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

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

                   For the nine months ended December 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 [X] 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: $28,422,276.

As of June 14, 2006, the Registrant had 45,509,842 shares of its Common Stock
outstanding.



<PAGE>


                              INDEX TO FORM 10-KSB
                FOR THE TRANSITION PERIOD ENDED DECEMBER 31, 2005

                                     PART I

<TABLE>
<S>               <C>                                                                       <C>
                                                                                              PAGE


ITEM 1.           DESCRIPTION OF BUSINESS                                                        3

ITEM 2.           DESCRIPTION OF PROPERTY                                                        8

ITEM 3.           LEGAL PROCEEDINGS                                                              8

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                            8

                                     PART II

ITEM 5.           MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND
                  SMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES                           9

ITEM 6.           MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS                    9

ITEM 7.           FINANCIAL STATEMENTS                                                           14

ITEM 8.           CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
                  AND FINANCIAL DISCLOSURE                                                       28

ITEM 8A.          CONTROLS AND PROCEDURES                                                        28

ITEM 8B.          OTHER INFORMATION                                                              28

                                    PART III

ITEM 9.           DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
                  COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT                              29

ITEM 10.          EXECUTIVE COMPENSATION                                                         30

ITEM 11.          SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                  AND RELATED STOCKHOLDERS MATTERS                                               31

ITEM 12.          CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                                 31

ITEM 13.          EXHIBITS                                                                       31

ITEM 14.          PRINCIPAL ACCOUNTANTS FEES AND SERVICES                                        31

SIGNATURES                                                                                       32

EXHIBITS
</TABLE>



                                       2
<PAGE>

PART I

THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A "SAFE HARBOR"
FOR FORWARD-LOOKING STATEMENTS. This Form 10-KSB contains statements that are
not historical facts. These statements are called "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve important known
and unknown risks, uncertainties and other factors and can be identified by
phrases using "estimate," "anticipate," "believe, " project," "expect,"
"intend," "predict," "potential," "future," "may," "should" and similar
expressions or words. Our future results, performance or achievements may differ
materially from the results, performance or achievements discussed in the
forward-looking statements. There are numerous factors that could cause actual
results to differ materially from the results discussed in forward-looking
statements, including:

o       Changes in existing laws or the introduction of new laws, regulations or
policies that could affect our business practices: these laws, regulations or
policies could impact our industry as a whole, or could impact only those
portions in which we are currently active.
o       Changes in economic conditions, including changes in interest rates,
financial market performance and our industry: these types of changes can impact
the economy in general, resulting in a downward trend that impacts not only our
business, but all companies with which we compete; or, the changes can impact
only those parts of the economy upon which we rely in a unique fashion.
o       Changes in government regulations: these regulations could have a
negative impact on our earnings; for example, laws that could increase our costs
of operations.
o       Changes in relationships with major customers and/or suppliers: an
adverse change in our relationships with major customers and/or suppliers would
have a negative impact on our earnings and financial position.
o       Armed conflicts and other military actions: the considerable political
and economic uncertainties resulting from these events, could adversely affect
our order intake and sales, particularly in the insurance market.
o       Factors that we have discussed in previous public reports and other
documents filed with the Securities and Exchange Commission.

This list provides examples of factors that could affect the results described
by forward-looking statements contained in this Form 10-KSB. However, this list
is not intended to be exhaustive; many other factors could impact our business
and it is impossible to predict with any accuracy what factors could result in
which negative impacts. Although we believe that the forward-looking statements
contained in this Form 10-KSB are reasonable, we cannot provide you with any
guarantee that the anticipated results will be achieved. All forward-looking
statements in this Form 10-KSB are expressly qualified in their entirety by the
cautionary statements contained in this section and you are cautioned not to
place undue reliance on the forward-looking statements contained in this Form
10-KSB. In addition to the risks listed above, other risks may arise in the
future, and we disclaim any obligation to update information contained in any
forward-looking statement.

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.

In June of 2004, we acquired all the assets of a Delaware mining enterprise, as
described below, and took on its name and 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 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/merger
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. and its then subsidiary Amingo Resources.


                                       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.

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 to medium sized 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.

Accomplishments and Activities to-date

Prior to the acquisition and re-naming, EDLT 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 85 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 further 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 at April 2006, we have raised approximately $3,000,000 to finance our
operations. During 2004 and 2005 we invested approximately $1,400,000 in the
Guizhou Amingo JV and China, thereby satisfying all but $150,000 of the
requirements of our JV agreement with the Chinese authorities as well as having
additional funds for mining activities in the region. Also, during the past two
years we have assembled an effective and experienced geological team to guide
the exploration and development of our Chinese 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.

                                       4
<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 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

As indicated above, the Company (through its subsidiary, Amingo Resources) holds
a 70% equity interest in this vast property covering an area of approximately 85
square kilometers of a turbidite-hosted gold quartz vein type situated in
Jinping County.

Geological Setting - Bake-Jiaoyun Deposits

The Bake-Jiaoyun project is located about 14 kilometers south of the Town of
Jinping with access on a paved, year-round drivable road. The geographic
co-ordinates of the property are Latitude 109 6'45" to 109 15'00" E, Longitude
26 30'00" to 26 37'3".

The exposed bedrock in this property are from the Quigshuiliangi Formation
consisting of meta-tuff, meta-greywacke, meta-sandstone and slate and is
subdivided in 2 sections with a thickness of about 3700 meters. The gold bearing
quartz veins which are mostly concordant type, are located in the hinge zone of
the anticline in the first unit of section 2 of the Quigshuiliangi Formation
(Pt3xjQ2-1, on the map). The fault intersecting this hinge fold contains gold
bearing quartz veins. In this mine, both stockwork and disseminated gold
mineralization has been found.

Further, the property sits on the Wenjiang anticline and Wenjiang shear zone
containing the Bake and Jiaoyun showings (see figure 9 in map section). The Bake
area is known to contain 18 quartz veins with visible gold in the quartz veins
and in 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, averaging about
200 meters length and 0.4 meters width.

Potential 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, conducted a survey program under the
project entitled, "Cooperative Exploration of Bake-Jiaoyun" which formed the
basis of the founding of Amingo and the originated the proposal that further
exploration and development of the gold deposits 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 28 tonnes of gold (approximately 900,000 ounces) at the Bake
deposit. These resources do not conform with current 43-101 reporting standards
but do give an indication of significant mineralization which requires
follow-up.

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.

In 2003, Amingo Resources engaged independent Canadian geologists to validate
these reports, and their own technical reports and conclusions as presented to
the Company are available for perusal by request from the Company.

Bake - Zone 1 (adjacent to and NE of RuiXin)

This zone is an extension of an adjacent property referred to as the RuiXin mine
into the Bake property located in the NE part of the RuiXin mine. Several veins
have been identified at RuiXin and at least 4 clearly extend into the Bake. The
size of this zone is about 2.1 sq. km. and is found to be continuing along the
axis of the anticline.

Due to the near-surface nature of the mineralization in the area, soil
geo-chemistry has been a valuable exploration tool at Bake. This method helped
lead to the discovery of many of the existing gold mines in the Jinping area.

A geological survey and mapping of this area has been completed, and a total of
324 soil samples were taken on this portion of the grid. Analysis of the 324
soil samples from the Bake NE sub-division leads to the following observations:

                                       5
<PAGE>

The survey defined two prominent anomalies in Bake NE, along the axis of the
anticline, that appear to be similar in all aspects to those already defined in
other discoveries in the Jinping area.

These two anomalies (designated as BNE-1 and BNE-2) have not as yet been tested
by drilling or trenching.

Besides the Au (gold) content, Ag (silver), As (arsenic) and Sb (antimony) have
also been identified.

The most recent results of the work done in the geological survey of the Bake NE
area are summarized as follows:

o       9 quartz vein outcrops have been discovered and sampled.
o       4 of these 9 veins are associated with sulfide such as pyrite and
        arsenopyrite
o       8 of the quartz veins are parallel bedding veins.
o       Analysis of gold content from two samples taken from Quartz vein No. 6
        yielded 5.05 and 0.79 g/T. And two samples taken from Quartz vein No. 7
        showed 4.98 and 0.97 g/T.
o       A detailed geological map of 1:2000 of Bake NE has been completed.

Bake - Zone 2 (adjacent and SW of RuiXin)

As is Zone 1, this zone is also an extension of RuiXin mine into the Bake
territory except that it is located in the SW part of the RuiXin mine. As in the
previous zone, several of the identified veins at RuiXin extend into Bake. The
size of this zone is about 2 km(2), also along the axis of the anticline.
Detailed geological, topographic and geochemical surveys are underway and the
results are expected to be available towards the end of January, 2006.

Acquisitions

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.

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.

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.

Closing of this agreement has been delayed as the Company awaits the renewal of
requisites licenses and permits.

In October 2005, we signed an agreement with a Chinese mining company, Huaqiao
Gold Mining Company of China that would acquire majority ownership of their
Huaqiao gold mine.

Under the terms of the agreement, East Delta will own 77.5% of the acquired
company and will be required to inject $500,000 over three months, while Huaqiao
will transfer complete ownership of all assets and permits related to the mine
to this entity. In addition, the acquired company will obtain 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

                                       6
<PAGE>

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.

A geological survey and mapping of this area has been completed, and a total of
324 soil samples were taken on this portion of the grid. Analysis of the 324
soil samples from the Bake NE sub-division leads to the following observations:

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.

Description of the Huaqiao Property

Location

The Huaqiao mine (a.k.a. the Tonggu Gold Deposit) is located about 22 kilometers
south of the Town of Jinping with access by a year-round improved road. The
geographic co-ordinates of the property are within Latitude 109 17'18" to 109
19'00" E, Longitude 26 31'00" to 26 34'36". Refer to maps 4 in the accompanying
"map section" for geographic location of this mine. The property can be
considered to be part of the SE Guizhou gold camp. (see Background geological
information above) sericite slate, sandstone slate, tuff, and sandstone. These
Proterozoic rocks underwent a greenschist phase metamorphism before the gold
mineralization. Structurally, the deposits are located in a composite anticline,
with Proterozoic rock in the center and Cambrian to Jurassic rocks in the lambs.

Geological Setting

The exposed bedrock in this property is from the Longli Formation subdivided in
two sections. It consists of meta-sandstone and minor slate with a thickness of
about 1700 meters and occupies the core of the anticline with some small
outcrops of section 1 which contain gold bearing quartz veins. These veins occur
in the hinge zone of the anticline with reverse faults containing sometime
brecciated gold bearing quartz veins. The mineralization style is essentially
bedding concordant quartz veins, however disseminated zones have been
intercepted deeper.

The gold bearing quartz veins are massive with inter-layered host rocks,
cavities, and visible gold. The typical mineralogical assemblage co-existing
with gold is Pyrite-Arsenopyrite-Galena-Sphalerite.

Huaqiao Mine (Tonggu Gold Deposit)

The Huaqiao mine was discovered in the early 1990s and has operated since 1994.
This mine covers an area about 0.7 km(2). Geologically it is located in the
Shandong anticline and Tonggu shear zones. According to the geological data,
this mine is composed of 7 major ore zones; from surface to deep party, the ore
zones are: Nos. 1, 2, 3, 4, 5, 6, and Fx. Each ore zone consists of several gold
bearing quartz veins.

Zones 1, 2, and 3 are located near the surface (about 100 to 150 meters in
depth). Zone 4, 5, and 6 occur in the deeper part of the mine, below 200 m from
the surface. The Fx ore zone was discovered during mining operations and is
located from depth 200 to 400m. Most ore zones except Fx are parallel to the
turbidite sedimentary bed, while the Fx ore zone crosses cut the bed. Ore zones
nos. 1, 2, 3, and 4 have been mined and ore zone No. 6 remains. Part of ore zone
Fx is mined out, and needs more work in the deep part of this ore zone.

The gold bearing quartz veins are 200 to 600 m in length and 0.1 to 1 m in
width, and strike to deep part about 300 to 400 meters. The native gold is
associated with quartz, pyrite and minor arsenopyrite. In most cases, visible
gold is seen in the quartz veins, creating a nugget effect and alternately high
and low average gold grades. The ore mineral selecting process is very simple,
safe and environmentally friendly.

The total resources of the Huaqiao mine, as quoted by local Geologists, are
about 9.3 tonnes (300,000 ounces) of gold and the maximum grade ranges from 40
to 100 g/T, with average gold grades of 5-10 g/T. An estimated 320,000 ounces of
gold have been produced from the year 1994 to 2004, with a balance of mine-able
resources of about 225,000 ounces of gold. (These figures are not yet confirmed
by EDLT). It is expected that ore will be extracted from the deeper part of the
mine, from the M6 vein, in late 2006.

Additionally, and quite importantly, detailed geological surveys are underway,
and with new technology in use, the likelihood is strong that these resource
estimates will be increased. As well, exploration is being planned in the NE
part of the mine in an area of approximately 10 km(2).

Operations at the mine are currently run by a private company.

Independent Assessment of Resources

A technical resource and reserve report of the Huaqiao mine is currently being
completed by BETA, Inc. of Connecticut, USA, following 43-101 guidelines. The
report consists of an audit of the exploration and modeling work conducted by
the #103 Geologic Team of Guizhou province, China, including:

o       the underlying geologic model;
o       data collection and verification methods;
o       sampling and assaying procedures; and
o       resource and reserve computation methodologies.

                                       7
<PAGE>

BETA personnel visited the Huaqiao mine site and met with the mine's technical
personnel and consultants in order to obtain the necessary information for the
study, which is to be released in 2006. It is expected that mineral estimate
statements will be classified as inferred resources and possible reserves.
Further work including underground mapping, systematic sampling and subsequent
drill testing will likely increase resources and reserves significantly, and
also allow reclassification to higher confidence levels.

Terms of Acquisition

As indicated above, we have signed a definitive agreement with Huaqiao Gold
Mines to acquire 77% of the mine and all related plant and equipment.

Under the terms of the agreement, Guiyang High Tech Meiya Investment (thus EDLT)
will be required to inject $500,000 over three months, to built new shafts,
upgrade the safety of the mine, improve on environmental considerations and
modernize the mining process. The total estimated investment required to
complete the acquisition, expand and upgrade the mine is approximately
$2,000,000. In addition, EDLT will acquire rights to explore and mine an
additional one km(2) of prospective land situated to the NE side of the existing
mine, with an option to increase this to 10 km(2).

We have adequate funding in hand to proceed with this acquisition and anticipate
integration of the mining operation into our Company by late summer 2006.

Other 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 $225 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.

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 at a
monthly rental of $3,500 including all utilities, secretary services and
applicable taxes. We had not paid them since July 2003. We settled this debt
through the issuance of 60,000 common shares of our stock.

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.


                                       8
<PAGE>


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 and name
change, our trading symbol was changed to EDLT.

Market data as at March 31, 2005

           Historical               High            Low       Close
           -----------              -----           ----      -----
              2006 Q1               $1.18           0.69       0.72
              2005 Q4               $1.03           0.67       0.74
              2005 Q3               $1.10           0.37       0.97
              2005 Q2               $0.79           0.57       0.64
              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

(b) Holders

As of December 31, 2005, we had 45,101,326 shares of its Common Stock
outstanding, held by approximately five hundred shareholders of record.

Of the 45,101,326 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 December 31, 2005, the Company had 17,620,267 warrants, issued and
outstanding, at various exercise prices ranging from $0.10 to $0.75 per share.

(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 nine months ended December 31, 2005, we issued the follow shares of
common stock:

We sold 2,859,751 shares for a total cash receipt of $1,202,850, net commissions
of $35,000, to a group consisting of two 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.

We issued a total of 1,866,000 shares valued at $1,346,490 for services. No
commissions were paid. 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 nine months ending December 31,
2005 and the twelve months ended 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:



                                       9
<PAGE>
<TABLE>
<CAPTION>
                                                                                        For the period
                                                                                        March 4, 1999
                                                  Nine months       Twelve months       (inception of
                                                     ended              ended         development stage)
                                               December 31, 2005    March 31, 2005   to December 31, 2005
                                               -----------------  -----------------  --------------------
<S>                                            <C>                <C>                <C>

   Total revenues                              $               -  $               -  $             86,544
   Total expenses                                      3,287,542         10,244,840            14,813,205
   Net operating loss                                 (3,287,542)       (10,244,840)          (14,726,661)
   Operating loss per share                                (0.08)             (0.34)                  n/a
</TABLE>

Balance Sheet Data:
                                               As of December 31, 2005
                                               -----------------------
Working Capital                                $               564,120
Total Assets                                                   886,519
Total Liabilities                                              332,399
Stockholders' Equity                                           564,120

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.

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 nine months ending ended December 31, 2005 and in the twelve months
ended March 31, 2005 we had no income. As of December 31, 2005, our cash
position was $735,974 compared to $835,183 as of March 31, 2005.

We are of the opinion that we need to obtain additional funds 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. And the subsequent
progress on this acquisition and on 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 nine month transition period
ended December 31, 2005 approximated $25,000, and included management salaries,
office overhead, professional fees, travel, business entertainment, equipment
and insurance.

Officer and director compensation expenses were $6,000 for the nine months ended
December 31, 2005 compared to $138,374 for the twelve months ended March 31,
2005.

A large portion of our expenses was in stock based compensation amounting to
$1,346,490. These amounts were paid in stock as finder's fees for the several
agreements that were entered into during the nine months ended December 31, 2005
and to several geological, financial and management consultants. Further, In
October 2005, Guizhou Amingo signed a Consignment Cooperation Agreement with
Beijing TianMeng Rui Si Information Consulting Ltd ("Beijing TianMeng") to
manage and supervise its exploration activity on the Mining Project. Under the
terms of the agreement, Beijing TianMeng will be responsible for the complete
project exploration management, including, but not limited to, drilling planning
and drilling, geochemical and geophysical studies, trenching, survey and
mapping, related geological research, engineering flow sheet development,
logistics, staffing, and equipment rental. Under the terms of the contract
Guizhou-Amingo agreed to pay 8,500,000 RMB towards the future costs of work
contemplated at the site. 7,000,000 RMB was paid prior to December 31, 2005 and
was expensed by East Delta. The remaining 1,500,000 RMB was paid in January
2006.

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 arrangement. 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.

During the nine months transition period ended December 31, 2005, the Company
incurred an operating loss of $3,287,542 as compared to $10,244,840 for the
twelve months ended March 31, 2005. And at December 31, 2005, end, the Company
had an overall operating loss of $14,726,661 during its development stage.

Operating loss per share was $0.08 for the nine months ended December 31, 2005
as compared to $0.34 for the twelve months ended March 31, 2005.



                                       10
<PAGE>

Plan of Operations

Overall, during 2006, the Company's emphasis will be to:

a.    define the mineral resources and reserves in the Jiaoyun zone of the core
property (Bake) in accordance with US/Canadian reporting standards;

Although the acquisition at Huaqiao has not been closed as yet, management has
decided to proceed as if it has and has begun to do the following:

b.    map, sample and plan drill program at Huaqiao;
c.    develop plan to modernize (including addressing environmental and safety
issues) the facilities at Huaqiao and expand capacity;

Additional plans are:
d.    make the described property acquisitions and seek other acquisitions;
e.    consolidate the acquisitions by integrating them into the Company's
      Chinese operations;
f.    define and undertake a significant drilling program to fuel internal
      growth from the properties.

Bake - Jiaoyun

Surface mapping has been completed for an 8 square kilometer area of interest
lying within the 85 square kilometer Bake-Jiaoyun concession. The objective of
the next phase is to focus activities on the most promising of the many
mineralization zones that have been mapped within different sectors of the
mapped portions of the property, while completing the surface mapping of the
remaining 2 square kilometer area of interest.

The company will conduct geophysical analysis as well as trenching and drilling
campaigns to determine/verify the grades and thickness of the zones that are
predicted in resource models and preliminary exploration results.

The company intends to:
a.    assess and prioritize the potential of known mineralized zones;
b.    explore the high priority deposits;
c.    prepare resource estimates to US/Canadian standards; and
d.    substantially increase our measured and indicated (proven and probable)
      gold resource and reserve base.

Bake - Zone 1 (NE Ruixin) and Zone 2 (SW Ruixin)

RuiXin has identified at least 7 veins on their property, which protrude into
the Bake territory both at their head and tail ends. The immediate activities
underway in these two areas are surface mapping programs, intended to determine
the extent that these seven veins continue into the Bake claim. Drilling plans
will be based on the results of the ongoing scoping study. The goal is to
prioritize the potential of known mineralized zones, explore the high priority
deposits, and prepare resource estimates to US/Canadian standards.

Upon successful determination of the resources in these two zones (1 and 2),
preparatory work for the sizing of the future gold extraction plan will
continue. This program should yield additional proven/probable reserves in the
short term.

It is believed by the company that there is a high likelihood that mine
development planning will commence in this area within the year.

Huaqiao

As indicated earlier, that although the acquisition at Huaqiao has not been
closed as yet, management has decided to proceed as if it has by budgeting and
planning activities at the existing mine site.

Huaqiao is an operating gold mine with a maximum daily throughput of 100-150
tonnes per day. The historical mine operational procedures and mine records are
not sufficient to show production statistics such as daily tonnes processed,
grade, recovery etc. Nevertheless, the operation was sufficiently successful to
have purchased and installed a new, state of the art mill in 2003 consisting of:
2-stage crushing; ball mill, thickener, 12 flotation cells, and 2 gravity shaker
tables. This mill was operated for a short time, but stopped about two months
after the trainers departed due to a lack of familiarity by the owners, who went
back to using the shaker tables as before. The mining underground is not well
developed, and while underground maps are available, there is no recent geologic
mapping or model of the veins as encountered. Also lacking is regular sampling
of the veins to indicate continuity of grade along the vein.

If the acquisition is succeessful, East Delta intends to do the following in
2006:

o     Complete surface survey over an additional 0.4 km2;
o     Complete underground geologic mapping of all veins;
o     Create new geologic model for resource/reserve estimation;
o     Establish a systematic sampling regime for exploration and mining;
o     Based on results from the mapping, model and sampling, plan drill holes.
o     Begin surface facility training for flotation mill in February 2006;
o     Determine most suitable mining method for maximizing extraction;


                                       11
<PAGE>

o     Train operators in underground mining methods;
o     Address tailings disposal concerns;
o     Assess the need to add labor living quarters;
o     Purchase and install additional production equipment as required; and
o     Assess and streamline management reporting structure.

The above activities should build upon the proven gold reserves on this property
offering the option to increase future ore production from 150 t/d to 300 t/d.


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.

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 be assured it that all 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.

SPECULATIVE NATURE OF COMPANY'S PROPOSED MINING OPERATIONS.

As this is the Company's first foray into the business of silver mining, the
Company has a very limited experience upon which an evaluation of its future
success or failure can be made. The Company's ability to achieve and maintain
profitability and positive cash flow over time will be dependent upon, among
other things, its ability to (i) identify and acquire silver mining properties
or interests therein that ultimately have probable or proven silver reserves,
(ii) sell such silver mining properties or interests to strategic partners or
third parties or commence mining of silver, (iii) produce and sell silver at
profitable margins and (iv) raise the necessary capital to operate during this
period. At this stage in the Company's development, it cannot be predicted how
much financing will be required to accomplish its objectives. Furthermore, the
search for silver as a business is extremely risky. The Company cannot provide
any assurances that the silver mining interests that it acquires will contain
commercially exploitable reserves of silver. Exploration for minerals is a
speculative venture necessarily involving substantial risk. The current price of
an ounce of silver is approximately $11.08. The price of silver has increased
over the past few years thereby contributed to the renewed interest in silver
mining. However, the price of silver fluctuates, and in the event that the price
of silver falls, the interest in the silver mining industry may decline and the
value of the Company's business could be adversely affected.

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.

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.

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.

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


                                       12
<PAGE>

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 c
onstitution 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.

(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.

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 research,
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 systems 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.

NO REVENUE AND MINIMAL ASSETS.

The Company presently does not have any revenues, nor does it anticipate
operating income in the near future. Ultimately, the Company hopes to derive
revenues from the producing silver mines in Guadalupe, Durango, Mexico. In
addition, the Company may obtain interests in mining properties that can be sold
or licensed to strategic partners or third parties and/or develop producing
mines on its own in order to generate revenues. These activities will be
undertaken over a number of years. No assurances can be given that the Company
will be able to obtain the necessary funding during this time to remain in
operation. The inability to raise additional funds will have a material adverse
affect on the Company's business, plan of operation and prospects.

NO DIVIDENDS.

The Company has never paid cash dividends on its common stock and has no plans
to do so in the foreseeable future. The Company intends to retain earnings, if
any, to develop and expand its business.

LOW LIQUIDITY.

Although the Company's common stock is listed for trading on the
Over-the-Counter Electronic Bulletin Board, the trading market in the common
stock has substantially less liquidity than the average trading market for
companies quoted on other national stock exchanges. A public trading market
having the desired characteristics of depth, liquidity and orderliness depends
on the presence in the marketplace of willing buyers and sellers of our common
stock at any given time. This presence depends on the individual decisions of
investors and general economic and market conditions over which we have no
control. Due to limited trading volume, the market price of the Company's common
stock may fluctuate significantly in the future, and these fluctuations may be
unrelated to the Company's performance. General market price declines or overall
market volatility in the future could adversely affect the price of the
Company's common stock, and the current market price may not be indicative of
future market prices.

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



                                       13
<PAGE>

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.


                                       14
<PAGE>

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To the Board of Directors
   EAST DELTA RESOURCES CORP.
   (a development stage company)
   Montreal, Quebec, Canada


We have audited the accompanying consolidated balance sheet of East Delta
Resources Corp., (a development stage company), as of December 31, 2005 and the
related consolidated statements of operations, changes in stockholders' equity
and cash flows for the nine months ended December 31, 2005, the year ended March
31, 2005 and the period from March 4, 1999 (Inception) through December 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.

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 December 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, 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.

As discussed in Note 11 to the financial statements, errors resulting from not
applying derivative accounting in 2005 were discovered by management in 2006.
Accordingly, adjustments have been made as of March 31, 2005, to correct these
errors.


MALONE & BAILEY, PC
www.malone-bailey.com
Houston, Texas

May 16, 2006


                                       15
<PAGE>


                           EAST DELTA RESOURCES CORP.
                          (a development stage company)
                           CONSOLIDATED BALANCE SHEET
                                December 31, 2005




<TABLE>
<CAPTION>
                                     ASSETS
<S>                                                                                      <C>

Current assets:
         Cash                                                                            $        735,974
         Loan receivable                                                                          150,545
                                                                                         ----------------

Total current assets                                                                     $        886,519
                                                                                         ================





                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
         Accounts payable and accrued liabilities                                        $        172,399
         Note payable - related party                                                             150,000
                                                                                         ----------------

  Total current liabilities                                                                       322,399
                                                                                         ----------------



Commitments and contingencies                                                                           -



Stockholders' equity:
         Common stock, $0.0001 par value, 50,000,000
              shares authorized, 45,101,326 shares
              issued and outstanding                                                                4,510
         Additional paid-in-capital                                                            22,697,589
         Minority interest in subsidiary                                                          299,940
         Deficit accumulated during the development stage                                     (22,437,919)
                                                                                         ----------------

  Total stockholders' equity                                                                      564,120
                                                                                         ----------------

Total liabilities and stockholders' equity                                               $        886,519
                                                                                         ================
</TABLE>





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


                                       16
<PAGE>


                           EAST DELTA RESOURCES CORP.
                          (a development stage company)
                      CONSOLIDATED STATEMENTS OF OPRATIONS
                   For the nine months ended December 31 2005,
        twelve months ended March 31, 2005 and Period from March 4, 1999
           (Inception of Development Stage) Through December31, 2005




<TABLE>
<CAPTION>
                                                                                        For the period
                                                                     (Restated)         March 4, 1999
                                                  Nine months       Twelve months       (inception of
                                                     ended              ended         development stage)
                                               December 31, 2005    March 31, 2005   to December 31, 2005
                                               -----------------  -----------------  --------------------
<S>                                            <C>                <C>                <C>
Revenues:
   Consulting                                  $               -  $               -  $             86,544
                                               -----------------  -----------------  --------------------

   Total revenues                                              -                  -                86,544
                                               -----------------  -----------------  --------------------

Expenses:
   Officer and director
     compensation                                          6,000            138,374               393,255
   Consulting and professional                         1,552,706          4,833,820             7,125,940
   General and administrative                          1,728,836          5,272,646             7,294,010
                                               -----------------  -----------------  --------------------

   Total expenses                                      3,287,542         10,244,840            14,813,205
                                               -----------------  -----------------  --------------------

Operating loss                                        (3,287,542)       (10,244,840)          (14,726,661)
                                               -----------------  -----------------  --------------------

   Loss on derivative liabilities                     (2,153,344)        (5,570,154)           (7,723,498)
   Other income (expense)                                (11,310)                 -                11,680
   Minority interest                                         560                  -                   560
                                               -----------------  -----------------  --------------------

Net loss                                       $      (5,451,636) $     (15,814,994) $        (22,437,919)
                                               =================  =================  ====================



Net income (loss) per share
   Basic and diluted                           $           (0.13) $           (0.52)                  N/A

Weighted average shares outstanding
   Basic and diluted                                  42,462,560         30,522,266                   N/A

</TABLE>





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




                                       17
<PAGE>

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

<TABLE>
<CAPTION>

                                                                                     Deficit
                                                                                   Accumulated
                                  Common Stock     Additional                        During
                                  ------------      Paid-in  Subscription Minority Development
                                Shares     Par      Capital   Receivable  Interest    Stage        Total
                            ------------ ------- ------------ ---------- --------- ------------ ------------
<S>                           <C>        <C>      <C>         <C>        <C>       <C>          <C>

Balances, 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)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, 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)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, 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)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, 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)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, December 31, 2002   15,221,000   1,522      699,189          -         -     (750,240)     (49,529)
Shares issued
 - for services                4,500,000     450      202,386          -         -            -      202,836
Cancellation of shares        (4,500,000)   (450)    (202,386)         -         -            -     (202,836)
Net loss                               -       -            -          -         -     (104,382)    (104,382)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, 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)
                            ------------ ------- ------------ ---------- --------- ------------ ------------

Balances, 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
 - for cash                    7,118,750     712    1,220,791          -         -            -    1,221,503
Warrants and options issued
 - for services                        -       -    2,255,040          -         -            -    2,255,040
Transition of instruments
  from equity to liabilities           -       -   (3,526,285)         -         -            -   (3,526,285)
Net loss                               -       -            -          -         -  (15,814,994) (15,814,994)
                            ------------ ------- ------------ ---------- --------- ------------ ------------
Balances, March 31, 2005
              (restated)      40,375,575   4,038    8,932,660          -         -  (16,986,283)  (8,049,585)
Shares issued
  - for services               1,866,000     187    1,346,303          -         -            -    1,346,490
  - for cash                   2,859,751     285    1,167,565          -         -            -    1,167,850
Sale of minority interest              -       -            -          -   300,500            -      300,500
Warrants issued for services           -       -      283,478          -         -            -      283,478
Transition of instruments
  from liabilities to equity           -       -   10,967,583          -         -            -   10,967,583
Net income                             -       -            -          -      (560)  (5,451,636)  (5,452,196)
                            ------------ ------- ------------ ---------- --------- ------------ ------------
Balances, December 31, 2005   45,101,326 $ 4,510 $ 22,697,589 $        - $ 299,940 $(22,437,919)$    564,120
                            ============ ======= ============ ========== ========= ============ ============
</TABLE>


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


                                       18
<PAGE>


                           EAST DELTA RESOURCES CORP.
                          (a development stage company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
       For the nine months ended December 31 2005; the twelve months ended
                  March 31, 2005 and Period from March 4, 1999
           (Inception of Development Stage) Through December 31, 2005



<TABLE>
<CAPTION>
                                                                                             For the period
                                                                          (Restated)         March 4, 1999
                                                       Nine months       Twelve months       (inception of
                                                          ended              ended         development stage)
                                                    December 31, 2005    March 31, 2005   to December 31, 2005
                                                    -----------------  -----------------  --------------------
<S>                                                 <C>                <C>                <C>

CASH FLOWS FROM OPERATING ACTIVITIES
     Net loss                                       $      (5,451,636) $     (15,814,994) $        (22,437,919)
     Adjustments to reconcile net loss to cash used
     in operating activities:
         Loss on derivative liabilities                     2,153,344          5,570,154             7,723,498
         Stock issued for services                          1,346,490          7,816,042             9,629,832
         Warrant / option expense                             283,478          1,972,840             2,556,318
         Minority Interest                                       (560)                 -                  (560)
         Changes in assets and liabilities:
           Accounts payable and accrued liabilities           101,870            (97,273)              172,399
                                                    -----------------  -----------------  --------------------

CASH USED IN OPERATING ACTIVITIES                          (1,567,014)          (553,231)           (2,356,432)
                                                    -----------------  -----------------  --------------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Cash received from purchase of Omega
     with common stock                                              -            157,687               157,687
                                                    -----------------  -----------------  --------------------

CASH PROVIDED BY INVESTING ACTIVITIES                               -            157,687               157,687
                                                    -----------------  -----------------  --------------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Advances to related party                                      -                  -               (53,000)
     Repayments from related party                                  -             28,000                53,000
     Loan to Sino Silver                                     (150,545)                 -              (150,545)
     Proceeds from related party loan                         335,000                  -               397,474
     Repayments of related party loan                        (185,000)           (34,828)             (247,474)
     Sale of minority interest in subsidiary                  300,500                  -               300,500
     Shares issued for cash, net of offering costs          1,167,850          1,221,503             2,634,764
                                                    -----------------  -----------------  --------------------

CASH PROVIDED BY FINANCING ACTIVITIES                       1,467,805          1,214,675             2,934,719
                                                    -----------------  -----------------  --------------------

NET CHANGE IN CASH                                            (99,209)           819,131               735,974
     Cash, beginning of period                                835,183             16,052                     -
                                                    -----------------  -----------------  --------------------

     Cash, end of period                            $         735,974  $         835,183  $            735,974
                                                    =================  =================  ====================



Cash paid for:
     Interest                                       $               -  $               -  $                  -
     Income Taxes                                                   -                  -                     -
</TABLE>



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


                                       19
<PAGE>

                           EAST DELTA RESOURCES CORP.
                          (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.(formerly East Delta Resources Corp.)
and changed its own name to East Delta Resources Corp. East Delta is a mining
company in the exploration stage. See Note 3 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., its
majority owned subsidiary, Sino Canadian Metals, Inc. (Sino Canadian) 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.

Change of Year End
------------------

In January 2006, East Delta changed its fiscal year end to December 31 from
March 31.

Restatements
------------

Restatements of March 31, 2005 were made. See note 11 for details.

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 financial statements for the period from April 30, 2004
through March 31, 2005 and the cumulative consolidated financial statements have
been reclassified to conform to 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 nine months ended December 31, 2005 and the year ended March 31, 2005.

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 nine months ended December 31, 2005
and for the year ended March 31, 2005, potential dilutive securities had an
anti-dilutive effect and were not included in the calculation of diluted net
loss per common share.



                                       20
<PAGE>

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.

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>
                                                                                       For the period
                                                                                        March 4, 1999
                                                  Nine months       Twelve months       (inception of
                                                     ended              ended         development stage)
                                               December 31, 2005    March 31, 2005   to December 31, 2005
                                               -----------------  -----------------  --------------------

<S>                                            <C>                <C>                <C>
Net loss as reported                           $      (5,451,636) $     (15,814,994) $        (22,437,919)
  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                             $      (5,451,636) $     (15,905,994) $        (22,528,919)
                                               =================  =================  ====================

Basic and diluted net loss per common share:

As reported                                    $           (0.13) $           (0.52)                  N/A
Pro forma                                                  (0.13)             (0.52)                  N/A

</TABLE>

The weighted average fair value of the stock options granted during the twelve
months ended March 31, 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.

Derivative financial instruments
--------------------------------

East Delta does not use derivative instruments to hedge exposures to cash flow,
market, or foreign currency risks. East Delta evaluates all of it financial
instruments to determine if such instruments are derivatives or contain features
that qualify as embedded derivatives. For derivative financial instruments that
are accounted for as liabilities, the derivative instrument is initially
recorded at its fair value and is then re-valued at each reporting date using
the Black-Scholes pricing model, with changes in the fair value reported as
charges or credits to income. For option-based derivative financial instruments,
East Delta uses the Black-Scholes option-pricing model to value the derivative
instruments at inception and subsequent valuation dates. The classification of
derivative instruments, including whether such instruments should be recorded as
liabilities or as equity, is re-assessed at the end of each reporting period.
Derivative instrument liabilities are classified in the balance sheet as current
or non-current based on whether or not net-cash settlement of the derivative
instrument could be required within 12 months of the balance sheet date.

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.



                                       21
<PAGE>

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 operating
losses of $3,287,542 for the nine months ended December 31, 2005 and $10,244,840
for the year ended March 31, 2005 and has an accumulated deficit of $22,437,919
as of December 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 - PURCHASE OF OMEGA

On June 30, 2004, East Delta acquired 100% of the outstanding membership
interests of Omega. Omega was initially incorporated in 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 operations 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 4 - LOAN RECEIVABLE

On December 28, 2005, Sino Canadian loaned Sino Silver Corp. $150,000 in a term
loan that is due April 28, 2006 with a rate of interest of 2% of the outstanding
balance per month, or fraction thereof. Sino Silver's exploration properties in
China were pledged as collateral to the loan. In addition to the monthly
interest, Sino Canadian is to receive 100,000 common shares of Silver Dragon
Resources (trading symbol: SDRG) when the loan matures. As of May 16, 2006, the
principal amount and the share payment were still owing to Sino Canadian.

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).

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.

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.

During the nine months ended December 31, 2005:

 - East Delta received total advances of $35,000 from a related party to fund
its operations. These advances are due on demand, bear no interest and are
unsecured. The entire $35,000 was repaid in December 2005.


                                       22
<PAGE>

 - East Delta borrowed $300,000 from a related party under a term note. This
note was due on November 15, 2005, bears 12% interest per annum and is
unsecured. East Delta repaid $150,000 on this related party loan. The remaining
balance of $150,000 was paid subsequent to year-end.

NOTE 6 - CONSOLIDATION OF SINO CANADIAN METALS, INC

In April 2005, East Delta incorporated a subsidiary in Delaware under the name
Sino-Canadian Metals Inc. After the incorporation:

     -    Sino Canadian issued 200,000 shares of common stock in June 2005
          valued at $20 to its founder.
     -    Sino Canadian issued 2,200,000 shares of common stock in June 2005
          valued at $220 to consultants for their services.
     -    Sino Canadian sold 1,752,500 shares of common stock in July and August
          2005 for cash of $300,500.

In August 2005, East Delta transferred all base metal agreements, options, and
other such assets related to one of its nickel projects in China to Sino
Canadian in exchange for 6,500,000 shares of common stock from Sino Canadian.
These shares were valued at $650. East Delta became a 61% owner of Sino Canadian
as a result of this transaction.


NOTE 7 - 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 the nine months ended December 31,
2005 and the year ended March 31, 2005, 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 $2,300,000 at December 31, 2005, and will expire
in the years 2019 through 2025.

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

                  Deferred tax assets
                    Net operating losses                      $     782,000
                    Less: valuation allowance                      (782,000)
                                                              -------------
                  Net deferred tax asset                      $           -
                                                              =============

NOTE 8- 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.

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. These 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.

During the nine months ending December 31, 2005:

   - East Delta issued 1,866,000 shares of common stock to consultants for their
services. These shares were valued and recorded at $1,346,490.


                                       23
<PAGE>

   - East Delta sold 2,859,751 shares of common stock for cash of $1,202,850.
East Delta paid $35,000 to its broker as the offering cost.

NOTE 9 - 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 the year ended March 31, 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.

   - East Delta 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.

During the nine months ending December 31, 2005:

   - East Delta granted several consultants 700,000 warrants to purchase East
Delta's common stock. These warrants are exercisable immediately at $.60 per
share and expire on February 28, 2007. The fair value of these warrants was
$283,478 which has been expensed.

   - East Delta granted four investors 406,417 warrants associated with the sale
of East Delta's common stock. These warrants are exercisable immediately at $.75
per share and expire in the period February 2007 through February 2010. The
relative fair value of these warrants was $75,975.

   - East Delta granted two investors 2,200,000 warrants associated with the
sale of East Delta's common stock. These warrants are exercisable immediately at
the exercise prices from $0.55 to $0.75 per share and expire in August 2008. The
relative fair value of these warrants was $304,363.

   - East Delta granted two investors 1,533,350 warrants associated with the
sale of East Delta's common stock. These warrants are exercisable immediately;
1,500,000 warrants at $.60, 33,350 warrants at $.75 per share, all which expire
on December 31, 2008. The relative fair value of these warrants was $268,915.

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             0.20          9,780,500             0.35
                                      ---------         --------         ----------         --------
Outstanding at March 31, 2005           500,000         $   0.20         12,780,500         $   0.29

Nine months ended December 31, 2005:
  Granted                                     -                -          4,839,767             0.61
                                      ---------         --------         ----------         --------
Outstanding at December 31, 2005        500,000         $   0.20         17,620,267         $   0.38
                                      =========         ========         ==========         ========
</TABLE>



                                       24
<PAGE>

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

<TABLE>
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       2 years                -              -      5,200,000      5,200,000
 0.30       1.5 years              -              -        200,000        200,000
 0.50       2 years                -              -      2,988,000      2,988,000
 0.50       4 years                -              -        500,000        500,000
 0.55       2.5 years              -              -      1,000,000      1,000,000
 0.60       2.5 years              -              -      1,000,000      1,000,000
 0.60       4 years                -              -        452,500        452,500
 0.60       2 years                -              -        200,000        200,000
 0.60       5 years                -              -        500,000        500,000
 0.60       3 years                -              -      1,500,000      1,500,000
 0.75       3 years                -              -         33,350         33,350
 0.75       2 years                -              -        406,417        406,417
 0.75       4 years                -              -        440,000        440,000
 0.75       2.5 years              -              -        200,000        200,000
                         -----------    -----------    -----------    -----------
                             500,000        500,000     17,620,267     17,620,267
                         ===========    ===========    ===========    ===========
</TABLE>

NOTE 10 - DERIVATIVES

East Delta evaluates the application of SFAS 133 and EITF 00-19 for all of its
financial instruments and concluded the outstanding warrants at March 31, 2005
were derivatives because East Delta did not have sufficient number of authorized
shares to settle these warrants. East Delta is required to record the warrants
on its balance sheet at fair value with changes in the values of these
derivatives reflected in the consolidated statements of operations as "Gain
(loss) on derivative liabilities." In October 2005, when East Delta exceeded
their authorzied share amount, an adjustment to debit equity of $3,526,285 was
recorded to reflect the transition from equity to derivative liabilities. The
statement of operations for the year ended March 31, 2005 has been restated to
reflect the impact of SFAS 133 and EITF 00-19.

In May 2006, East Delta received waivers from its warrant holders acknowledging
that East Delta does not have sufficient authorized shares of common stock
available to issue upon the exercise of all of East Delta's outstanding warrants
and agreed not to request East Delta to exercise their warrants. These waivers
expire at the earlier of December 31, 2006 or at such time as East Delta has
amended its Certificate of Incorporation to permit the exercise of all
outstanding warrants. At December 31, 2005, an adjustment to credit equity of
$10,967,583 was recorded to reflect the transition from derivative liabilities
to equity.

The impact on the statements of operations for the nine months ended December
31, 2005, the year ended March 31, 2005 and for the period from inception to
December 31, 2005 is as follows:


<TABLE>
                                                                                        For the period
                                                                                        March 4, 1999
                                                  Nine months       Twelve months       (inception of
                                                     ended             ended          development stage)
                                               December 31, 2005   March 31, 2005    to December 31, 2005
                                                                     (restated)
                                               -----------------  -----------------  --------------------
<S>                                            <C>                <C>                <C>
Loss on derivative liabilities                 $      (2,153,344)  $      (5,570,154) $        (7,723,498)
</TABLE>


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.


NOTE 11 - RESTATEMENT OF PREVIOUSLY REPORTED FINANCIAL STATEEMENTS

Statement of operations for the year ended March 31, 2005 has been restated for
the misstatement made for the derivatives in the originally prepared financials.
See the summary and the note below:

<TABLE>
                               Previously Increase
                                                     Stated        (Decrease)     Restatement
                                                  ------------    ------------    ------------
<S>                                               <C>             <C>             <C>
Expenses:
   Officer and director
     compensation                                 $    138,374    $          -    $    138,374
   Consulting and professional                       4,833,820               -       4,833,820
   General and administrative                        5,272,646               -       5,272,646
                                                  ------------    ------------    ------------
Total expenses                                      10,244,840               -      10,244,840
                                                  ------------    ------------    ------------

Gain (loss) on derivative liability                          -   (1)(5,570,154)     (5,570,154)
                                                  ------------    ------------    ------------

Net loss                                          $(10,244,840)   $ (5,570,154)   $(15,814,994)
                                                  ============    ============    ============
Net loss per share
   Basic and diluted                              $      (0.34)   $      (0.18)   $      (0.52)

Weighted average shares outstanding
   Basic and diluted                                30,522,226      30,522,226      30,522,226
</TABLE>

Restatement note:

(1) To record the changes in the fair values of warrants determined as
derivatives.

                                       25
<PAGE>


NOTE 12 - CHANGE OF YEAR END

In January 2006, the Board of Directors of East Delta decided to change the
fiscal year end to December 31, from March 31. Following table summarizes the
financial information for the twelve months ended December 31, 2005:

<TABLE>
<CAPTION>
                                                  Three months      Nine months       Twelve months
                                                     ended             ended              ended
                                                 March 31, 2005   December 31, 2005  December 31, 2005
                                               -----------------  -----------------  -----------------

<S>                                            <C>                <C>                <C>
Expenses:
   Officer and director
     compensation                              $               -  $           6,000  $           6,000
   Consulting and professional                         1,897,420          1,552,706          3,450,126
   General and administrative                             17,680          1,728,836          1,746,516
                                               -----------------  -----------------  -----------------

   Total expenses                                      1,915,100          3,287,542          5,202,642
                                               -----------------  -----------------  -----------------

Operating loss                                        (1,915,100)        (3,287,542)        (5,202,642)
                                               -----------------  -----------------  -----------------

   Loss on derivative liabilities                     (1,334,745)        (2,153,344)        (3,488,089)
   Other income (expense)                                      -            (11,310)           (11,310)
   Minority interest                                           -                560                560
                                               -----------------  -----------------  -----------------

Net loss                                       $      (3,249,845) $      (5,451,636) $      (8,701,481)
                                               =================  =================  =================

</TABLE>


NOTE 13 - INVESTMENTS IN JOINT VENTURES IN CHINA - GUIZHOU AMINGO RESOURCES,
INC. AND OTHER AGREEMENTS

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 85 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. In September 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 December
31, 2005, Amingo has funded $850,000 of this amount and the remaining $150,000
must be funded by June 30, 2006. Amingo also contributed approximately $614,000,
which is to be used for activities outside of the Joint Venture and accordingly,
Amingo's net investment in China are approximately $1,464,000 at December 31,
2005. During the nine months ended December 31, 2005, Amingo recognized
approximately $1,140,000 loss from its investment in China.

During the quarter ended September 30, 2005, Guizhou signed an agreement with a
Chinese mining company, Huaqiao Gold Mining Company of China ("Huaqiao Gold
Mine") that would acquire majority ownership of the Huaqiao Gold Mine. In
September 2005, Guizhou placed a deposit of $151,043 on this potential purchase.

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

As of December 31, 2005, the acquisition has not been closed and the deposit of
$151,043 had been expensed due to the uncertainty of the closing of the
acquisition.

In June 2005 East Delta signed an agreement to enter into a joint venture,
through its subsidiary, Sino-Canadian 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.

                                       26
<PAGE>


In October 2005, Guizhou Amingo signed a Consignment Cooperation Agreement with
Beijing TianMeng Rui Si Information Consulting Ltd ("Beijing TianMeng") to
manage and supervise its exploration activity on the Mining Project. Under the
terms of the agreement, Beijing TianMeng will be responsible for the complete
project exploration management, including, but not limited to, drilling planning
and drilling, geochemical and geophysical studies, trenching, survey and
mapping, related geological research, engineering flow sheet development,
logistics, staffing, and equipment rental. Under the terms of the contract,
Guizhou-Amingo agreed to pay 8,500,000 RMB, approximately $1,062,500, towards
the future costs of work contemplated at the site. 7,000,000 RMB, approximately
$875,000, was paid prior to December 31, 2005 and was expensed by East Delta.
The remaining 1,500,000 RMB, approximately $187,500, was paid in January 2006.


NOTE 14 - COMMITMENTS

In April 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. There is a
remaining fee of $50,000 under this agreement due in May 2006.

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


NOTE 15 - SUBSEQUENT EVENTS

Unregistered Sales of Convertible Securities
--------------------------------------------

During the period between March 15, 2006 and May 2, 2006, East Delta sold an
aggregate of 1,000,000 Euros in convertible debentures at a price of 1 Euro per
debenture. The debentures are 6% senior secured convertible notes, convertible
at the option of the note holders into shares of the East Delta's common stock,
at a conversion price of 0.80 Euros. The maturity date for these notes is March
31, 2008.

Total proceeds to East Delta amounted to $1,152,478. The sale of the securities
was done to non-resident foreign shareholders, exempt from registration under
Regulation S of the Securities Act of 1933. A sales commission totaling 6% of
the proceeds, in cash and common stock, was paid relating to this issuance.

Potential Acquisition
---------------------

In March 2006, Sino-Canadian signed a letter of intent with Qinghai Hua Long
Ding Shun Minerals Ltd of Qinghai Province, China, to form a joint venture to
develop a nickel-copper property covering an area of approximately 17 square
kilometers. The property is located 160 kilometers southeast of XiNing, the
capital of Qinghai Province in northwest China.

The proposed joint venture agreement calls for Sino-Canadian to initially
deposit $300,000 into the project in order to obtain 80% equity ownership, with
further exploration and development expenditure of up to $4.7 million within two
years, upon receipt of positive preliminary results.


                                       27
<PAGE>


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

None.


ITEM 8A. CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized, and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms, and that such information
is accumulated and communicated to our management, including our President, as
appropriate, to allow timely decisions regarding required disclosure based
closely on the definition of "disclosure controls and procedures" in Rule
13a-15(e). In designing and evaluating the disclosure controls and procedures,
our management recognized 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. We maintain that the controls and procedures in place do provide
reasonable assurance that all necessary disclosures are communicated as
required.

At the end of the period covered by this Annual Report on Form 10-KSB, we
carried out an evaluation, under the supervision and with the participation of
our management, including our President, of the effectiveness of the design and
operation of our disclosure controls and procedures. Based on the foregoing, our
President concluded that our disclosure controls and procedures were not
effective to ensure that all material information required to be disclosed in
this Annual Report on Form 10-KSB has been made known to them in a timely
fashion. In connection with the completion of its audit of, and the issuance of
its report on, our financial statements for the nine months ended December 31,
2005, Malone & Bailey, PC identified deficiencies that existed in the design or
operation of our internal control over financial reporting that it considers to
be "material weaknesses." The Public Company Accounting Oversight Board has
defined a material weakness as a "significant deficiency or combination of
significant deficiencies that results in more than a remote likelihood that a
material misstatement of the annual or interim financial statements will not be
prevented or detected."

The deficiencies in our internal control related to derivative valuation,
expense recognition and related party transactions. These deficiencies have been
disclosed to our Board of Directors. Additional effort is needed to fully remedy
these deficiencies and we are continuing our efforts to improve and strengthen
our control processes and procedures. We are in the process of improving our
internal control over financial reporting in an effort to remediate these
deficiencies by improving supervision and increasing training of our accounting
staff with our auditors and other outside advisors respect to generally accepted
accounting principles, providing additional training to ensure that our controls
management regarding use of estimates in accordance with generally accepted
accounting principles, increasing the use of contract accounting assistance and
procedures are adequate increasing the frequency of internal financial statement
review.

Our President has also evaluated whether any change in our internal controls
occurred during the fourth fiscal quarter and has concluded that there were no
significant changes in our internal controls or in other factors that occurred
during the fourth fiscal quarter that has materially affected, or is reasonably
likely to materially affect, these controls.


ITEM 8B.  OTHER INFORMATION

Recent Acquisition

East Delta  Resources  Corp.  has signed a  definitive  agreement  with  Huaqiao
Gold Mines  Company of China to acquire a majority interest in the latter's
producing gold mine in Guizhou province in China.

Under the terms of the agreement, East Delta's subsidiary Amingo China will own
77.5% of the acquired company and will be required to inject $500,000 over three
months, while Huaqiao will transfer complete ownership of all assets and permits
related to the mine to the new entity. In addition, the acquired company 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 final closing of this acquisition is subject to an audit being completed of
the acquired entity acceptable to all regulatory bodies.


                                       28
<PAGE>


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             63            President, CEO and Director since inception
Louis Ladouceur        64            Director since February, 2004
Felix Furst            59            Director since April, 2005

Officers and Directors:

During the nine months ended December 31, 2005, Mr. Felix Furst was appointed to
the Board of Directors.

Victor I. H. Sun, Director, President and Chief Executive Officer will be acting
as Chief Operating Officer and Chief Financial Officer until permanent
replacements 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.

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.

Felix J. Furst, Director

Mr. Furst brings considerable experience in business administration. He
graduated from commercial school in Zurich, Switzerland in 1964. He immigrated
to Canada in 1969 and was than employed by Rehau a plastic manufacturing
company. In 1974 he started Canplast, a manufacturer of thermoplastic
edge-banding, products used in the making of furniture and case goods. Today
Canplast is the leading manufacturer in all of the Americas with plants in
Canada, USA, Mexico and sales office through out the Americas. Mr. Furst brings
solid experience in manufacturing, administration and marketing. Canplast was
eventually sold to Surteco AG, a competitor in 2004.

Currently, he is involved in various other commercial interests including real
estate, distribution companies and in Oxsil, a company active in biochemical
research and de-pollution. Mr. Furst is also on the Advisory Committee of Hewitt
Equipment and BIO-K.

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 are being filed concurrent with this
filing. We have taken steps and implement procedures to forestall any recurrence
of these oversights.



                                       29
<PAGE>

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 has purchased and maintains insurance for the benefit of any
director or officer that covers claims for which the Company could not indemnify
such persons.

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 has previously been filed as an exhibit to the prior year's 10KSB
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       Salary     Bonus        Compensation
------------------             --------    --------  --------      -------------

Victor I. H. Sun                 (1)      $  6,000     none            none
(President & CEO)


(1) Nine months ended December 31, 2005. No additional bonuses were awarded to
him during the nine months ended December 31, 2005.

(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 December 31, 2005, none of the above honorarium has been paid.

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

None.

(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.


                                       30
<PAGE>

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

The following table sets forth information as of December 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
                                               -------------          ----------

Felix Furst (1)                                   3,790,000             8.3

Victor Sun                                        1,851,000             4.1

Louis Ladouceur                                   1,460,000             3.2

All Directors and Officers                        7,101,000            15.6

(1) Mr. Furst's shares are held by his company F. Furst Enterprises Ltd.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

During the nine months ended December 31, 2005, East Delta received advances of
$35,000, from a related party, for its operations. The advances are due on
demand, bear no interest and are unsecured. East Delta borrowed $300,000 from a
related party. This note is due on November 15, 2005, bears 12% interest per
annum and is unsecured, but is being extended on a monthly basis. East Delta
repaid loans of $185,000 to these related parties.


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
</TABLE>

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Fees Billed by our Auditors Fiscal Year 2005

During the twelve months ended December 31, 2005, Malone and Bailey of Houston
provided various audit and audit related services to East Delta Resources. The
fees associated with those services are as follows:

                                            December 31, 2005
                                            -----------------
Audit fees (1)                              $          87,900

Board of Directors has determined that the fees received by Malone and Bailey
for professional services are compatible with maintaining Malone and Bailey's
independence.


                                       31
<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:    June 19, 2006                       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:    June 19, 2006
--------------------------------
Victor I.H. Sun, Director

/s/ Louis Ladouceur                                       Date:    June 19, 2006
--------------------------------
Louis Ladouceur, Director

/s/ Felix Furst                                           Date:    June 19, 2006
--------------------------------
Felix Furst, Director




                                       32