UNITED STATES



Q  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly
period ended December 31, 2008

£  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____to ____

Commission file number 000-51700

URANIUM HUNTER CORPORATION

|Nevada                           | N/A                 
|-------------------------------- | --------------------
|(State
    or Other Jurisdiction | (I.R.S.
    Employer
|of
    Incorporation or          | Identification      
|Organization)                    | Number)             

First Canadian Place 
100 King Street West, Suite 5700 
Toronto, Ontario, Canada M5X 1K7 (Address of Principal Executive Offices)

(416) 915-3199

(Issuers Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 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 Q     
No £

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definition of "large accelerated filer", "accelerated
filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check
one):

Large accelerated
      filer
      [
      ]
      Accelerated filer
      [
      ]Non-accelerated
      filer
      [
      ]
      Smaller reporting
      company
      [ X
      ]




Indicate by check mark whether the Issuer is a shell company (as defined by
Rule 12b-2 of the Exchange Act).

Yes £

      No 
Q

State the number of shares outstanding of each of the Issuers classes of
common stock, as of the latest practicable date: no par value per share:
64,000,000 outstanding as of February 1, 2009.

---

URANIUM HUNTER CORPORATION

TABLE OF CONTENTS

|                                   |                                                                                            | Page
|---------------------------------- | ------------------------------------------------------------------------------------------ | ----
|PART I -
    FINANCIAL INFORMATION |                                                                                           
|                                   |                                                                                            |     
|Item 1.                            | Financial Statements.                                                                      | 3   
|Item 2.                            | Managements Discussion and
    Analysis of Financial Condition and Results of Operations. | 15  
|Item 3.                            | Quantitative and Qualitative Disclosures
    About Market Risk.                            | 18  
|Item 4T.                           | Controls and Procedures.                                                                   | 18  
|                                   |                                                                                            |     
|PART II - OTHER INFORMATION        |                                                                                           
|                                   |                                                                                            |     
|Item 1.                            | Legal Proceedings.                                                                         | 19  
|Item 2.                            | Unregistered Sales of Equity Securities and
    Use of Proceeds.                           | 19  
|Item 3.                            | Default upon Senior
    Securities.                                                        | 19  
|Item 4.                            | Submission of Matters to a Vote of Security
    Holders.                                   | 19  
|Item 5.                            | Other Information.                                                                         | 19  
|Item 6.                            | Exhibits.                                                                                  | 19  
|                                   |                                                                                            |     
|SIGNATURES                         |                                                                                            | 20  



2

---

PART I - FINANCIAL INFORMATION

Item 1.

URANIUM HUNTER CORPORATION

(AN EXPLORATION STAGE MINING COMPANY)

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2008

(Amounts expressed in US Dollars)

(Unaudited)

CONTENTS

|Interim Consolidated Balance Sheets as of December 31, 2008 and September
    30, 2008                                                                                                                            | 4     
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------
|                                                                                                                                                                                                                  |       
|Interim Consolidated
    Statements of Operations for the three months ended December 31, 2008 and
    December 31, 2007 and period from the inception of exploration (January 1,
    2007) to December 31, 2008. | 5     
|                                                                                                                                                                                                                  |       
|Interim Consolidated Statements of Changes in Stockholders' Deficiency for
    the three months ended December 31, 2008 and year ended September 30, 2008.                                                        | 6     
|                                                                                                                                                                                                                  |       
|Interim Consolidated
    Statements of Cash Flows for the three months ended December 31, 2008 and
    December 31, 2007 and from inception of exploration (January 1, 2007) to
    December 31, 2008.            | 7     
|                                                                                                                                                                                                                  |       
|Condensed Notes to Interim Consolidated Financial Statements                                                                                                                                                      | 8 - 14



3

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

|                                                   | Dec 31,     | Sept 30, 
|-------------------------------------------------- | ----------- | ---------
|                                                   | 2008        | 2008     
|                                                   | $           | $        
|                                                   |             |          
|                                                   |             |          
|ASSETS                                            
|Current                                            |             |          
|Cash and cash equivalents                          | 2,414       | 1,516    
|Total Current Assets                               | 2,414       | 1,516    
|Plant and Equipment, net (Note 3)                  | 5,781       | 6,085    
|                                                   |             |          
|Total Assets                                       | 8,195       | 7,601    
|                                                   |             |          
|                                                   |             |          
|LIABILITIES                                       
|Current                                            |             |          
|Accounts payable and accrued liabilities           | 125,463     | 104,508  
|                                                   |             |          
|                                                   |             |          
|Total Current
    Liabilities                      | 125,463     | 104,508  
|                                                   |             |          
|                                                   |             |          
|Total Liabilities                                  | 125,463     | 104,508  
|                                                   |             |          
|Going Concern (note 2)                             |             |          
|Related party transactions (note 7)                |             |          
|Commitments and
    Contingencies (note 8)         |             |          
|                                                   |             |          
|                                                   |             |          
|                                                   |             |          
|STOCKHOLDERS'
    DEFICIENCY                      
|Capital Stock (note 4)                             |             |          
|Common stock                                       | 64,320      | 64,320   
|Additional Paid-in
    Capital                     | 886,471     | 823,340  
|Accumulated Deficit                                | (1,068,059) | (984,567)
|                                                   |             |          
|Total Stockholders'
    Deficiency                 | (117,268)   | (96,907) 
|                                                   |             |          
|Total Liabilities and Stockholders'
    Deficiency | 8,195       | 7,601    

See Condensed notes to the Interim Consolidated Financial
Statements

4

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URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

|                                      |                | For the      | For the     
|------------------------------------- | -------------- | ------------ | ------------
|                                      | Cumulative     | three months | three months
|                                      | since          | ended        | ended       
|                                      | inception      | Dec 31,      | Dec 31,     
|                                      | of exploration | 2008         | 2007        
|                                      | $              | $            | $           
|                                      |                |              |             
|                                      |                |              |             
|Operating Expenses                    |                |              |             
|General and administration            | 753,087        | 83,188       | 71,966      
|Project expenses                      | 259,446        | -            | 27,634      
|Amortization                          | 1,721          | 304          | 228         
|                                      |                |              |             
|                                      |                |              |             
|Total Operating Expenses              | 1,014,254      | 83,492       | 99,828      
|                                      |                |              |             
|                                      |                |              |             
|Loss from Operations                  | (1,014,254)    | (83,492)     | (99,828)    
|                                      |                |              |             
|                                      |                |              |             
|Loss before Income Taxes              | (1,014,254)    | (83,492)     | (99,828)    
|                                      |                |              |             
|Provision for income taxes            | -              | -            | -           
|                                      |                |              |             
|Net Income (Loss)                     | (1,014,254)    | (83,492)     | (99,828)    
|                                      |                |              |             
|Loss per Weighted Average Number      |                |              |             
|of Shares Outstanding                 |                |              |             
|-Basic and Diluted                    |                | (0.00)       | (0.00)      
|                                      |                |              |             
|                                      |                |              |             
|Weighted Average Number               |                |              |             
|of Shares Outstanding                 |                |              |             
|-Basic and Fully Diluted
    (note 6) |                | 64,320,000   | 64,320,000  

See condensed notes to the Interim Consolidated Financial
Statements

5

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URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

|                                                          | Common Stock (a) | Additional | Deficit     | Total      
|--------------------------------------------------------- | ---------------- | ---------- | ----------- | -----------
|                                                          | Number           |            | Paid-in     | Accumulated
|                                                          | of Shares        | Amount     | Capital (a) |            
|                                                          |                  |            |             |            
|                                                          | #                | $          | $           | $          
|                                                          |                  |            |             |            
|Balance, September 30, 2005                               | 64,320,000       | 64,320     | (6,820)     | (44,115)   
|                                                          |                  |            |             |            
|Net loss for the year ended September 30,                 |                  |            |             |            
|2006                                                      |                  |            |             | (15,699)   
|                                                          |                  |            |             |            
|                                                          |                  |            |             |            
|                                                          |                  |            |             |            
|Balance September 30, 2006                                | 64,320,000       | 64,320     | (6,820)     | (59,814)   
|                                                          |                  |            |             |            
|Cancellation of Obligation to issue 250,000               |                  |            |             |            
|Common shares for assets acquired                         |                  |            | (25,000)    |            
|                                                          |                  |            |             |            
|Stock subscriptions
    received                          |                  |            | 675,000     |            
|                                                          |                  |            |             |            
|Net loss for the year ended September 30,
    2007        |                  |            |             | (488,307)  
|                                                          |                  |            |             |            
|                                                          |                  |            |             |            
|Balance September 30, 2007                                | 64,320,000       | 64,320     | 643,180     | (548,121)  
|                                                          |                  |            |             |            
|Stock subscriptions received                              |                  |            | 20,000      |            
|                                                          |                  |            |             |            
|Stock subscriptions
    received                          |                  |            | 25,000      |            
|                                                          |                  |            |             |            
|Stock subscriptions received                              |                  |            | 50,000      |            
|                                                          |                  |            |             |            
|Stock based compensation                                  |                  |            | 85,160      |            
|                                                          |                  |            |             |            
|Net loss for the year ended                               |                  |            |             |            
|September 30, 2008                                        |                  |            |             | (436,446)  
|                                                          |                  |            |             |            
|                                                          |                  |            |             |            
|Balance September 30, 2008                                | 64,320,000       | 64,320     | 823,340     | (984,567)  
|                                                          |                  |            |             |            
|Stock based compensation                                  |                  |            | 38,131      |            
|                                                          |                  |            |             |            
|Stock subscriptions
    received                          |                  |            | 25,000      |            
|                                                          |                  |            |             |            
|Net loss for the three months ended December
    31, 2008 |                  |            |             | (83,492)   
|                                                          |                  |            |             |            
|Balance December 31, 2008                                 | 64,320,000       | 64,320     | 886,471     | (1,068,059)

a)

Common stock and additional
paid-in capital have been restated to reflect 3-for-1 and 2-for-1 stock splits
on July 26, 2006 and February 1, 2007.



6

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URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

|                                          | Cumulative              |          |          
|----------------------------------------- | ----------------------- | -------- | ---------
|                                          | Since                   | Dec 31,  | Dec 31,  
|                                          | Inception (Jan 1, 2007) | 2008     | 2007     
|                                          | of exploration          |          |          
|                                          | $                       | $        | $        
|                                          |                         |          |          
|Cash Flows from
    Operating Activities  |                         |          |          
|Net loss                                  | (1,014,254)             | (83,492) | (99,828) 
|Adjustment for:                           |                         |          |          
|Depreciation                              | 1,721                   | 304      | 228      
|Stock based compensation                  | 123,291                 | 38,131   | -        
|Changes in non-cash working capital       |                         |          |          
|Prepaid expenses                          | -                       | -        | (7,312)  
|Accounts payable and accrued liabilities  | 125,463                 | 20,955   | (8,263)  
|Discontinued operations                   | 8,963                   | -        | -        
|Net cash used in operating activities     | (754,816)               | (24,102) | (115,175)
|                                          |                         |          |          
|Cash Flows from
    Investing Activities  |                         |          |          
|Acquisition of plant and equipment        | (7,502)                 | -        | (2,083)  
|                                          |                         |          |          
|Net cash used in investing activities     | (7,502)                 | -        | (2,083)  
|                                          |                         |          |          
|Cash Flows from Financing Activities      |                         |          |          
|Stock subscriptions received              | 795,000                 | 25,000   | -        
|Loans repayment from related parties      | (51,750)                | -        | -        
|                                          |                         |          |          
|Net cash provided by financing activities | 743,250                 | 25,000   | -        
|                                          |                         |          |          
|Net Change in Cash                        | (19,068)                | 898      | (117,258)
|Cash- beginning of period                 | 21,482                  | 1,516    | 229,524  
|                                          |                         |          |          
|Cash - end of period                      | 2,414                   | 2,414    | 112,266  
|                                          |                         |          |          
|Supplemental Cash Flow
    Information    |                         |          |          
|Interest paid                             | -                       | -        | -        
|Income taxes paid                         | -                       | -        | -        

See condensed notes to the Interim Consolidated Financial
Statements

7

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

1.

Basis of
Presentation

The accompanying unaudited financial
statements do not include all the information and footnotes required by
generally accepted accounting principles for complete financial statements. In
the opinion of management, all adjustments (consisting of recurring accruals)
considered necessary for fair presentation have been included. Operating results
for the interim period are not necessarily indicative of the results that may be
expected for the year ended September 30, 2009. Interim financial statements
should be read in conjunction with the companys annual audited financial
statements for the year ended September 30, 2008.

Effective February 1, 2007, the Board of Directors
changed the name of the corporation from "Brownsville Company" to "Uranium
Hunter Corporation".

The consolidated financial statements
include the accounts of Uranium Hunter Corporation (the "Company") and its
wholly owned subsidiary Uranium Hunter Corporation (Ontario) (Formerly
Brownsville Exploration Inc.) in Canada ("BEI"). All material inter-company
accounts and transactions have been eliminated.

2.

Nature of
Operations and Going Concern















Nature of
operations

Uranium Hunter Corporation (formerly Brownsville
Company) was incorporated in the State of Nevada on September 4, 2003. The
Companys operation began in May 2004. Since inception, the Company operated a
boat launch and convenience store. In July 2006, the Company entered into a
letter of intent to acquire a uranium mining property in Tanzania. In November
2006, the Company sold the assets related to the boat launch and convenience
store. Effective January 1, 2007 the Company has changed its primary operation
from operating a boat launch to mining exploration.

8

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY) Condensed Notes to Interim Financial Statements December 31, 2008

(Amounts expressed in US Dollars) 
(Unaudited)

2.

Nature of Operations and Going Concern-Contd

Going Concern

The Company is now an exploration
stage mining company and has not realized any revenues from its operations. It
is primarily engaged in the acquisition, exploration and development of uranium
mining properties in Africa. The Company's financial statements are presented on
a going concern basis, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business. The Company has no
source for operating revenue and expects to incur significant expenses before
establishing operating revenue. The Company has a need for equity capital and
financing for working capital and exploration of its properties. Because of
continuing operating losses, negative working capital and cash outflows from
operations, the Companys continuance as a going concern is dependent upon its
ability to obtain adequate financing and to reach profitable levels of
operation. The Companys future success is dependent upon its continued ability
to raise sufficient capital, not only to maintain its operating expenses, but to
explore for uranium reserves. There is no guarantee that such capital will
continue to be available on acceptable terms, if at all or if the Company will
attain profitable levels of operation. Managements plans to mitigate these
conditions are described below.

The Company is in the exploration
stage and has not yet realized revenues from its planned operations. The Company
has incurred a loss of $83,492 for the three month period ended December 31,
2008 which includes non-cash stock based compensation expense for $38,131. At
December 31, 2008, the Company had an accumulated deficit of $1,068,059. The
Company has funded operations through the issuance of capital stock. In January
2007, the Company received stock subscriptions for issue of its common stock for
gross proceeds of $75,000. In April 2007, the Company received stock
subscription of $ 600,000. In April 2008, the Company received stock
subscription for $20,000, in May 2008 the Company received stock subscription
for $25,000. During the three months ended September 30, 2008, the Company
received stock subscription for $50,000.In October, 2008, the Company received
an additional stock subscription for $25,000. Management's plan is to continue
raising additional funds through future equity or debt financing until it
achieves profitable operations from its mineral extraction activities.

3.

Plant and Equipment

Plant and equipment are recorded at
cost less accumulated amortization. Amortization is provided commencing in the
month following acquisition using the following annual rate and method:

Computer equipment - 20% declining
balance method

Furniture and fixtures - 20%
declining balance method

|As at December31,
    2008 | Cost   | Accumulated
    Amortization | Net Book Value
    (December 31,
    2008) | Net Book Value
    (September 30,
    2008)
|-------------------------- | ------ | ---------------------------- | ------------------------------------------ | -------------------------------------------
|Computer Equipment         | $6,480 | $1,424                       | $5,056                                     | $5,322                                     
|Furniture and Fixtures     | $1,022 | $297                         | $725                                       | $763                                       
|Total                      | $7,502 | $1,721                       | $5,781                                     | $6,085                                     

9

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY) Condensed Notes to Interim Financial Statements December 31, 2008

(Amounts expressed in US Dollars) 
(Unaudited)

4.

Capital Stock

Authorized:

450,000,000
common shares $0.001 par value

Issued:

64,320,000
common shares $0.001 par value

Year ended September 30, 2008

In April 2008, the Company received $20,000 stock
subscription for 33,334 common shares at $0.60 per share, as part of its efforts
to raise funds through private placement of shares. 
In May 2008, the Company received $25,000 stock subscription for 83,334 common
shares at $0.30 per share, as part of its efforts to raise funds through private
placement of shares. 
During the three months of July to September 2008, the Company received an
additional $50,000 stock subscription for 166,667 common shares at $0.30 per
share, as part of its efforts to raise funds through private placement of shares

Three month period ended December
31, 2008

In October 2008, the Company received $25,000 stock
subscription for 312,500 common shares at $0.08 per share, as part of its
efforts to raise funds through private placement of shares.

5.

Stock Based Compensation

In April 2007, the Board of Directors approved an employee
stock option plan ("2007 Non-Qualified Stock Option Plan"), the purpose of which
is to promote the financial success and interests of the Company and materially
increase shareholder value by giving incentives to the eligible officers and
other employees and directors of, and consultants and advisors to, the Company
through providing opportunities to acquire stock in the Company. Under the 2007
Stock Option Plan, officers, directors, employees and consultants who provide
services to the Company may be granted options to acquire common shares of the
Company at not less than the fair market value of the stock on the date of
grant. The total number of shares reserved for issuance under the 2007 Non
Qualified Stock Option Plan is 2,000,000.

The Company has adopted SFAS123 (Revised) commencing as of
July 1, 2005. The fair value of each grant was estimated at the grant date using
the Black-Scholes option-pricing model. The Black-Scholes option pricing model
requires the use of certain assumptions, including expected terms, expected
volatility, expected dividends and risk-free interest rate to calculate the fair
value of stock-based payment awards. The assumptions used in calculating the
fair value of stock option awards involve inherent uncertainties and the
application of management judgment.

The expected term calculation is based upon the expected term
the option is to be held, which is the full term of the option. The risk-free
interest rate is based upon the U.S. Treasury yield in effect at the time of
grant for an instrument with a maturity that is commensurate with the expected
term of the stock options. The dividend yield of zero is based on the fact that
we have never paid cash dividends on our common stock and we have no present
intention to pay cash dividends. The expected forfeiture rate of 0% is based on
the vesting of stock options in a short period of time.

During the year ended September 30, 2008 the Company granted
the following stock options:

On September 9, 2008 the Board granted stock options to two
(2) Directors and One (1) Officer to purchase 250,000 common shares each at an
exercise price of $0.24 per share for a total of 750,000 common shares and to
the Companys Chief Executive Officer to purchase 1,000,000 common shares at an
exercise price of $0.24 per common share. These options are each granted in
accordance with the terms of the Companys 2007 Non-Qualified Stock Option Plan
and shall vest as follows:

10

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

5.

Stock Based Compensation-Contd

(i) one fourth (1/4 th) of the shares
shall vest and exercisable on the grant date, (ii) one fourth (1/4 th)
of the shares shall vest six months from the grant date (iii) one fourth (1/4
th) of the shares shall vest twelve months from the grant date, and
(iv) one fourth (1/4 th) of the shares shall vest eighteen months
from the grant date. The option granted shall be for a term of 5 years.

For this three month period ended
December 31, 2008, the Company has recognized in the financial statements,
stock-based compensation costs as per the following details. The fair value of
each option used for the purpose of estimating the stock compensation is based
on the grant date using the Black-Scholes option pricing model with the
following weighted average assumptions:

| | Date of grant                              | 9-September
| | ------------------------------------------ | -----------
| |                                            | 2008       
| |                                            |            
| | Risk
    free rate                         | 2.95%      
| | Volatility factor                          | 109.06%    
| | Expected dividends                         | 0%         
| | Forfeiture rate                            | 0%         
| | Expected life                              | 5 years    
| | Exercise price                             | $0.24      
| | Total number of options granted            | 1,750,000  
| | Grant date fair value                      | $0.17      
| | Total number of options forfeited          | -          
| | Stock-based
    compensation cost expensed |            
| | during the three month
    period ended    | $38,131    
| | December 31, 2008                          |            
| | Unexpended Stock -based compensation       |            
| | cost
    deferred over the vesting period  | $181,850   

As of December 31, 2008 there was $181,850 of unrecognized expenses related
to non-vested stock-based compensation arrangements granted.

6.

Loss per share

Increase in shares as a result of the stock splits is
given retroactive recognition and the loss per share calculated for all periods
presented is based on the post split number of shares.

11

---

URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY) Condensed Notes to Interim Financial Statements December 31, 2008

(Amounts expressed in US Dollars) 
(Unaudited)

7.

Related Party Transactions

Three month period ended December 31, 2008

The Company expensed $20,690 as management fee to the Chief Executive
Officer and $3,000 fee to the Chief Financial Officer. Also, the Company
expensed $11,656 as consulting fee to its Ex-Chief Executive Officer who is also
a significant shareholder.

On September 9, 2008 the Board granted stock options to two
(2) Directors and One (1) Officer to purchase 250,000 common shares each at an
exercise price of $0.24 per share for a total of 750,000 common shares and to
the Companys Chief Executive Officer to purchase 1,000,000 common shares at an
exercise price of $0.24 per common share. These options are each granted in
accordance with the terms of the Companys 2007 Non-Qualified Stock Option Plan
and shall vest as follows: 
(i) one fourth (1/4 th) of the shares shall vest and exercisable on the grant
date, (ii) one fourth (1/4 th) of the shares shall vest six months
from the grant date (iii) one fourth (1/4 th) of the shares shall
vest twelve months from the grant date, and (iv) one fourth (1/4 th)
of the shares shall vest eighteen months from the grant date. The option granted
shall be for a term of 5 years. The Company expensed $38,131 as stock based
compensation expense for the three month period ended December 31,2008.

8.

Commitments and Contingencies

a) On October 13, 2006
the Company entered into an Option Agreement with Trimark Explorations Ltd. (Trimark)
and its wholly owned subsidiary, whereby Trimark granted the Company, 100%
undivided right, title and interest in and to the property located in Njombe and
Songea districts in the Republic of Tanzania, for $100,000 payable over three
years. In addition, the Company must conduct exploration on the property of
$1,000,000 over a three year time frame. If the exploration expenses are not
incurred, the Company may still earn 100% interest by issuing 1,000,000 common
shares, at not less than $1.00 per share, to Trimark or pay cash of up to
$1,000,000. As of September 30, 2008 the Company had paid $25,000 to Trimark and
this payment had been expensed as project expense. The Company was required to
make the second payment relating to the acquisition cost of $100,000 prior to
October 13, 2008 for which the Company is in default. As a result, the agreement
with Trimark has been terminated and the Company has abandoned the project.

b) On June 26, 2007, Uranium Hunter
Corporation (the "Company") entered into an Option Agreement (the "NPK
Agreement") with NPK Resources Ltd. ("NPK"), whereby NPK granted the Company the
sole and exclusive right and option to acquire up to a 75% undivided right,
title and interest in and to the Nkoko and Kagadi Uranium Properties which
contain approximately 820 square kilometers located in Kiballe District, Uganda
(the "NPK Property").

Under the terms of the NPK Agreement,
NPK has granted the Company the sole and exclusive option to acquire up to a 75%
undivided interest in and to the NPK Property by making a cash payment to NPK of
$25,000 US within five days of signing the NPK Agreement. The Company paid
$15,000 during the quarter ended June 2007 and paid the balance of $10,000 in
July 2007.

12

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URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY)

8.

Commitments and Contingencies-Contd

This entire payment of $25,000 is
being expensed as project expense. The Company shall also be responsible for
making all necessary property payments and taxes to keep the NPK Property in
good standing. The Company shall maintain its 75% interest in the NPK Property
after it pays the $25,000 as described above by completing the following
cumulative exploration expenditures on the NPK Property totaling $150,000 US
over a 36 month period: (i) $50,000 in cumulative exploration expenditure within
the first 12 months after signing the NPK Agreement; (ii) $100,000 in cumulative
exploration expenditures within 24 months of signing of the NPK Agreement; and
(iii) $150,000 in cumulative exploration expenditures within 36 months of
signing of the NPK Agreement. If 36 months after the date of the NPK Agreement,
the Company has not completed exploration expenses of $150,000, the Company may
still maintain its 75% interest in the NPK Property if the Company issues in
favor of NPK payments totaling up to $150,000 in shares of common stock of the
Company or cash of up to $150,000 US at the Company's sole option less the
cumulative exploration expenditures already paid and/or met on the NPK Property.
The value of the shares shall be determined as the average share price of the
shares over the 30 business days of trading prior to the 36 month period as
described herein provided, however, that the shares shall not be valued at less
then $1.00 per share.

Once the Company has vested and
maintained its 75% interest in the project (i.e. by spending $150,000 on the
project within three years), the parties shall enter into a joint venture
agreement and shall share proportionally in all exploration costs and payments
subject to standard dilution terms.

In addition, once the Company has
earned its 75% interest in the NPK Property, for a one year period from date of
earn in, NPK shall be entitled to convert its 25% ownership of the NPK Property
into common stock of the Company at the fair market value for NPK's 25%
ownership of the NPK Property. The fair market value of the NPK Property shall
be determined by the parties and if they cannot agree, shall be determined by
three experts. Should NPK convert its 25% ownership into shares of common stock
of the Company, then the Company shall own 100% of the NPK Property. The value
of the shares shall be determined as the average share price of the shares over
the 30 business days of trading prior to the election period, provided, however,
that the shares shall not be valued at less than $1.00 per share.

The Company may terminate the NPK
Agreement at any time by giving written notice to NPK of the termination of the
NPK Agreement. If the Company fails to make any payment (optional, discretionary
or otherwise) or fails to do anything on or before the last day provided for
such payment or performance under the NPK Agreement, NPK may terminate the NPK
Agreement but only if:

(i) NPK has first given the Company
written notice of the default containing particulars of the payment which the
Company has not made or the act which the Company has not performed; and (ii)
the Company has not, within 30 days following delivery of such notice, cured
such default by appropriate payment or performance. Should the Company fail to
comply with the foregoing, NPK may thereafter terminate the NPK Agreement by
notice to the Company.

Upon the termination of the NPK
Agreement, the Company shall forfeit any and all interest in the NPK Property
and shall cease to be liable to NPK.

13

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URANIUM HUNTER CORPORATION. 
(AN EXPLORATION STAGE MINING COMPANY) Condensed Notes to Interim Financial Statements December 31, 2008

(Amounts expressed in US Dollars) 
(Unaudited)

8.

Commitments and Contingencies-Contd

c) Effective as of May 23, 2008
the Company entered into a consulting agreement with Ghaith Qamheiah, pursuant
to which Mr. Qamheiah was retained as the Company's President, Chief Executive
Officer, Secretary and Treasurer. The consulting agreement has a three-year term
and can be terminated by either party by giving a 30 days written notice.
Pursuant to the agreement, Mr. Qamheiah will receive a monthly consulting fee of
$6,568 (CDN$8,000).

d)Effective September 10, 2008 the Company executed
an agreement with a consultant for providing corporate information and investor
relation services. The term of this agreement is for three months and the
Company is obligated to pay the consultant $5,000 per month. On November 5,
2008, the Company terminated the contract due to non performance.

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Item 2.

Managements
Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis
of our financial condition and results of operations should be read in
conjunction with our financial statements and the related notes thereto
contained elsewhere in this Form 10-Q.

Forward-Looking Statements

This discussion contains
forward-looking statements that involve risks and uncertainties. All statements
regarding future events, our future financial performance and operating results,
our business strategy and our financing plans are forward-looking statements. In
many cases, you can identify forward-looking statements by terminology, such as
"may", "should", "expects", "intends", "plans", "anticipates", "believes",
"estimates", "predicts", "potential" or "continue" or the negative of such terms
and other comparable terminology. These statements are only predictions. Known
and unknown risks, uncertainties and other factors could cause our actual
results to differ materially from those projected in any forward-looking
statements. We do not intend to update these forward-looking statements.

Overview

Uranium Hunter Corporation, a Nevada
corporation (referred to herein as the "Company", "we", "us" and "our") was
incorporated on September 4, 2003 under the name Brownsville Company in order to
operate a boat launch, parking lot, marina and convenience store. We operated
such business until November 16, 2006 on which date it was sold to Fraser River
Metals Depot Inc.

Subsequent to the fiscal year ended
September 30, 2006, and in October 2006, we were granted the sole exclusive
right and option to acquire up to a 100% undivided right, title and interest in
and to the Gambaro Resources Property located in Njombe and Songea districts in
the Republic of Tanzania. The Gambaro Resources Property, which is held under
the terms of a Prospecting License issued by the government of Tanzania, is
believed to cover sediments of the Karoo sequence which share common features
with rocks of the Colorado Plateau in the western United States that have been
prolific producers of uranium. Such project has been abandoned by us. See "The
Gambaro Property" below.

On February 14, 2007, pursuant to a
Certificate of Amendment to our Articles of Incorporation filed with the State
of Nevada, we changed the name of the corporation from "Brownsville Company" to
"Uranium Hunter Corporation".

On June 26, 2007, we were granted the
sole and exclusive right and option to acquire up to a 75% undivided right,
title and interest in and to the Nkoko and Kagadi Uranium Properties which
contain approximately 820 square kilometers located in Kiballe District, Uganda
(the "NPK Property").

Our Mining Properties

The Gambaro Property

On October 13, 2006, we entered into
an Option Agreement (the "Trimark Agreement") with Trimark Explorations Ltd. and
its wholly-owned subsidiary, Gambaro Resources Limited (together referred to
herein as "Trimark"), whereby Trimark granted us the sole exclusive right and
option to acquire up to a 100% undivided right, title and interest in and to the
Gambaro Resources Property located in Njombe and Songea districts in the
Republic of Tanzania (the "Gambaro Property"). The Gambaro Property consists of
approximately 170 square kilometers in the southwestern part of Tanzania which
is located on the East Coast of Africa. The Gambaro Property, which is held
under the terms of a Prospecting License issued by the government of Tanzania,
is believed to cover sediments of the Karoo sequence which share common features
with rocks of the Colorado Plateau in the western United States that have been
prolific producers of Uranium. Under the terms of the Trimark Agreement, Trimark
has granted us the sole and exclusive option to acquire up to a 100% undivided
interest in and to the Gambaro Property, by making the following cash payments
totaling $100,000 over a three year period: (i) $25,000 within 45 days of
signing the Trimark Agreement; (ii) an additional $35,000 within two years of
signing of the Trimark Agreement; and (iii) an additional $40,000 within three
years of signing of the Trimark Agreement.

Pursuant to the Trimark Agreement, we
must also complete the following cumulative exploration expenditures on the
Property totaling $1,000,000 over a 36 month period: (i) $100,000 in cumulative
exploration expenditure within the first 12 months after signing the Trimark
Agreement; (ii) $500,000 in cumulative exploration expenditures within 24 months
of signing of the Trimark Agreement; and (iii) $1,000,000 in cumulative
exploration expenditures within 36 months of signing of the Trimark Agreement.
If 36 months after the date of the Trimark Agreement, we have not completed
exploration expenses of $1,000,000, we may still earn our 100% interest in the
Gambaro Property if we issue in favor of Trimark payments totaling up to
1,000,000 of our shares of common stock or cash of up to $1,000,000 at our sole
option less the cumulative exploration expenditures already paid and/or met on
the Gambaro Property. The value of the shares shall be determined as the average
share price of the shares over the 30 business days of trading prior to the 36
month period, provided, however, that the shares shall not be valued at less
then $1.00 per share. In the event such shares are valued at less then $1.00, we
may still execute this buyout using cash.

15

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The Trimark Agreement further
provides that we will act as operator during the earn-in phase of the Trimark
Agreement and will be entitled to charge a management fee of 15% on all property
exploration expenditures and related head office overhead paid solely out of
cumulative exploration expenditures provided by us and from revenues from the
operation of the Gambaro Property pursuant to the terms of the Trimark
Agreement. Once we have earned our 100% interest in the Gambaro Property,
Trimark shall be entitled to a 2% net smelter royalty which shall be reduced to
1% at our sole option upon payment to Trimark of $1,000,000. The Trimark
Agreement provides that a management committee consisting of two representatives
of each company shall be formed pursuant to which we shall be responsible for
the proposal of exploration programs to the management committee and for funding
in full any and all exploration programs approved by the management committee in
advance of the commencement of exploration.

We may terminate the Trimark
Agreement at any time by giving written notice to Trimark of the termination of
the Trimark Agreement and such termination shall be effective on the 15th
day after such notice is sent to Trimark. In addition, if we fail to make any
payment under the Trimark Agreement or fails to do anything on or before the
last day provided for such payment or performance under the Trimark Agreement
(in each or either case referred to as a "default"), Trimark may terminate the
Trimark Agreement but only if: (i) Trimark has first given us written notice of
the default containing particulars of the payment which we have not made or the
act which we have not performed; and (ii) we have not, within 30 days following
delivery of such notice, cured such default by appropriate payment or
performance. Should we fail to comply with the foregoing, Trimark may thereafter
terminate the Trimark Agreement by notice to us. Upon such termination, we
forfeit any and all interest in the Gambaro Property and shall cease to be
liable to Trimark.

The Company was required to make the
second payment relating to the acquisition cost of $100,000 prior to October 13,
2008 for which the Company is in default. As a result, the agreement with
Trimark has been terminated and the Company has abandoned the project.

The NPK Property

On June 26, 2007, we entered into an
Option Agreement (the "NPK Agreement") with NPK Resources Ltd. ("NPK"), whereby
NPK granted us the sole and exclusive right and option to acquire up to a 75%
undivided right, title and interest in and to the Nkoko and Kagadi Uranium
Properties which contain approximately 820 square kilometers located in Kiballe
District, Uganda (the "NPK Property").

Under the terms of the NPK Agreement,
NPK has granted us the sole and exclusive option to acquire up to a 75%
undivided interest in and to the NPK Property by making a cash payment to NPK of
$25,000 US within five days of signing the NPK Agreement. We paid $15,000 during
the quarter ended June 30, 2007 and paid the balance of $10,000 in July 2007. We
shall also be responsible for making all necessary property payments and taxes
to keep the NPK Property in good standing. We shall maintain its 75% interest in
the NPK Property after we pay the $25,000 as described above by completing the
following cumulative exploration expenditures on the NPK Property totaling
$150,000 US over a 36 month period: (i) $50,000 in cumulative exploration
expenditure within the first 12 months after signing the NPK Agreement; (ii)
$100,00 in cumulative exploration expenditures within 24 months of signing of
the NPK Agreement; and (iii) $150,000 in cumulative exploration expenditures
within 36 months of signing of the NPK Agreement. If 36 months after the date of
the NPK Agreement, we have not completed exploration expenses of $150,000, we
may still maintain its 75% interest in the NPK Property if we issue in favor of
NPK payments totaling up to $150,000 in shares of common stock of the Company or
cash of up to $150,000 US at our sole option less the cumulative exploration
expenditures already paid and/or met on the NPK Property. The value of the
shares shall be determined as the average share price of the shares over the 30
business days of trading prior to the 36 month period as described herein
provided, however, that the shares shall not be valued at less then $1.00 per
share.

Once we have vested and maintained
our 75% interest in the project (i.e. by spending $150,000 on the project within
three years), the parties shall enter into a joint venture agreement and shall
share proportionally in all exploration costs and payments subject to standard
dilution terms.

16

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In addition, once we have earned its
75% interest in the NPK Property, for a one year period from date of earn in,
NPK shall be entitled to convert its 25% ownership of the NPK Property into
common stock of the Company at the fair market value for NPKs 25% ownership of
the NPK Property. The fair market value of the NPK Property shall be determined
by the parties and if they cannot agree, shall be determined by three experts.
Should NPK convert its 25% ownership into shares of common stock of the Company,
then we shall own 100% of the NPK Property. The value of the shares shall be
determined as the average share price of the shares over the 30 business days of
trading prior to the election period, provided, however, that the shares shall
not be valued at less than $1.00 per share.

We may terminate the NPK Agreement at
any time by giving written notice to NPK of the termination of the NPK
Agreement. If we fail to make any payment (optional, discretionary or otherwise)
or fail to do anything on or before the last day provided for such payment or
performance under the NPK Agreement, NPK may terminate the NPK Agreement but
only if: (i) NPK has first given us written notice of the default containing
particulars of the payment which we have not made or the act which we have not
performed; and (ii) we have not, within 30 days following delivery of such
notice, cured such default by appropriate payment or performance. Should we fail
to comply with the foregoing, NPK may thereafter terminate the NPK Agreement by
notice to the Company. Upon the termination of the NPK Agreement, we shall
forfeit any and all interest in the NPK Property and shall cease to be liable to
NPK.

Results of Operations



Our financial statements are
presented on a going concern basis, which contemplates the realization of assets
and satisfaction of liabilities in the normal course of business. There are
certain conditions prevailing which cast substantial doubt as to the validity of
using the going concern assumption.

Total operating expenses were $83,492
for the three months ended December 31, 2008 compared to $99,828 for the three
months ended December 31, 2007. Such decrease in the current year period
compared to the prior year period was primarily due a decrease in project
expenses, partially offset by an increase in general and administrative
expenses. The increase in general and administration cost is primarily due to
non- cash cost relating to stock based compensation for $38,131 (prior period
$nil). Cumulatively since inception of exploration, we had total operating
expenses of $1,014,254. General and administrative expenses were $83,188 and
there were no project expenses for the three months ended December 31, 2008
compared to general and administrative expenses of $71,966 and project expenses
of $27,634 for the three months ended December 31, 2007. Cumulatively since
inception of exploration, general and administrative expenses were $753,087 and
project expenses were $259,446.

For the three months ended December
31, 2008, we had a net loss of $83,492 compared to a net loss of $99,828 for the
three months ended December 31, 2007. Cumulatively since inception of
exploration, we had a net loss of $1,014,254. Such net losses are due to the
operating expenses incurred resulting from our change of direction to an
exploration mining company with no offsetting revenues.

Liquidity and Capital Resources

On December 31, 2008, September 30,
2008, we had working capital deficit of $123,049 and a stockholders deficiency
of $117,268 compared to a working capital deficit of $102,992 and a
stockholders deficiency of $96,907 on September 30, 2008. On December 31, 2008,
we had $2,414 in cash and cash equivalents, total assets of $8,195 and total
liabilities of $125,463, compared to $1,516 in cash and cash equivalents, total
assets of $7,601 and total liabilities of $104,508 on September 30, 2008.

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Cash used for operating activities
for the three months ended December 31, 2008 was $24,102 primarily due to a net
loss of $83,492, offset by adjustment for stock based compensation of $38,131
and changes in accounts payable and accrued liabilities of $20,955. Cash used
for operating activities for the three months ended December 31, 2007 was
$115,175 primarily due to a net loss from continuing operations of $99,828
together with changes to prepaid expenses of $7,312 and accounts payable and
accrued liabilities of $8,263. There were no investing activities for the three
months ended December 31, 2008 compared to net cash used in investing activities
of $2,083 for the three months ended December 31, 2007 due to the acquisition of
plant and equipment. Cash provided by financing activities was $25,000 for the
three months ended December 31, 2008 for a stock subscription received compared
to no cash provided by financing activities for the three months ended December
31, 2007.



Off-Balance Sheet Arrangements

We do not have any off balance sheet
arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in our financial condition, revenues
or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to investors.

Item 3.

Quantitative and Qualitative
Disclosures About Market Risk.

We are a smaller reporting company as defined by Rule
12b-2 of the Securities Exchange Act of 1934 and are not required to provide the
information under this item.

Item 4T.

Controls and Procedures.

Under the supervision and with the
participation of our management, including the Principal Executive Officer and
Principal Financial Officer, we have evaluated the effectiveness of our
disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule
15d-15(e) of the Exchange Act) as of the end of the period covered by this
report. Based on that evaluation, our Principal Executive Officer and Principal
Financial Officer have concluded that, as of December 31, 2008, these disclosure
controls and procedures were effective to ensure that all information required
to be disclosed by us in the reports that we file or submit under the Exchange
Act is: (i) recorded, processed, summarized and reported, within the time
periods specified in the Commissions rule and forms; and (ii) accumulated and
communicated to our management, including our Principal Executive Officer and
Principal Financial Officer, as appropriate to allow timely decisions regarding
required disclosure.

There have been no significant
changes in our internal controls over financial reporting that occurred during
the fiscal quarter covered by this report that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.

18

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PART II - OTHER INFORMATION

Item 1.

Legal
Proceedings.

There are no material pending legal
proceedings to which we are a party or to which any of our property is subject.

Item 2.

Unregistered
Sales of Equity Securities and Use of Proceeds.

In October 2008, we received a stock
subscription for $25,000 for 312,500 shares of common stock at $0.08 per share.
No securities pursuant thereto have been issued to date although the
subscription was received in reliance upon the exemption provided by Regulation
S promulgated under the Securities Act of 1933, as amended.

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.

31.1
      Certification of Chief
      Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002 (Rules 13a-14 and 15d-14 of the Exchange Act)31.2
      Certification of
      Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
      Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)32.1
      Certification pursuant
      to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)


19

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SIGNATURES

Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned thereunto duly authorized.

|       |                   |     | URANIUM HUNTER CORPORATION           
|------ | ----------------- | --- | -------------------------------------
|       |                   |     | (Registrant)                         
|       |                   |     |                                      
|       |                   |     |                                      
|       |                   |     |                                      
|Dated: | February 13, 2009 | By: | /s/ Ghaith Qamheiah                  
|       |                   |     | Ghaith Qamheiah,                     
|       |                   |     | President and Chief Executive Officer
|       |                   |     | (Principal Executive Officer)        
|       |                   |     |                                      
|       |                   |     |                                      
|       |                   |     |                                      
|Dated: | February 13, 2009 | By: | /s/ Rakesh Malhotra                  
|       |                   |     | Rakesh Malhotra,                     
|       |                   |     | Chief Financial Officer              
|       |                   |     | (Principal Financial Officer)        



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