UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K
                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURUTIES EXCHANGE ACT OF 1934

                   For the fiscal year ended January 31, 2008

                        Commission file number 333-141328

                             Kitcher Resources, Inc.
             (Exact Name of Registrant as Specified in Its Charter)

           NEVADA                                                 20-8107485
(State or Other Jurisdiction of                               (I.R.S. Employer
 Incorporation or Organization)                              Identification No.)

    Suite 138 - 1027 Davie Street
          Vancouver, BC                                           V6E 4L2
(Address of Principal Executive Offices)                        (Zip Code)

                                 (604) 231-0074
                               (Telephone Number)

                                  Karen Batcher
                             Batcher & Zarcone, LLP
                              4252 Bonita Road #151
                                Bonita, CA 91902
                     Phone (619) 475-7882 Fax (619) 789-6262
            (Name, Address and Telephone Number of Agent for Service)

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

                                      None

           Securities registered pursuant to section 12(g) of the Act:

                          Common Stock, $.001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act Yes [ ] No [X]

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

     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
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ]                        Non-accelerated filer [ ]
Accelerated filer [ ]                              Smaller reporting company [X]
(Do not check if a smaller reporting Smaller reporting

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

As of January 31, 2008, the registrant had 30,000,000 shares of common stock
issued and outstanding. No market value has been computed based upon the fact
that no active trading market had been established as of January 31, 2008.
<PAGE>
                             KITCHER RESOURCES, INC.
                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------

                                     Part I

Item 1.  Business                                                           3
Item 1A. Risk Factors                                                       8
Item 2.  Properties                                                        10
Item 3.  Legal Proceedings                                                 10
Item 4.  Submission of Matters to a Vote of Securities Holders             10

                                Part II

Item 5.  Market for Registrant's Common Equity, Related Stockholder
         Matters and Issuer Purchases of Equity Securities                 10
Item 7.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                         12
Item 8.  Financial Statements and Supplementary Data                       14
Item 9.  Changes in and Disagreements with Accountants on Accounting
         and Financial Disclosure                                          26
Item 9A. Controls and Procedures                                           26

                               Part III

Item 10. Directors and Executive Officers                                  26
Item 11. Executive Compensation                                            27
Item 12. Security Ownership of Certain Beneficial Owners and Management
         and Related Stockholder Matters                                   28
Item 13. Certain Relationships and Related Transactions                    28
Item 14. Principal Accounting Fees and Services                            29

                                Part IV

Item 15. Exhibits                                                          29

Glossary of Mining Terms                                                   30

Signatures                                                                 32

                                       2
<PAGE>
                                     PART I

ITEM 1. BUSINESS

We are an exploration stage company with no revenues and a limited operating
history. Our independent auditor has issued an audit opinion for Kitcher
Resources which includes a statement expressing substantial doubt as to our
ability to continue as a going concern.

There is the likelihood of our mineral claim containing little or no economic
mineralization or reserves of gold, silver, copper and other minerals. The Marg
mineral property consists of a total of 5 M.T.O cells (totaling 5,446 acres) in
the Brenda Mines area of southern B.C located approximately 11 miles west of
Peachland British Columbia. There is the possibility that the property does not
contain any reserves and funds that we spend on exploration will be lost. Even
if we complete our current exploration program and are successful in identifying
a mineral deposit we will be required to expend substantial funds on further
drilling and engineering studies before we will know if we have a commercially
viable mineral deposit or reserve.

GENERAL INFORMATION

The Marg (Minfile Marg 082ENW108) property is located approximately 11 miles
west of Peachland or 7 miles south of the past producing Brenda Mine open pit
copper and molybdenum mine in southern British Columbia. The claims are most
easily accessed from Hwy 97 at Peachland with the Brenda Mine road taken for 6
miles northwest to the Peachland Forest Service Road (F.S.R) which is taken for
a further 4 miles west to the Glen Lake F.S.R which is then taken approximately
1 mile southwest to the main areas of interest within the claims.

The Marg property is situated in the southern Okanagan area of British Columbia.
The region has a relatively dry climate, and snow cover in winter is generally
moderate. The climate in the area is semi arid with moderately warm summers and
cold dry winters. Typical temperature ranges are from mid to upper 80's F in
summer and 15 to -5 F in winter. Within the Marg property elevations range from
3773 feet in the main valley bottom in the eastern portion of the claims to over
5577 feet in the western portion of the claims. Slopes are generally moderate
however small bluffs and steeper slopes do occur near the central portions of
the claims. For the most part vegetation consists of jackpine forest, some of
which has been infected with pine beetles.

At the current time the property is without known reserves and the proposed
program is exploratory in nature. We began Phase 1 of the exploration work on
the claim in mid-November 2007. The cost of exploration work on the property is
disclosed in detail in the Plan of Operation section of this report.

There is not a plant or any equipment currently located on the property. The
initial exploration phases will be supported by generators, however; hydro
electrical power lines are located in the area. Water required for exploration
and development of the claim is available from the major river drainages that
flow year round as well as many subsidiary creeks.

The initial phase of exploration consists of soil sampling along with some
initial geophysical test surveys, data evaluation and reporting. Following phase
one of the exploration program, if it proves successful in identifying mineral
deposits, and we are able to raise the necessary funds, of which there is no
guarantee, we intend to proceed with phase two of our exploration program which
will take approximately three months to complete.

                                       3
<PAGE>
We will require additional funding to proceed with any subsequent recommended
drilling work on the claim. We cannot provide investors with any assurance that
we will be able to raise sufficient funds to fund any work after the first phase
of the exploration program.

The discussions contained herein are management's estimates. Because we have
only recently commenced our exploration program we cannot provide a more
detailed discussion of our plans if we find a viable store of minerals on our
property, as there is no guarantee that exploitable mineralization will be
found, the quantity or type of minerals if they are found and the extraction
process that will be required. We are also unable to assure investors we will be
able to raise the additional funding to proceed with any subsequent work on the
claims if mineralization is found in Phase 1.

ACQUISITION OF THE MINERAL PROPERTY

CLAIM DETAILS

The Marg property consists of 5 Mineral Title Online (M.T.O) cells listed under
tenure numbers 550572-550576 and were acquired on January 29, 2007 (see
following table). The claims were staked to cover the Marg minfile occurrence as
highlighted in government records and website.

<TABLE>
<CAPTION>
Tenure Number    Tenure Type   Claim Name     Owner         Map Number    Good To Date    Status    Area
-------------    -----------   ----------     -----         ----------    ------------    ------    ----
<S>              <C>           <C>           <C>            <C>           <C>             <C>      <C>
   550572          Mineral       MARG1A      207230  100%      082E       2009/jan/29      GOOD    521.36
   550573          Mineral       MARG1B      207230  100%      082E       2009/jan/29      GOOD    521.481
   550574          Mineral       MARG1C      207230  100%      082E       2009/jan/29      GOOD    521.607
   550575          Mineral       MARG1D      207230  100%      082E       2009/jan/29      GOOD    519.508
   550576          Mineral       MARG1E      207230  100%      082E       2009/jan/29      GOOD    119.93
</TABLE>

REQUIREMENTS OR CONDITIONS FOR RETENTION OF TITLE

Title to the property has already been granted to our president and director,
Dr. Raminder Badyal, who holds the claim in trust for the Company. To obtain a
Free Miner's Certificate, which is required to hold a mining claim in British
Columbia, Section 8(1) of the B.C. Mineral Tenure Act (MTA) stipulates that a
corporation must be registered under the British Columbia Business Corporations
Act. Section 8(2) of the MTA stipulates that an individual applicant must either
be a resident of Canada or be authorized to work in Canada. As the corporation
is not registered in British Columbia the claim is held in trust for the Company
by Dr. Badyal, a Canadian citizen. The mineral title claim has been registered
with the Government of British Columbia and a title search has been done to
ensure there are no competing claims to the property.

All claims staked in British Columbia require $4 per hectare worth of assessment
work to be undertaken in year 1 through 3, followed by $8 per hectare per year
thereafter. For the Marg mineral claim this would require $8,816 in exploration
costs for year 1 through 3, and $17,632 per year thereafter. In order to retain
title to the property exploration work costs must be recorded and filed with the
British Columbia Department of Energy Mines and Petroleum Resources ("BCDM").

                                       4
<PAGE>
LOCATION, ACCESS, LOCAL RESOURCES & INFRASTRUCTURE

The Marg (Minfile Marg 082ENW108) property is located approximately 11 miles
west of Peachland or 7 miles south of the past producing Brenda Mine open pit
copper and molybdenum mine in southern British Columbia. The claims are most
easily accessed from Hwy 97 at Peachland with the Brenda Mine road taken for 6
miles northwest to the Peachland Forest Service Road (F.S.R) which is taken for
a further 4 miles west to the Glen Lake F.S.R which is then taken approximately
1 mile southwest to the main areas of interest within the claims.

CLIMATE, TOPOGRAPHY AND PHYSIOGRAPHY

The Marg property is situated in the southern Okanagan area of British Columbia.
The region has a relatively dry climate, and snow cover in winter is generally
moderate. The climate in the area is semi arid with moderately warm summers and
cold dry winters. Typical temperature ranges are from mid to upper 80's F in
summer and 15 to -5 F in winter. Within the Marg property elevations range from
3773 feet in the main valley bottom in the eastern portion of the claims to over
5577 feet in the western portion of the claims. Slopes are generally moderate
however small bluffs and steeper slopes do occur near the central portions of
the claims. For the most part vegetation consists of jackpine forest, some of
which has been infected with pine beetles.

HISTORY AND PREVIOUS WORK

The earliest record of work in the area dates back to the late 1800's to the
north at the Silver King mineral occurrence, with a substantial increase in
modern exploration in the area resulting from the discovery of the Brenda Mine
in the late 1960's.

On the Marg property trenching was apparently carried out by Don Agur of
Summerland in the early 1960s to expose a potassic alteration zone.
Subsequently, percussion drilling was reportedly carried out by Juniper Mines
Ltd. and Maverick Mines. No reports exist of this work and some confusion lies
with the adjacent Decano mineral occurrence. Ian Sutherland completed a
geochemical survey in 1979 and did some prospecting in 1982.

The presence of reported trenches and percussion holes will have to be confirmed
during the recommended field program.

REGIONAL GEOLOGY

The property lies in the eastern parts of the Intermontane Belt of the
(southern) Canadian Cordillera. This area is dominated by two large granitoid
batholiths. In the north the `Triassic age Pennask batholith (orange) is
predominantly granodiorite, while to the south the younger Jurassic age Osprey
Lake batholith (pink) is more granitic. North of Kathleen Mountain and west of
Siwash Lake occur large areas underlain by Nicola Group (Late Triassic) volcanic
(green) and sedimentary rocks (pale yellow). All rocks are unconformably
overlain in places by Eocene aged Penticton Group andesitic volcanic rocks (pale
green).

The Marg property occurs at the southern end of the Pennask Batholith which
previous reports indicates is comprised of granodiorite with varying degree's of
potassic and sericite alteration.

                                       5
<PAGE>
LOCAL AND PROPERTY MINERALIZATION

Mineralization in the area is dominated by the past producing copper and
molybdenum porphyry deposit (Brenda Mine) located approximately 7 miles north of
the Marg Property.

Within the Marg claims trenching was apparently carried out by Don Agur of
Summerland in the early 1960s to expose a potassic alteration zone.
Subsequently, percussion drilling was reportedly carried out by Juniper Mines
Ltd. and Maverick Mines. No reports exist of this work; however references are
made to this work in later reports. Ian Sutherland completed a geochemical
survey in 1979 and did some prospecting in 1982. A strongly altered potassic
zone occurs in granodiorite and contains chalcopyrite in fractures. The area is
well fractured with major fractures trending northeast-southwest. Assessment
Report 7790 states that an average assay of 0.87 per cent copper came from a
125-metre trench from the early 1960s.

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from our property as we hold all interest and rights to the claim.
Readily available commodities markets exist in Canada and around the world for
the sale of gold, silver, copper and other minerals. Therefore, we will likely
be able to sell any gold, copper or other minerals that we are able to recover.

We will be subject to competition and unforeseen limited sources of supplies in
the industry in the event spot shortages arise for supplies such as dynamite,
and certain equipment such as bulldozers and excavators that we will need to
conduct exploration. If we are unsuccessful in securing the products, equipment
and professional services we need we may have to suspend our exploration plans
until we are able to do so.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in Canada generally, and in British Columbia specifically.

The initial steps of exploration can be carried out without permitting or
notification to any government body as it is deemed "low-disturbance/low-impact"
by the British Columbia Department of Energy Mines and Petroleum Resources
(BCDM).

                                       6
<PAGE>
With respect to the mechanized trenching or diamond drilling a plan of operation
will need to be filed with the BCDM. This plan will detail the extent, location
and amount of surface disturbance for the trenching and/or drilling. As the
amount of trenching and drilling (initially) will be limited, the permit should
be issued within 30 days. We will be required to obtain a refundable bond in the
amount of $3,000 - $5,000 (depending on the anticipated amount of disturbance).
The bond is to ensure that we reclaim or repair the disturbance caused by the
trenching and drilling. Usually this reclaiming work entails filling in and
smoothing the surface at trenching sites, clean up and removal of any work
material, and seeding native grass/plants at the site of any disturbance.

In the event that trees larger than 6 inches in diameter need to be cut down, a
permit will need to be obtained from the BC Ministry of Forests. This usually
takes less than 30 days to obtain. We will try to adjust the areas we work at
and trench around larger trees (initially) to avoid any disturbance to larger
trees. If the disturbance to larger trees is unavoidable then a permit to cut
will be obtained.

There are nominal costs involved in obtaining the BCDM or Forestry permits (less
than $100.00). The bond required by the BCDM is returned (with interest) upon
proper clean up of the site. There will be costs for the crew and equipment
required to fill in the trenches etc., but as heavy equipment is available
locally, and the amount of disturbance is expected to be minimal, the costs will
be most likely be less than $2,000. (1 day - crew & equipment)

All claims staked in British Columbia require $4 per hectare worth of assessment
work to be undertaken in year 1 through 3, followed by $8 per hectare per year
thereafter. In order to retain title to the property exploration work costs must
be recorded and filed with the British Columbia Department of Energy Mines and
Petroleum Resources ("BCDM"). The BCDM charges a filing fee, equal to 10% of the
value of the work recorded, to record the work.

PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any copyright, trademark or patent applications on an
ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for our
products or services.

RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.

NUMBER OF EMPLOYEES

We currently have one employee, which is our executive officer, Raminder Badyal.
Dr. Badyal currently devotes 5 to 10 hours per week to company matters and after
receiving funding he plans to devote as much time as the board of directors
determines is necessary to manage the affairs of the company. There are no
formal employment agreements between the company and Dr. Badyal.

                                       7
<PAGE>
REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We also make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules of
Regulation S-B for a small business issuer under the Securities Exchange Act of
1934. We are subject to disclosure filing requirements including filing Form
10-K annually and Form 10-Q quarterly. In addition, we will file Form 8-K and
other proxy and information statements from time to time as required. We do not
intend to voluntarily file the above reports in the event that our obligation to
file such reports is suspended under the Exchange Act. The public may read and
copy any materials that we file with the Securities and Exchange Commission,
("SEC"), at the SEC's Public Reference Room at 100 F Street NE, Washington, DC
20549. The public may obtain information on the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an
Internet site (http://www.sec.gov) that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the SEC.

ITEM 1A.  RISK FACTORS

WE ARE AN EXPLORATION STAGE COMPANY BUT HAVE NOT YET COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIM. WE EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE
FUTURE.

     We commenced exploration on the Marg mineral property in mid-November 2007
     but have not received a geological analysis. Accordingly, we have no way to
     evaluate the likelihood that our business will be successful. We were
     incorporated on December 26, 2006 and to date have been involved primarily
     in organizational activities and the acquisition of our mineral claim. We
     have not earned any revenues as of the date of this annual report.
     Potential investors should be aware of the difficulties normally
     encountered by new mineral exploration companies and the high rate of
     failure of such enterprises. The likelihood of success must be considered
     in light of the problems, expenses, difficulties, complications and delays
     encountered in connection with the exploration of the mineral properties
     that we plan to undertake. These potential problems include, but are not
     limited to, unanticipated problems relating to exploration, and additional
     costs and expenses that may exceed current estimates. Prior to completion
     of our exploration stage, we anticipate that we will incur increased
     operating expenses without realizing any revenues. We expect to incur
     significant losses into the foreseeable future. We recognize that if we are
     unable to generate significant revenues from development of the Marg
     mineral property and the production of minerals from the claim, we will not
     be able to earn profits or continue operations. There is no history upon
     which to base any assumption as to the likelihood that we will prove
     successful, and it is doubtful that we will generate any operating revenues
     or ever achieve profitable operations. If we are unsuccessful in addressing
     these risks, our business will most likely fail.

BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR
BUSINESS HAS A HIGHER RISK OF FAILURE.

     Our director has no professional training or technical credentials in the
     field of geology and specifically in the areas of exploring, developing and
     operating a mine. As a result, we may not be able to recognize and take
     advantage of potential acquisition and exploration opportunities in the

                                       8
<PAGE>
     sector without the aid of qualified geological consultants. Management's
     decisions and choices may not take into account standard engineering or
     managerial approaches mineral exploration companies commonly use.
     Consequently our operations, earnings and ultimate financial success may
     suffer irreparable harm as a result.

OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR KITCHER RESOURCES WHICH
INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR FINANCIAL STATUS
CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN.

     As described in Note 1 of our accompanying financial statements, our
     limited exploration stage and our lack of any guaranteed sources of future
     capital create substantial doubt as to our ability to continue as a going
     concern. If our business plan does not work, we could remain as a start-up
     company with limited operations and revenues.

THERE IS THE RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE
RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

     No known bodies of commercial ore or economic deposits have been
     established on our properties. Even in the event commercial quantities of
     minerals are discovered, the exploration property might not be brought into
     a state of commercial production. Finding mineral deposits is dependent on
     a number of factors, including the technical skill of exploration personnel
     involved. The commercial viability of a mineral deposit once discovered is
     also dependent on a number of factors, some of which are particular
     attributes of the deposit, such as size, grade and proximity to
     infrastructure, as well as metal prices.

IF WE DISCOVER COMMERCIAL RESERVES OF PRECIOUS METALS ON OUR MINERAL PROPERTY,
WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE
MINERAL CLAIMS INTO COMMERCIAL PRODUCTION.

     If our exploration program is successful in establishing ore of commercial
     tonnage and grade, we will require additional funds in order to advance the
     claim into commercial production. Obtaining additional financing would be
     subject to a number of factors, including the market price for the
     minerals, investor acceptance of our claims and general market conditions.
     These factors may make the timing, amount, terms or conditions of
     additional financing unavailable to us. The most likely source of future
     funds presently available to us is through the sale of equity capital. Any
     sale of share capital will result in dilution to existing shareholders. We
     may be unable to obtain any such funds, or to obtain such funds on terms
     that we consider economically feasible and you may lose your investment in
     this offering.

GOVERNMENT REGULATION OR OTHER LEGAL UNCERTAINTIES MAY INCREASE COSTS AND OUR
BUSINESS WILL BE NEGATIVELY AFFECTED.

     There are several governmental regulations that materially restrict mineral
     claim exploration and development. Under Canadian mining law, engaging in
     certain types of exploration requires work permits, the posting of bonds,
     and the performance of remediation work for any physical disturbance to the
     land. While these current laws will not affect our initial exploration
     phase, if we identify exploitable minerals and proceed to phase two which
     includes drilling operations on the Marg mineral property, we will incur
     regulatory compliance costs based upon the size and scope of our
     operations. In addition, new regulations could increase our costs of doing
     business and prevent us from exploring for and the exploitation of ore
     deposits. In addition to new laws and regulations being adopted, existing
     laws may be applied to mining that have not as yet been applied. These new
     laws may increase our cost of doing business with the result that our
     financial condition and operating results may be harmed.

                                       9
<PAGE>
BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM
OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY.

     Our continued success will be dependent on the growth of demand for ore. If
     consumer demand slows our revenues may be significantly affected. This
     could limit our ability to generate revenues and our financial condition
     and operating results may be harmed.

THE LOSS OF THE SERVICES OF RAMINDER BADYAL COULD SEVERELY IMPACT OUR BUSINESS
OPERATIONS AND FUTURE DEVELOPMENT.

     Our performance is substantially dependent upon the professional expertise
     of our officer Raminder Badyal. The loss of his services could have an
     adverse effect on our business operations, financial condition and
     operating results if we are unable to replace him with other individuals
     qualified to develop our exploration business. This could result in a loss
     of revenues, resulting in a reduction of the value of any shares you
     purchase in this offering.

BECAUSE OUR CURRENT OFFICER HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR
WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS,
CAUSING OUR BUSINESS TO FAIL.

     Dr. Badyal currently devotes approximately 5 to 10 hours per week providing
     management services to us. While he presently possesses adequate time to
     attend to our interests, it is possible that the demands on him from his
     other obligations could increase, with the result that he would no longer
     be able to devote sufficient time to the management of our business. This
     could negatively impact our business development.

ITEM 2. PROPERTIES

We lease shared office facilities at Suite 138 - 1027 Davie Street, Vancouver,
BC and currently pay approximately $20 per month. The facilities include
answering services, fax services, secretarial services, reception area and
shared office and boardroom meeting facilities which are all available on a pay
per use basis. We intend to use these facilities for the time being until we
feel we have outgrown them. We currently have no investment policies as they
pertain to real estate, real estate interests or real estate mortgages.

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings and we are not aware of
any pending or potential legal actions.

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

There were no matters submitted to a vote of the security holders during the
year ended January 31, 2008.

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our shares are quoted on the Over-the-Counter Electronic Bulletin Board (OTCBB)
under the symbol KTCH. The OTCBB is a regulated quotation service that displays
real-time quotes, last sale prices and volume information in over-the-counter
securities. The OTCBB is not an issuer listing service, market or exchange.
Although the OTCBB does not have any listing requirements per se, to be eligible

                                       10
<PAGE>
for quotation on the OTCBB issuers must remain current in their filings with the
SEC or applicable regulatory authority. Market Makers are not permitted to begin
quotation of a security whose issuer does not meet this filing requirement.
Securities already quoted on the OTCBB that become delinquent in their required
filings will be removed following a 30 or 60 day grace period if they do not
make their required filing during that time. We cannot guarantee that we will
continue to have the funds required to remain in compliance with our reporting
obligations.

There has been no active trading of our securities, and, therefore, no high and
low bid pricing. As of the date of this report Kitcher Resources had 26
shareholders of record. We have paid no cash dividends and have no outstanding
options.

PENNY STOCK RULES

The Securities and Exchange Commission has also adopted rules that regulate
broker-dealer practices in connection with transactions in penny stocks. Penny
stocks are generally 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, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or
system).

A purchaser is purchasing penny stock which limits the ability to sell the
stock. Our shares constitute penny stock under the Securities and Exchange Act.
The shares will remain penny stocks for the foreseeable future. The
classification of penny stock makes it more difficult for a broker-dealer to
sell the stock into a secondary market, which makes it more difficult for a
purchaser to liquidate his/her investment. Any broker-dealer engaged by the
purchaser for the purpose of selling his or her shares in us will be subject to
Rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than
creating a need to comply with those rules, some broker-dealers will refuse to
attempt to sell penny stock.

The penny stock rules require a broker-dealer, prior to a transaction in a penny
stock not otherwise exempt from those rules, to deliver a standardized risk
disclosure document, which:

     -    contains a description of the nature and level of risk in the market
          for penny stock in both public offerings and secondary trading;
     -    contains a description of the broker's or dealer's duties to the
          customer and of the rights and remedies available to the customer with
          respect to a violation of such duties or other requirements of the
          Securities Act of 1934, as amended;
     -    contains a brief, clear, narrative description of a dealer market,
          including "bid" and "ask" price for the penny stock and the
          significance of the spread between the bid and ask price;
     -    contains a toll-free telephone number for inquiries on disciplinary
          actions;
     -    defines significant terms in the disclosure document or in the conduct
          of trading penny stocks; and
     -    contains such other information and is in such form (including
          language, type, size and format) as the Securities and Exchange
          Commission shall require by rule or regulation;

The broker-dealer also must provide, prior to effecting any transaction in a
penny stock, to the customer:

     -    the bid and offer quotations for the penny stock;
     -    the compensation of the broker-dealer and its salesperson in the
          transaction;
     -    the number of shares to which such bid and ask prices apply, or other
          comparable information relating to the depth and liquidity of the
          market for such stock; and
     -    monthly account statements showing the market value of each penny
          stock held in the customer's account.

                                       11
<PAGE>
In addition, the penny stock rules require that prior to a transaction in a
penny stock not otherwise exempt from those rules; the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement to transactions involving
penny stocks, and a signed and dated copy of a written suitability statement.
These disclosure requirements will have the effect of reducing the trading
activity in the secondary market for our stock because it will be subject to
these penny stock rules. Therefore, stockholders may have difficulty selling
their securities.

REPORTS

We are subject to certain filing requirements and will furnish annual financial
reports to our stockholders, certified by our independent accountant, and will
furnish un-audited quarterly financial reports in our quarterly reports filed
electronically with the SEC. All reports and information filed by us can be
found at the SEC website, www.sec.gov.

TRANSFER AGENT

The company has retained Holladay Stock Transfer, Inc. of 2939 North 67th Place,
Suite C, Scottsdale, Arizona as transfer agent.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

RESULTS OF OPERATIONS

We are still in our exploration stage and have not generated any revenue.

We incurred operating expenses of $16,970 and $8,088 for the years ended January
31, 2008 and 2007, respectively. These expenses consisted of general operating
expenses incurred in connection with the day to day operation of our business
and the preparation and filing of our periodic reports and registration
statement.

Our net loss from inception (December 26, 2006) through January 31, 2008 was
$25,058.

Our auditors expressed their doubt about our ability to continue as a going
concern unless we are able to raise additional capital and ultimately to
generate profitable operations. We cannot continually incur operating losses in
the future and may decide that we can no longer continue with our business
operations as detailed in our original business plan because of a lack of
exploration and financial results and available financial resources. We may need
to look for other potential business opportunities that might be available.
There can be no assurances that any other business opportunities will be
available nor can there be any certainties of the business industry of the
opportunity that might be available nor any indication of the financial
resources required.

LIQUIDITY AND CAPITAL RESOURCES

Our cash in the bank at January 31, 2008 was $46,148 and our liabilities were
$1,206. We have sold $70,000 in equity securities since inception, $20,000 from
the sale of 20,000,000 shares of stock to our officer and director and $50,000
from the sale of 10,000,000 shares registered pursuant to our SB-2 Registration
Statement which became effective on June 4, 2007. The offering was completed on
June 25, 2007.

                                       12
<PAGE>
OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

BUSINESS OPERATIONS OVERVIEW

Our plan of operation for the next twelve months is to complete the first phase
of exploration programs on the Marg mineral property consisting of soil sampling
and prospecting, geochemical analyses; data evaluation and reporting. On October
31, 2007, the Company forwarded $5,000 to commence work on the Phase I
exploration program. In addition to the remaining $10,000 we anticipate spending
for Phase I of the exploration program as outlined below, we anticipate spending
an additional $13,000 on professional fees, including fees payable in connection
with compliance with ongoing reporting obligations, general administrative
costs, and lease option payments. Total expenditures over the next 12 months are
therefore expected to be $23,000.

MARG COST PROPOSAL

     PHASE 1                                              COST
     -------                                              ----

     Soil sampling and prospecting (14 mandays)           7,000
     Geochemical Analyses (150 soils, 50 rocks)           5,000
     Data evaluation and reporting                        2,000
     Contingency                                          1,000
                                                         ------
     Subtotal                                            15,000
                                                         ------

     PHASE 2
     Geophysical Surveys ( 35 km Mag-VLF)                35,000
     Trenching- excavator (100 hours @ $125/hr)          12,500
     Trenching-sampling (500 rocks)                      12,500
     Geological supervision                               5,000
     Data evaluation and reporting                        5,000
     Contingency                                          5,000
     Subtotal                                            75,000
                                                         ------

     GRAND TOTAL                                         90,000
                                                         ======

The above program costs are management's estimates based upon the
recommendations of the professional geologist's report and the actual project
costs may exceed our estimates.

Phase one of the exploration program on the Marg claim began in mid November
2007 and we have not received any geological analysis of the work. Following
phase one of the exploration program, if it proves successful in identifying
mineral deposits and we are able to raise the necessary funds, of which there is
no guarantee, we intend to proceed with phase two of our exploration program.
The estimated cost of this program is $75,000.

Subject to the success of phase one of the exploration program and financing, we
anticipate commencing the second phase of our exploration program in Summer/Fall
2008. We will require additional funding to proceed with any subsequent
recommended drilling work on the claim. We cannot provide investors with any
assurance that we will be able to raise sufficient funds to fund any work after
the first phase of the exploration program.

                                       13
<PAGE>
ITEM 8. FINANCIAL STATEMENTS

MOORE & ASSOCIATES, CHARTERED
  ACCOUNTANTS AND ADVISORS
     PCAOB REGISTERED

To the Board of Directors
Kitcher Resources Inc.
(An Exploration Stage Company)

We have audited the  accompanying  balance sheets of Kitcher  Resources Inc. (An
Exploration  Stage  Company) as of January 31 , 2008 and January 31 . 2007,  and
the related  statements of operations,  stockholders'  equity and cash flows for
the years ended  January 31,  2008 and January 31, 2007 and since  inception  on
December 26, 2006 through January 31 , 2008 These  financial  statements are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these 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
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the  financial  position of Kitcher  Resources  Inc. (A
Development  Stage.  Company) as of January 31 , 2008 and January 31 , 2007, and
the related  statements of operations,  stockholders'  equity and cash flows for
the years ended  January 31 , 2008 and January 31, 2007 and since  inception  on
December  26, 2006 through  January 31,  2008,  in  conformity  with  accounting
principles generally accepted in the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 1 to the
financial  statements,  the  Company has  incurred a net loss of $25,058,  which
raises  substantial  doubt  about its  ability to  continue  as a going  concern
Management s plans  concerning  these matters are also described in Note I . The
financial statements do not include any


/s/ Moore & Associates, chartered
----------------------------------------
Moore & Associates Chartered
Las Vegas, Nevada
April 22, 2008

                                       14
<PAGE>
                             KITCHER RESOURCES INC.
                         (An Exploration Stage Company)
                                 Balance Sheets
                                    (Audited)

<TABLE>
<CAPTION>
                                                                         January 31,        January 31,
                                                                            2008               2007
                                                                          --------           --------
<S>                                                                       <C>                <C>
                                   A S S E T S

CURRENT ASSETS
  Cash                                                                    $ 46,148           $ 20,000
                                                                          --------           --------

      Total  Assets                                                       $ 46,148           $ 20,000
                                                                          ========           ========

                                  L I A B I L I T I E S

CURRENT LIABILITIES
  Accounts Payable and Accrued Liabilities                                $  1,206           $  6,750
  Payable to Director                                                           --              1,338
                                                                          --------           --------

      Total Current Liabilities                                              1,206              8,088
                                                                          --------           --------
                           S T O C K H O L D E R S ' E Q U I T Y

Common Stock
  75,000,000 authorized shares, par value $.001
  70,000,000 shares issued and outstanding
  January 31, 2008 - 30,000,000 (2007 - 20,000,000)                         30,000             20,000
  Additional paid in capital                                                40,000                 --
  Deficit accumulated during exploration stage                             (25,058)            (8,088)
                                                                          --------           --------

      Total Stockholders' Equity                                            44,942             11,912
                                                                          --------           --------

      Total Liabilities and Stockholders' Equity                          $ 46,148           $ 20,000
                                                                          ========           ========
</TABLE>


                 See accompanying notes to financial statements

                                       15
<PAGE>
                              KITCHER RESOURCES INC
                         (An Exploration Stage Company)
                             Statement of Operations
                                   (Audited)

<TABLE>
<CAPTION>
                                                                     Period from               Period from
                                                                   December 26, 2006        December 26, 2006
                                                Year Ended      (Date of inception) to   (Date of inception) to
                                                January 31,           January 31,              January 31,
                                                   2008                  2007                     2008
                                                -----------           -----------              -----------
<S>                                             <C>                   <C>                      <C>
Revenues:
  Revenues                                      $        --           $        --              $        --
                                                -----------           -----------              -----------

      Total Revenues                                     --                    --                       --
                                                -----------           -----------              -----------
EXPENSES:
  Operating Expenses
    Exploration Expenses                              5,000                 5,000                   10,000
    Impairment of Mineral Property                       --                   748                      748
    General and Adminstrative                         1,428                   840                    2,268
    Professional Fees                                 5,600                 1,500                    7,100
    Transfer Agent/Regulatory/Filing                  4,942                    --                    4,942
                                                -----------           -----------              -----------
      Total Expenses                                 16,970                 8,088                   25,058
                                                -----------           -----------              -----------

Net loss from Operations                            (16,970)               (8,088)                 (25,058)

PROVISION FOR INCOME TAXES:
  Net Income (Loss) for the period              $   (16,970)          $    (8,088)             $   (25,058)
                                                ===========           ===========              ===========

Basic and Diluted Earnings Per Common Share           (0.00)                (0.00)                   (0.00)
                                                -----------           -----------              -----------

Weighted Average number of Common Shares         25,643,836            20,000,000               25,175,879
                                                ===========           ===========              ===========
</TABLE>


                 See accompanying notes to financial statements

                                       16
<PAGE>
                             KITCHER RESOURCES INC.
                         (An Exploration Stage Company)
                        Statement of Stockholders' Equity
      For the period from December 26, 2006 (inception) to January 31, 2008
                                    (Audited)

<TABLE>
<CAPTION>
                                                                                                 Deficit
                                                                                               Accumulated
                                                                               Additional        During           Total
                                                                   $0.001        Paid-In       Exploration     Stockholders'
                                                   Shares        Par Value       Capital          Stage           Equity
                                                   ------        ---------       -------          -----           ------
<S>                                               <C>            <C>            <C>              <C>             <C>
Balance, December 26, 2006 (Date of Inception)           --       $    --        $    --        $     --         $     --

Stock Issued for cash at $0.001 per share
 on December 29, 2006                            20,000,000        20,000             --              --           20,000

Net loss for the period                                  --            --             --          (8,088)          (8,088)
                                                 ----------       -------        -------        --------         --------

Balance, January 31, 2007                        20,000,000        20,000             --          (8,088)          11,912

Stock Issued for cash at $0.005 per share        10,000,000        10,000         40,000              --           50,000
 on July 9, 2007

Net loss for the year                                    --            --             --         (16,970)         (16,970)
                                                 ----------       -------        -------        --------         --------

Balance, January 31, 2008                        30,000,000       $30,000        $40,000        $(25,058)        $ 44,942
                                                 ==========       =======        =======        ========         ========
</TABLE>


                 See accompanying notes to financial statements

                                       17
<PAGE>
                              KITCHER RESOURCES INC
                         (An Exploration Stage Company)
                             Statement of Operations
                                    (Audited)

<TABLE>
<CAPTION>
                                                                       Period from               Period from
                                                                    December 26, 2006         December 29, 2006
                                                Year Ended        (Date of inception) to    (Date of inception) to
                                                January 31,             January 31,               February 3,
                                                   2008                    2007                      2008
                                                 --------                --------                  --------
<S>                                              <C>                     <C>                       <C>
OPERATING ACTIVITIES:
  Net (Loss)                                     $(16,970)               $ (8,088)                 $(25,058)
  Adjustments to reconcile net loss
   to net cash used in operating activities:
     Impairment of mineral property                    --                     748                       748
     Accounts Payable                              (5,544)                  6,750                     1,206
                                                 --------                --------                  --------

Net Cash Used in from Operating Activities        (22,514)                   (590)                  (23,104)
                                                 --------                --------                  --------
INVESTING ACTIVITIES:
  Mineral Property Acquisition                         --                    (748)                     (748)
                                                 --------                --------                  --------

Net Cash Used in Investing Activities                  --                    (748)                     (748)
                                                 --------                --------                  --------
FINANCING ACTIVITIES:
  Common Stock issued for cash                     50,000                  20,000                    70,000
  Advance from Related Party                       (1,338)                  1,338                        --
                                                 --------                --------                  --------

Net Cash Provided by Financing Activities          48,662                  21,338                    70,000
                                                 --------                --------                  --------

Net Increase in Cash                               26,148                  20,000                    46,148

Cash Balance,  Begin Period                        20,000                      --                        --
                                                 --------                --------                  --------

Cash Balance,  End Period                        $ 46,148                $ 20,000                  $ 46,148
                                                 ========                ========                  ========
Supplemental Information:
  Tax                                                  --                      --
                                                 --------                --------
  Interest                                             --                      --
                                                 --------                --------
</TABLE>


                 See accompanying notes to financial statements

                                       18
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
   POLICIES

DESCRIPTION  OF  BUSINESS  AND  HISTORY  -  Kitcher  Resources  Inc.,  a  Nevada
corporation,  (hereinafter referred to as the "Company" or "Kitcher Resources ")
was  incorporated  in the State of Nevada on December 26, 2006.  The Company was
formed to engage in the  acquisition,  exploration  and  development  of natural
resource  properties.  The Company  acquired  mineral  claims during the initial
period ending January 31, 2007 for $748.

The Company's operations have been limited to general administrative operations,
and initial  property  staking and  investigation,  and is  considered  to be an
Exploration  Stage Company in accordance with Statement of Financial  Accounting
Standards No. 7.

The  Company  will review and further  develop  the  accounting  policies as the
business plan is implemented.

The Company's SB-2 registration  statement that was initially filed on March 25,
2007 with the  Securities  and  Exchange  Commission  (SEC) in order to raise an
aggregate amount of $50,000 from the sale of 10,000,000  common shares at $0.005
per  share,  was  declared  effective  by the SEC on June 4, 2007.  The  Company
completed  the  offering as of July 9 2007 and raised  $50,000  from the sale of
10,000,000 common shares at $0.005 per share.

GOING CONCERN - The Company incurred net losses of approximately $25,058 for the
period from December 26, 2006 (Date of Inception)  through  January 31, 2008 and
has commenced limited operations,  raising substantial doubt about the Company's
ability to continue as a going concern. The Company will seek additional sources
of capital through the issuance of debt or equity financing, but there can be no
assurance the Company will be successful in accomplishing its objectives.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
additional  sources  of  capital  and the  success of the  Company's  plan.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

YEAR END - The Company's year end is January 31.

USE OF ESTIMATES - The  preparation  of the  financial  statements in conformity
with  generally  accepted  accounting  principles  requires  management  to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial  statements and the reported amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

                                       19
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
   POLICIES (continued)

INCOME  TAXES - The Company  accounts for its income  taxes in  accordance  with
Financial  Accounting Standards Board ("FASB") Statement of Financial Accounting
Standards  ("SFAS") No. 109, which  requires  recognition of deferred tax assets
and liabilities for future tax consequences  attributable to differences between
the financial  statement carrying amounts of existing assets and liabilities and
their  respective tax basis and tax credit carry  forwards.  Deferred tax assets
and  liabilities  are  measured  using  enacted  tax rates  expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.  The effect on deferred tax assets and liabilities of a
change in tax rates is  recognized in operations in the period that includes the
enactment date.

The Company has net operating loss carryovers  available to be used for reducing
future years taxable income. The Company has recorded a valuation  allowance for
the full  potential  tax benefit of the  operating  loss  carryovers  due to the
uncertainty regarding realization.

NET  LOSS  PER  COMMON  SHARE - The  Company  computes  net  loss  per  share in
accordance  with  SFAS No.  128,  Earnings  per Share  (SFAS  128) and SEC Staff
Accounting  Bulletin No. 98 (SAB 98).  Under the  provisions of SFAS 128 and SAB
98, basic net loss per share is computed by dividing  the net loss  available to
common  stockholders  for the period by the weighted average number of shares of
common stock outstanding  during the period. The calculation of diluted net loss
per share gives effect to common stock  equivalents;  however,  potential common
shares are  excluded  if their  effect is  anti-dilutive.  For the  period  from
December 26, 2006 (Date of Inception)  through January 31, 2008, the Company had
no potentially dilutive securities.

STOCK-BASED  COMPENSATION  - The Company has not adopted a stock option plan and
has not granted any stock options.  Accordingly no stock-based  compensation has
been recorded to date.

LONG-LIVED ASSETS - In accordance with FASB SFAS No. 144, "Accounting for the
Impairment or Disposal of Long-Lived  Assets",  the carrying value of intangible
assets  and other  long-lived  assets  is  reviewed  on a regular  basis for the
existence of facts or  circumstances  that may suggest  impairment.  The Company
recognizes  impairment  when the sum of the  expected  undiscounted  future cash
flows is less than the carrying amount of the asset.  Impairment losses, if any,
are  measured  as the  excess  of the  carrying  amount  of the  asset  over its
estimated fair value.

                                       20
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
   POLICIES (continued)

MINERAL PROPERTY COSTS - The Company has been in the exploration stage since its
inception on December  26, 2006 and has not yet  realized any revenues  from its
planned operations,  being the acquisition and exploration of mining properties.
Mineral property  exploration  costs are expensed as incurred.  Mineral property
acquisition costs are initially  capitalized when incurred using the guidance in
EITF 04-02,  "Whether  Mineral  Rights Are Tangible or Intangible  Assets".  The
Company  assesses  the  carrying  costs  for  impairment  under  SFAS  No.  144,
"Accounting  for  Impairment  or Disposal  of Long Lived  Assets" at each fiscal
quarter  end.  When  it has  been  determined  that a  mineral  property  can be
economically developed as a result of establishing proven and probable reserves,
the costs then incurred to develop such property,  are  capitalized.  Such costs
will be amortized using the  units-of-production  method over the estimated life
of the probable  reserve.  If mineral  properties are subsequently  abandoned or
impaired, any capitalized costs will be charged to operations.

RECENT ACCOUNTING PRONOUNCEMENTS

In February 2007, the Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards  No. 159, The Fair Value  Option for  Financial
Assets and Financial  Liabilities - Including an amendment of FASB Statement No.
115 ("SFAS No. 159").  This statement permits entities to choose to measure many
financial instruments and certain other items at fair value. The objective is to
improve  financial  reporting  by providing  entities  with the  opportunity  to
mitigate  volatility in reported  earnings cause by measuring related assets and
liabilities  differently  without  having  to  apply  complex  hedge  accounting
provisions.  This  Statement  is  expected  to  expand  the  use of  fair  value
measurement,   which  is  consistent  with  the  Board's  long-term  measurement
objectives for accounting for financial instruments. This statement is effective
as of the  beginning  of the  Company's  first  fiscal  year that  begins  after
November 15, 2007,  although  earlier  adoption is permitted.  As of January 31,
2008,  the  Company  has not  adopted  this  statement  and  management  has not
determined the effect that adopting this  statement  would have on the Company's
financial position or results of operations.

In December  2007,  the FASB issued  SFAS No.  160,  Noncontrolling  Interest in
Consolidated Financial Statements,  an amendment of ARB No. 51 ("SFAS No. 160"),
which will change the  accounting  and reporting for minority  interests,  which
will  be  recharacterized  as  noncontrolling  interests  and  classified  as  a
component of equity  within the  consolidated  balance  sheets.  SFAS No. 160 is
effective as of the beginning of an entity's  first fiscal year  beginning on or
after  December 15, 2008.  Earlier  adoption is  prohibited.  Management has not
determined the effect that adopting this  statement  would have on the Company's
financial position or results of operations.

                                       21
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
   POLICIES (continued)

RECENT ACCOUNTING PRONOUNCEMENTS (continued)

In  December  2007,  the FASB  issued  SFAS No.  141  (Revised  2007),  Business
Combinations  ("SFAS No.  141R").  SFAS No. 141R will change the  accounting for
business combinations. Under SFAS No. 141R, an acquiring entity will be required
to recognize all the assets acquired and liabilities assumed in a transaction at
the  acquisition-date  fair value with  limited  exceptions.  SFAS No. 141R will
change the accounting  treatment and disclosure for certain  specific items in a
business   combination.   SFAS  No.  141R  applies   prospectively  to  business
combinations  for which the acquisition date is on or after the beginning of the
entity's first annual  reporting period beginning on or after December 15, 2008.
Accordingly,  any  business  combinations  completed  by the  Company  prior  to
February  1,  2009 will be  recorded  and  disclosed  following  existing  GAAP.
Management has not determined the effect that adopting this statement would have
on the Company's financial position or results of operations.

In September  2006,  FASB issued SFAS No. 157,  Fair Value  Measure"  ("SFAS No.
157"). This Statement defines fair value,  establishes a framework for measuring
fair  value  in  generally  accepted  accounting   principles  (GAAP),   expands
disclosures  about fair value  measurements,  and applies under other accounting
pronouncements that require or permit fair value measurements. SFAS No. 157 does
not require any new fair value measurements.  However, the FASB anticipates that
for some entities, the application of SFAS No. 157 will change current practice.
SFAS No. 157 is  effective  for  financial  statements  issued for fiscal  years
beginning  after  November  15,  2007,  which for the Company is the fiscal year
beginning  February 1, 2008.  The Company is currently  evaluating the impact of
adopting SFAS No. 157 but does not expect that it will have a significant effect
on its financial position or results of operations.

In June 2006, FASB issued  Interpretation  No. 48, Accounting for Uncertainty in
Income  Taxes-an  Interpretation  of FASB  Statement  No. 109 ("FIN  48").  This
Interpretation   clarifies  the  accounting  for  uncertainty  in  income  taxes
recognized in an enterprise's  financial  statements in accordance with FASB No.
109, "Accounting for Income Taxes." This Interpretation prescribes a recognition
threshold and measurement  attribute for the financial statement recognition and
measurement  of a tax  position  taken or  expected to be taken in a tax return.
This  Interpretation  also provides guidance on  derecognition,  classification,
interest  and  penalties,   accounting  in  interim   periods,   disclosure  and
transition.  This  Interpretation  is effective for fiscal years beginning after
December 15, 2006. The Company has determined that the adoption of Statement No.
158 did not have any material  impact on the Company's  results of operations or
financial position.

                                       22
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


2. PROPERTY AND EQUIPMENT

As of January 31, 2008, the Company does not own any property and/or equipment.

3. STOCKHOLDER'S EQUITY

The Company has 75,000,000  common shares  authorized with a par value of $0.001
per share.

A total of 30,000,000 shares of the Company's common stock have been issued.

On December  29,  2006,  20,000,00  shares were issued to the  founding and sole
director of the Company pursuant to a stock subscription agreement at $0.001 per
share for total proceeds of $20,000.

On July 9, 2007 10,000,000 shares of the Company's common stock were issued at a
price of $0.005 per share for gross proceeds of $50,000.

4. RELATED PARTY TRANSACTIONS

The Company's sole director was not paid for any  underwriting  services that he
performed on behalf of the Company with respect to the Company's SB-2 prospectus
offering.

During the period ended  January 31, 2008,  the sole director and officer of the
Company incurred $1,338 of expenses on behalf of the Company. These amounts were
repaid  during the year ended January 31, 2008.  Accordingly,  as of January 31,
2008 $Nil (2007 - $1,338) is owing to this director and officer.

For all periods  presented,  there have been no other related party transactions
other than those mentioned above.

5. STOCK OPTIONS

As of January 31, 2008, the Company does not have any stock options outstanding,
nor  does  it have  any  written  or  verbal  agreements  for  the  issuance  or
distribution of stock options at any point in the future.

                                       23
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


6. INCOME TAXES

The Company  accounts for income taxes using the liability  method,  under which
deferred  tax  liabilities  and assets are  determined  based on the  difference
between the financial statement carrying amounts and the tax basis of assets and
liabilities  using  enacted  tax  rates in  effect  in the  years  in which  the
differences are expected to reverse.

As of January 31, 2008,  the Company had net  operating  loss  carryforwards  of
approximately  $25,100  which expire in varying  amounts  between 2027 and 2028.
Realization  of this  potential  future tax benefit is dependent  on  generating
sufficient  taxable  income prior to  expiration of the loss  carryforward.  The
deferred tax asset related to this potential  future tax benefit has been offset
by a valuation  allowance  in the same  amount.  The amount of the  deferred tax
asset ultimately  realizable could be increased in the near term if estimates of
future taxable income during the carryforward period are revised.

Deferred  income tax assets of  approximately  $3,759 and $1,213 at January  31,
2008 and 2007,  respectively were offset in full by a valuation  allowance.  The
valuation  allowance  was  increased by $2,546 during the year ended January 31,
2008.

The  components of the Company's net deferred tax assets,  including a valuation
allowance, are as follows:

                                                            As of January 31,
                                                          2008            2007
                                                        -------         -------
Deferred tax assets:
  Net operating loss carryforwards                      $ 3,759         $ 1,213
                                                        -------         -------
      Total deferred tax assets                           3,759           1,213
                                                        -------         -------

Net deferred tax assets before valuation allowance        3,759           1,213
Less: Valuation allowance                                (3,759)         (1,213)
                                                        -------         -------

Net deferred tax assets                                 $    --         $    --
                                                        =======         =======

                                       24
<PAGE>
                             KITCHER RESOURCES INC.
                         (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS


6. INCOME TAXES (continued)

The Company's  actual  income tax  provisions  differ from the expected  amounts
determined  by  applying  the  appropriate  combined  effective  tax rate to the
Company's  net  income  before  taxes.  The  significant   components  of  these
differences are as follows:

                                                 Year ended January 31,
                                               2008                2007
                                             --------            --------
Income before income taxes                   $ 16,970            $  8,088
Combined corporate tax rate                      15.0%               15.0%
                                             --------            --------

Expected corporate tax expense                 (2,546)             (1,213)
(Increase) decrease resulting from:
   Change in valuation allowance                2,546               1,213
                                             --------            --------

Provision for income taxes                   $     --            $     --
                                             ========            ========

                                       25
<PAGE>
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS

The directors and officers of Kitcher Resources Inc., whose one year terms will
expire 10/01/08, or at such a time as their successor(s) shall be elected and
qualified are as follows:

Name & Address               Age   Position    Date First Elected  Term Expires
--------------               ---   --------    ------------------  ------------
Raminder Badyal              37   President,       12/26/06          12/31/08
Suite 138 - 1027 Davie St.        Treasurer,
Vancouver, BC                     CFO, CEO &
Canada V6E 4L2                    Director

The foregoing person is a promoter of Kitcher Resources, as that term is defined
in the rules and regulations promulgated under the Securities and Exchange Act
of 1933.

Directors are elected to serve until the next annual meeting of stockholders and
until their successor has been elected and qualified. Officers are appointed to
serve until the meeting of the board of directors following the next annual
meeting of stockholders and until their successors have been elected and
qualified. Dr. Badyal currently devotes 5 to 10 hours per week to company
matters. He intends to devote as much time as the board of directors deems
necessary to manage the affairs of the company.

No executive officer or director of the corporation has been the subject of any
order, judgment, or decree of any court of competent jurisdiction, or any
regulatory agency permanently or temporarily enjoining, barring, suspending or
otherwise limiting him or her from acting as an investment advisor, underwriter,
broker or dealer in the securities industry, or as an affiliated person,
director or employee of an investment company, bank, savings and loan

                                       26
<PAGE>
association, or insurance company or from engaging in or continuing any conduct
or practice in connection with any such activity or in connection with the
purchase or sale of any securities.

No executive officer or director of the corporation has been convicted in any
criminal proceeding (excluding traffic violations) or is the subject of a
criminal proceeding which is currently pending.

RESUME

Dr. Raminder Badyal has been our President, Secretary, Treasurer and sole
Director since inception. He completed his undergraduate studies at the
University of British Columbia in 1992 with a Bachelor of Science
(Biopsychology) and subsequently from the Canadian Memorial Chiropractic College
with a Doctor of Chiropractic designation in 1997. Since 1997 he has developed
extensive experience in a diverse range of health care paradigms including his
private family practice in Vancouver. He has also been involved as an associate
practitioner at two multi-disciplinary health care settings namely the Main &
Marine Medical Clinic (from 1997 to 2003) and at the Burnaby Square Orthopedic &
Sports Clinic (2004 - present). Presently he has also taken on a part time
teaching position at The Vancouver School of Bodywork and Massage as a Health
Sciences Instructor. In addition, he is also involved with the community at
large in Vancouver as Co-chair of the Chief Constable's Diversity Advisory
Committee with the Vancouver Police Department (2003 - present).

ITEM 11. EXECUTIVE COMPENSATION

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                                 Change in
                                                                                  Pension
                                                                                 Value and
                                                                   Non-Equity   Nonqualified
                                                                   Incentive     Deferred       All
 Name and                                                            Plan         Compen-      Other
 Principal                                   Stock       Option     Compen-       sation       Compen-
 Position       Year   Salary     Bonus      Awards      Awards     sation       Earnings      sation     Totals
------------    ----   ------     -----      ------      ------     ------       --------      ------     ------
<S>             <C>       <C>       <C>          <C>        <C>        <C>           <C>         <C>        <C>
Raminder        2007     0         0           0            0          0            0             0         0
Badyal CEO &    2006     0         0           0            0          0            0             0         0
President
</TABLE>

                  OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

<TABLE>
<CAPTION>
                                      Option Awards                                             Stock Awards
          -----------------------------------------------------------------   ----------------------------------------------
                                                                                                                    Equity
                                                                                                                   Incentive
                                                                                                       Equity        Plan
                                                                                                      Incentive     Awards:
                                                                                                        Plan       Market or
                                                                                                       Awards:      Payout
                                          Equity                                                      Number of    Value of
                                         Incentive                            Number                  Unearned     Unearned
                                        Plan Awards;                            of         Market      Shares,      Shares,
           Number of      Number of      Number of                            Shares      Value of    Units or     Units or
          Securities     Securities     Securities                           or Units    Shares or     Other         Other
          Underlying     Underlying     Underlying                           of Stock     Units of     Rights       Rights
          Unexercised    Unexercised    Unexercised   Option      Option       That      Stock That     That         That
          Options (#)    Options (#)     Unearned     Exercise  Expiration   Have Not     Have Not    Have Not     Have Not
Name      Exercisable   Unexercisable   Options (#)    Price       Date      Vested(#)     Vested      Vested       Vested
----      -----------   -------------   -----------    -----       ----      ---------     ------      ------       ------
<S>            <C>            <C>            <C>         <C>         <C>         <C>          <C>         <C>         <C>
Raminder       0              0              0           0           0           0            0           0            0
Badyal
</TABLE>

                                       27
<PAGE>
                              DIRECTOR COMPENSATION

<TABLE>
<CAPTION>
                                                                     Change in
                                                                      Pension
                                                                     Value and
                   Fees                            Non-Equity       Nonqualified
                  Earned                            Incentive        Deferred
                 Paid in      Stock     Option        Plan         Compensation     All Other
    Name           Cash      Awards     Awards     Compensation      Earnings      Compensation     Total
    ----           ----      ------     ------     ------------      --------      ------------     -----
<S>             <C>       <C>        <C>           <C>             <C>            <C>              <C>
Raminder Badyal      0         0           0            0                0               0            0
</TABLE>

There are no current employment agreements between the company and its executive
officer.

On December 26, 2006, a total of 20,000,000 shares of Common Stock were issued
to Dr. Badyal in exchange for cash in the amount of $20,000 U.S., or $.001 per
share. The terms of this stock issuance was as fair to the company, in the
opinion of the Board of Directors, as could have been made with an unaffiliated
third party. In making this determination they relied upon the fact that the
20,000,000 shares were valued at par ($0.001) and purchased for $20,000 in cash.

Dr. Badyal currently devotes approximately 5 to 10 hours per week to company
matters. He has agreed to work with no remuneration until such time as the
company receives sufficient revenues necessary to provide management salaries.
At this time, management cannot accurately estimate when sufficient revenues
will occur to implement this compensation, or what the amount of the
compensation will be.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees in the event of retirement at normal retirement
date pursuant to any presently existing plan provided or contributed to by the
company or any of its subsidiaries, if any.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information on the ownership of Kitcher
Resources' voting securities by officers, directors and major shareholders as
well as those who own beneficially more than five percent of our common stock as
of the date of this annual report:

          Name & Address                    No. of            Percentage
     Of Beneficial Owner (1)                Shares           of Ownership:
     -----------------------                ------           -------------

     Raminder Badyal                      20,000,000             66%
     Suite 138 - 1027 Davie St.
     Vancouver, BC  V6E 4L2

     All Officers and
      Directors as a Group                20,000,000             66%

----------
(1)  The person named above may be deemed to be a "parent" and "promoter" of the
     Company, within the meaning of such terms under the Securities Act of 1933,
     as amended, by virtue of his direct holdings in the Company.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The principal executive office and telephone number are provided by Dr. Badyal,
the officer and a director of the corporation, on a rent-free basis.

                                       28
<PAGE>
On December 26, 2006, a total of 20,000,000 shares of Common Stock were issued
to Dr. Badyal in exchange for $20,000 US, or $.001 per share. All of such shares
are "restricted" securities, as that term is defined by the Securities Act of
1933, as amended, and are held by an officer and director of the Company. (See
"Principal Stockholders".)

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The total fees charged to the company for audit services were $3000, for tax
services were $Nil and for other services were $Nil during the year ended
January 31, 2008.

The total fees charged to the company for audit services were $3000, for tax
services were $Nil and for other services were $Nil during the year ended
January 31, 2007.

ITEM 15. EXHIBITS

The following exhibits are included with this filing:

     Exhibit
     Number                Description
     ------                -----------

      *3(i)         Articles of Incorporation
      *3(ii)        Bylaws
      31.1          Sec. 302 Certification of CEO
      31.2          Sec. 302 Certification of CFO
      32            Sec. 906 Certification of CEO/CFO

                                       29
<PAGE>
                            GLOSSARY OF MINING TERMS

"Basalt"                 An extrusive volcanic rock
"BCDM"                   British Columbia Department of Mines
"Chalcopyrite"           A sulphide mineral of copper and iron; the most
                         important ore mineral in copper
"Copper" or "Cu"         A reddish or salmon-pink isometric mineral, the native
                         metallic element of copper. It is ductile and
                         malleable, a good conductor of heat and electricity,
                         usually dull and tarnished
"Diamond drill"          A rotary type of rock drill that cuts a core of rock
                         that is recovered in long cylindrical sections
"Fault"                  A fracture dividing a rock into two sections that have
                         visibly moved relative to each other
"Feldspar"               silicate minerals which occur in igneous rocks -
                         plagioclase contains calcium and sodium
"Flows"                  Volcanic rock formed from lava that flowed out onto the
                         earth's surface
"Geological mapping"     The process of observing and measuring geological
                         features in a given area and plotting these features,
                         to scale, onto a map
"Geophysical survey"     A method of exploration that measures the physical
                         properties of rock formations including magnetism,
                         specific gravity, electrical conductivity and
                         resistance
"Gold" or "Au"           A heavy, soft, yellow, ductile, malleable, metallic
                         element. Gold is a critical element in computer and
                         communications technologies
"Limestone"              A sedimentary rock composed primarily of calcium
                         carbonate
"Massive sulphide        Mineralization that contains a variety of different
 mineralization"         sulphide minerals - usually includes - sphalerite,
                         chalcopyrite, pyrite and pyrrhotite.
"Metamorphic"            A rock that has undergone chemical or structural
                         changes (heat, pressure, or a chemical reaction) that
                         causes changes to its original state - High-grade
                         metamorphic is a large amount of change
"Mineral claim"          A portion of land held either by a prospector or a
                         mining company, in British Columbia each claim is 500m
                         x 500m (1,640 ft2)
"Ore"                    A mixture of mineralized rock from which at least one
                         of the metals can be extracted at a profit
"Precious metal"         Any of several metals, including gold and platinum,
                         that have high economic value - metals that are often
                         used to make coins or jewelry
"Pyrite"                 A yellow iron sulphide mineral - sometimes referred to
                         as "fools gold"
"Quartz"                 Common rock forming mineral consisting of silicon and
                         oxygen
"Sedimentary rocks"      Secondary rocks formed from material derived from other
                         rocks and laid down underwater.

                                       30
<PAGE>
"Silver" or "Ag"         A white metallic element that is ductile, very
                         malleable and capable of a high polish. This precious
                         metal has major industrial applications in photography,
                         x-rays, electronics and electrical contacts, batteries,
                         brazing alloys, catalysts, mirrors, jewelry and
                         sterlingware
"Soil sampling"          The collecting of samples of soil, usually 2 pounds per
                         sample, from soil thought to be covering mineralized
                         rock. The samples are submitted to a laboratory that
                         will analyze them for mineral content
"Trenching"              The digging of long, narrow excavation through soil, or
                         rock, to expose mineralization
"Vein"                   A crack in the rock that has been filled by minerals
                         that have traveled upwards from a deeper source
"Volcanic rocks"         Igneous rocks formed from magma that has flowed out or
                         has been violently ejected from a volcano

                                       31
<PAGE>
                                   SIGNATURES

In accordance with the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe it meets all of
the requirements for filing Form 10-K and authorized this registration statement
to be signed on its behalf by the undersigned, in the city of Vancouver BC, on
April 28, 2008.

                                       Kitcher Resources, Inc.


                                           /s/ Raminder Badyal
                                           -------------------------------------
                                       By: Raminder Badyal
                                       Principal Executive Officer & Director

In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following person in the capacities and
date stated.


/s/ Raminder Badyal                                               April 28, 2008
-----------------------------------------------                   --------------
Raminder Badyal, President & Director                                  Date
(Principal Executive Officer, Principal Financial Officer,
Principal Accounting Officer)

                                       32