UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





(X
      )
            QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES EXCHANGE ACT OF
      1934





For the
      quarter period ended December 31,
2008





(  )
            TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE
  ACT





For the
      transition period
      form                                                      
      toCommission File
      number    333-145879





SONA RESOURCES,
      INC.


(Exact name
of registrant as specified in its charter)





Nevada
            68-067667              .(State
      or other jurisdiction of incorporation or organization)
            (IRS Employer Identification
      No.)





2/41 Timurty Om Housing Society, Sion,
      Chunnabhatti, Mumbai, India, 400022(Address
      of principal executive offices)





91 9820600 700(Issuer’s
      telephone number)





N/A(Former
      name, former address and former fiscal year, if changed since last
      report)





Check whether the issuer (1) filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.  Yes [X] No□





APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDINGS
DURING THE PROCEDING FIVE YEARS





Check whether the registrant filed all
documents and reports required to be filed by Section 12, 13 or 15(d) of the
Exchange Act after the distribution of securities under a plan confirmed by a
court.  Yes□No □





Indicate
by check-mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act) Yes [X]
No [  ]





APPLICABLE
ONLY TO CORPORATE ISSUERS





State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date:





January
31, 2009:  2,605,500 common shares





Transitional
Small Business Disclosure format (Check one):   Yes
[   ]  No [X]














-1-











INDEX





Page
              NumberPART
      1.
            FINANCIAL
      INFORMATIONITEM 1.
            Financial
      Statements (unaudited)
            3Balance
      Sheet as at December 31, 2008 and September 30, 2008
            4Statement
      of Operations
              For
      the three months ended December 31, 2008 and 2007 and for the period
      January 18, 2007 (Date of Inception) to December 31, 2008
            5Statement
      of Cash Flows
              For
      the three months ended December 31, 2008 and 2007 and for the period
      January 18, 2007 (Date of  Inception) to December 31,
      2008
            6Notes
      to the Financial Statements.
            7ITEM 2.
            Management’s
      Discussion and Analysis or Plan of Operations
            11ITEM 3.
            Controls
      and Procedures
            25PART
      11.
            OTHER
      INFORMATION
            25ITEM 1.
            Legal
      Proceedings
            25ITEM 2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds
            25ITEM 3.
            Defaults
      Upon Senior Securities
            26ITEM 4.
            Submission
      of Matters to a Vote of Security Holders
            26ITEM 5.
            Other
      Information
            26ITEM 6.
            Exhibits
      and Reports on Form 8-K
            26SIGNATURES.
            27











-2-














PART
1 – FINANCIAL INFORMATION




ITEM
1.   FINANCIAL STATEMENTS




The
accompanying balance sheets of Sona Resources, Inc. (a pre-exploration stage
company) at December 31, 2008 (with comparative figures as at September 30,
2008) and the statement of operations for the three months ended December 31,
2008 and 2007 and for the period from January 18, 2007 (date of incorporation)
to December 31, 2008 and the statement of cash flows for the three months ended
December 31, 2008 and 2007 and for the period from January 18, 2007 (date of
incorporation) to December 31, 2008 have been prepared by the Company’s
management in conformity with accounting principles generally accepted in the
United States of America.  In the opinion of management, all
adjustments considered necessary for a fair presentation of the results of
operations and financial position have been included and all such adjustments
are of a normal recurring nature.





Operating
results for the quarter ended December 31, 2008 are not necessarily indicative
of the results that can be expected for the year ending September 30,
2009.











-3-










SONA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


BALANCE
SHEETS





(Unaudited
– Prepared by Management)





December
      31,2008
            September
      30,2008ASSETSCURRENT
      ASSETSCash
            $    1,305
            $    2,399Total Current
    Assets
            $    1,305
            $      2,399LIABILITIES
      AND STOCKHOLDERS’ DEFICIENCYCURRENT
      LIABILITIESAccounts payable
            $     11,507
            $     11,459Accounts payable – related
      parties
            11,338
            8,766Total Current
      Liabilities
            22,845
            20,225STOCKHOLDERS’
      DEFICIENCYCommon
      stock250,000,000 shares authorized, at
      $0.001 par value;2,605,500 shares issued and
      outstanding
            2,606
            2,606Capital in excess of par
      value
            51,770
            47,870Deficit accumulated during the
      pre-exploration stage
            (75,916)
            (68,302)Total Stockholders’
      Deficiency
            (21,540)
            (17,826)$   1,305
            $     2,399











The
accompanying notes are an integral part of these unaudited financial
statements.








-4-

















SONA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


STATEMENT
OF OPERATIONS


For three
months ended December 31, 2008 and 2007 and for the period from January 18, 2007
(date of inception) to December 31, 2008





(Unaudited
– Prepared by Management)





Three
      monthsended
              December
      31,2008
            Three
      monthsended
              December
      31,2007
            From
      January 18, 2007 (dated of inception) to December 31,2008REVENUES
            $
      -
            $   -
            $   -EXPENSESAccounting and
      auditing
            1,550
            1,550
            14,258Bank charges and
      interest
            21
            31
            283Consulting
            -
            5,000
            17,500Edgarizing
            997
            -
            3,359Exploration and
      staking
            -
            5,000
            10,000Filing fees
            -
            30
            30Incorporation
    costs
            -
            -
            720Legal
            
            2,500
            5,276Management fees
            3,000
            3,000
            17,000Office
            73
            199
            963Rent
            600
            600
            3,400Telephone
            300
            300
            1,700Transfer agent’s
    fees
            1,073
            -
            1,427NET
      LOSS FROMOPERATIONS
            $  (7,614)
            $   (18,210)
            $  (75,916)NET
      LOSS PER COMMONSHAREBasic
      and diluted
            $  (0.00)
            $   (0.01)AVERAGE
      OUTSTANDINGSHARESBasic
            2,605,500
            2,605,500





The
accompanying notes are an integral part of these unaudited financial
statements.











-5-






SONA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


STATEMENT
OF CASH FLOWS





For the
three months ended December 31, 2008 and 2007 and for the period from January
18, 2007 (date of inception) to December 31, 2008





(Unaudited
– Prepared by Management)





Three
      monthsended
              December
      31,2008
            Three
      monthsended
              December
      31,2007
            From
      January 18,2007
              (date
      of inception) to
              December 31, 2008CASH
      FLOWS FROM OPERATINGACTIVITIES:Net
      loss
            $    (7,614)
            $   (18,210)
            $     (75,916)Adjustments
      to reconcile net loss to net cash
              provided
      by operating activities:Changes
      in accounts payable
            48
            (950)
            11,507Capital
      contributions – expenses
            3,900
            3,900
            22,100Net
      Cash  Provided (Used) in Operations
            (3,666)
            (15,260)
            (42,309)CASH
      FLOWS FROM INVESTINGACTIVITIES:
            -
            -
            -CASH
      FLOWS FROM FINANCINGACTIVITIESProceeds from loan from related
      party
            2,572
            199
            11,338Proceeds from issuance of common
      stock
            -
            -
            32,2762,572
            199
            43,614Net
      (Decrease) Increase in Cash
            (1,094)
            (15,061)
            1,305Cash
      at Beginning of Period
            2,399
            25,404
            -CASH
      AT END OF PERIOD
            $  1,305
            $  10,343
            $      1,305














The
accompanying notes are an integral part of these unaudited financial
statements











-6-

















SONA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


December
31, 2008





(Unaudited
– Prepared by Management)





1.           ORGANIZATION





The
Company, Sona Resources, Inc., was incorporated under the laws of the State of
Nevada on January 18, 2007 with the authorized capital stock of 250,000,000
shares at $0.001 par value.





The
Company was organized for the purpose of acquiring and developing mineral
properties.  At the report date mineral claims, with unknown reserves,
had been acquired.  The Company has not established the existence of a
commercially minable ore deposit and therefore has not reached the development
stage and is considered to be in the pre-exploration stage.








2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES





Accounting
Methods





The
Company recognizes income and expenses based on the accrual method of
accounting.





Dividend
Policy





The
Company has not yet adopted a policy regarding payment of
dividends.





Basic and Diluted Net
      Income (loss) Per Share





Basic
      net income (loss) per share amounts are computed based on the weighted
      average number of shares actually outstanding.   Diluted
      net income (loss) per share amounts are computed using the weighted
      average number of common and common equivalent shares outstanding as if
      shares had been issued on the exercise of the common share rights unless
      the exercise becomes antidulutive and then only the basic per share
      amounts are shown in the report.





Evaluation of Long-Lived
Assets





The
Company periodically reviews its long term assets and makes adjustments, if the
carrying value exceeds fair value.











-7-













SONA
RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


December
31, 2008





(Unaudited
      – Prepared by Management)





2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES - Continued





Income
Taxes





The
Company utilizes the liability method of accounting for income
taxes.  Under the liability method deferred tax assets and liabilities
are determined based on differences between financial reporting and the tax
bases of the assets and liabilities and are measured using the enacted tax rates
and laws that will be in effect, when the differences are expected to be
reversed.   An allowance against deferred tax assets is recorded,
when it is more likely than not, that such tax benefits will not be
realized.





On
December 31, 2008 the Company had a net operating loss carry forward of $75,916
for income tax purposes.  The tax benefit of approximately $22,700
from the loss carry forward has been fully offset by a valuation reserve because
the future tax benefit is undeterminable since the Company is unable to
establish a predictable projection of operating profits for future
years.  Losses will expire on 2029.





Foreign Currency
Translations





Part of
the transactions of the Company were completed in Canadian dollars and have been
translated to US dollars as incurred, at the exchange rate in effect at the
time, and therefore, no gain or loss from the translation is
recognized.  The functional currency is considered to be US
dollars.





Revenue
Recognition





Revenue
is recognized on the sale and delivery of a product or the completion of a
service provided.





Advertising and Market
Development





The company expenses advertising and
market development costs as incurred.





Financial
Instruments





The
      carrying amounts of financial instruments are considered by management to
      be their fair value due to their short term
  maturities.














-8-











SONA
      RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


December
31, 2008





(Unaudited
      – Prepared by Management)





2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES - Continued





Estimates and
Assumptions





Management
uses estimates and assumptions in preparing financial statements in accordance
with general accepted accounting principles.  Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses.   Actual results could vary from the estimates that
were assumed in preparing these financial statements.





Statement of Cash
      Flows





For
      the purposes of the statement of cash flows, the Company considers all
      highly liquid investments with a maturity of three months or less to be
      cash equivalents.





Unproven Mining Claim
Costs





Cost of
acquisition, exploration, carrying and retaining unproven properties are
expensed as incurred.





Environmental
      Requirements





At
      the report date environmental requirements related to the mineral claim
      acquired are unknown and therefore any estimate of any future cost cannot
      be made.





Recent Accounting
Pronouncements





The
Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial
statements.





3.           AQUISITION
OF MINERAL CLAIM





On
      April 9, 2007, the Company acquired the Sagar Gold Claim located in the
      Republic of India from Govind Resources Inc., an unrelated company, for
      the consideration of $5,000.  The Sagar Gold Claim is located in
      Vandavasi, Tamil Nadu in India.  Under India’s law, the claim
      remains in good standing as long as the Company has an interest in
      it.   There are no annual maintenance fees or minimum
      exploration work required on the
Claim.











-9-










SONA
      RESOURCES, INC.


(A
Pre-exploration Stage Company)


NOTES
TO FINANCIAL STATEMENTS


December
31, 2008





(Unaudited
– Prepared by Management)





4.           SIGNIFICANT
TRANSACTIONS WITH RELATED PARTY





Officers-directors
and their families have acquired 77% of the common stock issued and have made no
interest, demand loans to the Company of $11,338 and have made contributions to
capital of $22,100 in the form of expenses paid for the Company.





5.           CAPITAL
STOCK





On August
31, 2007, Company completed a private placement consisting of 2,000,000 common
shares sold to directors and officers at a price of $0.001 per share for a total
consideration of $2,000.  On September 30, 2007, the Company completed
a private placement of 605,500 common shares at $0.05 per share for a total
consideration of $30,276.





6.
            GOING
      CONCERN





The
      Company will need additional working capital to service its debt and to
      develop the mineral claims acquired, which raises substantial doubt about
      its ability to continue as a going concern.   Continuation
      of the Company as a going concern is dependent upon obtaining additional
      working capital and the management of the Company has developed a
      strategy, which it believes will accomplish this objective through
      additional equity funding, and long term financing, which will enable the
      Company to operate for the coming
year.











-10-









ITEM
2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OR


PLAN
OF OPERATIONS





The
following discussion should be read in conjunction with the information
contained in the financial statements of Sona Resources, Inc. (“Sona”) and the
notes which form an integral part of the financial statements which are attached
hereto.





The
financial statements mentioned above have been prepared in conformity with
accounting principles generally accepted in the United States of America and are
stated in United States dollars.




Sona is a
start-up, pre-exploration stage company, incorporated in the State of Nevada on
January 18, 2007 and with a fiscal year end of September 30.   We
have no subsidiaries, affiliated companies or joint venture
partners.




Our
business is the search for gold and related minerals. Our planned exploration
work is exploratory in nature.  We have not generated any operating
revenues since inception.  Our sole holding is a 100% interest in the
Sagar Claim located in the Republic of India.  As well all of our
directors, officers and our consulting geologist reside in India.  We
have not discovered any ores or reserves on the Sagar Claim. We have incurred
losses since inception and we must raise additional capital to fund our
operations.   There is no assurance we will be able to raise this
capital.




Sona has
not conducted any exploration work on the Sagar Claim. With funds on hand we
plan to commence Phase 1 work of a two-phase exploration program recommended for
the Sagar Claim.  It is our plan to commence Phase I work in the late
fall of 2009 or the spring of 2010.  We will have to raise additional
cash to undertake anything beyond this initial work on the Sagar
Claim.




There is
no assurance that a commercially viable mineral deposit, a reserve, exists at
our mineral claim.  There is no assurance a mineral deposit can be
shown to exist on the Sagar acclaim unless and until sufficient and appropriate
exploration is done and a comprehensive evaluation of such work concludes
economic and legal feasibility.   Such work could take many years
and would require expenditure of very substantial amounts of
capital.  We do not presently have such capital.  We may
never be able to raise this capital.




Management
devotes only part-time to Sona’s business. Sona has no fulltime
employees





Principal
Office





Our
administrative office is located at 2/41 Timurty OM Housing Society, Sion,
Chunnabhatti, Mumbai, India 400022.Our telephone
number is 91 9820600 700.





Other
information





Sona has
2,605,500 shares outstanding.





Sona is
responsible for filing various forms with the United States Securities and
Exchange Commission (the “SEC”) such as Form 10K and Form 10Qs.





The
shareholders may read and copy any material filed by Sona with the SEC at the
SEC’s Public Reference Room at 100 F Street, N.E., Washington, DC,
20549.   The shareholders may obtain information on the
operations of the Public Reference Room by calling the SEC at
1-800-SEC-0330.   The SEC maintains an Internet site that
contains reports, proxy and information statements, and other information which
Sona has filed electronically with the SEC by assessing the website using the
following address:  http://www.sec.gov.   Sona
has no website at this time.








-11-














Planned
Business





The
following discussion should be read in conjunction with the information
contained in the financial statements of Sona and the notes, which forms an
integral part of the financial statements, which are attached
hereto.




DESCRIPTION
OF THE PROPERTY




Our sole
mineral property is:





Sagar
Claim





We are
the registered and beneficial owner of a 100% interest in the Sagar
Claim.





The Sagar
Claim covers an area of approximately 98.7 hectares (approximately 244
acres).





The Sagar
Claim is situated in the state of Tamil Nadu in the Republic of
India.  The Sagar Claim was chosen because it is exhibits some
geological similarity to the Polur Gold Claim (located approximately 50
kilometers/31 miles to the east of the Sagar Claim).  The Polur Gold
Claim produced 2.7 million ounces of gold between 1920 and 2002 when the mine
shut down.





Proposed Exploration
Work – Plan of Operation




Mr.
Hirendra Kapadia, P. Geol., authored the "Summary Of Exploration On The Sagar
Property, Chennai, Tamil Nadu  India” dated May 1, 2007 (the “Kapadia
Report”), in which he recommended a phased exploration program to properly
evaluate the potential of the claim.  Mr. Kapadia is a registered
Professional Geologist in good standing in the Geological Society of India. He
is a graduate of the University of Western Australia, Perth, Australia with a
Bachelor of  Science (1977) and a Masters of Science
(1982).   Mr. Kapadia has practiced his profession as a geologist
continuously since 1987.  He visited the area covered by our claim in
April of 2007.




We must
conduct exploration to determine what minerals exist, if any, on our property
and whether they can be economically extracted and profitably processed. We plan
to proceed with exploration of the Sagar Claim by commencing Phase I of the work
recommended in the Kapadia Report, in order to begin determining the potential
for discovering commercially exploitable deposits of gold on our
claim.




We have
not discovered any ores or reserves on the Sagar Claim, our sole mineral
property. Our planned Phase I work is exploratory in nature.




The
Kapadia Report recommends a number of steps in Phase I work to properly evaluate
the potential of the claim.  Phase I work will include of geological
mapping, sampling and surveying (including whole rock chemical analysis) to
define and enable interpretation and evaluation of the feasibility and utility
of undertaking Phase II work (being an exploratory diamond drill
program).




We
anticipate, based on the estimate contained in the Kapadia Report, that the
Phase I work we will undertake with cash on hand will cost approximately $7,600
(Ind. Rs 300,000) and will consist, primarily, of geological
mapping.







-12-














At this
point we have funds available to complete only a portion of Phase
I.   Phase I work will include establishing a grid and the
creation of maps showing the location of all roads in and near the perimeter of
the Sagar Claim.  The laying out of a grid and line cutting involves
the physical cutting of the underbrush and overlay to establish an actual grid
on the ground whereby items can be related one to another more easily and with
greater accuracy. When we map, we essentially generate a drawing of the physical
features of the land we are interested in as well as a depiction of what may
have been found in relation to the boundaries of the property. So we will
actually draw a scale map of the area and make notes on it as to the location
where anything was found that was of interest or not.  In the process
we will also identify any showings which appear to warrant sampling, i.e. any
rock formations that appear to warrant our taking soil and rock samples from the
claims to a laboratory where a determination of the elemental make up of the
sample and the exact concentrations of chromite and other indicator minerals can
be made.  As noted above, we expect the costs of Phase I work to total
approximately $7,600 (Ind. Rs 300,000).





Based on
estimates in the Kapadia Report, we will have to raise an additional $28,500
(Ind. Rs 1,122,000) in order to carry out Phase I work in its entirety, let
alone any Phase II drilling, should that be judged to be warranted following
completion and evaluation of all Phase I work recommended in the Kapadia
Report.





Particularly
since we have a limited operating history, no reserves and no revenue, our
ability to raise additional funds is limited.  If we are unable to
raise the necessary funds we will be required to suspend Sona’s operations and
liquidate our company.





Particulars
of the Sagar Claim, our sole mineral property, together with issues we face in
conducting exploration work on the property, are as follows.




Location
and Access




The Sagar
Claim is located approximately 42 kilometers (26 miles) east of the town of
Vandavasi, near the southeastern corner of India in the state of Tamil
Nadu.   The area covered by the Sagar Claim is an active mineral
exploration and development region with plenty of heavy equipment and operators
available for hire. The town of Vandavasi provides all necessary amenities and
supplies including, an experienced workforce, fuel, helicopter services,
hardware, drilling companies and assay services.  Access to the Sagar
Claim is via government maintained all-weather road.   No water
is required for the purposes of our planned exploration work.  No
electrical power is required at this stage of exploration.  Any
electrical power that might be required in the foreseeable future could be
supplied by gas powered portable generators.





Tropical
mountain forests grow at lower elevations in the northeast corner of the claim
and good rock exposure is found along the peaks and ridges in the western
portion of the claim. The area has a tropical and humid climate, with an
oppressive summer and plentiful seasonal rainfall. The summer season, from March
to May, is followed by the south west monsoon from June to September. The north
east monsoon lasts from October to November.  The claim area can be
worked, essentially, year round.





There are
no known environmental concerns or parks designated for any area contained
within the claims. The property has no encumbrances.





Property
Geology





The
principal bedded rocks for the area of Sagar Claim are Precambrian rocks that
are exposed along a wide axial zone of a broad complex. In this region gold is
generally concentrated within extrusive Precambrian rocks in the walls of large
volcanic caldera.  The volcanic rocks are typically intruded with
quartz veins that may be broken due to mechanical and chemical weathering into
sand size particles and carried by streams and channels - rocks that are
found at those mineral occurrence sites.





These
rocks consisting of cherts and argillites (sediments) and andesitic to basaltic
volcanic have been intruded by granodiorite. Structures and mineralization
probably related to this intrusion are found throughout the region and occur on
the claim. They are associated with all the major mineral occurrences and
deposits in the area.  Past gold production, along with recent
exploration, in the area near the Sagar Claim has resulted in the discovery of
gold occurrences in shear zones such as those found on our claim.






-13-







Previous
Exploration





While
mineralization found on the Sagar Claim is consistent with that found associated
with zones of extensive mineralization in nearby properties, to the best of our
knowledge, based on examination by our geologist of available records, no
detailed exploration has previously been undertaken on the area covered by the
Sagar Claim.   Our proposed work represents an exploratory search
for minerals on the Sagar Claim.





As
mentioned above however, we determined to acquire and explore the Sagar Claim
because of the fact that numerous showings of mineralization have been
discovered in the area of our claim and one such prospect, the previously
mentioned Polur Gold Claim located some 50 kilometers (31 miles) to the east of
our claim, achieved significant gold production over many decades.





However,
no assurance whatsoever can be given that any meaningful mineralization, let
alone commercially valuable mineralization, will found on the Sagar
Claim.





There are
no permanent facilities, plants, buildings or equipment on the Sagar
Claim.




Competitive
Factors




The
mining industry is highly fragmented. We are competing with many other
exploration companies looking for gold and silver. We are among the smallest
exploration companies in existence and are an infinitely small participant in
the mining business that is the cornerstone of the founding and early stage
development of the mining industry. While we generally compete with other
exploration companies, there is no competition for the exploration or removal of
minerals from our claims. Readily available markets exist for the sale of gold
and silver. Therefore, we will likely be able to sell any gold or silver that we
are able to recover, in the event commercial quantities are discovered on the
Sagar Claim.  There is no ore body on the Sagar Claim.




Regulations




Exploration
activities are subject to various national, state, foreign and local laws and
regulations in the Republic of India, which govern prospecting, development,
mining, production, exports, taxes, labor standards, occupational health, waste
disposal, protection of the environment, mine safety, hazardous substances and
other matters. We believe that we are in compliance in all material respects
with applicable mining, health, safety and environmental statutes and the
regulations passed thereunder in India.




Our
exploration activities are subject to various federal, state and local laws and
regulations governing protection of the environment. These laws are continually
changing and, as a general matter, are becoming more restrictive. Our policy is
to conduct business in a way that safeguards public health and the environment.
We believe that our exploration activities are conducted in material compliance
with applicable laws and regulations. Changes to current local, state or federal
laws and regulations in the jurisdictions where we operate could require
additional capital expenditures and increased operating and/or reclamation
costs. Although we are unable to predict what additional legislation, if any,
might be proposed or enacted, additional regulatory requirements could render
certain exploration activities uneconomic.






-14-





Employees




Initially,
we intend to use the services of subcontractors for manual labor exploration
work on our claim.  At present, we have no employees as such although
each of our officers and directors devotes a portion of his time to the affairs
of the Company.  None of our officers and directors has an employment
agreement with us. We presently do not have pension, health, annuity, insurance,
profit sharing or similar benefit plans; however, we may adopt such plans in the
future. There are presently no personal benefits available to any
employee.




As
indicated above we will hire subcontractors on an as needed basis. We have not
entered into negotiations or contracts with any of potential
subcontractors.  We do not intend to initiate negotiations or hire
anyone until we are nearing the time of commencement of our planned exploration
activities.




Investment
Policies





Sona does
not have an investment policy at this time.  Any excess funds it has
on hand will be deposited in interest bearing notes such as term deposits or
short term money instruments. There are no restrictions on what the director is
able to invest or additional funds held by Sona.   Presently Sona
does not have any excess funds to invest.





Since our
business activity is related solely to the exploration and evaluation of the
Sagar Claim, it is the opinion of management that the most meaningful financial
information relates primarily to current liquidity and
solvency.   As at December 31, 2008, we had cash on hand of
$1,305 and a working capital deficiency of $21,540.   As can be
determined from the following table, it is expected that the Company will
require cash injections of approximately $28,367 to enable the Company to meet
its anticipated expenses over the next twelve months, including carrying out our
planned exploration work.  Unless we raise additional funds, we will
be faced with a working capital deficiency by no later than the end of the next
twelve months. By an agreement dated April 1, 2008 our President agreed to make
loan advances to the Company totalling up to $25,000 on an ‘as needed’ basis to
ensure we have sufficient working capital to finance our operations for the
forthcoming twelve (12) months.





Should
our President fail to advance the additional $25,000 in loan capital, of which
she has advanced $11,338 as of December 31, 2008, or should our President
exercise her right to demand repayment of her loan, we would have no funds to
satisfy our cash requirements and would have to go out of business.





Our
future financial success will be dependent on the success of the exploration
work on the Sagar Claim.   Such exploration may take years to
complete and future cash flows, if any, are impossible to predict at this
time.   The realization value from any mineralization which may
be discovered by us is largely dependent on factors beyond our control such as
the market value of metals produced, mining regulations in India and foreign
exchange rates.




Our
financial statements contained herein have been prepared on a going concern
basis, which assumes that we will be able to realize our assets and discharge
our obligations in the normal course of business. We incurred a net loss for the
period from the inception of our business on January 18, 2007 to December 21,
2008, of $75,916. We did not earn any revenues during the aforementioned
period.




We are
presently in the pre-exploration stage and there is no assurance that a
commercially viable mineral deposit, a reserve, exits in the Sagar Claim until
further exploration work is done and a comprehensive evaluation concludes
economic and legal feasibility.









-15-






Our
capital commitments for the next twelve months consist of expenses associated
with the undertaking our planned exploration work and other corporate expenses
detailed below:




Expenses
            Amount
            
            DescriptionAccounting
            $4,500
            
            Fees
      to our accountant for preparing the quarterly and annual working papers
      for the financial statements.Audit
            4,000
            
            Review
      of the quarterly financial statements and audit of the annual financial
      statements.Bank
      charges
            100Exploration
            7,600
            
            Completion
      of Geological mappingFiling
      fees
            215
            
            Annual
      fee to the Secretary of State for
Nevada





Office
      & miscellaneous
            750
            
            Photocopying,
      delivery and fax expensesTransfer
      agent’s fees
            1,000
            
            Annual
      fee of $500 and estimated miscellaneous charges of $500Estimated
      expenses
            18,165Add:
      Accounts payable
            11,507
            
            Excluding
      payables to ‘related parties’.Total
      expenses:
            29,672Less:
      Cash on hand
            1,305Balance
      Required
            $28,367
            
            Estimated
      additional cash required during the next twelve (12)
  months




We have
no plant or significant equipment to sell, nor are we going to buy any plant or
significant equipment during the next twelve months. We will not buy any
equipment until we have located a body of ore and we have determined it is
economical to extract the ore from the land.




We may
attempt to interest other companies to undertake exploration work on the Sagar
Claim through joint venture arrangement or even the sale of part of the Sagar
Claim.  Neither of these avenues has been pursued as of the date of
this Form 10-Q.




Our
engineer has recommended a phased exploration program for the Sagar
Claim.  However, we have funds available to undertake only a portion
of Phase I work. We will have to raise additional funds to complete all
recommended Phase I work.  We will be unable to complete all Phase I
of the recommended exploration program until we raise more money or find a joint
venture partner to complete the exploration work.  If we cannot find a
joint venture partner and do not raise more money, we will be unable to complete
any work beyond the geological mapping of our Phase I of the exploration program
recommended by our engineer.  If we are unable to finance additional
exploration activities, we do not know what we will do and we do not have any
plans to do anything else.




We do not
intend to hire any employees at this time. Unaffiliated independent contractors
that we will hire will conduct the geological mapping work. The independent
contractors will be responsible for surveying and exploration.  We may
engage a geologist to assist in evaluating the information derived from the
exploration including advising us on the economic feasibility of removing any
mineralized material we may discover.




Critical Accounting
PoliciesOur discussion and analysis
of its financial condition and results of operations, including the discussion
on liquidity and capital resources, are based upon our financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States. The preparation of these financial statements
requires us to make estimates and judgments that affect the reported amounts of
assets, liabilities, revenues and expenses, and related disclosure of contingent
assets and liabilities. On an ongoing basis, management re-evaluates its
estimates and judgments.






-16-






The going
concern basis of presentation assumes we will continue in operation throughout
the next fiscal year and into the foreseeable future and will be able to realize
our assets and discharge our liabilities and commitments in the normal course of
business. Certain conditions, discussed below, currently exist which raise
substantial doubt upon the validity of this assumption. The financial statements
do not include any adjustments that might result from the outcome of the
uncertainty.




Our intended exploration activities are
dependent upon our ability to obtain third party financing in the form of debt
and equity and ultimately to generate future profitable exploration activity or
income from its investments. As of December 31, 2008, we have not generated
revenues, and have experienced negative cash flow from minimal exploration
activities. We may look to secure additional funds through future debt or equity
financings. Such financings may not be available or may not be available on
reasonable terms.




TrendsWe
are in the pre-explorations stage, have not generated any revenue and have no
prospects of generating any revenue in the foreseeable future.  We are
unaware of any known trends, events or  uncertainties that have
had,  or are reasonably likely to have, a material impact on our
business or income, either in the long term of short term, other than as
described  in this section or in ‘Risk Factors’.




Limited Operating History; Need for
Additional
Capital         There is no
historical financial information about us upon which to base an evaluation of
our performance as an exploration corporation. We are a pre-exploration stage
company and have not generated any revenues from our exploration activities.
Further, we have not generated any revenues since our formation on January 18,
2007.  We cannot guarantee we will be successful in our exploration
activities. Our business is subject to risks inherent in the establishment of a
new business enterprise, including limited capital resources, possible delays in
the exploration of our properties, and possible cost overruns due to price and
cost increases in services.




To become
profitable and competitive, we must invest into the exploration of our property
before we start production of any minerals we may find. We must obtain equity or
debt financing to provide the capital required to fully implement our phased
exploration program.We have no
assurance that financing will be available to us on acceptable terms. If
financing is not available on satisfactory terms, we may be unable to commence,
continue, develop or expand our exploration activities. Even if available,
equity financing could result in additional dilution to existing
shareholders.




Results
of Operations – Since inception to December 31, 2008.




For the
three months ended December 31, 2008, we had a net loss of $7,614 and an
accumulated loss since inception of $75,916.   This represents a
net loss of $0.00 per share for the three months ended December 31, 2008 based
on a weighted average number of shares outstanding of 2,605,500.  We
have not generated any revenue from operations since inception.  Our
accumulated loss from our date of inception represents various expenses incurred
with organizing the company, undertaking audits, recognizing management fees and
general office expenses, which can be broken down as follows:





Expense
            Amount
            
            DescriptionAccounting
      and audit
            $  14,258
            
            Preparation
      of working papers for submission to our independent
      accountants.Bank
      charges
            283
            
            Includes
      the cost of printing cheques and deposit book and monthly
              bank
      charges.Consulting
      fees
            17,500
            
            The
      Company engaged the services of two consultants; one to prepare this Form
      S-1 and the other to obtain the information required in the mineral
      property and other documents needed from India.Edgarizing
            3,359
            
            Edgarizing
      Form S-1, Forms 10-K and 10-Q.








-17-





Exploration
            10,000
            
            Represents
      the cost of acquiring the rights to the Sagar  Gold Claim in
      India and the Kapadia Report thereon.Filing
      fees
            30
            
            Filing
      charges for our Form S-1Incorporation
      costs
            720
            
            Initial
      cost of incorporation the company in the State of
NevadaLegal
            5,276
            
            Legal
      costs were incurred by an attorney to notarize certain corporate documents
      and to assist in the preparation of the documents to open a bank account
      for the Company.Management
      fees
            17,000
            
            The
      Company does not pay its directors or officers for the service they render
      to the Company.  Nevertheless, the Company realizes there is a
      cost in the directors and officers working on behalf of the Company and
      has accrued as an expense $1,000 each month commencing August 1, 2007 as
      management fee.   The offsetting credit is to Capital in
      Excess of Par Value on the Balance Sheet.   This amount
      will never be paid to the directors and officers in either cash or
      shares.





Office
            963
            
            General
      office and photocopy expenses.Rent
            3,400
            
            As
      with management fees, the Company accrues $200 a month as an rent expense
      even though it does not have its own office.   It does use
      the office premises of its President and therefore realizes there should
      be a cost attached thereto although the Company is not required and will
      not to pay any cash for such use.   The offsetting credit
      is to Capital in Excess of Par Value.Telephone
            1,700
            
            As
      with management fees and rent, the Company accrues as an expense $100 per
      month as telephone expense with a credit to Capital in Excess of Par
      Value.Transfer
      Agent Fees
            1,427
            
            Issuance
      of shares and annual transfer agent’s fee.$  75,916











Balance Sheet as at December 31,
2008Total cash, as at December
31, 2008, was $1,305.  Our working capital deficiency as at December
31, 2008 was $21,540.




Our cash
was derived from the completion of an initial seed capital offering on August
31, 2007 which raised $2,000 and a private placement on September 30, 2007 which
raised a further $30,276 together with no interest demand loans from a director
in the amount of $6,203.


No
revenue was generated during these periods.




Total
shareholders’ deficiency as at December 31, 2008 was $21,540. Total shares
outstanding, as at December 31, 2008, was 2,605,500.




Our Planned Exploration
ProgramWe must conduct exploration to
determine what amounts of minerals exist on the Sagar Claim and if such minerals
can be economically extracted and profitably processed.




Our
anticipated exploration costs over the next twelve months on the Sagar Claim are
approximately $7,600.  This figure represents the anticipated cost to
us of completing geological mapping and other Phase I work recommended in the
Kapadia Report.  In order to complete Phase I we will have to raise
additional investment capital since, apart from the $7,600 specifically
allocated to mineral exploration, our remaining cash on hand is fully committed
to ongoing administrative expenses of the Company.






-18-






DISCLOSURE
REGARDING FORWARD-LOOKING STATEMENTS





This Form
10-Q contains statements that constitute forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 and
Section 27A of the Securities Act of 1933. The words “expect,” “estimate,”
“anticipate,” “predict,” “believe,” and similar expressions and variations
thereof are intended to identify forward-looking statements. Such
forward-looking statements include statements regarding, among other things,
(a) our estimates of mineral reserves and mineralized material,
(b) our projected sales and profitability, (c) our growth strategies,
(d) anticipated trends in our industry, (e) our future financing
plans, (f) our anticipated needs for working capital and (g) the
benefits related to ownership of our common stock. This information may involve
known and unknown risks, uncertainties, and other factors that may cause our
actual results, performance, or achievements to be materially different from the
future results, performance, or achievements expressed or implied by any
forward-looking statements for the reasons, among others, described within the
various sections of this Form 10-Q, specifically the section entitled “Risk
Factors”.   In light of these risks and uncertainties, there can
be no assurance that the forward-looking statements contained in this Form 10-Q
will in fact occur as projected. We undertake no obligation to release publicly
any updated information about forward-looking statements to reflect events or
circumstances occurring after the date of this Form 10-Q or to reflect the
occurrence of unanticipated events.





The risks
described below are the ones we believe are most important for you to consider.
These risks are not the only ones that we face. If events anticipated by any of
the following risks actually occur, our business, operating results or financial
condition could suffer and the future price of our common stock, if ever quoted
on the OTCBB, could decline.





RISK  FACTORS




An
investment in our common stock involves an exceptionally high degree of risk and
is extremely speculative. In addition to the other information regarding Sona
contained in this Form 10-Q, you should consider many important factors in
determining the financial status of our Company. The following risk factors
reflect the potential and substantial material risks which could be involved if
you decide to purchase future shares in our Company or if you are already a
shareholder in retaining or increasing your position.




Risks
Associated with our Company:




Since
our assets, together with all of our directors and officers, and our consulting
geologist, are outside the United States (in the Republic of India) it may not
be possible for investors to make service of process on our directors and
officers or to enforce U.S. laws or any judgment obtained in a United States
court, against the Company, its assets, our directors and officers or our
consulting geologist in India.




Our
assets are located outside the United States, in the Republic of
India.   We do not currently, nor do we have plans for the
foreseeable future, to maintain a permanent place of business within the United
States.   We have an agent for service, Budget Corp. of Carson
City, Nevada, who will accept, on our behalf, the service of any legal process
and any demand or notice authorized by law to be served upon a
corporation.  However, our agent for service will not accept service
on behalf of any of our officers or directors, all of whom are residents of
India.  Similarly, our consulting geologist, who has advised the
Company with respect to exploration of its principal asset, the Sagar Claim, is
also a resident of India.  None of these persons has an agent for
service in the United States.  Consequently it may be difficult for
investors to bring a legal action, or obtain a judgment, against the Company, or
more particularly, any of our officers and directors or our consulting
geologist, in a U.S court, based upon the civil liability provisions of U.S.
federal securities laws, or otherwise.  Even if such an action is
brought, and judgment were obtained, in a U.S. court it may be difficult, even
impossible, to enforce such a judgment in the courts of India making it
difficult, if not impossible, to collect on a U.S. judgment in
India.  Furthermore, it may be difficult, or even
impossible, for an investor to bring an original action in the courts of India
against Sona, or any of the above-referenced individuals, whether based upon the
civil liability provisions of U.S. federal securities laws, or any other laws,
of the United States.






-19-






Our
liquidity, and thus our ability to continue to operate depends upon the
continuing willingness of our President to finance the Company’s
operations.




We are,
in part, financing our continuing operations with cash loaned to us by our
President.  To date our President has loaned us $11,338 and she has
agreed to advance up to a further $13,662 on an ‘as needed’ basis over the
coming twelve (12) months.  Without these loan advances we would be
forced to go out of business.  Even if our President advances the full
$25,000 over the coming twelve (12) months, we expect our cash resources may not
satisfy our needs to June 2009.




Furthermore,
the loan advances made by our President are repayable on
demand.  Accordingly, if our President were to demand repayment of his
loan advances we would not have sufficient funds to satisfy our cash
requirements and would be forced to go out of business.




We
lack an operating history and have losses, which we expect to continue into the
future. As a result, we may have to suspend or cease exploration activity or
cease operations.




We were
incorporated on January 18, 2007 and have not yet conducted any exploration
activities.  We have not generated any revenues. We have no
exploration history upon which you can evaluate the likelihood of our future
success or failure.  Our net loss from inception to December 31, 2008,
the date of our most recent interim financial statements, is
$75,916.  Our ability to achieve profitability and positive cash flow
in the future is dependent upon




*
            our
      ability to locate a profitable mineral property*
            our
      ability to locate an economic ore reserve*
            our
      ability to generate revenues*
            our
      ability to reduce exploration
costs.




Based
upon current plans, we expect to incur operating losses in future periods. This
will happen because there are expenses associated with the research and
exploration of our mineral property. We cannot guarantee we will be successful
in generating revenues in the future. Failure to generate revenues may cause us
to go out of business.




We have no known
ore reserves and we cannot guarantee we will find any gold and/or silver
mineralization
or, if we find gold and/or silver mineralization, that it may be economically
extracted. If we fail to find any gold and/or silver mineralization or if we are
unable to find gold and/or silver mineralization that may be economically
extracted, we will have to cease operations.




We have
no known ore reserves. Even if we find gold and/or silvermineralizationwe
cannot guarantee that any gold and/or silver mineralizationwill
be of sufficient quantity so as to warrant recovery. Additionally, even if we
find gold and/or silver mineralizationin
sufficient quantity to warrant recovery, we cannot guarantee that the ore will
be recoverable. Finally, even if any gold and/or silvermineralizationis
recoverable, we cannot guarantee that this can be done at a profit. Failure to
locate gold deposits in economically recoverable quantities will cause us to
cease operations.




Because
the probability of an individual prospect ever having reserves is extremely
remote, in all probability our property does not contain any reserves, and any
funds spent on exploration will be lost.




Because
the probability of an individual prospect ever having reserves is extremely
remote, in all probability our sole property, the Sagar Claim, does not contain
any reserves, and any funds spent on exploration will be lost. If we cannot
raise further funds as a result, we may have to suspend or cease operations
entirely which would result in the loss of your investment.






-20-






Because
our officers and directors do not have technical training or experience in
starting, and operating an exploration company nor in managing a public company,
we will have to hire qualified personnel to fulfill these functions. If we lack
funds to retain such personnel, or cannot locate qualified personnel, we may
have to suspend or cease exploration activity or cease operations which will
result in the loss of your investment.




One of
our directors is a professional geologist and has considerable experience
exploring for minerals.  However, none of our management team has
experience starting and operating a mineral exploration company, nor do they
have training in these areas.  As a result their decisions and choices
may not take into account standard managerial approaches mineral exploration
companies commonly use. Consequently our ultimate financial success could suffer
irreparable harm due to certain of management's lack of
experience.  Additionally, our officers and directors have no direct
training or experience in managing and fulfilling the regulatory reporting
obligations of a ‘public company’ like Sona.  We will have to hire
professionals to undertake these filing requirements for Sona and this will
increase the overall cost of operations. As a result we may have to suspend or
cease exploration activity, or  cease operations altogether, which will
result in the loss of your investment.




If
we don't raise enough capital for exploration, we will have to delay exploration
or go out of business, which will result in the loss of your
investment.




We
estimate that, with funding committed by our management combined with our cash
on hand, we have sufficient cash to continue operations for twelve months
provided we only carry out the planned portion of Phase I of our planned
exploration activity.  We are in the pre-exploration
stage.  We need to raise additional capital to undertake the remainder
of Phase I, or any of Phase II, of our planned exploration
activity.  You may be investing in a company that will not have the
funds necessary to conduct any meaningful exploration activity due to our
inability to raise additional capital. If that occurs we will have to delay
exploration or cease our exploration activity and go out of business, which will
result in the loss of your investment.




Since we are
small and do not have much capital, we must limit our exploration and as a
result may not find an ore body. Without an ore
body, we cannot generate revenues and you will lose your
investment.




The
possibility of development of and production from our exploration property
depends upon the results of exploration programs and/or feasibility studies and
the recommendations of duly qualified professional engineers and
geologists.  We are small company and do not have much
capital.  We must limit our exploration activity unless and until we
raise additional capital.  Any decision to expand our operations on
our exploration property will involve the consideration and evaluation of
several significant factors beyond our control.  These factors
include, but are not limited to:




●
            Market
      prices for the minerals to be produced;●
            Costs
      of bringing the property into production including exploration preparation
      of production feasibility studies and construction of production
      facilities;●
            Political
      climate and/or governmental regulations and controls;●
            Ongoing
      costs of production;●
            Availability
      and cost of financing; and●
            Environmental
      compliance regulations and
restraints.




These
types of programs require substantial capital. Because we may have to limit our
exploration, we may not find an ore body, even though our property may contain
mineralized material. Without an ore body, we cannot generate revenues and you
will lose your investment.






-21-






Because our
officers and directors have other outside business activities and may not be in
a position to devote a majority of their time to our exploration activity, our
exploration activity may be sporadic which may result in periodic interruptions
or suspensions of exploration.




Our
President will be devoting only a portion of his time, approximately 15 hours
per month, to our business.  Our Chief Financial Officer and
Secretary-Treasurer will be devoting only approximately 8 hours per month to our
operations.  Our remaining director, Fidel Pernites, will be devoting
almost no time to our affairs except during the limited time during which we
undertake exploration work on the Sagar Claim at which time Mr. Pernites, a
professional geologist, is expected to devote a significant portion of his time
on behalf of the Company.  While our officers and directors presently
possess adequate time to attend to our business, it is possible that the demands
of their other obligations could increase with the result that our affairs are
not effectively managed. As a consequence our business may suffer with our
exploration activity being under-funded, sporadic or periodically interrupted or
suspended.   Such suspensions or interruptions may cause us to
cease operations altogether and go out of business.




We
may not have access to all of the supplies and materials we need to begin
exploration which could cause us to delay or suspend exploration
activity.




We have
made no attempt to locate or negotiate with any suppliers of products, equipment
or materials. We will attempt to locate products, equipment and materials as and
when we begin to undertake exploration activity in 2009.  Competition
and unforeseen limited sources of supplies in the industry could result in
occasional spot shortages of equipment and/or supplies we need to conduct our
planned exploration work.  If we cannot find the products and
equipment we need, we will have to suspend our exploration plans until we do
find the products and equipment we need.


Mineral
exploration is highly speculative, involves substantial expenditures, and is
frequently non-productive





Mineral exploration
involves a high degree of risk and exploration projects are frequently
unsuccessful. Few prospects that are explored end up being ultimately developed
into producing mines. As we are exclusively involved in mineral exploration, the
long-term success of our operations will be related to the cost and success of
our exploration programs. We cannot assure you that our mineral exploration
efforts will be successful. The risks associated with mineral exploration
include the identification of potential economic mineralization based on
superficial analysis; the quality of our management and our geological and
technical expertise; and the capital available for exploration and
development.  Substantial expenditures are required to determine if a
project has economically mineable mineralization. It may take several years to
establish proven and probable reserves and to develop and construct mining and
processing facilities. Because of these uncertainties, our current and any
future exploration programs may not result in the discovery of reserves, the
expansion of our existing reserves or the further development of our
mines.





Mineral
exploration is highly speculative.





Exploration for minerals is highly
speculative and involves greater risks than are inherent in many other
industries. Many exploration programs do not result in the discovery of
mineralization, and any mineralization discovered may not be of sufficient
quantity or quality to be profitably mined. Also, because of the uncertainties
in determining metallurgical amenability of any minerals discovered, the mere
discovery of mineralization may not warrant the mining of the minerals on the
basis of available technology. The exploration targets on   the
properties we own, lease or acquire in the future may not contain commercially
mineable mineral deposits.








-22-











No
matter how much money is spent on the Sagar Claim, the risk is that we might
never identify a commercially viable ore reserve.





Over the
coming years, we might expend considerable capital on exploration of the Sagar
Claim without finding anything of value.  It is very likely the Sagar
Claim does not contain any reserves so any funds spent on exploration will
probably be lost.  No matter how much money is spent on the Sagar
Claim, we might never be able to find a commercially viable ore
reserve.




Even
if our property were found to contain a deposit, since we have not put a mineral
deposit into production before, we will have to acquire outside expertise. If we
are unable to acquire such expertise we may be unable to put our property into
production and you may lose your investment.




We have
no experience in placing mineral deposit properties into production, and our
ability to do so will be dependent upon using the services of appropriately
experienced personnel or entering into agreements with other major resource
companies that can provide such expertise. There can be no assurance that we
will have available to us the necessary expertise when and if we place a mineral
deposit into production.




Mineral
exploration and development activities are inherently risky and we may be
exposed to environmental liabilities. If such an event were to occur it may
result in a loss of your investment.




The
business of mineral exploration and extraction involves a high degree of risk.
Few properties that are explored are ultimately developed into
production.  Most exploration projects do not result in the discovery
of commercially mineable deposits of ore.  The Sagar Claim, our sole
property, does not have a known body of commercial ore. Should our mineral claim
be found to have commercial quantities of ore, we would be subject to additional
risks respecting any development and production activities. Unusual or
unexpected formations, formation pressures, fires, power outages, labor
disruptions, flooding, explosions, cave-ins, landslides and the inability to
obtain suitable or adequate machinery, equipment or labor are other risks
involved in extraction operations and the conduct of exploration programs. We do
not carry liability insurance with respect to our mineral exploration operations
and we may become subject to liability for damage to life and property,
environmental damage, cave-ins or hazards. There are also physical risks to the
exploration personnel working in the rugged terrain of India, often in poor
climatic conditions. Previous mining exploration activities may have caused
environmental damage to the Sagar Claim. It may be difficult or impossible to
assess the extent to which such damage was caused by us or by the activities of
previous operators, in which case, any indemnities and exemptions from liability
may be ineffective.




Even
with positive results during exploration, the Sagar Claim might never be put
into commercial production due to inadequate tonnage, low metal prices or high
extraction costs.





We might
be successful, during future exploration programs, in identifying a source of
minerals of good grade but not in the quantity, the tonnage, required to make
commercial production feasible.  If the cost of extracting any
minerals that might be found on the Sagar Claim is in excess of the selling
price of such minerals, we would not be able to develop the
claim.  Accordingly even if ore reserves were found on the Sagar
Claim, without sufficient tonnage we would still not be able to economically
extract the minerals from the claim in which case we would have to abandon the
Sagar Claim and seek another mineral property to develop, or cease operations
altogether.







-23-






Risks
Associated with Our Shares:




Our
officers and directors own a substantial amount of our common stock and will
have substantial influence over our operations.




Our
directors and officers currently own 2,000,000 shares of common stock
representing 77% of our outstanding shares.  Such directors and
officers have registered for resale 200,000 of their shares.  Assuming
that such directors and officers sell their 200,000 shares, they will still own
1,800,000 shares of common stock representing 69.1% of our outstanding
shares.  As a result, they will have substantial influence over our
operations and can effect certain corporate transaction without further
shareholder approval.  This concentration of ownership may also have
the effect of delaying or preventing a change in control.




Without a public market there is no
liquidity for our shares and our shareholders may never be able to sell their
shares which would result in a total loss of their investment.




Our
common shares are not listed on any exchange or quotation
system.  There is no market for our
shares.   Consequently, our shareholders will not be able to sell
their shares in an organized market place unless they sell their shares
privately.  If this happens, our shareholders might not receive a
price per share which they might have received had there been a public market
for our shares.   We are planning to make an application for a
quotation on the OTCBB whereby:





●
            We
      will have to be sponsored by a participating market maker who will filea
      Form 211 on our behalf since we will not have direct access to the
      FINRA
              personnel;
      and●
            We
      will not be quoted on the OTCBB unless we are current in our periodicreports
      filed with the SEC.





From the
date of our submission of a Form 211, we estimate that it will take us between
twelve to eighteen weeks to be approved for a quotation on the
OTCBB.  However, we cannot be sure we will be able to obtain a
participating market maker or be approved for a quotation on the OTCBB, in which
case, there will be no liquidity for the shares of our
shareholders.





Even if a market develops for our shares our shares
may be thinly traded, with wide share price fluctuations, low share prices and
minimal liquidity.





If a
market for our shares develops, the share price may be volatile with wide
fluctuations in response to several factors, including:





●
            Potential
      investors’ anticipated feeling regarding our results of
      operations;●
            Increased
      competition and/or variations in mineral prices;●
            Our
      ability or inability to generate future revenues; and●
            Market
      perception of the future of the mineral exploration
    industry.





In
      addition, if our shares are quoted on the OTCBB, our share price may be
      impacted by factors that are unrelated or disproportionate to our
      operating performance.  Our share price might be affected by
      general economic, political and market conditions, such as recessions,
      interest rates or international currency fluctuations.  In
      addition, even if our stock is approved for quotation by a market maker
      through the OTCBB, stocks traded over this quotation system are usually
      thinly traded, highly volatile and not followed by
      analysts.  These factors, which are not under our control, may
      have a material effect on our share
price.








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We
anticipate the need to sell additional treasury shares in the future meaning
that there will be a dilution to our existing shareholders resulting in their
percentage ownership in the Company being reduced accordingly.





We may
seek additional funds through the sale of our common stock.  This will
result in a dilutive effect to our shareholders whereby their percentage
ownership interest in the Company is reduced.  The magnitude of this
dilutive effect will be determined by the number of shares we will have to issue
in the future to obtain the funds required.




Since our securities are
subject to penny stock rules, you may have difficulty reselling your
shares.




Our
shares are "penny stocks" and are covered by Section 15(g) of the Securities
Exchange Act of 1934 which imposes additional sales practice requirements on
broker/dealers who sell the Company's securities including the delivery of a
standardized disclosure document; disclosure and confirmation of quotation
prices; disclosure of compensation the broker/dealer receives; and, furnishing
monthly account statements. For sales of our securities, the broker/dealer must
make a special suitability determination and receive from its customer a written
agreement prior to making a sale. The imposition of the foregoing additional
sales practices could adversely affect a shareholder's ability to dispose of his
stock.





Foreign
Currency and Exchange Rates




Our
mineral property is located in the Republic of India and costs expressed in the
geological report on the Claim are expressed in Indian Rupees. For purposes of
consistency and to express United States Dollars throughout this registration
statement, Indian Rupees have been converted into United States currency at the
rate of US $1.00 being approximately equal to Ind. R. 39.5 or 1(one) Ind. R.
being approximately equal US $0.0253 which is the approximate average exchange
rate during recent months and which is consistent with the incorporated
financial statements.







ITEM
3.                      CONTROLS
AND PROCEDURES





(a)           Evaluation of Disclosure
Controls and Procedures





Our Chief
Executive Officer and our Chief Financial Officer, after evaluating the
effectiveness of Sona’s controls and procedures (as defined in the Securities
Exchange Act of 1934 Rule 13a, 14(c) and 15d 14(c) as of the end of the period
of the filing of this quarterly report on Form 10-Q (the “Evaluation Date”),
have concluded that as of the Evaluation Date, Sona’s disclosure and procedures
were adequate and effective to ensure that material information relating to it
would be made known to it by others, particularly during the period in which
this quarterly report on Form 10-Q was being prepared.





(b)           Changes in Internal
Controls





There
were no material changes in Sona’s internal controls or in other factors that
could materially affect Sona’s disclosure controls and procedures subsequent to
the Evaluation Date, nor any significant deficiencies or material weaknesses in
such disclosure controls and procedures requiring corrective
actions.






PART
11 – OTHER INFORMATION





ITEM
1.                      LEGAL
PROCEEDINGS





There are
no legal proceedings to which Sona or is a party or to which the Sagar Claim is
subject, nor to the best of management’s knowledge are any material legal
proceedings contemplated.





ITEM
2.                      UNREGISTERED
SALES OF EQUITY SECURITIES AND USE OF PROCEEDS





There has been no change in our
securities since the fiscal year ended September 30, 2008.








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ITEM
3.                      DEFAULTS
UPON SENIOR SECURITIES





None





ITEM
4.                      SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS





There have been no matters brought
forth to the securities holders to vote upon during this quarter.





ITEM
5.                      OTHER
INFORMATION





None





ITEM
6.                      EXHIBITS
AND REPORTS ON FORM 8-K








(a)  (3)   Exhibits





The
following exhibits are included as part of this report by
reference:





3.1
            
            Certificate
      of Incorporation (incorporated by reference from Sona’s Registration
      Statement on Form SB-2 filed on January 31, 2008, Registration No.
      333-148959)3.2
            
            Articles
      of Incorporation (incorporated by reference from Sona’s Registration
      Statement on Form SB-2 filed on January 31, 2008, Registration No.
      333-148959)3.3
            
            By-laws
      (incorporated by reference from Sona’s Registration Statement on Form SB-2
      filed on January 31, 2008, Registration No. 333-148959)4
            
            Specimen
      Stock Certificate (incorporated by reference from Sona’s Registration
      Statement on Form SB-2 filed on January 31, 2008, Registration No.
      333-148959)10.1
            
            Transfer
      Agent and Registrar Agreement (incorporated by reference from Sona’s
      Registration Statement on Form SB-2 filed on January 31, 2008,
      Registration No. 333-148959)








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SIGNATURES








In accordance with the requirements of
the Exchange Act, the registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.





SONA RESOURCES, INC.(Registrant)Date:
      January 27, 2009
            AJEETA PINHEIROChief
      Executive Officer, President and DirectorDate:
      January 27, 2009
            MONIKA SAGARChief
      Financial Officer, Chief Accounting
              Officer,
      Secretary and Director








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