----

----

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

| [  ]  | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------|------------------------------------------------------------------------------------|

| Nevada(State or other jurisdiction ofincorporation or organization)                                                                                                                                                                                                                                                                          | 27-4429450 (I.R.S. employeridentification number) |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|
|  16 Market Square Center1400 16th Street Suite 400Denver, CO 80202Tel: 720.932.8389Fax: 720.932.8189(Address of principal executive offices and zip code)  Copies to:Davis Graham & Stubbs LLP1550 Seventeenth Street, Suite 500Denver, CO 80202Phone:  (303) 892-7344Fax:  (303) 893-1379  |

----

| Large accelerated filer    | o                                                    |
|---------------------------------|------------------------------------------------------|
| Non-accelerated filer      | o(Do not check if a smaller reporting company)  |
| Accelerated filer          | o                                                    |
| Smaller reporting company  | x                                                    |

----

| PART I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  Page No. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| Item 1.  Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 4              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 12             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 15             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| Item 4.  Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 15             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| Item 4T. Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 15             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
| PART II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |           |
|  Item 1.  Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 15             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 1A. Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 3.  Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 4.  Submission of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 5.  Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |
|  Item 6.  Exhibits                                                                                                                                          | 16             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |           |

----

ITEM 1. FINANCIAL STATEMENTS

| AMERICAN POWER CORPORATION              |   | PAGE   |   |
|-----------------------------------------|--------|--------|--------|
|                                    |   |   |   |
| Balance Sheets                          |   |   | 5      |   |
|                                    |   |   |   |   |
| Statements of Operations                |   |   | 6      |   |
|                                    |   |   |   |   |
| Statement of Stockholders’ Equity |   |   | 7      |   |
|                                    |   |   |   |   |
| Statements of Cash Flows                |   |   | 8      |   |
|                                    |   |   |   |   |
| Notes to Financial Statements           |   |   | 9      |   |

----

| AMERICAN POWER CORP.                                                                                                                                                                                                 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                                                                                                                                                       |   |
| BALANCE SHEETS                                                                                                                                                                                                       |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                                                                                                                 |   | June 30, 2011 |   |   | September 30, 2010 |   |
|                                                                                                                                                                                                                 |   | (Unaudited) |   |   | (Audited) |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |
| ASSETS                                                                                                                                                                                                               |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                                                                                                                                       |   |   |   |   |   |   |
| Cash                                                                                                                                                                                                                 |   | $ | 323,335 |   |   | $ | 520,852 |   |
| Prepaids and deposit                                                                                                                                                                                                 |   |   | 55,415 |   |   |   | 6,324 |   |
| Advances to related party                                                                                                                                                                                            |   |   | - |   |   |   | 18,416 |   |
| TOTAL CURRENT ASSETS                                                                                                                                                                                                 |   |   | 378,750 |   |   |   | 545,592 |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| OTHER ASSETS                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Mineral property                                                                                                                                                                                                     |   |   | 2,670,500 |   |   |   | 2,670,500 |   |
| Equipment - net                                                                                                                                                                                                      |   |   | 3,528 |   |   |   | 4,480 |   |
| Website - net                                                                                                                                                                                                        |   |   | 28,731 |   |   |   | 28,297 |   |
| TOTAL ASSETS                                                                                                                                                                                                         |   | $ | 3,081,509 |   |   | $ | 3,248,869 |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                           |   |   |   |   |   |   |   |   |
| CURRENT  LIABILITIES                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                                                                                                                                                             |   | $ | 44,289 |   |   | $ | 18,728 |   |
| Promissory notes, current portion                                                                                                                                                                                    |   |   | 400,000 |   |   |   | 600,000 |   |
| TOTAL CURRENT LIABILITIES                                                                                                                                                                                            |   |   | 444,289 |   |   |   | 618,728 |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| LONG TERM LIABILITIES                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Promissory notes, net of current portion, net of debt discount of $856,252 ($1,105,729 September 30, 2010)                                                                                                           |   |   | 1,643,746 |   |   |   | 1,794,271 |   |
| TOTAL LIABILITIES                                                                                                                                                                                                    |   |   | 2,088,035 |   |   |   | 2,412,999 |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| STOCKHOLDERS’  EQUITY                                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Capital stock                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |
| Authorized 500,000,000 shares of common stock, $0.001 par value.          Issued and outstanding 92,952,085 shares of common stock (90,480,000 September 30, 2010) |   |   | 92,951 |   |   |   | 90,480 |   |
|         Additional paid in capital                                                                                                                                           |   |   | 2,957,037 |   |   |   | 528,098 |   |
|         Stock payable                                                                                                                                                        |   |   | 219,166 |   |   |   | 1,106,410 |   |
| Accumulated deficit during exploration stage                                                                                                                                                                         |   |   | (2,275,680 | ) |   |   | (889,118 | ) |
| TOTAL STOCKHOLDERS’ EQUITY                                                                                                                                                                                     |   |   | 993,474 |   |   |   | 835,870 |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’  EQUITY                                                                                                                                                          |   | $ | 3,081,509 |   |   | $ | 3,248,869 |   |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.                                                                                                                                           |   |   |   |   |   |

----

|                                                                                        |
|---------------------------------------------------------------------------------------------|
|                                                                                        |
|                                                                                        |
| AMERICAN POWER CORP. (An Exploration Stage Company)STATEMENTS OF OPERATIONS(Unaudited) |
|                                                                                        |   | Three Months Ended June 30, |   |   | Nine Months Ended June 30, |   |   | Cumulative results (August 7, 2007) from inceptionJune 30, 2011 |   |
|                                                                                        | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
| REVENUES                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                                    |   | $ | - |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | - |   |
| Total revenues                                                                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EXPENSES                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Office and general                                                                          |   |   | 86,215 |   |   |   | 12,359 |   |   |   | 215,858 |   |   |   | 18,962 |   |   |   | 313,210 |   |
| Management fees                                                                             |   |   | 113,334 |   |   |   | 15,000 |   |   |   | 726,667 |   |   |   | 15,000 |   |   |   | 925,331 |   |
| Professional fees                                                                           |   |   | 35,191 |   |   |   | 23,354 |   |   |   | 88,635 |   |   |   | 37,341 |   |   |   | 179,486 |   |
| Gain on debt forgiveness                                                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,000 | ) |
| Exploration costs                                                                           |   |   | 60,112 |   |   |   |   |   |   |   | 105,868 |   |   |   | - |   |   |   | 105,868 |   |
| Total expenses                                                                              |   |   | (294,852 | ) |   |   | (50,713 | ) |   |   | (1,137,028 | ) |   |   | (71,303 | ) |   |   | (1,515,895 | ) |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER INCOME (EXPENSE)                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                            |   |   | (78,873 | ) |   |   | (16,605 | ) |   |   | (249,534 | ) |   |   | (16,605 | ) |   |   | (446,908 | ) |
| Loss on debt settlement                                                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (237,807 | ) |
| Total other expenses                                                                        |   |   | (78,873 | ) |   |   | (16,605 | ) |   |   | (249,534 | ) |   |   | (16,605 | ) |   |   | (684,715 | ) |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                                    |   | $ | (373,725 | ) |   | $ | (67,318 | ) |   | $ | (1,386,562 | ) |   | $ | (87,908 | ) |   | $ | (2,200,610 | ) |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC LOSS PER COMMON SHARE                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                        | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.02 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC                                |   |   | 92,901,689 |   |   |   | 89,496,483 |   |   |   | 91,847,442 |   |   |   |  88,085,494 |   |   |   |   |   |

----

| AMERICAN POWER CORP.                                                                                                                            |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                                                                                  |   |
| STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                     |   |
| From inception (August 7, 2007) to June 30, 2011                                                                                                |   |
| (Unaudited)                                                                                                                                     |   |
|                                                                                                                                            |   | Common Stock |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                            |   | Number of shares |   |   | Amount |   |   | Additional Paid-in Capital |   |   | Share Subscription Receivable |   |   | Stock Payable |   |   | Deficit accumulated during the exploration stage |   |   | Total |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, August 7, 2007 (Inception)                                                                                                             |   |   | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Common stock issued for cash at $0.001per share on August 13, 2007                                                                              |   |   | 44,200,000 |   |   |   | 44,200 |   |   |   | - |   |   |   | (8,500 | ) |   |   | - |   |   |   | (35,700 | ) |   |   | - |   |
| Net loss                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,525 | ) |   |   | (2,525 | ) |
| Balance, September 30, 2007                                                                                                                     |   |   | 44,200,000 |   |   |   | 44,200 |   |   |   | - |   |   |   | (8,500 | ) |   |   | - |   |   |   | (38,225 | ) |   |   | (2,525 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Subscription Receivable                                                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8,500 |   |   |   | - |   |   |   | - |   |   |   | 8,500 |   |
| Common stock issued for cash at $0.03per share July and August 2008                                                                             |   |   | 43,180,000 |   |   |   | 43,180 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (39,370 | ) |   |   | 3,810 |   |
| Net loss                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (12,964 | ) |   |   | (12,964 | ) |
| Balance, September 30, 2008                                                                                                                     |   |   | 87,380,000 |   |   |   | 87,380 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (90,559 | ) |   |   | (3,179 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   | (21,338 | ) |   |   | (21,338 | ) |
| Balance, September 30, 2009                                                                                                                     |   |   | 87,380,000 |   |   |   | 87,380 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (111,897 | ) |   |   | (24,517 | ) |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Forgiveness of debt by former director                                                                                                          |   |   |   |   |   |   | - |   |   |   | 16,198 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 16,198 |   |
| Common Stock, issued for mineral property at $0.05 per share April 9, 2010                                                                      |   |   | 2,300,000 |   |   |   | 2,300 |   |   |   | 112,700 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 115,000 |   |
| Common stock issued for cash at $0.50per share June 25, 2010                                                                                    |   |   | 800,000 |   |   |   | 800 |   |   |   | 399,200 |   |   |   | - |   |   |   |   |   |   |   | - |   |   |   | 400,000 |   |
| Common stock  to be issued on debt totalling $208,603 (including interest of $8,603) conversion at $0.50 per share September 10, 2010 |   |   |     - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 446,410 |   |   |   | - |   |   |   | 446,410 |   |
| Common stock to be issued for services at $0.96 per share at September 30, 2010                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 160,000 |   |   |   | - |   |   |   | 160,000 |   |
| Private placement received in advance                                                                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 500,000 |   |   |   | - |   |   |   | 500,000 |   |
| Net loss                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (777,221 | ) |   |   | (777,221 | ) |
| Balance,  September 30, 2010                                                                                                          |   |   | 90,480,000 |   |   |   | 90,480 |   |   |   | 528,098 |   |   |   | - |   |   |   | 1,106,410 |   |   |   | (889,118 | ) |   |   | 835,870 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for 595,238 units at $0.84 per unit on October 5, 2010                                                                      |   |   | 595,238 |   |   |   | 595 |   |   |   | 499,405 |   |   |   | - |   |   |   | (500,000 | ) |   |   | - |   |   |   | - |   |
| Common stock issued for 449,438 units at $0.89 per unit on January 25, 2011                                                                     |   |   | 449,438 |   |   |   | 449 |   |   |   | 399,551 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 400,000 |   |
| Common stock issued for 510,204 units at $0.98 per unit on February 23, 2011                                                                    |   |   | 510,204 |   |   |   | 510 |   |   |   | 499,490 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 500,000 |   |
| Common stock issued for stock payable on April 5, 2011                                                                                          |   |   | 417,205 |   |   |   | 417 |   |   |   | 445,993 |   |   |   | - |   |   |   | (446,410 | ) |   |   | - |   |   |   | - |   |
| Common stock issued for services on April 5, 2011 , 250,000 shares vested on October 31, 2010 and 250,000 shares vested on January 31, 2011     |   |   | 500,000 |   |   |   | 500 |   |   |   | 584,500 |   |   |   | - |   |   |   | (160,000 | ) |   |   | - |   |   |   | 425,000 |   |
| Common stock to be issued for services at June 30, 2011                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 219,166 |   |   |   | - |   |   |   | 219,166 |   |
| Net loss                                                                                                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,386,562 | ) |   |   | (1,386,562 | ) |
| Balance,  June 30, 2011                                                                                                               |   |   | 92,952,085 |   |   | $ | 92,951 |   |   | $ | 2,957,037 |   |   | $ | - |   |   | $ | 219,166 |   |   | $ | (2,275,680 | ) |   | $ | 993,474 |   |
|                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.                                                                      |   |

----

| AMERICAN POWER CORP.                                                                   |   |
|----------------------------------------------------------------------------------------|--------|
| (An Exploration Stage Company)                                                         |   |
| STATEMENTS OF CASH FLOWS                                                               |   |
| (Unaudited)                                                                            |   |
|                                                                                   |   | Nine Months EndedJune 30,2011 |   |   | Nine Months EndedJune 30, 2010 |   |   | Cumulative results from inception (August 7, 2007) to June 30, 2011 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                               |   | $ | (1,386,562 | ) |   | $ | (87,908 | ) |   | $ | (2,200,610 | ) |
| Adjustment to reconcile net loss to net cash                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| used in operating activities                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                          |   |   | 8,272 |   |   |   | 1,480 |   |   |   | 11,643 |   |
| Stock-based compensation                                                               |   |   | 644,166 |   |   |   | - |   |   |   | 804,167 |   |
| Accretion of debt discount                                                             |   |   | 249,475 |   |   |   | 12,002 |   |   |   | 446,849 |   |
| Gain on extinguishment of debt                                                         |   |   | - |   |   |   | - |   |   |   | (8,000 | ) |
| Loss on extinguishment of debt                                                         |   |   | - |   |   |   | - |   |   |   | 237,807 |   |
| (Increase) in prepaid expenses                                                         |   |   | (49,091 | ) |   |   | (13,256 | ) |   |   | (55,415 | ) |
| Decrease in advances to related party                                                  |   |   | 18,416 |   |   |   | - |   |   |   | - |   |
| Decrease  in accounts payable and accrued liabilities                        |   |   | 25,561 |   |   |   | 9,120 |   |   |   | 52,288 |   |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                                    |   |   | (489,763 | ) |   |   | (78,562 | ) |   |   | (711,271 | ) |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Website                                                                                |   |   | (7,754 | ) |   |   | (21,511 | ) |   |   | (38,945 | ) |
| Equipment                                                                              |   |   | - |   |   |   | (3,911 | ) |   |   | (4,957 | ) |
| Mineral property                                                                       |   |   | - |   |   |   | (350,000 | ) |   |   | (350,000 | ) |
| NET CASH USED IN INVESTING ACTIVITIES                                                  |   |   | (7,754 | ) |   |   | (375,422 | ) |   |   | (393,902 | ) |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from sale of common stock                                                     |   |   | 900,000 |   |   |   | 400,000 |   |   |   | 1,812,310 |   |
| Loans from related party                                                               |   |   | - |   |   |   | 28,442 |   |   |   | 16,198 |   |
| Proceeds from notes payable                                                            |   |   | - |   |   |   | 200,000 |   |   |   | 200,000 |   |
| Payment on promissory note                                                             |   |   | (600,000 | ) |   |   | - |   |   |   | (600,000 | ) |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                                    |   |   | 300,000 |   |   |   | 628,442 |   |   |   | 1,428,508 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCREASE ( DECREASE) IN CASH                                                       |   |   | (197,517 | ) |   |   | 174,458 |   |   |   | 323,355 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH, BEGINNING OF PERIOD                                                              |   |   | 520,852 |   |   |   | 147 |   |   |   | - |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH, END OF PERIOD                                                                    |   | $ | 323,335 |   |   | $ | 174,605 |   |   | $ | 323,335 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental cash flow information and noncash financing activities:                   |   |   |   |   |   |   |   |   |   |
| Cancellation of shares                                                                 |   | $ | - |   |   | $ | 2,845,800 |   |   | $ | 2,845,800 |   |
| Common stock payable for property acquisition                                          |   | $ | - |   |   | $ | 115,000 |   |   | $ | 115,000 |   |
| Promissory notes issued for property                                                   |   | $ | - |   |   | $ | 1,000,000 |   |   | $ | 2,405,500 |   |
| Forgiveness of debt by former director                                                 |   | $ | - |   |   | $ | 16,198 |   |   | $ | 16,198 |   |
| Common stock issued to satisfy common stock payable                                    |   | $ | 1,106,410 |   |   | $ | - |   |   | $ | 1,106,410 |   |
| Conversion of debt totalling $208,603, (including interest of $8,603) for common stock |   | $ | - |   |   | $ | - |   |   | $ | 446,410 |   |
| The accompanying notes are an integral part of these financial statements.             |   |

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AMERICAN POWER CORP

NC

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ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

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|                      |   | AtJune 30,2010 |     |   | AtSeptember30,2010 |   |
|---------------------------|--------|----------------|----------|--------|--------------------|--------|
|                      |   |           |     |   |               |   |
| Current assets            |   | $              | 378,750  |   |               | $      | 545,592 |   |
| Current liabilities       |   |           | 444,289  |   |               |   | 618,728 |   |
| Working capital (deficit) |   | $              | (65,539) |   |               | $      | (73,136 | )  |

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|                                      |   | Nine-months Ended |      |
|-------------------------------------------|--------|-------------------|-----------|
|                                      |   | June 30,          |      |
|                                      |   | 2011              |      |   | 2011 |   |
|                                      |   |              |      |   |   |   |
| Net Cash Used in Operating Activities     |   | $                 | (489,763  | )  |   |  $ | (78,562 | ) |
| Net Cash Used in Investing Activities     |   |              | (7,754    | )  |   |   | (375,422 | ) |
| Net Cash Provided by Financing Activities |   |              | 300,000   |   |   |   | 628,442 |   |
| Net Increase (Decrease) in Cash           |   | $                 | (197,517) |   |   | $  | 174,458 |   |

Arr

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT 

ITEM 4. CONTROLS 

ITEM 1.      LEGAL 

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ITEM 1A.   
ACT

ITEM 2. 

ITEM 3

ITEM 4.  

ITEM 5

ITEM 6

31.1

31.2

32.1

32.2

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|                  |                                                                    |                                                           |
|-----------------------|-------------------------------------------------------------------------|----------------------------------------------------------------|
|                  | AMERICAN POWER CORPORATION (Registrant)                            |
|                  |                                                                    |                                                           |
| Date: August 15, 2011 | By:                                                                     | /s/ Alvaro Valencia                                            |
|                  |                                                                    | Alvaro ValenciaChief Executive Officer, President and Director |
|                  |                                                                    |                                                           |
|                  |                                                                    |                                                           |
| Date: August 15, 2011 | By:                                                           | /s/ Johannes Petersen                                          |
|                  | Johannes PetersenChief Financial Officer, Secretary, and Director  |

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