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| [X]                  | QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MAY 31, 2011 |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------|
| OR                   |
| [   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                         |

|   | Large Accelerated Filer                     | [   ] |   | Accelerated Filer         | [   ] |
|--------|---------------------------------------------|----------------------|--------|---------------------------|----------------------|
|   | Non-accelerated Filer                       | [   ] |   | Smaller Reporting Company | [X]                  |
|   | (Do not check if smaller reporting company) |                 |   |                      |

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|                                 |                                                                                         | Page   |
|--------------------------------------|----------------------------------------------------------------------------------------------|--------|
|                                 |                                                                                         |   |
| PART I – Financial Information |                                                                                         |
|                                 |                                                                                         |   |
| Item 1.                              | Financial Information.                                                                       | 3      |
|                                 |                                                                                         |   |
|                                 | Balance Sheets (Unaudited)                                                                   | F-1    |
|                                 | Statements of Operations (Unaudited)                                                         | F-2    |
|                                 | Statements of Changes in Stockholders' Equity (Unaudited)                               | F-3    |
|                                 | Statements of Cash Flows (Unaudited)                                                         | F-4    |
|                                 | Notes to Financial Statements (Unaudited)                                                    | F-5    |
|                                 |                                                                                         |   |
| Item 2.                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 8      |
|                                 |                                                                                         |   |
| Item 3.                              | Quantitative and Qualitative Disclosures About Market Risk.                                  | 9      |
|                                 |                                                                                         |   |
| Item 4.                              | Controls and Procedures.                                                                     | 9      |
|                                 |                                                                                         |   |
|                                 |                                                                                         |   |
| PART II – Other Information    |                                                                                         |
|                                 |                                                                                         |   |
| Item 1A.                             | Risk Factors.                                                                                | 10     |
|                                 |                                                                                         |   |
| Item 6.                              | Exhibits.                                                                                    | 10     |
|                                 |                                                                                         |   |
| Signatures                           | 11                                                                                           |
|                                 |                                                                                         |
| Exhibit Index                        | 12                                                                                           |

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| FLM MINERALS INC.                          |
|--------------------------------------------|
| (An Exploration Stage Company)             |
| Balance Sheets                             |
| (Expressed in US Dollars)                  |
|                                       |
|                                       |
|                                       |
|                                       |   | May 31, |   | November 30, |
|                                       |   | 2011 |   | 2010 |
|                                       |   | (Unaudited) |   |   |
|                                       |   |   |   |   |
| Assets                                     |   |   |   |   |
|                                       |   |   |   |   |
| Current Assets                             |   |   |   |   |
|                                       | Cash | $ | 43,916 | $ | 56,941 |
|                                       |   |   |   |   |   |
| Total Assets                               | $ | 43,916 | $ | 56,941 |
|                                       |   |   |   |   |
| Liabilities and Stockholders' Equity       |   |   |   |   |
|                                       |   |   |   |   |
| Current Liabilities                        |   |   |   |   |
|                                       | Accounts payable and accrued liabilities | $ | 3,834 | $ | 7,000 |
|                                       |   |   |   |   |   |
| Total Liabilities                          |   | 3,834 |   | 7,000 |
|                                       |   |   |   |   |
| Stockholders' Equity                       |   |   |   |   |
|                                       | Preferred Stock, 100,000,000 shares authorized, $0.00001 par value |   |   |   |   |
|                                       | None issued |   | - |   | - |
|                                       | Common Stock, 100,000,000 shares authorized, $0.00001 par value |   |   |   |   |
|                                       | 6,906,300 and 6,906,300 shares issued and outstanding, respectively |   | 69 |   | 69 |
|                                       | Additional paid in capital |   | 271,881 |   | 271,881 |
|                                       | Deficit accumulated during the exploration stage |   | (231,868) |   | (222,009) |
|                                       |   |   |   |   |
| Total Stockholders' Equity                 |   | 40,082 |   | 49,941 |
|                                       |   |   |   |   |
| Total Liabilities and Stockholders' Equity | $ | 43,916 | $ | 56,941 |

----

| FLM MINERALS INC.              |
|--------------------------------|
| (An Exploration Stage Company) |
| Statements of Operations       |
| (Expressed in US Dollars)      |
| (Unaudited)                    |
|                           |
|                           |   |   |   |   |   |   |   |   |   |   |
|                           |   |   |   |   |   |   |   |   |   | Period From |
|                           |   | Three Months |   | Three Months |   | Six Months |   | Six Months |   | August 31, 2006 |
|                           |   | Ended |   | Ended |   | Ended |   | Ended |   | (Date of Inception) |
|                           |   | May 31, |   | May 31, |   | May 31, |   | May 31, |   | to May 31, |
|                           |   | 2011 |   | 2010 |   | 2011 |   | 2010 |   | 2011 |
|                           |   |   |   |   |   |   |   |   |   |   |
| Expenses                       |   |   |   |   |   |   |   |   |   |   |
|                           | General and administrative | $ | 483 | $ | 318 | $ | 919 | $ | 527 | $ | 89,298 |
|                           | Mineral property costs |   | - |   | - |   | - |   | - |   | 25,227 |
|                           | Professional fees |   | 3,670 |   | 5,010 |   | 8,940 |   | 7,110 |   | 117,343 |
|                           |   |   |   |   |   |   |   |   |   |   |   |
| Total expenses                 |   | 4,153 |   | 5,328 |   | 9,859 |   | 7,637 |   | 231,868 |
|                           |   |   |   |   |   |   |   |   |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period        | $ | (4,153) | $ | (5,328) | $ | (9,859) | $ | (7,637) | $ | (231,868) |
|                           |   |   |   |   |   |   |   |   |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |
| Net loss per share             |   |   |   |   |   |   |   |   |   |   |
|                           | Basic and diluted | $ | (0.00) | $ | (0.00) | $ | (0.00) | $ | (0.00) | $ | (0.03) |
|                           |   |   |   |   |   |   |   |   |   |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |   |
|                           | Weighted average number of shares |   |   |   |   |   |   |   |   |   |   |
|                           |   | outstanding - basic and diluted |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |

----

| FLM Minerals Inc.                                            |
|--------------------------------------------------------------|
| (An Exploration Stage Company)                               |
| Statements of Changes in Stockholders’ Equity          |
| From period August 31, 2006 (inception) through May 31, 2011 |
|                                                         |
|                                                         |
|                                                         |   |   | Additional |   |   |   |   |   |   |
|                                                         | Common Stock |   | Paid in |   | Subscriptions |   | Accumulated |   |   |
|                                                         | Shares |   | Amount |   | Capital |   | Receivable |   | Deficit |   | Total |
| Balance at August 31, 2006                              |   |   |   |   |   |   |   |   |   |   |   |
|     (inception)                               | - | $ | - | $ | - | $ | - | $ | - | $ | - |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Capital stock issued for cash                           |   |   |   |   |   |   |   |   |   |   |   |
|     at $0.00001 per share                     | 6,000,000 |   | 60 |   | - |   | - |   | - |   | 60 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Capital stock issued for cash                           |   |   |   |   |   |   |   |   |   |   |   |
|     at $0.30 per share                        | 906,300 |   | 9 |   | 271,881 |   | (42,600) |   | - |   | 229,290 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for period                                     | - |   | - |   | - |   | - |   | (18,200) |   | (18,200) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2006                            | 6,906,300 |   | 69 |   | 271,881 |   | (42,600) |   | (18,200) |   | 211,150 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Share subscriptions received                            | - |   | - |   | - |   | 42,600 |   | - |   | 42,600 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for year                                       | - |   | - |   | - |   | - |   | (78,370) |   | (78,370) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2007                            | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (96,570) |   | 175,380 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for year                                       | - |   | - |   | - |   | - |   | (77,781) |   | (77,781) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2008                            | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (174,351) |   | 97,599 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for year ended November 30, 2009                    | - |   | - |   | - |   | - |   | (22,904) |   | (22,904) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2009                            | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (197,255) |   | 74,695 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for year ended November 30, 2010                    | - |   | - |   | - |   | - |   | (24,754) |   | (24,754) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2010                                 | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (222,009) |   | 49,941 |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Unaudited:                                                   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the period ended May 31, 2011                   | - |   | - |   | - |   | - |   | (9,859) |   | (9,859.00) |
|                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at May 31, 2011                                      | 6,906,300 | $ | 69 | $ | 271,881 | $ | - | $ | (231,868) | $ | 40,082 |

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| FLM MINERALS INC.                          |
|--------------------------------------------|
| (An Exploration Stage Company)             |
| Statements of Cash Flows                   |
| (Expressed in US Dollars)                  |
| (Unaudited)                                |
|                                       |
|                                       |   |   |   |   |   | Period |
|                                       |   |   |   |   |   | From |
|                                       |   | Six Months |   | Six Months |   | August 31 ,2006 |
|                                       |   | Ended |   | Ended |   | (Date of Inception) |
|                                       |   | May 31, |   | May 31, |   | to May 31, |
|                                       |   | 2011 |   | 2010 |   | 2011 |
|                                       |   |   |   |   |   |   |
|                                       | Cash flows used in operating activities |   |   |   |   |   |   |
|                                       |   | Net loss for the period | $ | (9,859) | $ | (7,637) | $ | (231,868) |
|                                       |   | Changes in operating assets and liabilities |   |   |   |   |   |   |
|                                       |   |   | Increase (decrease) in accounts payable andaccrued liabilities |   | (3,166) |   | (3,400) |   | 3,834 |
|                                       |   |   |   |   |   |   |   |   |   |
|                                       | Net cash used in operating activities |   | (13,025) |   | (11,037) |   | (228,034) |
|                                       |   |   |   |   |   |   |   |
|                                       | Cash flows from financing activities |   |   |   |   |   |   |
|                                       |   | Proceeds from sale of common stock |   | - |   | - |   | 271,950 |
|                                       | Net cash from financing activities |   | - |   | - |   | 271,950 |
|                                       |   |   |   |   |   |   |   |
| Cash increase (decrease) during the period |   | (13,025) |   | (11,037) |   | 43,916 |
|                                       |   |   |   |   |   |   |
| Cash beginning of the period               |   | 56,941 |   | 81,795 |   | - |
|                                       |   |   |   |   |   |   |
| Cash end of the period                     | $ | 43,916 | $ | 70,758 | $ | 43,916 |
|                                       |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |
| Supplemental cash flow information:        |   |   |   |   |   |   |
|                                       |   | Interest paid | $ | - | $ | - | $ | - |
|                                       |   | Income taxes paid | $ | - | $ | - | $ | - |

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| ITEM 2. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. |
|---------|----------------------------------------------------------------------------------------|

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| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. |
|---------|-------------------------------------------------------------|

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|    |                                                                                                                            | Incorporated by reference |     |
|---------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit | Document Description                                                                                                            | Form                      | Date     | Number | Filed herewith |
| 3.1     | Articles of Incorporation.                                                                                                      | SB-2                      | 07-12-07 | 3.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 3.2     | Bylaws.                                                                                                                         | SB-2                      | 07-12-07 | 3.2 |   |
|    |                                                                                                                            |                      |     |   |   |
| 4.1     | Specimen Stock Certificate.                                                                                                     | SB-2                      | 07-12-07 | 4.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 10.1    | Option Agreement                                                                                                                | SB-2                      | 07-12-07 | 10.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 14.1    | Code of Ethics.                                                                                                                 | 10-K                      | 02/28/08 | 14.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 31.1    | Certification of Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |                      |     |   | X |
|    |                                                                                                                            |                      |     |   |   |
| 32.1    | Certification of Chief Executive and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.         |                      |     |   | X |
|    |                                                                                                                            |                      |     |   |   |
| 99.1    | Audit Committee Charter.                                                                                                        | 10-K                      | 02/28/08 | 99.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 99.2    | Disclosure Committee Charter.                                                                                                   | 10-K                      | 02/28/08 | 99.2 |   |

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|   | FLM MINERALS INC. |
|--------|-------------------|
|   |              |   |
|   | BY:               | XIN CHEN |
|   |              | Xin Chen |
|   |              | President, Principal Executive Officer, Principal Accounting Officer, Principal Financial Officer, Secretary, Treasurer and a member of the Board of Directors |

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|    |                                                                                                                            | Incorporated by reference |     |
|---------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit | Document Description                                                                                                            | Form                      | Date     | Number | Filed herewith |
| 3.1     | Articles of Incorporation.                                                                                                      | SB-2                      | 07-12-07 | 3.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 3.2     | Bylaws.                                                                                                                         | SB-2                      | 07-12-07 | 3.2 |   |
|    |                                                                                                                            |                      |     |   |   |
| 4.1     | Specimen Stock Certificate.                                                                                                     | SB-2                      | 07-12-07 | 4.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 10.1    | Option Agreement                                                                                                                | SB-2                      | 07-12-07 | 10.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 14.1    | Code of Ethics.                                                                                                                 | 10-K                      | 02/28/08 | 14.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 31.1    | Certification of Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |                      |     |   | X |
|    |                                                                                                                            |                      |     |   |   |
| 32.1    | Certification of Chief Executive and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.         |                      |     |   | X |
|    |                                                                                                                            |                      |     |   |   |
| 99.1    | Audit Committee Charter.                                                                                                        | 10-K                      | 02/28/08 | 99.1 |   |
|    |                                                                                                                            |                      |     |   |   |
| 99.2    | Disclosure Committee Charter.                                                                                                   | 10-K                      | 02/28/08 | 99.2 |   |

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