| [X]                                                                                                                                                                                                                                                                                                                                                                                        | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
| For the quarterly period ended                                                                                                                                                                                                                                                                                                                                                             | March 31, 2011                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                       | or                                                                                      |
| [  ]                                                                                                                                                                                                                                                                                                                                                                             | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934      |
| For the transition period from                                                                                                                                                                                                                                                                                                                                                             |                                                                                    | to |   |
| Commission File Number                                                                                                                                                                                                                                                                                                                                                                     | 333-140299                                                                              |
| SILVERSTAR MINING CORP.                                                                                                                                                                                                                                                                                                                                                                    |
| (Exact name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                     |
| Nevada                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                    | 98-0425627 |
| (State or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                             |                                                                                    | (IRS Employer Identification No.) |
| 350 East 82nd Street Suite 16D, New York, New York                                                                                                                                                                                                                                                                                                                                         | 10028                                                                                   |
| (Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                   | (Zip Code)                                                                              |
| 917.531.2856                                                                                                                                                                                                                                                                                                                                                                               |
| (Registrant’s telephone number, including area code)                                                                                                                                                                                                                                                                                                                                 |
|  N/A                                                                                                                                                                                                                                                                                                                                                                                  |
| (Former name, former address and former fiscal year, if changed since last report)                                                                                                                                                                                                                                                                                                         |
| 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.                                   |
| [ X ]                                                                                                                                                                                                                                                                                                                                                                            | YES                                                                                     | [  ] | NO |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). |
|                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   | [  ] | YES | [ X ] | NO |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company.  See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act                                            |
| Large accelerated filer                                                                                                                                                                                                                                                                                                                                                                    | [  ]                                                                          | Accelerated filer | [  ] |
| Non-accelerated filer                                                                                                                                                                                                                                                                                                                                                                      | [  ]                                                                          | (Do not check if a smaller reporting company) | Smaller reporting company | [ X ] |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   | [X] | YES | [  ] | NO |
| APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARSCheck whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   | [  ] | YES | [  ] | NO |
| APPLICABLE ONLY TO CORPORATE ISSUERS                                                                                                                                                                                                                                                                                                                                                       |
| Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.                                                                                                                                                                                                                                                        |
| Our company had 42,168,837 common shares issued and outstanding as of May 16, 2011.                                                                                                                                                                                                                                                                                                        |                                                                                    |   |   |   |   |

|  Financial Statements                                                    | Page 1       |
|-------------------------------------------------------------------------------|--------------|
| Consolidated Financial Statements                                             | Page 2       |
| Consolidated Balance Sheets                                                   | Page 3       |
| Consolidated Statements of Operations                                         | Page 4       |
| Consolidated Statements of Cash Flows                                         | Page 5       |
| Consolidated Statements of Changes in Stockholders’ Equity (Deficiency) | Page 6       |
| Consolidated Statements of Changes in Stockholders’ Equity (Deficiency) | Page 7       |
| Notes to Consolidated Financial Statements                                    | Page 8 to 27 |

| Item 1.  Legal Proceedings                                           | Page 28 |
|--------------------------------------------------------------------------------|---------|
| Item 1A.  RISK FACTORS                                               | Page 28 |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds | Page 28 |
| Item 3.  Defaults Upon Senior Securities                             | Page 28 |
| Item 4. [Removed and Reserved]                                                 | Page 28 |
| Item 5.  Other Information                                           | Page 28 |
| Item 6.  Exhibits                                                    | Page 28 |
| SIGNATURES                                                                     | Page 29 |
| EXHIBIT 31.1                                                                   | Page 30 |
| EXHIBIT 31.2                                                                   | Page 31 |
| EXHIBIT 32.1                                                                   | Page 32 |
| EXHIBIT 32.2                                                                   | Page 33 |

|                                                                 |   | As at 31 March2011 |   | As at 30 September 2010(Audited) |
|----------------------------------------------------------------------|--------|--------------------|--------|----------------------------------|
|                                                                 |   | $                  |   | $                                |
| Assets                                                               |   |               |   |                             |
|                                                                 |   |               |   |                             |
| Current                                                              |   |               |   |                             |
| Cash and cash equivalents                                            |   | 921                |   | 1,907                            |
|                                                                 |   |               |   |                             |
|                                                                 |   | 921                |   | 1,907                            |
|                                                                 |   |               |   |                             |
| Liabilities                                                          |   |               |   |                             |
|                                                                 |   |               |   |                             |
| Current                                                              |   |               |   |                             |
| Accounts payable and accrued liabilities (Note 5)                    |   | 5,638              |   | 20,374                           |
| Convertible debentures (Note 6)                                      |   | 17,865             |   | 17,118                           |
| Demand loan (Note 7)                                                 |   | 70,677             |   | 35,184                           |
| Due to related parties (Note 8)                                      |   | 9,370              |   | 22,500                           |
|                                                                 |   |               |   |                             |
|                                                                 |   | 103,550            |   | 95,176                           |
| Stockholders’ deficiency                                       |   |               |   |                             |
| Capital stock (Note 10)                                              |   |               |   |                             |
| Authorized                                                           |   |               |   |                             |
| 225,000,000 of common shares, par value $0.001                       |   |               |   |                             |
| Issued and outstanding                                               |   |               |   |                             |
| 31 March 2011 – 42,168,837 common shares, par value $0.001     |   |               |   |                             |
| 30 September 2010 – 42,168,837 common shares, par value $0.001 |   | 42,169             |   | 42,169                           |
| Additional paid-in capital                                           |   | 1,333,852          |   | 1,321,852                        |
| Shares to be issued                                                  |   | 7,500              |   | 7,500                            |
| Deficit, accumulated during the development stage                    |   | (1,486,150)        |   | (1,464,790)                      |
|                                                                 |   |               |   |                             |
|                                                                 |   | (102,629)          |   | (93,269)                         |
|                                                                 |   |               |   |                             |
|                                                                 |   | 921                |   | 1,907                            |

1

|                                                                   | For the period from the date of incorporation on 5 December 2003 to31 March2011 |        | For the three month period ended 31 March 2011 |       | For the three month period ended 31 March 2010 |       | For the six month period ended 31 March 2011 |       | For the six month period ended 31 March 2010 |
|------------------------------------------------------------------------|--------------------------------------------------------------------------------------|-------------|------------------------------------------------|------------|------------------------------------------------|------------|----------------------------------------------|------------|----------------------------------------------|
|                                                                   |                                                                                 | $           |                                           | $          |                                           | $          |                                         | $          |                                         | $ |
|                                                                   |                                                                                 |        |                                           |       |                                           |       |                                         |       |                                         |   |
| Expenses                                                               |                                                                                 |        |                                           |       |                                           |       |                                         |       |                                         |   |
| Bank charges and interest (Notes 6, 7 and 12)                          |                                                                                 | 34,065      |                                           | 1,874      |                                           | 1,247      |                                         | 3,273      |                                         | 2,950 |
| Consulting                                                             |                                                                                 | 138,467     |                                           | -          |                                           | -          |                                         | -          |                                         | - |
| Exploration and development (recovery) (Note 4)                        |                                                                                 | 13,029      |                                           | -          |                                           | (600)      |                                         | -          |                                         | (600) |
| Filing fees                                                            |                                                                                 | 17,200      |                                           | -          |                                           | 1,250      |                                         | -          |                                         | 1,928 |
| Investor relations                                                     |                                                                                 | 84,992      |                                           | -          |                                           | -          |                                         | -          |                                         | - |
| Legal and accounting (recovery) (Note 9)                               |                                                                                 | 197,654     |                                           | (1,241)    |                                           | 13,204     |                                         | 3,059      |                                         | 18,950 |
| Licences and permits                                                   |                                                                                 | 3,416       |                                           | -          |                                           | -          |                                         | -          |                                         | - |
| Management fees (Notes 9, 10 and 12)                                   |                                                                                 | 94,000      |                                           | 4,500      |                                           | 4,500      |                                         | 9,000      |                                         | 9,000 |
| Rent (Notes 9, 10 and 12)                                              |                                                                                 | 35,700      |                                           | 1,500      |                                           | 1,500      |                                         | 3,000      |                                         | 3,000 |
| Transfer agent fees                                                    |                                                                                 | 22,783      |                                           | 1,625      |                                           | 682        |                                         | 2,530      |                                         | 1,507 |
| Travel, entertainment and office                                       |                                                                                 | 26,548      |                                           | 498        |                                           | 2,865      |                                         | 498        |                                         | 2,539 |
| Write-down of mineral property acquisition costs (Note 4)              |                                                                                 | 811,696     |                                           | -          |                                           | -          |                                         | -          |                                         | - |
| Write-down of website development costs                                |                                                                                 | 6,600       |                                           | -          |                                           | -          |                                         | -          |                                         | - |
| Recovery of expenses                                                   |                                                                                 | -           |                                           | -          |                                           | -          |                                         | -          |                                         | - |
|                                                                   |                                                                                 |        |                                           |       |                                           |       |                                         |       |                                         |   |
| Net loss for the period                                                |                                                                                 | (1,486,150) |                                           | (8,756)    |                                           | (24,648)   |                                         | (21,360)   |                                         | (39,274) |
|                                                                   |                                                                                 |        |                                           |       |                                           |       |                                         |       |                                         |   |
| Basic and diluted loss per common share                                |                                                                                 | (0.001)     |                                           | (0.001)    |                                           | (0.001)    |                                         | (0.001)    |
|                                                                   |                                                                                 |        |                                           |       |                                           |       |                                         |       |                                         |   |
| Weighted average number of common shares used in per share calculation |                                                                                 | 42,168,837  |                                           | 42,168,837 |                                           | 42,168,837 |                                         | 42,168,837 |

|                                                                          | For the period from the date of inception on 5 December 2003 to 31 March 2011 |   | For the three month period ended 31 March2011 |   | For the three month period ended 31 March2010 |   | For the six month period ended 31 March2011 |   | For the six month period ended 31 March2010 |
|-------------------------------------------------------------------------------|-------------------------------------------------------------------------------|--------|-----------------------------------------------|--------|-----------------------------------------------|--------|---------------------------------------------|--------|---------------------------------------------|
|                                                                          | $                                                                             |   | $                                             |   | $                                             |   | $                                           |   | $                                           |
| Cash flows used in operating activities                                       |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
| Net loss for the period                                                       | (1,486,150)                                                                   |   | (8,756)                                       |   | (24,648)                                      |   | (21,360)                                    |   | (39,274)                                    |
| Adjustments to reconcile loss to net cash used by operating activities        |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
| Accrued interest (Notes 6 and 7)                                              | 30,359                                                                        |   | 1,808                                         |   | 1,111                                         |   | 3,057                                       |   | 1,834                                       |
| Contributions to capital by related   parties (Notes 9 and 10) | 161,500                                                                       |   | 6,000                                         |   | 6,000                                         |   | 12,000                                      |   | 12,000                                      |
| Write-down of mineral property acquisition costs (Note 4)                     |  811,696                                                                 |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Write-down of website development costs                                       |  6,600                                                                   |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Changes in operating assets and liabilities                                   |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
| Increase (decrease) in accounts payable and accrued liabilities               | 5,638                                                                         |   | (2,738)                                       |   | 1,860                                         |   | (14,736)                                    |   | (4,462)                                     |
| Increase (decrease) in due to related parties                                 | 9,370                                                                         |   | (13,210)                                      |   | 6,500                                         |   | (13,130)                                    |   | (1,000)                                     |
|                                                                          |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
|                                                                          | (460,987)                                                                     |   | (16,896)                                      |   | (9,177)                                       |   | (34,169)                                    |   | (30,902)                                    |
| Cash flows used investing activities                                          |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
| Acquisition of Silverdale, net of cash received (Note 3)                      | (140,221)                                                                     |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Mineral property acquisition costs (Note 4)                                   | (21,375)                                                                      |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Website development costs                                                     | (6,600)                                                                       |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
|                                                                          |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
|                                                                          | (168,196)                                                                     |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Cash flows from financing activities                                          |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
| Convertible debenture                                                         | 15,000                                                                        |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Demand loan                                                                   | 65,683                                                                        |   | 16,000                                        |   | -                                             |   | 33,183                                      |   | 30,000                                      |
| Shares to be issued (Note 11)                                                 | -                                                                             |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Share issue costs                                                             | (1,255)                                                                       |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Common shares issued for cash (Note 11)                                       | 550,677                                                                       |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
| Common shares redeemed (Note 11)                                              | (1)                                                                           |   | -                                             |   | -                                             |   | -                                           |   | -                                           |
|                                                                          |                                                                          |   |                                          |   |                                          |   |                                        |   |                                        |
|                                                                          | 630,104                                                                       |   | 16,000                                        |   | -                                             |   | 33,183                                      |   | 30,000                                      |
|  Increase (decrease) in cash and cash equivalents                        | 921                                                                           |   | (896)                                         |   | (9,177)                                       |   | (986)                                       |   | (902)                                       |
|  Cash and cash equivalents, beginning of period                          | -                                                                             |   | 1,817                                         |   | 9,288                                         |   | 1,907                                       |   | 1,013                                       |
|  Cash and cash equivalents, end of period                                | 921                                                                           |   | 921                                           |   | 111                                           |   | 921                                         |   | 111                                         |

|                                                                                               | Number of shares issued | Capital stock | Shares to be issued / Additional paid in capital | Deficit, accumulated during the development stage | Stockholders’ equity (deficiency) |
|----------------------------------------------------------------------------------------------------|-------------------------|---------------|--------------------------------------------------|---------------------------------------------------|-----------------------------------------|
|                                                                                               |                    |          | $                                                |                                              | $                                       |   | $ |   | $ |
| Balance at 5 December 2003 (inception)                                                             | -                       |          | -                                                |                                              | -                                       |   | - |   | - |
| Common share issued for cash ($0.33 per share) (Note 10)                                           | 3                       |          | -                                                |                                              | 1                                       |   | - |   | 1 |
| Net loss for the period                                                                            | -                       |          | -                                                |                                              | -                                       |   | (450) |   | (450) |
|  Balance at 30 September 2004                                                                 | 3                       |          | -                                                |                                              | 1                                       |   | (450) |   | (449) |
| Net loss for the year                                                                              | -                       |          | -                                                |                                              | -                                       |   | (300) |   | (300) |
|  Balance at 30 September 2005                                                                 | 3                       |          | -                                                |                                              | 1                                       |   | (750) |   | (749) |
| Common shares issued for cash ($0.0003 per share) (Note 10)                                        | 30,000,000              |          | 30,000                                           |                                              | (20,000)                                |   | - |   | 10,000 |
| Common shares redeemed – cash ($0.33 per share) (Note 10)                                    | (3)                     |          | -                                                |                                              | (1)                                     |   | - |   | (1) |
| Contributions to capital by   related parties – expenses (Notes 9, 10 and 12) | -                       |          | -                                                |                                              | 24,000                                  |   | - |   | 24,000 |
| Net loss for the year                                                                              | -                       |          | -                                                |                                              | -                                       |   | (40,190) |   | (40,190) |
|  Balance at 30 September 2006                                                                 | 30,000,000              |          | 30,000                                           |                                              | 4,000                                   |   | (40,940) |   | (6,940) |
| Contributions to capital by related parties – expenses (Notes 10, 11 and 13)                 | -                       |          | -                                                |                                              | 24,000                                  |   | - |   | 24,000 |
| Common shares issued for cash ($0.0033 per share) (Note 10)                                        | 25,500,000              |          | 25,500                                           |                                              | 59,500                                  |   | - |   | 85,000 |
| Net loss for the year                                                                              | -                       |          | -                                                |                                              | -                                       |   | (64,567) |   | (64,567) |
|  Balance at 30 September 2007                                                                 | 55,500,000              |          | 55,500                                           |                                              | 87,500                                  |   | (105,507) |   | 37,493 |
| Contributions to capital by related parties – expenses (Notes 9, 10 and 12)                  | -                       |          | -                                                |                                              | 12,000                                  |   | - |   | 12,000 |
| Share subscriptions received in advance                                                            | -                       |          | -                                                |                                              | 422,176                                 |   | - |   | 422,176 |
| Share issue costs                                                                                  | -                       |          | -                                                |                                              | (1,255)                                 |   | - |   | (1,255) |
| Common shares issued for business acquisition ($0.15 per share) (Notes 3, 4 and 10)                | 4,334,000               |          | 4,334                                            |                                              | 645,766                                 |   | - |   | 650,100 |
| Common shares returned to treasury and cancelled (Notes 10)                                        | (15,000,000)            |          | (15,000)                                         |                                              | 15,000                                  |   | - |   | - |
| Net loss for the year                                                                              | -                       |          | -                                                |                                              | -                                       |   | (263,596) |   | (263,596) |
|  Balance at 30 September 2008                                                                 | 44,834,000              |          | 44,834                                           |                                              | 1,181,187                               |   | (369,103) |   | 856,918 |

|                                                                              | Number of shares issued | Capital Stock |  Shares to be issued / Additional paid in capital | Deficit, accumulated during the development stage | Stockholders’ equity (deficiency) |
|-----------------------------------------------------------------------------------|-------------------------|---------------|--------------------------------------------------------|---------------------------------------------------|-----------------------------------------|
|                                                                              |                    |          |                                                   | $                                                 |                                    | $ |   | $ |   | $ |
|                                                                              |                    |          |                                                   |                                              |                                    |   |   |   |   |   |
|  Balance at 30 September 2008                                                |                    | 44,834,000    |                                                   | 44,834                                            |                                    | 1,181,187 |   | (369,103) |   | 856,918 |
| Contributions to capital by related parties – expenses (Notes 9, 10 and 12) |                    | -             |                                                   | -                                                 |                                    | 65,500 |   | - |   | 65,500 |
| Share subscriptions received in advance                                           |                    | -             |                                                   | -                                                 |                                    | (422,176) |   | - |   | (422,176) |
| Common shares issued for cash ($0.25 per share) (Note 10)                         |                    | 950,000       |                                                   | 950                                               |                                    | 236,550 |   | - |   | 237,500 |
| Common shares issued for cash ($0.45 per share) (Note 11)                         |                    | 484,837       |                                                   | 485                                               |                                    | 217,691 |   | - |   | 218,176 |
| Common shares returned to treasury and cancelled (Notes 10 and 11)                |                    | (4,100,000)   |                                                   | (4,100)                                           |                                    | 4,100 |   | - |   | - |
| Intrinsic value of beneficial conversion feature (Note 10)                        |                    | -             |                                                   | -                                                 |                                    | 15,000 |   | - |   | 15,000 |
| Net loss for the year                                                             |                    | -             |                                                   | -                                                 |                                    | - |   | (1,010,522) |   | (1,010,522) |
|  Balance at 30 September 2009                                                |                    | 42,168,837    |                                                   | 42,169                                            |                                    | 1,297,852 |   | (1,379,625) |   | (39,604) |
| Contributions to capital by related parties – expense (Notes 9, 10 and 12)  |                    | -             |                                                   | -                                                 |                                    | 24,000 |   | - |   | 24,000 |
| Shares to be issued                                                               |                    | -             |                                                   | -                                                 |                                    | 7,500 |   | - |   | 7,500 |
| Net loss for the year                                                             |                    | -             |                                                   | -                                                 |                                    | - |   | (85,165) |   | (85,165) |
|  Balance at 30 September 2010                                                |                    | 42,168,837    |                                                   | 42,169                                            |                                    | 1,329,352 |   | (1,464,790) |   | (93,269) |
| Contributions to capital by related parties – expenses (Notes 9, 10 and 12) |                    | -             |                                                   | -                                                 |                                    | 12,000 |   | - |   | 12,000 |
| Net loss for the period                                                           |                    | -             |                                                   | -                                                 |                                    | - |   | (21,360) |   | (21,360) |
|  Balance at 31 March 2011                                                    |                    | 42,168,837    |                                                   | 42,169                                            |                                    | 1,341,352 |   | (1,486,150) |   | (102,629) |

| 1.   | Nature, Basis of Presentation and Continuance of Operations |
|----------------|-------------------------------------------------------------|

| 2.   | Significant Accounting Policies |
|----------------|---------------------------------|

| 3.   | Acquisition |
|----------------|-------------|

| Mineral property interests | 790,321 |
|----------------------------|---------|
| Total assets acquired      | 791,860 |
| Purchase price             | 791,860 |

| 4.   | Mineral Property Costs |
|----------------|------------------------|

|                           |   |  Payments$ |  Shares | Exploration expenditures$ |
|--------------------------------|--------|-----------------|--------------|---------------------------|
|                           |   |            |         |                      |   |   |   |
| Upon execution of agreement    | (paid) |            | 50,000       |                      | 100,000 |   | 100,000 |
| On or before 14 September 2009 |   |            | 100,000      |                      | 150,000 |   | 200,000 |
| On or before 14 September 2010 |   |            | 350,000      |                      | 250,000 |   | 300,000 |
| On or before 14 September 2011 |   |            | 500,000      |                      | 500,000 |   | 400,000 |
|                           |   |            |         |                      |   |   |   |
| Total                          |   |            | 1,000,000    |                      | 1,000,000 |   | 1,000,000 |

| i.   | $120,000 upon the signing of the agreement (paid); |
|----------------|----------------------------------------------------|

| ii.   | $150,000 on or before 30 April 2008 (paid); and |
|-----------------|-------------------------------------------------|

| iii.   | $230,000 on or before 30 May 2008. |
|------------------|------------------------------------|

| 5.   | Accounts Payable and Accrued Liabilities |
|----------------|------------------------------------------|

| 6.   | Convertible Debentures |
|----------------|------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | As at31 March2011 |   | As at30 September 2010 (Audited) |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|----------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $                 |   | $                                |
| Three convertible debentures issued to three unrelated parties bearing interest at a rate of 10% per annum on any unpaid principle balances, unsecured, and having no fixed terms of repayment. The holders of the convertible debentures have the right to convert any portion of the unpaid principle and/or accrued interest into restricted common shares of the Company at any time within thirty-six months from the issue date on the basis of $0.0025 per common share for each dollar of principle and/or interest due and payable. The Company may repay principal amounts due at any time without premium or penalty.  During the six month period ended 31 March 2011, the Company accrued interest expense of $747 (2010 – $749) (Note 12). The balance as at 31 March 2011 consists of principal of $15,000 (30 September 2010 – $15,000) and accrued interest of $2,865 (30 September 2010 – $2,118), respectively. |   | 17,865            |   | 17,118                           |

| 7.   | Demand Loan |
|----------------|-------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | As at31 March2011                                                  |   | As at30 September 2010 (Audited) |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|----------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                                                                  |   | $                                |
| During the year ended 30 September 2010, the Company accepted a demand loan from an unrelated party bearing interest at a rate of 10% per annum on any unpaid principle balances.  The demand loan is unsecured and has no fixed terms of repayment. The Company may repay principal amounts due at any time without premium or penalty. In addition, the Company will issue 250,000 common shares in the Company upon repayment of the loan (Notes 10, 12 and 13).  During the six month period ended 31 March 2011, the Company accrued interest expense of $1,496 (2010 – $1,085) (Note 12). The balance as at 31 March 2011 consists of principal of $30,000 (30 September 2010 – $30,000) and accrued interest of $4,085 (30 September 2010 – $2,589). |   | 34,085                                                             |   | 32,589                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                               |   |                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | As at31 March2011                                                  |   | As at30 September 2010 (Audited) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                                                                  |   | $                                |
| During the year ended 30 September 2010, the Company accepted a demand loan in the amount of $2,500 from a former director and officer of the Company bearing interest at a rate of 10% per annum on any unpaid principal balance.  The demand loan is unsecured and has no fixed terms of repayment. The Company may repay principal amounts due at any time without premium or penalty. During the six month period ended 31 March 2011, the Company accrued interest expense of $125 (2010 – $Nil) (Note 12). The balance as at 31 March 2011 consists of principal of $2,500 (30 September 2010 – $2,500) and accrued interest of $220 (30 September 2010 – $95).                                                                                                 |   | 2,720                                                              |   | 2,595                            |
|  During the six month period ended 31 March 2011, the Company accepted a demand loan from a shareholder bearing interest at a rate of 9% per annum on any unpaid principle balances.  The demand loan is unsecured and has no fixed terms of repayment. The Company may repay principal amounts due at any time without premium or penalty. During the six month period ended 31 March 2011, the Company accrued interest expense of $433 (2010 – $Nil) (Note 12). The balance as at 31 March 2011 consists of principal of $17,183 (30 September 2010 – $Nil) and accrued interest of $433 (30 September 2010 – $Nil).                                                                                                                                          |   | 17,616                                                             |   | -                                |
|  During the six month period ended 31 March 2011, the Company accepted a demand loan from a shareholder bearing interest at a rate of 9% per annum on any unpaid principle balances.  The demand loan is unsecured and has no fixed terms of repayment. The Company may repay principal amounts due at any time without premium or penalty. During the six month period ended 31 March 2011, the Company accrued interest expense of $256 (2010 – $Nil) (Note 12). The balance as at 31 March 2011 consists of principal of $16,000 (30 September 2010 – $Nil) and accrued interest of $256 (30 September 2010 – $Nil).                                                                                                                                          |   |           16,256 |   | -                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 70,677                                                             |   | 35,184                           |

| 8.   | Due to Related Parties |
|----------------|------------------------|

| 9.   | Related Party Transactions |
|----------------|----------------------------|

| 10.   | Capital Stock |
|-----------------|---------------|

| 11.   | Income Taxes |
|-----------------|--------------|

|                                        |   | For the six month period ended 31  March 2011 |   | For the six month period ended 31 March 2010 |
|---------------------------------------------|--------|---------------------------------------------------------|--------|----------------------------------------------|
|                                        |   | $                                                       |   | $                                            |
|                                        |   |                                                    |   |                                         |
| Deferred tax asset attributable to:         |   |                                                    |   |                                         |
| Current operations                          |   | 7,262                                                   |   | 13,353                                       |
| Contributions to capital by related parties |   | (4,080)                                                 |   | (4,080)                                      |
| Less: Change in valuation allowance         |   | (3,182)                                                 |   | (9,273)                                      |
|                                        |   |                                                    |   |                                         |
| Net refundable amount                       |   | -                                                       |   | -                                            |

|                                                                                    |   | As at 31 March      2011 |   | As at 30 September 2010 (Audited) |
|-----------------------------------------------------------------------------------------|--------|--------------------------------------------------------|--------|-----------------------------------|
|                                                                                    |   | $                                                      |   | $                                 |
|                                                                                    |   |                                                   |   |                              |
| Income tax operating loss carryforward                                                  |   | 1,474,150                                              |   | 1,464,790                         |
|                                                                                    |   |                                                   |   |                              |
|          Statutory federal income tax rate |   | 34%                                                    |   | 34%                               |
|          Other reconciling items, net      |   | -21.68%                                                |   | -21.81%                           |
|          Effective income tax rate         |   | 0%                                                     |   | 0%                                |
|                                                                                    |   |                                                   |   |                              |
| Deferred tax assets                                                                     |   | 181,671                                                |   | 178,489                           |
|          Less: Valuation allowance         |   | (181,671)                                              |   | (178,489)                         |
|                                                                                    |   |                                                   |   |                              |
|          Net deferred tax asset            |   | -                                                      |   | -                                 |

| 12.   | Supplemental Disclosures with Respect to Cash Flows |
|-----------------|-----------------------------------------------------|

|                                       | For the period from the date of inception on 5 December 2003 to 31 March 2011 |   | For the six month period ended 31  March 2011 |   | For the six month period ended 31 March 2010 |
|--------------------------------------------|------------------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|----------------------------------------------|
|                                       | $                                                                                  |   | $                                                       |   | $                                            |
|                                       |                                                                               |   |                                                    |   |                                         |
| Cash paid during the year for interest     | -                                                                                  |   | -                                                       |   | -                                            |
| Cash paid during the year for income taxes | -                                                                                  |   | -                                                       |   | -                                            |

| 13.   | Commitment |
|-----------------|------------|

| 14.   | Financial Instruments |
|-----------------|-----------------------|

|                                          |   | As at31 March 2011 |   | As at30 September2010(Audited) |
|-----------------------------------------------|--------|--------------------|--------|--------------------------------|
|                                          |   | $                  |   | $                              |
|                                          |   |               |   |                           |
| Financial Assets                              |   |               |   |                           |
| Held-for-trading, measured at fair value      |   |               |   |                           |
| Cash and cash equivalents                     |   | 921                |   | 1,907                          |
|                                          |   |               |   |                           |
| Financial Liabilities                         |   |               |   |                           |
| Other liabilities, measured at amortized cost |   |               |   |                           |
| Accounts payable and accrued liabilities      |   | 5,638              |   | 20,374                         |
| Convertible debentures                        |   | 17,865             |   | 17,118                         |
| Demand loans                                  |   | 70,677             |   | 35,184                         |
| Due to related parties                        |   | 9,370              |   | 22,500                         |

| 15.   | Subsequent Event |
|-----------------|------------------|

| Item 3. | Quantitative and Qualitative Disclosure About Market Risk |
|---------|-----------------------------------------------------------|

|   | Not applicable. |
|--------|-----------------|

| Item 4. | Controls and Procedures |
|---------|-------------------------|

|   | Item 4T. |
|--------|----------|

|   | Not applicable. |
|--------|-----------------|

| Exhibit Number | Description                                                                                                                                                                                                                                                                             |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3)            | Articles of Incorporation and Bylaws                                                                                                                                                                                                                                                    |
| 3.1            | Articles of Incorporation (incorporated by reference from our Registration Statement on Form SB-2 filed on January 30, 2007).                                                                                                                                                           |
| 3.2            | By-laws (incorporated by reference from our Registration Statement on Form SB-2 filed on January 30, 2007).                                                                                                                                                                             |
| 3.3            | Articles of Merger filed with the Secretary of State of Nevada on February 20, 2008 and which is effective March 4, 2008 (incorporated by reference from our Current Report on Form 8-K filed on March 5, 2008).                                                                        |
| 3.4            | Certificate of Change filed with the Secretary of State of Nevada on February 20, 2008 and which is effective March 4, 2008 (incorporated by reference from our Current Report on Form 8-K filed on March 5, 2008).                                                                     |
| (10)           | Material Contracts                                                                                                                                                                                                                                                                      |
| 10.1           | Purchase Agreement Rose Prospect Lode Claim (incorporated by reference from our Registration Statement on Form SB-2 filed on January 30, 2007).                                                                                                                                         |
| 10.2           | Share Exchange Agreement dated June 13, 2008, among our company, Silverdale Mining Corp. and the selling the shareholders of Silverdale Mining Corp. as set out in the share exchange agreement (incorporated by reference from our Current Report on Form 8-K filed on June 16, 2008). |
| 10.3           | Mineral Property Option Agreement dated September 14, 2007 between Silverdale Mining Corp. and Chuck Stein (incorporated by reference from our Current Report on Form 8-K filed on July 28, 2008).                                                                                      |
| 10.4           | Joint Venture Agreement dated March 31, 2008 between our company and New Jersey Mining Company (incorporated by reference from our Current Report on Form 8-K filed on July 28, 2008).                                                                                                  |
| 10.5           | Consulting Agreement dated April 1, 2008 between our company and Mr. James MacKenzie (incorporated by reference from our Quarterly Report on Form 10-QSB filed on August 14, 2008).                                                                                                     |
| 10.6           | Share Cancellation/Return to Treasury Agreement with Donald James MacKenzie (incorporated by reference from our Current Report on Form 8-K filed on October 17, 2008).                                                                                                                  |
| 10.7           | Share Cancellation/Return to Treasury Agreement with Greg Cowan (incorporated by reference from our Current Report on Form 8-K filed on October 17, 2008).                                                                                                                              |
| (14)           | Code of Ethics                                                                                                                                                                                                                                                                          |
| 14.1           | Code of Ethics and Business Conduct (incorporated by reference from our Annual Report on Form 10-KSB filed on December 29, 2008).                                                                                                                                                       |
| (21)           | Subsidiaries of the Registrant                                                                                                                                                                                                                                                          |
| 21.1           | Silverdale Mining Corp.                                                                                                                                                                                                                                                                 |
| (31)           | Section 302 Certifications                                                                                                                                                                                                                                                              |
| 31.1*          | Section 302 Certification of Principal Executive Officer.                                                                                                                                                                                                                               |
| (32)           | Section 906 Certification                                                                                                                                                                                                                                                               |
| 32.1*          | Section 906 Certification of Principal Executive Officer.                                                                                                                                                                                                                               |

|                                      |   | SILVERSTAR MINING CORP.                                                                     |
|-------------------------------------------|--------|---------------------------------------------------------------------------------------------|
|                                      |   | (Registrant)                                                                                |
| Dated:  May 16,  2011 |   | /s/ Neil Kleinman                                                                           |
|                                      |   | Neil Kleinman                                                                               |
|                                      |   | President, Chief Executive Officer and Director                                             |
|                                      |   | (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |