                                                                                                                                                                                                           |
| Management      Fees             |  26,000                              |   | The      Company does not pay management fees to its directors and officers but      realizes there is a cost associated with their services to the Company and      therefore accrues $1,000 a month in recognition of this      service.   The credit is allocated to Capital in Excess of      Par Value.   These expenses will never be paid out in cash      or shares to any of the directors or officers. |
| Office      and general          | 3,608                                     |   | General      office expenses.                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Rent                             |     5,200   |   | The      Company as its office the private residence of its President but does not      pay him any money.   Nevertheless it gives recognition to      rent expense by accruing $200 per month with an offsetting credit to      Capital in Excess of Par Value.                                                                                                                                                                |
| Telephone                        |      2,600       |   | Similar      to management fees and rent the Company accrues $100 per month for      telephone with the credit being applied to Capital in Excess of Par      Value.                                                                                                                                                                                                                                                                           |
| Transfer      agent’s fees |   3,952                         |   | Preparation      of share certificates for the shareholders                                                                                                                                                                                                                                                                                                                                                                                    |
|                             |                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Total      expenses              | $  100,879                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

| Auditors                 | For      the review of the December 31, 2009 financial statements                                       | $   500 |
|--------------------------|---------------------------------------------------------------------------------------------------------|------------------------|
| Internal      accountant | For      preparation of the working papers for the various year ends and each of      quarterly periods | 10,342                 |
| Office      expenses     | Unpaid      amounts for photocopying, fax and courier                                                   |    564  |
|                     | Total      accounts payable to third parties – December 31, 2009                                  | $  11,406    |

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| ● | our      variations in our operations results, either quarterly or      annually;                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                        |
| ● | trading      patterns and share prices in other exploration companies which our      shareholders consider similar to ours; |
|    |                                                                                                                        |
| ● | the      exploration results on the Bhavnagar Gold Claim, and                                                               |
|    |                                                                                                                        |
| ● | other      events which we have no controlover.                                                                             |

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| Exhibit No.      | Description                                                                                                                                                                                        |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                                                                                                               |
| 3.1              | Certificate      of Incorporation (incorporated by reference from Sweetwater Resources      Registration Statement on Form S-1 filed on June 2, 2008, Registration No.      333-151339).           |
|             |                                                                                                                                                                                               |
| 3.2              | Certificate      of Correction (incorporated by reference from Sweetwater Resources      Registration Statement on Form S-1 filed on June 2, 2008, Registration No.      333-151339).              |
|             |                                                                                                                                                                                               |
| 3.3              | Articles      of Incorporation (incorporated by reference from Sweetwater Resources      Registration Statement on Form S-1 filed on June 2, 2008, Registration No.      333-151339).              |
|             |                                                                                                                                                                                               |
| 3.4              | Bylaws      (incorporated by reference from Sweetwater Resources Registration      Statement on Form S-1 filed on June 2, 2008, Registration No.      333-151339)                                  |
|             |                                                                                                                                                                                               |
| 10.1   | Transfer      Agent and Registrar Agreement (incorporated by reference from Sweetwater      Resources Registration Statement on Form S-1 filed on June 2, 2008,      Registration No. 333-151339). |

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|                        | SWEETWATER RESOURCES,  INC.                              |
|-----------------------------|----------------------------------------------------------|
|                        |      (Registrant)               |
|                        |                                                     |
|                        |                                                     |
| Date:      February 3, 2010 | JOSE MADAPPILLY                                          |
|                        | Chief      Executive Officer, President and Director     |
|                        |                                                     |
| Date:      February 3, 2010 | JAIJU MAKIAKAL                                           |
|                        | Chief      Financial Officer,Secretary      and Director |
|                        |                                                     |

----