----

----

**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D. C. 20549**

**FORM      10-QSB**

| (x) | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

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

**APEX      RESOURCES GROUP, INC.**

| UTAH                                                                          | 87-0403828                                          |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification No.) |
|                                                                          |                                                |
| 299                S. Main Street, Suite 1300, Salt Lake City, Utah           | 84111                                               |
| (Address                of principal executive offices)                       | (Zip                Code)                           |

----

|                   |                                                                                                                                                                                                              | Page   |
|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
|                   |                                                                                                                                                                                                              | Number           |
| PART                I. |                                                                                                                                                                                                              |
|                   |                                                                                                                                                                                                              |             |
| ITEM                1. | Financial                Statements (unaudited)                                                                                                                                                                   | 3                |
|                   |                                                                                                                                                                                                              |             |
|                   | Balance                SheetAs                of March 31, 2007 and June 30, 2006                                                                                                                                 |  4          |
|                   |                                                                                                                                                                                                              |             |
|                   | Statements                of OperationsThree                Months and Nine Months Ended March 31, 2007 and 2006 and the Period                from                Inception (January 27, 1984) to March 31, 2007 |  5          |
|                   |                                                                                                                                                                                                              |             |
|                   | Statement                of Cash FlowsNine                Months Ended March 31, 2007 and 2006 and the Period from Inception                (January 27, 1984) to March 31, 2007                                  |  6          |
|                   |                                                                                                                                                                                                              |             |
|                   | Notes                to Financial Statements                                                                                                                                                                      |  7          |
|                   |                                                                                                                                                                                                              |             |
| ITEM                2. | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations                                                                                         |  12         |
|                   |                                                                                                                                                                                                              |             |
| ITEM                3. | Controls                and Procedures                                                                                                                                                                            |  17         |
|                   |                                                                                                                                                                                                              |             |
| PART                II |                                                                                                                                                                                                              |
|                   |                                                                                                                                                                                                              |             |
| ITEM                2. | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                        |  17         |
|                   |                                                                                                                                                                                                              |             |
| ITEM                5. | Other                Information                                                                                                                                                                                  |  18         |
|                   |                                                                                                                                                                                                              |             |
| ITEM                6. | Exhibits                                                                                                                                                                                                          |  18         |
|                   |                                                                                                                                                                                                              |             |
| Signatures             |  19                                                                                                                                                                                                          |

----

**PART      I - FINANCIAL INFORMATION**

| **ITEM                1.** | **FINANCIAL                STATEMENTS** |
|----------------------------|-----------------------------------------|

----

**APEX      RESOURCES GROUP, INC.**

**(DEVELOPMENT      STAGE COMPANY)**

**BALANCE      SHEET**

|                                                                                                                    |   | March                31, 2007 |       | June                30, 2006 |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|------------------------------|--------|
| **CURRENT                ASSETS**                                                                                       |   |                          |       |                         |   |
| Cash                                                                                                                    |   |                          | 9,770      |                         |   | 6,775 |   |
| Total                Current Assets                                                                                     |   |                          | 9,770      |                         |   | 6,775 |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **PROPERTY                  AND EQUIPMENT**                  -                  net of accumulated depreciation         |   |                          | 103,183    |                         |   | 167,005 |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **OTHER                ASSETS**                                                                                         |   |                          |       |                         |   |   |   |
| Accounts                receivable - affiliates                                                                         |   |                          | 49,879     |                         |   | 70,210 |   |
| Oil                leases                                                                                               |   |                          | 67,913     |                         |   | 67,913 |   |
| Available                for sale securities                                                                            |   |                          | 2,428      |                         |   | 2,428 |   |
| Land                                                                                                                    |   |                          | 34,352     |                         |   | 92,679 |   |
| Land                - Canada                                                                                            |   |                          | -          |                         |   |   |   |
|                                                                                                                    |   |                          | 154,572    |                         |   | 233,230 |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **Total                Assets**                                                                                         |   |                          | 267,525    |                         |   | 407,010 |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIT**                                                                |   |                          |       |                         |   |   |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **CURRENT                LIABILITIES**                                                                                  |   |                          |       |                         |   |   |   |
| Accounts                payable                                                                                         |   |                          | 168,850    |                         |   | 74,718 |   |
| Note                Payable - Land                                                                                      |   |                          | -          |                         |   | - |   |
| Accounts                payable - related parties                                                                       |   |                          | 67,056     |                         |   | 807,686 |   |
| Total                Current Liabilities                                                                                |   |                          | 235,906    |                         |   | 882,404 |   |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **STOCKHOLDERS'                EQUITY**                                                                                 |   |                          |       |                         |   |   |   |
| Common                stock                                                                                             |   |                          |       |                         |   |   |   |
| 400,000,000                  shares authorized, at $.001 par value; 120,681,870 issued and                  outstanding |   |                          | 120,682    |                         |   | 92,625 |   |
| Capital                in excess of par value                                                                           |   |                          | 9,505,281  |                         |   | 10,983,235 |   |
| Less                stock subscriptions receivable                                                                      |   |                          | (274,209   | )                            |   | (2,427,000 | ) |
| Deficit                accumulated during the development stage                                                         |   |                          | (9,320,135 | )                            |   | (9,124,254 | ) |
| Total                Stockholders' Equity                                                                               |   |                          | 31,619     |                         |   | (475,394 | ) |
|                                                                                                                    |   |                          |       |                         |   |   |   |
| **TOTAL                LIABILITIES AND STOCKHOLDERS' EQUITY**                                                           |   |                          | 267,525    |                         |   | 407,010 |   |

----

**APEX      RESOURCES GROUP, INC.**

**(DEVELOPMENT      STAGE COMPANY)**

**STATEMENTS      OF OPERATIONS**

|                                                                |   | 3                months ended March 31, |        | 9                months ended March 31 |   | Jan.                27, 1984 (date of inception of development stage) to March                31, |   |
|---------------------------------------------------------------------|--------|-----------------------------------------|-------------|----------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|
|                                                                |   | 2007                                    |        | 2006                                   |   | 2007                                                                                              |   | 2006 |   | 2007 |   |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |
| **REVENUES**                                                        |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |
| Other                non-operating income                           |   | $                                       | 318         |                                   | $      | 1,299                                                                                             |   | $ | 968 |   | $ | 5,083 |   | $ | 369,111 |   |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| **EXPENSES**                                                        |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Exploration,                development and administrative - Note 6 |   |                                    | 124,511     |                                   |   | 42,877                                                                                            |   |   | 318,657 |   |   | 238,686 |   |   | 10,982,907 |   |
| Depreciation                                                        |   |                                    | 6,000       |                                   |   | 6,000                                                                                             |   |   | 16,656 |   |   | 18,000 |   |   | 188,758 |   |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Total                operating expenses                             |   |                                    | 130,511     |                                   |   | 48,877                                                                                            |   |   | 335,313 |   |   | 256,686 |   |   | 11,171,665 |   |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| NET                (LOSS) - before other income (expense)           |   |                                    | (130,193    | )                                      |   | (47,578                                                                                           | )      |   | (334,345 | ) |   | (251,603 | ) |   | (10,802,554 | ) |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Gain                on sale of assets                               |   |                                    | -           |                                   |   | -                                                                                                 |   |   | 141,636 |   |   | 39,249 |   |   | 1,511,945 |   |
| Loss                on land foreclosure                             |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   | (1,744 | ) |
| Interest                expense                                     |   |                                    | (1,840      | )                                      |   | (2,000                                                                                            | )      |   | (3,172 | ) |   | (22,525 | ) |   | (27,782 | ) |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| NET                (LOSS)                                           |   |                                    | (132,033    | )                                      |   | (49,578                                                                                           | )      |   | (195,881 | ) |   | (234,879 | ) |   | (9,320,135 | ) |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Basic                net (loss) per common share                    |   | $                                       | (0.00       | )                                      | $      | (0.00                                                                                             | )      | $ | (0.00 | ) | $ | (0.00 | ) |   |   |   |
|                                                                |   |                                    |        |                                   |   |                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding                  |   |                                    | 114,015,203 |                                   |   | 92,625,000                                                                                        |   |   | 107,901,198 |   |   | 92,625,000 |   |   |   |   |

----

**APEX      RESOURCES GROUP, INC.**

**(DEVELOPMENT      STAGE COMPANY)**

**STATEMENTS      OF CASH FLOWS**

|                                                                                                  |   | 9                months ended March 31, |       | Jan.                27, 1984 (date of inception of development stage) toMarch                31, |   |
|-------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|--------------------------------------------------------------------------------------------------|--------|
|                                                                                                  |   | 2007                                    |       | 2006                                                                                             |   | 2007 |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |
| Cash                flows from operating activities:                                                  |   |                                    |       |                                                                                             |   |   |   |
| Net                (loss)                                                                             |   | $                                       | (195,881   | )                                                                                                | $      | (234,879 | ) | $ | (9,320,135 | ) |
| Adjustments                to reconcile net loss to cash used in operating                activities: |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Depreciation                                                                                          |   |                                    | 16,656     |                                                                                             |   | 18,000 |   |   | 188,758 |   |
| Gain                on sale of assets                                                                 |   |                                    | (141,636   | )                                                                                                |   | (39,249 | ) |   | (1,511,945 | ) |
| Common                stock issued for services                                                       |   |                                    | -          |                                                                                             |   | - |   |   | 5,322,092 |   |
| Changes                in operating assets and liabilities:                                           |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| (Increase)                decrease in accounts receivable                                             |   |                                    | 20,331     |                                                                                             |   | (357 | ) |   | (49,879 | ) |
| Increase                (decrease) in liabilities                                                     |   |                                    | 56,394     |                                                                                             |   | 223,092 |   |   | 938,798 |   |
| Net                cash used in operating activities                                                  |   | $                                       | (244,136   | )                                                                                                | $      | (33,393 | ) |   | (4,432,311 | ) |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Cash                flows from investing activities:                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Purchase                of investments                                                                |   | $                                       | -          |                                                                                             | $      | - |   |   | (2,428 | ) |
| Proceeds                from sale of assets                                                           |   |                                    | 247,131    |                                                                                             |   | 36,415 |   |   | 2,039,521 |   |
| Purchase                of oil & gas leases and mining claims                                     |   |                                    | -          |                                                                                             |   | - |   |   | (67,913 | ) |
| Purchase                of property and equipment                                                     |   |                                    | -          |                                                                                             |   | - |   |   | (616,225 | ) |
| Net                cash provided by investing activities                                              |   |                                    | 247,131    |                                                                                             |   | 36,415 |   |   | 1,352,955 |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Cash                flows from financing activities:                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Payment                of notes payable                                                               |   |                                    | -          |                                                                                             |   | (137,917 | ) |   |   |   |
| Proceeds                from notes payable                                                            |   |                                    | -          |                                                                                             |   | 277,916 |   |   |   |   |
| Net                proceeds from issuance of common stock                                             |   |                                    | -          |                                                                                             |   | - |   |   | 2,949,127 |   |
| Net                cash provided by financing activities                                              |   |                                    | 3,089,126  |                                                                                             |   |   |   |   |   |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                   |   |                                    | 2,995      |                                                                                             |   | 3,022 |   |   | 9,770 |   |
| Cash                and cash equivalents, beginning of period                                         |   |                                    | 6,775      |                                                                                             |   | 18,507 |   |   | - |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Cash                and cash equivalents, end of period                                               |   | $                                       | 9,770      |                                                                                             | $      | 21,529 |   | $ | 9,770 |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Supplemental                disclosure of cash flow information:                                      |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Interest                paid                                                                          |   | $                                       | -          |                                                                                             | $      | - |   | $ | - |   |
| Income                taxes paid                                                                      |   | $                                       | -          |                                                                                             | $      | - |   | $ | - |   |
|                                                                                                  |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Non-cash                financing activities:                                                         |   |                                    |       |                                                                                             |   |   |   |   |   |   |
| Common                stock issued for debt                                                           |   | $                                       | 600,103    |                                                                                             | $      | - |   | $ | 600,103 |   |
| Common                stock subscriptions canceled                                                    |   | $                                       | (2,450,000 | )                                                                                                | $      | - |   | $ | (2,450,000 | ) |
| Common                stock issued - stock subscription                                               |   | $                                       | 400,000    |                                                                                             |   |   |   | $ | 400,000 |   |

----

**APEX      RESOURCES GROUP, INC.**

**(Development      Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS**

**March      31, 2007**

----

**1.      ORGANIZATION AND BASIS OF PRESENTATION**

**2.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

----

**APEX      RESOURCES GROUP, INC.**

**(Development      Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS (Continued)**

**March      31, 2007**

----

**2.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**

| Office                equipment              |   |   | 145,880  |   |
|----------------------------------------------|--------|--------|----------|--------|
| Residential                rentals           |   |   | 117,345  |   |
| Less                accumulated depreciation |   |   | (160,042 | )      |
|                                         |   |   | 103,183  |   |

----

**APEX      RESOURCES GROUP, INC.**

**(Development      Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS (Continued)**

**March      31, 2007**

----

**2.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**

----

**APEX      RESOURCES GROUP, INC.**

**(Development      Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS (Continued)**

**March      31, 2007**

----

**2.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**

**3.      OIL LEASES - **

----

**APEX      RESOURCES GROUP, INC.**

**(Development      Stage Company)**

**NOTES      TO FINANCIAL STATEMENTS (Continued)**

**March      31, 2007**

----

**4.      STOCKHOLDERS’ EQUITY**

**5.      GOING CONCERN**

**6.      SCHEDULE OF EXPENSES **

|                                                     |   | **March                31,** |    |
|----------------------------------------------------------|--------|------------------------------|---------|
|                                                     |   | **2007**                     |    | **2006** |   |
|                                                     |   |                         |    |   |   |
| Travel                                                   |   | $                            | 40,478  |   | $ | 27,754 |   |
| Advertising                                              |   |                         | 28,260  |   |   | - |   |
| Office                expenses                           |   |                         | 67,260  |   |   | 25,404 |   |
| Professional                                             |   |                         | 35,384  |   |   | 22,047 |   |
| Consultants                                              |   |                         | 116,974 |   |   | 72,862 |   |
| Rent                                                     |   |                         | 25,405  |   |   | 44,179 |   |
| Exploration                and development oil & gas |   |                         | 4,896   |   |   | 1,030 |   |
| Other                                                    |   |                         | -       |   |   | 45,410 |   |
|                                                     |   |                         |    |   |   |   |   |
|                                                     |   | $                            | 318,657 |   | $ | 238,686 |   |

----

| **ITEM                2.** | **MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATION** |
|----------------------------|------------------------------------------------------------------------------------------------------------------------------|

*Management’s      Discussion and Analysis*

**General**

**Business      of the Company**

*Beaufort      Sea*

*Bastian      Bay Field, Plaquamines Parish, Louisiana*

----

*Henry      Dome Prospect, Texas*

*Abbecombec      Ocean Village Resort*

**Liquidity      and Capital Resources**

----

**Results      of Operations**

***Comparison      of the three months ended March 31, 2007 and 2006***

|                                                     |   | **Three                months ended** |    |
|----------------------------------------------------------|--------|---------------------------------------|---------|
|                                                     |   | **March                31,**          |    |
|                                                     |   | **2007**                              |    | **2006** |   |
|                                                     |   |                                  |    |   |   |
| Travel                                                   |   | $                                     | 23,259  |   | $ | 7,740 |   |
| Advertising                                              |   |                                  | 14,834  |   |   | - |   |
| Office                expenses                           |   |                                  | 31,248  |   |   | 7,380 |   |
| Professional                                             |   |                                  | 8,163   |   |   | 3,518 |   |
| Consultants                                              |   |                                  | 37,762  |   |   | 403 |   |
| Rent                                                     |   |                                  | 4,349   |   |   | 6,628 |   |
| Exploration                and development oil & gas |   |                                  | 4,896   |   |   | 1,030 |   |
| Other                                                    |   |                                  | -       |   |   | 16,178 |   |
|                                                     |   |                                  |    |   |   |   |   |
|                                                     |   | $                                     | 124,511 |   | $ | 42,877 |   |

----

***Comparison      of the nine months ended March 31, 2007 and 2006***

|                                                     |   | **Nine                months ended,** |    |
|----------------------------------------------------------|--------|---------------------------------------|---------|
|                                                     |   | **March                31,**          |    |
|                                                     |   | **2007**                              |    | **2006** |   |
|                                                     |   |                                  |    |   |   |
| Travel                                                   |   | $                                     | 40,478  |   | $ | 27,754 |   |
| Advertising                                              |   |                                  | 28,260  |   |   | - |   |
| Office                expenses                           |   |                                  | 67,260  |   |   | 25,404 |   |
| Professional                                             |   |                                  | 35,384  |   |   | 22,047 |   |
| Consultants                                              |   |                                  | 116,974 |   |   | 72,862 |   |
| Rent                                                     |   |                                  | 25,405  |   |   | 44,179 |   |
| Exploration                and development oil & gas |   |                                  | 4,896   |   |   | 1,030 |   |
| Other                                                    |   |                                  | -       |   |   | 45,410 |   |
|                                                     |   |                                  |    |   |   |   |   |
|                                                     |   | $                                     | 318,657 |   | $ | 238,686 |   |

----

----

| **ITEM                3.** | **CONTROLS                AND PROCEDURES** |
|----------------------------|--------------------------------------------|

*Evaluation      of Disclosure Controls and Procedures*

*"Certifying      Officers"*

*Changes      in Internal Control over Financial Reporting*

**PART      II - OTHER INFORMATION**

| **ITEM                2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** |
|----------------------------|-----------------------------------------------------------------------------------------------|

----

| **ITEM                5.** | **OTHER                INFORMATION** |
|----------------------------|--------------------------------------|

| **ITEM                6.** | **EXHIBITS** |
|----------------------------|--------------|

|   | 31.1 | Certification                of Principal Executive Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002 |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification                of Principal Financial Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002 |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                of Principal Executive Officer pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002 |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification                of Principal Financial Officer pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002 |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                              | **APEX                RESOURCES GROUP, INC.** |
|-----------------------------------|-----------------------------------------------|
|                              |                                          |   |
|                              |                                          |   |
|                              |                                          |   |
| Date:                May 12, 2007 | By:                                           | /s/                John R.                Rask                                                      |
|                              |                                          | John                R. Rask, President and Director |
|                              |                                          |   |
|                              |                                          |   |
|                              |                                          |   |
| Date:                May 12, 2007 | By:                                           | /s/                John M.                Hickey                                   |
|                              |                                          | John                M. Hickey, Secretary and Director |

----