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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-QSB

(Mark One)

[X]Quarterly Report Pursuant To Section 13 Or 15(d) Of
The Securities Exchange Act Of 1934

For the quarterly period ended July 31, 2006

[   ] Transition Report Under Section 13 Or 15(d) Of
The Securities Exchange Act Of 1934

For the transition period ________ to ________

COMMISSION FILE NUMBER **000-51261**

TRITON RESOURCES, INC.(Exact name of small business issuer as specified in its
charter)

|NEVADA                                           | 20-1147435                       
|------------------------------------------------ | ---------------------------------
|(State or other jurisdiction of incorporation or | (IRS Employer Identification No.)
|organization)                                    |                                  
|                                                 |                                  
|#205  1480 Gulf Road                            |                                  
|Point Roberts, WA 98281                          |                                  
|(Address of principal executive offices)         |                                  
|                                                 |                                  
|(360) 927-7354                                   |                                  
|Issuer's telephone number                        |                                  

Not Applicable(Former name, former address
and former fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past twelve
months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.Yes [X]No [   ]

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [   ] No
[X]

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: As of
September 6, 2006, the Issuer had 103,200,000 Shares of Common Stock
outstanding.

Transitional Small Business Disclosure Format (check one): Yes
[   ] No [X]

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PART I - FINANCIAL INFORMATION

ITEM
1.                    
FINANCIAL STATEMENTS.

2

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TRITON RESOURCES, INC.

(A Development Stage Company)





CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in U.S. Dollars)





July 31, 2006 
  (Unaudited)





F-1

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TRITON RESOURCES, INC.(A Development Stage Company)CONSOLIDATED BALANCE SHEET(Expressed in U.S. Dollars) 
  (Unaudited)

|                                                              |   | July 31, |   
|------------------------------------------------------------- | - | -------- | --
|                                                              |   | 2006     |   
|                                                              |   |          |   
|ASSETS                                                        |   |          |   
|                                                              |   |          |   
|Current Assets                                                |   |          |   
|Cash and cash equivalents                                     | $ | 60,318   |   
|Other receivables                                             |   | 5,019    |   
|Prepaid expenses                                              |   | 22,476   |   
|Deferred tax asset, less valuation allowance
      of $66,336 |   | -        |   
|Total Current Assets                                          |   | 87,813   |   
|                                                              |   |          |   
|Equipment (Note 4)                                            |   | 27,589   |   
|Patents (Note 4)                                              |   | 36,067   |   
|                                                              |   |          |   
|Total Assets                                                  | $ | 151,469  |   
|                                                              |   |          |   
|LIABILITIES AND STOCKHOLDERS DEFICIT                         |   |          |   
|                                                              |   |          |   
|Current Liabilities                                           |   |          |   
|Accounts payable and accrued liabilities                      | $ | 10,642   |   
|Loans Payable current (Note 5)                               |   | 108,446  |   
|Total Current Liabilities                                     |   | 119,088  |   
|                                                              |   |          |   
|Loans
      payable (Note 6)                                  |   | 151,786  |   
|                                                              |   |          |   
|Total Liabilities                                             |   | 270,874  |   
|                                                              |   |          |   
|Commitments (Note 10)                                         |   |          |   
|                                                              |   |          |   
|Stockholders Deficit                                         |   |          |   
|Common stock (Note 8)                                         |   |          |   
|Authorized                                                    |   |          |   
|975,000,000 common shares, par value $0.001                   |   |          |   
|Issued and outstanding                                        |   |          |   
|103,200,000                                                   |   | 103,200  |   
|Additional paid-in capital                                    |   | -        |   
|Accumulated other comprehensive
      income:                 |   |          |   
|Foreign currency cumulative
      translation adjustment      |   | (5,204   | ) 
|Deficit                                                       |   | (22,294  | ) 
|Deficit
      accumulated during the development stage        |   | (195,107 | ))
|                                                              |   |          |   
|Total Stockholders
      Deficit                             |   | (119,405 | ) 
|                                                              |   |          |   
|Total Liabilities
      and Stockholders Deficit             | $ | 151,469  |   

The accompanying notes are an integral part of these consolidated
  financial statements.

F-2

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TRITON RESOURCES, INC.(A Development Stage Company)CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(Expressed in U.S. Dollars) 
  (Unaudited)

CumulativeAmounts
      
      
      Nine
      
      
      
      
      
      Three
      
      
      ThreeFrom Inception
      
      
      Months
      
      
      From Inception
      
      
      Months
      
      
      Months(April 14, 2005)
      
      
      Ended
      
      
      (April 14, 2005)
      
      
      Ended
      
      
      Endedto July 31,
      
      
      July 31,
      
      
      to July 31,
      
      
      July 31,
      
      
      July 31,2006
      
      
      2006
      
      
      2005
      
      
      2006
      
      
      2005EXPENSESProfessional and management
        fees
      $
      147,139
      
      $
      101,649
      
      $
      20,399
      
      $
      37,332
      
      $
      19,981Other operating expenses
      
      47,861
      
      
      41,603
      
      
      2,474
      
      
      20,939
      
      
      2,407Foreign currency (gain) loss
      
      107
      
      
      107
      
      
      -
      
      
      63
      
      
      -LOSS BEFORE INCOME TAXES
      
      195,107
      
      
      143,359
      
      
      22,873
      
      
      58,334
      
      
      22,388Provision for income taxes
      
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      -NET LOSS
      
      195,107
      
      
      143,359
      
      
      22,873
      
      
      58,334
      
      
      22,388OTHER COMPREHENSIVE LOSSForeign currency translation adjustment
      
      5,204
      
      
      3,554
      
      
      2,595
      
      
      824
      
      
      2,490COMPREHENSIVE LOSS
      $
      200,311
      
      $
      146,913
      
      $
      25,468
      
      $
      59,158
      
      $
      24,878BASIC AND DILUTED NET LOSS PER SHARE
      
      
      
      $
      (0.00
      )
      $
      (0.00
      )
      $
      (0.00
      )
      $
      (0.00
      )WEIGHTED AVERAGE NUMBER OFCOMMON SHARES OUTSTANDING
      
      
      
      
      82,771,429
      
      
      70,200,000
      
      
      103,200,000
      
      
      70,200,000


The accompanying notes are an integral part of these consolidated
  financial statements.

F-3

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TRITON RESOURCES, INC.(A Development Stage Company)CONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in U.S. Dollars) 
  (Unaudited)

|                                                                                        |   | Cumulative       |   |   |          |   |   |                  |  
|--------------------------------------------------------------------------------------- | - | ---------------- | - | - | -------- | - | - | ---------------- | -
|                                                                                        |   | Amounts          |   |   | Nine     |   |   |                  |  
|                                                                                        |   | From Inception   |   |   | Months   |   |   | From Inception   |  
|                                                                                        |   | (April 14, 2005) |   |   | Ended    |   |   | (April 14, 2005) |  
|                                                                                        |   | to July 31,      |   |   | July 31, |   |   | to July 31,      |  
|                                                                                        |   | 2006             |   |   | 2006     |   |   | 2005             |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|CASH FLOWS FROM OPERATING ACTIVITIES                                                    |   |                  |   |   |          |   |   |                  |  
|Net loss for the period                                                                 | $ | (195,107         | ) | $ | (143,359 | ) | $ | (22,873          | )
|Adjustments to reconcile net income to cash
      used in development stage activities: |   |                  |   |   |          |   |   |                  |  
|Amortization                                                                            |   | 801              |   |   | 479      |   |   | 161              |  
|Change in operating assets and liabilities                                              |   |                  |   |   |          |   |   |                  |  
|Decrease (increase) in other receivables                                                |   | 7,446            |   |   | 9,799    |   |   | (2,156           | )
|Increase in prepaid expenses                                                            |   | (21,531          | ) |   | (21,531  | ) |   | -                |  
|Increase (decrease) in accounts payable and accrued
      liabilities                   |   | (18,630          | ) |   | (59,603  | ) |   | 9,835            |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Net cash used in operating activities                                                   |   | (227,021         | ) |   | (214,215 | ) |   | (15,033          | )
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|CASH FLOWS FROM INVESTING ACTIVITIES                                                    |   |                  |   |   |          |   |   |                  |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Acquisition of capital assets                                                           |   | (28,390          | ) |   | (3,093   | ) |   | (7,755           | )
|Acquisition of patents                                                                  |   | (36,067          | ) |   | (6,755   | ) |   | -                |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Net cash used in investing activities                                                   |   | (64,457          | ) |   | (9,848   | ) |   | (7,755           | )
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|CASH FLOWS FROM FINANCING ACTIVITIES                                                    |   |                  |   |   |          |   |   |                  |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Cash acquired from Triton
      Resources, Inc.                                         |   | 18,538           |   |   | 18,538   |   |   | -                |  
|Issuance of capital stock for cash                                                      |   | 19,365           |   |   | -        |   |   | 19,365           |  
|Shareholder contributions                                                               |   | 78,224           |   |   | 5,277    |   |   | 72,947           |  
|Return of capital to shareholder                                                        |   | (17,173          | ) |   | (17,173  | ) |   | -                |  
|Proceeds from loan receivable                                                           |   | -                |   |   | 12,060   |   |   | -                |  
|Proceeds from loans payable                                                             |   | 250,263          |   |   | 250,263  |   |   | -                |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Net cash provided by financing activities                                               |   | 349,217          |   |   | 268,965  |   |   | 92,312           |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|Provision for income taxes                                                              |   | -                |   |   | -        |   |   | -                |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|EFFECT OF FOREIGN CURRENCY TRANSLATION ON                                               |   |                  |   |   |          |   |   |                  |  
|CASH AND CASH EQUIVALENTS DURING THE PERIOD                                             |   | 2,579            |   |   | 4,229    |   |   | (2,481           | )
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|NET INCREASE IN CASH                                                                    |   | 60,318           |   |   | 49,131   |   |   | 67,043           |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                          |   | -                |   |   | 11,187   |   |   | -                |  
|                                                                                        |   |                  |   |   |          |   |   |                  |  
|CASH AND CASH EQUIVALENTS, END OF PERIOD                                                | $ | 60,318           |   | $ | 60,318   |   | $ | 67,043           |  

The accompanying notes are an integral part of these consolidated
  financial statements.

F-4

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|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|1. | HISTORY AND ORGANIZATION OF THE COMPANY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Triton Resources, Inc. (the Company) was
        incorporated on May 18, 2004, under the Laws of the State of Nevada and
        was in the business of exploring mineral properties. Effective April 19,
        2006, the Company acquired 100% of the issued and outstanding shares of
        Skyflyer Technology GmbH (Skyflyer Technology), a company
        engaged in the development and commercialization of a one person, recreation
        flying device. The Company has abandoned its mineral exploration business
        in order to focus its resources on the development of Skyflyer Technologys
        proprietary technology. The Company is considered to be a development
        stage company, as it has not generated revenues from operations.                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Effective April 19, 2006, the Company acquired 100%
        of the issued and outstanding shares of Skyflyer Technology from Inventa
        Holding GmbH (Inventa) in exchange for an aggregate of 33,000,000
        shares of the Companys common stock. In addition, Perry Auguston
        transferred 39,000,000 shares of the Companys common stock already
        issued and outstanding prior to the transaction to Inventa in exchange
        for $9,000. Completion of the acquisition resulted in the former sole
        shareholder of Skyflyer Technology holding the majority of the Companys
        issued and outstanding common stock. As a result, the transaction was
        accounted for as a recapitalization of Skyflyer Technology.                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The unaudited consolidated statements of operations
        and cash flows of the Company prior to April 19, 2006 are those of Skyflyer
        Technology. The Companys date of incorporation is considered to
        be April 14, 2005, the date of inception of Skyflyer Technology.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | These financial statements have been prepared in conformity
        with generally accepted accounting principles in the United States of
        America for interim financial information. The accompanying consolidated
        financial statements do not include all information and footnote disclosures
        required for an annual set of financial statements prepared under United
        States of America generally accepted accounting principles. In the opinion
        of management, all adjustments (consisting solely of normal recurring
        accruals) considered necessary for a fair presentation of financial position,
        results of operations and cash flows as at July 31, 2006 and for all periods
        presented, have been included. Interim results for the period ended July
        31, 2006 are not necessarily indicative of the results that may be expected
        for the fiscal year as a whole.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|2. | GOING CONCERN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | These consolidated financial statements have been prepared
        with the on-going assumption that the Company will be able to realize
        its assets and discharge its liabilities in the normal course of business.
        However, certain conditions noted below raise substantial doubt about
        the Companys ability to continue as a going concern. These financial
        statements do not include any adjustments to the amounts and classifications
        of assets and liabilities that might be necessary should the Company be
        unable to continue as a going concern                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The operations of the Company have primarily been funded
        by the sale of common stock and loans received. Continued operations of
        the Company are dependent on the Companys ability to complete equity
        financings or generate profitable operations in the future. Managements
        plan in this regard is to secure additional funds through future equity
        financings. Such financings may not be available or may not be available
        on reasonable terms to the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                     

F-5

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|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|3. | SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | The financial statements of the Company have
        been prepared in conformity with generally accepted accounting principles
        in the United States of America and are stated in US dollars. The significant
        accounting policies adopted by the Company are as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | The preparation of financial statements in
        conformity with generally accepted accounting principles in the United
        States requires management to make estimates and assumptions that affect
        the reported amount of assets and liabilities and the disclosure of contingent
        assets and liabilities at the date of the financial statements and the
        reported amount of revenues and expenses during the reporting period.
        Actual results could differ from these estimates.                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | The functional currency of the Company is
        the United States dollar. The Companys subsidiary, Skyflyer Technology,
        uses the Euro as its functional currency. Accordingly, monetary assets
        and liabilities denominated in a foreign currency are translated at the
        exchange rate in effect at the balance sheet date while non-monetary assets
        and liabilities are translated at historical rates. Revenue and expense
        items denominated in a foreign currency are translated at exchange rates
        prevailing when such items are recognized in the statement of operations.
        Exchange gains and losses arising on translation of foreign currency items
        are included in the statement of operations.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | The Company follows the current rate method
        of translation with respect to its foreign subsidiary. Accordingly, assets
        and liabilities are translated into U.S. dollars at the period-end exchange
        rates while revenue and expenses are translated at the average exchange
        rates during the period. Related exchange gains and losses are included
        in a separate component of stockholders equity as accumulated other
        comprehensive income.                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | The Company considers cash held at banks and
        all highly liquid investments with original maturities of three months
        or less to be cash and cash equivalents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | Prepaid expenses consist primarily of prepaid
        vehicle insurance and lease payments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   | Other receivables consist primarily of Value
        Added Tax in Germany.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

F-6

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|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|3. | SIGNIFICANT ACCOUNTING POLICIES (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | (f)     Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | Equipment is recorded at cost and consists of aircraft,
        computer equipment and a motorcycle. Depreciation is calculated using
        the straight-line method over the useful lives of the assets. Maintenance
        and repairs are expensed as incurred while betterments or renewals are
        capitalized. Computer equipment is amortized over the estimated useful
        life of three years. No depreciation for the aircraft or motorcycle is
        provided for as construction has not yet been completed.                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | (g)     Patents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | Patents and patent applications are recorded at cost.
        Depreciation is calculated using the straight-line method over the useful
        lives of the assets. No depreciation is provided for as the patents have
        not yet been awarded.                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | (h)     Accounting for the impairment
        of long-lived assets and long-lived assets to be disposed of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | The Company reviews all long-lived assets for impairment
        whenever events or changes in circumstances indicate that the carrying
        amount of an asset may not be recoverable. Recoverability of assets to
        be held and used is measured by a comparison of the carrying amount of
        an asset to future net cash flows expected to be generated by the asset.
        If such assets are considered to be impaired, the impairment recognized
        is measured by the amount by which the carrying amount of the assets exceeds
        the fair value of the assets. Assets to be disposed of are reported at
        the lower of the carrying amount or fair value less costs to sell.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | (i)     Income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | A deferred tax asset or liability is recorded for all
        temporary differences between financial and tax reporting and net operating
        loss carryforwards. Deferred tax expenses (benefit) result from the net
        change during the period of deferred tax assets and liabilities.                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | Deferred tax assets are reduced by a valuation allowance
        when, in the opinion of management, it is more likely than not that some
        portion or all of the deferred tax assets will not be realized. Deferred
        tax assets and liabilities are adjusted for the effects of changes in
        tax laws and rates on the date of enactment.                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | (j)     Fair value of financial
        instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   | The Company's financial instruments consist of cash
        and cash equivalents, other receivables, accounts payable and accrued
        liabilities and loans payable. Unless otherwise noted, it is management's
        opinion that the Company is not exposed to significant interest, currency
        or credit risks arising from these financial instruments. The fair value
        of these financial instruments approximates their carrying values, unless
        otherwise noted.                                                                                                                                                                                                                    

F-7

---

|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|3. | SIGNIFICANT ACCOUNTING POLICIES (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | (k)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | Basic net loss per share is computed by dividing
        the net loss for the period by the weighted average number of shares of
        common stock outstanding during the period. Diluted earnings per share
        takes into consideration shares of common stock outstanding (computed
        under basic earnings per share) and potentially dilutive shares of common
        stock. As of July 31, 2006 and 2005, there were no potentially dilutive
        securities outstanding.                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | (l)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The Company has adopted SFAS 130, Reporting
        of Comprehensive Income,which establishes guidelines for the
        reporting and display of comprehensive income (loss) and its components
        in financial statements. Comprehensive income (loss) includes foreign
        currency translation adjustments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | (m)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The Company is a development stage company
        as defined in SFAS 7, Accounting and Reporting by Development
        Stage Enterprises,as it is devoting substantially all of its
        efforts to establish a new business and planned principal operations have
        not yet commenced.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | (n)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | On December 16, 2004 the Financial Accounting
        Standards Board (FASB) issued Statement of Financial
        Accounting Standards (SFAS) No. 123 (revised 2004),
        Share-Based Payment.SFAS No. 123(R) requires the Company
        to measure all employee stock-based compensation awards using a fair value
        method and record such expense in its consolidated financial statements.
        In addition, SFAS No. 123(R) will require additional accounting related
        to the income tax effects and additional disclosure regarding the cash
        flow effects resulting from share-based payment arrangements. For non-public
        entities, SFAS No. 123(R) is effective for the first interim or annual
        reporting period beginning after December 15, 2005.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | In December 2004, FASB issued SFAS No. 153
        to amend Opinion 29 by eliminating the exception for non- monetary exchanges
        of similar productive assets and replaces it with general exception for
        exchanges of non- monetary assets that do not have commercial substance.
        A non-monetary exchange is defined to have commercial substance if the
        future cash flows of the entity are expected to change significantly as
        a result of the exchange. The provision of this Statement is effective
        for non-monetary asset exchanges occurring in fiscal periods beginning
        after June 15, 2005, and should be applied prospectively.                                                                                                                 

F-8

---

|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|3. | SIGNIFICANT ACCOUNTING POLICIES (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | (n)     Recent accounting pronouncements
        (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | In June 2005, the FASB issued Statement 154, Accounting
        Changes and Error Corrections,which replaces APB Opinion 20
        and FASB Statement 3. Statement 154 changes the requirements for the accounting
        and reporting of a change in accounting principle. Opinion 20 previously
        required that most voluntary changes in accounting principles be recognized
        by including the cumulative effect of the new accounting principle in
        net income of the period of change. Statement 154 now requires retrospective
        application of changes in accounting principle to prior period financial
        statements, unless it is impractical to determine either the period- specific
        effects or the cumulative effect of the change. The statement is effective
        for fiscal years beginning after December 15, 2005.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Company does not expect that the adoption of these
        new accounting pronouncements will have a significant effect on its financial
        statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|4. | EQUIPMENT AND PATENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

| |                                      |   | July 31, |  
| | ------------------------------------ | - | -------- | -
| |                                      |   | 2006     |  
| |                                      |   |          |  
| | Construction in progress -Aircraft   | $ | 20,635   |  
| | Construction in progress -Motorcycle |   | 5,858    |  
| |                                      |   | 26,493   |  
| |                                      |   |          |  
| | Computer equipment                   |   | 1,897    |  
| | Accumulated depreciation             |   | (801     | )
| |                                      |   | 1,096    |  
| |                                      |   |          |  
| | Net book value                       | $ | 27,589   |  

During the period ended July 31, 2006,
  the Company did not amortize its aircraft or motorcycle equipment as construction
  has not yet been completed. The net carrying amount of aircraft and motorcycle
  not being amortized was $26,493 as of July 31, 2006.

F-9

---

|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|4. | EQUIPMENT AND PATENTS (continued)
      Patents
|-- | -----------------------------------------------

| |                          |   | July 31, | 
| | ------------------------ | - | -------- | 
| |                          |   | 2006     | 
| |                          |   |          | 
| | Patents                  | $ | 36,067   | 
| | Accumulated depreciation |   | -        | 
| |                          |   |          | 
| | Net book value           | $ | 36,067   | 

During the period ended July 31, 2006,
  the Company did not amortize its patents as the patents have not yet been awarded.
  The net carrying amount of patents not being amortized was $36,067 as of July
  31, 2006.

|   | In the event that facts and circumstances indicate that
        the carrying amount of an asset may not be recoverable and an estimate
        of future undiscounted cash flows is less than the carrying amount of
        the asset, an impairment loss will be recognized. Management's estimates
        of revenues, operating expenses, and operating capital are subject to
        certain risks and uncertainties which may affect the recoverability of
        the Company's investments in its assets. Although management has made
        its best estimate of these factors based on current conditions, it is
        possible that changes could occur which could adversely affect management's
        estimate of the net cash flow expected to be generated from its operations.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|5. | LOANS PAYABLE - CURRENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | During the three months ended January 31, 2006, a loan
        was granted from a company for Euro 25,000 (US - $31,896. The loan is
        non-interest bearing and has no specific terms for repayment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | During the three months ended April 30, 2006, a loan
        was granted from a company for Euro 60,000 (US - $76,550). The loan is
        non-interest bearing and has no specific terms for repayment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|6. | LOANS PAYABLE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   | During the three months ended July 31, 2006, two loans
        were granted from a company for $50,000 and $100,000. The loans bear interest
        at 8% per annum, compounded annually, and are due May 16, 2008 and June
        19, 2008 respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

F-10

---

|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|7. | RELATED PARTY TRANSACTIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | At July 31, 2006, included in other receivables is Euro
        986 (US -$1,257) owed from a company with common directors of Skyflyer
        Technology for the use of a vehicle. Vehicle costs reimbursed for the
        six months ended July 31, 2006 totaled Euro 6,233 (US -$7,662) and are
        included in operating costs on the statement of operations.                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | On December 16, 2005, a loan was granted from a company
        with common directors of Skyflyer Technology for Euro 20,000 (US -$25,256).
        On February 1, 2006, a loan for Euro 30,000 (US -$37,884) was granted
        from the same company. The loans bear interest at 5% per annum and are
        due June 16, 2006 and August 1, 2006 respectively. The loans were repaid
        during the three months ended April 30, 2006. Interest expense paid to
        the company for the nine months and three months ended July 31, 2006 totaled
        Euro 672 (US -$805) and $0 respectively.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | Consulting fees paid to an officer of the Company for
        the nine and three months ended July 31, 2006 totaled $4,000 and $3,000
        respectively. Management fees paid to officers and directors of Skyflyer
        Technology for the nine and three months ended July 31, 2006 totaled Euro
        37,280 (US -$45,639 and Euro 13,980 (US - $17,770) respectively. Amounts
        due to and from officers and directors are unsecured, non-interest bearing
        and due on demand.                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|8. | COMMON STOCK                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | The Companys articles of incorporation allow it
        to issue up to 975,000,000 shares of common stock, par value $0.001. Effective
        September 30, 2005, the Company effected a stock split of its common stock
        by issuing thirteen new shares for every one old share. Except as otherwise
        stated to the contrary in these financial statements, all references to
        shares and prices per shares have been adjusted to give retroactive effect
        to the stock split.                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | On April 14, 2005, the Company issued 70,200,000 shares
        of common stock for total proceeds of Euro 25,000 (US -$32,275).                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   | On April 19, 2006, the Company acquired all the issued
        and outstanding stock of Skyflyer Technology, which was accounted for
        as a recapitalization of the Company (Note 1) in exchange for 33,000,000
        shares of common stock. The issued number of shares of common stock is
        that of the Company with adjustments made for differences in par value
        between the Company and Skyflyer Technology.                                                                                                                                                                      

F-11

---

|TRITON RESOURCES, INC.                        
|----------------------------------------------
|(A Development Stage Company)                 
|NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|(Expressed in U.S. Dollars)                   
|July 31, 2006                                 
|(Unaudited)                                   
|                                              
|                                              

|9.  | SEGMENT INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | The Companys operations following the acquisition
        of Skyflyer Technology were conducted in one reportable segment, being
        the development and commercialization of a one person, recreational flying
        device in Germany.                                                                                                                                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|10. | COMMITMENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | On April 17, 2006, the Skyflyer Technology entered into
        a technology transfer agreement with a director and officer of Skyflyer
        Technology to formally acquire patents in consideration for the payments
        by Skyflyer Technology for the patents and patents pending applications
        and an additional payment of 10 Euro (US $12). Skyflyer Technology agreed
        not to sell, assign or otherwise transfer title of the technology to any
        third party without the written consent of the inventor, provided that
        such consent shall not be unreasonably withheld.
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | On February 8, 2006, Skyflyer Technology entered into
        a vehicle lease agreement that expires on February 9, 2009. The vehicle
        lease agreement required an initial payment of Euro 20,000 (US -$25,256)
        plus taxes and requires monthly lease payments of Euro 761 (US -$961)
        plus taxes. The initial payment is being expensed to the statement of
        operations over the term of the lease.                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|11. | SUBSEQUENT EVENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | On September 1, 2006, the Company approved to change
        the name of the Company to Skyflyer Inc. The name change is expected to
        be effected on or about October 17, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                             

F-12

---

ITEM
2.                    
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this Quarterly Report
constitute "forward-looking statements. These statements, identified by words
such as plan, anticipate, believe, estimate, should, expect and
similar expressions include our expectations and objectives regarding our future
financial position, operating results and business strategy. These statements
reflect the current views of management with respect to future events and are
subject to risks, uncertainties and other factors that may cause our actual
results, performance or achievements, or industry results, to be materially
different from those described in the forward-looking statements. Such risks and
uncertainties include those set forth under the caption "Management's Discussion
and Analysis or Plan of Operation" and elsewhere in this Quarterly Report. We
advise you to carefully review the reports and documents we file from time to
time with the United States Securities and Exchange Commission (the SEC),
particularly our Annual Reports on Form 10-KSB and our Current Reports on Form
8-K.

As used in this Quarterly Report, the terms we, us, our,
the Company and Triton mean Triton Resources, Inc. unless otherwise
indicated. All dollar amounts in this Quarterly Report are in U.S. dollars
unless otherwise stated.

INTRODUCTION

We were incorporated on March 18, 2004 under the laws of the
State of Nevada. Effective April 19, 2006, pursuant to a share purchase
agreement dated March 31, 2006 (the Share Purchase Agreement), we completed
the acquisition of a 100% ownership interest in Skyflyer Technology GmbH
(Skyflyer).

Prior to completing the acquisition of Skyflyer, we were
engaged in the business of acquiring and exploring mineral properties. In order
to focus our resources on developing Skyflyers technology and business, we no
longer intend to proceed with our mineral property acquisition and exploration
activities. As such, we allowed the rights to our mining claim to lapse as of
June 20, 2006.

Skyflyer Technology GmbH

Skyflyer was formed on April 14, 2005 under the laws of the
Federal Republic of Germany. Skyflyer was formed for the purpose of developing a
proprietary recreational flying device intended for use within an enclosed,
capsulated flight facility.

The flying device and the flight facility were initially
developed by Dieter Wagels, one of the managing directors of Skyflyer, and the
owner of a 37.5% interest in Inventa Holding GmbH, Skyflyers sole shareholder.
In consideration for payments made by Skyflyer towards the development of the
flying device, Mr. Wagels transferred ownership of the technology underlying the
flying device and the flight facility to Skyflyer, including ownership of the
patent applications filed by Mr. Wagels.

PLAN OF OPERATION

Our plan of operation for the next twelve months will depend
primarily upon our ability to obtain the funding necessary to engage in our
research and development efforts.

3

---

Assuming that we are able to obtain sufficient financing, of
which there is no assurance, the first phase of our product development efforts
will be to build a full-scale prototype of the flying device. The prototype is
expected to take approximately six months to construct, and will involve the
following:

Production Details
      Approximate Timeline1.      Production of detailed
      engineering plans and schematics.
    Months 1 to 22.      Purchasing and acquisition
      of raw materials and parts.
    Months 2 to 33.      Fabrication and assembly.
    Months 2 to 54.      Design of preliminary
      navigation system.
    Months 1 to 35.      Construction of
      preliminary navigation system.
    Months 2 to 56.      Product and safety
      testing.
    Months 4 to 6


The above timeline is an estimate only and does not take into
account possible delays that may arise during the construction of the prototype.
If we experience any difficulties or delays during the construction process, it
could take substantially longer for us to complete the construction of the
full-scale prototype. Such difficulties could include unanticipated engineering
difficulties arising from scaling up the designs for the flying device from the
1:6 scale model to the full-sized prototype.

Construction and testing of the flying device prototype is
expected to take place in Wegberg, Germany. As such, the costs of constructing
the prototype have first been estimated in Euros and converted to US dollars at
an approximate exchange rate of $1.28 per EUR, which is equal to the approximate
exchange rate as at July 31, 2006, the end of our most recent fiscal quarter. We
estimate that it will cost approximately EUR 510,000 ($653,000) to complete
construction of the full-sized prototype. This amount can be broken down as
follows:

Approximate Cost (Euros)
      Approximate Cost (USD)Materials and parts
    EUR 220,000
    $282,000Personnel and labor
    EUR 130,000
    $166,000Equipment
    EUR 15,000
    $19,000Electronic components
    EUR 50,000
    $64,000Testing
    EUR 50,000
    $64,000Contingency
    EUR 45,000
    $58,000Total
    EUR 510,000
    $653,000


Initially, the prototype is expected to have only a basic
navigation system that will allow the flying device to be steered along all
three axis lines (forwards  backwards, up  down, and left  right). If we are
successful in constructing a working, full-scale prototype of the flying device,
of which there are no assurances, we will focus our attention on the design,
development and construction of an electronic control and guidance system that
includes a GPS tracking system, ultrasonic proximity sensors and a remote
control override. The purpose of this advanced guidance system will be to allow
the flying device to be operated indoors, within the flight facility, by
assisting the pilot in avoiding collisions and allowing for operators of the
flight facility to remotely take control of the flyer. The design and
construction of this navigation system is expected to cost approximately EUR
2,500,000 ($3,200,000) and is expected to take approximately one to two years to
develop. We expect that a

4

---

large part of the development process for the advanced guidance
system will be contracted to outside consultants.

In addition to the amounts described above, we anticipate that
we will require an additional $50,000 for general administrative purposes and to
pay for the legal and accounting fees associated with meeting our ongoing
reporting obligations under applicable US securities laws.

RESULTS OF OPERATIONS

Under generally accepted accounting principles, the acquisition
of Skyflyer has been accounted for as a reverse acquisition and Skyflyer has
been treated as the acquiring entity for accounting and financial reporting
purposes. As such, our consolidated financial statements are presented as a
continuation of the operations of Skyflyer and not Triton Resources, Inc. The
financial information provided below for the periods ended July 31, 2005 and
October 31, 2005 represent the operations of Skyflyer. The operations of Triton
are included from the effective date of the acquisition, April 19, 2006.

Third Quarter and Nine Months Summary

Three
      Months
    Three
      Months
    Percentage
    
    Nine
      Months
    From
      Inception
    PercentageEnded
    Ended
    Increase /
    
    Ended
    (April 14, 2005)
    Increase /July
      31, 2006
    July
      31, 2005
    (Decrease)
    
    July
      31, 2006
    to
      July 31, 2005
    (Decrease)Revenue
    $--
    $--
    N/A
    
    $--
    $--
    N/AExpenses
    (58,333)
    (22,388)
    160.6%
    
    (143,359)
    (22,873)
    526.8%Net Loss
    $(58,333)
    $(22,388)
    160.6%
    
    $(143,359)
    (22,873)
    526.8%


Revenues

We have not earned any revenues since our inception and we do
not anticipate earning revenues in the foreseeable future. Our ability to earn
revenues in the future is dependent upon our ability to develop a working
prototype of the flying device and the flight facility and our ability to
develop commercially marketable products or technologies based on our
development program. There are no assurances that we will be able to accomplish
either of these goals.

Expenses

We incurred the following expenses for each of the periods
presented below:

FromThree
    Three
    
    
    Nine
    InceptionMonths
    Months
    Percentage
    
    Months
    (April 14,
    PercentageEnded July
    Ended July
    Increase /
    
    Ended July
    2005) to July
    Increase /31,
      2006
    31,
      2005
    (Decrease)
    
    31,
      2006
    31,
      2005
    (Decrease)Professional and
      $37,332
      $19,981
      86.8%
      
      $101,649
      $20,399
      398.3%management feesOther operating
    20,939
    2,407
    769.9%
    
    41,603
    2,474
    1,581.6expensesForeign currency loss
      63
      --
      100.0%
      
      107
      --
      100.0%Total Expenses
    $58,334
    22,388
    160.6%
    
    $143,359
    $22,873
    526.8%


5

---

Professional and management fees include amounts paid as
compensation to our officers and directors and to the officers and directors of
Skyflyer. Professional and management fees also include legal and accounting
fees incurred by us and Skyflyer in respect of our acquisition of Skyflyer and
in respect of meeting our ongoing reporting obligations under the Securities
Exchange Act of 1934.

We anticipate that our operating expenses will increase
significantly as we undertake our research and development program for the
flying device and the flight facility.

LIQUIDITY AND CAPITAL RESOURCES

|Working Capital           |                        |                           |                      
|------------------------- | ---------------------- | ------------------------- | ---------------------
|                          |                        |                           | Percentage           
|                          | At
      July 31, 2006 | At
      October 31, 2005 | Increase / (Decrease)
|Current Assets            | $87,813                | $38,510                   | 128.0%               
|Current Liabilities       | (119,088)              | (40,973)                  | 190.6%               
|Working Capital (Deficit) | $(31,275)              | $(2,463)                  | 1,169.8%             

|Cash Flows                                    |                     |                    
|--------------------------------------------- | ------------------- | -------------------
|                                              |                     | From Inception     
|                                              | Nine Months Ended   | (April 14, 2005) To
|                                              | July
      31, 2006 | July
      31, 2005
|Cash Flows used in Operating
      Activities | $(214,215)          | $(15,033)          
|Cash Flows used in Investing Activities       | (9,848)             | (7,755)            
|Cash Flows from Financing
      Activities    | 268,965             | 92,312             
|Effect of Exchange Rate Translations          | 4,229               | (2,481)            
|Net Increase in Cash During
      Period      | $49,131             | $67,043            

During the six months ended April 30, 2006, we received loans
totaling EUR 85,000 (approximately $108,446). These loans are non-interest
bearing and have no specific terms of repayment. During the three months ended
July 31, 2006, we obtained loans for a total of $150,000. These loans bear
interest at a rate of 8% per annum, compounded annually, and are due in 2008.
The increase in our working capital deficit is primarily attributable to the
fact that our only significant sources of financing during this period were
these loans. The proceeds from these loans were used to pay our operating
expenses during the period.

As at July 31, 2006, we had cash on hand of $60,318. Currently,
we do not have sufficient financial resources to complete our plan of operation
for the next twelve months. We have not earned any revenues to date and we do
not anticipate earning revenues from our operations until such time as we have
completed the development of our proposed flying device and/or flight facility,
of which there are no assurances. As such, our ability to complete our plan of
operation is dependent upon our ability to obtain substantial financing in the
near term.

Any financing that we obtain is expected to be in the form of
sales of our equity securities as debt financing is not expected to be available
to us in an amount sufficient to allow us to complete our plan of operation at
this stage of our development. If we are successful in completing any equity
financings, of which there is no assurance, our existing shareholders will
experience a dilution of their interest in

6

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our company. If we are not successful in raising sufficient
financing, we will not be able to complete our current plan of operation. We do
not have any specific alternatives to our current plan of operation and have not
planned for any such contingency. If we are not successful in raising sufficient
financing, our business may fail and our shareholders may lose all or part of
their investment.

OFF-BALANCE SHEET ARRANGEMENTS

We have no significant off-balance sheet arrangements that have
or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources.

CRITICAL ACCOUNTING POLICIES

The preparation of financial statements in conformity with
generally accepted accounting principles requires our management to make
estimates and assumptions that affect the reported amount of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.
Our management routinely makes judgments and estimates about the effects of
matters that are inherently uncertain.

Our significant accounting policies are described at Note 3 to
our financial statements for the period ended July 31, 2006.

RISKS AND UNCERTAINTIES

Any investment in our common stock involves a high degree of
risk. Investors should carefully consider the risks described below as well as
the information contained in our reports and other documents filed from time to
time with the SEC before investing in our common stock. If any of the following
risks occur, our business, operating results and financial condition could be
seriously harmed.

We Require Additional Financing

We do not currently have the financial resources to complete
our plan of operation for the next twelve months. We anticipate that we will
require EUR 510,000 ($653,000) to complete the construction of the prototype for
the flying device, plus an additional $50,000 to meet the administrative costs
of running our business. In addition, if we are successful in building a working
prototype of the flying device, of which there is no assurance, we will begin
the development of an advance electronic navigation system for the flying
device, which is expected to cost approximately EUR 2,500,000 ($3,200,000).

We currently do not have any financing arrangements in place
and there is no assurance that we will be able to acquire sufficient financing
on terms acceptable to us or at all. If financing is not available or
obtainable, our ability to meet our financial obligations and pursue our plan of
operation will be substantially limited and investors may lose a substantial
portion or all of their investment.

The Flying Device And the Flight Facility Are Still In The
Research And Development Stage

To date, we have only constructed a small scale model of the
flying device, which is approximately 1:6 of the expected size of the full-sized
prototype. Skyflyer is still in the process of developing the flying

7

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device and the flight facility, and has not earned any revenues
from the sale of flying devices or the flight facility. In their current state
of development, neither the flying device nor the flight facility is marketable
as a product. There are no assurances that our product development programs for
the flying device and the flight facility will be successful or that we will be
able to develop any commercially marketable systems based on the technologies
underlying those proposed products. Even if our development programs are
successful, we do not anticipate that those programs will be completed in the
near future.

We May Experience Delays In The Construction Of Our
Prototype

If we are able to obtain sufficient financing, of which there
are no assurances, we expect to begin construction of a prototype of the flying
device within the next twelve months. Construction and testing of the prototype
is expected to take approximately 6 months to complete. However, construction
and development projects of this type often experience delays and technical
difficulties. Our ability to complete construction on schedule is dependent on
many circumstances, some of which may be outside of our control. These factors
may include, but are not limited to, factors such as the availability of outside
contractors, materials and equipment. In addition, although we believe that the
principles underlying the design of the flying device are sound, they have been
demonstrated only in our small-scale model of the flying device. Engineering
problems can arise when attempting to scale up designs from the size of a model
to the actual size of the prototype. Even if we are able to complete
construction of the prototype as scheduled, there are no assurances that the
prototype will perform as expected.

We Have Limited Operating History And As A Result There Are
Risks Of A New Business Venture

Skyflyer was formed on April 14, 2005 and, as such, it has a
very short operating history upon which future performance may be assessed.

Potential investors should be aware of the difficulties
normally encountered by a new enterprise and the high rate of failure of such
enterprises. The potential for future success must be considered in light of the
problems, expenses, difficulties complications and delays encountered in
connection with the development of a business in the area in which we intend to
operate and in connection with the formation and commencement of operations of a
new business in general. These include, but are not limited to, unanticipated
problems relating to research and development programs, marketing, approvals by
government agencies, competition and additional costs and expenses that may
exceed current estimates. There is no history upon which to base any assumption
as to the likelihood that our business will prove to be successful, and there
can be no assurance that we will generate any operating revenues or ever achieve
profitable operations.

Our Operations May Be Subject To Extensive Government
Regulations

We expect that the flying device and the flight facility will
be subject to a number of government regulations, including strict safety and
environmental guidelines. There will be an inherent element of danger involved
with operating the flying device and the flight facility. As such, we expect
that we will be required to demonstrate that those proposed products fully
comply with applicable safety and environmental regulations, which could be an
expensive and lengthy process. As we are still in the process of developing the
flying device and the flight facility, the full extent to which these
regulations will affect our future business prospects is not yet fully known and
there can be no assurance that we can successfully comply with all present or
future government regulations.

8

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Asserting And Defending Intellectual Property Rights May
Impact Results Of Operations

The success of our business may depend on our ability to
protect our proprietary process and technology from competitors. A number of
international patent applications have been filed with respect to the flying
device and the flight facility. However, there is no assurance that a final
patent will be granted for any of the patent pending technologies underlying our
proposed products. If we are not able to obtain a patent for any of the
technologies, we will only be able to protect our products and technological
processes by maintaining the secrecy of those products and processes.

Even if we are able to obtain patents for the flying device and
the flight facility, we may be required to defend our intellectual property
rights through litigation. The financial cost of such litigation could have a
material impact on our financial condition even if we are successful in
developing and marketing products and in defending any of our intellectual
property rights, of which there is no assurance. Furthermore, an adverse outcome
in any litigation or interference proceeding could subject us to significant
liabilities to third parties and require us to cease using the technology that
is at issue or to license the technology from third parties. In addition, a
finding that any of our intellectual property rights are invalid could allow
competitors to more easily and cost-effectively compete. Thus, an unfavorable
outcome in any patent litigation or interference proceeding could have a
material adverse effect on our business, financial condition and results of
operations.

We Intend To Operate In A Highly Competitive Industry

Although we are not aware of any competing flying devices or
flight facilities, our proposed products will compete with other recreational
and amusement attractions such as go-karts and roller coasters for the attention
of customers. Although our proposed product is unique, the amount that customers
are willing to spend on recreational activities is somewhat price sensitive. Our
future success will be dependent upon our ability to develop the flying device
and flight facility at an economical cost and to successfully market those
products in competition with other recreational and amusement attractions. There
is no assurance that we will be able to successfully perform either of these
objectives.

We Are Dependent On Key Personnel

Our success will largely depend on the performance of our
management and on the management of Skyflyer. We are currently dependent upon a
limited number of employees and consultants. As such, our success will also
depend on our ability to attract and retain highly skilled technical, research,
management, regulatory compliance, sales and marketing personnel. Competition
for such personnel is intense. The loss of the services of such personnel or the
inability to attract and retain other key personnel could impair the development
of our business, operating results and financial condition.

ITEM
3.                    
CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our
management, including our Principal Executive Officer and Principal Financial
Officer, we have evaluated the effectiveness of our disclosure controls and
procedures as required by Exchange Act Rule 13a-15(b) as of the end of the
period covered by this report. Based on that evaluation, our Principal Executive
Officer and Principal Financial Officer has concluded that these disclosure
controls and procedures are effective.

There were no changes in our internal control over financial
reporting during the last fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.

9

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PART II - OTHER INFORMATION

ITEM
1.                    
LEGAL PROCEEDINGS.

None.

ITEM
2.                    
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM
3.                    
DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4.                    
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM
5.                    
OTHER INFORMATION.

None.

ITEM
6.                    
EXHIBITS.

|Exhibit |                                                                                                                                                                                                
|------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description of Exhibits                                                                                                                                                                        
|        |                                                                                                                                                                                                
|3.1     | Articles of
        Incorporation.(1)                                                                                                                                                          
|        |                                                                                                                                                                                                
|3.2     | Bylaws.(1)                                                                                                                                                                                     
|        |                                                                                                                                                                                                
|10.1    | Property Agreement
        dated effective July 5, 2004 between Decoors Mining Corp. and Triton Resources,
        Inc.(1)                                                                     
|        |                                                                                                                                                                                                
|10.2    | Trust Agreement
        dated July 5, 2004 between Triton Resources, Inc. and Perry Augustson.(1)                                                                                              
|        |                                                                                                                                                                                                
|10.3    | Declaration
        of Trust by Perry Augustson dated January 1, 2006.(2)                                                                                                                      
|        |                                                                                                                                                                                                
|10.4    | Share Purchase
        Agreement between Inventa Holding GmbH, Triton Resources, Inc., Skyflyer
        Technology GmbH and Perry Augustson, dated for reference the 31stday of March, 2006.(3)
|        |                                                                                                                                                                                                
|10.5    | Agreement and
        Deed of Transfer between Inventa Holding GmbH and Triton Resources, Inc.
        dated for reference as of the 19thday of April, 2006.(4)                                
|        |                                                                                                                                                                                                
|10.6    | Patent Transfer
        Agreement between Dieter Wagels and Skyflyer Technology GmbH, dated effective
        as of April 17, 2006.(4)                                                         
|        |                                                                                                                                                                                                
|31.1    | Certification
        of Chief Executive Officer and Chief Financial Officer as adopted pursuant
        to Section 302 of the Sarbanes-Oxley Act of 2002.                                     
|        |                                                                                                                                                                                                
|32.1    | Certification
        of Chief Executive Officer and Chief Financial Officer as adopted pursuant
        to Section 906 of the Sarbanes-Oxley Act of 2002.                                     

|(1) | Filed as an exhibit to our Registration Statement on Form
      SB-2 originally filed on January 14, 2005, as amended.
|--- | ----------------------------------------------------------------------------------------------------------------------
|(2) | Filed as an exhibit to our Annual Report on Form 10-KSB
      filed on January 30, 2006.                              
|(3) | Filed as an exhibit to the Companys Current Report on
      Form 8-K filed on April 10, 2006.                        
|(4) | Filed as an exhibit to the Companys Current Report on
      Form 8-K filed on April 26, 2006.                        

10

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SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

|      |                    |     | TRITON RESOURCES, INC.                  
|----- | ------------------ | --- | ----------------------------------------
|      |                    |     |                                         
|      |                    |     |                                         
|Date: | September 14, 2006 | By: | /s/ Rolf G. Horchler                    
|      |                    |     | ROLF G. HORCHLER                        
|      |                    |     | President, Chief Executive
      Officer
|      |                    |     | & Chief Financial Officer               
|      |                    |     | (Principal Executive Officer            
|      |                    |     | and Principal Accounting Officer)       

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