UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C.   20549





FORM
10-K








[
      X ]
            ANNUAL
      REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the
fiscal year ended   May 31,
2008





[    ]
            TRANSITION
      REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the
transition period from_______________________to
_______________________





Commission
file number     000-52796








GURATA
      GOLD, INC.(Exact
      name of registrant as specified in its
charter)








Incorporated in the State of
      Nevada
            71-1046926(State
      or other jurisdiction of incorporation or
    organization)
            (I.R.S.
      Employer Identification No.)11730
      NE 107thPlace,
      Kirkland, Washington
            98033(Address
      of principal executive offices)
            (Zip
      Code)





Registrant’s
telephone number, including area code:  (206)
779-5013








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


Title
      of each class
            Name
      of each exchange on which registeredNone
            N/A








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








common
      stock - $0.001 par value(Title
      of Class)





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.


[   ]
Yes         [T]  No





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         [T]  No




Page
- 1





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
last 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.     [T]
Yes         [   ]  No





Indicate
by check mark if disclosure of delinquent filers in response 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.





Larger
accelerated
filer                     [     ]                                                                                                         
Accelerated
filer                                          
[     ]


Non-accelerated
filer                          
[     ]  (Do not check if a smaller reporting
company)                     Smaller
reporting
company                       
[ T
]





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).


[
T ]
Yes         [   ]  No





State the
aggregate market value of the voting and non-voting common equity held by non-affiliates computed by
reference to the price at which
the common equity was sold, or the average bid and asked price of such
common equity, as of the last business day of the registrant’s most recently
completed second fiscal quarter: $85,000





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





Class
            Outstanding at September 9,
      2008common
      stock - $0.001 par value
            39,000,000





Documents
incorporated by reference:  Exhibit 3.1 (Articles of Incorporation) and
Exhibit 3.2 (By-laws)
both filed as exhibits to Gurata’s registration statement on Form SB-2 filed on
August 16, 2007; Exhibit 10.1 (Property Agreement) filed as
an exhibit to Gurata’s registration statement on Form SB-2 filed on August 16,
2007; Exhibit 10.2 (Trust
Agreement) filed as an exhibit to Gurata’s registration statement on Form
SB-2 filed on August 16, 2007; and Exhibit 14 (Financial Code of Ethics) filed as an
exhibit to Gurata’s registration statement on Form SB-2 filed on August 16,
2007.





Page
- 2


PART
I





Item
1.                      Description
of Business.





(a)
            Business
      Development





Gurata
Gold, Inc. (“Gurata”) is
a mineral exploration company and is a Nevada corporation that was incorporated
on May 26, 2006.





On
January 17, 2007 Gurata acquired the Gate 1 a mineral claim in the Province of
British Columbia (the “Gate 1
Claim”).





Management
has no previous experience exploring for minerals or operating a mining
company.  Even if Gurata completes its current exploration program and
is successful in identifying a mineral deposit, Gurata will have to spend
substantial funds on further drilling and engineering studies before it will
know if it has a commercially viable mineral deposit or reserve on the Gate 1
Claim.





Under
theMineral Tenure Act(British Columbia), title to British Columbia mineral claims can only be
held by individuals or British Columbia corporations.  Because of this
regulation, Gurata’s CFO is holding the Gate 1 Claim in trust for Gurata until
Gurata can determine whether there is a commercially viable gold deposit on the
Gate 1 Claim.  If Gurata determines that there is a commercially
viable gold deposit on the Gate 1 Claim Gurata will incorporate a British
Columbia subsidiary to hold title to the Gate 1 Claim and Gurata’s CFO will
transfer the Gate 1 Claim to the subsidiary.  The transfer will be at
no cost to Gurata, other than the costs associated with the incorporation of the
British Columbia subsidiary.





In
January 2007, Gurata retained a member of the Society of Economic Geologists
named Stephen G. Daikow who is familiar with the Atlin area to develop on report
about the Gate 1 Claim.  The report entitled “Review and
Recommendations, Gate 1 Claim, Mineral Tenure 527388, Atlin Mining Division,
British Columbia” dated January 26, 2007 describes the Gate 1 Claim, the
regional geology, the mineral potential of the Gate 1 Claim and recommendations
how Gurata should explore the Gate 1 Claim (the “Report”).





The
potential economic significance of the mineral claim is that according to the
Report, the Gate 1 Claim lies in a metamorphic terrane adjacent to the Boundary
Ranges of the Coast Mountains and is prospective for gold, gold-silver, massive
sulphide, and, possibly, platinum group metal deposits.





The cost
of the Gate 1 Claim charged to operations by Gurata was $1,000, which
represented the cost to acquire the Gate 1 Claim via a property agreement with
Kenneth Ralfs.  However, Gurata will incur much more significant
expenses in order to explore the Gate 1 Claim as described in the Plan of
Operation below.





Gurata
has no current plans to change its business activities from mineral exploration
or to combine with another business.  It is possible that beyond the
foreseeable future that if Gurata’s mineral exploration efforts fail and world
demand for the minerals Gurata is seeking drops to the point that it is no
longer economical to explore for these minerals Gurata may need to change its
plan of operations.  However, until Gurata encounters such a situation
management intends to explore for minerals in British Columbia, Canada or
elsewhere.





Gurata
has not been involved in any bankruptcy, receivership or similar
proceedings.  There have been no material reclassifications, mergers,
consolidations or purchases or sales of a significant amount of assets not in
the ordinary course of Gurata’s business.





(b)
            Business
      of Gurata





Gurata is
an exploration stage company, as defined by Statement of Financial Accounting
Standard “SFAS No.7 Accounting and Reporting for Development Stage
Enterprises”.  Gurata’s principal business is the acquisition and
exploration of mineral resources.  Gurata has not generated any
revenues from its mineral exploration activities.  Gurata has not
presently determined whether the Gate 1 Claim contains mineral reserves that are
economically recoverable.





The
following is a summary of the Gate 1 Claim.  Gurata does not have any
assets or mineral properties that are currently in production or contain a
reserve.




Page
- 3





Location
and Access





The Gate
1 Claim is located approximately 30 miles west of Atlin, British Columbia,
Canada.  The coordinates of the center of the Gate 1 Claim is at
59°38’ North and 134°32’ West.  The Gate 1 Claim covers an area of
376.49 hectares (approximately 930 acres).  The Gate 1 Claim is
located on the north side of Fantail Lake, British Columbia.





The town
of Atlin is situated on the east shore of Atlin Lake, in northern British
Columbia, has a population of about 350 permanent residents and offers most
services required in support of mining activities.  The south end of
Surprise Lake is accessed by local roads and the north end of the lake can be
reach by circuitous routes following miners’ roads or by boat.  The
Gate 1 Claim is a short hike from Fantail Lake.  For convenience and
practical considerations, the claim is best reached by float plane from
Atlin.





Summary
of the Gate 1 Claim





The Gate
1 Claim is unencumbered and in good standing and there are no third party
conditions that affect the Gate 1 Claim other than conditions defined by the
Province of British Columbia described below.  The Gate 1 Claim has an
area of 376.49 hectares, which is equivalent to approximately 930
acres.  Gurata has no insurance covering the Gate 1
Claim.  Management believes that no insurance is necessary since the
Gate 1 Claim is unimproved and contains no buildings or
improvements.  The tenure number, claim name, owner, good to date,
status, and area as typically recorded in British Columbia is as
follows:





Tenure
      Number
            Claim
      Name
            Owner
            Good
      to Date
            Status
            Area
              (Hectares)527388
            Gate
      1
            204848
              (100%)
            2009/Feb/10
            Good
            376.49





There is
no assurance that a commercially viable mineral deposit exists on the Gate 1
Claim.  Further exploration will be required before an evaluation as
to the economic feasibility of the Gate 1 Claim can be determined.  It
is management’s intention to incorporate a British Columbia subsidiary company
and record the deed of ownership in the name of the subsidiary if minerals are
discovered on the Gate 1 Claim and it appears that it would be economically
viable to commercially mine the Gate 1 Claim.  Gurata’s consulting
geological technician has written a report and provided Gurata with
recommendations of how management should explore the Gate 1
Claim.  Until Gurata can validate otherwise, the Gate 1 Claim is
without known reserves and management is planning a three phase mineral
exploration program as recommended by Gurata’s consulting geological
technician.





Conditions
to Retain Title to the Gate 1 Claim





The Gate
1 Claim has an expiry date of February 10, 2009 and in order to maintain the
tenures in good standing it will be necessary for Gurata to coordinate an agent
to perform and record valid exploration work with value of CDN$4 per hectare in
anniversary years 1, 2, and 3, and CDN$8 per hectare in subsequent years or pay
the equivalent sum to the Province of British Columbia in lieu of
work.  Failure to perform and record valid exploration work or pay the
equivalent sum to the Province of British Columbia on the anniversary dates will
result in forfeiture of title to the Gate 1 Claim.





During
the year ended May 31, 2008, Gurata paid approximately $1,669 to the Province of
British Columbia in lieu of exploration work on the Gate 1 Claim in order to
keep the Gate 1 Claim in good standing.  Gurata also spent $13,697 on
a helicopter-supported magnetic survey on the Gate 1
Claim.  Management believes that the magnetic survey will be accepted
by the Province of British Columbia as valid exploration work, but until Gurata
files the necessary documents and information with the Province of British
Columbia and it is accepted as valid exploration work, Gurata cannot provide any
assurance that the exploration work will be accepted as valid.  If it
is not accepted, then Gurata will have to incur additional costs for valid
exploration work or make an additional payment to the Province of British
Columbia in lieu of work.





History
of Atlin and the Gate 1 Claim Area





Atlin,
British Columbia has always been closely identified with the mining industry,
having been established about 1900 as a supply base and winter home for miners
and prospectors working in the nearby mines, prospects and placer gold
fields.  Placer gold fields are areas where gold is found in the
gravels of a mineral claim.  Placer mining continues to be an
important component of the local economy and other mining ventures have become
increasingly significant in recent years with several properties either in or
approaching the permitting and significant financing
phases.  Significant mining properties that are located in the
Tulesequah River valley, 200 kilometres (120 miles) south of Atlin, are in
advanced stages of exploration and approval process and are best accessed from
Atlin.




Page
- 4





Mining
exploration intensified during the 1970’s when porphyry molybdenum deposits and
uranium occurrences located west and north of Surprise Lake were explored by
technical surveys and drilling.  The town of Atlin also served as a
base of operations for prospecting and geological crews working in the nearby
Coast Mountains and the Interior Plateau.





The Gate
1 Claim was originally staked by Kenneth Ralfs of Richmond, British Columbia in
February 2006.  Gurata acquired the Gate Claim from Kenneth Ralfs via
a property agreement signed on January 17, 2007.   See Exhibit
10.1 – Property agreement for more details.





Present
Condition of the Gate 1 Claim





Gurata
has conducted a helicopter-supported magnetic survey on the Gate 1 Claim and has
received an exploration report on the results of that survey (the “Survey Report”).





Outcroppings
of bedrock are abundant and evergreen forest cover varies with elevation and
soil conditions from dense to sparse.  The Gate 1 Claim lies between
elevations 2,500 and 3,400 feet above sea level.





The
Tagish Lake and Atlin districts of northwestern British Columbia experience
moderately cold winters and mild summers.  Precipitation is strongly
influenced by rain shadow effects, where the Coast Mountains receive heavy
snowfall whereas the valleys and particularly the town of Atlin are much
drier.  Summers are warm with frequent rain showers in the
mountains.  Winters are cold with temperatures as low as minus 40
degrees Celsius (minus 40 degrees Fahrenheit).  Periods of cold
weather are mitigated by short intervals of warm Chinook
conditions.





Currently,
there is no equipment, infrastructure or electricity on the Gate 1
Claim.





Geology
of the Gate 1 Claim





The Atlin
mining district is geologically varied and complex.  It is bordered to
the west by the precipitous and glacier shrouded Coast Mountains and the
attendant Coast Crystalline Complex of granitic terranes.  The central
portion is a deeply dissected plateau dominated by Mesozoic strata of mixed
volcanic and volcanogenic formations.  The east sector is a more
mature terrain underlain by Cache Creek Group sedimentary rocks of oceanic
origin.  Farther east the underlying formations belong to the
Sylvester Group of low grade metamorphic rocks of mid to late Paleozoic
ages.  Granitic rocks of the Coast Intrusions are abundantly present
as bodies of batholithic proportions and as small stocks.  The Atlin
intrusions, a complex of greenstones, peridotites, dunite, and serpentinized
equivalents, occur close to the Town of Atlin and also in broad belt south and
southeast of the town.  The ultramafic bodies in the vicinity of the
historic gold mining areas are intimately associated with Cash Creek formations
and smallish and raggedly irregular in outline whereas the Mount O’Keefe or
Nahlin ultramafic body is very large and much less disrupted by
fracturing.  All bodies are alpine-type ultramafites.





The major
structural break in the area is the Llewellyn Fault, which trends roughly north
south and runs through the Taku Arm east of the property.  On the
eastern shore of Tagish Lake, the area is underlain by Laberge Group-Inklin
Formation sedimentary rocks, of which include:  argillite, greywacke,
conglomerate, mudstone, siltstone, shale, and fine clastics.  Along
the Llewellyn Fault, the area is underlain by the Stuhini Group, and unit
calcalkaline volcanics consisting of rhyolites to intermediate tuff and
breccia.  The very north-west of the property is dominated by the
Boundary Ranges Metamorphic suite, which consists of Devonian to middle Triassic
greenstone and greenshist facies rocks.  At the very western edge of
the property lies a plug of granitoid rocks from the Sloko-Hyder Plutonic
Suite.





Competition





The
mineral exploration business is an extremely competitive
industry.  Gurata is competing with many other exploration companies
looking for minerals.  Gurata is one of the smallest exploration
companies and a very small participant in the mineral exploration
business.  Being a junior mineral exploration company, Gurata competes
with other similar mineral exploration companies for financing and joint venture
partners.  Additionally, Gurata competes for resources such as
professional geologists, camp staff, helicopters and mineral exploration
supplies.





Page
- 5








Raw
Materials





The raw
materials for Gurata’s proposed mineral exploration program will be items
including camp equipment, sample bags, first aid supplies, groceries and
propane.  All of these types of materials are readily available in
either the city of Vancouver, British Columbia or the town of Atlin, British
Columbia from a variety of suppliers.





Dependence
on Major Customers





Gurata
has no customers.





Patents/Trade
Marks/Licences/Franchises/Concessions/Royalty Agreements or Labour
Contracts





Gurata
has no intellectual property such as patents or trademarks. Additionally, Gurata
has no royalty agreements or labor contracts.





Government
Controls and Regulations





Gurata
will be required to comply with all regulations defined in the Mineral Tenure Act (British
Columbia). The Mineral Tenure Act is well defined by the Province of British
Columbia and is available from Gurata upon request.


The
effect of these existing regulations on Gurata’s business is that it is able to
carry out its exploration program as described in its plan of
operation.  However, it is possible that a future government could
change the regulations that could limit Gurata’s ability to explore the Gate 1
Claim, but management believes this is highly unlikely.





Management
believes that Gurata is in substantial compliance with all material current
government controls and regulations at the Gate 1 Claim.





Costs
and Effects of Compliance with Environmental Laws





Gurata
currently has no costs to comply with environmental laws concerning its
exploration program on the Gate 1 Claim.





Expenditures
on Research and Development During the Last Two Fiscal Years





Gurata
has not incurred any research or development expenditures since its inception on
May 26, 2006.





Number
of Total Employees and Number of Full Time Employees





Gurata
does not have any employees.  The only person providing services to
Gurata on an ongoing basis are Shaun Davis and Feliberto
Gurat.  Management has retained in the past and will continue to
retain the services of independent geologists, prospectors and consultants on a
contract basis as required throughout the course of its exploration
program.





Item
1A.  Risk Factors.





Gurata is
a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is
not required to provide the information required under this item.





Item
1B.  Unresolved Staff Comments.





Gurata is
a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is
not required to provide the information required under this item.





Item
2.                      Description
of Property.





Gurata’s
executive offices are located at 11730 NE 107th Place,
Kirkland, Washington, 98033.  Gurata’s president, Shaun P. Davis,
currently provides this space to Gurata free of charge.  This space
may not be available to Gurata free of charge in the future.





Gurata
also has an interest in one mineral claim (Gate 1 Claim) located in the Atlin
Mining Division, British Columbia, Canada as described in more detail above in
“Item 1. Description of Business”.




Page
- 6





Item
3.                      Legal
Proceedings.





Gurata is
not a party to any pending legal proceedings and, to the best of Gurata’s
knowledge, none of Gurata’s property or assets are the subject of any pending
legal proceedings.





Item
4.                      Submission
of Matters to a Vote of Security Holders.





No matter
was submitted to a vote of security holders, through the solicitation of proxies
or otherwise, during the fourth quarter of the fiscal year covered by this
report.





PART
II





Item
      5.
            Market
      for Registrant’s Common Equity, Related Stockholder Matters and Issuer
      Purchases of Equity Securities.





(a)           Market
Information





Gurata’s
common stock has been quoted on the NASD OTC Bulletin Board under the symbol
“GUGO” since February 1, 2008.  The table below gives the high and low
bid information for each fiscal quarter of trading and for the interim period
ended August 22, 2008.  The bid information was obtained from Pink OTC
Markets Inc. and reflects inter-dealer prices, without retail mark-up, mark-down
or commission, and may not represent actual transactions.





High
      & Low BidsPeriod
      ended
            High
            Low
            Source22
      August 2008
            $0.55
            $0.30
            Pink
      OTC Markets Inc.31
      May 2008
            $0.30
            $0.10
            Pink
      OTC Markets Inc.29
      February 2008
            none
            none
            Pink
      OTC Markets Inc.





(b)           Holders
of Record





Gurata
has approximately 23 holders of record of Gurata’s common stock as of August 22,
2008 according to a shareholders’ list provided by Gurata’s transfer agent as of
that date.  The number of registered shareholders does not include any
estimate by Gurata of the number of beneficial owners of common stock held in
street name.  The transfer agent for Gurata’s common stock is Empire
Stock Transfer Inc., 2470 St. Rose Parkway, Suite #304, Henderson, Nevada, 89074
and their telephone number is 702-818-5898.





(c)           Dividends





Gurata
has declared no dividends on its common stock, and is not subject to any
restrictions that limit its ability to pay dividends on its shares of common
stock.  Dividends are declared at the sole discretion of Gurata’s
Board of Directors.





(d)  Recent
Sales of Unregistered Securities





As of May
31, 2008 Gurata had issued 39,000,000 shares of unregistered securities. All of
these 39,000,000 shares were acquired from Gurata in private placements that
were exempt from registration under Regulation S of the Securities Act of
1933.





On July
11, 2006, Gurata issued 3,000,000 shares of common stock at a price of $0.001
per share to its former President, Feliberto Gurat.





On August
23, 2006, Gurata issued 19,000,000 shares of common stock at a price of $0.001
per share to its former President, Mr. Gurat.





With
respect to all of the above offerings, Gurata completed the offerings of the
common stock pursuant to Rule 903 of Regulation S of the Act on the basis that
the sale of the common stock was completed in an “offshore transaction”, as
defined in Rule 902(h) of Regulation S.  Gurata did not engage in any
directed selling efforts, as defined in Regulation S, in the United States in
connection with the sale of the common stock.  Each investor
represented to Gurata that the investor was not a U.S. person, as defined in
Regulation S, and was not acquiring the common stock for the account or benefit
of a U.S. person.  The subscription agreement executed between Gurata
and the investor included statements that the securities had not been registered
pursuant to the Act and that the securities may not be offered or sold in the
United States unless the securities are registered under the Act or pursuant to
an exemption from the Act.  The investor agreed by execution of the
subscription agreement for the common stock: (i) to resell the securities
purchased only in accordance with the provisions of Regulation S, pursuant to
registration under the Act or pursuant to an exemption from registration under
the Act; (ii) that Gurata is required to refuse to register any sale of the
securities purchased unless the transfer is in accordance with the provisions of
Regulation S, pursuant to registration under the Act or pursuant to an exemption
from registration under the Act; and (iii) not to engage in hedging transactions
with regards to the securities purchased unless in compliance with the
Act.  All securities issued were endorsed with a restrictive legend
confirming that the securities had been issued pursuant to Regulation S of the
Act and could not be resold without registration under the Act or an applicable
exemption from the registration requirements of the Act.




Page
- 7




Each
investor was given adequate access to sufficient information about Gurata to
make an informed investment decision.  None of the securities were
sold through an underwriter and accordingly, there were no underwriting
discounts or commissions involved.  No registration rights were
granted to any of the investor.





There are
no outstanding options or warrants to purchase, or securities convertible into,
shares of Gurata’s common stock.





Use
of Proceeds





On
September 6, 2007, the Securities and Exchange Commission declared Gurata’s Form
SB-2 Registration Statement effective, file number 333-145498, permitting Gurata
to offer up to 20,000,000 shares of common stock at $0.005 per
share.  There is no underwriter involved in this public
offering.  Gurata accepted 27 subscription agreements for a total of
$85,000 to date.  The offering period for the public offering expired
on March 3, 2008.





Gurata
spent $12,764 of the proceeds on the offering expenses, which included $4,574 on
legal and registration fees, $6,000 on accounting and auditing fees, $1,190 on
electronic filing and printing fees, and $1,000 on transfer agent
fees.  The net proceeds to Gurata after deducting the offering
expenses were $72,236.





As of May
31, 2008, Gurata had spent $13,697 of the net proceeds on a helicopter-supported
magnetic survey on the Gate 1 Claim.  In addition, Gurata had also
spent a total of $49,300 of the net proceeds of the working capital, which
included $20,500 on consulting fees, $12,600 in legal fees, $8,600 on
administration fees, $4,500 in audit fees, $1,700 on mineral title costs, $1,000
in tax preparation fees, and $400 in regulatory and filing fees.





Gurata
intends to spend $20,000 of the net proceeds on its Phase One Exploration
program in June 2009 with the balance of the proceeds to be used for working
capital.





The
reason for the material change in the use of proceeds from what was described in
Gurata’s Registration Statement was because Gurata’s consulting geological
technician recommended the helicopter-supported magnetic survey on the Gate 1
Claim in order to gather more information on the Gate 1 Claim to identify
specific target areas for the rock sampling program in the Phase One Exploration
program.





(e)
            Penny
      Stock Rules





Trading
in Gurata’s common stock is subject to the “penny stock” rules.  The
SEC has adopted regulations that generally define a penny stock to be any equity
security that has a market price of less than $5.00 per share, subject to
certain exceptions.  These rules require that any broker-dealer who
recommends Gurata’s common stock to persons other than prior customers and
accredited investors, must, prior to the sale, make a special written
suitability determination for the purchaser and receive the purchaser’s written
agreement to execute the transaction.  Unless an exception is
available, the regulations require the delivery, prior to any transaction
involving a penny stock, of a disclosure schedule explaining the penny stock
market and the risks associated with trading in the penny stock
market.  In addition, broker-dealers must disclose commissions payable
to both the broker-dealer and the registered representative and current
quotations for the securities they offer.  The additional burdens
imposed upon broker-dealers by such requirements may discourage broker-dealers
from effecting transactions in Gurata’s securities, which could severely limit
their market price and liquidity of Gurata’s securities.  The
application of the “penny stock” rules may affect your ability to resell
Gurata’s securities.




Page
- 8





Item
6.  Selected Financial Data.





Gurata is
a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is
not required to provide the information required under this item.





Item
7.  Management’s Discussion and Analysis of Financial Condition and
Results of Operations.





THE
FOLLOWING PRESENTATION OF THE PLAN OF OPERATION OF GURATA GOLD, INC. SHOULD BE
READ IN CONJUNCTION WITH THE AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL
INFORMATION INCLUDED HEREIN.





Overview





Gurata’s
principal business is the acquisition and exploration of mineral resources in
northwestern British Columbia, Canada.  Gurata has not presently
determined whether the Gate 1 Claim contains mineral reserves that are
economically recoverable.  Gurata has not commenced significant
operations and is considered an Exploration Stage Company, as defined by
Statement of Financial Accounting Standard (SFAS) No.7 Accounting and Reporting by
Development Stage Enterprises.





Gurata’s
inclusion of supplementary analytical and related information may require Gurata
to make estimates and assumptions to enable it to fairly present, in all
material respects, its analysis of trends and expectations with respect to
Gurata’s results of operations and financial position taken as a
whole.





Gurata
has no operations and if the Gate 1 Claim is not successfully developed Gurata
will not earn any revenues.





Gate
1 Claim





On
December 15, 2006 Gurata purchased the Gate 1 Claim near Atlin, British
Columbia, Canada, comprising an area of 376.488 hectares for
$1,000.  The Gate 1 Claim is registered in the name of Gurata’s CFO
and pursuant to a trust agreement is held in trust on Gurata’s
behalf.  See Exhibit 10.2 – Trust agreement for more
details.





Gurata is
required to incur approximately $1,514 (CDN$1,505) on or before February 10,
2009 and approximately $3,030 (CDN$3,012) on or before February 10, 2010 and
each year thereafter in exploration expenditures or pay the equivalent sum in
cash in lieu of work to the Province of British Columbia, in order to retain
title to Gate 1 Claim.  During the year ended May 31, 2008, Gurata
paid $1,669 to the Province of British Columbia and spent $13,697 on a
helicopter-supported magnetic survey on the Gate 1 Claim.  If these
expenditures be accepted as valid exploration expenditures by the Province of
British Columbia, the registration of the Gate 1 Claim will be extended until
February 10, 2014.





Plan
of Operation





Exploration
Plan





On June
18, 2008, Gurata received an exploration report on a helicopter-supported
magnetic survey on the Gate 1 Claim from its consulting
geologist.  The report recommends prospecting and surveying the Gate 1
Claim.  If the prospecting is successful in discovering mineralization
the report recommends following up with an IP/resistivity survey in order to
verify magnetic anomalies and help determine the depth of the causative
source.  Management is currently reviewing the exploration report to
determine if it will proceed with Phase One of its mineral exploration
program.





If
management decides to proceed with Phase One of its exploration program then
Gurata’s plan of operation for the next 12 months is to complete the following
objectives within the time periods specified, subject to Gurata obtaining the
funding necessary for the exploration of the Gate 1 Claim.  Gurata
currently does not have enough funds to complete its proposed mineral
exploration program, which Gurata plans to start in the summer of
2009.  The following is a brief summary of the three phase exploration
program:




Page
- 9





1.
            The
      Gate 1 Claim is in good standing until February 10, 2009.  At
      May 31, 2008, Gurata has spent an additional $13,697 on the Gate 1
      Claim.  These expenditures have not been submitted to the
      Province of British Columbia for approval.  If these
      expenditures be accepted as valid exploration expenditures by the Province
      of British Columbia, the registration of the Gate 1 Claim will be extended
      until February 10, 2014.  Gurata cannot provide any assurance
      that the exploration work will be accepted as valid.  If it is
      not accepted, then Gurata will have to incur additional costs for valid
      exploration work or make an additional payment to the Province of British
      Columbia in lieu of work to extend the registration of the Gate 1
      Claim.





2.
            As
      recommended by Gurata’s consulting geologist, management plans to conduct
      the first phase of Gurata’s three phase exploration program starting in
      June 2009.  This Phase One exploration program is expected to
      cost approximately $21,125 (CDN$21,000).  A two-person field
      crew will fly to the Gate 1 Claim and will stay for a period of 15
      days.  During this period the crew will generally survey the
      Gate 1 Claim seeking any outcroppings and locating streams.  An
      outcropping is a part of a rock formation that appears above the surface
      of the surrounding land.  The crew will use global positioning
      equipment, take 100 geochemical samples and take 15 rock
      samples.  All samples will be bagged and tagged for location,
      date and time for later analysis.  After this period is over the
      crew will return to Atlin by float
plane.





3.
            The
      samples obtained during the Phase One exploration program will be analyzed
      at a laboratory and management will review the results of the Phase One
      exploration program in the winter of 2009.  Gurata will engage
      its consulting geologist to interpret the results of Phase
      One.  It is estimated that the analysis and interpretation of
      results will cost approximately $3,720 (CDN$3,700).  If Gurata
      is able to identify favorable rock formations and structures with elevated
      metal values management will plan and conduct a Phase Two
      program.





4.
            If
      the Phase Two program were to proceed, Gurata’s consulting geologist has
      indicated that Gurata should budget approximately $60,350 (CDN$60,000) for
      its Phase Two program.  If Gurata proceeds with a Phase Two
      program Gurata would do so in July 2010.  A small crew will fly
      to the Gate 1 Claim and will stay for a period of time to be
      determined.  During this period the crew will continue with
      Phase One field work including additional sampling and mapping,
      magnetometer survey, trenching and a small number of diamond drill
      holes.  All samples will be bagged and tagged for location, date
      and time for later analysis. After this period is over the crew will
      return to Atlin by float plane.





5.
            In
      the case that the Phase Two exploration program takes place, management
      will review its results in winter 2010.  If Gurata is able to
      continue to confirm elevated metal values at specific hand drilled targets
      management would consider Phase Two a success and would plan for a Phase
      Three exploration program.  The Phase Three exploration program
      is expected to cost at least $241,400 (CDN$240,000).  At this
      stage, Gurata would seek to link with a major resource company in a joint
      venture relationship in recognition of financing
      requirements.  If Gurata proceeds with the Phase Three
      exploration plan it would commence in July
2011.





As at May
31, 2008, Gurata had cash of approximately $30,000.  Gurata will have
to raise additional funds to cover its operating costs and commence Phase One of
its mineral exploration program.





During
the next 12 months, management does not anticipate generating any
revenue.  If Gurata requires additional funds, management anticipates
this additional funding will come from equity financing from the sale of
Gurata’s common stock, private loans or advances or the sale of part of its
interest in the Gate 1 Claim.  If Gurata is successful in completing
an equity financing, existing shareholders will experience dilution of their
interest in Gurata.  Gurata does not have any financing arranged and
cannot provide investors with any assurance that it will be able to raise
sufficient funding from the sale of its common stock or obtain private loans or
advances to fund its mineral exploration program. In the absence of such
financing, Gurata’s business will fail.





Gurata
may consider entering into a joint venture partnership by linking with a major
resource company to provide the required funding to complete its Phase Three
exploration program.  Gurata has not undertaken any efforts to locate
a joint venture partner for Phase Three.  If Gurata enters into a
joint venture arrangement, Gurata will assign a percentage of its interest in
the Gate 1 Claim to the joint venture partner.




Page
- 10





Based on
the nature of Gurata’s business, management anticipates incurring operating
losses in the foreseeable future.  Management bases this expectation,
in part, on the fact that very few mineral claims in the exploration stage
ultimately develop into producing, profitable mines.  Gurata’s future
financial results are also uncertain due to a number of factors, some of which
are outside its control.  These factors include, but are not limited
to:





·
            Gurata’s
      ability to raise additional
funding;


·
            the
      market price for gold;


·
            the
      results of Gurata’s proposed exploration programs on the Gate 1 Claim;
      and


·
            Gurata’s
      ability to find joint venture partners for the development of its property
      interests.




Due to
Gurata’s lack of operating history and present inability to generate revenues,
Gurata’s auditors have stated their opinion that there currently exists
substantial doubt about its ability to continue as a going
concern.  Even if Gurata completes its current exploration program and
it is successful in identifying a mineral deposit, Gurata will have to spend
substantial funds on further drilling and engineering studies before Gurata will
know if it has a commercially viable mineral deposit or reserve.





Accounting
and Audit Plan





Gurata
intends to continue to have its outside consultant assist in the preparation of
its quarterly and annual financial statements and have these financial
statements reviewed or audited by our independent auditor.  Gurata’s
outside consultant is expected to charge us approximately $1,500 to prepare the
quarterly financial statements and approximately $3,500 to prepare the annual
financial statements.  Gurata’s independent auditor is expected to
charge Gurata approximately $1,500 to review the quarterly financial statements
and approximately $7,000 to audit the annual financial statements.  In
the next 12 months, management anticipates spending approximately $20,000 to pay
for Gurata’s accounting and audit requirements.





Critical
Accounting Policies and Estimates





An
appreciation of Gurata’s critical accounting policies is necessary to understand
its financial results.  These policies may require that Gurata make
difficult and subjective judgments regarding uncertainties, and as a result,
such estimates may significantly impact Gurata’s financial
results.  The precision of these estimates and the likelihood of
future changes depend on a number of underlying variables and a range of
possible outcomes.  Other than Gurata’s accounting for mineral
property costs, our critical accounting policies do not involve the choice
between alternative methods of accounting.  Gurata has applied its
critical accounting policies and estimation methods consistently.





Unproved
Mineral Property Costs





Gurata
has been in the exploration stage since inception, May 26, 2006 and has not yet
realized any revenues from its planned operations.  Gurata is
primarily engaged in the acquisition and exploration of mining
properties.  Gurata expenses mineral property exploration costs as
they are incurred.  Mineral property acquisition costs are initially
capitalized, when incurred, using the guidance in the Emerging Issues Task Force
(EITF) 04-02, Whether Mineral
Rights are Tangible or Intangible Assets.  Gurata assesses the
carrying costs for impairment under SFAS No. 144, Accounting for Impairment or
Disposal of Long Lived Assets at each fiscal quarter end.  An
impairment is recognized when the sum of the expected undiscounted future cash
flows is less than the carrying amount of the mineral
property.  Impairment losses, if any, are measured as the excess of
the carrying amount of the mineral property over its estimated fair
value.  On December 15, 2006, Gurata acquired the Gate 1 mineral claim
near Atlin, British Columbia, Canada, comprising an area of 376.488 hectares for
$1,000.  During the year ended May 31, 2007, management determined
that the carrying amount of the mineral property was in excess of its estimated
fair value and recognized an impairment loss on mineral property costs of
$1,000.  During the year ended May 31, 2008, Gurata paid $1,669 to the
Province of British Columbia and spent $13,697 on exploration.  If
these expenditures be accepted as valid exploration expenditures by the Province
of British Columbia, the registration of the Gate 1 Claim will be extended until
February 10, 2014.





Once we
have 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, will be capitalized.  Such costs will be
amortized using the units-of-production method over the estimated life of the
proven and probable reserves.  If mineral properties are subsequently
abandoned or impaired, any capitalized costs will be charged to
operations.




Page
- 11





Asset
Retirement Obligations





SFAS No.
143 (“SFAS 143”), Accounting
for Asset Retirement Obligations addresses financial accounting and
reporting for obligations associated with the retirement of tangible long-lived
assets and the associated asset retirement costs.  Specifically, SFAS
143 requires that the fair value of a liability for an asset retirement
obligation be recognized in the period in which it is incurred if a reasonable
estimate of fair value can be made.  In addition, the asset retirement
cost is capitalized as part of the asset’s carrying value and subsequently
allocated to expense over the asset’s useful life.  At May 31, 2008
and 2007, Gurata did not have any asset retirement obligations.





Foreign
Currency Translation





Gurata’s
functional and reporting currency is the United States
dollar.  Monetary assets and liabilities denominated in foreign
currencies are translated in accordance with SFAS No. 52 Foreign Currency Translation,
using the exchange rate prevailing at the balance sheet date.  Gains
and losses arising on settlement of foreign currency denominated transactions or
balances are included in the determination of income.  Foreign
currency transactions are primarily undertaken in Canadian
dollars.  Gurata has not to the date of this filing, entered into
derivative instruments to offset the impact of foreign currency
fluctuations.





Financial
Instruments





Foreign Exchange Risk





Gurata is
subject to foreign exchange risk for transactions denominated in foreign
currencies.  Foreign currency risk arises from the fluctuation of
foreign exchange rates and the degree of volatility of these rates relative to
the United States dollar.  Management does not believe that Gurata has
any material risk due to foreign currency exchange.





Fair Value of Financial
Instruments





Gurata’s
financial instruments include cash, deposit receivable, accounts payable and
accrued liabilities and accrued administration.  The fair value of
these financial instruments approximates their carrying values due to their
short maturities.





Concentration of Credit
Risk





Financial
instruments that potentially subject Gurata to significant concentrations of
credit risk consist principally of cash deposits.  On May 31, 2008,
Gurata had approximately $30,000 in cash that was not insured.  This
cash is on deposit with a large chartered Canadian bank.  As part of
Gurata’s cash management process, management performs periodic evaluations of
the relative credit standing of this financial institution.  Gurata
has not experienced any losses in cash balances and management does not believe
Gurata is exposed to any significant credit risk on its cash.





Recent
Accounting Pronouncements





In
February 2006, the Financial Accounting Standards Board (FASB) issued SFAS No.
155 (SFAS 155) Accounting for
Certain Hybrid Financial Instruments - an amendment of FASB Statements No. 133
and 140.  This Statement amends FASB Statements No. 133, Accounting for Derivative
Instruments and Hedging Activities, and No. 140, Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of
Liabilities.  This Statement resolves issues addressed in
Statement 133 Implementation Issue No. D1, Application of Statement 133 to
Beneficial Interests in Securitized Financial Assets.  This
statement is effective for all financial instruments acquired or issued after
the beginning of an entity’s first fiscal year that begins after September 15,
2006.  SFAS 156 was effective for Gurata beginning June 1,
2007.  The adoption of SFAS 155 did not have a material impact on
Gurata’s financial statements.





In
September 2006, the FASB issued SFAS No. 157 (SFAS 157), Fair Value
Measurements.  SFAS 157 defines fair value, establishes a
framework for measuring fair value and expands disclosure requirements about
fair value measurements.  SFAS 157 was effective for Gurata on June 1,
2007. Adoption of SFAS 157 did not have a material impact on Gurata’s financial
statements.





In
September 2006, the FASB issued SFAS 158 (“SFAS 158”), Employers’ Accounting for Defined
Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements
No. 87, 88, 106, and 132(R).This statement requires an
employer to recognize the over funded or under funded status of a defined
benefit postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in that funded status in the year in
which the changes occur through comprehensive income of a business
entity.  This statement also requires an employer to measure the
funded status of a plan as of the date of its year end statement of financial
position, with limited exceptions.  Gurata will be required to
initially recognize the funded status of a defined benefit postretirement plan
and to provide the required disclosures as of the end of the fiscal year ending
after December 15, 2006.  The requirement to measure plan assets and
benefit obligations as of the date of the employer’s fiscal year end statement
of financial position is effective for fiscal years ending after December 15,
2008, or June 1, 2009 for Gurata.  Gurata does not have a defined
benefit postretirement plan and thus the Adoption of SFAS 158 is not expected to
have a material impact on Gurata’s financial statements.




Page
- 12





In
February 2007, the FASB issued SFAS No. 159 (SFAS 159), The Fair Value Option for Financial
Assets and Financial Liabilities—Including an amendment of FASB Statement No.
115.  SFAS 159 permits entities to choose to measure many
financial instruments and certain other items at fair
value.  Unrealized gains and losses on items for which the fair value
option has been elected will be recognized in earnings at each subsequent
reporting date.  SFAS 157 will be effective for us on June 1,
2008.  The adoption of SFAS 159 is not expected to have a material
impact on Gurata’s financial statements.





In
June 2007, the EITF of the FASB reached a consensus on Issue No. 07-3, Accounting for Nonrefundable Advance
Payments for Goods or Services Received for Use in Future Research and
Development Activities(EITF 07-3). EITF 07-3 requires that
non-refundable advance payments for goods or services that will be used or
rendered for future research and development activities must be deferred and
capitalized.  As the related goods are delivered or the services are
performed, or when the goods or services are no longer expected to be provided,
the deferred amounts must be recognized as an expense.  This issue is
effective for financial statements issued for fiscal years beginning after
December 15, 2007 and earlier application is not permitted.  This
consensus is to be applied prospectively for new contracts entered into on or
after the effective date.  EITF 07-03 will be effective for Gurata on
June 1, 2008.  The pronouncement is not expected to have a material
effect on Gurata’s financial statements.





In
December 2007, the FASB issued SFAS No. 141(R), Business Combinations(SFAS
141(R)), which replaces SFAS 141, Business
Combinations.  SFAS 141(R) requires an acquirer to recognize
the assets acquired, the liabilities assumed, and any non-controlling interest
in the acquiree at the acquisition date, measured at their fair values as of
that date, with limited exceptions.  This statement also requires the
acquirer in a business combination achieved in stages to recognize the
identifiable assets and liabilities, as well as the non-controlling interest in
the acquiree, at the full amounts of their fair values.  SFAS 141(R)
makes various other amendments to authoritative literature intended to provide
additional guidance or to confirm the guidance in that literature to that
provided in this statement.  This statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008.  SFAS 141(R) will be effective for Gurata on June 1,
2009.  Gurata does not expect the adoption of SFAS 141(R) to have a
significant impact on its financial statements.





In
December 2007, the Emerging Issues Task Force (EITF) of the FASB reached a
consensus on Issue No. 07-1, Accounting for Collaborative
Arrangements(EITF 07-1).  The EITF concluded on the definition
of a collaborative arrangement and that revenues and costs incurred with third
parties in connection with collaborative arrangements would be presented gross
or net based on the criteria in EITF 99-19 and other accounting
literature.  Companies are also required to disclose the nature and
purpose of collaborative arrangements along with the accounting policies and the
classification and amounts of significant financial-statement amounts related to
the arrangements.  Activities in the arrangement conducted in a
separate legal entity should be accounted for under other accounting literature;
however, required disclosure under EITF 07-1 applies to the entire collaborative
agreement.  This issue is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years, and is to be applied retrospectively to all periods
presented for all collaborative arrangements existing as of the effective date.
EITF 07-1 will be effective for Gurata on June 1, 2009.  Gurata does
not expect the adoption of EITF 07-1 to have a significant impact on its
financial statements.





In
December 2007, FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements(SFAS 160), which amends Accounting
Research Bulletin No. 51, Consolidated Financial
Statements, to improve the relevance, comparability, and transparency of
the financial information that a reporting entity provides in its consolidated
financial statements.  SFAS 160 establishes accounting and reporting
standards that require the ownership interests in subsidiaries not held by the
parent to be clearly identified, labeled and presented in the consolidated
statement of financial position within equity, but separate from the parent’s
equity.  This statement also requires the amount of consolidated net
income attributable to the parent and to the non-controlling interest to be
clearly identified and presented on the face of the consolidated statement of
income.  Changes in a parent’s ownership interest while the parent
retains its controlling financial interest must be accounted for consistently,
and when a subsidiary is deconsolidated, any retained non-controlling equity
investment in the former subsidiary must be initially measured at fair
value.  The gain or loss on the deconsolidation of the subsidiary is
measured using the fair value of any non-controlling equity
investment.  The statement also requires entities to provide
sufficient disclosures that clearly identify and distinguish between the
interests of the parent and the interests of the non-controlling
owners.  This statement applies prospectively to all entities that
prepare consolidated financial statements and applies prospectively for fiscal
years, and interim periods within those fiscal years, beginning on or after
December 15, 2008.  SFAS 160 will be effective for Gurata on June 1,
2009.  Gurata does not expect the adoption of SFAS 160 to have a
significant impact on its financial statements.




Page
- 13





In
February 2008 the FASB staff issued Staff Position No. 157-2 (FSP FAS 157-2)
Effective date of FASB
Statement No.157.FSP FAS 157-2 delayed the effective date of
SFAS 157 for non-financial assets and non-financial liabilities, except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis.  The provisions of FSP FAS 157-2 will be
effective for Gurata on June 1, 2009.





In March
2008, the FASB issued SFAS No. 161 (SFAS 161), Disclosures about Derivative
Instruments and Hedging Activities – An Amendment of FASB Statement No.
133(SFAS
133).This statement is intended to improve financial
reporting of derivative instruments and hedging activities by requiring enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under SFAS 133
and its related interpretations and (c) how derivative instruments and related
hedged items affect an entity’s financial position, financial performance and
cash flows.  The provisions of SFAS 161 are effective for fiscal years
beginning after November 15, 2008.  SFAS 161 will be effective for
Gurata on June 1, 2009.  Gurata is currently evaluating the impact
that the adoption of SFAS 161 may have on its financial statement
disclosures.





In May
2008, FASB issued SFAS No. 162, "The Hierarchy of Generally Accepted
Accounting Principles" (SFAS 162).  SFAS 162 identifies the
sources of accounting principles and the framework for selecting the principles
used in the preparation of financial statements of nongovernmental entities that
are presented in conformity with generally accepted accounting principles (GAAP)
in the United States (the GAAP hierarchy).  SFAS 162 is effective 60
days following the SEC’s approval of the Public Company Accounting Oversight
Board amendments to AU Section 411, "The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting
Principles".  Gurata is currently reviewing the effect, if any;
the proposed guidance will have on its financial statements
disclosures.





In May
2008, FASB issued SFAS No. 163, “Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No. 60”.  Diversity
exists in practice in accounting for financial guarantee insurance contracts by
insurance enterprises under FASB Statement No. 60, Accounting and Reporting by
Insurance Enterprises.  That diversity results in
inconsistencies in the recognition and measurement of claim liabilities because
of differing views about when a loss has been incurred under FASB Statement No.
5, Accounting for
Contingencies.  This Statement requires that an insurance
enterprise recognize a claim liability prior to an event of default (insured
event) when there is evidence that credit deterioration has occurred in an
insured financial obligation.  This Statement also clarifies how Statement
60 applies to financial guarantee insurance contracts, including the recognition
and measurement to be used to account for premium revenue and claim liabilities.
 Those clarifications will increase comparability in financial reporting of
financial guarantee insurance contracts by insurance enterprises.  This
Statement requires expanded disclosures about financial guarantee insurance
contracts.  The accounting and disclosure requirements of the Statement
will improve the quality of information provided to users of financial
statements.  SFAS 163 will be effective for financial statements issued for
fiscal years beginning after December 15, 2008, and interim periods within those
fiscal years; disclosure requirements in paragraphs 30(g) and 31 are effective
for the first period (including interim periods) beginning after May 23,
2008.  Gurata does not expect the adoption of SFAS 163 to have a
significant impact on its financial statements.





Functional
Currency





Gurata’s
functional currency is the United States dollar.  Gurata has
determined that its functional currency is the United States dollar for the
following reasons:





●      Gurata’s
current and future financings are and will be in United States
dollars;


●      Gurata
maintains a majority of its cash holdings in United States dollars;


●      any
potential sales of gold recovered from the Gate 1 Claim will be undertaken in
United States dollars;


●      a
majority of Gurata’s administrative expenses are undertaken in United States
dollars;


●      all cash
flows are generated in United States dollars; and


●
            the
      Gate 1 Claim is located in Canada, and even though the exploration
      expenses are estimated in Canadian dollars, these expenses can usually be
      requested to be billed in United States
dollars.







Page
- 14




Operations
Review





For the
year ended May 31, 2008, Gurata had a net loss of $76,085.  At May 31,
2008, Gurata’s current assets consisted of cash of $30,200 and deposit
receivable of $6,303.  When these assets are offset against Gurata’s
current obligations of $11,460 in accounts payable, $127 in accrued liabilities,
$3,675 in accrued administration and $34 due to a related party, Gurata is left
with working capital of $21,207.  Management believes Gurata’s cash
position as of the date of this filing is inadequate to satisfy its working
capital needs.  Over the next 12 months management anticipates that
Gurata’s operating costs will be approximately $70,000.





Over the
next 12 months, Gurata does not anticipate generating any
revenue.  During October and November of 2007, Gurata raised $85,000
through the issuance of 17,000,000 common shares at $0.005 per
share.  Management plans to continue to fund Phase One of Gurata’s
mineral exploration program and its operations through equity financing from the
sale of Gurata’s shares of common stock, advances from management or other third
parties, or through the sale of a part interest in the Gate 1
Claim.  Gurata does not have any financing arranged and cannot provide
any assurance that it will be able to raise sufficient funding from the sale of
its shares of common stock, that it will receive advances from management or
other third parties or that it will be able to sell a part interest in the Gate
1 Claim.  Although Gurata has not attempted to locate a joint venture
partner, if Gurata enters into a joint venture arrangement, Gurata would assign
a percentage of its interest in the Gate 1Claim to its joint venture
partner.





Related
Party Transactions





At May
31, 2008, Gurata was indebted to its CFO in the amount of $34.  During
the year ended May 31, 2008 Gurata paid $5,000 in administration fees to its
CFO.





The Gate
1 Claim is registered in the name of Feliberto Gurat, Gurata’s CFO, and pursuant
to a trust agreement is held in trust on Gurata’s behalf.  See Exhibit
10.2 – Trust agreement for more details.





Results
of Operations





Comparison
of the years ended May 31, 2008 and 2007.





Overall Results of
Operation





During
the year ended May 31, 2008, Gurata had a net loss of $76,085 compared to a net
loss of $17,458 for the year ended May 31, 2007.  This $58,627
increase in net loss was primarily due to increases of approximately $29,000 in
professional fees and $11,000 in exploration expenses.  Over the next
12 months management expects Gurata’s operating losses to be approximately
$70,000.





Revenues





Gurata
did not have any operating revenues from inception (May 26, 2006) to the date of
this filing.  To date Gurata’s activities have been financed through
the proceeds of share subscriptions.  From inception (May 26, 2006) to
the date of this filing, Gurata has raised a total of $107,000 from private
offerings of its common stock.  Due to the nature of its business
Gurata does not expect to have operating revenues within the next
year.





Operating Expenses





Gurata’s
operating expenses increased by $58,627 from $17,458 for the year ended May 31,
2007 to $76,085 for the year ended May 31, 2008.  The increase was
primarily due to approximate increases in  (a) professional fees of
$29,000, and regulatory fees of $2,000 primarily related to filing Gurata’s Form
SB-2 registration statement in August 2007 and regulatory compliance; (b)
consulting fees of $5,000 paid to Feliberto Gurat, Gurata’s CFO and $15,000 paid
to an outside consultant; (c) $11,000 in exploration expenses primarily for a
helicopter-supported magnetic survey of the Gate 1 Claim; (d) administrative
fees of $5,000 which covered Gurata’s rent, accounting and administrative fees
for the period and replaced the charges for donated rent and donated services of
$8,000 that were charged during the year ended May 31, 2007.  These
increases were primarily offset by a decrease in impairment loss on mineral
property costs of $1,000.  Over the next 12 months management expects
Gurata’s operating losses to be approximately $70,000, which includes the
following estimated costs:  $25,000 on Phase One of Gurata’s mineral
exploration program and $45,000 on general and administrative
costs.




Page
- 15





Off-Balance
Sheet Arrangements





Gurata
has no off-balance sheet arrangements that have or are reasonably likely to have
a current or future effect on its financial condition, changes in financial
condition, revenue or expenses, results of operations, liquidity, capital
expenditures or capital resources that is material to Gurata’s
investors.  Gurata does not have any non-consolidated, special-purpose
entities.





Liquidity,
Capital Resources and Financial Position





At May
31, 2008, Gurata had a cash balance of $30,200 and negative cash flows from
operations of $70,767.  During the year ended May 31, 2008, Gurata
funded its operations with cash that it received from the sale of its common
stock.





The notes
to Gurata’s financial statements as of May 31, 2008 disclose Gurata’s uncertain
ability to continue as a going concern.  Gurata has not and does not
expect to generate any revenues to cover its expenses while Gurata is in the
exploration stage and as a result Gurata has accumulated a deficit of $94,043
since inception.  At May 31, 2008, Gurata had $15,296 in current
liabilities, when its current liabilities are offset against its current assets
of $36,503 Gurata is left with working capital $21,207.  Gurata’s
ability to achieve and maintain profitability and positive cash flows is
dependent upon its ability to locate profitable mineral properties, generate
revenues from its mineral production and control production
costs.  Based upon current plans, management expects to incur
operating losses in future periods.  These factors raise substantial
doubt regarding Gurata’s ability to continue as a going
concern.  There is no assurance that Gurata will be able to generate
revenues in the future.  Gurata’s financial statements do not give any
effect to any adjustments that would be necessary should Gurata be unable to
continue as a going concern and therefore be required to realize its assets and
discharge its liabilities in other than the normal course of business and at
amounts different from those reflected in the accompanying financial
statements.  While Gurata has successfully generated sufficient
working capital through the sale of common stock to the date of this filing and
management believes that Gurata can continue to do so for the next year, there
are no assurances that Gurata will succeed in generating sufficient working
capital through the sale of common stock to meet its ongoing cash
needs.





Net
Cash Used in Operating Activities





Net cash
used in operating activities during the year ended May 31, 2008, was
$70,767.  Gurata used this cash primarily to cover its net operating
loss of $76,085, payment of accrued liabilities of $15 and on a deposit
receivable of $6,303 from its consulting geologist.  Included in
Gurata’s net operating loss are increases in; accounts payable of $7,960
primarily due to an increase in professional fees; accrued administration fees
of $3,675; and a $1 foreign exchange increase in the amount due to Gurata’s
CFO.





Net
Cash Used in Investing Activities





Gurata
did not have any investing activities during the year ended May 31,
2008.





Net
Cash Flows Provided By Financing Activities





Gurata
issued 17,000,000 shares of its common stock for $85,000 in cash during the year
ended May 31, 2008.





Income
Taxes





Income
tax expense is based on pre-tax financial accounting income.  Deferred
tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of
existing assets and liabilities and their respective tax
bases.  Deferred tax assets, including tax loss and credit
carryforwards, 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 income in the
period that includes the enactment date.  Deferred income tax expense
represents the change during the period in the deferred tax assets and deferred
tax liabilities.  The components of the deferred tax assets and
liabilities are individually classified as current and non-current based on
their characteristics.  Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than not that
some portion or all of the deferred tax assets will not be
realized.





Table 1
sets out Gurata’s deferred tax assets as of May 31, 2008 and
2007.  Gurata has established a 100% valuation allowance, as
management believes it is more likely than not that the deferred tax assets will
not be realized.




Page
- 16




Table
      1: Deferred Tax AssetsMay
      31,2008
            
            
            2007Federal
      loss carryforwards (estimated at 34%)
            
            $
            31,975
            
            
            $
            6,106Less:
      valuation allowance
            
            
            (31,975
            
            
            
            (6,106
            )$
            –
            
            
            $
            –





Gurata
established a 100% valuation allowance against its deferred tax assets based on
its current operating results.  If Gurata’s operating results improve
significantly, Gurata may have to record its deferred taxes in its financial
statements, which could have a material impact on Gurata’s financial
results.





Contingencies
and Commitments





At May
31, 2008 Gurata had the following commitments with the Province of British
Columbia to perform minimum work on the Gate 1 Claim (note that the $46,895
below includes the $13,697 that has been expended in 2008, but not yet accepted
by the Province of British Columbia).





Table
      2: Contractual ObligationsPayments
      due by periodTotal
            
            
            Less
      than
              1
      year
            
            
            1–3
              years
            
            
            3–5
              years
            
            
            More
      than
              5
      yearsMinimum
      Exploration Payments
            
            $
            46,895
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            46,895Total
            
            $
            46,895
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            46,895





Internal
and External Sources of Liquidity





To date,
Gurata has funded its operations from the sale of its common stock.





Foreign
Exchange





Gurata is
subject to foreign exchange risk for transactions denominated in foreign
currencies.  Foreign currency risk arises from the fluctuation of
foreign exchange rates and the degree of volatility of these rates relative to
the United States dollar.  Management does not believe that Gurata has
any material risk due to foreign currency exchange.





Inflation





Management
does not believe that inflation will have a material impact on Gurata’s future
operations.





Risks
and Uncertainties





There are
a number of known material risks and uncertainties that are reasonably likely to
have a material impact on Gurata’s revenues, operations, liquidity and income
over the short and long term.  The primary risk that Gurata faces over
the long term is that the Gate 1 Claim may not contain a commercially viable
mineral deposit.  If the Gate 1 Claim does not contain a commercially
viable deposit, this will have a material effect on Gurata’s ability to earn
revenue and income as it will not be able to sell any minerals.





There are
a number of industry-wide risk factors that may affect Gurata’s
business.  The most significant industry-wide risk factor is that
mineral exploration is an inherently risky business.  Very few
exploration companies go on to discover economically viable mineral deposits or
reserves that ultimately result in an operating mine.  In order for
Gurata to commence mining operations it faces a number of challenges, which
include finding qualified professionals to conduct its mineral exploration
program, obtaining adequate financing to continue its mineral exploration
program, locating a viable ore body, partnering with a senior mining company,
obtaining mining permits, and ultimately selling minerals in order to generate
revenue.




Page
- 17





Another
important industry-wide risk factor is that the price of commodities can
fluctuate based on world demand and other factors.  For example, if
the price of a mineral were to dramatically decline this could make any ore
Gurata has on the Gate 1 Claim uneconomical to mine.  Gurata and other
companies in its business are relying on a price of ore that will allow Gurata
to develop a mine and ultimately generate revenue by selling
minerals.





Additionally,
because the Gate 1 Claim is in a remote region of Canada and in an area of
inclement weather Gurata faces risks and uncertainties relating to the operation
of its mineral exploration program.  This presents both a short and
long term risk to Gurata in that poor weather could delay its mineral
exploration program and prevent Gurata from exploring the Gate 1 Claim as
planned.  This is a risk shared by many exploration companies in
Gurata’s business.  Gurata has the ability to monitor weather
predictions and can preserve capital by not sending exploration crews out in
poor weather conditions.  However, such weather delays could cause
Gurata to not be able to explore the Gate 1 Claim and not be able to file valid
exploration work with the Province of British Columbia.  Failure to
file valid exploration work would mean Gurata would have to pay the Province of
British Columbia in lieu of exploration in order to keep title to the Gate 1
Claim.  Payments in lieu of exploration are generally not an efficient
use of funds since it does not advance the understanding of a potential mineral
deposit.  However, these payments are sometimes required in Gurata’s
business.





Finally,
Gurata faces a risk of not being able to finance its mineral exploration
program.  With each unsuccessful attempt at locating a commercially
viable mineral deposit Gurata become more and more unattractive in the eyes of
investors.  Without adequate financing Gurata cannot operate mineral
exploration programs.  However, this risk is faced by all exploration
companies and it is not unique to Gurata.





Item
7A.  Quantitative and Qualitative Disclosures About Market
Risk.





Gurata is
a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is
not required to provide the information required under this item.





Page
- 18


Item
8.                      Financial
Statements and Supplementary Data.














GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


FINANCIAL
STATEMENTS








MAY
31, 2008 AND 2007


FOR
THE YEARS ENDED MAY 31 2008 AND 2007


AND
THE PERIOD FROM MAY 26, 2006 (INCEPTION) TO MAY 31, 2008












REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
      FIRM
            F-1BALANCE SHEETS
            F-2STATEMENTS OF OPERATIONS
            F-3STATEMENT OF STOCKHOLDERS’
EQUITY
            F-4STATEMENTS OF CASH
    FLOWS
            F-5NOTES TO FINANCIAL STATEMENTS
            F-6












Page
- 19






Madsen
& Associates CPA’s, Inc.
 684 EAST
VINE STREET #3
 MURRAY,
UTAH 84107
 TELEPHONE
(801) 268-2632
 FAX (801)
262-3978
 TED A.
MADSEN,
CPA                                                                                                                                                                                                                                                 
MEMBER:                      
AMERICAN INSTITUTE OF
 CERTIFIED PUBLIC ACCOUNTANTS
 
 UTAH
ASSOCIATION OF
 CERTIFIED PUBLIC ACCOUNTANTS





To Board
of Directors and


Stockholders
of Gurata Gold, Inc.








REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM





We have
audited the accompanying balance sheet of Gurata, Gold, Inc. (the Company), an
exploration stage company, as of May 31, 2008 and 2007 and the statements of
operations, stockholders’ equity, and cash flows for the years ended May 31,
2008 and  2007 and for the period from inception (May 26, 2006)
through May 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 the 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.  The
company is not required to have, nor were we engaged to perform, an audit of its
internal control of financial reporting.  Our audit included
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion of the effectiveness of the company’s
internal control over financial reporting. Accordingly, we express no such
opinion. An audit also includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, 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 Gurata Gold, Inc., an exploration
stage company, as of My 31, 2008 and 2007 and the results of its operations and
its cash flows for the years then ended and for the period from inception (May
26, 2006) through May 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.  The Company does not have the
necessary working capital for its planned activity, which raises substantial
doubt about its ability to continue as a going concern.  Management’s
plans in regard to these matters are described in Note 3 to the financial
statements.  These financial statements do not include any adjustments
that might result from the outcome of this uncertainty.








/s/
Madsen & Associates CPA’s, Inc.





Madsen
& Associates CPA’s, Inc.


Salt Lake
City, Utah


August
27, 2008








F
- 1




GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)
 BALANCE SHEETS


May
      31,2008
            
            
            2007ASSETSCurrent
      assets:Cash
            $
            30,200
            
            
            $
            15,967Deposit
      receivable
            
            6,303
            
            
            
            -Total
      assets
            $
            36,503
            
            
            $
            15,967LIABILITIES
      AND STOCKHOLDERS' EQUITYCurrent
      liabilities:Accounts
      payable
            $
            11,460
            
            
            $
            3,500Accrued
      liabilities
            
            127
            
            
            
            142Accrued
      administration
            
            3,675
            
            
            
            -Due
      to related party
            
            34
            
            
            
            33Total
      liabilities
            
            15,296
            
            
            
            3,675Commitments
      and contingencies
            
            -
            
            
            
            -Stockholders'
      equity:Common
      stock; authorized 75,000,000; $0.001 par value;39,000,000
      and 22,000,000 shares issued and outstandingat
      May 31, 2008 and 2007
            
            39,000
            
            
            
            22,000Additional
      paid in capital
            
            76,250
            
            
            
            8,250Deficit
      accumulated during the exploration stage
            
            (94,043
            )
            
            
            (17,958
            )Total
      stockholders' equity
            
            21,207
            
            
            
            12,292Total
      liabilities and stockholders' equity
            $
            36,503
            
            
            $
            15,967


The
accompanying notes are an integral part of these financial
statements


F
- 2




GURATA
GOLD, INC.
 (AN
EXPLORATION STAGE COMPANY)
 STATEMENTS OF OPERATIONS
 FOR
THE YEARS ENDED MAY 31, 2008 AND 2007 AND
 FOR
THE PERIOD FROM MAY 26, 2006 (INCEPTION) TO MAY 31, 2008


May
      31,
            
            
            From
      May 26, 2006 (Inception)2008
            
            
            2007
            
            
            to
      May 31, 2008Operating
      Expenses:Administration
            $
            8,624
            
            
            $
            3,500
            
            
            $
            12,124Bank
      charges and interest
            
            158
            
            
            
            115
            
            
            
            273Consulting
            
            20,500
            
            
            
            -
            
            
            
            20,500Donated
      rent
            
            -
            
            
            
            2,750
            
            
            
            2,750Donated
      services
            
            -
            
            
            
            5,500
            
            
            
            5,500Exploration
      and development
            
            15,366
            
            
            
            3,976
            
            
            
            19,342Office
            
            123
            
            
            
            -
            
            
            
            123Professional
            
            28,711
            
            
            
            142
            
            
            
            28,853Regulatory
            
            2,616
            
            
            
            475
            
            
            
            3,591Impairment
      loss on mineral property costs
            
            -
            
            
            
            1,000
            
            
            
            1,000Foreign
      exchange gain
            
            (13
            )
            
            
            -
            
            
            
            (13
            )Net
      loss for the period
            $
            (76,085
            )
            
            $
            (17,458
            )
            
            $
            (94,043
            )Net
      loss per share:Basic
      and diluted
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
      average number of shares outstanding:Basic
      and diluted
            
            32,007,650
            
            
            
            17,350,685




The
accompanying notes are an integral part of these financial
statements


F
- 3




STATEMENT OF STOCKHOLDERS' EQUITY
 FOR
THE YEARS ENDED MAY 31, 2008 AND 2007 AND
 FOR
THE PERIOD FROM MAY 26, 2006 (INCEPTION) TO MAY 31, 2008


DeficitCommon
      Stock Issued
            
            
            AccumulatedAdditional
            
            
            During
      theNumber
      of
            
            
            
            
            
            Paid-in
            
            
            ExplorationShares
            
            
            Amount
            
            
            Capital
            
            
            Stage
            
            
            TotalBalance
      at May 26, 2006 (Inception)
            
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -Net
      loss for the period
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (500
            )
            
            
            (500
            )Balance
      at May 31, 2006
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (500
            )
            
            
            (500
            )Common
      stock issued for cash
            
            22,000,000
            
            
            
            22,000
            
            
            
            -
            
            
            
            -
            
            
            
            22,000Donated
      services
            
            -
            
            
            
            -
            
            
            
            8,250
            
            
            
            -
            
            
            
            8,250Net
      loss
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (17,458
            )
            
            
            (17,458
            )Balance
      at May 31, 2007
            
            22,000,000
            
            
            
            22,000
            
            
            
            8,250
            
            
            
            (17,958
            )
            
            
            12,292Common
      stock issued for cash
            
            17,000,000
            
            
            
            17,000
            
            
            
            68,000
            
            
            
            -
            
            
            
            85,000Net
      loss
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (76,085
            )
            
            
            (76,085
            )Balance
      at May 31, 2008
            
            39,000,000
            
            
            $
            39,000
            
            
            $
            76,250
            
            
            $
            (94,043
            )
            
            $
            21,207


The
accompanying notes are an integral part of these financial
statements


F
- 4






GURATA
GOLD, INC.
 (AN
EXPLORATION STAGE COMPANY)
 STATEMENTS OF CASH FLOWS
 FOR
THE YEARS ENDED MAY 31, 2008 AND 2007 AND
 FOR
THE PERIOD FROM MAY 26, 2006 (INCEPTION) TO MAY 31, 2008


From
      May 26, 2006May
      31,
            
            
            (Inception)
      to2008
            
            
            2007
            
            
            May
      31, 2008Cash
      flow from operating activities:Net
      loss
            $
            (76,085
            )
            
            $
            (17,458
            )
            
            $
            (94,043
            )Adjustments
      to reconcile net loss to net cash used in operting
    activities:Donated
      services and rent
            
            -
            
            
            
            8,250
            
            
            
            8,250Impairment
      loss on mineral property costs
            
            -
            
            
            
            1,000
            
            
            
            1,000Changes
      in operating assets and liabilities:Deposit
      receivable
            
            (6,303
            )
            
            
            -
            
            
            
            (6,303
            )Accounts
      payable
            
            7,960
            
            
            
            3,500
            
            
            
            11,460Accrued
      liabilities
            
            (15
            )
            
            
            (358
            )
            
            
            127Accrued
      administration
            
            3,675
            
            
            
            -
            
            
            
            3,675Due
      to related party
            
            1
            
            
            
            33
            
            
            
            34Net
      cash used in operating activities
            
            (70,767
            )
            
            
            (5,033
            )
            
            
            (75,800
            )Cash
      flows from investing activities:Acquisition
      of mineral properties
            
            -
            
            
            
            (1,000
            )
            
            
            (1,000
            )Net
      cash used in investing activities
            
            -
            
            
            
            (1,000
            )
            
            
            (1,000
            )Cash
      flows from financing activities:Cash
      from issuance of common stock
            
            85,000
            
            
            
            22,000
            
            
            
            107,000Net
      cash provided by financing activities
            
            85,000
            
            
            
            22,000
            
            
            
            107,000Increase
      in cash during the period
            
            14,233
            
            
            
            15,967
            
            
            
            30,200Cash,
      beginning of period
            
            15,967
            
            
            
            -
            
            
            
            -Cash,
      end of period
            $
            30,200
            
            
            $
            15,967
            
            
            $
            30,200Supplemental
      disclosure of cash flow information:Cash
      paid during the periodTaxes
            $
            -
            
            
            $
            -
            
            
            $
            -Interest
            $
            -
            
            
            $
            -
            
            
            $
            -




The
accompanying notes are an integral part of these financial
statements





F
- 5


GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
1 – ORGANIZATION AND BASIS OF PRESENTATION





Nature
of Operations





Gurata
Gold, Inc. (“Gurata”) was incorporated on May 26, 2006, under the laws of the
State of Nevada.  Gurata’s principal business is the acquisition and
exploration of mineral resources in northwestern British Columbia,
Canada.  Gurata has not presently determined whether its properties
contain mineral reserves that are economically recoverable.  In these
notes, the terms “Company”, “we”, “us” or “our” mean Gurata.





Exploration
Stage





These
financial statements and related notes are presented in accordance with
accounting principles generally accepted in the United States of
America.  The Company has not produced any revenues from its principal
business and is an exploration stage company as defined by Statement of
Financial Accounting Standard (SFAS) No. 7.





The
Company is in the early exploration stage.  In an exploration stage
company, management devotes most of its time to conducting exploratory work and
developing its business.  These financial statements have been
prepared on a going concern basis, which implies the Company will continue to
realize its assets and discharge its liabilities in the normal course of
business.  The Company has never paid any dividends and is unlikely to
pay dividends or generate earnings in the immediate or foreseeable
future.  The Company’s continuation as a going concern and its ability
to emerge from the exploration stage with any planned principal business
activity is dependent upon the continued financial support of its shareholders
and its ability to obtain the necessary equity financing and attain profitable
operations.





Basis
of Presentation





These
audited financial statements and related notes are presented in accordance with
accounting principles generally accepted in the United States.





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





Reclassifications





Certain
prior period amounts in the accompanying financial statements have been
reclassified to conform to the current year’s presentation.





Cash
and Cash Equivalents





For
purposes of the balance sheet and statement of cash flows, the Company considers
all amounts on deposit with financial institutions and highly liquid investments
with maturities of 90 days or less to be cash equivalents.  At May 31,
2008 and 2007, the Company did not have any cash equivalents





F
- 6





GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Financial
Instruments





Concentration
of Credit Risk





Financial
instruments that potentially subject the Company to significant concentrations
of credit risk consist principally of cash.  At May 31, 2008 and 2007
the Company had approximately $30,000 and $16,000, respectively in cash that was
not insured.  This cash is on deposit with a large chartered Canadian
bank.  As part of its cash management process, the Company performs
periodic evaluations of the relative credit standing of this financial
institution.  The Company has not experienced any losses in cash
balances and does not believe it is exposed to any significant credit risk on
its cash.





Foreign
Exchange Risk





The
Company is subject to foreign exchange risk for transactions denominated in
foreign currencies.  Foreign currency risk arises from the fluctuation
of foreign exchange rates and the degree of volatility of these rates relative
to the United States dollar.  The Company does not believe that it has
any material risk due to foreign currency exchange.





Fair
Value of Financial Instruments





The
Company’s financial instruments include cash, deposit receivable, accounts
payable, accrued liabilities and accrued administration.  The fair
value of these financial instruments approximate their carrying values due to
their short maturities.





Foreign
Currency Translation





The
Company’s functional and reporting currency is the United States
dollar.  Monetary assets and liabilities denominated in foreign
currencies are translated in accordance with SFAS No. 52 Foreign Currency Translation,
using the exchange rate prevailing at the balance sheet date.  Gains
and losses arising on settlement of foreign currency denominated transactions or
balances are included in the determination of income.  Foreign
currency transactions are primarily undertaken in Canadian
dollars.  The Company has not to the date of these financial
statements, entered into derivative instruments to offset the impact of foreign
currency fluctuations.





Accounting
Estimates





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





The
Company’s financial statements are based on a number of estimates, including
accruals for estimated administrative and professional fees.





Comprehensive
Income (Loss)





Comprehensive
Income (loss) reflects changes in equity that results from transactions and
economic events from non-owner sources.  At May 31, 2008 and 2007, the
Company has no items that represent a comprehensive income (loss) and,
therefore, has not included a schedule of comprehensive income (loss) in the
financial statements.








F
- 7







GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Mineral
Property Costs





The
Company has been in the exploration stage since its inception on May 26, 2006
and has not yet realized any revenues from its planned operations.  It
is primarily engaged in 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 the Emerging Issues Task Force
(EITF) 04-02, Whether Mineral
Rights are Tangible or Intangible Assets.  The Company assesses
the carrying costs for impairment under Statement of Financial Accounting
Standards (SFAS) No. 144, Accounting for Impairment or
Disposal of Long Lived Assets at each fiscal quarter end.  An
impairment is recognized when the sum of the expected undiscounted future cash
flows is less than the carrying amount of the mineral
property.  Impairment losses, if any, are measured as the excess of
the carrying amount of the mineral property over its estimated fair
value.




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 proven and
probable reserves.  If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations.





Asset
Retirement Obligations





SFAS No.
143 (“SFAS 143”), Accounting for Asset Retirement Obligations addresses
financial accounting and reporting for obligations associated with the
retirement of tangible long-lived assets and the associated asset retirement
costs.  Specifically, SFAS 143 requires that the fair value of a
liability for an asset retirement obligation be recognized in the period in
which it is incurred if a reasonable estimate of fair value can be
made.  In addition, the asset retirement cost is capitalized as part
of the asset’s carrying value and subsequently allocated to expense over the
asset’s useful life.  At May 31, 2008 and 2007, the Company did not
have any asset retirement obligations.





Basic
and Diluted Net Loss Per Common Share (“EPS”)





Basic net
loss per share is computed by dividing the net loss attributable to the common
stockholders by the weighted average number of common shares outstanding during
the reporting period.  Diluted net income per common share includes
the potential dilution that could occur upon exercise of the options and
warrants to acquire common stock computed using the treasury stock method which
assumes that the increase in the number of shares is reduced by the number of
shares which could have been repurchased by the Company with the proceeds from
the exercise of the options and warrants (which were assumed to have been made
at the average market price of the common shares during the reporting
period).





Potential
common shares are excluded from the diluted loss per share computation in net
loss periods as their inclusion would be anti-dilutive.





At May
31, 2008, the Company had issued 39,000,000 common shares and had no outstanding
options or warrants.





F
- 8




GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Stock-Based
Compensation





In
December 2004, the Financial Accounting Standards Board (FASB) issued SFAS No.
123(R), Share-Based
Payment (SFAS 123(R)), which is a revision of SFAS No. 123, Accounting for Stock-Based
Compensation.  SFAS 123(R) was effective for public companies
for the first fiscal year beginning after June 15, 2005, supersedes Accounting
Principles Board Opinion No. 25 (APB 25), Accounting for Stock Issued to
Employees, and amends SFAS 95, Statement of Cash
Flows.  SFAS 123(R) eliminates the option to use APB 25’s
intrinsic value method of accounting and requires recording expense for stock
compensation based on a fair value based method.





The
adoption of SFAS 123(R) did not have a material effect on the Company’s
financial condition or results of operations because since inception the Company
has not entered into any share-based transactions.





Income
Taxes





Income
tax expense is based on pre-tax financial accounting income.  Deferred
tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax bases.
Deferred tax assets, including tax loss and credit carryforwards, 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 income in the period that includes the
enactment date.  Deferred income tax expense represents the change
during the period in the deferred tax assets and deferred tax liabilities. The
components of the deferred tax assets and liabilities are individually
classified as current and non-current based on their
characteristics.  Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than not that
some portion or all of the deferred tax assets will not be
realized.





Recent
Accounting Pronouncements




In
February 2006, the Financial Accounting Standards Board (FASB) issued SFAS No.
155 (SFAS 155) Accounting for
Certain Hybrid Financial Instruments - an amendment of FASB Statements No. 133
and 140.  This Statement amends FASB Statements No. 133, Accounting for Derivative
Instruments and Hedging Activities, and No. 140, Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of
Liabilities.  This Statement resolves issues addressed in
Statement 133 Implementation Issue No. D1, Application of Statement 133 to
Beneficial Interests in Securitized Financial Assets.  This
statement is effective for all financial instruments acquired or issued after
the beginning of an entity’s first fiscal year that begins after September 15,
2006.  SFAS 156 was effective for the Company beginning June 1,
2007.  The adoption of SFAS 155 did not have a material impact on our
financial statements.





In
September 2006, the FASB issued SFAS No. 157 (SFAS 157), Fair Value Measurements.SFAS
157 defines fair value, establishes a framework for measuring fair value and
expands disclosure requirements about fair value measurements.  SFAS
157 was effective for the Company on June 1, 2007.  Adoption of SFAS
157 did not have a material impact on our financial statements.





F
- 9





GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Recent
Accounting Pronouncements (continued)





In
September 2006, the FASB issued SFAS 158 (“SFAS 158”), Employers’ Accounting for Defined
Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements
No. 87, 88, 106, and 132(R). This statement requires an
employer to recognize the over funded or under funded status of a defined
benefit postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in that funded status in the year in
which the changes occur through comprehensive income of a business
entity.  This statement also requires an employer to measure the
funded status of a plan as of the date of its year end statement of financial
position, with limited exceptions.  The Company will be required to
initially recognize the funded status of a defined benefit postretirement plan
and to provide the required disclosures as of the end of the fiscal year ending
after December 15, 2006.  The requirement to measure plan assets and
benefit obligations as of the date of the employer’s fiscal year end statement
of financial position is effective for fiscal years ending after December 15,
2008, or June 1, 2009 for the Company.  We do not have a defined
benefit postretirement plan and thus the Adoption of SFAS 158 is not expected to
have a material impact on our financial statements.





In
February 2007, the FASB issued SFAS No. 159 (SFAS 159), The Fair Value Option for Financial
Assets and Financial Liabilities—Including an amendment of FASB Statement No.
115.SFAS 159 permits entities to choose to measure many
financial instruments and certain other items at fair
value.  Unrealized gains and losses on items for which the fair value
option has been elected will be recognized in earnings at each subsequent
reporting date.  SFAS 157 will be effective for the Company on June 1,
2008.  The adoption of SFAS 159 is not expected to have a material
impact on our financial statements.





In June
2007, the EITF of the FASB reached a consensus on Issue No. 07-3, Accounting for Nonrefundable Advance
Payments for Goods or Services Received for Use in Future Research and
Development Activities(EITF 07-3).  EITF 07-3 requires that
non-refundable advance payments for goods or services that will be used or
rendered for future research and development activities must be deferred and
capitalized.  As the related goods are delivered or the services are
performed, or when the goods or services are no longer expected to be provided,
the deferred amounts must be recognized as an expense.  This issue is
effective for financial statements issued for fiscal years beginning after
December 15, 2007 and earlier application is not permitted.  This
consensus is to be applied prospectively for new contracts entered into on or
after the effective date.  EITF 07-03 will be effective for the
Company on June 1, 2008.  The pronouncement is not expected to have a
material effect on our financial statements.





In
December 2007, the FASB issued SFAS No. 141(R), Business Combinations(SFAS
141(R)), which replaces SFAS 141, Business
Combinations.  SFAS 141(R) requires an acquirer to recognize
the assets acquired, the liabilities assumed, and any non-controlling interest
in the acquiree at the acquisition date, measured at their fair values as of
that date, with limited exceptions.  This statement also requires the
acquirer in a business combination achieved in stages to recognize the
identifiable assets and liabilities, as well as the non-controlling interest in
the acquiree, at the full amounts of their fair values. SFAS 141(R) makes
various other amendments to authoritative literature intended to provide
additional guidance or to confirm the guidance in that literature to that
provided in this statement.  This statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008.  SFAS 141(R) will be effective for the Company on June 1,
2009.  We do not expect the adoption of SFAS 141(R) to have a
significant impact on our financial statements.








F
- 10







GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Recent
Accounting Pronouncements (continued)





In
December 2007, the Emerging Issues Task Force (EITF) of the FASB reached a
consensus on Issue No. 07-1, Accounting for Collaborative
Arrangements(EITF 07-1).  The EITF concluded on the definition
of a collaborative arrangement and that revenues and costs incurred with third
parties in connection with collaborative arrangements would be presented gross
or net based on the criteria in EITF 99-19 and other accounting
literature.  Companies are also required to disclose the nature and
purpose of collaborative arrangements along with the accounting policies and the
classification and amounts of significant financial-statement amounts related to
the arrangements.  Activities in the arrangement conducted in a
separate legal entity should be accounted for under other accounting literature;
however, required disclosure under EITF 07-1 applies to the entire collaborative
agreement.  This issue is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years, and is to be applied retrospectively to all periods
presented for all collaborative arrangements existing as of the effective date.
EITF 07-1 will be effective for the Company on June 1, 2009.  We do
not expect the adoption of EITF 07-1 to have a significant impact on our
financial statements.





In
December 2007, FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements(SFAS 160), which amends Accounting
Research Bulletin No. 51, Consolidated Financial
Statements, to improve the relevance, comparability, and transparency of
the financial information that a reporting entity provides in its consolidated
financial statements.  SFAS 160 establishes accounting and reporting
standards that require the ownership interests in subsidiaries not held by the
parent to be clearly identified, labeled and presented in the consolidated
statement of financial position within equity, but separate from the parent’s
equity.  This statement also requires the amount of consolidated net
income attributable to the parent and to the non-controlling interest to be
clearly identified and presented on the face of the consolidated statement of
income.  Changes in a parent’s ownership interest while the parent
retains its controlling financial interest must be accounted for consistently,
and when a subsidiary is deconsolidated, any retained non-controlling equity
investment in the former subsidiary must be initially measured at fair
value.  The gain or loss on the deconsolidation of the subsidiary is
measured using the fair value of any non-controlling equity
investment.  The statement also requires entities to provide
sufficient disclosures that clearly identify and distinguish between the
interests of the parent and the interests of the non-controlling
owners.  This statement applies prospectively to all entities that
prepare consolidated financial statements and applies prospectively for fiscal
years, and interim periods within those fiscal years, beginning on or after
December 15, 2008.  SFAS 160 will be effective for the Company on June
1, 2009.  We do not expect the adoption of SFAS 160 to have a
significant impact on our financial statements.





In
February 2008 the FASB staff issued Staff Position No. 157-2 (FSP FAS 157-2)
Effective date of FASB
Statement No.157.FSP FAS 157-2 delayed the effective date of
SFAS 157 for non-financial assets and non-financial liabilities, except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis.  The provisions of FSP FAS 157-2 will be
effective for us on June 1, 2009.





In March
2008, the FASB issued SFAS No. 161 (SFAS 161), Disclosures about Derivative
Instruments and Hedging Activities – An Amendment of FASB Statement No.
133(SFAS
133).This statement is intended to improve financial
reporting of derivative instruments and hedging activities by requiring enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under SFAS 133
and its related interpretations and (c) how derivative instruments and related
hedged items affect an entity’s financial position, financial performance and
cash flows.  The provisions of SFAS 161 are effective for fiscal years
beginning after November 15, 2008.  SFAS 161 will be effective for the
Company on June 1, 2009.  We are currently evaluating the impact that
the adoption of SFAS 161 may have on our financial statement
disclosures.








F
- 11




GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Recent
Accounting Pronouncements (continued)





In May,
2008, FASB issued SFAS No. 162, "The Hierarchy of Generally Accepted
Accounting Principles" (SFAS 162). SFAS 162 identifies the sources of
accounting principles and the framework for selecting the principles used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy).  SFAS 162 is effective 60 days
following the SEC’s approval of the Public Company Accounting Oversight Board
amendments to AU Section 411, "The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles".  The
Company is currently reviewing the effect, if any; the proposed guidance will
have on its financial statements disclosures.





In May,
2008, FASB issued SFAS No. 163, “Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No. 60”.  Diversity
exists in practice in accounting for financial guarantee insurance contracts by
insurance enterprises under FASB Statement No. 60, Accounting and Reporting by
Insurance Enterprises.  That diversity results in
inconsistencies in the recognition and measurement of claim liabilities because
of differing views about when a loss has been incurred under FASB Statement No.
5, Accounting for
Contingencies.  This Statement requires that an insurance
enterprise recognize a claim liability prior to an event of default (insured
event) when there is evidence that credit deterioration has occurred in an
insured financial obligation.  This Statement also clarifies how Statement
60 applies to financial guarantee insurance contracts, including the recognition
and measurement to be used to account for premium revenue and claim liabilities.
 Those clarifications will increase comparability in financial reporting of
financial guarantee insurance contracts by insurance enterprises.  This
Statement requires expanded disclosures about financial guarantee insurance
contracts.  The accounting and disclosure requirements of the Statement
will improve the quality of information provided to users of financial
statements.  SFAS 163 will be effective for financial statements issued for
fiscal years beginning after December 15, 2008, and interim periods within those
fiscal years; disclosure requirements in paragraphs 30(g) and 31 are effective
for the first period (including interim periods) beginning after May 23,
2008.  We do not expect the adoption of SFAS 163 to have a significant
impact on our financial statements.





NOTE
3 – GOING CONCERN





These
financial statements have been prepared on a going concern basis, which implies
the Company will continue to realize its assets and discharge its liabilities in
the normal course of business.  The Company has not generated any
revenues since inception and has never paid any dividends and is unlikely to pay
dividends or generate earnings in the immediate or foreseeable
future.  The continuation of the Company as a going concern is
dependent upon the continued financial support from its shareholders, the
ability of the Company to obtain necessary equity financing to continue
operations, confirmation of the Company’s interests in the underlying
properties, and the attainment of profitable operations.  The
Company’s ability to achieve and maintain profitability and positive cash flows
is dependent upon its ability to locate profitable mineral properties, generate
revenues from its mineral production and control production
costs.  Based upon current plans, the Company expects to incur
operating losses in future periods.  At May 31, 2008, the Company had
accumulated losses of $94,043 since inception.  These factors raise
substantial doubt regarding the Company’s ability to continue as a going
concern.  There is no assurance that the Company will be able to
generate revenues in the future.  These financial statements do not
give any effect to any adjustments that would be necessary should the Company be
unable to continue as a going concern and therefore be required to realize its
assets and discharge its liabilities in other than the normal course of business
and at amounts different from those reflected in the accompanying financial
statements.





F
- 12







GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
4 - RELATED PARTY TRANSACTIONS





All of
the Company’s mineral claims are registered in the name of the President of the
Company and pursuant to a trust agreement are held in trust on behalf of the
Company (see Note 5).





During
the year ended May 31, 2008 the Company paid $5,000 in consulting fees to its
president.  At May 31, 2008 and 2007, the Company was indebted to its
president in the amounts of $34 and $33, respectively.





NOTE
5 – UNPROVED MINERAL PROPERTIES





On
December 15, 2006, the Company acquired the Gate 1 mineral claim near Atlin,
British Columbia, Canada, comprising an area of 376.49 hectares for
$1,000.  During the year ended May 31, 2007, the Company determined
that the carrying amount of the mineral property was in excess of its estimated
fair value and recognized an impairment loss on mineral property costs of
$1,000.





The
Company is required to incur approximately $1,514 (CDN$1,505) on or before
February 10, 2009 and approximately $3,030 (CDN$3,012) on or before February 10,
2010 and each year thereafter in exploration expenditures or pay the equivalent
sum in cash in lieu of work, in order to retain title to the claims (see Notes 4
and 7).





During
the year ended May 31, 2008, the Company paid $1,669 to the Province of British
Columbia and spent $13,697 on exploration.  The Company’s mineral
claims are in good standing until February 10, 2009.





NOTE
6 - COMMON STOCK





On July
11, 2006 and August 23, 2006, the Company issued 3,000,000 and 19,000,000 common
shares respectively, at $0.001 per share for cash of $22,000 to its
President.





On
November 30, 2007, the Company authorized and issued 17,000,000 common shares at
$0.005 per share for cash of $85,000.





NOTE
7 – COMMITMENTS





At May
31, 2008, the company had spent $13,697 on exploration expenditures which have
not been submitted to the Government of British Columbia for
approval.  The following commitment table excludes the $13,697 in
exploration expenditures.  At May 31, 2008 we had the following
commitments with the government of British Columbia to perform minimum work on
our mineral properties: (Note 5)








Future
      minimum payments2009
            $
            -2010
            
            -2011
            
            -2012
            
            -2013
            
            -After
      2013
            
            46,895Total
      future minimum payments
            $
            46,895








F
- 13




GURATA
GOLD, INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


MAY
31, 2008





NOTE
8 – DEPOSIT RECEIVABLE





On April
3, 2008, the Company was required to pay a $20,000 deposit for a helicopter
assisted magnetic survey.  The actual cost of this magnetic survey was
$13,697, leaving a $6,303 deposit receivable.





NOTE
9 – INCOME TAXES





Income
tax expense has not been recognized for the years ended May 31, 2008 and 2007
and no taxes were payable at May 31, 2008 or 2007, because the Company has
incurred net operating losses (NOL’s) since its inception.





The
Company’s operating losses for the years ended May 31, 2008 and 2007,
were:





2008
            
            
            2007$
            76,085
            
            
            $
            17,458$
            76,085
            
            
            $
            17,458





At May
31, 2008 and 2007 the Company had the following deferred tax assets related to
NOL’s.  A 100% valuation allowance has been established as management
believes it is more likely than not that the deferred tax assets will not be
realized.





2008
            
            
            2007Federal
      loss carryforwards
            
            $
            31,975
            
            
            $
            6,106Less:
      valuation allowance
            
            
            (31,975
            )
            
            
            (6,106
            )$
            -
            
            
            $
            -





The
Company’s valuation allowance increased during 2008 and 2007 by $25,869 and
$5,936 respectively.





The
Company had the following NOL carryforwards at May 31:





2008
            
            
            2007$
            94,043
            
            
            $
            17,958$
            94,043
            
            
            $
            17,958





The
federal NOL’s expire through May 31, 2028.  The Company is a Nevada
corporation and is not subject to state taxes.











F
- 14


Item
9.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.





Since
inception on May 26, 2006, there were no disagreements with Gurata’s accountants
on any matter of accounting principle or practices, financial statement
disclosure or auditing scope or procedure. In addition, there were no reportable
events as described in Item 304(b) of Regulation S-K that occurred within
Gurata’s two most recent fiscal years and the subsequent interim
periods.  Gurata’s Independent Registered Public Accounting Firm
from inception to the current date is Madsen & Associates CPA’s, Inc., 684
East Vine Street, #3, Murray, Utah, 84107.





Item 9A.  Controls and
Procedures.





Disclosure Controls and
Procedures





Disclosure
controls and procedures are designed to ensure that information required to be
disclosed in the reports filed or submitted under the Exchange Act is recorded,
processed, summarized and reported, within the time period specified in the
SEC’s rules and forms.  Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in the reports filed under the Exchange Act is
accumulated and communicated to management, including Shaun Davis, Gurata’s
Chief Executive Officer, and Feliberto Gurat, Gurata’s Chief Financial Officer,
as appropriate, to allow timely decisions regarding required
disclosure.





Mr. Davis
and Mr. Gurat have evaluated the effectiveness of the design and operation of
Gurata’s disclosure controls and procedures (as such term is defined in Rules
13a-15 and 15d-15 under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of the end
of the period covered by this annual report (the “Evaluation
Date”).  Based on such evaluation, Mr. Davis and Mr. Gurat have
concluded that, as of the Evaluation Date, Gurata’s disclosure controls and
procedures are effective to alert Gurata on a timely basis to any material
information required to be included in the reports to be filed or submitted
under the Exchange Act and to ensure that the information required to be
disclosed in those reports is recorded, processed, summarized and reported as
and when required.





Changes in Internal
Controls





During
the last fiscal quarter covered by this report, there were no changes in
Gurata’s internal controls or, to Gurata’s knowledge, in other factors that have
materially affected, or are reasonably likely to materially affect, these
controls and procedures subsequent to the Evaluation Date.





Management’s Report on
Internal Controls over Financial Reporting





Gurata is
a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is
not required to provide the information required under this item.





Item
9B.  Other Information





During
the fourth quarter of the fiscal year covered by this Form 10-K, Gurata reported
all information that was required to be disclosed in a report on Form
8-K.





PART
III





Item
10.  Directors, Executive Officers, and Corporate
Governance.





(a)           Identify
Directors and Executive Officers





Each
director of Gurata holds office until (i) the next annual meeting of the
stockholders, (ii) his successor has been elected and qualified, or (iii) the
director resigns.




Page
- 34





Gurata’s
management team is listed below.





Officer’s
      Name
            Gurata
      Gold, Inc.Shaun
      P. Davis
            President
      and CEO,Feliberto
      Gurat
            Sole
      director
              CFO,
      Treasurer,
              and
      Corporate Secretary





Shaun P.
Davis ●  Mr. Davis (42 years old)has been the president
and CEO of Gurata since August 2008.  During the past five years, Mr.
Davis has been a realtor and worked in property management since
1990.





Feliberto
Gurat ●  Mr. Gurat (36 years old)has been a director and
the CFO of Gurata since May 2006 and was the president and CEO of Gurata from
May 2006 to August 2008.  During the past five years, Mr. Gurat has
worked for Cloudbreak Resources Ltd. as a media relations specialist from August
2003 to March 2007.  Cloudbreak Resources Ltd. is a junior mineral
exploration company based in Vancouver, Canada.  At Cloudbreak, Mr.
Gurat was responsible for handling incoming inquiries from media and others
about Cloudbreak.  At Cloudbreak, Mr. Gurat was exposed to the
business of mineral exploration including activities such as claim acquisition,
financing, and claim exploration.





(b)           Identify
Significant Employees





Gurata
has no significant employees.  The only persons providing Gurata with
ongoing services are Mr. Davis and Mr. Gurat.  Mr. Davis will devote
approximately 20 hours per week or 50% of his working time to Gurata’s
business.  Mr. Gurat will devote approximately eight hours per week or
20% of his working time to Gurata’s business.  For Gurata’s accounting
requirements Gurata utilizes the consulting services of Da Costa Management
Corp. of Vancouver, Canada to assist in the preparation of its annual and
interim financial statements in accordance with accounting principles generally
accepted in the United States.





(c)           Family
Relationships





There are
no family relationships among the directors, executive officers or persons
nominated or chosen by Gurata to become directors or executive
officers.





(d)           Involvement
in Certain Legal Proceedings





(1)
            No
      bankruptcy petition has been filed by or against any business of which any
      director was a general partner or executive officer either at the time of
      the bankruptcy or within two years prior to that
  time.





(2)
            No
      director has been convicted in a criminal proceeding and is not subject to
      a pending criminal proceeding (excluding traffic violations and other
      minor offences).





(3)
            No
      director has been subject to any order, judgement, or decree, not
      subsequently reversed, suspended or vacated, of any court of competent
      jurisdiction, permanently or temporarily enjoining, barring, suspending or
      otherwise limiting his involvement in any type of business, securities or
      banking activities.





(4)
            No
      director has been found by a court of competent jurisdiction (in a civil
      action), the Securities Exchange Commission or the Commodity Futures
      Trading Commission to have violated a federal or state securities or
      commodities law, that has not been reversed, suspended, or
      vacated.





(e)           Compliance
with Section 16(a) of the Exchange Act.





All
reports were filed with the SEC on a timely basis and Gurata is not aware of any
failures to file a required report during the period covered by this annual
report, with the exception of the following.  Feliberto Gurat failed
to file a Form 5 (Annual Statement of Beneficial Ownership) for the 2008 fiscal
year.




Page
- 35





(f)           Nomination
Procedure for Directors





Gurata
does not have a standing nominating committee; recommendations for candidates to
stand for election as directors are made by the board of
directors.  Gurata has not adopted a policy that permits shareholders
to recommend candidates for election as directors or a process for shareholders
to send communications to the board of directors.





(g)           Audit
Committee Financial Expert





Gurata
has no financial expert.  Management believes the cost related to
retaining a financial expert at this time is prohibitive.  Gurata’s
Board of Directors has determined that it does not presently need an audit
committee financial expert on the Board of Directors to carry out the duties of
the Audit Committee.  Gurata’s Board of Directors has determined that
the cost of hiring a financial expert to act as a director of Gurata and to be a
member of the Audit Committee or otherwise perform Audit Committee functions
outweighs the benefits of having a financial expert on the Audit
Committee





(h)           Identification
of Audit Committee





Gurata
does not have a separately-designated standing audit
committee.  Rather, Gurata’s entire board of directors perform the
required functions of an audit committee.  Currently, Feliberto Gurat
is the only member of Gurata’s audit committee, but does not meet Gurata’s
independent requirements for an audit committee member.  See “Item 12.
(c) Director independence” below for more information on
independence.





Gurata’s
audit committee is responsible for: (1) selection and oversight of Gurata’s
independent accountant; (2) establishing procedures for the receipt, retention
and treatment of complaints regarding accounting, internal controls and auditing
matters; (3) establishing procedures for the confidential, anonymous submission
by Gurata’s employees of concerns regarding accounting and auditing matters; (4)
engaging outside advisors; and, (5) funding for the outside auditor and any
outside advisors engaged by the audit committee.





As of May
31, 2008, Gurata did not have a written audit committee charter or similar
document.





(i)           Code
of Ethics





Gurata
has adopted a financial code of ethics that applies to all its executive
officers and employees, including its CEO and CFO.  See Exhibit 14 –
Code of Ethics for more information.  Gurata undertakes to provide any
person with a copy of its financial code of ethics free of
charge.  Please contact Shaun Davis at 206-779-5013 to request a copy
of Gurata’s financial code of ethics.  Management believes Gurata’s
financial code of ethics is reasonably designed to deter wrongdoing and promote
honest and ethical conduct; provide full, fair, accurate, timely and
understandable disclosure in public reports; comply with applicable laws; ensure
prompt internal reporting of code violations; and provide accountability for
adherence to the code.





Item
11.  Executive Compensation.





Gurata
has paid $5,000 in compensation to its named executive officers during its
fiscal year ended May 31, 2008.





SUMMARY
COMPENSATION TABLE





Name
      and principal position
              
              (a)
            Year
              
              
              
              (b)
            Salary
              
              ($)
              
              (c)
            Bonus
              
              ($)
              
              (d)
            Stock
      Awards
              ($)
              
              (e)
            Option
      Awards
              ($)
              
              (f)
            Non-Equity
      Incentive Plan
              ($)
              
              (g)
            Non-qualified
      Deferred Compen-
              sation
      Earnings
              ($)
              
              (h)
            All
      other compen-sation
              ($)
              
              (i)
            Total
              
              ($)
              
              (j)Shaun
      P. Davis
              CEO
              August
      2008 - present
            2006
              2007
              2008
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/a
            n/a
              n/a
              n/aFeliberto
      Gurat
              CFO
              May
      2006–Aug 2008
              CFO
              May
      2006 - present
            2006
              2007
              2008
            nil
              nil
              nil
            nil
              nil
              nil
            nil
              nil
              nil
            nil
              nil
              nil
            nil
              nil
              nil
            nil
              nil
              nil
            nil
              nil
              5,000
            nil
              nil
              5,000






Page
- 36





Since
Gurata’s inception, no stock options, stock appreciation rights, or long-term
incentive plans have been granted, exercised or repriced.





Currently,
there are no arrangements between Gurata and any of its directors whereby such
directors are compensated for any services provided as directors.





There are
no employment agreements between Gurata and any named executive officer, and
there are no employment agreements or other compensating plans or arrangements
with regard to any named executive officer which provide for specific
compensation in the event of resignation, retirement, other termination of
employment or from a change of control of Gurata or from a change in a named
executive officer’s responsibilities following a change in control.





Item
12.  Security Ownership of Certain Beneficial Holders and
Management.





(a)           Security
Ownership of Certain Beneficial Owners (more than 5%)





(1)
              Title
      of Class
            (2)
              Name
      and Address of Beneficial Owner
            (3)
              Amount
      and Nature of
              Beneficial
      Owner[1]
            (4)
              Percent
              of Class[2]common
      stock
            Feliberto
      Gurat
              1403
      – 1200 Alberni Street
              Vancouver,
      British Columbia
              V6E
      1A6     Canada
            22,000,000
            56.4%


[1]The
      listed beneficial owner has no right to acquire any shares within 60 days
      of the date of this Form 10-KSB from options, warrants, rights, conversion
      privileges or similar obligations excepted as otherwise
    noted.


[2]Based on 39,000,000 shares of common stock issued and outstanding
      as of September 9, 2008.




(b)           Security
Ownership of Management







(1)
              Title
      of Class
            (2)
              Name
      and Address of Beneficial Owner
            
            (3)
              Amount
      and Nature of Beneficial Owner
            
            
            (4)
              Percent
              of Class[1]common
      stock
            Feliberto
      Gurat
              1403
      – 1200 Alberni Street
              Vancouver,
      British Columbia
              V6E
      1A6     Canada
            
            
            22,000,000
            
            
            
            56.4
            %common
      stock
            Shaun
      P. Davis
              11730
      NE 107th
      Place
              Kirkland,
      Washington
              98033
            
            Nil
            
            
            
            0
            %common
      stock
            Directors
      and Executive Officers (as a group)
            
            
            22,000,000
            
            
            
            56.4
            %


[1]Based
      on 39,000,000 shares of common stock issued and outstanding as of
      September 9, 2008.





(c)           Changes
in Control





Gurata is
not aware of any arrangement that may result in a change in control of Gurata
with the exception that Feliberto Gurat and Shaun Davis are currently
negotiating for the sale and purchase of all of Mr. Gurat’s shares to Mr.
Davis.  The terms and conditions of the sale and purchase of the
shares have not yet been determined.




Page
- 37





Item
13.  Certain Relationships and Related Transactions.





(a)           Transactions
with Related Persons





Since the
beginning of Gurata’s last fiscal year, no director, executive officer, security
holder, or any immediate family of such director, executive officer, or security
holder has had any direct or indirect material interest in any transaction or
currently proposed transaction, which Gurata was or is to be a participant, that
exceeded the lesser of (1) $120,000 or (2) one percent of the average of
Gurata’s total assets at year-end for the last three completed fiscal years,
except for the following:





1.
            Declaration
      of Trust





In return
for Feliberto Gurat holding the one mineral claim in trust for Gurata, Gurata
has agreed to make payments in lieu of valid exploration work on behalf of Mr.
Gurat, if required, to keep the Gate 1 Claim in good standing with the Province
of British Columbia.  Gurata anticipates the amount of the payments to
be made on behalf of Mr. Gurat to be approximately $2,000 for next year and
$4,000 annually thereafter.  See Exhibit 10.2 – Trust agreement for
more details.





2.
            Donated
      Services and Rent





Feliberto
Gurat, Gurata’s CFO and director, donated services and rent to Gurata that are
recognized on its financial statements.  From inception on May 26,
2006 to May 31, 2008, Gurata recognized a total of $5,500 for donated services
at a rate of $500 per month and $2,750 for donated rent at a rate of $250 per
month





(b)           Promoters
and control persons





During
the past five fiscal years, Shaun Davis and Feliberto Gurat have been promoters
of Gurata’s business, but neither of these promoters have received anything of
value from Gurata nor is any person entitled to receive anything of value from
Gurata for services provided as a promoter of the business of
Gurata.





(c)           Director
independence





Gurata’s
board of directors currently consists of Feliberto Gurat
only.  Pursuant to Item 407(a)(1)(ii) of Regulation S-K of the
Securities Act, Gurata’s board of directors has adopted the definition of
“independent director” as set forth in Rule 4200(a)(15) of the NASDAQ
Manual.  In summary, an “independent director” means a person other
than an executive officer or employee of Gurata or any other individual having a
relationship which, in the opinion of Gurata’s board of directors, would
interfere with the exercise of independent judgement in carrying out the
responsibilities of a director, and includes any director who accepted any
compensation from Gurata in excess of $200,000 during any period of 12
consecutive months with the three past fiscal years.  Also, the
ownership of Gurata’s stock will not preclude a director from being
independent.





In
applying this definition, Gurata’s board of directors has determined that Mr.
Gurat does not qualify as an “independent director” pursuant to the same
Rule.





As of the
date of the report, Gurata did not maintain a separately designated compensation
or nominating committee.


Gurata
has also adopted this definition for the independence of the members of its
audit committee.  Feliberto Gurat serves on Gurata’s audit
committee.  Gurata’s board of directors has determined that Mr. Gurat
is not “independent” for purposes of Rule 4200(a)(15) of the NASDAQ Manual,
applicable to audit, compensation and nominating committee members, and is also
not “independent” for purposes of Section 10A(m)(3) of the Securities Exchange
Act.





Item
14.  Principal Accounting Fees and Services





(1)  Audit
Fees





The
aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal accountant for Gurata’s audit of consolidated
annual financial statements and for review of financial statements included in
Gurata’s Form 10-Q’s or services that are normally provided by the accountant in
connection with statutory and regulatory filings or engagements for those fiscal
years was:





2008 -
$nil – Madsen & Associates CPA’s, Inc.


2007 -
$10,500 – Madsen & Associates CPA’s, Inc.




Page
- 38





(2)  Audit-Related
Fees





The
aggregate fees billed in each of the last two fiscal years for assurance and
related services by the principal accountants that are reasonably related to the
performance of the audit or review of Gurata’s consolidated financial statements
and are not reported in the preceding paragraph:





2008 -
$nil – Madsen & Associates CPA’s, Inc.


2007 -
$nil – Madsen & Associates CPA’s, Inc.





(3)  Tax
Fees





The
aggregate fees billed in each of the last two fiscal years for professional
services rendered by the principal accountant for tax compliance, tax advice,
and tax planning was:





2008 -
$nil – Madsen & Associates CPA’s, Inc.


2007 -
$1,000 – Madsen & Associates CPA’s, Inc.





(4)  All
Other Fees





The
aggregate fees billed in each of the last two fiscal years for the products and
services provided by the principal accountant, other than the services reported
in paragraphs (1), (2), and (3) was:





2008 -
$nil – Madsen & Associates CPA’s, Inc.


2007 -
$nil – Madsen & Associates CPA’s, Inc.





(6)  The percentage
of hours expended on the principal accountant’s engagement to audit Gurata’s
consolidated financial statements for the most recent fiscal year that were
attributed to work performed by persons other than the principal accountant’s
full time, permanent employees was nil %.





Item
15.  Exhibits, Financial Statements Schedules.





(a)           Index
to and Description of Exhibits.





Exhibit
            Description
            Status3.1
            Articles
      of Incorporation, filed as an exhibit to Gurata’s registration statement
      on Form SB-2 filed on August 16, 2007, and incorporated herein by
      reference.
            Filed3.2
            By-Laws,
      filed as an exhibit to Gurata’s registration statement on Form SB-2 filed
      on August 16, 2007, and incorporated herein by reference.
            Filed10.1
            Property
      agreement dated December 15, 2006 between Kenneth Ralfs and Feliberto
      Gurat as Trustee for Gurata, filed as an exhibit to Gurata’s registration
      statement on Form SB-2 filed on August 16, 2007, and incorporated herein
      by reference.
            Filed10.2
            Trust
      agreement dated January 17, 2007, filed as an exhibit to Gurata’s
      registration statement on Form SB-2 filed on August 16, 2007, and
      incorporated herein by reference.
            Filed14
            Financial
      Code of Ethics, filed as an exhibit to Gurata’s registration statement on
      Form SB-2 filed on August 16, 2007, and incorporated herein by
      reference.
            Filed31
            Certifications
      pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
            Included32
            Certification
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002.
            Included





Page
- 39








SIGNATURES





In
accordance with the requirements of the Securities Exchange Act of 1934, Gurata
Gold, Inc. has caused this report to be signed on its behalf by the undersigned
duly authorized person.





GURATA
GOLD, INC.








By:                        
 /s/Shaun P.
Davis


Name:                      Shaun P. Davis


Title:                      
President and
CEO


Dated:                     September 10,
2008











Pursuant
to the requirements of the Securities Exchange Act of 1934, the following
persons on behalf of Gurata Gold, Inc. and in the capacities and on the dates
indicated have signed this report below.





Signature
            Title
            Date/s/
      Shaun P. Davis
            President,
      Chief Executive Officer, and
              Principal
      Executive Officer
            September
      10, 2008/s/
      Feliberto Gurat
            Chief
      Financial Officer, Treasurer,
              Corporate
      Secretary, Principal Financial Officer, Principal Accounting
      Officer,
              and
      sole Member of the Board of Directors
            September
      10, 2008







Page
- 40














Exhibit
31













Page
- 41




GURATA
GOLD, INC.


CERTIFICATIONS
PURSUANT TO


SECTION
302 OF THE SARBANES-OXLEY ACT OF 2002






CERTIFICATION




I, Shaun
P. Davis, certify that:




1.  
I have reviewed this annual report on Form 10-K for the fiscal year ending May
31, 2008 of Gurata Gold, Inc.;




2.  Based
on my knowledge, this annual report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;




3.  Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and
for, the periods presented in this report;




4. The
registrant’s other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
have:




(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;




(b)
Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;




(c)
Evaluated the effectiveness of the registrant’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and




(d)
Disclosed in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent fiscal
quarter (the registrant’s fourth fiscal quarter in the case of an annual report)
that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and




5.  The
registrant’s other certifying officers and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of
directors (or persons performing the equivalent functions):




(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant’s ability to record, process, summarize and
report financial information; and




(b) Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant’s internal control over financial
reporting.






Date:  September
10, 2008




/s/Shaun P.
Davis


Shaun P.
Davis


Chief
Executive Officer







Page
- 42




GURATA
GOLD, INC.


CERTIFICATIONS
PURSUANT TO


SECTION
302 OF THE SARBANES-OXLEY ACT OF 2002






CERTIFICATION




I,
Feliberto Gurat, certify that:




1.  
I have reviewed this annual report on Form 10-K for the fiscal year ending May
31, 2008 of Gurata Gold, Inc.;




2.  Based
on my knowledge, this annual report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;




3.  Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and
for, the periods presented in this report;




4. The
registrant’s other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
have:




(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;




(b)
Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;




(c)
Evaluated the effectiveness of the registrant’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and




(d)
Disclosed in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent fiscal
quarter (the registrant’s fourth fiscal quarter in the case of an annual report)
that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and




5.  The
registrant’s other certifying officers and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of
directors (or persons performing the equivalent functions):




(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant’s ability to record, process, summarize and
report financial information; and




(b) Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant’s internal control over financial
reporting.






Date:  September
10, 2008






/s/Feliberto
Gurat


Feliberto
Gurat


Chief
Financial Officer







Page
- 43








Exhibit
32











Page
- 44




CERTIFICATION
PURSUANT TO


18
U.S.C. SECTION 1350,


AS
ADOPTED PURSUANT TO


SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002









In
connection with the Annual Report of Gurata Gold, Inc. (the “Company”) on Form
10-K for the period ending May 31, 2008 as filed with the Securities and
Exchange Commission on the date hereof (the “Report”), I, Shaun P. Davis, Chief
Executive Officer of the Company, certify, pursuant to s.906 of the
Sarbanes-Oxley Act of 2002, that:






(1)
        The Report fully complies with the requirements of section 13(a) or
      15(d) of the Securities Exchange Act of 1934;
  and






(2)
        The information contained in the Report fairly presents, in all
      material respects, the financial condition and results of operations of
      the Company.











/s/Shaun
P. Davis


Shaun P.
Davis


Chief
Executive Officer






September
10, 2008




Page
- 45




CERTIFICATION
PURSUANT TO


18
U.S.C. SECTION 1350,


AS
ADOPTED PURSUANT TO


SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002













In
connection with the Annual Report of Gurata Gold, Inc. (the “Company”) on Form
10-K for the period ending May 31, 2008 as filed with the Securities and
Exchange Commission on the date hereof (the “Report”), I, Feliberto Gurat, Chief
Financial Officer of the Company, certify, pursuant to s.906 of the
Sarbanes-Oxley Act of 2002, that:






(1)
        The Report fully complies with the requirements of section 13(a) or
      15(d) of the Securities Exchange Act of 1934;
  and






(2)
        The information contained in the Report fairly presents, in all
      material respects, the financial condition and results of operations of
      the Company.


















/s/Feliberto
Gurat


Feliberto
Gurat


Chief
Financial Officer






September
10, 2008






Page
- 46