| Nevada                                                              | 98-04256287                            |
|---------------------------------------------------------------------|----------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (IRS      Employer Identification No.) |
|                                                                |                                   |
| 164-997 Hornby Street, Vancouver, BC, Canada      V6Z 1V3      | V6Z      1V3                           |
| (Address      of principal executive offices)                       | (Zip      Code)                        |

| Large      accelerated filer [   ] |                                               | Accelerated      filer [  ]   |
|-----------------------------------------|----------------------------------------------------|------------------------------------|
| Non-accelerated      filer [  ]    | (Do      not check if a smaller reporting company) | Smaller      reporting company [X] |

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|                                                                     |   | As      at 31 March2010 |   | As      at 30 September 2009(audited) |
|--------------------------------------------------------------------------|--------|-------------------------|--------|---------------------------------------|
|                                                                     |   | $                       |   | $                                     |
| Assets                                                                   |   |                    |   |                                  |
|                                                                     |   |                    |   |                                  |
| Current                                                                  |   |                    |   |                                  |
| Cash      and cash equivalents                                           |   | 111                     |   | 1,013                                 |
|                                                                     |   |                    |   |                                  |
|                                                                     |   | 111                     |   | 1,013                                 |
|                                                                     |   |                    |   |                                  |
| Liabilities                                                              |   |                    |   |                                  |
|                                                                     |   |                    |   |                                  |
| Current                                                                  |   |                    |   |                                  |
| Accounts      payable and accrued liabilities (Note 6)                   |   | 12,039                  |   | 16,501                                |
| Convertible      debentures (Note 7)                                     |   | 16,365                  |   | 15,616                                |
| Shareholder      demand loan (Note 8)                                    |   | 31,085                  |   | -                                     |
| Due      to related parties (Note 9)                                     |   | 7,500                   |   | 8,500                                 |
|                                                                     |   |                    |   |                                  |
|                                                                     |   | 66,989                  |   | 40,617                                |
| Stockholders’      equity                                          |   |                    |   |                                  |
| Capital stock (Note      11)                                             |   |                    |   |                                  |
| Authorized                                                               |   |                    |   |                                  |
| 225,000,000      of common shares, par value $0.001                      |   |                    |   |                                  |
| Issued      and outstanding                                              |   |                    |   |                                  |
| 31      March 2010 – 42,168,837 common shares, par value $0.001    |   |                    |   |                                  |
| 30      September 2009 – 42,168,837 common shares, par value$0.001 |   | 42,169                  |   | 42,169                                |
| Additional      paid-in capital                                          |   | 1,309,852               |   | 1,297,852                             |
| Deficit,      accumulated during the development stage                   |   | (1,418,899)             |   | (1,379,625)                           |
|                                                                     |   |                    |   |                                  |
|                                                                     |   | (66,878)                |   | (39,604)                              |
|                                                                     |   |                    |   |                                  |
|                                                                     |   | 111                     |   | 1,013                                 |

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|                                                                           | For      the period from the date of incorporation      on 5 December 2003 to31      March2010 |        | For      the three month period ended 31 March 2010 |       | For      the three month period ended 31 March 2009 |       | For      the six month period ended 31 March 2010 |       | For      the six month period ended 31 March 2009 |
|--------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-------------|-----------------------------------------------------|------------|-----------------------------------------------------|------------|---------------------------------------------------|------------|---------------------------------------------------|
|                                                                           |                                                                                                | $           |                                                | $          |                                                | $          |                                              | $          |                                              | $ |
|                                                                           |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
| Expenses                                                                       |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
| Bank      charges and interest (Notes 7, 8 and 13)                             |                                                                                                | 20,628      |                                                | 1,247      |                                                | 138        |                                              | 2,950      |                                              | 517 |
| Consulting                                                                     |                                                                                                | 138,467     |                                                | -          |                                                | 3,500      |                                              | -          |                                              | 57,000 |
| Exploration      and development (recovery) (Note 5)                           |                                                                                                | 12,428      |                                                | (600)      |                                                | -          |                                              | (600)      |                                              | 2,459 |
| Filing      fees                                                               |                                                                                                | 17,140      |                                                | 1,250      |                                                | 2,302      |                                              | 1,928      |                                              | 4,861 |
| Investor      relations                                                        |                                                                                                | 84,992      |                                                | -          |                                                | 10,000     |                                              | -          |                                              | 38,100 |
| Legal      and accounting (Note 10)                                            |                                                                                                | 173,455     |                                                | 13,204     |                                                | 11,778     |                                              | 18,950     |                                              | 32,163 |
| Licences      and permits                                                      |                                                                                                | 3,415       |                                                | -          |                                                | -          |                                              | -          |                                              | - |
| Management      fees (Notes 10 and 13)                                         |                                                                                                | 76,000      |                                                | 4,500      |                                                | 13,000     |                                              | 9,000      |                                              | 13,000 |
| Rent      (Notes 10 and 13)                                                    |                                                                                                | 29,700      |                                                | 1,500      |                                                | 1,500      |                                              | 3,000      |                                              | 3,900 |
| Transfer      agent fees                                                       |                                                                                                | 18,329      |                                                | 682        |                                                | 1,687      |                                              | 1,507      |                                              | 3,095 |
| Travel,      entertainment and office                                          |                                                                                                | 26,049      |                                                | 2,865      |                                                | 362        |                                              | 2,539      |                                              | 4,547 |
| Write-down      of mineral property acquisition costs (Note 5)                 |                                                                                                | 811,696     |                                                | -          |                                                | -          |                                              | -          |                                              | - |
| Write-down      of website development costs (Note 4)                          |                                                                                                | 6,600       |                                                | -          |                                                | -          |                                              | -          |                                              | - |
| Recovery      of expenses                                                      |                                                                                                | -           |                                                | -          |                                                | (20,900)   |                                              | -          |                                              | (20,900) |
|                                                                           |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
| Net      loss for the period                                                   |                                                                                                | (1,418,899) |                                                | (24,648)   |                                                | (23,367)   |                                              | (39,274)   |                                              | (138,742) |
|                                                                           |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
|                                                                           |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
| Basic      and diluted loss per common share                                   |                                                                                                | (0.001)     |                                                | (0.001)    |                                                | (0.001)    |                                              | (0.003)    |
|                                                                           |                                                                                                |        |                                                |       |                                                |       |                                              |       |                                              |   |
| Weighted      average number of common shares used in per share    calculation |                                                                                                | 42,168,837  |                                                | 44,939,816 |                                                | 42,168,837 |                                              | 44,864,898 |

----

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|                                                                        |  For      the period from the date of inception on 5 December 2003 to 31 March      2010 |   | For      the three month period ended 31 March2010 |   | For      the three month period ended 31 March2009 |   | For      the six month period ended 31 March2010 |   | For      the six month period ended 31 March2009 |
|-----------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|--------|----------------------------------------------------|--------|----------------------------------------------------|--------|--------------------------------------------------|--------|--------------------------------------------------|
|                                                                        | $                                                                                             |   | $                                                  |   | $                                                  |   | $                                                |   | $                                                |
| Cash      flows used in operating activities                                |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Net      loss for the period                                                | (1,418,899)                                                                                   |   | (24,648)                                           |   | (23,367)                                           |   | (39,274)                                         |   | (138,742)                                        |
| Adjustments      to reconcile loss to net cash used by operating activities |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Accrued      interest (Notes 7 and 8)                                       | 17,450                                                                                        |   | 1,111                                              |   | -                                                  |   | 1,834                                            |   | -                                                |
| Contributions      to capital by related parties (Notes 10 and 13)     | 137,500                                                                                       |   | 6,000                                              |   | 53,500                                             |   | 12,000                                           |   | 53,500                                           |
| Write-down      of mineral property acquisition costs (Note 5)              |  811,696                                                                                 |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Write-down      of website development costs (Note 4)                       |  6,600                                                                                   |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Changes      in operating assets and liabilities                            |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Increase      (decrease) in accounts payable and accrued liabilities        | 12,039                                                                                        |   | 1,860                                              |   | (51,435)                                           |   | (4,462)                                          |   | (37,042)                                         |
| Increase (decrease) in due to      related parties                          | 7,500                                                                                         |   | 6,500                                              |   | -                                                  |   | (1,000)                                          |   | -                                                |
|                                                                        |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
|                                                                        | (426,114)                                                                                     |   | (9,177)                                            |   | (21,302)                                           |   | (30,902)                                         |   | (122,284)                                        |
| Cash      flows from investing activities                                   |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Acquisition      of Silverdale, net of cash received (Note 3)               | (140,221)                                                                                     |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Mineral      property acquisition costs (Note 5)                            | (21,375)                                                                                      |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Website      development costs (Note 4)                                     | (6,600)                                                                                       |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
|                                                                        |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
|                                                                        | (168,196)                                                                                     |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Cash      flows from financing activities                                   |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Convertible      debenture (Note 7)                                         | 15,000                                                                                        |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Shareholder      demand loan (Note 8)                                       | 30,000                                                                                        |   | -                                                  |   | -                                                  |   | 30,000                                           |   | -                                                |
| Share      subscriptions received in advance (Note 11)                      | -                                                                                             |   | -                                                  |   | (218,176)                                          |   | -                                                |   | (422,176)                                        |
| Share      issue costs                                                      | (1,255)                                                                                       |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
| Common      shares issued for cash (Note 11)                                | 550,677                                                                                       |   | -                                                  |   | 218,176                                            |   | -                                                |   | 455,676                                          |
| Common      shares redeemed (Note 11)                                       | (1)                                                                                           |   | -                                                  |   | -                                                  |   | -                                                |   | -                                                |
|                                                                        |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
|                                                                        | 594,421                                                                                       |   | -                                                  |   | -                                                  |   | 30,000                                           |   | 33,500                                           |
| Increase      (decrease) in cash and cash equivalents                       | 111                                                                                           |   | (9,177)                                            |   | (21,302)                                           |   | (902)                                            |   | (88,784)                                         |
| Cash      and cash equivalents, beginning of period                         | -                                                                                             |   | 9,288                                              |   | 22,237                                             |   | 1,013                                            |   | 89,819                                           |
|                                                                        |                                                                                          |   |                                               |   |                                               |   |                                             |   |                                             |
| Cash      and cash equivalents, end of period                               | 111                                                                                           |   | 111                                                |   | 1,035                                              |   | 111                                              |   | 1,035                                            |

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|                                                                                          | Number      of shares issued | Capital      stock | Share      subscription received in advance / 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 11)                                 | 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 11)                              | 30,000,000                   |               | 30,000                                                                      |                                                   | (20,000)                                     |   | - |   | 10,000 |
| Common      shares redeemed – cash ($0.33 per share) (Note 11)                          | (3)                          |               | -                                                                           |                                                   | (1)                                          |   | - |   | (1) |
| Contributions      to capital by   related parties – expenses            | -                            |               | -                                                                           |                                                   | 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                             | -                            |               | -                                                                           |                                                   | 24,000                                       |   | - |   | 24,000 |
| Common      shares issued for cash ($0.0033 per share) (Note 11)                              | 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                             | -                            |               | -                                                                           |                                                   | 12,000                                       |   | - |   | 12,000 |
| Share      subscriptions received in advance (Note 11)                                        | -                            |               | -                                                                           |                                                   | 422,176                                      |   | - |   | 422,176 |
| Share      issue costs                                                                        | -                            |               | -                                                                           |                                                   | (1,255)                                      |   | - |   | (1,255) |
| Common      shares issued for business acquisition ($0.15 per share) (Notes 3, 5 and      11) | 4,334,000                    |               | 4,334                                                                       |                                                   | 645,766                                      |   | - |   | 650,100 |
| Common      shares returned to treasury and cancelled (Notes 11 and13)                        | (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 |

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|                                                                                | Number      of shares issued | Share      capital | Share      subscriptions received in advance / 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 – expense                    |                         | -                  |                                                                         | -                                                      |                                         | 65,500 |   | - |   | 65,500 |
| Share      subscriptions received in advance                                        |                         | -                  |                                                                         | -                                                      |                                         | (422,176) |   | - |   | (422,176) |
| Common      shares issued for cash ($0.25 per share) (Note 11)                      |                         | 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 11 and13)              |                         | (4,100,000)        |                                                                         | (4,100)                                                |                                         | 4,100 |   | - |   | - |
| Intrinsic      value of beneficial conversion feature (Note 11)                     |                         | -                  |                                                                         | -                                                      |                                         | 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 – expenses (Notes 10 and 13) |                         | -                  |                                                                         | -                                                      |                                         | 12,000 |   | - |   | 12,000 |
| Net      loss for the year                                                          |                         | -                  |                                                                         | -                                                      |                                         | - |   | (39,274) |   | (39,274) |
|                                                                                |                         |               |                                                                         |                                                   |                                         |   |   |   |   |   |
| Balance      at 31 March 2010                                                       |                         | 42,168,837         |                                                                         | 42,169                                                 |                                         | 1,309,852 |   | (1,418,899) |   | (66,878) |

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

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

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

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| 4.   | Website Development  Costs |
|----------------|----------------------------|

|                               |   |       |  Accumulated      amortization / Impairment |               | Net      Book Value |
|------------------------------------|--------|------------|--------------------------------------------------|--------------------|---------------------|
|                               |   |  Cost |                                             | 31      March 2010 |                | 30      September 2009 (audited) |
|                               |   | $          |                                             | $                  |                | $ |   | $ |
|                               |   |       |                                             |               |                |   |   |   |
| Website      and development costs |   | 6,600      |                                             | (6,600)            |                | - |   | - |
|                               |   |       |                                             |               |                |   |   |   |
|                               |   | 6,600      |                                             | (6,600)            |                | - |   | - |

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| 5.   | Mineral      Property Costs |
|----------------|-----------------------------|

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

| 6.   | Accounts      Payable and Accrued Liabilities |
|----------------|-----------------------------------------------|

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| 7.   | ConvertibleDebentures |
|----------------|-----------------------|

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Balance      at31      March2010 |   | Balance      at30      September 2009 (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 six months ended 31      March 2010, the Company accrued interest expense of $749 (31 March 2009–      $Nil). The balance as at 31 March 2010 consists of principal of $15,000      (30 September 2009 – $15,000) and accrued interest of $1,365 (30 September      2009 – $616), respectively. The Company recorded a $15,000 interest      expense in relation to amortization of debt discount in the year ended 30      September 2009. |   | 16,365                           |   | 15,616                                          |

| 8.   | Shareholder      Demand Loan |
|----------------|------------------------------|

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Balance      at31      March2010 |   | Balance      at30      September 2009 (audited) |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|-------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $                                |   | $                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                             |   |                                            |
|   | A      demand loan issued to a unrelated party bearing interest at a rate of 10%      per annum on any unpaid principle balances, unsecured and having 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 when the load is repaid (Note      14). During the six months ended 31 March 2010, the Company accrued      interest expense of $1,085 (31 March 2010 – $Nil) (Note 13). The      balance as at 31 March 2010 consists of principal $30,000 (30      September 2009 – $30,000) and accrued interest of $1,085 (30 September      2009 – $Nil), respectively. |   | 31,085                           |   | -                                               |

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| 9.   | Due      to Related Parties |
|----------------|-----------------------------|

| 10.   | Related      Party Transactions |
|-----------------|---------------------------------|

| 11.   | Capital Stock |
|-----------------|---------------|

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| 12.   | Income Taxes |
|-----------------|--------------|

|   |                                             |   | For the six month period      ended 31 March 2010 |   | For      the six month period ended 31      March 2009 |
|--------|--------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------------------------------|
|   |                                             |   | $                                                           |   | $                                                           |
|   |                                             |   |                                                        |   |                                                        |
|   | Deferred      tax asset attributable to:         |   |                                                        |   |                                                        |
|   | Current      operations                          |   | 13,353                                                      |   | 47,172                                                      |
|   | Contributions      to capital by related parties |   | (4,080)                                                     |   | (4,930)                                                     |
|   | Forgiveness      of related party payable        |   | -                                                           |   | (13,260)                                                    |
|   | Less:      Change in valuation allowance         |   | (9,273)                                                     |   | (28,982)                                                    |
|   |                                             |   |                                                        |   |                                                        |
|   | Net      refundable amount                       |   | -                                                           |   | -                                                           |

|   |                                                                                   |   | As      at 31 March 2010 |   | As      at 30 September 2009(audited) |
|--------|----------------------------------------------------------------------------------------|--------|--------------------------|--------|---------------------------------------|
|   |                                                                                   |   | $                        |   | $                                     |
|   |                                                                                   |   |                     |   |                                  |
|   | Income      tax operating loss carryforward                                            |   | 1,418,899                |   | 1,379,625                             |
|   |                                                                                   |   |                     |   |                                  |
|   |         Statutory      federal income tax rate |   | 34%                      |   | 34%                                   |
|   |         Contributed      rent and services     |   | -22.23%                  |   | -22.57%                               |
|   |         Effective      income tax rate         |   | 0%                       |   | 0%                                    |
|   |                                                                                   |   |                     |   |                                  |
|   | Deferred      tax assets                                                               |   | 166,966             |   | 157,693                          |
|   |         Less:      Valuation allowance         |   | (166,966)                |   | (157,693)                             |
|   |                                                                                   |   |                     |   |                                  |
|   |         Net      deferred tax asset            |   | -                        |   | -                                     |

----

----

| 13.   | Supplemental Disclosures with Respect to Cash      Flows |
|-----------------|----------------------------------------------------------|

|   |                                            |   | For      the period from the date      of inception on 5      December 2003      to      31      March 2010 |   | For      the six month period ended 31      March 2010 |   | For      the six month period ended 31      March 2009 |
|--------|-------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------------------------------|
|   |                                            |   | $                                                                                                                |   | $                                                           |   | $                                                           |
|   |                                            |   |                                                                                                             |   |                                                        |   |                                                        |
|   | Cash      paid during the year for interest     |   | -                                                                                                                |   | -                                                           |   | -                                                           |
|   | Cash      paid during the year for income taxes |   | -                                                                                                                |   | -                                                           |   | -                                                           |

| 14.   | Commitment |
|-----------------|------------|

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

----

----

----

|                                  |   | Three MonthPeriod EndedMarch 31,      2010 |   | Three MonthPeriod Ended March 31,      2009 |   | Change BetweenThree Month PeriodsEndedMarch 31, 2010 andMarch 31,      2009 |
|---------------------------------------|--------|--------------------------------------------|--------|--------------------------------------------------|--------|-----------------------------------------------------------------------------|
| Revenue                               | $      | 0                                          | $      | 0                                                | $      | 0                                                                           |
| Bank      charges and interest        | $      | 1,247                                      | $      | 138                                              | $      | 1,109                                                                       |
| Consulting                            | $      | 0                                          | $      | 3,500                                            | $      | (3,500)                                                                     |
| Exploration      and development      | $      | (600)                                      | $      | 0                                                | $      | (600)                                                                       |
| Filing      fees                      | $      | 1,250                                      | $      | 2,302                                            | $      | (1,052)                                                                     |
| Investor      relations               | $      | 0                                          | $      | 10,000                                           | $      | (10,000)                                                                    |
| Legal      and accounting             | $      | 13,204                                     | $      | 11,778                                           | $      | 1,426                                                                       |
| Management      fees                  | $      | 4,500                                      | $      | 13,000                                           | $      | (8,500)                                                                     |
| Rent                                  | $      | 1,500                                      | $      | 1,500                                            | $      | 0                                                                           |
| Transfer      agent                   | $      | 682                                        | $      | 1,687                                            | $      | (1,005)                                                                     |
| Travel,      entertainment and office | $      | 2,865                                      | $      | 362                                              | $      | (2,503)                                                                     |
| Recovery      of expenses             | $      | 0                                     | $      | (20,900)                                    | $      | 20,900                                                                      |
| Net      loss                         | $      | (24,648)                                   | $      | (23,367)                                         | $      | (1,281)                                                                     |
| Basic      and diluted loss per share | $      | (0.001)                                    | $      | (0.001)                                          | $      | (0.000)                                                                     |

----

|                                  |    | Six MonthPeriod EndedMarch 31,      2010 |   | Six MonthPeriod Ended March 31,      2009 |   | Change BetweenSixMonth PeriodsEndedMarch 31, 2010 andMarch 31,      2009 |
|---------------------------------------|---------|-----------------------------------------------|--------|-----------------------------------------------------|--------|--------------------------------------------------------------------------|
| Revenue                               | $       | 0                                             | $      | 0                                                   | $      | 0                                                                        |
| Bank      charges and interest        | $       | 2,950                                         | $      | 517                                                 | $      | 2,433                                                                    |
| Consulting                            | $       | 0                                             | $      | 57,000                                              | $      | (57,000)                                                                 |
| Exploration      and development      | $       | (600)                                         | $      | 2,459                                               | $      | (3,059)                                                                  |
| Filing      fees                      | $       | 1,928                                         | $      | 4,861                                               | $      | (2,933)                                                                  |
| Investor      relations               | $       | 0                                             | $      | 38,100                                              | $      | (38,100)                                                                 |
| Legal      and accounting             | $       | 18,950                                        | $      | 32,163                                              | $      | (13,213)                                                                 |
| Management      fees                  | $       | 9,000                                         | $      | 13,000                                              | $      | (4,000)                                                                  |
| Rent                                  | $       | 3,000                                         | $      | 3,900                                               | $      | (900)                                                                    |
| Transfer      agent                   | $       | 1,507                                         | $      | 3,095                                               | $      | (1,588)                                                                  |
| Travel,      entertainment and office | $       | 2,539                                         | $      | 4,547                                               | $      | (2,008)                                                                  |
| Recovery      of expenses             |  $ | 0                                             | $      | (20,900)                                            | $      |  0                                                                  |
| Net      loss                         | $       | (39,274)                                      | $      | (138,742)                                           | $      | (99,468)                                                                 |
| Basic      and diluted loss per share | $       | (0.001)                                       | $      | (0.003)                                             | $      | 0.002                                                                    |

|                           | As at March 31,      2010 ($) | Year EndedSeptember 30, 2009($) | Change betweenMarch 31, 2010and September 30, 2009($) |
|--------------------------------|------------------------------------|---------------------------------|-------------------------------------------------------|
| Current      Assets            | 111                                | 1,013                           | (902)                                                 |
| Current      Liabilities       | 66,989                             | 40,617                          | 26,372                                                |
| Working      Capital/(Deficit) | (66,878)                           | (39,604)                        | (8,626)                                               |

|                                                                |                     |                | Changes      between     |
|---------------------------------------------------------------------|--------------------------|---------------------|--------------------------|
|                                                                |                     |                | Three    Month           |
|                                                                |                     |                | Periods      Ended       |
|                                                                | Three Month         | Three    Month      | March 31,      2010 |
|                                                                | Period    Ended          | Period    Ended     | and March      31,       |
|                                                                | March 31,      2010 | March 31,      2009 | 2009                     |
|                                                                | ($)                      | ($)                 | ($)                      |
|                                                                |                     |                |                     |
| Cash      Flows used in Operating Activities                        | (9,177)                  | (21,302)            | 12,125                   |
| Cash      Flows provided by/(used in) Investing Activities          | 0                        | 0                   | 0                        |
| Cash      Flows provided by Financing Activities                    | 0                        | 0                   | 0                        |
| Increase      (decrease) in Cash and Cash Equivalents During Period | (9,177)                  | (21,302)            | 12,125                   |
| Cash      and cash equivalents, end of period                  | 111                      | 1,035               | (924)                    |

----

----

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| Exhibit      Number | Description                                                                                                                                                                                                                                                                                                 |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                |                                                                                                                                                                                                                                                                                                        |
| 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).                                                                          |
|                |                                                                                                                                                                                                                                                                                                        |
| 10.1                | 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 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      Certification                                                                                                                                                        |
|   |                                                                                                                                                                                  |
| (32) * | Section 906      Certification                                                                                                                                                        |

----

|                     | SILVERSTAR MINING      CORP.                           |
|--------------------------|--------------------------------------------------------|
|                     | (Registrant)                                           |
|                     |                                                   |
| Dated:      May 15, 2010 |                                                   |
|                     | Lawrence      Siccia                                   |
|                     | President,      Chief Executive Officer and Director   |
|                     | (Principal      Executive Officer, Principal Financial |
|                     | Officer      and Principal Accounting Officer)         |

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