UNITED STATESSECURITIES AND EXCHANGE
COMMISSIONWASHINGTON, DC 20549



Q  QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 For the quarterly
period ended March 31, 2009

£  TRANSITION REPORT
PURSUANT TO 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                     | M5X 1K7             
|100 King Street West, Suite 5700         | (Zip Code)          
|Toronto, Ontario, Canada                 |                     
|(Address of Principal Executive Offices) |                     

(416) 915-3199

(Registrant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
      Q


Indicate by check mark whether the registrant 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:
65,590,836 outstanding as of May 1, 2009.

---

URANIUM HUNTER CORPORATION

TABLE OF CONTENTS

|                               |                                                                                             | **Page**
|------------------------------ | ------------------------------------------------------------------------------------------- | --------
|PART I - FINANCIAL INFORMATION |                                                                                            
|Item 1.                        | Financial Statements                                                                        | 1 - 11  
|Item 2.                        | Managements Discussion and Analysis of
      Financial Condition and Results of Operations | 12 - 15 
|Item 3.                        | Quantitative and Qualitative Disclosures About
      Market Risk                            | 16      
|Item 4T.                       | Controls and Procedures                                                                     | 16      
|                               |                                                                                             |         
|PART II - OTHER INFORMATION    |                                                                                            
|Item 1.                        | Legal Proceedings                                                                           | 17      
|Item 2.                        | Unregistered Sales of Equity Securities and Use
      of Proceeds                           | 17      
|Item 3.                        | Default upon Senior Securities                                                              | 17      
|Item 4.                        | Submission of Matters to a Vote of Security
      Holders                                   | 17      
|Item 5.                        | Other Information.                                                                          | 17      
|Item 6.                        | Exhibits.                                                                                   | 17      
|                               |                                                                                             |         
|SIGNATURES                     | 18                                                                                         

---

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

URANIUM HUNTER CORPORATION 
(AN EXPLORATION STAGE MINING COMPANY) 
INTERIM CONSOLIDATED FINANCIAL STATEMENTS 
MARCH 31, 2009(Amounts expressed in US Dollars) 
(Unaudited-Prepared by Management)

CONTENTS

|Interim Consolidated
      Balance Sheets as of March 31, 2009 (unaudited) and September 30, 2008
      (audited)                                                                                                             | 1    
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----
|Interim Consolidated Statements of
      Operations for the six months and three months ended March 31, 2009 and
      March 31, 2008 and period from the inception of exploration (January 1,
      2007) to March 31, 2009. | 2    
|Interim Consolidated
      Statements of Changes in Stockholders' Deficiency for the six months ended
      March 31, 2009 and year ended September 30, 2008.                                                                 | 3    
|Interim Consolidated Statements of Cash
      Flows for the six months ended March 31, 2009 and March 31, 2008 and from
      inception of exploration (January 1, 2007) to March 31, 2009.                                   | 4    
|Condensed Notes to
      unaudited Interim Consolidated Financial Statements                                                                                                                                                  | 5 -11

i

---

|URANIUM HUNTER CORPORATION.              
|-----------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)    
|Interim Consolidated Balance Sheets as at
|March 31, 2009 and September 30, 2008    
|(Amounts expressed in US Dollars)        
|(Unaudited-Prepared by Management)       

|                                               |  | Mar 31,     |   |  | Sept 30,  |  
|---------------------------------------------- |  | ----------- | - |  | --------- | -
|                                               |  | 2009        |   |  | 2008      |  
|                                               |  | (unaudited) |   |  | (audited) |  
|                                               |  | $           |   |  | $         |  
|                                               |  |             |   |  |           |  
|ASSETS                                        
|Current                                        |  |             |   |  |           |  
|Cash and cash equivalents                      |  | 86          |   |  | 1,516     |  
|Total Current Assets                           |  | 86          |   |  | 1,516     |  
|Plant and Equipment, net (Note 3)              |  | 5,477       |   |  | 6,085     |  
|Total Assets                                   |  | 5,563       |   |  | 7,601     |  
|                                              
|LIABILITIES                                   
|Current                                        |  |             |   |  |           |  
|Accounts payable and accrued
      liabilities |  | 143,488     |   |  | 104,508   |  
|Total Current Liabilities                      |  | 143,488     |   |  | 104,508   |  
|Total Liabilities                              |  | 143,488     |   |  | 104,508   |  
|Going Concern (note 2)                         |  |             |   |  |           |  
|Related party transactions (note 7)            |  |             |   |  |           |  
|Commitments and Contingencies (note
      8)   |  |             |   |  |           |  
|STOCKHOLDERS' DEFICIENCY                      
|Capital Stock (note 4)                         |  |             |   |  |           |  
|Common stock                                   |  | 65,591      |   |  | 64,320    |  
|Additional Paid-in Capital                     |  | 915,705     |   |  | 823,340   |  
|Accumulated Deficit                            |  | (1,119,221  | ) |  | (984,567  | )
|Total Stockholders' Deficiency                 |  | (137,925    | ) |  | (96,907   | )
|Total Liabilities and Stockholders' Deficiency |  | 5,563       |   |  | 7,601     |  

See Condensed notes to the unaudited Interim Consolidated
Financial Statements

1

---

|URANIUM HUNTER CORPORATION.                                                                                                   
|------------------------------------------------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                                                         
|Interim Consolidated Statements of Operations                                                                                 
|For the six months and three months ended March 31, 2009
      and March 31, 2008 and the period from inception of exploration
|(January 1, 2007) to March 31, 2009                                                                                           
|(Amounts expressed in US Dollars)                                                                                             
|(Unaudited-Prepared by Management)                                                                                            

For the
    
    
    For the
    
    
    For the
    
    
    For theCumulative
    
    
    six months
    
    
    six months
    
    
    three months
    
    
    three monthssince
    
    
    ended
    
    
    ended
    
    
    ended
    
    
    endedinception
    
    
    March 31,
    
    
    March 31,
    
    
    March 31,
    
    
    March 31,of exploration
    
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008$
    
    
    $
    
    
    $
    
    
    $
    
    
    $Operating ExpensesGeneral and administration
    
    803,945
    
    
    134,046
    
    
    136,644
    
    
    50,858
    
    
    64,678Project expenses
    
    259,446
    
    
    -
    
    
    71,867
    
    
    - -
    
    
    44,233Amortization
    
    2,025
    
    
    608
    
    
    456
    
    
    304
    
    
    228Total Operating Expenses
    
    1,065,416
    
    
    134,654
    
    
    208,967
    
    
    51,162
    
    
    109,139Loss from Operations
    
    (1,065,416
    )
    
    (134,654
    )
    
    (208,967
    )
    
    (51,162
    )
    
    (109,139
    )Loss before Income Taxes
    
    (1,065,416
    )
    
    (134,654
    )
    
    (208,967
    )
    
    (51,162
    )
    
    (109,139
    )Provision for income taxes
    
    -
    
    
    -
    
    
    -
    
    
    -
    
    
    -Net Loss
    
    (1,065,416
    )
    
    (134,654
    )
    
    (208,967
    )
    
    (51,162
    )
    
    (109,139
    )Loss per Weighted Average
      Number of Shares Outstanding -Basic and Diluted
    
    
    
    
    (0.00
    )
    
    (0.00
    )
    
    (0.00
    )
    
    (0.00
    )Weighted Average Number of Shares
      Outstanding -Basic and Fully Diluted
    
    
    
    
    64,480,600
    
    
    64,320,000
    
    
    64,644,769
    
    
    64,320,000


See Condensed notes to the unaudited Interim Consolidated
Financial Statements

2

---

|URANIUM HUNTER CORPORATION.                                                          
|-------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                
|Interim Consolidated Statements of Changes in Stockholders
      Equity (Deficiency)
|For the six months ended March 31, 2009 and year ended
      September 30, 2008.     
|(Amounts expressed in US Dollars)                                                    
|(Unaudited-Prepared by Management)                                                   

Common Stock (a)
    
    
    Additional
    
    
    Deficit
    
    
    TotalNumber
    
    
    
    
    
    Paid-in
    
    
    Accumulated
    
    
    Stockholders'of Shares
    
    
    Amount
    
    
    Capital (a)
    
    
    
    
    
    Equity(Deficiency)#
    
    
    $
    
    
    $
    
    
    $
    
    
    $Balance, September 30, 2005
    
    64,320,000
    
    
    64,320
    
    
    (6,820
    )
    
    (44,115
    )
    
    13,385Net loss for the year ended September 30, 2006
    
    
    
    
    
    
    
    
    
    
    (15,699
    )
    
    (15,699
    )Balance September 30, 2006
    
    64,320,000
    
    
    64,320
    
    
    (6,820
    )
    
    (59,814
    )
    
    (2,314
    )Cancellation of Obligation to issue 250,000 Common
      shares for assets acquired
    
    
    
    
    
    
    
    (25,000
    )
    
    
    
    
    (25,000
    )Stock subscriptions received
    
    
    
    
    
    
    
    675,000
    
    
    
    
    
    675,000Net loss for the year ended September 30, 2007
    
    
    
    
    
    
    
    
    
    
    (488,307
    )
    
    (488,307
    )Balance September 30, 2007
    
    64,320,000
    
    
    64,320
    
    
    643,180
    
    
    (548,121
    )
    
    159,379Stock subscriptions received
    
    
    
    
    
    
    
    20,000
    
    
    
    
    
    20,000Stock subscriptions received
    
    
    
    
    
    
    
    25,000
    
    
    
    
    
    25,000Stock subscriptions received
    
    
    
    
    
    
    
    50,000
    
    
    
    
    
    50,000Stock based compensation
    
    
    
    
    
    
    
    85,160
    
    
    
    
    
    85,160Net loss for the year ended September 30, 2008
    
    
    
    
    
    
    
    
    
    
    (436,446
    )
    
    (436,446
    )Balance September 30, 2008
    
    64,320,000
    
    
    64,320
    
    
    823,340
    
    
    (984,567
    )
    
    (96,907
    )Stock based compensation
    
    
    
    
    
    
    
    68,636
    
    
    
    
    
    68,636


Stock subscriptions received
    
    
    
    
    
    
    
    25,000
    
    
    
    
    
    25,000Common shares issued for subscriptions received
    
    1,270,836
    
    
    1,271
    
    
    (1,271
    )
    
    
    
    
    -Net loss for the six months ended March 31,
      2009
    
    
    
    
    
    
    
    
    
    
    (134,654
    )
    
    (134,654
    )Balance March 31, 2009
    
    65,590,836
    
    
    65,591
    
    
    915,705
    
    
    (1,119,221
    )
    
    (137,925
    )


| | 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.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------

See condensed notes to the unaudited Interim Consolidated Financial Statement

3

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|URANIUM HUNTER CORPORATION                                                                                   
|-------------------------------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                                        
|Interim Consolidated Statements of Cash Flows                                                                
|For the six months ended March 31, 2009 and March 31, 2008
      and the period from inception of exploration
|(January 1, 2007) to March 31, 2009                                                                          
|(Amounts expressed in US Dollars)                                                                            
|(Unaudited-Prepared by Management)                                                                           

|                                                |  | Cumulative              |   |  |          |   |  |          |  
|----------------------------------------------- |  | ----------------------- | - |  | -------- | - |  | -------- | -
|                                                |  | Since                   |   |  | Mar 31,  |   |  | Mar 31,  |  
|                                                |  | Inception (Jan 1, 2007) |   |  | 2009     |   |  | 2008     |  
|                                                |  | of exploration          |   |  |          |   |  |          |  
|                                                |  | $                       |   |  | $        |   |  | $        |  
|                                                |  |                         |   |  |          |   |  |          |  
|Cash Flows from Operating Activities            |  |                         |   |  |          |   |  |          |  
|Net loss                                        |  | (1,065,416              | ) |  | (134,654 | ) |  | (208,967 | )
|Adjustment for:                                 |  |                         |   |  |          |   |  |          |  
|Depreciation                                    |  | 2,025                   |   |  | 608      |   |  | 456      |  
|Stock based
      compensation                  |  | 153,796                 |   |  | 68,636   |   |  | -        |  
|Changes in
      non-cash working capital       |  |                         |   |  |          |   |  |          |  
|Prepaid expenses                                |  | -                       |   |  | -        |   |  | (12,884  | )
|Accounts payable and accrued liabilities        |  | 143,488                 |   |  | 38,980   |   |  | (4,966   | )
|Discontinued operations                         |  | 8,963                   |   |  | -        |   |  | -        |  
|Net cash used in
      operating activities     |  | (757,144                | ) |  | (26,430  | ) |  | (226,361 | )
|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                              |  | (21,396                 | ) |  | (1,430   | ) |  | (228,444 | )
|Cash- beginning of period                       |  | 21,482                  |   |  | 1,516    |   |  | 229,524  |  
|Cash - end of period                            |  | 86                      |   |  | 86       |   |  | 1,080    |  
|Supplemental Cash Flow Information              |  |                         |   |  |          |   |  |          |  
|Interest paid                                   |  | -                       |   |  | -        |   |  | -        |  
|Income taxes paid                               |  | -                       |   |  | -        |   |  | -        |  

See condensed notes to the unaudited Interim Consolidated
Financial Statements

4

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|URANIUM HUNTER CORPORATION                                  
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|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
      changed its primary operations from operating a boat launch to mining
      exploration.                                                                 

5

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|URANIUM HUNTER CORPORATION                                  
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|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 $134,654 for the six month period ended March 31, 2009 which
      includes non-cash stock based compensation expense for $68,636. At March
      31, 2009, the Company had an accumulated deficit of $1,119,221. 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 subscriptions for $20,000, in May 2008 the Company received
      stock subscriptions 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.
      In March 2009, the Company issued 1,270,836 common shares to all
      subscribers who had subscribed to the Companys stock from Jan 2007 to
      December 2008. 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 March 31, 2009
    Cost
    Accumulated Amortization
    Net Book Value (March 31, 2009)
    Net Book Value (September 30, 2008)Computer Equipment
    $6,480
    $1,690
    $4,790
    $5,322Furniture and Fixtures
    $1,022
    $335
    $687
    $763Total
    $7,502
    $2,025
    $5,477
    $6,085


6

---

|URANIUM HUNTER CORPORATION                                  
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|4. | Capital Stock
|-- | -------------

Authorized:
    450,000,000 common shares $0.001 par valueIssued:
    65,590,836 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. The Company
issued shares on March 9, 2009. 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. The Company issued shares on
March 9, 2009. 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. The Company issued shares on March 9, 2009.

Three month period ended December
31, 2008

In October 2008, the Company received a
$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. The Company
issued shares on March 9, 2009.

Three month period ended March 31,
2009

On March 9, 2009, the Company issued
1,270,836 common shares for a total of $795,000 stock subscriptions received
during the prior period from January 2007 to December 2008..

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.

7

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|URANIUM HUNTER CORPORATION                                  
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|5. | Stock Based
      Compensation-Contd                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | 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:
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Due to the resignation of the Chief Executive Officer and
      two directors of the Company, in March 2009, their unvested options were
      cancelled.                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | For this six-month period ended March 31, 2009, 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-September2008Risk free rate
    2.95%Volatility factor
    109.06%Expected dividends
    0%Forfeiture rate
    0%Expected life
    5 yearsExercise price
    $0.24Total number of options granted
    1,750,000Grant date fair value
    $0.17Total number of options forfeited
    -Stock-based compensation cost expensed during the six
      month period ended March 31, 2009
    $68,636Unexpended Stock -based compensation
      cost deferred over the vesting period
    $20,518


|   | As of March 31, 2009 there was $20,518 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.

8

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|URANIUM HUNTER CORPORATION.                                 
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|7. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Six month period ended March 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The Company expensed $29,598 as management fee to the
      Chief Executive Officer who resigned in March 2009 and $5,000 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:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

9

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|URANIUM HUNTER CORPORATION.                                 
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|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:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

10

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|URANIUM HUNTER CORPORATION.                                 
|------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                       
|Condensed Notes to Interim Consolidated Financial Statements
|March 31, 2009                                              
|(Amounts expressed in US Dollars)                           
|(Unaudited-Prepared by Management)                          

|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 $6,342 (CDN$8,000). Mr. Qamheiah resigned in March, 2009.                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|9.  | Changes in Directors and Officers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | Effective March 3, 2009, Mr. Reno J. Calabrigo was
      appointed a director and filled the vacancy created by the resignation of
      Mr. Howard Barth as director.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | Effective March 4, 2009, Mr. Reno J. Calabrigo was
      appointed Chief Executive Officer, President, Secretary and Treasurer of
      the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | Effective March 4, 2009, Mr. Akolisa Ufodike and Mr.
      Ghaith Qamheiah resigned as directors of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|10. | Subsequent Events                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    | Effective April 21, 2009, the Company signed a Letter of
      Intent/Option Agreement with Sparrowtech Resources, Inc, (Optionor) for
      a right to earn a 49% interest in the mineral claims situated in, La Paz,
      Arizona, USA, generally known and described as the Eagle Nest Mining
      Property (Eagle Nest). The initial option period will be for a maximum
      of one year from the effective date. The Optionor granted to the Company
      the right and option to acquire a 49% interest in the Eagle Nest property
      by making the following payments to the Optionor plus the cost of
      expenditures for mining work (Expenditures) and issuing shares of its
      capital as follows:

1.
    Deposit due on signing of LOI and paid
    
    $10,000Due and payable to the Optionor by May 31, 2009
    
    $35,000Work program commitment expenditures to be
      incurred on exploration:Within three months-Before July 21, 2009
    $60,000Within nine months-Before January 21, 2010
    $90,000Total within one year- Before April 21, 2010
    
    $150,000


2.
    The Company will issue two (2) million restricted common
      shares of the Companys common stock to the Optionor by May 15, 2009 (not
      yet issued).3.
    On subsequent anniversary dates, the Company will pay
      $15,000 to the Optionor:


April 21, 2010
    $15,000April 21, 2011
    $15,000April 21, 2012
    $15,000


Any expenditure incurred in excess for
such period shall be credited towards the expenditures required for the
succeeding period or periods. The initial option may be terminated by the
Company at their sole discretion any time after the exploration payments for the
initial minimum of nine months of assessment work and taxes are paid. If the
Company elects to terminate the Initial Option, the Company will not have
acquired any interest in the Property. During the initial option period, the
Optionor will be the operator manager of the exploration programs and will be entitled to a 15% administration fee on
exploration expenditures. All costs related to keeping the property in good
standing including property taxes and costs to maintain the concessions in good
standing will be considered allowed exploration expenditures.

11

---

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.

12

---

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.

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.

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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.

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.

The Eagle Nest Property

Effective April 21, 2009, the Company signed a Letter of Intent
with Sparrowtech Resources, Inc, (Optionor) for a right to earn 49% interest
in the mineral claims situated in, La Paz, Arizona, USA collectively generally
known and described as the Eagle Nest Mining Property (Eagle Nest). The
initial option period will be for a maximum of one year from the effective date.
The Optionor granted to the Company the right and option to acquire a 49%
interest in the Eagle Nest property by making the following payments to the
Optionor plus the cost of expenditures for mining work (Expenditures) and
issuing shares of its capital as follows:

|1. | Deposit due on signing of LOI and paid                                    |         | $10,000 
|-- | ------------------------------------------------------------------------- | ------- | --------
|   | Due and payable to the Optionor by May 31, 2009                           |         | $35,000 
|   | Work program commitment expenditures to be
      incurred on exploration: |         |         
|   | Within three months-Before July 21, 2009                                  | $60,000 |         
|   | Within nine months-Before January 21, 2010                                | $90,000 |         
|   | Total within one year- Before April 21, 2010                              |         | $150,000

|2. | The Company will issue two (2) million restricted common
      shares of the Companys common stock to the Optionor by May 15, 2009 (not
      yet issued)
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                           
|3. | On subsequent anniversary dates, the Company will pay
      $15,000 to the Optionor:                                                                      

| | April 21, 2010 | $15,000
| | -------------- | -------
| | April 21, 2011 | $15,000
| | April 21, 2012 | $15,000

Any expenditure incurred in excess for such period shall be
credited towards the expenditures required for the succeeding period or periods.
The initial option may be terminated by the Company at their sole discretion any
time after the exploration payments for the initial minimum of nine months of
assessment work and taxes are paid. If the Company elects to terminate the
Initial Option, the Company will not have acquired any interest in the Property.
During the initial option period, the Optionor will be the operator manager of
the exploration programs and will be entitled to a 15% administration fee on
exploration expenditures. All costs related to keeping the property in good
standing including property taxes and costs to maintain the concessions in good
standing will be considered allowed exploration expenditures.

14

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Results of Operations

We are now an exploration stage mining company and have not
realized any revenues from such operations. We were incorporated in September
2003 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. Prior year figures have been reclassified
in the balance sheet, income statement and the statement cash flows to reflect
the operations of the boat launch and convenience store business as discontinued
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 $51,162 and $134,654 for the
three and six months ended March 31, 2009 compared to total operating expenses
of $109,139 and $208,967 for the three and six months ended March 31, 2008.
Cumulatively since inception of exploration, we had total operating expenses of
$1,065,416. General and administrative expenses were $50,858 and $134,046 and
project expenses were $nil and $nil for the three and six months ended March 31,
2009 compared to $64,678 and $136,644 and $44,233 and $71,867 for the three and
six months ended March 31, 2008. Cumulatively since inception of exploration,
general and administrative expenses were $803,945 and project expenses were
$259,446.

For the three and six months ended March 31, 2009, we had a net
loss of $51,162 and $134,654 compared to a net loss of $109,139 and $208,967 for
the three and six months ended March 31, 2008. Cumulatively since inception of
exploration, we had a net loss of $1,065,416. 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 March 31, 2009, we had a working capital deficit of $143,402
and a stockholders deficit of $137,925, compared to working capital deficit of
$102,992 and stockholders deficit of $96,907 on September 30, 2008. On March
31, 2009, we had $86 in cash and cash equivalents, total assets of $5,563 and
total liabilities of $143,488, compared to $1,516 in cash and cash equivalents,
total assets of $7,601 and total liabilities of $104,508 on September 30,
2008.

Cash used for operating activities for the six months ended
March 31, 2009 was $26,430 primarily due to a net loss of $134,654 together with
increase in accounts payable and accrued liabilities of $38,980 and stock based
compensation expense for $68,636.. Cash used in operating expenses for the six
months ended March 31, 2008 was $226,361 primarily due to a net loss from
continuing operations of $208,967 together with increase in prepaid expenses of
$12,884 and a reduction in accounts payable and accrued liabilities of $4,966.
Net cash used in investing activities was $2,083 for the six months ended March
31, 2008 due to the acquisition of plant and equipment compared to no investing
activities for the six months ended March 31, 2009. There was no cash provided
by financing activities for the six months ended March 31, 2008 compared to net
cash provided by financing activities of $25,000 for the six months ended March
31, 2008 resulting from a stock subscription received of $25,000.

As mentioned above, we are now in the exploration stage and
have not yet realized revenues from our planned operations. We incurred a net
loss of $134,654 for the six month period ended March 31, 2009. At March 31,
2009, we had an accumulated deficit of $1,119,221. We have 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. In March 2009, the Company issued 1,270,836 common shares to all
subscribers who had subscribed to the Companys stock from Jan 2007 to December
2008. 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.

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.

15

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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 March 31, 2009, 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.

16

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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.

On March 9, 2009, the Company issued 1,270,836 common shares
for a total of $795,000 stock subscriptions received during the prior period
from January 2007 to December 2008. The subscriptions were 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)                                                                  
|     |                                                                                                                                                                 
|99.1 | Letter of
      Intent/Option Agreement as of April 21, 2009 between Sparrowtech Resources
      Inc., as optionor and the Company as optionee.                 

17

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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:  May 19, 2009 | By: | /s/ Reno J. Calabrigo                
|                     |     | Reno J. Calabrigo,                   
|                     |     | President and Chief Executive Officer
|                     |     | (Principal Executive Officer)        
|                     |     |                                      
|                     |     |                                      
|                     |     |                                      
|Dated:  May 19, 2009 | By: | /s/ Rakesh Malhotra                  
|                     |     | Rakesh Malhotra,                     
|                     |     | Chief Financial Officer              
|                     |     | (Principal Financial Officer)        

18

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