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| **DELAWARE**                                                                         | **1000**                                                                             | **N/A**                                                    |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|------------------------------------------------------------|
| State                or jurisdiction of incorporation                or organization | Primary                Standard Industrial Classification                Code Number | IRS                EmployerIdentification                # |

**Bluebird      Exploration Company**

**209-3608      Deercrest Drive**

**North      Vancouver, BC V7G2S8**

**The      Company Corporation**

**2711      Centerville Road, Suite 400**

**Wilmington,      Delaware 19808**

**Telephone:      302-636-5440**

**Facsimile:      302-636-5454**

**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS      DURING THE PRECEDING FIVE YEARS**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

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|                                                      | Page                                                                                                              |
|-----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|
| PART                I - FINANCIAL INFORMATION - UNAUDITED |                                                                                                              |
|                                                      |                                                                                                              |   |
| Item                1.                                    | **INTERIM                BALANCE SHEETS**                                                                         | 3  |
|                                                      | **INTERIM                STATEMENTS OF OPERATIONS**                                                               | 4  |
|                                                      | **INTERIM                STATEMENT OF STOCKHOLDERS’ EQUITY**                                                | 5  |
|                                                      | **INTERIM                STATEMENTS OF CASH FLOWS**                                                               | 6  |
|                                                      | **NOTES                TO INTERIM FINANCIAL STATEMENTS**                                                          | 7  |
| Item                2.                                    | Management's                Discussion and Analysis of Financial Condition and Plan of                Operations. | 8  |
| Item                3.                                    | Controls                and Procedures                                                                            | 12  |
|                                                      |                                                                                                              |   |
| PART                II - OTHER INFORMATION                |                                                                                                              |
|                                                      |                                                                                                              |   |
| Item                1.                                    | Legal                Proceedings.                                                                                 | 12  |
| Item                2.                                    | Changes                in Securities and Use of Proceeds.                                                         | 12  |
| Item                3.                                    | Defaults                Upon Senior Securities.                                                                   | 12  |
| Item                4.                                    | Submission                of Matters to a Vote of Security Holders.                                               | 12  |
| Item                5.                                    | Other                Information.                                                                                 | 12  |
| Item                6.                                    | Exhibit                and Reports on Form 8-K                                                                    | 12  |

----

**Item      1.  Financial Statements (unaudited)**

**BLUEBIRD      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM  BALANCE      SHEETS**

**(Unaudited)**

|                                                                      |   | September                30,2007 |    |   | December                31,2006 |   |
|---------------------------------------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                                                           |   |                             |    |   |                            |   |
| **ASSETS**                                                                |   |                             |    |   |                            |   |
| **CURRENT                ASSETS**                                         |   |                             |    |   |                            |   |
| Cash                                                                      |   | $                                | 2,411   |   |                            | $      | 13,173 |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
| TOTAL                ASSETS                                               |   | $                                | 2,411   |   |                            | $      | 13,173 |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ EQUITY (DEFICIT)**   |   |                             |    |   |                            |   |   |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
| **CURRENT                LIABILITIES**                                    |   |                             |    |   |                            |   |   |   |
| Accounts                payable and accrued liabilities                   |   | $                                | 7,160   |   |                            | $      | 3,000 |   |
| Due                to related party                                       |   |                             | 5,166   |   |                            |   | 500 |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
|                                                                      |   |                             | 12,326  |   |                            |   | 3,500 |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
| **STOCKHOLDERS’                EQUITY (DEFICIT)**                   |   |                             |    |   |                            |   |   |   |
| Capital                stock (Note 4)                                     |   |                             |    |   |                            |   |   |   |
| Authorized                                                                |   |                             |    |   |                            |   |   |   |
| 75,000,000                shares of common stock, $0.0001 par value,      |   |                             |    |   |                            |   |   |   |
| Issued                and outstanding                                     |   |                             |    |   |                            |   |   |   |
| 13,220,000                shares of common stock                          |   |                             | 132     |   |                            |   | 132 |   |
| Additional                paid-in capital                                 |   |                             | 18,968  |   |                            |   | 18,968 |   |
| Deficit                accumulated during the exploration stage           |   |                             | (29,015 | )      |                            |   | (9,427 | ) |
|                                                                      |   |                             |    |   |                            |   |   |   |
|                                                                      |   |                             | (9,915  | )      |                            |   | 9,673 |   |
|                                                                      |   |                             |    |   |                            |   |   |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) |   | $                                | 2,411   |   |                            | $      | 13,173 |   |

----

**BLUEBIRD      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                         |   | Three                monthsendedSeptember                30,2007(Unaudited) |   |   | Three                monthsendedSeptember                30,2006(Unaudited) |   |   | Nine                monthsendedSeptember                30,2007(Unaudited) |   |   | Nine                months endedSeptember                30,2006(Unaudited) |   |   | Cumulative                results of operations fromJuly                15,2005                (date ofinception)                toSeptember                30,2007(Unaudited) |   |
|----------------------------------------------|--------|-----------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                         |   |                                                                        |   |   |                                                                        |   |   |                                                                       |   |   |                                                                        |   |   |                                                                                                                                                                           |   |
|                                         |   |                                                                        |   |   |                                                                        |   |   |                                                                       |   |   |                                                                        |   |   |                                                                                                                                                                           |   |
| **EXPENSES**                                 |   |                                                                        |   |   |                                                                        |   |   |                                                                       |   |   |                                                                        |   |   |                                                                                                                                                                           |   |
|                                         |   |                                                                        |   |   |                                                                        |   |   |                                                                       |   |   |                                                                        |   |   |                                                                                                                                                                           |   |
| Exploration                & development |   | $                                                                           | -      |   |                                                                        | $      | -      |                                                                       |   | $      | 3,415                                                                       |   |   | $                                                                                                                                                                              | 3,565  |   |   | $ | 6,980 |   |
| Office                and general            |   |                                                                        | 1,736  |   |                                                                        |   | 378    |                                                                       |   |   | 2,346                                                                       |   |   |                                                                                                                                                                           | 781    |   |   |   | 3,427 |   |
| Professional                fees             |   |                                                                        | 5,520  |   |                                                                        |   | 1,200  |                                                                       |   |   | 13,827                                                                      |   |   |                                                                                                                                                                           | 1,200  |   |   |   | 18,608 |   |
|                                         |   |                                                                        |   |   |                                                                        |   |   |                                                                       |   |   |                                                                        |   |   |                                                                                                                                                                           |   |   |   |   |   |   |
| **NET                LOSS**                  |   | $                                                                           | (7,256 | )      |                                                                        | $      | (1,578 | )                                                                          |   | $      | (19,588                                                                     | )      |   | $                                                                                                                                                                              | (5,546 | ) |   | $ | (29,015 | ) |

| **BASIC                AND DILUTED NET LOSS PER SHARE**                 |   | $      | 0.00       |   |   | $      | 0.00       |   |   | $      | 0.00       |   |   | $      | 0.00       |   |   |
|-------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                                                    |   |   |       |   |   |   |       |   |   |   |       |   |   |   |       |   |   |
| **WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING** |   |   | 13,220,000 |   |   |   | 10,000,000 |   |   |   | 13,220,000 |   |   |   | 10,000,000 |   |   |

----

**BLUEBIRD      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)**

**(Unaudited)**

**FROM      INCEPTION (July 15, 2005) TO SEPTEMBER 30, 2007**

|                                                                                                                    |   | Common                Stock     |       |   | Additional |   |   | DeficitAccumulatedDuring                the |   |   |             |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|--------|------------|--------|--------|---------------------------------------------|--------|--------|------------------|--------|
|                                                                                                                    |   | Number                of shares |       |   | Amount     |   |   | Paid-inCapital                              |   |   | ExplorationStage |   |   | Total |   |
|                                                                                                                    |   |                            |       |   |       |   |   |                                        |   |   |             |   |   |   |   |
| Balance,                July 15, 2005 (Date of Inception)                                                               |   |                            | -          |   |       | $      | -      |                                        |   | $      | -                |   |   | $ | - |   |   | $ | - |   |
|                                                                                                                    |   |                            |       |   |       |   |   |                                        |   |   |             |   |   |   |   |   |   |   |   |   |
| Common                stock issued for cash at $0.0003 per share - September 30,                2005                    |   |                            | 10,000,000 |   |       |   | 100    |                                        |   |   | 2,900            |   |   |   | - |   |   |   | 3,000 |   |
| Net                loss for the period                                                                                  |   |                            | -          |   |       |   | -      |                                        |   |   | -                |   |   |   | (702 | ) |   |   | (702 | ) |
| Balance,                December 31, 2005                                                                               |   |                            | 10,000,000 |   |       |   | 100    |                                        |   |   | 2,900            |   |   |   | (702 | ) |   |   | 2,298 |   |
| Common                stock issued for cash @ $0.005    per share. December                14, 2006 |   |                            | 3,220,000  |   |       |   | 32     |                                        |   |   | 16,068           |   |   |   | - |   |   |   | 16,100 |   |
| Net                loss for the period                                                                                  |   |                            |       |   |       |   |   |                                        |   |   |             |   |   |   | (8,725 | ) |   |   | (8,725 | ) |
| Balance,                December 31, 2006                                                                               |   |                            | 13,220,000 |   |       |   | 132    |                                        |   |   | 18,968           |   |   |   | (9,427 | ) |   |   | 9,673 |   |
|                                                                                                                    |   |                            |       |   |       |   |   |                                        |   |   |             |   |   |   |   |   |   |   |   |   |
| Net                loss for the period                                                                                  |   |                            | -          |   |       |   | -      |                                        |   |   | -                |   |   |   | (19,588 | ) |   |   | (19,588 | ) |
| Balance,                September 30, 2007                                                                              |   |                            | 13,220,000 |   |       | $      | 132    |                                        |   | $      | 18,968           |   |   | $ | (29,015 | ) |   | $ | (9,915 | ) |

----

**BLUEBIRD      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      STATEMENTS OF CASH FLOWS**

|                                                                                                                                              |   | Three                monthsended,September                30,2007 |    |   | Three                monthsendedSeptember                30,2006 |   |   | Nine                monthsendedSeptember                30,2007 |   |   | Nine                monthsendedSeptember                30,2006 |   |   | Cumulative                results of operations from inception(July                15, 2005) toSeptember                30, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------|--------|------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------|--------|--------|-----------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |
| **Cash                Flows From Operating Activities**                                                                                           |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |
| Net                loss                                                                                                                           |   | $                                                                 | (7,256  | )      |                                                             | $      | (1,578 | )                                                               |   | $      | (19,588                                                         | )      |   | $                                                                                                                                | (5,546 | ) |   | $ | (29,015 | ) |
| Adjustment                to reconcile net loss to net cash used in operating activities -accounts                payable and accrued liabilities |   |                                                              | (4,147  | )      |                                                             |   | -      |                                                            |   |   | 4,160                                                           |   |   |                                                                                                                             | -      |   |   |   | 7,160 |   |
| **Net                Cash Used In Operating Activities**                                                                                          |   |                                                              | (11,403 | )      |                                                             |   | (1,578 | )                                                               |   |   | (15,428                                                         | )      |   |                                                                                                                             | (5,546 | ) |   |   | (21,855 | ) |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| **Cash                Flows From Financing Activities**                                                                                           |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| Proceeds                from sale of common stock                                                                                                 |   |                                                              | -       |   |                                                             |   | 8,100  |                                                            |   |   | -                                                               |   |   |                                                                                                                             | 13,100 |   |   |   | 19,100 |   |
| Related                party advance                                                                                                              |   |                                                              | 4,666   |   |                                                             |   | -      |                                                            |   |   | 4,666                                                           |   |   |                                                                                                                             | -      |   |   |   | 5,166 |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| **Net                Cash Provided By Financing Activities**                                                                                      |   |                                                              | 4,666   |   |                                                             |   | 8,100  |                                                            |   |   | 4,666                                                           |   |   |                                                                                                                             | 13,100 |   |   |   | 24,266 |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| **Net                Increase (Decrease) In Cash**                                                                                                |   |                                                              | (6,737  | )      |                                                             |   | 6,522  |                                                            |   |   | (10,762                                                         | )      |   |                                                                                                                             | 7,554  |   |   |   | 2,411 |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| **Cash,                Beginning Of Period**                                                                                                      |   |                                                              | 9,148   |   |                                                             |   | 3,830  |                                                            |   |   | 13,173                                                          |   |   |                                                                                                                             | 2,798  |   |   |   | - |   |
|                                                                                                                                              |   |                                                              |    |   |                                                             |   |   |                                                            |   |   |                                                            |   |   |                                                                                                                             |   |   |   |   |   |   |
| **Cash,                End Of Period**                                                                                                            |   | $                                                                 | 2,411   |   |                                                             | $      | 10,352 |                                                            |   | $      | 2,411                                                           |   |   | $                                                                                                                                | 10,352 |   |   | $ | 2,411 |   |

| Interest |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|----------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|

| Income                taxes |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|-----------------------------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|--------|---|---|--------|

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**BLUEBIRD      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**NOTES      TO THE INTERIM FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2007**

**NATURE      OF CONTINUANCE OF OPERATIONS**

**INTERIM        REPORTING**

**RELATED        PARTY TRANSACTIONS**

**MINERAL        PROPERTIES**

----

**Item      2. Management's Discussion and Analysis of Financial Condition and Plan of      Operations**

**Description      Of Business**

**In      General**

**Location,        Access and Description**

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**Plan      Of Operation**

| Mobilization/Demobilization                                                                                            |   | $      | 2,000  |   |
|------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Geologist                        (3                days @ $400/day)            |   | $      | 1,200  |   |
| Geotechnician                 (3                days @ $300/day)                                                  |   | $      | 900    |   |
| Equipment                rental, fuel, food, supplies                                                                  |   | $      | 700    |   |
| Assays                           (20                @ $30 each) |   | $      | 600    |   |
| Helicopter                      (3                hours @ $800/hour)                     |   | $      | 2,400  |   |
| Report                                                                                                                 |   | $      | 500    |   |
| Filing                Fees                                                                                             |   | $      | 200    |   |
|                                                                                                                   |   |   |   |   |
| Total                                                                                                                  |   | $      | 8,500  |   |

----

| Mobilization\Demobilization                             |   | $      | 5,000  |   |
|---------------------------------------------------------|--------|--------|--------|--------|
| Airborne                  MAG-EM Survey                 |   | $      | 12,500 |   |
| Horizontal                  Loop Electromagnetic Survey |   | $      | 9,500  |   |
| Data                  Reduction and Report              |   | $      | 2,500  |   |
| Administration                  Fees and Taxes          |   | $      | 7,000  |   |
|                                                    |   |   |   |   |
| Total                                                   |   | $      | 36,500 |   |

**Liquidity      and Capital Resources**

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**Off-Balance        Sheet Arrangements**

**Bluebird      Claim Purchase Agreement**

**Product      Research and Development**

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**Item      3. Controls and Procedures**

**Changes      In Internal Controls.**

**Item      1.      Not applicable.**

**Item      2.      Not applicable.**

**Item      3.      Not applicable.**

**Item      4.      Not applicable.**

**Item        5.  Other Information**

**Item      6.      Not applicable.**

| Exhibit                  Number | Description |
|---------------------------------|-------------|

|   | 31.1 | Section                  302 Certification of Chief Executive Officer and Chief Financial                  Officer |
|--------|------|--------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                  Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                  906 of                  The Sarbanes-Oxley Act of 2002 |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Bluebird                Exploration Company . |                                                                              |
|-----------------------------------------------|-----------------------------------------------------------------------------------|
|                                          |                                                                              |
| Dated:                November 14, 2007       | /s/                Peter Lawrence Wells        |
|                                          | Chief                Executive Officer and                                        |
|                                          | Chief                Financial Officer                                            |

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