SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                       ----------------------------------
                                   FORM 10-KSB

                Annual report pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

                    For the Fiscal Year ended March 31, 2005

                        Commission file number 000-32477

                           EAST DELTA RESOURCES CORP.
        (exact name of small business issuer as specified in its charter)

                                    Delaware
                         (State or other jurisdiction of
                         incorporation or organization)

                                   98-0212726
                        (IRS Employer Identification No.)

     Suite 600, 447 St-Francis Xavier St., Montreal, Quebec, Canada H2Y 2T1
                    (Address of principal executive offices)

                                 (514) 845-6448
                         (Registrant's telephone number)

Securities registered pursuant to Section 12(b) of the Act:

Securities registered pursuant to Section 12(g) of the Act: Common shares par
value $0.0001

Check whether the issuer (1) filed all reports required to be filed by Section
13 of 15(d) of the Exchange Act during the past 12 months, and (2) has been
subject to such filing requirements for the past 90 days. YES [V] NO [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
registrant's best knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB.

The aggregate market value of voting stock held by non-affiliates of the
Registrant: $21,886,394.

As of June 30, 2005, the Registrant had 41,197,492 shares of its Common Stock
outstanding.

<PAGE>

                              INDEX TO FORM 10-KSB
                    FOR THE FISCAL YEAR ENDED MARCH 31, 2005

PART I

ITEM 1. DESCRIPTION OF BUSINESS                                              3

ITEM 2. DESCRIPTION OF PROPERTY                                              10

ITEM 3. LEGAL PROCEEDINGS                                                    10

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                  10

PART II                                                                      10

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND         10
SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS          12

ITEM 7. FINANCIAL STATEMENTS                                                 17

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING          31
AND FINANCIAL DISCLOSURE

ITEM 8A. CONTROLS AND PROCEDURES                                             32

ITEM 8B. OTHER INFORMATION                                                   32

PART III                                                                     33

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;        33
COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

ITEM 10. EXECUTIVE COMPENSATION                                              35

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND                 36
MANAGEMENT AND RELATED STOCKHOLDERS MATTERS

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                      37

ITEM 13. EXHIBITS                                                            37

ITEM 14. PRINCIPAL ACCOUNTANTS FEES AND SERVICES                             38

SIGNATURES                                                                   39


                                       2
<PAGE>

PART I

ITEM 1. Description of Business

(a) Business Development

         East Delta Resources Corp., formerly Avic Technologies Ltd., ("we", or
the "Company" or "EDLT"), a Delaware corporation, was incorporated on March 4,
1999. The Company has not been involved with any bankruptcy, receivership or
similar proceedings.

         During this fiscal year we acquired all the assets of a Delaware mining
enterprise, as described below, and took on its business activities.

(b) Business of Issuer

         Initially, the main business goal of EDLT was to provide technical
services, offering small and medium sized construction contractors access to our
expertise in the building materials industry, and to enter into the manufacture
of window frames in China. The Company later established an office in Beijing,
China, and the success of the venture was dependent on concluding a joint
venture agreement with Shenzhen Li Zheng Industrial Ltd., of Shenzhen,
Guangdong.

         This joint venture was never realized, and in December, 2001, the Board
of Directors of EDLT decided to close its China operations and re-orient the
business goal of the Company elsewhere. Eventually, after several unsuccessful
attempts at new undertakings, the Board was presented with an opportunity in the
mining industry and decided to enter this field and maintaining its geographic
focus on China. On February 4, 2004, the Company signed a share Exchange (and
Purchase) Agreement to acquire all the common and voting shares of East Delta
Resources Corp., a Delaware corporation, who subsequently changed its name to
Omega Resources Inc. ("Omega"). Omega through its wholly-owned Canadian
subsidiary, Amingo Resources Inc., is in the business of exploration and mining
of gold and other precious metals, primarily in China.

         On May 5, 2004, we changed our name to East Delta Resources Corp. and
the NASD assigned us a new trading symbol, EDLT. On June 30, 2004, the purchase
was finalized and we acquired 100% of the common shares of Omega Resources Inc.
(fka, East Delta Resources Corp.). and subsequently took on the business of
Omega Resources Inc.

                                       3
<PAGE>

Business Description

         The Company is headquartered in Montreal, Quebec and now has as its
business objective to profit from the recent worldwide revival of interest in
precious and base metals. Our primary activity is in gold exploration,
development and production. We also plan to participate in other mineral
exploration and mining, specifically, nickel, zinc and lead. Our geographic
focus is in growth mining regions located mostly in China and Southeast Asia.
Our goal is to establish ourselves, in these areas, as a major force in the
mining industry by bringing together our network of financing sources,
management expertise, the latest mining technology and extensive local industry
contacts. We also operate through a wholly owned Canadian subsidiary, Amingo
Resources Inc. of Montreal, Quebec.120.

Business Opportunity

         Despite the presence in China of a sizable number of "Western" resource
companies, the modern mining industry in China can still be considered to be in
its infancy, with huge tracts of land completely unexplored, under-explored or
under-developed. In addition to developing new properties, many existing mining
operations have great potential to be further exploited, as the lack of adequate
funding has prevented the acquisition of up-to-date and efficient methods and
equipment. The central and local governments have long recognized these problems
and have become very amenable to doing business with foreign companies.

Business Strategy

         We plan to develop our business mostly through acquisitions and/or
joint ventures with local participants in project that we expect to have
substantial equity and management control. We do not view ourselves as a " pure
exploration company". Priority is to be given to the more advanced potential
mining properties; projects where most of the exploration and pre-feasibility
study work have already been done. The objective is to become the owner of
producing mines in the shortest term possible and with exploration risks
mitigated as much as possible. With profit potential adequately demonstrated and
funding available, a new plant can be in production in as quick as twelve
months. Currently, in China, all major new gold facilities using modern
technology and equipment and capable of producing large amounts of gold are
still fully controlled by the central government. Thus, EDLT's and Amingo's main
targets are the small to medium sized gold and base metals projects.

         We have implemented a two-pronged approach to our business development.
First, we acquired rights to a substantive property that, based on exploratory
work done to date has a reasonable probability of developing into a major gold
mining operation. This property has become the focus of our efforts. In
addition, we are concentrating on acquiring small producing gold mines that can
be expanded and made more efficient through modern management techniques and
equipment, bringing revenue to our bottom line as rapidly as possible.

                                       4
<PAGE>

Accomplishments and Activities to-date

         Prior to being acquired, Omega had acquired 100% of the voting shares
of Amingo Resources Inc., a Canadian based company whose major work is in gold
exploration and mining in China. A large part of our efforts for the immediate
term are directed to develop Amingo and our Chinese properties. Although Amingo
retains its separate Canadian identity, its activities and operations have
successfully been integrated in our own. Thus, our major business activities
coincide with those of Amingo's.

         In February, 2004, Amingo signed a Joint Venture Contract with the
provincial and county governments of Guizhou Province and Jinping County,
respectively, to explore and mine gold within their territories. Under the terms
of the agreement, Amingo acquired rights to develop a 72 square kilometer
property in the county (referred to as "Bake"), and is eligible to earn up to
84% of the net revenues extracted from this particular property. At the outset
Amingo owns 70% of the JV, and each governmental entity retains 15%.

         In early May, 2004 the Guizhou Provincial Industrial and Commercial
Administrative Bureau approved the "Joint Venture" which is now operating under
the name Guizhou Amingo Resources Inc. and issued it a business license, valid
for a period of twenty years. In December, 2004, the governmental authorities
granted Guizhou Amingo an exploration license covering our Bake property.

         The success of this venture is fully dependent on us obtaining the
necessary financing, and no assurances can be given that sufficient funding will
be found, and even if such funding is located, that the venture will result in
any viable ore bodies being uncovered and profitably mined. With respect to such
financing, we have agreed to contribute up to $1,000,000 to fund the Joint
Venture's preliminary exploration and development activities. We are required to
pay this amount in the following installments:


     o    $600,000 by December 31, 2004

     o    $400,000 by December 31, 2005

         To date we have raised approximately $1,200,000 to finance our
operations. During 2004 we invested approximately $600,000 in the Guizhou
Amingo, thereby satisfying the requirements of our JV agreement with the Chinese
authorities. As well, during the year we assembled an effective and experienced
geological team to guide the exploration and development of our Chinese mining
properties.

Local Co-operation

         Our partners in China maintain an extensive network of contacts with
local government officials and mining industry senior officers. To further
strengthen our local technical support, we are in the process of negotiating a
co-operative agreement with a major gold design and research institute in China.
This institute is expected to assist us in carrying out research and provide any
local technical support as required for joint ventures in China.

                                       5
<PAGE>

Implementation Strategy

         To fully benefit from the opportunities presented to us during 2004, we
have begun to implement our two-pronged approach to our growth in China.

         The first track, as outlined above, is the development of our Chinese
joint venture Guizhou Amingo Resources Inc. and of our anchor property at Bake
with the goal to develop this into a "world class" mining operation.

Guizhou Amingo Resources Inc.
Description of Bake Property

         EDLT (through its subsidiaries, Amingo Resources Inc. and Chinese JV,
Guizhou Amingo Resources Inc.) holds a 70% equity interest in a vast property
covering an area of approximately 72 square kilometers of a turbidite-hosted
gold quartz vein type situated in Jinping County, southeastern Guizhou province,
China, approximately 255 km. east Guiyang city (the capital city of Guizhou
province).

Geological Setting

         The SE Guizhou gold camp is within the Hunan-Guizhou gold belt, an area
at the southwestern edge of the Yangtze crystalline basement where rocks of
Proterozoic age are overlain by Cambrian to Jurassic shallow-marine sediments.
These rocks were folded into anticlines and subsequently sheared. In the Hunan
province portion of the Hunan-Guizhou belt, large gold deposits such as Xiangxi,
Muoping and Woxi (with a stated resource greater than 50 tons) are known.
(reference: Luo et al. 1996).

         Mineralization occurs primarily in the Proterozoic turbidite rocks:
sericite slates, sandstone slates, tuffs, and sandstone lithologies that
underwent greenschist metamorphism prior to shearing and gold mineralization. In
SE Guizhou, five shear zones oriented ENE or NE, Jingping, Kentou, Pingqiu,
Wenjiang, and Tonggu are documented (Lu et al. 2001). The Jingtou and Jingping
shear zones cross the north limb of the anticline, the Pingqiu shear zone is
near the anti-clinal axis while the Wenjiang and Tonggu shear zones cross the
south anti-clinal limb. These shear zones produced mostly bedding parallel
subsidiary ductile, ductile-brittle and brittle structures and only a few cross
faults. There are no nearby intrusions. They are turbidite-hosted gold deposits.

         Major gold deposits including Tonggu, Kentou, Pingqiu, and Jingping
(more than 10 tons in reserve, Lu et al. 2001, and Wu 1999), with average grade
more than 5 g/T, since visible native gold can observed) and about 40 gold
showings have been found. Some occurrences are being mined by local governments
and companies.

         Gold occurs typically as native gold in or near quartz veins with
associated minor pyrite and asenopyrite. The veins are enclosed within a
silicified zone having weak chlorite and sericite alteration. The gold-bearing
quartz veins are 0.2 to 1.0 m wide, striking NE for strike lengths of 200-1000m
extending at least 200 to 300m in depth. The average gold grade is 5 g/ T. In
Pingqiu, Tonggu, Kentou, Bake and Jingping gold mines the veins are en echelon
with grades of 2 g/T to 30 g/T.

                                       6
<PAGE>

Bake-Jiaoyun

         The Bake-Jiaoyun project is on the Wenjiang anticline and Wenjiang
shear zone containing the Bake and Jiaoyun showings. The Bake area contains 18
quartz veins with visible gold in the quartz veins and the adjacent alteration
assemblage. A local company mined some of the veins three years ago but ceased
operations due to the lack of technology and equipment. There are more than 20
vein outcrops in the region and with about 200 m in length and average of 0.4 m
in width.

Indicated Resources

         The potential for the Bake-Jiaoyun project area was identified by
geological mapping of the Jingping and Tianzhu counties in 1999. Results
submitted to the Chinese Academy of Sciences and the Government of Guizhou in
2002 identified potential for mine-able gold resources in the area. A
preliminary environmental impact study of exploration and mining activities was
also submitted.

         From the years 2001 to 2003, EbisTech Inc., a Canadian based geological
consultancy co-owned by Dr. Huan Lu (currently our Chief Geologist), conducted a
survey program under the project entitled, "Cooperative Exploration of
Bake-Jiaoyun" which formed the basis of the founding of Amingo and the proposal
that further mineralization of the area be undertaken. It was clearly shown that
Guizhou province hosted Turbidite type gold deposits very similar to those found
in Nova Scotia and Australia, both of which to date have been successfully
mined.

         Brigade 101 Geological Exploration Team, BGMR of the Province of
Guizhou, China, did extensive work on a very small portion (less than 6%) of the
Bake property and issued its report through the China Geological Survey. Based
on the "Technical Requirements of Mineral Resources Estimates and Calculation
for Solid Mineral Deposit" they reported the outline of one prominent ore body
with indicated gold resources (equivalent to the Inferred Resources category as
defined by CIM) of 29 tonnes of gold (approximately 1,000,000 ounces) at the
Bake deposit.

         We have as yet to confirm these results. The estimates, as reported by
Brigade 101, were based on a very limited depth of gold mineralization (less
than 60 meters) as no drilling program was undertaken. It is our intention to
expend our resources in further exploration programs to validate these results
and explore other prospective areas within the Bake property.

         In 2003, Amingo Resources engaged independent Canadian geologists to
summarize these reports, and provide their own technical reports and
conclusions. The summary report, as presented to the Company, are available for
perusal by a simple written or e-mail request to us.

                                       7
<PAGE>

         The second track that we are undertaking is to acquire producing (or
near-producing) mines to provide immediate cash flow for us. To this end we
incorporated a wholly-owned Chinese corporate entity, Guiyang High Tech Meiya
Investment Ltd., to undertake our acquisitions.

         In the fall and early winter of 2004, we completed a second round of
financing for the Company, bringing the total equity funding during 2004 to
US$1,200,000. The funds will provide more than sufficient operating capital for
the next 12 months, mostly to further develop our major property in China, as
well as adequate funds for placing deposits toward the acquisition of additional
mining properties that have attracted our interest.

         In November, 2004 we signed a letter of intent to form a Joint Venture
with the Chinese mining company, Huaqiao Gold Mining Company of China.
Subsequent to our year end, in June 2005, we entered into a definitive agreement
to form a Joint Form, through our wholly owned Chinese subsidiary, Guiyang High
Tech Meiya Investment Ltd., and this Chinese entity, that will own, operate, and
further develop the Huaqiao gold mine.

         Under the terms of the agreement, Guiyang High Tech Meiya Investment
will own 73.5% of the JV company and will be required to inject $500,000 over
the next three months, while Huaqiao will transfer complete ownership of all
assets and permits related to the mine to the JV. In addition, the JV will
acquire rights to explore and mine an additional one sq. km. of prospective land
situated to the NE side of the existing mine. The Huaqiao gold property is
located in the SE part of Guizhou province lying within the Hunan-Guizhou gold
belt. The existing mine has been operating and mining gold for about 10 years
producing more than 5 tonnes of gold to date. In the last two years, according
to information provided to us, the mine generated a total of 20,000 ounces.
Within the property, seven independent ore zones at varying depth levels have
been identified. Currently, most mining activity is confined to the fourth
level. Data supplied to us by Huaqiao indicate a remaining resource estimated at
approximately 275,000 oz. of gold with the ore averaging 7.35 g/t, and an
extraction cost of under $225 per ounce. We are in the midst of validating this
information.

         We have adequate funding in hand to proceed with this acquisition and
anticipate integration of the mining operation into our Company by early fall
2005.

         Also, in January, 2005, we signed a letter of intent to enter into a
Joint Venture with Xining Zhen Hai Enterprises Ltd., a Chinese mining company
operating in the Province of Qinghai, China. The Joint Venture Company will be
formed to acquire all the exploration and mining permits and property rights
related to Zhen Hai's Mu Yang Gou Gold Mine project in Tong De County, Qinghai,
China. Subject to certain terms and conditions, we will own 80% of the JV
Company. And in February, 2005, Amingo signed a letter of intent to purchase up
to 90% of a small gold mine adjacent to our Bake property. Both these letters of
intent remain in the due diligence phase and are subject to further
negotiations. No assurances can be given that they will materialize into
definitive contracts or that we will obtain adequate financing to close these
acquisitions.

                                       8
<PAGE>

         In June 2005, the Company, through its newly formed Delaware
subsidiary, Sino-Canadian Metals, Inc. signed a definitive Joint Venture
Contract with the Chinese mining entity, Qinghai Jiahua Metal Development Co.
Ltd. (QJMD).

         Under the terms of the Agreement, a newly formed JV is to acquire all
the exploration and production permits owned by QJMD related to the Yuanshishan
Nickel-Iron-Cobalt deposit located in Ping'an County, Qinghai Province,
northwest China. The Agreement gives Sino-Canadian the exclusive right to earn
up to 80% of this property, subject to an immediate investment of USD $300,000
into the JV. The funds are to be used to confirm the profitability and reserves
of the property. Further, the Agreement requires that EDLT assume the
responsibility of raising all funding necessary to bring the property to the
production stage. The financing that will be needed is estimated at between USD
$13 to $15 million. And we can offer no assurances that such funding will be
available to the Company.

            The Yuanshishan Ni-Fe-Co deposit is located south of Ping'an County,
62 km east of Xining city, the provincial capital. Over the past two decades,
extensive exploration and fieldwork has been carried out at this site by the
Bureau of Geology and Mineral Resources of Qinghai province. The results from
the Bureau's exploration and fieldwork confirmed that the mineralization at
Yuanshishan is of a Nickel dominated polymetallic nature, and that the Ni, Fe
and Co grades are of economic importance. An open pit design was deemed suitable
for the development of this deposit. QJMD reported that both it and the Chinese
government have spent, to date, over USD $3,000,000 drilling and exploring this
property.

            An independent feasibility study undertaken by a credible geological
consulting firm in China in 2002, concluded that the site can be profitably
mined for at least 18 years. Applying current nickel prices to the study
substantially enhances the viability of the project. We are in the process of
reviewing all their data and documentation.

WORK-IN-PROGRESS

         Amingo has negotiated for several other potential joint ventures, and
is currently conducting further discussions towards joint venture contracts and
agreements. Amingo has determined that these projects have an average cost of
production of less than $175 per ounce. Gold mined at these cost levels allow
for profitable operations, even under depressed gold price conditions. To
realize these projects, we will require at least $10 million of financing over
the next five years. Our aim to establish at least three to five gold production
plants by the fifth year of operation. There are no assurances that the funding
will be realized and these goals will be attained.

                                       9
<PAGE>

Employees

         We currently have three full time employees, one who is also a member
of senior management and two management personnel in China. None of our
employees are represented by a labor union. We believe that relations with our
employees are good.


ITEM 2. DESCRIPTION OF PROPERTIES

         The Company's mineral properties are described above in Item 1.

         The Company maintains its corporate offices at Suite 600, 447
St-Francis Xavier Montreal, Quebec, Canada where we have approximately 500
square feet working spaces. As of April 1, 2005, the owner of our leased office
space who is also a director and shareholder of East Delta, agreed to let us
continue occupying these offices rent free until further notice.

ITEM 3. LEGAL PROCEEDINGS

         The Company is not currently involved in any material legal
proceedings.

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

         Not applicable.


PART II

ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL BUSINESS
ISSUER PURCHASES OF EQUITY SECURITIES

         (a) Market Information

         The common shares of the Company commenced quotation the NASD Bulletin
Board on August 24, 2001, under the ticker symbol AVIC. Subsequent to the
merger, our trading symbol was changed to EDLT.

         Market data as at March 31, 2005

         Historical
                           High           Low             Close
                           ----           ---             -----

         2005 Q1            $0.88         $0.55          $0.72
         2004 Q4             0.60          0.32           0.60
         2004 Q3             0.48          0.30           0.35
         2004 Q2             0.46          0.20           0.43
         2004 Q1             0.25          0.10           0.23
         2003 Year           0.20          0.06           0.14

                                       10
<PAGE>

         (b) Holders

         As of March 31, 2005, we had 40,375,575 shares of its Common Stock
outstanding, held by approximately five hundred shareholders of record.

         Of the 40,375,575 shares of common stock outstanding, 28,689,575 are
currently subject to the resale restrictions and limitations of Rule 144. In
general, under Rule 144 as currently in effect, subject to the satisfaction of
certain other conditions, a person, including an affiliate, or persons whose
shares are aggregated with affiliates, who has owned restricted shares of common
stock beneficially for at least one year is entitled to sell, within any
three-month period, a number of shares that does not exceed 1% of the total
number of outstanding shares of the same class. In the event the shares are sold
on an exchange or are reported on the automated quotation system of a registered
securities association, you could sell during any three-month period the greater
of such 1% amount or the average weekly trading volume as reported for the four
calendar weeks preceding the date on which notice of your sale is filed with the
SEC. Sales under Rule 144 are also subject to certain manner of sale provisions,
notice requirements and the availability of current public information about us.
A person who has not been an affiliate for at least the three months immediately
preceding the sale and who has beneficially owned shares of common stock for at
least two years is entitled to sell such shares under Rule 144 without regard to
any of the limitations described above.

         As at March 31, 2005, the Company had 12,780,500 warrants, at various
exercise prices ranging from $.10 to $0.75 per share, issued and outstanding.

         (c) Dividends

         The Company has had no earnings to date, and no dividends have been
declared to date. The payment by the Company of dividends, if any, in the
future, rests within the discretion of its Board of Directors and will depend,
among other things, upon the company's earnings, its capital requirements and
its financial condition, as well as other relevant factors.

         (d) Recent Sale of Unregistered Securities

         During the year ended March 31, 2005, we issued the follow shares of
common stock:

     o    we sold 7,118,750 shares for a total cash receipt of $1,221,503 to a
          group consisting of one accredited investor and several foreign
          investors. These shares were sold exempt from registration under
          Regulation D Rule 506 and/or under Regulation S promulgated under the
          Securities Act of 1933. No commissions were paid.
     o    we issued 11,366,250 shares valued at $4,887,500 to five non U.S.
          persons in an off shore transaction that was exempt from registration
          under Regulation S of the Securities Act. The shares were issued to
          the owners of Omega at the date of the business combination discussed
          above. No commissions were paid.

                                       11
<PAGE>

     o    We issued a total of 6,569,575 shares valued at $3,086,242 for
          services. No commissions were paid.

          Except for 2,500,000 shares issued under an S-8 registration, all
          these shares were issued either to non-U.S. persons in an off shore
          transaction that was exempt from registration under Regulation S or to
          U.S. persons exempt from registration by Section 4(2) of the Act.

ITEM 6.  PLAN OF OPERATIONS AND MANAGEMENT DISCUSSION AND ANALYSIS

Selected Financial Data

         The following selected financial data for the year ending March 31,
2005 is derived from the Company's audited financial statements included
elsewhere herein. The following data should be read in conjunction with the
financial statements of the Company.

Statement of Operations Data:

<TABLE>
<CAPTION>
                                             Year            Three months           Year                Inception
                                            ended               ended              ended                 through
                                           March 31,           March 31,         December 31,            March 31,
                                             2005                2004               2003                  2005
                                             ----                ----               ----                  ----
<S>                                        <C>                    <C>                 <C>                <C>
Total revenues                        $         --         $         --        $     10,000            $    106,544
Total expenses                          10,244,840              316,517             114,382              11,525,663
Net loss                               (10,244,840)        $   (316,667)       $   (104,382)           $(11,416,129)
Net loss per share                           (0.34)               (0.02)              (0.01)

Balance Sheet Data:
                                    As at March 31, 2005
                                    --------------------

Working Capital                        $   764,654
Total Assets                               835,183
Total Liabilities                           70,529
Stockholders' Equity                       764,654
</TABLE>


         The following discussion should be read in conjunction with the
financial statements and related notes that are included elsewhere in this
report. Statements made below which are not historical facts are forward-looking
statements. Forward-looking statements involve a number of risks and
uncertainties including, but not limited to, general economic conditions,
competition, and availability of viable projects.

                                       12
<PAGE>

         As described above, initially our main business purpose was to provide
our technical expertise in the fiberglass window industry. Due to various
factors we were forced to abandon this business and seek other opportunities and
as described in item 1, we are now in the business of exploration and mining
development of precious and base metals in China.

Revenues and Cash Position

         During the year ended March 31, 2005 and as in the previous year we had
no income. As of March 31, 2005, our cash position was $835,183 compared to
$16,052 as of March 31, 2004. The increase was due to the acquisition of Omega
Resources, which had a bank balance of $157,687 and through financings totaling
$1,221,503.

         We are of the opinion that we have adequate cash for the next 12 months
to further develop our major property, Bake, and to integrate at least one
acquisition of an additional property into our operations. However, making
progress on this acquisition and any additional acquisitions, will depend on our
ability to find financing in the order of several million dollars.

Operating Expenses and Net Loss

         Our average monthly (recurring) expenses during the year ended March
31, 2005 was approximately $25,000, and included employee salaries, management
salaries, office overhead, professional fees, travel, business entertainment,
equipment, and insurance.

         Officer and director compensation expenses were $138,374 for the year
ended March 31, 2005 compared to $10,500 for the three months ended March 31,
2004 and $58,381 for the year ended December 31, 2003.

         The largest portion of our expenses was in stock based compensation
amounting to $9,946,569. These amounts were paid in stock and warrants as
finder's fees for the several agreements that were entered into during the year
ending March 31, 2005 and to several geological, financial and management
consultants.

         We currently rent a 500 sq. ft. of space for our offices in Suite 600,
447 St-Francois Xavier St., Montreal, Quebec under a month to month free rent
arrangement.

         During the year ending March 31, 2005, the Company incurred an
operating loss of $10,244,840 as compared to $316,667 for the three months ended
March 31, 2004 and $104,382 for the year ended December 31, 2003. The increase
was attributed entirely to our new direction and operations. And at year end, we
have a deficit accumulated during the development stage of $11,416,129.

                                       13
<PAGE>

         Loss per share was $0.34 for the year ended March 31, 2005 as compared
to $0.02 for the three months ended March 31, 2004 and $0.01 for the year ended
December 31 31, 2003.

Plan of Operations

         Subsequent to the fiscal year end of March 31, 2005, and in addition to
our main property (Bake)., we finalized our acquisition of the Huaqiao mining
operations as mentioned earlier in Item 1. We expect it will take six months and
cost us about $450,000 to integrate this acquisition into our operations.

         Also, the due diligence phase for another acquisition, the Ruixin mine,
is nearing completion and we anticipate signing a definitive agreement with
Ruixin Gold Mines of Jinping, China as soon as the funding of approximately
$500,000 has been secured. No assurances can be given that this agreement will
be finalized.

Mining Operations

         In the next 12 months, our emphasis will be twofold:

          o    a significant drilling program to validate and confirm gold
               reserves at both Bake and Huaqiao.

          o    Expansion of mining activities at the Huaqiao mine by introducing
               modern equipment and techniques, and opening up additional veins.

         We expect to expend between $800,000 and $900,000 in the next 12 months
in our JV Guizhou Amingo and the Huaqiao property.

Plans for Bake   Zone 1 &  Zone 2

         Bake Zone 1 & 2 are situated at the head and tail of the Ruixin
property. Ruixin is a small near-producing gold mine adjacent to our main
property. They have identified seven gold veins, of which several extend into
Bake. Our drilling program will focus at two of these extensions, to determine
the exact length of these veins. Upon obtaining proven resources data in this
two locations, we can prepare for the sizing of the future gold extraction plan.
This program should yield additional reserve in the last quarter and allow us to
firm up the final gold mine design basis.

         Specifically, at Bake, we will continue the geo-chemical, underground
mapping, sampling programs and surveying already underway for 2.1 kilometers on
the south side of the land. The goal of this program is to define the extent of
gold anomalies in this region, through soil and rock sampling, trenching,
tunneling and geological mapping.

         This will be followed by further analysis of the first 2.1 kilometer
survey data to cover the strong gold anomalies and identical geological setting,
structure, alteration, and gold mineralization and allow us to plan a major
2,000 meter drilling activity for this area scheduled for this fall with the aim
to build our first gold mine at Bake.

                                       14
<PAGE>

         Simultaneously, we plan to engage independent consultants to provide us
with a comprehensive Environmental Impact Statement for our project (including
RuiXin).

         We have adequate funds on hand for all these activities.

Plans for Huaqiao Project

         Operations planned on the Huaqiao property are as follows.

         The project has been given rights to additional unexplored land of
approximately one square kilometer. We intend to outline a plan for new
geo-chemical surveys, mapping and sampling programs on this property The survey
will assist us in identifying targets based on identification of favorable
structures and alterations.

         Current mining has seven levels of mineralization identified. We will
plan the opening to level six with targets, production, and an underground
exploration program. The program is designed to test the expansion potential of
mineralization at level six.

         We expect to increase production of the current mine by adding new
and/or upgrading existing production equipment.

         We will commence an immediate review of the staffing requirements for
the existing plant under more efficient techniques and equipment and under our
expansion plans.

         Current mining operations have generated an enormous quantity of
tailings at Huaqiao, which our preliminary geological analysis has indicated
gold residues grading at profitable recovery levels. A more extensive evaluation
will be immediately undertaken coupled with an in depth study of recovery
feasibility and profit potential.

Risk Factors

         An investment in East Delta Resources common shares involves a high
degree of risk including, but not necessarily limited to, the risks described
below.

         1. Exploration. The Company is principally engaged in late-stage
exploration, development and mining of mineral resources. The Company faces all
the uncertainties and risks associated with this industry. The Company, while
making every effort to mitigate these unknowns, cannot assure that any of its
properties will contain recoverable or profitable ore bodies or that the life
expectancy of some of its acquired producing mines will be as long and
profitable as indicated.

                                       15
<PAGE>

         2. Competition. The Company faces intense competition from other
private, public, state-owned and foreign enterprises already well established in
this field with similar and superior capabilities. In the event that competition
between the Company and these enterprises intensifies, the Company's
profitability and prospects may be significantly affected.

         3. Expansion strategy. As mentioned in the section headed "Business
Strategy", management of the Company intends to expand by acquisitions and joint
ventures. These plans will require additional financing. The Company's ability
to arrange financing and the cost of such financing are dependent on various
factors such as general economic and capital market conditions. Should the
Company fail to obtain sufficient financing for the expansion, the growth of the
Company as well as the achievement of the objectives may be hindered.

         4. Lack of Technology. The Company owns no proprietary technology or
intellectual property and any business activities, contracts, or projects
depends solely on the ability of the Company to engage in projects ahead of the
competition There is no guarantee that the Company will be able to maintain this
lead in time in China and in the event that the Company fails to do so, its
competitiveness and profitability may be adversely affected.

         5. Risks relating to the PRC. The Company intends initially to focus
its activities on exploration and mining primarily in the Peoples Republic of
China (the PRC).

         (a) Entry into the WTO. The PRC has recently joined as a contracting
member of the WTO, which uniformly regulates trade and tariffs among its
contracting members. The PRC government has, on various occasions in the past
few years, reduced import tariffs on a wide range of products. This process
towards the general opening up of the PRC market is expected to continue. This
could lead to an increase in competition faced by the Company. In such
circumstance, the business of the Company may be adversely affected.

         (b) Legal System. Many laws and regulations in the PRC are promulgated
on broad principles. The PRC government has gradually laid down implementation
rules and has continued to refine and modify such laws and regulations. As the
PRC legal system develops, the promulgation of new laws or refinement and
modification of existing laws may affect foreign investors. The general effect
of legislation since 1982, when the National People's Congress amended the
constitution to authorize foreign investment, has been to enhance significantly
the protection afforded to foreign investment enterprises in the PRC. However,
there can be no assurance that future changes in the legislation or the
interpretation thereof will not have an adverse effect on the Company.

         (c) Change in tax laws and regulations. Various tax reform polices have
been implemented in the PRC in recent years. Interpretation of certain tax
policies is still awaiting guidance from the PRC government. Moreover, there can
be no assurance that the existing tax laws and regulations will not be revised
or amended in the near future.

                                       16
<PAGE>

         (d) Currency Risks. Changes in currency conversion policies in the PRC
Since 1998, the State Administration of Foreign Exchange of the PRC has
promulgated a series of circulars and rules in order to further enhance the
verification of the truthfulness of foreign exchange payment under the current
account items of a PRC enterprise and has imposed stricter requirements in
respect of borrowing and repayment of foreign exchange debts from and to foreign
creditors under the capital account items and creation of foreign security in
favor of foreign creditors. This may cause the Company to face a more
complicated procedure in foreign exchange payment to foreign creditors under the
current account items and thus will affect the restrictions on borrowing of
international commercial loans, creation of foreign security and borrowing of
Renminbi loans under guarantees in foreign currencies.

         Furthermore, the value of RMB is subject to supply and demand, which
could be largely affected by the international economic and political
environment. Potential investors should note that any fluctuations in the
exchange rate of RMB could have an adverse effect on the operational and
financial conditions of the Company.

         6. Dependence on Key Personnel. The success of the Company depends in
large part upon the continued successful performance of its current officers and
directors for the continued development, and operations of the Company. Although
the Company has employed, and will employ in the future, additional qualified
employees as well as retaining consultants having significant experience, if
current management and key personnel fail to perform any of their duties for any
reason whatsoever, the ability the Company to market, operate and support its
activities will be adversely affected. While the Company is located in areas
where the available pool of people is substantial, there is significant
competition for qualified personnel.

         7. Non-liquidity of the Shares. While the common shares of the Company
are currently quoted on the NASD OTC Bulletin Board market, the average daily
trading volume is relatively low and thereby any investor may encounter
illiquidity when trying to re-sell his shares.

         8. Penny Stock Regulation with Respect to the Underlying Shares.
Broker-dealer practices in connection with transactions in "penny stocks" are
regulated by certain penny stock rules adopted by the Securities and Exchange
Commission. Penny stocks generally are equity securities with a price of less
than $5.00 (other than securities registered on certain national securities
exchanges or quoted on the NASDAQ system). The penny stock rules require a
broker-dealer, prior to a transaction in a penny stock not otherwise exempt from
the rules, to deliver a standardized risk disclosure document that provides
information about penny stocks and the nature and level of risks in the penny
stock market. The broker-dealer also must provide the customer with current bid
and offer quotations for the penny stock, the compensation of the broker-dealer
and its salesperson in the transaction, and, if the broker dealer is the sole
market-maker, the broker-dealer must disclose this fact and the broker-dealer's
presumed control over the market, and monthly account statements showing the
market value of each penny stock held in the customer's account. In addition,
broker-dealers who sell such securities to persons other than established
customers and accredited investors (generally, those persons with assets in
excess of $1,000,000 or annual income exceeding $200,000 or $300,000 together
with their spouse), must make a special written determination that the penny
stock is a suitable investment for the purchaser and receive the purchaser's
written agreement to the transaction. Consequently, these requirements may have
the effect of reducing the level of trading activity in the secondary market for
a security that becomes subject to the penny stock rules. The underlying shares
are subject to the penny stock rules and investors in this Offering, upon
conversion of the Units may find it more difficult to sell their securities.

ITEM 7. FINANCIAL STATEMENTS

         The financial statements are included herein. The Company is not
required to provide supplementary financial information.

                                       17
<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of East Delta Resources Corp.
(formerly AVIC TECHNOLOGIES LTD.) (a development stage company)

We have audited the accompanying consolidated balance sheet of East Delta
Resources Corp. ("East Delta") (formerly AVIC TECHNOLOGIES LTD.) (a development
stage company), as of March 31, 2005, and the related consolidated statements of
operations, changes in stockholders' equity, and cash flows for the year ended
March 31, 2005, the three months ended March 31, 2004 and the period from March
4, 1999 (Inception) through March 31, 2005. These consolidated financial
statements are the responsibility of East Delta's management. Our responsibility
is to express an opinion on these consolidated financial statements based on our
audits.

The financial statements for the period March 4, 1999 (inception) through
December 31, 2003, were audited by another auditor whose reports expressed
unqualified opinions on those statements. The financial statements for the
period March 4, 1999 (inception) through December 31, 2003, include total
revenues and net loss of $0 and $971,289, respectively. Our opinion on the
statements of expenses, stockholders' equity, and cash flows for the period
March 4, 1999 (inception) through March 31, 2005, insofar as it relates to
amounts for prior periods through December 31, 2003, is based solely on the
report of other auditors.

We conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatements. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of East
Delta as of March 31, 2005 and the consolidated results of its operations and
its cash flows for the periods described in conformity with accounting
principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming
that East Delta will continue as a going concern. As discussed in Note 2 to the
consolidated financial statements, East Delta has suffered recurring losses from
operations and requires a significant amount of capital to proceed with its
business plan, which raises substantial doubt about its ability to continue as a
going concern. Management's plans regarding those matters are described in Note
2. The consolidated financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

Malone & Bailey, PC
www.malone-bailey.com
Houston, Texas

July 6, 2005



                                       18
<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and Stockholders of East Delta Resources Corp.
(formerly AVIC TECHNOLOGIES LTD.) (a development stage company)



We have audited the accompanying statements of operations, changes in
stockholders' equity, and cash flows of East Delta Resources Corp. ("East
Delta") (formerly AVIC TECHNOLOGIES LTD.) (a development stage company) for the
year ended December 31, 2003 and the period from March 4, 1999 (Inception)
through December 31, 2003. These financial statements are the responsibility of
the East Delta's management. Our responsibility is to express an opinion on
these financial statements based on our audit.

We conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the results of its operations and its cash flows for the
year then ended, in conformity with accounting principles generally accepted in
the United States of America.



Kingery, Crouse, & Hohl, P.A.
Tampa, Florida

March 8, 2004



                                       19
<PAGE>


                           EAST DELTA RESOURCES CORP.
                        (formerly AVIC Technologies Ltd.)
                          (A development stage company)
                           CONSOLIDATED BALANCE SHEET
                                 March 31, 2005


<TABLE>
<CAPTION>
                                     ASSETS
<S>                                                                                          <C>
Current assets:
         Cash                                                                                 $    835,183
                                                                                              ------------



                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
         Accounts payable and accrued liabilities                                             $     23,529
         Accounts payable - related parties                                                         47,000
                                                                                              ------------

Total Current Liabilities                                                                           70,529
                                                                                              ------------

Commitments                                                                                              -

Stockholders' equity
         Common stock, $0.0001 par value, 50,000,000
              shares authorized, 40,375,575 shares
              issued and outstanding                                                                 4,038
         Additional paid-in-capital                                                             12,176,745
         Deficit accumulated during the development stage                                      (11,416,129)
                                                                                              ------------

              Total stockholders' equity                                                           764,654
                                                                                              ------------

Total liabilities and stockholders' equity                                                    $    835,183
                                                                                              ============
</TABLE>






                 See accompanying summary of accounting policies
                       and notes to financial statements.


                                       20
<PAGE>


                           EAST DELTA RESOURCES CORP.
                        (formerly AVIC Technologies Ltd.)
                          (A development stage company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
        Year ended March 31, 2005, the Three months ended March 31, 2004,
     Year ended December 31, 2003 and Period from March 4, 1999 (Inception)
                             Through March 31, 2005



<TABLE>
<CAPTION>
                                             Year            Three months           Year                 Inception
                                            ended               ended               ended                 through
                                            March 31,           March 31,        December 31,            March 31,
                                             2005                2004               2003                  2005
                                             ----                ----               ----                  ----
<S>                                           <C>                  <C>                 <C>                  <C>
Revenues:
   Consulting                            $          -         $         -         $         -          $     86,544
   Other income                                     -                   -              10,000                20,000
                                         ------------         -----------         -----------          ------------

   Total revenues                                   -                   -              10,000               106,544
                                         ------------         -----------         -----------          ------------

Expenses:
   Officer and director
     compensation                             138,374              10,500              58,381               387,255
   Consulting and professional              4,833,820             300,750               6,906             5,573,235
   General and administrative               5,272,646               5,267              48,045             5,565,173
                                         ------------         -----------         -----------          ------------

   Total expenses                          10,244,840             316,517             113,332            11,525,663
                                         ------------         -----------         -----------          ------------

Operating loss                            (10,244,840)           (316,517)           (103,332)          (11,419,119)

   Interest income                                  -                   -                -                    5,390
   Interest expense                                 -                (150)             (1,050)               (2,400)
                                         ------------         ------------        -----------          ------------

Net loss                                 $(10,244,840)        $  (316,667)        $  (104,382)         $(11,416,129)
                                         ============         ===========         ===========          ============

Net loss per share
  Basic and diluted                     $      (0.34)        $     (0.02)          $  (0.01)

Weighted average shares
  outstanding
  Basic and diluted                        30,522,266          15,221,000          18,019,630
</TABLE>






                 See accompanying summary of accounting policies
                       and notes to financial statements.

                                       21
<PAGE>


                           EAST DELTA RESOURCES CORP.
                        (formerly AVIC Technologies Ltd.)
                          (A development stage company)
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
          Period from March 4, 1999 (Inception) Through March 31, 2005


<TABLE>
<CAPTION>

                                                                                            Deficit
                                                                                           Accumulated
                                       Common Stock          Additional                      During
                                       ------------           Paid-in     Subscription     Development
                                    Shares        Par         Capital       Receivable        Stage           Total
                                    ------        ---         -------       ----------        -----           -----
<S>                               <C>            <C>         <C>             <C>         <C>               <C>
Balance, March 4, 1999                     -     $    -      $          -    $     -     $          -      $          -
Shares issued
 - for cash                       10,778,000      1,078           232,333     (2,980)               -           230,431
 - for services                      843,000         84            84,216          -                -            84,300
Net loss                                   -          -                 -          -         (192,331)         (192,331)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, December 31, 1999        11,621,000      1,162           316,549     (2,980)        (192,331)          122,400
Shares issued
 - for services                      600,000         60            59,940          -                -            60,000
Collection on subscription                                                     2,980                -             2,980
Net loss                                   -          -                 -          -         (161,111)         (161,111)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, December 31, 2000        12,221,000      1,222           376,489          -         (353,442)           24,269
Shares issued
 - for services                    1,000,000        100            99,900          -                -           100,000
Net loss                                   -          -                 -          -         (164,782)         (164,782)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, December 31, 2001        13,221,000      1,322           476,389          -         (518,224)          (40,513)
Shares issued
 - for services                    2,000,000        200           222,800          -                -           223,000
Net loss                                   -          -                 -          -         (232,016)         (232,016)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, December 31, 2002        15,221,000      1,522           699,189          -         (750,240)          (49,529)
Shares issued
 - for services                    4,500,000        450           202,386          -                -           202,386
Cancellation of shares            (4,500,000)      (450)         (202,386)         -                -          (202,386)
Net loss                                   -          -                 -          -         (104,382)         (104,382)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, December 31, 2003        15,221,000      1,522           699,189          -         (854,622)         (153,911)
Common stock subscribed              100,000         10            11,990          -                -            12,000
Warrants issued for services               -          -           300,000          -                -           300,000
Net loss                                   -          -                 -          -         (316,667)         (316,667)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, March 31, 2004           15,321,000      1,532         1,011,179          -       (1,171,289)         (158,578)
Shares issued
 - to acquire Omega               11,366,250      1,137         4,886,350          -                -         4,887,487
 - for services                    6,569,575        657         3,085,585          -                -         3,086,242
Shares and warrants issued
 - for cash                        7,118,750        712         1,220,791          -                -         1,221,503
Warrants and options issued
 - for services                            -          -         1,972,840          -                -         1,972,840
Net loss                                   -          -                 -          -      (10,244,840)      (10,244,840)
                                  ----------     ------      ------------    -------     ------------      ------------

Balance, March 31, 2005           40,375,575     $4,038      $ 12,176,745    $     -     $(11,416,129)     $    764,654
                                  ==========     ======      ============    =======     ============      ============
</TABLE>


                 See accompanying summary of accounting policies
                       and notes to financial statements.


                                       22
<PAGE>


                           EAST DELTA RESOURCES CORP.
                        (formerly AVIC Technologies Ltd.)
                          (A development stage company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
        Year ended March 31, 2005, the Three months ended March 31, 2004,
     Year ended December 31, 2003 and Period from March 4, 1999 (Inception)
                             Through March 31, 2005


<TABLE>
<CAPTION>
                                                      Year          Three months         Year             Inception
                                                     ended            ended             ended            through
                                                     March 31,         March 31,       December 31,      Mar 31,
                                                      2005             2004              2003             2004
                                                      ----             ----              ----             ----
<S>                                               <C>               <C>               <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net loss                                     $(10,244,840)     $   (316,667)     $  (104,382)     $(11,416,129)
     Adjustments to reconcile net loss
     to cash used in operating activities:
         Stock issued for services                   7,816,042                 -                -         8,283,342
         Warrant / option expense                    1,972,840           300,000                -         2,272,840
         Changes in assets and liabilities:
           Accounts payable and
             accrued liabilities                       (97,273)           13,393          110,150            70,529
                                                  -------------     ------------     ------------      ------------

CASH USED IN OPERATING ACTIVITIES                     (553,231)           (3,274)           5,768          (789,418)
                                                  ------------      ------------     ------------      ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Advances to related party                               -           (28,000)               -           (53,000)
     Cash received from purchase of Omega
       with common stock                               157,687                 -                -           157,687
     Repayments from related party                      28,000                 -                -            53,000
                                                  ------------      ------------     ------------      ------------

CASH PROVIDED BY / (USED IN)
INVESTING ACTIVITIES:                                  185,687           (28,000)               -           157,687
                                                  ------------      -------------    ------------      ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from related party loan                        -            29,828                -            62,474
     Repayments of related party loan                  (34,828)                -           (5,000)          (62,474)
     Shares issued for cash, net of
       offering costs                                1,221,503            12,000                -         1,466,914
                                                  ------------      ------------     ------------      ------------

CASH PROVIDED BY FINANCING ACTIVITIES:               1,186,675            41,828           (5,000)        1,466,914
                                                  ------------      ------------     ------------      ------------

NET CHANGE IN CASH                                     819,131            10,554              768           835,183

     Cash, beginning of period                          16,052             5,498            4,730                 -
                                                  ------------      ------------     ------------      ------------

     Cash, end of period                          $    835,183      $     16,052     $      5,498      $    835,183
                                                  ============      ============     ============      ============


Cash paid for:
       Interest                                    $         -      $          -     $          -      $          -
       Income Taxes                                          -                 -                -                 -

</TABLE>


                See accompanying summary of accounting policies
                       and notes to financial statements.


                                       23
<PAGE>


                           EAST DELTA RESOURCES CORP.
                        (formerly AVIC Technologies Ltd.)
                          (A development stage company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 - NATURE OF OPERATIONS AND ACCOUNTING POLICIES

AVIC Technologies Ltd. was incorporated in Delaware on March 4, 1999. AVIC
initially intended to participate in the building industry in China and other
countries of Asia, however for various reasons, its business in China has
stagnated and therefore its Board has decided that it was in the best interests
of the stockholders to seek other opportunities.

On June 30, 2004, AVIC acquired all of the shares of Omega Resources,
Inc.("Omega") (formerly East Delta Resources Corp.) and changed its own name to
East Delta Resources Corp. ("East Delta"). See Note 4 for details.

Principles of Consolidation
---------------------------

The accompanying consolidated financial statements include the accounts of East
Delta, its wholly owned subsidiaries, Omega and Amingo Resources, Inc. and its
majority owned subsidiary, Guizhou Amingo Resources, Inc. ("Guizhou") which is a
Chinese Sino-foreign joint venture limited liability company. All significant
inter-company accounts and balances have been eliminated in consolidation. With
respect to East Delta's investments in Guizhou, East Delta has not presented a
minority interest in the accompanying consolidated financial statements because
its joint venture partners are not responsible for funding operating deficits.
If Guizhou generates positive results of operations in the future, the amount of
such income allocated to the minority members will be adjusted for previous
losses incurred by Guizhou to the extent that their minority interest balances
are positive.

Use of Estimates
----------------

The preparation of consolidated financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, the disclosure of contingent assets and
liabilities at the date of the consolidated financial statements, and the
reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates.

Reclassifications
-----------------

Certain amounts in the fiscal 2004, 2003 and the cumulative consolidated
financial statements have been reclassified to conform to the fiscal 2005
consolidated financial statement presentation.

Foreign Currency Translation
----------------------------

The consolidated financial statements are presented in United States dollars. In
accordance with Statement of Financial Accounting Standards No. 52, "Foreign
Currency Translation", foreign denominated monetary assets and liabilities are
translated to their United States dollar equivalents using foreign exchange
rates, which prevailed at the balance sheet date. Revenue and expenses are
translated at average rates of exchange during the year. Related translation
adjustments are reported as a separate component of stockholders' equity,
whereas gains or losses resulting from foreign currency transactions are
included in results of operations. Translation adjustments were not material for
the year ended March 31, 2005 and 2004.

                                       24
<PAGE>

Basic and Diluted Net Loss per Share
------------------------------------

The basic net loss per common share is computed by dividing the net loss by the
weighted average number of common shares outstanding. Diluted net loss per
common share is computed by dividing the net loss adjusted on an "as if
converted" basis, by the weighted average number of common shares outstanding
plus potential dilutive securities. For the year ended March 31, 2005 and the
three months ended March 31, 2004, potential dilutive securities had an
anti-dilutive effect and were not included in the calculation of diluted net
loss per common share.

Stock-Based Compensation
------------------------

East Delta accounts for stock-based compensation under the intrinsic value
method. Under this method, East Delta recognizes no compensation expense for
stock options granted when the number of underlying shares is known and exercise
price of the option is greater than or equal to the fair market value of the
stock on the date of grant. The following table illustrates the effect on net
loss and net loss per share if East Delta had applied the fair value provisions
of FASB Statement No. 123, Accounting for Stock-Based Compensation, to
stock-based employee compensation:

<TABLE>
<CAPTION>
                                                      Year ended        Three Months          Inception
                                                                            ended              through
                                                     March 31, 2005     March 31, 2004      March 31, 2005
                                                     --------------     --------------      --------------
<S>                                                   <C>                <C>                 <C>
Net loss as reported                                  $(10,244,840)      $  (316,667)        $(11,416,129)
  Add: stock based compensation
       determined under intrinsic
       value-based method                                   84,000                 -               84,000

  Less: stock based compensation
        determined under fair value -
        based method                                      (175,000)                -             (175,000)
                                                      ------------       -----------         ------------
Pro forma net loss                                    $(10,335,840)      $  (316,667)        $(11,507,129)
                                                      ============       ===========         ============
Basic and diluted net loss per common share:
As reported                                          $      (0.34)      $     (0.02)                  N/A
Pro forma                                                   (0.34)            (0.02)                  N/A
</TABLE>

The weighted average fair value of the stock options granted during fiscal 2005
was $0.25. Variables used in the Black-Scholes option-pricing model include (1)
2% risk-free interest rate, (2) expected option life 5 years end, (3) expected
volatility is 123.10% and (4) zero expected dividends.

Cash and cash equivalents
-------------------------

For purposes of the statements of cash flows, cash equivalents include all
highly liquid investments with original maturities of three months or less.

Income Taxes
------------

Income tax expense is based on reported earnings before income taxes. Deferred
income taxes reflect the impact of temporary differences between assets and
liabilities recognized for consolidated financial reporting purposes and such
amounts recognized for tax purposes, and are measured by applying enacted tax
rates in effect in years in which the differences are expected to reverse.

                                       25
<PAGE>

Recently Issued Accounting Pronouncements
-----------------------------------------

In December 2004, the FASB issued SFAS No.123R, "Accounting for Stock-Based
Compensation". SFAS No.123R establishes standards for the accounting for
transactions in which an entity exchanges its equity instruments for goods or
services. This Statement focuses primarily on accounting for transactions in
which an entity obtains employee services in share-based payment transactions.
SFAS No.123R requires that the fair value of such equity instruments be
recognized as expense in the historical financial statements as services are
performed. Prior to SFAS No.123R, only certain pro forma disclosures of fair
value were required. SFAS No.123R shall be effective for small business issuers
as of the beginning of the first interim or annual reporting period that begins
after December 15, 2005. While East Delta has not issued any option to employees
recently, the adoption of this new accounting pronouncement is not expected to
have a material impact on the financial statements of East Delta during fiscal
year 2006.

East Delta does not expect the adoption of any other recently issued accounting
pronouncements to have a significant impact on their consolidated financial
position, results of operations or cash flow.


NOTE 2 - GOING CONCERN

East Delta is in the development stage and will require a significant amount of
capital to proceed with its business plan. East Delta's ability to continue as a
going concern is ultimately contingent upon its ability to attain profitable
operations through the successful development of its business model and/or the
integration of an operating business. East Delta's ability to continue as a
going concern must also be considered in light of the problems, expenses and
complications frequently encountered by entrance into established markets and
the competitive environment in which it operates. As shown in the accompanying
consolidated financial statements, East Delta incurred recurring net losses of
$10,244,840 in fiscal 2005 and has an accumulated deficit of $11,416,129 as of
March 31, 2005.

These conditions raise substantial doubt as to East Delta's ability to continue
as a going concern. Management's plans include obtaining additional capital
through debt or equity financing. The consolidated financial statements do not
include any adjustments that might be necessary if East Delta is unable to
continue as a going concern.


NOTE 3 - INCOME TAXES

East Delta uses the liability method, where deferred tax assets and liabilities
are determined based on the expected future tax consequences of temporary
differences between the carrying amounts of assets and liabilities for financial
and income tax reporting purposes. During fiscal 2005, 2004 and 2003, East Delta
incurred net losses and, therefore, has no tax liability. The net deferred tax
asset generated by the loss carry-forward has been fully reserved. The
cumulative net operating loss carry-forward is approximately $657,000 at March
31, 2005, and will expire in the years 2019 through 2025.

                                       26
<PAGE>

At March 31, 2005, deferred tax assets consisted of the following:

                  Deferred tax assets
                    Net operating losses                      $     224,000
                    Less: valuation allowance                      (224,000)
                                                              -------------
                  Net deferred tax asset                      $           -
                                                              =============

NOTE 4 - PURCHASE OF OMEGA

On June 30, 2004, East Delta acquired 100% of the outstanding membership
interests of Omega. Omega was initially incorporated in the state of Delaware
and intended to engage in the business of gold exploration, development and
production in China. Through the acquisition of Omega, East Delta has entered
China for its mineral exploration business.

The aggregate purchase price was 11,366,250 shares of East Delta's common stock
valued at $4,887,487, which has been expensed during fiscal 2005. The value of
the 11,366,250 common shares issued was determined based on the market price of
East Delta's common shares on the date of the acquisition.

Since Omega remained a development stage company from its inception through the
date of the acquisition, there are no operation to date, and since at the time
of the acquisition its management team consisted of its principal assets, the
transaction has not been accounted for as a business combination, but rather as
a purchase of the net assets acquired.

NOTE 5 - RELATED PARTY TRANSACTIONS

In 2003, East Delta rented its office space from one stockholder under a month
to month lease arrangement that required monthly consideration of $3,500 (or
$42,000 for the year, which amount represented total rent expense for the year).

During the year ended December 31, 2003, East Delta recognized $58,380 of
officer and director compensation. The 2003 compensation was not paid as of such
year end; accordingly it was included in accrued and other liabilities as of
such date. This amount represented the fair value of the services provided to us
by East Delta's officers in 2003.

During the year ended March 31, 2005, East Delta issued 30,000 shares of its
common stock, valued at $11,100 and 500,000 warrants, valued at $60,000 to
purchase common shares to its President as consideration for services rendered
during the year.

In October 2004, East Delta granted 200,000 warrants to its non-employee
directors, which entitle them to purchase a like number of its common shares for
a price of $.20 per share at anytime through October 31, 2007. The warrants
represent consideration for services provided during the quarters ended December
31, 2004 and March 31, 2005. The warrants had an estimated intrinsic value of
$24,000 on the grant date, and accordingly, East Delta has recognized $24,000 of
stock based compensation expense in the accompanying statements of operations.

At March 31, 2005, East Delta owed it stockholders (one of whom is currently the
President and a Director) approximately $47,000 for services rendered and
expenses incurred. These amounts are unsecured, non-interest bearing and due on
demand.

NOTE 6- COMMON STOCK

From inception through December 31, 2003:
         - East Delta issued 4,443,000 shares of common stock to consultants for
         their services. The shares were valued and recorded at $467,300.

         - East Delta sold 10,778,000 shares of common stock for cash of
         $233,411.

         - East Delta issued a total of 3,000,000 shares to two related
         individuals (one of whom is currently East Delta's President and
         Director) and 1,500,000 shares to a non-related entity for various
         services and rent to be performed and/or provided in 2003. Pursuant to
         the agreement between the parties, the shares were canceled in October
         2003 because East Delta failed to consummate a merger transaction by
         September 30, 2003. As a result, during the year ended December 31,
         2003, no expense resulted from these share issuances.

During the three months ended March 31, 2004:
         - East Delta sold 100,000 shares of common stock for cash of $12,000.

                                       27
<PAGE>

During the year ended March 31, 2005:

         - East Delta acquired 100 percent of the outstanding common shares of
         Omega, in exchange for the issuance of 11,366,250 shares of East
         Delta's common stock. These shares were valued at $4,887,487 based on
         the market price of East Delta's common shares on the date of the
         acquisition. See Note 4 for details. The purchase included cash of
         $157,687 and the balance is shown as compensation expense in the
         current year.

         - East Delta issued 6,569,575 shares of common stock to consultants for
         their services. The shares were valued and recorded at $3,086,242.

         - East Delta sold 7,118,750 shares of common stock and 1,940,000
         warrants to purchase common stock to several investors for total
         proceeds of $1,221,503. The relative fair value for the warrants is
         $285,275.


NOTE 7 - WARRANTS AND OPTIONS

During the three months ended March 31, 2004, East Delta granted several
consultants 3,000,000 warrants to purchase East Delta's common stock. These
warrants are exercisable immediately at $.10 and expire on January 31, 2009. The
fair value of these warrants was $300,000 which has been expensed.

During fiscal 2005:
- East Delta granted its President 500,000 options to purchase East Delta's
common stock. These options are exercisable immediately at $.20 and expire in
October 2007. The intrinsic value of these options was $60,000 which has been
expensed.

- East Delta granted several consultants 7,840,500 warrants to purchase East
Delta's common stock. These warrants are exercisable immediately at the
following exercise prices: 5,200,000 shares at $.2, 200,000 shares at $.3,
1,288,000 shares at $.4, 500,000 shares at $.5, 452,500 shares at $.6 and
200,000 shares at $.75. These warrants expire in the period July 2007 through
February 2010. The fair value of these warrants was $1,912,840 which has been
expensed.

During 2005, East Delta also granted several investors 1,940,000 warrants
associated with the sale of East Delta's common stock. These warrants are
exercisable immediately at the following exercise prices: 1,700,000 shares at
$.5 and 240,000 shares at $.75. These warrants expire in the period October 2007
through February 2010. The relative fair value of these warrants was $285,275.

Summary information regarding options and warrants is as follows:

<TABLE>
<CAPTION>
                                                                            Weighted                            Weighted
                                                                             Average                             Average
                                                                            Exercise                            Exercise
                                                            Options            Price           Warrants            Price
                                                          ---------         --------         ----------         --------
<S>                                                        <C>             <C>              <C>                <C>
Three months ended March 31, 2004:
  Granted                                                         -         $      -          3,000,000         $   0.10
                                                          ---------         --------         ----------         --------
Outstanding at March 31, 2004                                     -                -          3,000,000             0.10

Year ended March 31, 2005:
  Granted                                                   500,000              0.2          9,780,500             0.35
                                                          ---------         --------         ----------         --------
Outstanding at March 31, 2005                               500,000         $    0.2         12,780,500         $   0.29
                                                          =========         ========         ==========         ========
</TABLE>

                                       28
<PAGE>

Options and warrants outstanding and exercisable as of March 31, 2005:

<TABLE>
<CAPTION>
Exercise                 Remaining               Options               Options           Warrants               Warrants
Price                         Life           Outstanding           Exercisable        Outstanding            Exercisable
--------                 ---------           -----------          ------------        -----------           ------------
<C>                        <C>                   <C>                   <C>              <C>               <C>
$0.20                      5 years               500,000               500,000                  -                      -
 0.10                      3 years                     -                     -          3,000,000              3,000,000
 0.20                      3 years                     -                     -          5,200,000              5,200,000
 0.30                      3 years                     -                     -            200,000                200,000
 0.40                      4 years                     -                     -          1,288,000              1,288,000
 0.50                      2 years                     -                     -          2,200,000              2,200,000
 0.60                      5 years                     -                     -            452,500                452,500
 0.75                      5 years                     -                     -            440,000                440,000
                                             -----------          ------------        -----------           ------------
                                                 500,000               500,000         12,780,500             12,780,500
                                             ===========          ============        ===========           ============
</TABLE>


NOTE 8 - INVESTMENTS IN JOINT VENTURES IN CHINA - GUIZHOU AMINGO RESOURCES, INC.
AND LETTERS OF INTENT

In February 2004, Amingo signed a Joint Venture Contract with the provincial and
county governments of Guizhou Province and Jinping County, respectively, to
explore and mine gold within their territories. Under the terms of the
agreement, Amingo acquired rights to develop a 72 square kilometer property in
the county, and Amingo is eligible to earn up to 84% of the net revenues
extracted from this particular property. In early May, 2004 the Guizhou
Provincial Industrial and Commercial Administrative Bureau had approved the
"Joint Venture" for Guizhou Amingo Resources Inc. The success of this venture is
fully dependant on Amingo's obtaining the necessary financing, and no assurances
can be given that sufficient funding will be found, and even if such funding is
located, that the venture will result in any viable ore bodies being uncovered
and profitably mined. As of September 30, 2004, East Delta's Chinese Joint
Venture, operating under the name Guizhou Amingo Resources Inc., received its
business license, valid for a period of twenty years.

With respect to such financing, Amingo has agreed to contribute $1,000,000 to
fund Guizhou's early stage preliminary exploration activities. As of March 31,
2005 Amingo has paid $600,000 of this amount and the remaining $400,000 must be
funded by December 31, 2005. Amingo also contributed approximately $150,000,
which is to be used for activities outside of the Joint Venture and accordingly,
Amingo's net investments in the Joint Venture in China are approximately
$750,000 at March 31, 2005. During the year ended March 31, 2005, Amingo
recognized $33,183 loss from Guizhou.


NOTE 9 - COMMITMENTS

On April 1, 2004, East Delta entered into a two-year agreement with a
consultant. As consideration for services rendered, East Delta has agreed to pay
the consultant a total of $250,000 over the term of the agreement as follows:

Amount paid in January 2005                     $      70,000
Amount due on June 1, 2005                             70,000
Amount due on December 1, 2005                         60,000
Amount due on May 1, 2006                              50,000
                                                -------------

Total                                           $     250,000
                                                =============

East Delta uses office space provided by a director rent free under an oral
agreement on a month to month basis.

                                       29
<PAGE>


NOTE 10 - SUBSEQUENT EVENTS

Effective October 25, 2004, Amingo Resources Inc. signed a letter of intent with
the Huaqiao Mining Co. that gives East Delta the right to purchase up to 70% of
Huaqiao's gold project in Jinping County, Guizhou Province, in Eastern China.
The Huaqiao gold project consists of an existing gold mine and additional
exploration permits covering 10 square kilometers on the northeast side of the
mine. This gold mine has operated for a period almost twenty years in a small
area of about 0.6 square kilometers producing approximately 10,000 to 20,000
ounces of gold per year. Subsequent to March 31, 2005, we entered into a
definitive agreement with this company whereby we acquired 73% of their gold
project for consideration of $480,000.

On April 8, 2005, East Delta incorporated a wholly owned Chinese subsidiary,
under the name Guiyang High Tech Meiya Investment Ltd.

On April 11, 2005 East Delta incorporated a subsidiary in Delaware, under the
name Sino-Canadian Metals Inc.

In May 2005, East Delta signed a promissory note agreement and borrowed $300,000
with one of its directors. This loan is due in August 2005 and bears interest at
1% per month.

On June 11, 2005 East Delta signed an agreement to enter into a joint venture,
through its subsidiary, Sino-Canadian Metals Inc., with a Chinese mining entity,
Qinghai Jiahua Metal Development Co. Ltd. ("QJMD"). Under the terms of the
agreement, the newly formed joint venture is to acquire all the exploration and
production permits owned by QJMD related to the Yuanshishan Nickel-Iron-Cobalt
deposit located in Ping'an County, Qinghai Province, northwest China. The
agreement gives Sino-Canadian the exclusive right to earn up to 80% of this
project, subject to an immediate investment of $300,000 into the joint venture.
The funds are to be used to confirm the profitability and reserves of the
property. Further, the agreement requires that East Delta assume the
responsibility of raising all funding necessary to bring the property to the
production stage.

During the quarter ending June 30, 2005, East Delta sold 406,417 common shares
for cash consideration of $213,850. Also, during this quarter, East Delta issued
425,500 shares to its consultants for their services.


                                       30
<PAGE>


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

         On June 10, 2005, our Board of Directors approved the retention of the
firm Malone-Bailey of Houston Texas as our principal independent auditors. firm
Malone-Bailey will audit the Company's annual consolidated financial statements
and review the Company's quarterly consolidated financial statements. In
compliance with the Securities Exchange Act of 1934, as amended, a Form 8-K was
filed to that effect on July 12, 2004. Effective June 10, 2005, the firm of
Kingery & Crouse P.A. resigned as our auditors.

         In preparing for the audit of the Company's fiscal 2005 statements, the
Company's new auditor, Malone & Bailey PC, raised some questions regarding how
the Company had treated the June 30, 2004 acquisition of Omega resources Inc.
(fka East Delta Resources Corp.). These concerns were brought to the attention
of the Company's Board of Directors on July 14, 2005. The Board promptly
contacted its previous auditors to review the issue. The Board also requested
that its new and old auditors discuss the issue and advise the Board of any
conclusions they reach. On July 19, 2005, the Board was advised that both sets
of auditors had agreed that the accounting treatment was in error and that the
historical financial statements covering the periods June 30, 2004, September
30, 2004 and December 31, 2004 should be restated. On July 20, 2005 the Board
convened in a special emergency session and determined to follow the advice of
the auditors and authorized the filing of this report and the restatement of the
affected historical financial statements.

         It is anticipated that the restatements would have the effect of
reclassifying the acquisition from a reverse merger to a business combination
accounted for as a purchase.

         The restatement would increase the Company's expenses and net loss for
the periods, [but would not affect the Company's revenue]. Based on its
preliminary review of the effects of the reclassification, the Company
anticipates that any impact on the fiscal 2005 results described in this release
is not likely to be material, but such estimate is preliminary and the amount,
if any, of such adjustment will be finally determined upon the conclusion of the
review described above of the March 31, 2005 financials.

         As a result of the Company's restatement of its consolidated financial
statements as discussed above, the financial statements included in the
Company's Quarterly Reports on Form 10-QSB for the quarters ended June 30, 2004,
September 30, 2004 and December 31, 2004 should no longer be relied upon. The
Company intends to file Forms 10-QSB/A with restated consolidated financial
statements with respect to such periods as soon as practical, but will not file
such amendments until after it files its currently due Annual report on Form
10-KSB for the fiscal year ended March 31, 2005, which it intends to do shortly.


                                       31
<PAGE>


ITEM 8A. CONTROLS AND PROCEDURES

         The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in the Company's
Exchange Act reports is recorded, processed, summarized and reported within the
time periods specified in the SEC's rules and forms, and that such information
is accumulated and communicated to the Company's management, including its Chief
Executive Officer and when hired, to the Chief Financial Officer, to allow
timely decisions regarding required disclosure based closely on the definition
of "disclosure controls and procedures" in Rule 13a-14c. In designing and
evaluating the disclosure controls and procedures, management recognizes that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives,
and management necessarily was required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures.

         Within 90 days prior to the date of this report, the Company carried
out an evaluation, under the supervision and with the participation of the
Company's management, including the Company's Chief Executive Officer of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures. Based on the forgoing, the Company's Chief Executive Officer
concluded that the Company's disclosure controls and procedures were effective.

ITEM 8B.  OTHER INFORMATION

Recent Acquisition

         East Delta Resources Corp. through its wholly owned Chinese subsidiary,
Guiyang High Tech Meiya Investment Ltd. has signed a definitive agreement with
Huaqiao Gold Mines to acquire a majority interest in the latter's producing gold
mine in Guizhou province in China.

         The agreement with Huaqiao Gold Mines calls for the two companies to
form a Joint Venture company that will own, operate, and further develop the
Huaqiao gold mine.

         Under the terms of the agreement, Guiyang will own 77.5% of the JV
company and will be required to inject $500,000 over the next three months,
while Huaqiao will transfer complete ownership of all assets and permits related
to the mine to the new entity. In addition, the JV will acquire rights to
explore and mine an additional one sq. km. of prospective land situated to the
NE side of the existing mine.

         The Huaqiao gold property is located in the SE part of Guizhou province
lying within the Hunan-Guizhou gold belt. The existing mine has been operating
and mining gold for about 10 years producing more than 5 tonnes of gold to date.
In the last two years, the mine generated a total of 20,000 ounces.

                                       32
<PAGE>

         Within the property, seven independent ore zones at varying depth
levels have been identified. Currently, most mining activity is confined to the
fourth level. Data supplied to EDLT by Huaqiao indicate a remaining resource
estimated at approximately 275,000 oz. of gold with the ore averaging 7.35 g/t,
and an extraction cost of under $225 per ounce. We have as yet to independently
verify their reserve claims.

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS, COMPLIANCE
WITH SECTION 16(A) OF THE SECURITIES ACT


Name                   Age           Position

Victor Sun             62            President, CEO and Director
Louis Ladouceur        63            Director


Officers and Directors

During the year ending March 31, 2005, Mr. Louis Ladouceur was appointed to the
Board of Directors.

Victor I. H. Sun, Director, will be acting as President and Chief Executive
Officer until a permanent replacement can be found.

Mr. Victor Sun,  President and Director

            Mr. Sun is a Professional Engineer with over 30 years of engineering
and management experience. Mr. Sun was with Lafarge Cement for 15 years, from
August 1971 to September 1986, where he directed the design of control and
automation systems for all new and rehabilitation projects. In the late 1970's,
he initiated the cement consulting market in China for Lafarge Consultants with
the Fa Yuan project and established a co-operative relationship with a major
cement design and research institute in China. He worked for Monenco Agra from
Sept 1987 to August 1997 as the instrumentation discipline engineer of the
Hibernia Off-Shore Platform Project. From 1996 to 1999, he served as Vice
President of Asia Pacific Concrete Inc. (Calgary exchange: symbol AFI), of
Calgary, Alberta, a business involved in the development with Chinese partners
of cement and concrete projects in China. (The name was changed to IVG
Corporation in 2002 & the new symbol is IVE.V). His experience in developing
business with China's cement industry dates back 24 years while being employed
by Lafarge. Since helping establish the China Pacific Industrial
Corporation(CPIC), a private investment company with holdings in Canada and
China, he has continued to establish relations with contacts in China and has
been instrumental in developing CPIC's potential joint venture projects.

                                       33
<PAGE>

Louis Ladouceur,  Director

         Mr. Ladouceur is the President and CEO of Delta Placement, a private
investment company in the international hospitality and related consulting
business. He is an engineer by profession and has managed engineering projects
in the cement industry for over 25 years. He held various executive and senior
management positions in Lafarge and was the former Director of LCA (Lafarge
Consultant Automation), being responsible for the overall operation and business
development of LCA, providing automation advice, consulting services and
"turn-key" systems to all Lafarge's North American cement plants and outside
clients. His working experience in the engineering, financing and management
practice has helped him develop many new approaches to running a company. Mr.
Ladouceur also was the President and CEO of Sino-Canadian Resources Inc., an
NASD Bulletin Board company that in 1996 undertook to develop gold and other
mineral properties in China. Due to unfavorable precious metals market at that
time, Sino-Canadian was sold to another company.

         Directors serve until not re-elected at an annual meeting of
shareholders.

Section 16(a) Beneficial Ownership Reporting Compliance

      Section 16 (a) of the Securities Exchange Act of 1934 requires the
Company's officers, directors and beneficial owners of more than ten percent of
any class of Company's equity securities, to file reports of ownership and
changes in ownership with the Securities and Exchange Commission. Officers,
directors and beneficial owners of more than ten percent are required by SEC
regulation to furnish the Company with copies of all Section 16(a) forms they
file. During the fiscal year ending March 31, 2005, we became aware that 2
Directors, Mr. Victor Sun and Mr. Louis Ladouceur failed to make timely filings
on Form 4 to report shares that they received through our acquisition of Omega
Resources. This as been rectified as the requisite Forms 4 have been filed . We
have taken steps and implement procedures to forestall any recurrence of these
oversights.

            Section 145 of the Delaware General Corporation Law, as amended,
authorizes the Company to indemnify any director or officer under certain
prescribed circumstances and subject to certain limitations against certain
costs and expenses, including attorney's fees actually and reasonably incurred
in connection with any action, suit or proceeding, whether civil, criminal,
administrative or investigative, to which a person is a party by reason of being
a director or officer of the Company if it is determined that such person acted
in accordance with the applicable standard of conduct set forth in such
statutory provisions. The Company's Certificate of Incorporation contains
provisions relating to the indemnification of director and officers and the
Company's By-Laws extends such indemnities to the full extent permitted by
Delaware law.

         The Company may also purchase and maintain insurance for the benefit of
any director or officer that may cover claims for which the Company could not
indemnify such persons.

                                       34
<PAGE>

Code Of Business Conduct And Ethics For East Delta Resources and its
Subsidiaries

            The Company and all its subsidiaries have adopted a formal code of
ethics that applies to our principal executive officer and principal accounting
officer. Our Code of Ethics is attached as an exhibit to this filing and a copy
of the Code will be delivered, free of charge, to any shareholder requesting a
copy.


ITEM 10. EXECUTIVE COMPENSATION

                           SUMMARY COMPENSATION TABLE


Name and
Principal Position                         Other      Long-term
Compensation: Options       Year (1)       Salary       Bonus       Compensation
---------------------       --------       ------       -----       ------------


Victor I. H. Sun           $ 6,000         none         none         none
President & CEO)

         Our President's salary is currently set at $24,000 per year. During the
year ended March 31, 2005, we issued him 30,000 shares of our common stock and
500,000 warrants to purchase common shares as consideration for services
rendered during the year ended December 31, 2004.

(c) Options/SAR Grants Table

         None.

(d) Aggregated Option/SAR Exercises and Fiscal Year End Option/SAR Value Table

         None.

(e) Long Term Incentive Plan ("LTIP") Awards Table

         None.

(f) Compensation of Directors

         Directors are to receive, each, a sum of US$1,000 honorarium for each
attendance at a Board of Directors meeting, plus an annual stipend of $2,000 to
cover expenses. As at March 31, 2005, none of the above honorarium has been
paid.

(g) Employment Contracts and Termination of Employment, and Change-in-Control
Arrangements

         None.

                                       35
<PAGE>

 (h) Report on Re-pricings of Options/SARs

         None.

Compliance with Section 16(a) of the Securities Exchange Act of 1934

         Section 16(a) of the Securities Exchange Act of 1934 requires the
Company's officers and directors, and persons who own more than ten percent of a
registered class of the Company's equity securities, to file reports of
ownership and changes in ownership with the Securities and Exchange Commission.

         Officers, directors and greater-than-ten-percent shareholders are
required by SEC regulation to furnish the Company with copies of all Section
16(a) forms they file. During the fiscal year ending March 31, 2005, all the
directors and officers filed the requisite Forms 3 and Forms 4.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS.

         The following table sets forth information as of March 31, 2005
regarding the beneficial ownership of the Company's Common Stock, $0.0001 par
value, as of the date hereof and after the Offering by (i) each person known by
the Company to own beneficially more than five percent of the Company's
outstanding shares of Common Stock, (ii) each director and executive officer of
the Company who owns shares and (iii) all directors and executive officers of
the Company as a group. Unless otherwise indicated, all shares of Common Stock
are owned by the individual named as sole record and beneficial owner with
exclusive power to vote and dispose of such shares. None of the people listed
below owns any other securities of the Company. There are no arrangements which
may result in a change in control of the Company.

     Name                                    Number of
                                             shares owned
                                             beneficially           % of total
                                             -------------          ----------

Annette Shaw                                 4,700,000                 11.6

Felix Furst (1)                              3,790,000                  9.4

Victor Sun                                   1,851,000                  4.6

Louis Ladouceur                              1,460,000                  3.6

All Directors and Officers                   2,311,000                  8.2

                                       36
<PAGE>

     (1)  Subsequent to the year end, Mr. Felix Furst was appointed a director
          of the Company. Mr. Furst's share are held by his company F. Furst
          Enterprises Ltd.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         This section should be read in conjunction with Note 5 of the financial
statements.

         During the year ended March 31, 2005, our Predecessor reduced the
amount of space rented and entered into a one-year lease agreement with our
landlord, who is a member of the our Board. As consideration for rent during the
year ended March 31, we are obligated to issue 60,000 shares of our common
stock.

         During the year ended March 31, 2005, we issued 30,000 shares of our
common stock to our President and 500,000 warrants to purchase common shares as
consideration for services rendered during the year. We believe this amount
represents the fair value of services provided to us by our President during
this period.

         In October 2004, we granted 700,000 warrants to our directors
(including 500,000 to our President mentioned earlier), which entitle them to
purchase a like number of our common shares for a price of $.20 per share at
anytime through October 31, 2007. The warrants represent consideration for
services provided during the quarters ended December 31, 2004 and March 31,
2005.

         At March 31, 2005, accrued and other liabilities includes approximately
$47,000 owed to other stockholders (one of whom is currently our President and
Director) for services rendered and expenses incurred. The amounts are
unsecured, non-interest bearing and due on demand.

ITEM 13.  EXHIBITS

(a) List of exhibits

<TABLE>
Exhibit No.    Description                                           Location
------------------------------------------------------------------------------------
<S>           <C>                                                    <C>
21             List of Subsidiaries                                  Provided herein
31.1           Certification Pursuant to Section 302                 Provided herein
32.1           Certification Pursuant to 18 U.S.C. Section 1350      Provided herein
99.1           Code of business conduct and ethics                   Provided herein
99.2           Joint Venture Agreement with Huaqiao Gold Mine        Provided herein
</TABLE>

                                       37
<PAGE>

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Fees Billed by our Auditors Fiscal Years 2005 and 2004

         During the fiscal years ended March 31, 2005 and March 31, 2004,
Kingery & Crouse P.A. of Tampa Florida provided various audit and audit related
services to East Delta Resources. The fees associated with those services are as
follows:

                               March 31, 2005       March 31, 2004
                               --------------       --------------

Audit fees (1)                   $ 11,658              $ 7,100


     (1)  The Board of Directors has determined that the fees received by
          Kingery & Crouse P.A. for professional services are compatible with
          maintaining Kingery & Crouse's independence.


         During the fiscal years 2005 and 2004, no fees were paid to
Malone-Bailey PC.

                                       38
<PAGE>


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant caused this registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized.

Date:    August 8, 2005                  By: /s/ Victor I.H.Sun
                                             --------------------------
                                             Victor I.H.Sun
                                             President, Chief Operating Officer,
                                             Chief Financial Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

/s/ Victor I.H.Sun                                      Date:    August 8, 2005
--------------------------------
Victor I.H.Sun, Director

/s/ Louis Ladouceur                                     Date:    August 8, 2005
--------------------------------
Louis Ladouceur, Director


                                       39