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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 FEBRUARY 28, 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)                  |
|                                       |
|                                       |   |   |   |   |
|                                       |   |   |   |   |
|                                       |   | February 28, |   | November 30, |
|                                       |   | 2011 |   | 2010 |
|                                       |   | (Unaudited) |   |   |
| Assets                                     |   |   |   |   |
| Current Assets                             |   |   |   |   |
|                                       | Cash | $ | 56,905 | $ | 56,941 |
|                                       |   |   |   |   |
| Total Assets                               | $ | 56,905 | $ | 56,941 |
| Liabilities and Stockholders' Equity       |   |   |   |   |
| Current Liabilities                        |   |   |   |   |
|                                       | Accounts payable and accrued liabilities | $ | 12,670 | $ | 7,000 |
|                                       |   |   |   |   |
| Total Liabilities                          |   | 12,670 |   | 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 |   | (227,715) |   | (222,009) |
| Total Stockholders' Equity                 |   | 44,235 |   | 49,941 |
| Total Liabilities and Stockholders' Equity | $ | 56,905 | $ | 56,941 |

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| FLM MINERALS INC.              |
|--------------------------------|
| (An Exploration Stage Company) |
| Statements of Operations       |
| (Expressed in US Dollars)      |
| (Unaudited)                    |
|                           |
|                           |   |   |   |   |   | Period |
|                           |   |   |   |   |   | From |
|                           |   | Three Months |   | Three Months |   | August 31, 2006 |
|                           |   | Ended |   | Ended |   | (Date of Inception) |
|                           |   | February 28, |   | February 28, |   | to February 28, |
|                           |   | 2011 |   | 2010 |   | 2011 |
|                           |   |   |   |   |   |   |
| Expenses                       |   |   |   |   |   |   |
|                           | General and administrative | $ | 436 | $ | 209 | $ | 88,815 |
|                           | Mineral property costs |   | - |   | - |   | 25,227 |
|                           | Professional fees |   | 5,270 |   | 2,100 |   | 113,673 |
|                           |   |   |   |   |   |   |
| Total expenses                 |   | 5,706 |   | 2,309 |   | 227,715 |
| Net loss for the period        | $ | (5,706) | $ | (2,309) | $ | (227,715) |
|                           |   |   |   |   |   |   |
| Net loss per share             |   |   |   |   |   |   |
|                           | Basic and diluted | $ | (0.00) | $ | (0.00) | $ | (0.03) |
|                           |   |   |   |   |   |   |
|                           | Weighted average number of shares |   |   |   |   |   |   |
|                           |   | outstanding - basic and diluted |   | 6,906,300 |   | 6,906,300 |   | 6,906,300 |

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| FLM MINERALS INC.                                                            |
|------------------------------------------------------------------------------|
| (An Exploration Stage Company)                                               |
| Statements of Changes in Stockholders’ Equity                          |
| From period August 31, 2006 (inception) through  February 28, 2011 |
|                                                                         |
|                                                                         |
|                                                                         |   |   | Additional |   |   |   |   |   |   |
|                                                                         | Common Stock |   | Paid in |   | Subscriptions |   | Accumulated |   |   |
|                                                                         | Shares |   | Amount |   | Capital |   | Receivable |   | Deficit |   | Total |
| Balance at August 31, 2006                                                   |   |   |   |   |   |   |   |   |   |   |   |
| (inception)                                                                  | - | $ | - | $ | - | $ | - | $ | - | $ | - |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                                 |   |   |   |   |   |   |   |   |   |   |   |
| at $0.00001 per share                                                        | 6,000,000 |   | 60 |   | - |   | - |   | - |   | 60 |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Common 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 ended November 30, 2007                               | - |   | - |   | - |   | - |   | (78,370) |   | (78,370) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at November 30, 2007                                                 | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (96,570) |   | 175,380 |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for year ended November 30, 2008                               | - |   | - |   | - |   | - |   | (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 February 28, 2011                              | - |   | - |   | - |   | - |   | (5,706) |   | (5,706) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
| Balance at February 28, 2011                                                 | 6,906,300 | $ | 69 | $ | 271,881 | $ | - | $ | (227,715) | $ | 44,235 |

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| FLM MINERALS INC.                          |
|--------------------------------------------|
| (An Exploration Stage Company)             |
| Statements of Cash Flows                   |
| (Expressed in US Dollars)                  |
| (Unaudited)                                |
|                                       |
|                                       |   |   |   |   |   |   |
|                                       |   |   |   |   |   | Period From |
|                                       |   | Three Months |   | Three Months |   | August 31, 2006 |
|                                       |   | Ended |   | Ended |   | (Date of Inception) |
|                                       |   | February 28, |   | February 28, |   | to February 28, |
|                                       |   | 2011 |   | 2010 |   | 2011 |
|                                       |   |   |   |   |   |   |
|                                       | Cash flows used in operating activities |   |   |   |   |   |   |
|                                       |   | Net loss for the period | $ | (5,706) | $ | (2,309) | $ | (227,715) |
|                                       |   | Changes in operating assets and liabilities |   |   |   |   |   |   |
|                                       |   |   | Increase (decrease) in accounts payable and |   |   |   |   |   |   |
|                                       |   |   | accrued liabilities |   | 5,670 |   | 2,250 |   | 12,670 |
|                                       |   |   |   |   |   |   |   |
|                                       | Net cash used in operating activities |   | (36) |   | (59) |   | (215,045) |
|                                       |   |   |   |   |   |   |
|                                       | Cash flows from financing activities |   |   |   |   |   |   |
|                                       |   | Capital stock issued |   | - |   | - |   | 271,950 |
|                                       |   | Subscriptions collected |   | - |   | - |   | - |
|                                       | 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 |   | (36) |   | (59) |   | 56,905 |
|                                       |   |   |   |   |   |   |
| Cash beginning of the period               |   | 56,941 |   | 81,795 |   | - |
|                                       |   |   |   |   |   |   |
| Cash end of the period                     | $ | 56,905 | $ | 81,736 | $ | 56,905 |
|                                       |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |
| Supplemental of cash flow information:     |   |   |   |   |   |   |
|                                       |   | Interest paid | $ | - | $ | - | $ | - |
|                                       |   | Income taxes paid | $ | - | $ | - | $ | - |

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| FLM MINERALS INC.              |
|--------------------------------|
| (An Exploration Stage Company) |
| Notes to Financial Statements  |
| February 28, 2011              |
| (Unaudited)                    |
|                           |

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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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