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| FORM 10-K/A       |
|-------------------|
| (Amendment No. 1) |

|   | T | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|--------------------------------------------------------------------------------------|

|   | o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|------------------------------------------------------------------------------------------|

| Commission file number: 000-15474 |
|-----------------------------------|

| NATURAL RESOURCES USA CORPORATION.                     |
|--------------------------------------------------------|
| (Exact Name of Registrant as Specified in its Charter) |

| Utah                                                           |   | 87-0403973                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State of other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 3200 County Road 31                                            |   |                                 |
| Rifle, Colorado                                                |   | 81650                                |
| (Address of principal executive offices)                       |   | (Zip Code)                           |

| (720) 876-2373                                             |
|------------------------------------------------------------|
| (Registrant’s Telephone Number, including Area Code) |

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|   | Large Accelerated Filer o | Accelerated Filer o         |
|--------|--------------------------------|-----------------------------|
|   | Non-Accelerated Filer o        | Smaller Reporting Company T |

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TABL

| Item   |                                                                                                                                  | Page   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                                                  |   |
|   | PART III                                                                                                                              |   |
|   |                                                                                                                                  |   |
| 10.    | Directors, Executive Officers, Promoters, Control Persons and Corporate Governance; Compliance with Section 16(a) of the Exchange Act | 1      |
| 11.    | Executive Compensation                                                                                                                | 5      |
| 12.    | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                                        | 8      |
| 13.    | Certain Relationships and Related Party Transactions, and Director Independence                                                       | 11     |
| 14.    | Principal Accountant Fees and Services                                                                                                | 14     |
|   |                                                                                                                                  |   |
|   | PART IV                                                                                                                               |   |
|   |                                                                                                                                  |   |
| 15.    | Exhibits                                                                                                                              | 15     |
|   |                                                                                                                                  |   |
|   | SIGNATURES                                                                                                                            |   |

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| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE. |
|----------|----------------------------------------------------------|

| Name                |   | Current Office                                        |   | Principal Occupation                                    |   | Director/Officer/ Since |   | Age    |
|--------------------------|--------|------------------------------------------------------------|--------|--------------------------------------------------------------|--------|------------------------------|--------|--------|
| Bill H. Gunn             |   | Chairman of the Board and CEO                              |   | Chairman and CEO of Natural Resources                        |   | February 1984                |   | 68     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Robert C.J. van Mourik   |   | Chief Financial Officer, Secretary, Treasurer and Director |   | CFO of Natural Resources                                     |   | January 1989                 |   | 57     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Neil E. Summerson(1)     |   | Director                                                   |   | Director of numerous Australian public and private companies |   | September 1990               |   | 63     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Geoffrey C. Murphy(1)    |   | Director                                                   |   | Principal, Valor Leadership Partners, LLC.                   |   | June 1999                    |   | 69     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| James V. Riley(1)        |   | Director                                                   |   | Retired                                                      |   | October 2001                 |   | 73     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| J. Jeffrey Geldermann(1) |   | Director                                                   |   | President of Credentials, Inc.                               |   | June 2004                    |   | 60     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Robert C. Woolard        |   | Director                                                   |   | Retired                                                      |   | May 2004                     |   | 74     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Alan De’ath        |   | Director                                                   |   | President of Ivernia, Inc.                                   |   | June 2010                    |   | 56     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Paul-Henri Couture       |   | Director                                                   |   | President – Sentient Asset Management Canada Ltd       |   | June 2010                    |   | 55     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Michel Marier            |   | Director                                                   |   | Investment Analyst, Sentient Asset Management Canada Ltd     |   | June 2010                    |   | 36     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Bradley Bunnett          |   | President and Chief Operating Officer                      |   | President and COO of Natural Resources                       |   | June 2010                    |   | 44     |
|                     |   |                                                       |   |                                                         |   |                         |   |   |
| Robert Warneke(2)        |   | Executive Director of Manufacturing of Natural Soda        |   | Executive Director of Manufacturing of Natural Soda          |   | August 2007                  |   | 54     |

| (1) | Indicates that the director or nominee is “independent” in accordance with Section 803A of the NYSE Amex Equities Company Guide. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| (2) | Mr. Warneke is an executive officer of Natural Soda, a wholly-owned subsidiary of Natural Soda Holdings, which is itself a wholly owned subsidiary of the Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Filed or has had filed against him a petition under the federal bankruptcy laws or any state insolvency law, nor has a receiver, fiscal agent or similar officer been appointed by a court for the business or property of such person, or any partnership in which he was a general partner, or any corporation or business association of which he was an executive officer at or within two years before such filings; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offences); |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Been the subject of any order, judgment, 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; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Been found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission, or by the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name          |   | Number ofLate Reports |   | Transactions NotTimely Reported |   | Known Failures toFile a Required Form |
|--------------------|--------|-----------------------|--------|---------------------------------|--------|---------------------------------------|
| Alan De’ath  |   | Three                 |   | Two                             |   | None                                  |
| Paul-Henri Couture |   | One                   |   | None                            |   | None                                  |
| Michel Marier      |   | One                   |   | None                            |   | None                                  |
| Bradley Bunnett    |   | One                   |   | Two                             |   | None                                  |
| Robert Warneke     |   | One                   |   | None                            |   | None                                  |

| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

| Name and Principal Position (1) |   | Year   |   | Salary (2)$ |    |   | Bonus$ |   |   | Stock Awards$ |   |   | Option Awards$ |   |   | Non-equity incentive plan compensation$ |   |   | Non-qualified deferred compensation earnings$ |   |   | All other compensation$ |   |   | Total$ |   |
|---------------------------------|--------|--------|--------|-------------|---------|--------|--------|--------|--------|---------------|--------|--------|----------------|--------|--------|-----------------------------------------|--------|--------|-----------------------------------------------|--------|--------|-------------------------|--------|--------|--------|--------|
| (a)                             |   | (b)    |   | (c)         |    |   | (d)    |   |   | (e)           |   |   | (f)            |   |   | (g)                                     |   |   | (h)                                           |   |   | (i)                     |   |   | (j)    |   |
| Bill H. Gunn                    |   |   |   |        |    |   |   |   |   |          |   |   |           |   |   |                                    |   |   |                                          |   |   |                    |   |   |   |   |
| Chief Executive                 |   | 2010   |   |        | 114,000 |   |   |   | -0-    |          |   |   | -0-            |   |   |                                    | -0-    |   |                                          |   | -0-    |                    |   |   | -0-    |   |   |   | -0- |   |   |   | 114,000 |   |
| Officer                         |   | 2009   |   |        | 114,000 |   |   |   | -0-    |          |   |   | -0-            |   |   |                                    | -0-    |   |                                          |   | -0-    |                    |   |   | -0-    |   |   |   | -0- |   |   |   | 114,000 |   |
|                            |   |   |   |        |    |   |   |   |   |          |   |   |           |   |   |                                    |   |   |                                          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Robert van                      |   |   |   |        |    |   |   |   |   |          |   |   |           |   |   |                                    |   |   |                                          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Mourik                          |   | 2010   |   |        | 164,000 |   |   |   | -0-    |          |   |   | -0-            |   |   |                                    | -0-    |   |                                          |   | -0-    |                    |   |   | -0-    |   |   |   | -0- |   |   |   | 164,000 |   |
| Chief Financial                 |   | 2009   |   |        | 164,000 |   |   |   | -0-    |          |   |   | -0-            |   |   |                                    | -0-    |   |                                          |   | -0-    |                    |   |   | -0-    |   |   |   | -0- |   |   |   | 164,000 |   |
| Officer                         |   |   |   |        |    |   |   |   |   |          |   |   |           |   |   |                                    |   |   |                                          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |

|   | (1) | At June 30, 2010 accrued unpaid compensation, interest, expenses and advances to the Company of $Nil and $11,867 were due to Bill H. Gunn and Robert van Mourik respectively (at June 30, 2009: $48,769 and $1,132, respectively).  These amounts also include $14,000 director’s fees due annually.  In addition, prior to the exchange reorganization, Bill H. Gunn was paid a separate salary of $100,000 by NSI. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name(a)      |   | Year   |   | Fees earned or paid in cash$(b) |   |   | Stock Awards$(c) |   |   | Option Awards$(d) |   |   | Non-equity incentive plan compensation$(e) |   |   | Non-qualified deferred compensation earnings$(f) |   |   | All other compensation$(g) |   |   | Total$(h) |   |
|--------------|--------|--------|--------|---------------------------------|--------|--------|------------------|--------|--------|-------------------|--------|--------|--------------------------------------------|--------|--------|--------------------------------------------------|--------|--------|----------------------------|--------|--------|-----------|--------|
| Neil E.      |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |
| Summerson    |   | 2010   |   |                            | 20,000 |   |             |   | -0-    |              |   |   | 18,013                                     |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 38,013 |   |
| Geoffrey C.  |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |
| Murphy       |   | 2010   |   |                            | 20,000 |   |             |   | -0-    |              |   |   | 18,013                                     |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 38,013 |   |
| James V.     |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |
| Riley        |   | 2010   |   |                            | 18,000 |   |             |   | -0-    |              |   |   | 18,013                                     |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 36,013 |   |
| Robert C.    |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |
| Woolard      |   | 2010   |   |                            | 14,000 |   |             |   | -0-    |              |   |   | 18,013                                     |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 32,013 |   |
| J. Jeffrey   |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |
| Geldermann   |   | 2010   |   |                            | 14,000 |   |             |   | -0-    |              |   |   | 18,013                                     |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 32,013 |   |
| Alan M.      |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |
| De’ath |   | 2010   |   |                            | -      |   |             |   | -0-    |              |   |   | 4,143                                      |   |   |                                             | -0-    |   |                       |   | -0-    |      |   |   | -0- |   |   |   | 4,143 |   |
|         |   |   |   |                            |   |   |             |   |   |              |   |   |                                       |   |   |                                             |   |   |                       |   |   |      |   |   |   |   |   |   |   |   |

|   | · | an option to purchase 75,000 shares at a current market price upon joining the Board of Directors; and |
|--------|--------|--------------------------------------------------------------------------------------------------------|

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|   | · | an option to purchase 37,500 shares on July 1 of each year he remains a director. |
|--------|--------|-----------------------------------------------------------------------------------|

|                  |   | Option Awards                                                       |
|-----------------------|--------|---------------------------------------------------------------------|
| Name(a)               |   | Number of securities underlying unexercised options# Exercisable(b) |   |   | Number of securities underlying unexercised options# Unexercisable(c) |   |   | Option exercise price$(e) |   | Option expiration date(f) |
| Neil E. Summerson     |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.88 |   | 6/30/11 |
|                  |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.29 |   | 6/30/12 |
| Geoffrey C. Murphy    |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.88 |   | 6/30/11 |
|                  |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.29 |   | 6/30/12 |
| James V. Riley        |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.88 |   | 6/30/11 |
|                  |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.29 |   | 6/30/12 |
| Robert C. Woolard     |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.88 |   | 6/30/11 |
|                  |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.29 |   | 6/30/12 |
| J. Jeffrey Geldermann |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.88 |   | 6/30/11 |
|                  |   |                                                                | 37,500 |   |   |   | - |   |   |   | 0.29 |   | 6/30/12 |
| Alan De’ath     |   |                                                                | 75,000 |   |   |   | - |   |   |   | 0.37 |   | 6/23/13 |
|                  |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |

|   | · | Geoffrey C. Murphy; |
|--------|--------|---------------------|

|   | · | Neil E. Summerson; |
|--------|--------|--------------------|

|   | · | James V Riley; |
|--------|--------|----------------|

|   | · | Robert C. Woolard; and |
|--------|--------|------------------------|

|   | · | J. Jeffrey Geldermann. |
|--------|--------|------------------------|

|   | · | Geoffrey C. Murphy; |
|--------|--------|---------------------|

|   | · | Neil E. Summerson; |
|--------|--------|--------------------|

|   | · | James V Riley; |
|--------|--------|----------------|

|   | · | Robert C. Woolard; and |
|--------|--------|------------------------|

|   | · | J. Jeffrey Geldermann. |
|--------|--------|------------------------|

|   | · | Geoffrey C. Murphy; |
|--------|--------|---------------------|

|   | · | Neil E. Summerson; |
|--------|--------|--------------------|

|   | · | James V Riley; |
|--------|--------|----------------|

|   | · | Robert C. Woolard; |
|--------|--------|--------------------|

|   | · | J. Jeffrey Geldermann; and |
|--------|--------|----------------------------|

|   | · | Alan De’ath. |
|--------|--------|--------------------|

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| Director              |   | Fiscal year ended June 30, |   |
|-----------------------|--------|------------------------------------------------|--------|
|                  |   | 2010                                           |   |   | 2009 |   |
|                  |   |                                           |   |   |   |   |
| Robert van Mourik     |   | $                                              | 11,867 |   |   | $ | 32,806 |   |
| Bill H. Gunn          |   |                                           |   |   |   |   | 13,878 |   |
| Geoffrey C. Murphy    |   |                                           | -      |   |   |   | 7,717 |   |
| Neil E. Summerson     |   |                                           | -      |   |   |   | 3,727 |   |
| James V. Riley        |   |                                           | -      |   |   |   | 3,337 |   |
| Robert C. Woolard     |   |                                           | -      |   |   |   | 3,011 |   |
| J. Jeffrey Geldermann |   |                                           | -      |   |   |   | 2,902 |   |
| Total:                |   | $                                              | 11,867 |   |   | $ | 67,378 |   |

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------|------------------------------------------------------------------------------------------------|

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| Name & Address of Beneficial Owner                                              |   | Amount & Nature Of Beneficial Ownership |        |   | Percent of Common Shares* |   |
|-------------------------------------------------------------------------------------|--------|---------------------------------------------|-------------|--------|---------------------------|--------|
|                                                                                |   |                                        |        |   |                      |   |
| James V. Riley                                                                      |   |                                        | 2,083,733   | (1)    |                      |   | 0.59 |   |
| J. Jeffrey Geldermann                                                               |   |                                        | 1,210,500   | (2)    |                      |   | 0.34 |   |
| Bill H. Gunn                                                                        |   |                                        | 1,064,445   | (3)    |                      |   | 0.30 |   |
| Robert C. Woolard                                                                   |   |                                        | 1,088,119   | (4)    |                      |   | 0.31 |   |
| Geoffrey C. Murphy                                                                  |   |                                        | 776,993     | (5)    |                      |   | 0.22 |   |
| Robert van Mourik                                                                   |   |                                        | 545,385     | (6)    |                      |   | 0.15 |   |
| Neil E. Summerson                                                                   |   |                                        | 516,417     | (7)    |                      |   | 0.15 |   |
| Bradley F. Bunnett                                                                  |   |                                        | 16,200      |   |                      |   | ** |   |
| Robert Warneke                                                                      |   |                                        | 0           |   |                      |   | ** |   |
| Alan De’ath                                                                   |   |                                        | 112,500     | (8)    |                      |   | ** |   |
| Paul-Henri Couture                                                                  |   |                                        | 0           |   |                      |   | ** |   |
| Michel Marier                                                                       |   |                                        | 0           |   |                      |   | ** |   |
| Leigh Hall                                                                          |   |                                        | 0           |   |                      |   | ** |   |
| Wayne Richardson                                                                    |   |                                        | 0           |   |                      |   | ** |   |
| Alan You Lee                                                                        |   |                                        | 0           |   |                      |   | ** |   |
|                                                                                |   |                                        |        |   |                      |   |   |   |
| Officers, Directors and Director Nominees as a Group (15 persons)                   |   |                                        | 7,414,292   | (9)    |                      |   | 2.10 | % |
|                                                                                |   |                                        |        |   |                      |   |   |   |
| Sentient USA Resources Fund, LP                                                     |   |                                        | 339,574,381 | (10)   |                      |   | 94.9 | % |
| Landmark Square64 Earth CloseWest Bay Beach SouthGrand Cayman KY1-117Cayman Islands |   |                                        |        |   |                      |   |   |   |

|   | * | Percent of Common Shares is calculated individually (or as a group) assuming an individual (or all members of a group) exercises its options or any other rights it might have to take up additional Common Shares.  The calculations assume that other holders of equity interests do not exercise their rights unless they are part of the same group.  The calculation is based on a total of 352,413,582 Common Shares plus the number of applicable options or rights in each case. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ** | Indicates less than 1%. |
|--------|----|-------------------------|

| (1) | Includes 1,971,233 shares of Common Stock held by the James V. Riley Revocable Trust, options held  to acquire 37,500 Common Shares at $0.88 until June 30, 2011, options to acquire 37,500 Common Shares at $0.29 until June 30, 2012 and options to acquire 37,500 Common Shares at $0.37 until June 30, 2013. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes options to acquire 37,500 Common Shares at $0.88 until June 30, 2011, options to acquire 37,500 Common Shares at $0.29 until June 30, 2012 and options to acquire 37,500 Common Shares at $0.37 until June 30, 2013. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (3) | Includes 131,960 Common Shares owned by Gunn Development Pty. Ltd. (of which Mr. Gunn is a controlling shareholder). |
|-----|----------------------------------------------------------------------------------------------------------------------|

| (4) | Includes 21,932 Common Shares held in Mr. Woolard's IRA account, options to acquire 37,500 Common Shares at $0.88 until June 30, 2011, options to acquire 37,500 Common Shares at $0.29 until June 30, 2012 and options to acquire 37,500 Common Shares at $0.37 until June 30, 2013. Also includes the following Common Shares in which Mr. Woolard disclaims any beneficial interest:  21,937 Common Shares held in an IRA account for Karen O Woolard and 931,619 Common Shares held by the Karen O Woolard Trust. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Includes options to acquire 37,500 Common Shares at $0.88 until June 30, 2011, options to acquire 37,500 Common Shares at $0.29 until June 30, 2012 and options to acquire 37,500 Common Shares at $0.37 until June 30, 2013. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Includes 240,760 Common Shares owned by Ahciejay Pty. Ltd. as trustee for The R.C.J. Trust, and 304,125 Common Shares held in trust for the R.C.J. Superannuation Fund, as to both of which Mr. van Mourik and his family are beneficiaries. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Includes 400,167 Common Shares held by held by Glendower Investments Pty Ltd as trustee for a trust of which Mr. Summerson and his family are beneficiaries; 3,750 Common Shares held by held by Glendower Properties Pty Ltd as trustee for a trust of which Mr. Summerson and his family are beneficiaries; and options held directly to acquire 37,500 Common Shares at $0.88 until June 30, 2011, options to acquire 37,500 Common Shares at $0.29 until June 30, 2012 and options to acquire 37,500 Common Shares at $0.37 until June 30, 2013. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Includes options to acquire 75,000 shares at $0.37 per share until June 21, 2013 and options to acquire 37,500 shares at $0.37 per share until June 30, 2013. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Includes beneficial ownership of Messrs. Riley, Geldermann, Gunn, Woolard, Murphy, van Mourik, Summerson, Bunnett and De’ath as described in notes 1, 2, 3, 4, 5, 6, 7 and 8 above. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Includes the right to purchase 5,500,000 Common Shares for $0.36 each until October 31, 2011 subject to certain conditions. |
|------|-----------------------------------------------------------------------------------------------------------------------------|

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| Plan Category and Description                              |   | Number of Securities to be issued upon exercise of outstanding options, warrants, and rights |                                          |   | Weighted-average exercise price of outstanding options, warrants, and rights |   |                        | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |   |
|------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|-----------------------------------------------|--------|------------------------------------------------------------------------------|--------|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                       |   | (a)                                                                                          |                                          |   | (b)                                                                          |   |                        | (c)                                                                                                                                         |   |
| Equity compensation plans approved by security holders     |   |                                                                                         | 450,000                                       |   |                                                                         | $      | 0.55                        |                                                                                                                                        |   |   | 35,000,000 |   |
| Equity compensation plans not approved by security holders |   |                                                                                         |        -0- |   |                                                                         |   |     -0- |                                                                                                                                        |   |   |           -0- |   |
| Total                                                      |   |                                                                                         | 450,000                                       |   |                                                                         | $      | 0.55                        |                                                                                                                                        |   |   | 35,000,000 |   |
|                                                       |   |                                                                                         |                                          |   |                                                                         |   |                        |                                                                                                                                        |   |   |   |   |

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------|---------------------------------------------------------------------------------|

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| Director          |   | June 30, 2010 |   |
|-------------------|--------|-------------------------|--------|
|              |   |                    |   |
| Robert van Mourik |   | $                       | 11,867 |   |

|   | – | Neil E. Summerson; |
|--------|---------|--------------------|

|   | – | Geoffrey C. Murphy; |
|--------|---------|---------------------|

|   | – | James V. Riley |
|--------|---------|----------------|

|   | – | J. Jeffrey Geldermann; |
|--------|---------|------------------------|

|   | – | Robert C. Woolard; and |
|--------|---------|------------------------|

|   | – | Alan De’ath. |
|--------|---------|--------------------|

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Table of Contents

| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|----------|----------------------------------------|

|               |   | Year ended June 30, |    |
|--------------------|--------|------------------------------------|---------|
|               |   | 2010                               |    |   | 2009 |   |
|               |   |                               |    |   |   |   |
| Audit fees         |   | $                                  | 121,600 |   |   | $ | 131,800 |   |
| Audit related fees |   |                               | -       |   |   |   | - |   |
| Tax fees           |   |                               | 9,400   |   |   |   | 21,150 |   |
| All other fees     |   |                               | -       |   |   |   | - |   |
|               |   | $                                  | 131,000 |   |   | $ | 152,950 |   |

|   | · | Pre-approve all audit services that the auditor may provide to AmerAlia or any subsidiary (including, without limitation, providing comfort letters in connection with securities underwritings or statutory audits) as required by §10A(i)(1)(A) of the Securities Exchange Act of 1934 (as amended by the Sarbanes-Oxley Act of 2002). |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Pre-approve all non-audit services (other than certain de minimis services described in §10A(i)(1)(B) of the Securities Exchange Act of 1934 (as amended by the Sarbanes-Oxley Act of 2002) that the auditors propose to provide to AmerAlia or any of its subsidiaries. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| ITEM 15. | EXHIBITS |
|----------|----------|

| Exhibit No. | Description |
|-------------|-------------|

| 3.1 (b) | Restated Articles of Incorporation |
|---------|------------------------------------|

| 3.2 (a) | Bylaws of AmerAlia, Inc. |
|---------|--------------------------|

| 3.3 (ii) | Amendment to Bylaws of Natural Resources USA Corporation |
|----------|----------------------------------------------------------|

| 10.6 (e) | Form of Distributor agreements for marketing of sodium bicarbonate. |
|----------|---------------------------------------------------------------------|

| 10.7 (e) | General Services Agreement with Raytheon Engineers & Constructors, Inc. |
|----------|-----------------------------------------------------------------------------|

| 10.8 (f) | First Amendment to Special Warranty Assignment, Royalty Reservation, and Minimum Royalty Payment between AmerAlia and E.E. Kinder Co. |
|----------|---------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 (f) | Consulting Agreement between AmerAlia and E.E. Kinder Co. |
|----------|-----------------------------------------------------------|

| 10.10 (f) | U.S. Government Sodium Lease |
|-----------|------------------------------|

| 10.11 (g) | Design/Build Contract with U.S. Filter Corp. |
|-----------|----------------------------------------------|

| 10.12 (b) | Amended and Restated Guaranty Agreement with the Jacqueline Badger Mars Trust |
|-----------|-------------------------------------------------------------------------------|

| 10.13 (d) | Second Amended and Restated Guaranty Agreement with the Jacqueline Badger Mars Trust |
|-----------|--------------------------------------------------------------------------------------|

| 10.14 (c) | AmerAlia, Inc. 2001 Directors’ Incentive Plan |
|-----------|-----------------------------------------------------|

| 10.15 (c) | AmerAlia, Inc. 2001 Stock Option Plan |
|-----------|---------------------------------------|

| 10.16 (h) | Third Amended and Restated Guaranty Agreement with the Jacqueline Badger Mars Trust |
|-----------|-------------------------------------------------------------------------------------|

| 10.17 (i) | Fourth Amended and Restated Guaranty Agreement with the Jacqueline Badger Mars Trust |
|-----------|--------------------------------------------------------------------------------------|

| 10.18 (i) | Guaranty Agreement – Messrs Woolard and O’Kieffe. |
|-----------|---------------------------------------------------------------|

| 10.19 (j) | Asset Purchase Agreement between AmerAlia, Inc., Natural Soda, Inc., White River Nahcolite Minerals, LLC., and IMC Global, Inc. dated January 9, 2003. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.19 (j) | Amendment dated February 10, 2003 to the Asset Purchase Agreement. |
|-----------|--------------------------------------------------------------------|

| 10.20 (j) | Closing Agreement dated February 20, 2003, between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resources Fund I, LP and Sentient Global Resources Trust No. 1; Promissory note from Natural Soda Holdings, Inc. to Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1; and Pledge Agreement from Natural Soda Holdings, Inc. to Sentient Global Resources Fund I, LP and Sentient Global Resources Trust No. 1. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.21 (k) | Extension Agreement dated March 24, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.22 (l) | Second Extension Agreement dated April 22, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.23 (m) | Third Extension Agreement dated May 31, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.24 (n) | Fourth Extension Agreement dated June 30, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.25 (o) | Fifth Extension Agreement dated July 31, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.27 (p) | Sixth Extension Agreement dated August 31, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| 10.28 (q) | Seventh Extension Agreement dated September 30, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| 10.29 (r) | Eighth Extension Agreement dated October 31, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.30 (s) | Ninth Extension Agreement dated November 30, 2003 between AmerAlia, Inc., Natural Soda Holdings, Inc., Sentient Global Resource Fund I, LP and Sentient Global Resource Trust No. 1. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.31 | No exhibit. |
|-------|-------------|

| 10.32 | No exhibit. |
|-------|-------------|

| 10.33 (t) | Debenture Purchase Agreement executed March 19, 2004 by and among Natural Soda Holdings, Inc., Natural Soda, Inc., AmerAlia, Inc. and Sentient Executive GP I, Limited, acting on behalf of the General Partner of Sentient Global Resources Fund I, L.P. and Sentient (Aust) Pty Limited, Acting on behalf of Sentient Global Resources Trust No. 1. |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.34 (t) | Securityholder Agreement dated March 19, 2004 among AmerAlia, Inc., Natural Soda, Inc., Sentient Executive GP I, Limited, acting on behalf of the General Partner of Sentient Global Resources Fund I, L.P. and Sentient (Aust.) Pty Limited, Acting on behalf of Sentient Global Resources Trust No. 1 and Natural Soda Holdings, Inc. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.35 (t) | Management & Cost Reimbursement Agreement dated March 19, 2004 among AmerAlia, Inc., Sentient Executive GP I, Limited, acting on behalf of the General Partner of Sentient Global Resources Fund I, L.P. and Sentient (Aust.) Pty Limited, Acting on behalf of Sentient Global Resources Trust No. 1, Natural Soda Holdings, Inc. and Natural Soda, Inc. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.36 (t) | Form of Secured Series A 10% Debenture Due September 30, 2005. |
|-----------|----------------------------------------------------------------|

| 10.37 (t) | Form of Secured Subordinated Series B1 Debenture Due February 19, 2008. |
|-----------|-------------------------------------------------------------------------|

| 10.38 (t) | Form of Secured Subordinated Series B2 Convertible Debenture Due February 19, 2008. |
|-----------|-------------------------------------------------------------------------------------|

| 10.39 (t) | Form of Unsecured Subordinated Series C Debenture Due February 19, 2008 |
|-----------|-------------------------------------------------------------------------|

| 10.40 (t) | Addendum to the Third and Fourth Amended and Restated Guaranty Agreements entered into March 19, 2004 by and between AmerAlia, Inc. and Jacqueline B. Mars, as Trustee of the Jacqueline B. Mars Trust dated February 5, 1975, as amended. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.41 (u) | Consent of Business Appraisal Associates, Inc. |
|-----------|------------------------------------------------|

| 10.42 (v) | Form of Secured Promissory Note Due 6-30-06. |
|-----------|----------------------------------------------|

| 10.43 (v) | Memorandum of Understanding AmerAlia, Inc. and Series C Security Holders. |
|-----------|---------------------------------------------------------------------------|

| 10.44 (v) | Account Purchase Agreement with Wells Fargo Bank NA. |
|-----------|------------------------------------------------------|

| 10.45 (v) | Amendment to Account Purchase Agreement with Wells Fargo Bank NA. |
|-----------|-------------------------------------------------------------------|

| 10.46 (w) | Water Purchase Contract with Shell Frontier Oil & Gas, Inc. |
|-----------|-----------------------------------------------------------------|

| 10.47 (x) | Promissory Note for $350,000 issued to Sentient USA Resources Fund II, LP. |
|-----------|----------------------------------------------------------------------------|

| 10.48 (y) | Report of Independent Registered Public Accounting Firm, dated June 2, 2008, related to the restated financial statements for the fiscal year ended June 30, 2005, |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.49 (y) | Debenture Purchase Agreement executed May 27, 2008, to be effective as of October 31, 2007, by and among Natural Soda Holdings, Inc., Natural Soda, Inc., AmerAlia, Inc. and Sentient USA Resources Fund. LP. |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.50 (y) | Interest Purchase Agreement executed May 27, 2008, to be effective as of March 31, 2008, by and among Natural Soda Holdings, Inc., Natural Soda, Inc., AmerAlia, Inc., Sentient USA Resources Fund. LP and Sentient Global Resources Fund III LP. |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.51 (z) | Promissory note for $300,000 issued to Sentient Global Resources Fund III, L.P. |
|-----------|---------------------------------------------------------------------------------|

| 10.52 (aa) | Restructuring Agreement between AmerAlia Parties and Sentient Entities dated September 25, 2008. |
|------------|--------------------------------------------------------------------------------------------------|

| 10.53 (bb) | Form of Letter Offer of Shares. |
|------------|---------------------------------|

| 10.54 (cc) | Amendment to Restructuring Agreement between AmerAlia Parties and Sentient Entities dated October 31, 2008 |
|------------|------------------------------------------------------------------------------------------------------------|

| 10.55 (cc) | Shareholders Agreement between Natural Soda Holdings, Inc., AmerAlia, Inc. and Sentient USA Resources Fund L.P. |
|------------|-----------------------------------------------------------------------------------------------------------------|

| 10.56 (dd) | Contribution Agreement made and entered into July 15, 2009, by and between Natural Soda Holdings, Inc., Sentient USA Resources Fund, LP, and AmerAlia, Inc. |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| 10.57.1 (ee) | Contribution Agreement made and entered into December 17, 2009, by and between Natural Soda Holdings, Inc., Sentient USA Resources Fund, LP, and AmerAlia, Inc. |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.57.2 (ff) | Exchange Agreement and Plan of Reorganization, dated June 30, 2010 |
|--------------|--------------------------------------------------------------------|

| 10.58 (ff) | License Agreement, dated June 30, 2010, including Amendment Number 1 to License Agreement. |
|------------|--------------------------------------------------------------------------------------------|

| 10.59 (ff) | Reimbursement Agreement, dated June 29, 2010 |
|------------|----------------------------------------------|

| 10.60 (ff) | Consulting Agreement, dated November 1, 2009 |
|------------|----------------------------------------------|

| 21.1 (hh) | Subsidiaries of the Registrant:  Natural Soda Holdings, Inc., a Colorado corporation and its wholly owned subsidiary, Natural Soda, Inc., a Colorado corporation.  Since November 2008, Natural Resources’ ownership of NSHI has been 18%. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23.1(y) | Report of Independent Registered Public Accounting Firm, dated June 2, 2008, related to the restated financial statements for the fiscal year ended June 30, 2005, |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.1 | Certification of Chief Executive Officer pursuant to 15 U.S.C. Section 10A, as adopted pursuant to Section 302 of the Sarbanes Oxley Act of 2002 (filed herewith). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Certification of Chief Financial Officer pursuant to 15 U.S.C. Section 10A, as adopted pursuant to Section 302 of the Sarbanes Oxley Act of 2002 (filed herewith). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification of Chief Executive Officer  pursuant to 18 U.S.C. Section 10A, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002 (filed herewith). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 10A, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002 (filed herewith). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.1 | Subsidiaries of the Registrant:  Natural Soda Holdings, Inc., a Colorado corporation and Natural Soda, Inc., a Colorado corporation.  Since May 2007, Natural Resources’ ownership of NSI through its wholly owned subsidiary, NSHI, has been 46.5%. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | Incorporated by reference from Natural Resources’ Form 10 General Registration Statement filed with the Commission on March 5, 1987. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Incorporated by reference from Natural Resources’ annual report on Form 10-K for the year ended June 30, 2000. |
|-----|----------------------------------------------------------------------------------------------------------------------|

| (c) | Incorporated by reference from Natural Resources’ Form 10-K for its year ended June 30, 2001. |
|-----|-----------------------------------------------------------------------------------------------------|

| (d) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of December 1, 2000. |
|-----|----------------------------------------------------------------------------------------------------------|

| (e) | Incorporated by reference from Natural Resources’ Form 10-K for its year ended June 30, 1993. |
|-----|-----------------------------------------------------------------------------------------------------|

| (f) | Incorporated by reference from Natural Resources’ Form 10-K for its year ended June 30, 1995. |
|-----|-----------------------------------------------------------------------------------------------------|

| (g) | Incorporated by reference from Natural Resources’ Form 10-K for its year ended June 30, 1999. |
|-----|-----------------------------------------------------------------------------------------------------|

| (h) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of December 17, 2001. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (i) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of March 29, 2002. |
|-----|--------------------------------------------------------------------------------------------------------|

| (j) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of February 20, 2003. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (k) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of March 24, 2003. |
|-----|--------------------------------------------------------------------------------------------------------|

| (l) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of April 22, 2003. |
|-----|--------------------------------------------------------------------------------------------------------|

| (m) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of May 31, 2003. |
|-----|------------------------------------------------------------------------------------------------------|

| (n) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of June 30, 2003. |
|-----|-------------------------------------------------------------------------------------------------------|

----

Table of Contents

| (o) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of July 31, 2003. |
|-----|-------------------------------------------------------------------------------------------------------|

| (p) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of August 31, 2003. |
|-----|---------------------------------------------------------------------------------------------------------|

| (q) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of September 30, 2003. |
|-----|------------------------------------------------------------------------------------------------------------|

| (r) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of October 31, 2003. |
|-----|----------------------------------------------------------------------------------------------------------|

| (s) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of November 30, 2003. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (t) | Incorporated by reference from Natural Resources’ Form 10-QSB for its quarter ended December 31, 2003. |
|-----|--------------------------------------------------------------------------------------------------------------|

| (u) | Incorporated by reference from Natural Resources’ Form 10-QSB for its quarter ended March 31, 2004. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (v) | Incorporated by reference from Natural Resources’ Form 10-KSB for its year ended June 30, 2005. |
|-----|-------------------------------------------------------------------------------------------------------|

| (w) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of January 29, 2007. |
|-----|----------------------------------------------------------------------------------------------------------|

| (x) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of August 22, 2007. |
|-----|---------------------------------------------------------------------------------------------------------|

| (y) | Incorporated by reference from Natural Resources’ Form 10-KSB for its year ended June 30, 2006. |
|-----|-------------------------------------------------------------------------------------------------------|

| (z) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of June 24, 2008. |
|-----|-------------------------------------------------------------------------------------------------------|

| (aa) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of September 25, 2008. |
|------|------------------------------------------------------------------------------------------------------------|

| (bb) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of October 13, 2008. |
|------|----------------------------------------------------------------------------------------------------------|

| (cc) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of October 31, 2008. |
|------|----------------------------------------------------------------------------------------------------------|

| (dd) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of July 15, 2009. |
|------|-------------------------------------------------------------------------------------------------------|

| (ee) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of December 17, 2009. |
|------|-----------------------------------------------------------------------------------------------------------|

| (ff) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of June 30, 2010. |
|------|-------------------------------------------------------------------------------------------------------|

| (gg) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of September 14, 2010 |
|------|-----------------------------------------------------------------------------------------------------------|

| (hh) | Incorporated by reference from Natural Resources’ Form 10-K for its year ended June 30, 2010. |
|------|-----------------------------------------------------------------------------------------------------|

| (ii) | Incorporated by reference from Natural Resources’ Form 8-K reporting an event of December 17, 2010 |
|------|----------------------------------------------------------------------------------------------------------|

----

Table of Contents

SIGN

|   | NATURAL RESOURCES USA CORPORATION |              |
|--------|-----------------------------------|-------------------|
|   |                              |              |   |
|   | By:                               | /s/ Bill H. Gunn  | Date: January 26, 2011 |
|   |                              | Bill H. Gunn, CEO |   |

| /s/ Bill H. Gunn                      |   | Chairman, CEO and Director                   |   | Date: January 26, 2011 |
|---------------------------------------|--------|----------------------------------------------|--------|------------------------|
| Bill H. Gunn                          |   | (Principal Executive Officer)                |   |                   |
|                                  |   |                                         |   |                   |
| /s/ Robert van Mourik                 |   | Executive Vice President, Chief Financial    |   | Date: January 26, 2011 |
| Robert C. J. van Mourik               |   | Officer, Secretary, Treasurer and Director   |   |                   |
|                                  |   | (Principal Financial and Accounting Officer) |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Neil E. Summerson*     |   | Director                                     |   | Date: January 26, 2011 |
| Neil E. Summerson                     |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Geoffrey C. Murphy*    |   | Director                                     |   | Date: January 26, 2011 |
| Geoffrey C. Murphy                    |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  James V. Riley*        |   | Director                                     |   | Date: January 26, 2011 |
| James V. Riley                        |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Robert C. Woolard*     |   | Director                                     |   | Date: January 26, 2011 |
| Robert C. Woolard                     |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  J. Jeffrey Geldermann* |   | Director                                     |   | Date: January 26, 2011 |
| J. Jeffrey Geldermann                 |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Alan De’ath*     |   | Director                                     |   | Date: January 26, 2011 |
| Alan De’ath                     |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Paul Henri-Couture*    |   | Director                                     |   | Date: January 26, 2011 |
| Paul Henri-Couture                    |   |                                         |   |                   |
|                                  |   |                                         |   |                   |
| /s/  Michel Marier*         |   | Director                                     |   | Date: January 26, 2011 |
| Michel Marier                         |   |                                         |   |                   |

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----