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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 AUGUST 31, 2010 |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| 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 Cash Flows (Unaudited)                                                        | F-3    |
|                                 | Notes to Financial Statements (Unaudited)                                                   | F-4    |
|                                 |                                                                                        |   |
| Item 2.                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 7      |
|                                 |                                                                                        |   |
| Item 3.                              | Quantitative and Qualitative Disclosures About Market Risk                                  | 8      |
|                                 |                                                                                        |   |
| Item 4.                              | Controls and Procedures                                                                     | 8      |
|                                 |                                                                                        |   |
|                                 |                                                                                        |   |
| PART II – Other Information    |                                                                                        |
|                                 |                                                                                        |   |
| Item 1A.                             | Risk Factors                                                                                | 9      |
|                                 |                                                                                        |   |
| Item 6.                              | Exhibits                                                                                    | 9      |
|                                 |                                                                                        |   |
|                                 | Signatures                                                                                  | 10     |
|                                 |                                                                                        |   |
|                                 | Exhibit Index                                                                               | 11     |

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| FLM MINERALS INC.                          |
|--------------------------------------------|
| (An Exploration Stage Company)             |
| Balance Sheets                             |
| (Expressed in US Dollars)                  |
| (Unaudited)                                |
|                                       |
|                                       |
|                                       |   | August 31, |   | November 30, |
|                                       |   | 2010 |   | 2009 |
|                                       |   |   |   |   |
| Assets                                     |   |   |   |   |
| Current Assets                             |   |   |   |   |
|                                       | Cash | $ | 61,487 | $ | 81,795 |
|                                       |   |   |   |   |   |
| Total Assets                               | $ | 61,487 | $ | 81,795 |
| Liabilities and Stockholders' Equity       |   |   |   |   |
| Current Liabilities                        |   |   |   |   |
|                                       | Accounts payable and accrued liabilities | $ | 1,800 | $ | 7,100 |
|                                       |   |   |   |   |
| Total Liabilities                          |   | 1,800 |   | 7,100 |
|                                       |   |   |   |   |
| 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 shares issued and outstanding, respectively |   | 69 |   | 69 |
|                                       | Additional paid in capital |   | 271,881 |   | 271,881 |
|                                       | Deficit accumulated during the exploration stage |   | (212,263) |   | (197,255) |
| Total Stockholders' Equity                 |   | 59,687 |   | 74,695 |
| Total Liabilities and Stockholders' Equity | $ | 61,487 | $ | 81,795 |

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| FLM MINERALS INC.              |
|--------------------------------|
| (An Exploration Stage Company) |
| Statements of Operations       |
| (Expressed in US Dollars)      |
| (Unaudited)                    |
|                           |
|                           |
|                           |   |   |   |   |   |   |   |   |   | Period From |
|                           |   | Three Month |   | Three Month |   | Nine Month |   | Nine Month |   | August 31, 2006 |
|                           |   | Ended |   | Ended |   | Ended |   | Ended |   | (Date of Inception) |
|                           |   | August 31, |   | August 31, |   | August 31, |   | August 31, |   | to August 31, |
|                           |   | 2010 |   | 2009 |   | 2010 |   | 2009 |   | 2010 |
|                           |   |   |   |   |   |   |   |   |   |   |
| Expenses                       |   |   |   |   |   |   |   |   |   |   |
|                           | General and administrative | $ | 571 | $ | 717 | $ | 1,099 | $ | 2,007 | $ | 87,416 |
|                           | Mineral property costs |   | - |   |   |   | - |   | - |   | 25,227 |
|                           | Professional fees |   | 6,799 |   | 3,692 |   | 13,909 |   | 11,417 |   | 99,620 |
|                           |   |   |   |   |   |   |   |   |   |   |   |
| Total expenses                 |   | 7,370 |   | 4,409 |   | 15,008 |   | 13,424 |   | 212,263 |
| Net loss for the period        | $ | (7,370) | $ | (4,409) | $ | (15,008) | $ | (13,424) | $ | (212,263) |
|                           |   |   |   |   |   |   |   |   |   |   |
| Net loss per share             |   |   |   |   |   |   |   |   |   |   |
|                           | Basic and diluted | $ | (0.00) | $ | (0.00) | $ | (0.00) | $ | (0.00) |   |   |
|                           |   |   |   |   |   |   |   |   |   |   |   |
|                           | Weighted average number of |   |   |   |   |   |   |   |   |   |   |
|                           |   | shares outstanding - basic and diluted |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |   |   |

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| FLM MINERALS INC.                          |
|--------------------------------------------|
| (An Exploration Stage Company)             |
| Statements of Cash Flows                   |
| (Expressed in US Dollars)                  |
| (Unaudited)                                |
|                                       |
|                                       |
|                                       |   |   |   |   |   | Period From |
|                                       |   | Nine Month |   | Nine Month |   | August 31, 2006 |
|                                       |   | Ended |   | Ended |   | (Date of Inception) |
|                                       |   | August 31, |   | May 31, |   | to August 31, |
|                                       |   | 2010 |   | 2009 |   | 2010 |
|                                       |   |   |   |   |   |   |
|                                       | Cash flows used in operating activities |   |   |   |   |   |   |
|                                       |   | Net loss for the period | $ | (15,008) | $ | (13,424) | $ | (212,263) |
|                                       |   | Changes in operating assets and liabilities |   |   |   |   |   |   |
|                                       |   |   | Increase (decrease) in accounts payable and accrued liabilities |   | (5,300) |   | (4,400) |   | 1,800 |
|                                       |   |   |   |   |   |   |
|                                       | Net cash used in operating activities |   | (20,308) |   | (17,824) |   | (210,463) |
|                                       |   |   |   |   |   |   |
|                                       | Cash flows from financing activities |   |   |   |   |   |   |
|                                       |   | Capital stock issued |   | - |   |   |   | 271,950 |
|                                       | Net cash from financing activities |   | - |   |   |   | 271,950 |
|                                       | Cash flows used in investing activities |   |   |   |   |   |   |
|                                       |   | Due from related party |   | - |   |   |   | - |
|                                       | Net cash from investing activities |   | - |   |   |   | - |
|                                       |   |   |   |   |   |   |
| Cash increase (decrease) during the period |   | (20,308) |   | (17,824) |   | 61,487 |
|                                       |   |   |   |   |   |   |
| Cash beginning of the period               |   | 81,795 |   | 103,799 |   | - |
|                                       |   |   |   |   |   |   |
| Cash end of the period                     | $ | 61,487 |   | 85,975 | $ | 61,487 |
|                                       |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |
| Supplemental of cash flow information:     |   |   |   |   |   |   |
|                                       | Interest paid | $ | - | $ | - | $ | - |
|                                       | Income taxes paid | $ | - | $ | - | $ | - |

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| F-4 |
|-----|

| -6- |
|-----|

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

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| -8- |
|-----|

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

| Exhibit Number | Document Description                                                                                                                    |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                    |
| 31.1           | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|           |                                                                                                                                    |
| 32.1           | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer and Chief Financial Officer.    |

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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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| Exhibit Number | Document Description                                                                                                                    |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                    |
| 31.1           | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|           |                                                                                                                                    |
| 32.1           | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer and Chief Financial Officer.    |

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