UNITED
STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM
10-QSB

(X)	QUARTERLY REPORT UNDER
SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

For
the quarterly period ended October 31, 2006

(   )	TRANSITION REPORT UNDER
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

For
the transition period from ______________ to ______________

Commission
File Number 000-52055

RED
LAKE EXPLORATION, INC.

(Name
of small business issuer in its charter)

|NEVADA(State
				of incorporation or organization) | 00-0000000(IRS
				Identification No.)
|-------------------------------------------------- | --------------------------------------

10168
Lawson DriveRichmond, British ColumbiaCanada, V7E
5M3(Address of principal executive offices)

(604)
961-0301(Issuer’s telephone number)

N/A(Issuer’s
former address)

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

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

5,525,000
shares of issuer’s common stock, $0.001 par value, were
outstanding at December 14, 2006.  Issuer has no other class of
common equity.

Transitional
Small Business Disclosure Format (Check One)				Yes
	NoX

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PART
I.  FINANCIAL INFORMATION

Red
Lake Exploration, Inc.(An Exploration Stage
Company)

October
31, 2006

|                                      | Index
|------------------------------------- | -----
|Balance
				Sheets                    | F–1  
|Statements
				of Operations          | F–2  
|Statements
				of Cash Flows          | F–3  
|Notes
				to the Financial Statements | F–4  



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Red
Lake Exploration, Inc.(An Exploration Stage
Company)Balance Sheets(Expressed in US
Dollars)

|                                                                                                       | October
					31,2006$ |  | January
					31,2006$
|------------------------------------------------------------------------------------------------------ | --------------------- |  | ---------------------
|                                                                                                       | (Unaudited)           |  |                      
|ASSETS                                                                                                 |                       |  |                      
|Current
					Assets                                                                                    |                       |  |                      
|Cash                                                                                                   | 31,650                |  | 49,062               
|Total
					Assets                                                                                      | 31,650                |  | 49,062               
|                                                                                                       |                       |  |                      
|LIABILITIES
					AND STOCKHOLDERS’ EQUITY                                                              |                       |  |                      
|Current
					Liabilities                                                                               |                       |  |                      
|Accounts
					Payable                                                                                  | 13,293                |  | −                    
|Total
					Liabilities                                                                                 | 13,293                |  | −                    
|Contingencies
					and Commitments  (Notes 1 and 4)                                                    |                       |  |                      
|Stockholders’
					Equity                                                                              |                       |  |                      
|Common
					Stock, 75,000,000 shares authorized, $0.001 par value5,525,000
					issued and outstanding | 5,525                 |  | 5,525                
|Additional
					Paid-In Capital                                                                        | 53,725                |  | 53,725               
|Donated
					Capital (Note 3)                                                                          | 9,750                 |  | 3,000                
|Deficit
					Accumulated During the Exploration Stage                                                  | (50,643)              |  | (13,188)             
|Total
					Stockholders’ Equity                                                                        | 18,357                |  | 49,062               
|Total
					Liabilities and Stockholders’ Equity                                                        | 31,650                |  | 49,062               

(The accompanying notes are an integral part of these financial statements)
F-1

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Red
Lake Exploration, Inc.(An Exploration Stage Company)Statements
of Operations(Expressed in US Dollars)(Unaudited)

|                                               | Accumulated
					fromJanuary 10, 2005(Date of Inception)to October
					31,2006$ | For
					the ThreeMonths EndedOctober 31,2006$ | For
					the ThreeMonths EndedOctober 31,2005$ | For
					the NineMonths EndedOctober 31,2006$ | For
					the NineMonths EndedOctober 31,2005$
|---------------------------------------------- | -------------------------------------------------------------------------------- | ---------------------------------------------- | ---------------------------------------------- | --------------------------------------------- | ---------------------------------------------
|Revenue                                        | −                                                                                | −                                              | −                                              | −                                             | −                                            
|                                               |                                                                                  |                                                |                                                |                                               |                                              
|Expenses                                       |                                                                                  |                                                |                                                |                                               |                                              
|General
					and administrative                | 11,740                                                                           | 2,477                                          | 783                                            | 7,552                                         | 783                                          
|Impairment
					loss on mineral property costs | 9,000                                                                            | −                                              | −                                              | −                                             | −                                            
|Mineral
					exploration costs                 | 13,953                                                                           | 10,743                                         | −                                              | 13,953                                        | −                                            
|Professional
					fees                         | 15,950                                                                           | 2,150                                          | −                                              | 15,950                                        | −                                            
|Total
					Expenses                            | 50,643                                                                           | 15,370                                         | 783                                            | 37,455                                        | 783                                          
|Net
					Loss                                  | (50,643)                                                                         | (15,370)                                       | (783)                                          | (37,455)                                      | (783)                                        
|Net
					Loss Per Share – Basic and Diluted    |                                                                                  | −                                              | −                                              | (0.01)                                        | −                                            
|Weighted
					Average Shares Outstanding       |                                                                                  | 5,525,000                                      | 970,000                                        | 5,525,000                                     | 327,000                                      

(The accompanying notes are an integral part of these financial statements)
F-2

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Red
Lake Exploration, Inc.(An Exploration Stage Company)Statements
of Cash Flows(Expressed in US Dollars)(Unaudited)

|                                                                                 | For
					the NineMonths EndedOctober 31,2006$ | For
					the NineMonths Endedto October 31,2005$
|-------------------------------------------------------------------------------- | --------------------------------------------- | ------------------------------------------------
|Operating
					Activities                                                        |                                               |                                                 
|Net
					loss                                                                    | (37,455)                                      | (783)                                           
|Adjustments
					to reconcile net loss to net cash used in operating activities: |                                               |                                                 
|Donated
					services and rent                                                   | 6,750                                         | 750                                             
|Change
					in operating assets and liabilities:                                 |                                               |                                                 
|Accounts
					payable                                                            | 13,293                                        | −                                               
|Net
					Cash Used In Operating Activities                                       | (17,412)                                      | (33)                                            
|Investing
					Activities                                                        | −                                             | −                                               
|Financing
					Activities                                                        |                                               |                                                 
|Proceeds
					from the issuance of common stock                                  | −                                             | 20,500                                          
|Net
					Cash Provided by Financing Activities                                   | −                                             | 20,500                                          
|(Decrease)
					Increase in Cash                                                 | (17,412)                                      | 20,467                                          
|Cash
					- Beginning of Period                                                  | 49,062                                        | −                                               
|Cash
					- End of Period                                                        | 31,650                                        | 20,467                                          
|                                                                                 |                                               |                                                 
|Supplemental
					Disclosures                                                    |                                               |                                                 
|Interest
					paid                                                               | −                                             | −                                               
|Income
					taxes paid                                                           | −                                             | −                                               

(The accompanying notes are an integral part of these financial statements)
F-3

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Red Lake Exploration, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
October 31, 2006
(Expressed in U.S. Dollars)
(Unaudited)

1. Nature
	of Operations and Continuance of Business

	The
	Company was incorporated in the State of Nevada on January 10, 2005,
	and commenced operations during October, 2005. The Company is an
	Exploration Stage Company, as defined by Statement of Financial
	Accounting Standard (“SFAS”) No.7 “Accounting
	and Reporting by Development Stage Enterprises”. The
	Company’s principal business is the acquisition and exploration
	of mineral resources. The Company has not presently determined
	whether its properties contain mineral reserves that are economically
	recoverable.
	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 generated 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. As at
	October 31, 2006, the Company has working capital of $18,357 and
	accumulated losses of $50,643 since inception. These factors raise
	substantial doubt regarding the Company’s ability to continue
	as a going concern. These financial statements do not include any
	adjustments to the recoverability and classification of recorded
	asset amounts and classification of liabilities that might be
	necessary should the Company be unable to continue as a going
	concern.

1. Summary
	of Significant Accounting Policies

Basis
		of Presentation

		These
		financial statements and related notes are presented in accordance
		with accounting principles generally accepted in the United States,
		and are expressed in US dollars. The Company’s fiscal year-end
		is January 31. Interim
		Financial Statements

		These
		interim unaudited financial statements have been prepared on the same
		basis as the annual financial statements and in the opinion of
		management, reflect all adjustments, which include only normal
		recurring adjustments, necessary to present fairly the Company’s
		financial position, results of operations and cash flows for the
		periods shown. The results of operations for such periods are not
		necessarily indicative of the results expected for a full year or for
		any future period. Use
		of Estimates

		The
		preparation of financial statements in conformity with US generally
		accepted accounting principles requires management to make estimates
		and assumptions that affect the reported amounts of assets and
		liabilities and disclosure of contingent assets and liabilities at
		the date of the financial statements and the reported amounts of
		revenues and expenses during the reporting period. Actual results
		could differ from those estimates. Basic
		and Diluted Net Income (Loss) Per Share

		The
		Company computes net income (loss) per share in accordance with SFAS
		No. 128, "Earnings per Share". SFAS No. 128 requires
		presentation of both basic and diluted earnings per share (EPS) on
		the face of the income statement. Basic EPS is computed by dividing
		net income (loss) available to common shareholders (numerator) by the
		weighted average number of shares outstanding (denominator) during
		the period. Diluted EPS gives effect to all dilutive potential common
		shares outstanding during the period using the treasury stock method
		and convertible preferred stock using the if-converted method. In
		computing diluted EPS, the average stock price for the period is used
		in determining the number of shares assumed to be purchased from the
		exercise of stock options or warrants. Diluted EPS excludes all
		dilutive potential shares if their effect is anti dilutive. Comprehensive
		Loss

		SFAS
		No. 130, “Reporting Comprehensive Income,”
		establishes standards for the reporting and display of comprehensive
		loss and its components in the financial statements. As at October
		31, 2006 and 2005, the Company has no items that represent a
		comprehensive loss and, therefore, has not included a schedule of
		comprehensive loss in the financial statements.


F-4

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Red Lake Exploration, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
October 31, 2006
(Expressed in U.S. Dollars)
(Unaudited)

1. Summary
	of Significant Accounting Policies (continued)

Cash
	and Cash Equivalents

	The
	Company considers all highly liquid instruments with maturity of
	three months or less at the time of issuance to be cash equivalents. Mineral
	Property Costs

	The
	Company has been in the exploration stage since its inception on
	January 10, 2005 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 EITF 04-02,
	“Whether Mineral Rights Are Tangible or Intangible Assets”.
	The Company assesses the carrying costs for impairment under SFAS No.
	144, “Accounting for Impairment or Disposal of Long Lived
	Assets” at each fiscal quarter end. When it has been
	determined that a mineral property can be economically developed as a
	result of establishing proven and probable reserves, the costs then
	incurred to develop such property, are capitalized. Such costs will
	be amortized using the units-of-production method over the estimated
	life of the probable reserve. If mineral properties are subsequently
	abandoned or impaired, any capitalized costs will be charged to
	operations. Long-lived
	Assets

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

	The
	fair values of financial instruments, which includes cash and
	accounts payable were estimated to approximate their carrying values
	due to the immediate or short-term maturity of these financial
	instruments. The Company’s operations are in Canada which
	results in exposure to market risks from changes in foreign currency
	rates. The financial risk is the risk to the Company’s
	operations that arise from fluctuations in foreign exchange rates and
	the degree of volatility of these rates. Currently, the Company does
	not use derivative instruments to reduce its exposure to foreign
	currency risk. Income
	Taxes

	Potential
	benefits of income tax losses are not recognized in the accounts
	until realization is more likely than not. The Company has adopted
	SFAS No. 109 “Accounting for Income Taxes” as of
	its inception. Pursuant to SFAS No. 109 the Company is required to
	compute tax asset benefits for net operating losses carried forward.
	The potential benefits of net operating losses have not been
	recognized in these financial statements because the Company cannot
	be assured it is more likely than not it will utilize the net
	operating losses carried forward in future years. 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 financials statements, entered into derivative
	instruments to offset the impact of foreign currency fluctuations.


F-5

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Red Lake Exploration, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
October 31, 2006
(Expressed in U.S. Dollars)
(Unaudited)

1. Summary
	of Significant Accounting Policies (continued)

Stock-based
	Compensation

	Prior
	to February 1, 2006, the Company accounted for stock-based awards
	under the recognition and measurement provisions of Accounting
	Principles Board Opinion No. 25, “Accounting for Stock
	Issued to Employees” using the intrinsic value method of
	accounting, under which compensation expense was only recognized if
	the exercise price of the Company’s employee stock options was
	less than the market price of the underlying common stock on the date
	of grant. Effective February 1, 2006, the Company adopted the fair
	value recognition provisions of SFAS No. 123R “Share Based
	Payments”, using the modified retrospective transition
	method. There was no effect on the Company’s reported loss from
	operations, cash flows or loss per share as a result of adopting SFAS
	No 123R. Recent
	Accounting Pronouncements

	In
	September 2006, the Financial Accounting Standards Board (“FASB”)
	issued SFAS No. 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 employers to recognize the overfunded or
	underfunded status of a defined benefit postretirement plan (other
	than a multiemployer 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 or changes in unrestricted net assets of a
	not-for-profit organization. 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
	provisions of SFAS No. 158 are effective for employers with publicly
	traded equity securities as of the end of the fiscal year ending
	after December 15, 2006. The adoption of this statement is not
	expected to have a material effect on the Company's future reported
	financial position or results of operations.
	In
	September 2006, the FASB issued SFAS No. 157, “Fair Value
	Measurements”. The objective of SFAS 157 is to increase
	consistency and comparability in fair value measurements and to
	expand disclosures about fair value measurements. SFAS 157 defines
	fair value, establishes a framework for measuring fair value in
	generally accepted accounting principles, and expands disclosures
	about fair value measurements. SFAS 157 applies under other
	accounting pronouncements that require or permit fair value
	measurements and does not require any new fair value measurements.
	The provisions of SFAS No. 157 are effective for fair value
	measurements made in fiscal years beginning after November 15, 2007.
	The adoption of this statement is not expected to have a material
	effect on the Company's future reported financial position or results
	of operations.
	In
	June 2006, the FASB issued FASB Interpretation No. 48, “Accounting
	for Uncertainty in Income Taxes, an interpretation of FASB Statements
	No. 109”. FIN 48 clarifies the accounting for uncertainty
	in income taxes by prescribing a two-step method of first evaluating
	whether a tax position has met a more likely than not recognition
	threshold and second, measuring that tax position to determine the
	amount of benefit to be recognized in the financial statements. FIN
	48 provides guidance on the presentation of such positions within a
	classified statement of financial position as well as on
	derecognition, interest and penalties, accounting in interim periods,
	disclosure, and transition. FIN 48 is effective for fiscal years
	beginning after December 15, 2006. The adoption of this statement is
	not expected to have a material effect on the Company's future
	reported financial position or results of operations.
	In
	March 2006, the FASB issued SFAS No. 156, "Accounting for
	Servicing of Financial Assets, an amendment of FASB Statement No.
	140, Accounting for Transfers and Servicing of Financial Assets and
	Extinguishments of Liabilities". This statement requires all
	separately recognized servicing assets and servicing liabilities be
	initially measured at fair value, if practicable, and permits for
	subsequent measurement using either fair value measurement with
	changes in fair value reflected in earnings or the amortization and
	impairment requirements of Statement No. 140. The subsequent
	measurement of separately recognized servicing assets and servicing
	liabilities at fair value eliminates the necessity for entities that
	manage the risks inherent in servicing assets and servicing
	liabilities with derivatives to qualify for hedge accounting
	treatment and eliminates the characterization of declines in fair
	value as impairments or direct write-downs. SFAS No. 156 is effective
	for an entity's first fiscal year beginning after September 15, 2006.
	The adoption of this statement is not expected to have a material
	effect on the Company's future reported financial position or results
	of operations.


F-6

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Red Lake Exploration, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
October 31, 2006
(Expressed in U.S. Dollars)
(Unaudited)

1. Summary
	of Significant Accounting Policies (continued)

Recent
	Accounting Pronouncements (continued)

	In
	February 2006, the FASB issued SFAS No. 155, "Accounting for
	Certain Hybrid Financial Instruments-an amendment of FASB Statements
	No. 133 and 140", to simplify and make more consistent the
	accounting for certain financial instruments. SFAS No. 155 amends
	SFAS No. 133, "Accounting for Derivative Instruments and
	Hedging Activities", to permit fair value re-measurement for
	any hybrid financial instrument with an embedded derivative that
	otherwise would require bifurcation, provided that the whole
	instrument is accounted for on a fair value basis. SFAS No. 155
	amends SFAS No. 140, "Accounting for the Impairment or
	Disposal of Long-Lived Assets", to allow a qualifying
	special-purpose entity to hold a derivative financial instrument that
	pertains to a beneficial interest other than another derivative
	financial instrument. SFAS No. 155 applies to all financial
	instruments acquired or issued after the beginning of an entity's
	first fiscal year that begins after September 15, 2006, with earlier
	application allowed. The adoption of this statement is not expected
	to have a material effect on the Company's future reported financial
	position or results of operations.


1. Related
	Party Transactions

	The
	Company recognizes donated rent at $250 per month and donated
	services provided by the President of the Company at $500 per month.
	For the nine-month period ended October 31, 2006, the Company
	recognized $2,250 (2005 - $250) in donated rent and $4,500 (2005 -
	$500) in donated services.

1. Mineral
	Properties

	The
	Company entered into an Agreement dated November 15, 2005 to acquire
	a 100% interest in three mineral claims located in
	the Red Lake Mining District, Ontario, Canada, in
	consideration for a cash payment of $9,000 (paid). The claims are
	registered in the name of the President of the Company, who has
	executed a trust agreement whereby the President agreed to hold the
	claims in trust on behalf of the Company. The Company must incur
	exploration expenditures of $11,200 prior to the expiry date of
	August 27, 2006 to retain title to the claims.
	On
	August 15, 2006, the Company filed for a 90-day extension with the
	Mines and Minerals Division of the Ontario Ministry of Northern
	Development and Mines (the “Ministry”). The Ministry
	granted an extension in August 2006 and the expiry date was extended
	to November 27, 2006. The Company incurred the required expenditures
	and a report was filed before November 27, 2006 with the Ministry.

F-7

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Item
2.  Management's Discussion and Analysis.

SB-2
Registration Statement

We filed an SB-2 Registration
Statement with the United States Securities and Exchange Commission
that was declared effective on June 14, 2006 to register 2,525,000
shares of common stock for resale by existing shareholders of our
Company at $0.05 per share until the shares are quoted on the OTC
Bulletin Board, and thereafter at prevailing market prices. Our
Company did not receive any proceeds from the resale of shares of
common stock by the selling stockholders.

Market
Maker Sponsorship

We
have contacted an authorized OTC Bulletin Board market maker for
sponsorship of our securities on the OTC Bulletin Board and we are in
the process of suppling information about our company to the market
maker.

Time
Extensions and Filing of Exploration Work

The
mining claims KRL3016881, KRL3016882, and KRL3016883 (the “Claims”)
in the Red Lake mining division, in Ontario, Canada are being held in
trust via its trustee John Di Cicco (the “Trustee”). On
August 28, 2006, the Trustee was granted a time extension for
exploration on the Claims. The Ministry of Northern Development and
Mines (the “Ministry”) has granted the Trustee an
extension to November 27, 2006, for work and filing of assessment
work on the Claims.

We
filed exploration work with the Ministry prior to our November 27,
2006 deadline. On November 24, 2006 the Ministry contacted us to
inform us that our exploration work was filed on old forms and needed
to be filed on current forms. The Ministry granted us an additional
extension to December 8, 2006 in which to file the exploration on
current forms. These forms were faxed and couriered to the Ministry
on December 5, 2006. As of December 14, 2006, we believe that we have
filed valid exploration with the Ministry.

Plan
of Operation

Exploration
Plan

Our
plan of operation for the foreseeable future is to complete the
following objectives within the time periods specified, subject to
our obtaining any additional funding necessary for the continued
exploration of our mining claims. We do not have enough funds to
complete our Phase Two or Phase Three programs which we would plan to
start in the summer of 2007 if the results of our Phase One
exploration program is encouraging. The following is a brief summary
of our three phase exploration program:

1. The
	results obtained during the Phase One exploration program will be
	assembled, interpreted and we will review the results of the Phase
	One exploration program between December 2006 and May 2007. We will
	engage our consulting geologist to interpret the results of Phase
	One and develop a summary report.
2. If
	the Phase Two program were to proceed, our consulting geologist has
	indicated that we should budget approximately CDN$25,500 for our
	Phase Two program. If we proceed with a Phase Two program we would
	do so in July 2007. A field crew will mobilize onto our claims,
	perform line cutting and perform a 6 mile UTEM survey and then
	demobilize from the area. A UTEM survey utilizes more precise modern
	equipment to measure electromagnetic distortions caused by metallic
	minerals in rocks.
3. In
	the case that the Phase Two program takes place, the results
	obtained during the Phase Two  program will be assembled,
	interpreted and we will review the results of the Phase Two program
	between September and December 2007. We will engage our consulting
	geologist to interpret the results of Phase Two and develop a
	summary report.
4. If
	the Phase Three program were to proceed, our consulting geologist
	has indicated that we should budget approximately CDN$113,000 for
	our Phase Three program. If we proceed with a Phase Three program we
	would do so in July 2008. A field crew will mobilize onto our claims
	and perform a significant amount of geochemical sampling.
5. In
	the case that the Phase Three program takes place, the results
	obtained during the Phase Three program will be assembled,
	interpreted and we will review the results of the Phase Two program
	between September and December 2008. We will engage our consulting
	geologist to interpret the results of Phase Three and develop a
	summary report. At this stage we will have a significantly better
	understanding of any mineralization on our claims.

---

As
at October 31, 2006, we had a cash balance of $31,650. If the results
of the Phase One exploration program are encouraging, we will have to
raise additional funds starting in March 2007 so that Phase Two
exploration could commence in July 2007.

During
the next 12 months, we do not anticipate generating any revenue. If
additional funds become required, the additional funding will come
from equity financing from the sale of our common stock or sale of
part of our interest in our mining claims. If we are successful in
completing an equity financing, existing shareholders will experience
dilution of their interest in our
company. We do not have
any financing arranged and we cannot provide investors with any
assurance that we will be able to raise sufficient funding from the
sale of our common stock to fund our Phase Two and Phase Three
programs. In the absence of such financing, our business will fail.

We
may consider entering into a joint venture partnership by linking
with a major resource company to provide the required funding to
complete our Phase Three exploration program. We have not undertaken
any efforts to locate a joint venture partner for Phase Three. If we
enter into a joint venture arrangement, we will assign a percentage
of our interest in our mining claims to the joint venture partner.

Based on the nature of our
business, we anticipate incurring operating losses in the foreseeable
future. We base this expectation, in part, on the fact that very few
mining claims in the exploration stage ultimately develop into
producing, profitable mines. Our future financial results are also
uncertain due to a number of factors, some of which are outside of
our control. These factors include, but are not limited to:

- Our ability to raise
	additional funding;
- The market price for ore;
- The results of our proposed
	exploration programs on the mineral property; and
- Our ability to find joint
	venture partners for the development of our property interests

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

### Accounting and Audit Plan

We
intend to continue to have our outside consultant assist in the
preparation of our quarterly and annual financial statements and have
these financial statements reviewed or audited by our independent
auditor. Our outside consultant is expected to charge us
approximately $1,250 to prepare our quarterly financial statements
and approximately $1,750 to prepare our annual financial statements.
Our independent auditor is expected to charge us approximately $1,250
to review our quarterly financial statements and approximately $5,000
to audit our annual financial statements. In the next twelve months,
we anticipate spending approximately $14,250 to pay for our
accounting and audit requirements.

### Legal
Expense Plan

We
expect to incur filing costs of approximately $5,000 per quarter to
support our quarterly filings and $10,000 to support our annual
filing. In the next twelve months, we anticipate spending
approximately $25,000 for legal costs to pay for three quarterly
filings and one annual filing.

### Risks and
Uncertainties

An
investment in our common stock involves a number of very significant
risks. Prospective investors should refer to all our risk factors
disclosed in our prospectus filed pursuant to Rule 424(b)(4) on June
15, 2006.

There
are a number of known material risks and uncertainties that are
reasonably likely to have a material impact on our revenues,
operations, liquidity and income over the short and long term. The
primary risk that we face over the long term is that our mining
claims may not contain a commercially viable mineral deposit. If our
mining claims do not contain a commercially viable deposit this will
have a material effect on our ability to earn revenue and income as
we will not be able to sell any minerals.

There
are a number of industry-wide risk factors that may effect our
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 us to commence mining operations

---

we face a number of
challenges which include finding qualified professionals to conduct
our exploration program, obtaining adequate financing to continue our
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.

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 we have on our mining claims be uneconomical to mine. We
and other companies in our business are  relying on a price of ore
that will allow us to develop a mine and ultimately generate revenue
by selling minerals.

Finally,
we face a risk of not being able to finance our exploration plans.
With each unsuccessful attempt at locating a commercially viable
mineral deposit we become more and more unattractive in the eyes of
investors. For the short term this is less of an issue because we
have enough funds to complete the first  phase of our exploration
program. However, over the long term this can become a serious issue
that can be difficult to overcome. Without adequate financing we
cannot operate exploration programs. However, this risk is faced by
all exploration companies and it is not unique to us.

### Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements including arrangements that
would effect our liquidity, capital resources, market risk support
and credit risk support or other benefits.

### Forward
Looking Statements

The
information in this quarterly report contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). These
forward-looking statements involve risks and uncertainties, including
statements regarding the Company's capital needs, business strategy
and expectations. Any statements contained herein that are not
statements of historical facts may be deemed to be forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may”, “will”,
“should”, “expect”, “plan”,
“intend”, “anticipate”,
“believe”, “estimate”,
“predict”, “potential” or
“continue”, the negative of such terms or other
comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider
various factors, including the risks outlined from time to time, in
other reports we file with the Securities and Exchange Commission
(the “SEC”). These factors may cause our actual
results to differ materially from any forward-looking statement. We
disclaim any obligation to publicly update these statements, or
disclose any difference between its actual results and those
reflected in these statements. The information constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.

---

Item
3.  Controls and Procedures.

1. Evaluation
	of Disclosure of Controls and Procedures

	Our
	Principal Executive Officer and Principal Financial Officer have,
	within 90 days of the filing date of this report, evaluated the
	Company’s internal controls and procedures designed to ensure
	that information required to be disclosed in reports under the
	Securities Exchange Act of 1934 is recorded, processed, summarized
	and reported within specified time periods. After such review, our
	Principal Executive Officer and Principal Financial Officer have
	concluded that said information was accumulated and communicated to
	management as appropriate to allow timely decisions regarding
	required disclosure.

1. Changes
	in Internal Controls

	There
	were no significant changes in the Company’s internal controls
	or in other factors that could significantly affect these controls
	subsequent to the evaluation referred to in paragraph (a) above.

---

PART
II - OTHER INFORMATION

Item
1.  Legal Proceedings.

The
Company currently is not a party to any legal proceedings and, to the
Company’s knowledge, no such proceedings are threatened or
contemplated.

Item
2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item
3.  Default Upon Senior Securities.

None.

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

None.

Item
5.  Other Information.

None.

Item
6.  Exhibits and Reports on Form 8-K.

1. Exhibits

	Exhibit
					Number
				Description
					of Exhibit31.1
				Certification
					of Principal Executive Officer and Principal Financial Officer
					pursuant to 18 U.S.C.§ 1350, as adopted pursuant to §
					302 of the Sarbanes-Oxley Act of 2002.32.1
				Certification
					of Principal Executive Officer and Principal Financial Officer
					pursuant to 18 U.S.C. § 1350, as adopted pursuant to §
					906 of the Sarbanes-Oxley Act of 2002.

1. Reports
	on Form 8-K

	The
	following Current Reports on Form 8-K were filed within the quarterly
	period ended October 31, 2006.
	Date ofReport
					onForm 8-K(YYYY/MM/DD)
				Date of Filingwith
					the SEC(YYYY/MM/DD)
				Description of Form
					8-K2006/08/28
				2006/08/30
				Item 1.01 – Entry into a Material
					Definitive Agreement – Time extension granted and agreement
					with Coast Mountain.

---

SIGNATURES

In
accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned,
thereto duly authorized.

RED
LAKE EXPLORATION, INC.(Registrant)

Date:
December 14, 2006

By:
/s/ John Di Cicco

John
Di CiccoPrincipal Executive OfficerPrincipal Financial
Officer and Director

---

EXHIBIT
31.1CERTIFICATION

I,
John Di Cicco, certify that:

1. I
	have reviewed this Quarterly Report on Form 10-QSB of Red Lake
	Exploration, Inc.
2. Based
	on my knowledge, this 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 small business issuer as of, and for, the periods
	presented in this report;
4. I
	am 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
	small business issuer and I have:

Designed
		such disclosure controls and procedures, or caused such disclosure
		controls and procedures to be designed under my supervision, to
		ensure that material information relating to the small business
		issuer is made known to me, particularly during the period in which
		this quarterly report is being prepared;Designed
		such internal control over financial reporting, or caused such
		internal control over financial reporting to be designed under my
		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 principlesEvaluated
		the effectiveness of the small business issuer'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; andDisclosed
		in this report any change in the small business issuer's internal
		control over financial reporting that occurred during the small
		business issuer's most recent fiscal quarter (the small business
		issuer's second fiscal quarter in the case of this annual report)
		that has materially affected, or is reasonably likely to materially
		affect, the small business issuer's internal control over financial
		reporting; and


1. I
	have disclosed, based on my most recent evaluation of internal
	control over financial reporting, to the small business issuer's
	auditors and the audit committee of the small business issuer's
	board of directors (or persons performing the equivalent function):

All
		significant deficiencies and material weaknesses in the design or
		operation of internal controls over financial reporting which are
		reasonably likely to adversely affect the small business issuer's
		ability to record, process, summarize and report financial
		information; andAny
		fraud, whether or not material, that involves management or other
		employees who have a significant role in the small business issuer's
		internal controls over financial reporting.


By:
 /s/ John Di Cicco

John
Di CiccoPrincipal Executive Officer and Principal Financial
Officer

Date:
December 14, 2006

---

EXHIBIT
32.1

PURSUANT
TO 18 U.S.C. SECTION 1350(SECTION 906 OF THE SARBANES-OXLEY ACT
OF 2002)

In
connection with the Quarterly Report of Red Lake Exploration, Inc.
(the “Company”) on Form 10-QSB for the period ending
October 31, 2006 as filed with the Securities and Exchange Commission
on the date hereof (the “Report”), I, John Di Cicco,
Principal Executive Officer and Principal Financial Officer of the
Company, certify, pursuant to 18 U.S.C. § 1350, as adopted
pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to the
best of my knowledge:

1. The
	Report fully complies with the requirements of Section 13(a) or
	15(d) of the Securities Exchange Act of 1934, as amended; and
2. The
	information contained in the Report fairly presents, in all material
	respects, the financial condition and results of operations of the
	Company.

By:
 /s/ John Di Cicco

John
Di CiccoPrincipal Executive Officer and Principal Financial
Officer

Date:
December 14, 2006