UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM 10-QSB





[X]
Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of
1934 for the quarterly period ended


May 31, 2008





[ ]
Transition report under Section 13 or 15(d) of the Exchange Act For the
transition period from ___ to ___







COMMISSION FILE NUMBER:
000-52218






STRIKER ENERGY
CORP.


(Exact
name of registrant as specified in its charter)





Neva da  2 0-2590810


(State or
other jurisdiction of incorporation or organization)   
             
(I.R.S. Employer Identification No.)







1305 - 12 Ave West, Suite
1402


Vancouver, BC, Canada V6H 1M3


(Address of principal executive offices) (Zip Code)








Registrant's
telephone number, including area code:  (604) 733-3356





None


Former
Name, Address and Fiscal Year, if Changed Since Last Report





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





The
number of shares outstanding of the registrant's common stock as of  May
31, 2008 was 10,003,000.











1























TABLE OF
CONTENTS










PART I: FINANCIAL
INFORMATION





Item 1.
Financial
Statements.....................................................................................................
4





Item 2.
Management's Discussion and Analysis or Plan of Operation ....................................
19




Item 3.
Controls and
Procedures...............................................................................................
21





PART II: OTHER
INFORMATION





Item 1A
Risk
Factors.................................................................................................................21





Item 2.
Unregistered Sales of Equity Securities and Use of
Proceeds.......................................22





Item 6.
Exhibits...........................................................................................................................22





Signatures.................................................................................................................................22











Note Regarding
Forward-Looking Statements





The
statements contained in this Form 10-QSB that are not purely historical are
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. These include statements about our expectations, beliefs, intentions
or strategies for the future, which are indicated by words or phrases such as
anticipate, expect, intend, plan, will, the Company believes, management
believes and similar words or phrases. The forward-looking statements are based
on our current expectations and are subject to certain risks, uncertainties and
assumptions. Our actual results could differ materially from results anticipated
in these forward-looking statements. All forward-looking statements included in
this document are based on information available to us on the date hereof, and
we assume no obligation to update any such forward-looking
statements.








2





PART I - FINANCIAL
INFORMATION




Item 1. Financial
Information





The
financial statements for Striker Energy Corp. (the "Company") included herein
are unaudited but reflect, in management's opinion, all adjustments, consisting
only of normal recurring adjustments, that are necessary for a fair presentation
of the Company's financial position and the results of its operations for the
interim periods presented. Because of the nature of the Company's business, the
results of operations for the three-month period ended May 31, 2008 are not
necessarily indicative of the results that may be expected for the full fiscal
year. The financial statements included herein should be read in conjunction
with the audited financial statements and notes for the year ended February 29,
2008, included in our annual report on Form 10-KSB, which can be found on the
SEC website at www.sec.gov under
our SEC File Number 0-52218.






































3

















Striker Energy
Corp.


(An Exploration Stage
Company)





Financial
Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May 2008


























4





Striker Energy
Corp.


(An Exploration Stage
Company)


Balance
Sheets


(Expressed
in U.S. Dollars)


(Unaudited)





As
      at 31 May 2008
              
              As
      at 29 February 2008
                (Audited)$
              
              $AssetsCurrentCash
      and cash equivalents
              
              240
              
              252LiabilitiesCurrentAccounts
      payable and accrued liabilities (Note 5)
              
              25,377
              
              22,436Due
      to related party (Note 6)
              
              36,970
              
              33,92462,347
              
              56,360Stockholders’
      deficiencyCapital stock (Note 8)Authorized75,000,000
      common shares, par value $0.0001Issued
      and outstanding31
      May 2008 – 10,003,000 common shares,par value
      $0.0001
              
              1,003
              
              1,00329
      February 2008 – 10,003,000 common shares, par
      value  $0.0001Additional
      paid-in capital
              
              84,027
              
              80,427Deficit,
      accumulated during the exploration stage
              
              (147,137)
              
              (137,538)(62,107)
              
              (56,108)240
              
              252
  Nature and Continuance of Operations (Note
1 ) and Commitments (Note
9 )





On behalf of the
Board:





/s/ Shawn
Perger,
Director /s/ Brian
Cole,  Director








The
accompanying notes are an integral part of these financial
statements.





5





Striker Energy
Corp.


(An Exploration Stage
Company)


Statements
of Operations


(Expressed
in U.S. Dollars)


(Unaudited)




For
      the period from the date of inception on 18 March 2005 to 31 May
      2008
              For
      the three month period ended 31 May 2008
              For
      the three month period ended 31 May 2007$
              
              $
              
              $ExpensesWrite
      down of mineral property acquisition costs
                (Note
      4)
              
              10,000
              
              -
              
              -Bank
      charges and interest
              
              684
              
              17
              
              35Consulting
      fees
              
              10,176
              
              -
              
              -Exploration
      of mineral property
              
              15,124
              
              -
              
              -Filing
      fees
              
              4,850
              
              1,000
              
              200Legal
      and accounting fees
              
              60,441
              
              3,824
              
              2,539Licenses
      and permits
              
              7,430
              
              125
              
              350Management
      fees (Notes 7, 8 and 11)
              
              24,000
              
              3,000
              
              3,000Office
      expenses
              
              250
              
              121
              
              62Rent
      (Notes 7, 8 and 11)
              
              6,000
              
              600
              
              600Transfer
      agent fees
              
              6,343
              
              912
              
              355Web
      site development
              
              1,839
              
              -
              
              119Net
      loss for the period
              
              (147,137)
              
              (9,599)
              
              (7,260)Basic
      and diluted loss per common share
              
              
              
              (0.001)
              
              (0.001)Weighted
      average number of common shares used in per share
    calculations
              
              
              
              10,003,000
              
              10,003,000








The
accompanying notes are an integral part of these financial
statements.








6


Striker Energy
Corp.


(An Exploration Stage
Company)


Statements
of Cash Flows


(Expressed
in U.S. Dollars)


(Unaudited)




For
      the period from the date of inception on 18 March 2005 to 31 May
      2008
              For
      the three month period ended 31 May 2008
              For
      the three month period ended 31 May 2007$
              
              $
              
              $Cash
      flows from operating activitiesNet
      loss for the period
              
              (147,137)
              
              (9,599)
              
              (7,260)Adjustments
      to reconcile loss to net cash used by operating activitiesWrite
      down of mineral property acquisition costs
                (Note
      4)
              
              10,000
              
              -
              
              -Contributions
      to capital by related party – expenses (Notes 7, 8 and 11)
              
              30,000
              
              3,600
              
              3,600Common
      shares issued for services (Notes 8 and 11)
              
              30
              
              -
              
              -Changes
      in operating assets and liabilitiesIncrease
      (decrease) in accounts payable and accrued liabilities
              
              25,377
              
              2,941
              
              (10,640)(81,730)
              
              (3,058)
              
              (14,300)Cash
      flows from financing activitiesIncrease
      in due to related party (Notes 6 and 7)
              
              36,970
              
              3,046
              
              -Common
      shares returned to treasury (Notes 8 and 11)
              
              (5,000)
              
              -
              
              (5,000)Common
      shares issued for cash (Notes 8 and 11)
              
              60,000
              
              -
              
              5,00091,970
              
              3,046
              
              -Cash
      flows from investing activitiesAcquisition
      of mineral property interest (Note 4)
              
              (10,000)
              
              -
              
              -Increase
      (decrease) in cash and cash equivalents
              
              240
              
              (12)
              
              (14,300)Cash
      and cash equivalents, beginning of period
              
              -
              
              252
              
              24,368Cash
      and cash equivalents, end of period
              
              240
              
              240
              
              10,068Supplemental Disclosures with
      Respect to Cash Flows (Note 11)
  The
accompanying notes are an integral part of these financial
statements.


7


Striker Energy
Corp.


(An Exploration Stage
Company)


Statements
of Changes in Stockholders’ Deficiency


(Expressed
in U.S. Dollars)


(Unaudited)




Number
      of shares issued
              Capital
      stock
              Additional
      paid-in capital
              Deficit,
      accumulated during the development stage
              Total
      stockholders’ deficiency$
              
              $
              
              $
              
              $Balance
      at 18 March 2005 (inception)Restricted
      common shares issued for cash ($0.001 per share) – September 2005 (Note
      8)
              
              5,000,000
              
              500
              
              4,500
              
              -
              
              5,000Contributions
      to capital by     related party (Notes 7 and
      11)
              
              -
              
              -
              
              600
              
              -
              
              600Net loss for the
      period
              
              -
              
              -
              
              -
              
              (21,237)
              
              (21,237)Balance
      at 28 February 2006
              
              5,000,000
              
              500
              
              5,100
              
              (21,237)
              
              (15,637)Common
      shares issued for cash ($0.01 per share) – May 2006 (Note
    8)
              
              5,000,000
              
              500
              
              49,500
              
              -
              
              50,000Common
      shares issued for services ($0.01 per share) – August 2006 (Notes 7, 8 and
      11)
              
              3,000
              
              3
              
              27
              
              -
              
              30Contributions
      to capital by related parties – expenses (Notes 7 and 11)
              
              -
              
              -
              
              11,400
              
              -
              
              11,400Net
      loss for the year
              
              -
              
              -
              
              -
              
              (50,890)
              
              (50,890)Balance
      at 28 February 2007
              
              10,003,000
              
              1,003
              
              66,027
              
              (72,127)
              
              (5,097)Contributions
      to capital by related parties – expenses (Notes 7, 8 and
    11)
              
              -
              
              -
              
              14,400
              
              -
              
              14,400Common
      shares returned to treasury and cancelled for cash ($0.01 per share) –
      April 2007 (Notes 8 and 11)
              
              (500,000)
              
              (50)
              
              (4,950)
              
              -
              
              (5,000)Common
      shares issued for cash ($0.01 per share) – May 2007 (Notes 8 and
      11)
              
              500,000
              
              50
              
              4,950
              
              -
              
              5,000Net
      loss for the period
              
              -
              
              -
              
              -
              
              (65,411)
              
              (65,411)Balance
      at 29 February 2008
              
              10,003,000
              
              1,003
              
              80,427
              
              (137,538)
              
              (56,108)Contributions
      to capital by related parties – expenses (Notes 7, 8 and
    11)
              
              -
              
              -
              
              3,600
              
              -
              
              3,600Net
      loss for the period
              
              -
              
              -
              
              -
              
              (9,599)
              
              (9,599)Balance
      at 31 May 2008
              
              10,003,000
              
              1,003
              
              84,027
              
              (147,137)
              
              (62,107)


The
accompanying notes are an integral part of these financial
statements.







8
 
  Striker Energy
Corp.


(An Exploration Stage
Company)


Notes to
Financial Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May
2008





1. Nature and Continuance of
Operations




Striker
Energy Corp. (the “Company”) was incorporated under the laws of the State of
Nevada on 18 March 2005 for the purpose to promote and carry on any lawful
business for which a corporation may be incorporated under the laws of the State
of Nevada.  The Company intends to engage in the acquisition and
exploration of mineral properties.  The Company intends to conduct
exploration activities on its current and future properties and, if warranted,
will seek a major mining company to joint venture in any development and/or
production.   The Company is currently based in North Vancouver,
British Columbia, Canada.


The
Company is an exploration stage company, as defined in Financial Accounting
Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”)
No. 7 “Accounting and
Reporting by Development Stage Enterprises”, and Industry Guide 7 of the
Securities Exchange Commission Industry Guide.  The Company is
devoting all of its present efforts in securing and establishing a new business,
and its planned principle operations have not commenced, and, accordingly, no
revenue has been derived during the organization period.
  The
Company’s financial statements as at 31 May 2008 and for the three month period
ended 31 May 2008 have been prepared on a going concern basis, which
contemplates the realization of assets and the settlement of liabilities and
commitments in the normal course of business.  The Company has a loss
of approximately $9,599 for the three month period ended 31 May 2008 (31 May
2007 – $7,260) and has working capital deficit at 31 May 2008 of $62,107 (29
February 2008 – working capital deficit of $56,108).
  Management
cannot provide assurance that the Company will ultimately achieve profitable
operations or become cash flow positive, or raise additional debt and/or equity
capital.  Management believes that the Company’s capital resources
should be adequate to continue operating and maintaining its business strategy
for the remainder of 2009.  However, if the Company is unable to raise
additional capital in the near future, due to the Company’s liquidity problems,
management expects that the Company will need to curtail operations, liquidate
assets, seek additional capital on less favourable terms and/or pursue other
remedial measures.  These financial statements do not include any
adjustments related to the recoverability and classification of assets or the
amounts and classification of liabilities that might be necessary should the
Company be unable to continue as a going concern.
  As at 31
May 2008 the Company was not currently fully engaged in an operating business
and expects to incur development stage operating losses for the next year to
eighteen months.  It intends to rely on officers and directors to
perform essential functions with minimal compensation until a business operation
can be fully commenced.  Management believes the Company will be able
to raise sufficient capital to implement its business plan, and thus will
continue as a going concern during this period while its plans are
implemented.











9





Striker Energy
Corp.
 (An Exploration Stage
Company)
 Notes to
Financial Statements
 (Expressed
in U.S. Dollars)
 (Unaudited)
 31  May
2008
  2.
                Change in Accounting
      Policy
  Effective 1
March 2007, the Company adopted, on a retroactive basis, the provisions of
Financial Accounting Standards Board (“FASB”) EITF 04-2 “Whether Mineral Rights
are
 Tangible or Intangible Assets”.  EITF 04-2 establishes
mineral rights as tangible assets, whereby the aggregate carrying amount of such
mineral rights should be reported as a
 separate component of property, plant, and equipment.  The retroactive
impacts of adopting EITF 04-2
had no impact on net loss or earnings per share for the year
 ended 28 February 2007 and for the period from
the date of inception on 18 March 2005 to 28 February 2006 (Notes 3 and
4).
  3.         
Significant Accounting Policies




The
following is a summary of significant accounting policies used in the
preparation of these financial statements.




Basis of
presentation




The
accounting and reporting policies of the Company conform to accounting
principles generally accepted in the United States of America applicable to
exploration stage enterprises. The functional currency is the U.S. dollar, and
the financial statements are presented in U.S. dollars.




Cash and cash
equivalents




Cash and
cash equivalents include highly liquid investments with original maturities of
three months or less.




Mineral property
costs





The
Company is primarily engaged in the acquisition, exploration and development of
mineral properties.
  Mineral
property acquisition costs are initially capitalized as tangible assets when
purchased. At the end of each fiscal quarter end, the Company assesses the
carrying costs for impairment. If proven and probable reserves are
established for a property and it has been determined that a mineral property
can be economically developed, costs will be amortized using the
units-of-production method over the estimated life of the probable
reserve.
  Mineral
property exploration costs are expensed as incurred.
  Estimated
future removal and site restoration costs, when determinable are provided over
the life of proven reserves on a units-of-production basis. Costs, which include
production equipment removal and environmental remediation,
are estimated each period by management based on current regulations, actual
expenses incurred, and technology and industry standards. Any charge is included
in exploration expense or the provision for depletion
and depreciation during the period and the actual restoration expenditures are
charged to the accumulated provision amounts as incurred.


Reclamation
costs




The
Company’s policy for recording reclamation costs is to record a liability for
the estimated costs to reclaim mined land by recording charges to production
costs for each tonne of ore mined over the life of the mine. The amount charged
is based on management’s estimation of reclamation costs to be incurred. The
accrued liability is reduced as reclamation expenditures are made. Certain
reclamation work is performed concurrently with mining and these expenditures
are charged to operations at that time.













10


Striker Energy
Corp.
 (An Exploration Stage
Company)
 Notes to
Financial Statements
 (Expressed
in U.S. Dollars)
 (Unaudited)
 31
May 2008


Fair
value of financial instruments and derivative financial
instruments




The
carrying amounts of cash and current liabilities approximate fair value because
of the short maturity of these items. These fair value estimates are subjective
in nature and involve uncertainties and matters of significant judgment, and,
therefore, cannot be determined with precision. Changes in assumptions could
significantly affect these estimates. The Company does not hold or issue
financial instruments for trading purposes, nor does it utilize derivative
instruments in the management of foreign exchange, commodity price or interest
rate market risks.




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 futures years.




Basic and diluted net 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 excluded 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 31 May 2008, the Company
has no items that represent a comprehensive loss and, therefore, has not
included a schedule of comprehensive loss in the financial
statements.










11





Striker Energy
Corp.
 (An Exploration Stage
Company)
 Notes to
Financial Statements
 (Expressed
in U.S. Dollars)
 (Unaudited)
 31
May 2008


Segments of an enterprise and related
information





SFAS No.
131, “ Disclosures about Segments of an
Enterprise and Related Information ”,
supersedes SFAS No. 14, “ Financial Reporting for Segments of
a Business Enterprise ”. SFAS
No.131 establishes standards for the way that public companies report
information about operating segments in annual financial statements and requires
reporting of selected information about operating segments in interim financial
statements issued to the public. It also establishes standards for disclosures
regarding products and services, geographic areas and major customers. SFAS
No.131 defines operating segments as components of a company about which
separate financial information is available that is evaluated regularly by the
chief operating decision maker in deciding how to allocate resources and in
assessing performance. The Company has evaluated this SFAS and does not believe
it is applicable at this time.





Start-up expenses





The
Company has adopted Statement of Position No. 98-5, “ Reporting the Costs of Start-up
Activities ”, which
requires that costs associated with start-up activities be expensed as
incurred.  Accordingly, start-up costs associated with the Company's
formation have been included in the Company's general and administrative
expenses for the period from the date of inception on 18 March 2005 to
31 May 2008.





Foreign currency
translation





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




Use of estimates




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











12


Striker Energy
Corp.
 (An Exploration Stage
Company)
 Notes to
Financial Statements
 (Expressed
in U.S. Dollars)
 (Unaudited)
 31 May
2008


Recent accounting
pronouncements





In
December 2004, FASB issued SFAS No. 123 (Revised 2004) ("SFAS No. 123R"),
“ Share-Based
Payment ”. SFAS
No. 123R require that the compensation cost relating to share-based payment
transactions be recognized in financial statements. That cost will be measured
based on the fair value of the equity of liability instruments issued. SFAS No.
123R represents the culmination of a two-year effort to respond to requests from
investors and many others that the FASB improve the accounting for share-based
payment arrangements with employees. The scope of SFAS No.123R includes a wide
range of share-based compensation arrangements including share options,
restricted share plans, performance-based awards, share appreciation rights and
employee share purchase plans. SFAS No. 123R replaces SFAS No. 123,
“ Accounting for Stock-Based
Compensation ” and
supersedes APB Opinion No. 25, “ Accounting for Stock Issued to
Employees ”. SFAS
No.123, as originally issued in 1995, established as preferable a
fair-value-based method of accounting for share-based payment transactions with
employees. However, that statement permitted entities the option of continuing
to apply the guidance in APB Opinion No. 25, as long as the footnotes to the
financial statements disclosed what net income would have been had the
preferable fair-value-based method been used. Although those disclosures helped
to mitigate the problems associated with accounting under APB Opinion No. 25,
many investors and other users of financial statements believed that the failure
to include employee compensation costs in the income statement impaired the
transparency, comparability and credibility of financial statements. Public
entities that file as small business issuers will be required to apply SFAS
No.123R in the first interim or annual reporting period that begins after 15
December 2005. The adoption of this standard is not expected to have a material
impact on the Company's results of operations or financial
position.





In
December 2004, the FASB issued SFAS No. 153, “ Exchanges of Non-monetary Assets -
An Amendment of APB Opinion No. 29 ”. SFAS
No. 153 is the result of a broader effort by the FASB to improve financial
reporting by eliminating differences between accounting principles generally
accepted in the United States of America and generally accepted accounting
principles developed by the International Accounting Standards Board (“IASB”).
As part of this effort, the FASB and the IASB identified opportunities to
improve financial reporting by eliminating certain narrow differences between
their existing accounting standards. SFAS No. 153 amends APB Opinion No. 29,
“ Accounting for Non-monetary
Transactions ”, that
was issued in 1973. The amendments made by SFAS No.153 are based on the
principle that exchanges of non-monetary assets should be measured based on the
fair value of the assets exchanged. Further, the amendments eliminate the narrow
exception for non-monetary exchanges of similar productive assets and replace it
with a broader exception for exchanges of non-monetary assets that do not have
"commercial substance." Previously, APB Opinion No. 29 required that the
accounting for an exchange of a productive asset for a similar productive asset
or an equivalent interest in the same or similar productive asset should be
based on the recorded amount of the asset relinquished. The provisions in SFAS
No.153 are effective for nonmonetary asset exchanges occurring in fiscal periods
beginning after 15 June 2005. Early application is permitted and companies must
apply the standard prospectively. The effect of adoption of this standard is not
expected to have a material impact on the Company's results of operations and
financial position.




FASB has
also issued SFAS No. 151, SFAS No. 152 and SFAS No. 154, but they will not have
any relationship to the operations of the Company; therefore, a description and
its impact on the Company's operations for each have not been
disclosed.




In March
2005, the US Securities and Exchange Commission (“SEC”) staff issued Staff
Accounting Bulletin (“SAB”) No. 107 to give guidance on the implementation of
SFAS No. 123R. The Company will consider SAB No. 107 during the implementation
of SFAS No. 123R.









13





Striker Energy
Corp.


(An Exploration Stage
Company)


Notes to
Financial Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May 2008








4.       
Mineral Properties




On 28
September 2005 the Company entered into a mineral property option agreement (the
“Agreement”) with an unrelated third party (the “Seller”), wherein the Company
would acquire 50% of the rights, title and interests in and to the Bald Mountain
Claims in Nye County, Nevada. The Agreement called for the Company to pay $5,000
in cash on signing, to make a second cash payment of $10,000 on the second
anniversary of the agreement and complete exploration expenditures totalling
$500,000 over a 3 year period (Note 9).  On 28 September 2005 the Company
consummated the Agreement and paid the Seller $5,000.


On 28
August 2007 the Company amended the Agreement (the “Amended Agreement”) wherein
the Company would acquire 50% of the rights, title and interests in and to the
Bald Mountain Claims in Nye County, Nevada. The Amended Agreement calls for the
Company to pay the original $5,000 on signing (paid), to make a second cash
payment of $5,000 by 28 August 2007 (included in accounts payable at 29 February
2008), to make a third cash payment of $10,000 by 28 August 2008, and to
complete exploration expenditures totalling $500,000 by 28 August 2010 (Note
9).
  During
the year ended 29 February 2008, the Company incurred mineral property
acquisition costs of $5,000 related to Bald Mountain Claims.  This
amount was initially capitalized as a tangible asset. During the year ended 29
February 2008, the Company recorded a write down of mineral property acquisition
costs of $5,000 related to the Bald Mountain Claims (Note 11).
  Change to
the Company’s accounting policy during the year ended 29 February 2008 was in
respect of the adoption of EITF 04-2 which established that the aggregate
carrying amount of mineral property rights should be reported as a separate
component of property, plant and equipment.  There has been no impact
on net loss or earnings per share for the year ended 28 February 2007 and for
the period from the date of inception on 18 March 2005 to 28 February 2006
(Notes 2 and 3).


5 .        Accounts
Payable and Accrued Liabilities





Accounts
payable and accrued liabilities are non-interest bearing, unsecured and have
settlement dates within one year.





6 .         Due
to Related Party




The
balance due to a related party is non-interest bearing, unsecured and is due on
demand.




As at 31
May 2008, the amount due to a related party consisted of $36,970 (29 February
2008 – $33,924) payable to
officers, directors and shareholders of the
Company


14


Striker Energy
Corp.


(An Exploration Stage
Company)


Notes to
Financial Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May
2008


7.
              Related
      Party Transactions
  During
the three month period ended 31 May 2008, an officer and director of the Company
made contributions to capital for management fees in the amount of $3,000 (31
May 2007 – $3,000,
cumulative – $24,000)
and for rent in the amount of $600 (31 May 2007 – $600,
cumulative – $6,000)
(Notes 8 and 11).
  8.
              Capital
      Stock
  Authorized
  The
total authorized capital is 75,000,000 common shares with a par value of
$0.0001.
  Issued
and outstanding
  The
total issued and outstanding capital stock is 10,003,000 common shares with a
par value of $0.0001 per common share.
  On
1 September 2005, 5,000,000 common shares of the Company were issued to an
officer and director of the Company for cash proceeds of $5,000.
  On
2 May 2006, the Company completed a public offering of securities pursuant to an
exemption provided by Rule 504 of Regulation D, registered in the State of
Nevada, and issued 5,000,000 common shares for total cash proceeds of
$50,000.
  On
29 August 2006, 2,000 common shares valued at $0.01 per share of the Company
were issued to an officer and director of the Company for services rendered
(Note 11).
  On
1 February 2007, 1,000 common shares valued at $0.01 per share of the Company
were issued to a director of the Company for services rendered (Note
11).
  On
30 April 2007, 500,000 common shares of the Company were returned to treasury
and cancelled; $5,000 was returned to the investors.
  On
14 May 2007, 500,000 common shares valued at $0.01 per share of the Company were
issued for total cash proceeds of $5,000 (Note 11).
  During
the three month period ended 31 May 2008, an officer and director of the Company
made contributions to capital for management fees in the amount of $3,000 (31
May 2007 – $3,000,
cumulative – $24,000)
and for rent in the amount of $600 (31 May 2007 – $600,
cumulative – $6,000)
(Notes 7 and 11).


15


Striker Energy
Corp.


(An Exploration Stage
Company)


Notes to
Financial Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May
2008





9.
              Commitments
 
 The
Company has outstanding and future commitments under a mineral property option
agreement (Note 4).
 
 10.
              Income
      Taxes
 
 The
Company has losses carried forward for income tax purposes to 31 May
2008.  There are no current or deferred tax expenses for the period
ended 31 May 2008 due to the Company’s loss position.  The Company has
fully reserved for any benefits of these losses.  The deferred tax
consequences of temporary differences in reporting items for financial statement
and income tax purposes are recognized, as appropriate. Realization of the
future tax benefits related to the deferred tax assets is dependent on many
factors, including the Company’s ability to generate taxable income within the
net operating loss carryforward period.  Management has considered
these factors in reaching its conclusion as to the valuation allowance for
financial reporting purposes.
 
 The
provision for refundable federal income tax consists of the
following:
 
 For
      the three month period ended 31 May 2008
              
              For
      the three month period ended 31 May 2007$
              
              $Refundable
      federal tax asset attributable to:Current
      operations
              
              3,264
              
              2,468Contributions
      to capital by related party
              
              (1,224)
              
              (1,224)Less:
      Change in valuation allowance
              
              (2,040)
              
              (1,244)Net
      refundable amount
              
              -
              
              -


16


Striker Energy
Corp.


(An Exploration Stage
Company)


Notes to
Financial Statements


(Expressed
in U.S. Dollars)


(Unaudited)


31 May
2008





The
composition of the Company’s deferred tax assets as at 31 May 2008 and 29
February 2008 is as follows:
 
 As
      at 31 May 2008
              
              As
      at 29 February 2008 (Audited)$Net
      operating loss carryforward
              
              117,137
              
              111,108Statutory
      federal income tax rate
              
              34%
              
              34%Effective
      income tax rate
              
              0%
              
              0%Deferred
      tax assetTax
      loss carry-forward
              
              39,827
              
              37,777Less:
      Valuation allowance
              
              (39,827)
              
              (37,777)Net
      deferred tax asset
              
              -
              
              -
 
 The
potential income tax benefit of these losses has been offset by a full valuation
allowance.
 
 As at 31
May 2008, the Company has an unused net operating loss carry forward balance of
approximately $117,137 that is available to offset future taxable
income.  This unused net operating loss carry-forward balance expires
through 2026 and 2028.
   
 11.
              Supplemental
      Disclosures with Respect to Cash
Flows
 
 For
      the period from inception on 18 March 2005 to 31 May 2008
              
              For
      the three month period ended 31 May 2008
              
              For
      the three month period ended 31 May 2007$
              
              $
              
              $Cash
      paid during the period for interest
              
              
              
              -
              
              -
              
              -Cash
      paid during the period for income taxes
              
              
              
              -
              
              -
              
              -
 
 On 29
August 2006, 2,000 common shares valued at $0.01 per share of the Company were
issued to an officer and director of the Company for services rendered (Note
8).
    17
  Striker Energy
Corp.
 (An Exploration Stage
Company)
 Notes to
Financial Statements
 (Expressed
in U.S. Dollars)
 (Unaudited)
 31 May
2008
  On 1
February 2007, 1,000 common shares valued at $0.01 per share of the Company were
issued to a director of the Company for services rendered (Note 8).
  During the
year ended 29 February 2008, the Company incurred mineral property acquisition
costs of $5,000 related to Bald Mountain Claims.  This amount was
initially
 capitalized  as a tangible asset. During the year ended 29
February 2008, the Company recorded a write down of mineral property acquisition
costs of $5,000 related to the Bald
 Mountain Claims (Note 4).
  During the
three month period ended 31 May 2008, an officer and director of the Company
made contributions to capital for management fees in the amount of $3,000 (31
May
 2007 – $3,000, cumulative
– $24,000) and for rent
in the
amount of $600 (31 May 2007 – $600, cumulative – $6,000) (Notes 7 and
8).



























18





ITEM 2. MANAGEMENT'S
DISCUSSION AND ANALYSIS OR PLAN OF OPERATION





The
following discussion should be read in conjunction with the information
contained in the audited financial statements and notes thereto set forth in our
Annual Report on Form 10-KSB for the year ended February 29, 2008, which can be
found in its entirety on the SEC website at www.sec.gov , filed
under our SEC File Number 0-52218.





General





Striker
Energy Corp. was incorporated in the State of Nevada on March 18, 2005 to engage
in the exploration of mining properties. In May 2006, we completed a public
offering of our securities pursuant to an exemption provided by Rule 504 of
Regulation D, registered in the State of Nevada, and raised a total of $50,000.
Our primary goal is to engage in the acquisition, exploration and development of
natural resource properties, beginning with our current claims in the State of
Nevada. We are only in the exploration stage and there can be no assurance that
any commercially viable mineralized deposits exist, or will be found, on these
properties until such time as appropriate exploration work can be done on the
properties and a comprehensive economic evaluation based upon such work is
concluded.




On
September 28, 2005, we entered into a mineral property option agreement
(the “Agreement”) with an unrelated third party (the “Seller”), wherein we would
acquire 50% of the rights, title and interests in and to the Bald Mountain
Claims in Nye County, Nevada. The Agreement called for us to pay $5,000 in cash
on signing, to make a second cash payment of $10,000 on the second anniversary
of the agreement and complete exploration expenditures totalling $500,000 over a
3 year period.  On September 28, 2005, we consummated the Agreement and
paid the Seller $5,000.




On August
28, 2007, we amended the Agreement (the “Amended Agreement”) wherein we would
acquire 50% of the rights, title and interests in and to the Bald Mountain
Claims in Nye County, Nevada. The Amended Agreement calls for us to pay the
original $5,000 on signing (paid), to make a second cash payment of $5,000 by
August 28, 2007, to make a third cash payment of $10,000 by August 28, 2008
and to complete exploration expenditures totalling $500,000 by August 28,
 2010.




We are
continuing to conduct exploration activities on our current properties and, if
warranted, will seek a major mining company to joint venture in any development
and/or production.





Results of
Operations





Our
financial statements and information for the three months ended May 31,
2008 have been prepared by our Management on a going concern basis, which
contemplates the realization of assets and the settlement of liabilities and
commitments in the normal course of business. We have generated no revenues to
date and have incurred net losses of approximately $147,137 since inception on
March 18, 2005. We cannot provide assurance that we will ultimately achieve
profitable operations or become cash flow positive, or raise additional debt
and/or equity capital. Management believes that current capital resources should
be adequate to continue operating and maintaining its business strategy for the
remainder of 2008. However, if we are unable to raise additional capital in the
near future, due to
liquidity problems, we expect that we will need to curtail operations, liquidate
assets, seek additional capital on less favourable terms and/or pursue other
remedial measures. These financial statements do not include any adjustments
related to the recoverability and classification of assets or the amounts and
classification of liabilities that might be necessary should we be unable to
continue as a going concern.


19





Three Months Ended May 31, 2008
compared to the Three Months Ended May 31, 2007





We
incurred net losses of $9,599 for the three month period ended May 31, 2008, as
compared to a net loss of $7,260 for the three-month period ended May 31,
2007. The  increase was  mainly attributed to expenses incurred
in the preparation and filing of our regulatory filings quarterly and annually
with the SEC, consisting of  legal and accounting fees ($3,824 -
2008 compared to $2,539 - 2007) . Our other expenses consisted
of filing fees incurred to renew our corporate and business licenses
($1,000 - 2008 compared to $200 - 2007); licenses and permits ($125 - 2008
compared to $350- 2007); transfer agent fees ($912 - 2008
compared to $355 - 2007);  office expenses ($121 - 2008 compared
to $62 - $2007); $3,000 in management fees, $600 in rent and $17 in bank service
charges.




Liquidity and Capital
Resources





At May
31, 2008, we had total assets of $240, consisting of cash in the
bank.




Our total
liabilities at May 31, 2008 were $62,347, consisting of accounts payable
and accrued liabilities in the amount of $25,377 and $36,970 due to related
parties (two officers, directors and shareholders of the Company). This balance
is non-interest bearing, unsecured and has no fixed terms of
repayment.





There are
currently no options, warrants, rights or other securities
conversion rights
issued and/or outstanding at May 31,
2008 .





Plan of Operation/Projected
Milestones





We intend
to complete our exploration work in a two-phase reverse circulation drill
program with drill holes targeted mainly on geophysical criteria over a period
of 5 years. The first phase of the program will consist of seven reverse
circulation drill holes totaling 2,100 feet. These holes are targeted mainly on
anomalous induced polarization/resistivity/magnetic geophysical survey results.
In addition, surface mapping and sampling will be


carried
out in order to gain an understanding of structural and alteration controls
affecting mineralization.





The
second phase 3,000 foot follow-up reverse circulation drilling program,
contingent upon success of the Phase 1 program, is proposed to further explore
and extend the potential of the property as established by Phase 1. The
objective will be to define, by step-out drilling, tonnage potential of
discoveries identified in the first phase drilling program. A minimum of ten
holes is proposed.





A
geological model for the property has been proposed that indicates tonnage may
be found in replacement, manto-type gold mineralization associated with higher
grade veins. Past sampling of soils, surface rocks in trenches and samples from
drilling indicate that significant gold grades occur locally. Thus, it is
believed that there is good potential for locating an economic gold deposit on
the Bald Mountain Wash gold property.





As
disclosed in geological reports, exploration work on our properties has
indicated that mineral occurrences exist in the area of our properties; however,
further exploration is needed to determine what amount of minerals, if any,
exist and if any minerals which are found can be economically extracted and
profitably processed.





Our
exploration program has been designed to economically explore and evaluate
mining properties which, in our opinion, may merit development.





We do not
claim to have any mineralization or reserves whatsoever at this time on any of
our properties; however, based on preliminary research and geological reports on
our properties and the surrounding area, Management believes there is a
sufficient basis to engage in exploration activities.









20


Our
current cash in the bank will not allow us to complete our initial Phase I
exploration activities and expect to finance our future cash needs through the
sale of equity securities and possibly strategic collaborations or debt
financing or through other sources that may be dilutive to existing
stockholders. Our officers and direct have agreed to advance funds on an
as-needed basis, interest free and with no specific terms of repayment, until
such time as we are able to raise the funds necessary to complete our Phase I
exploration and development activities.





Off-Balance Sheet
Arrangements





We have
not entered into any transactions with unconsolidated entities whereby we have
financial guarantees or other contingent arrangements that expose us to material
continuing risks, contingent liabilities or any other obligations that provide
financing, liquidity, market risk or credit risk support to us.





ITEM 3. CONTROLS AND
PROCEDURES





Critical Accounting
Policies





The
financial statements included herein have been prepared by Management pursuant
to the rules and regulations of the Securities and Exchange Commission.
Management believes the disclosures made are adequate to make the information
not misleading. The financial statements and accompanying notes are prepared in
accordance with generally accepted accounting principles. Preparing financial
statements 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. These estimates and
assumptions are affected by Management's application of accounting policies.
These important accounting policies include the successful efforts method of
accounting for property and equipment, revenue recognition, accounting for
income taxes and foreign currency translation.





Management
maintains disclosure controls and procedures designed to ensure that we are able
to timely collect the information we are required to disclose in our reports
filed with the U.S. Securities and Exchange Commission. Within the 90 days prior
to the date of this report, we performed an evaluation, under the supervision
and with the participation of our Management, of the effectiveness of the design
and operation of our disclosure controls and procedures pursuant to Exchange Act
Rule 13a-14. Based upon the evaluation, our Principal Executive Officer and
Principal Financial Officer concluded that the current disclosure controls are
effective in timely alerting us to any material information required to be
included in our periodic SEC filings.





We also
maintain a system of internal controls designed to provide reasonable assurance
that (i) transactions are executed in accordance with Management's general and
specific authorization; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted
accounting principles and to maintain accountability for assets; (ii) access to
assets is permitted only in accordance with Management's general or specific
authorization; and (iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with
respect to any differences. We believe that our internal controls are effective
to provide reasonable assurance that our financial statements are fairly
presented in conformity with generally accepted accounting principals. Since our
most recent evaluation, there have been no changes in our internal
controls or in other factors that could significantly affect our internal
controls, nor were any corrective actions required with regard to significant
deficiencies and material weaknesses.





PART II - OTHER
INFORMATION




ITEM 1A. RISK
FACTORS





In
addition to the other information set forth in this report, you should carefully
consider the risk factors set forth and discussed in our initial registration
statement on Form 10-SB and our annual report on Form 10-KSB for the year ended
February 29, 2008, which have not changed as of the date of the filing of this
report and could materially affect
our business, financial condition or future results. In addition, the risks
described in the registration statement and our annual report are not the only
risks facing our Company. Additional risks and uncertainties not currently known
to us or that we currently deem to be immaterial also may materially adversely
affect our business, financial condition and/or operating results.


21


ITEM 2. UNREGISTERED SALES
OF EQUITY SECURITIES AND USE OF PROCEEDS





There
were no sales of unregistered securities during the three months ended May 31,
2008.





ITEM 6. EXHIBITS AND REPORTS
ON FORM 8-K




The
following exhibits are included herein, except for the exhibits marked with an
asterisk, which are incorporated herein by reference and can be found in our
original Form 10-SB registration statement, filed on September 8, 2006, under
SEC File Number 0-52218 at the U.S. Securities and Exchange Commission's website
(www.sec.gov).





Exhibit
No.   Description





*
3(i) Articles
of Incorporation


*3(ii)            
Bylaws


31                 
Sec. 302 Certification


32                 
Sec. 906 Certification








SIGNATURES




Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.








STRIKER ENERGY CORP., a Nevada
corporation




Date:
July  9,  2008 By:/s/
Shawn Perger, President, CEO, Treasurer,
Principal Accounting Officer and Director








Date:
July  9,  2008    By:/s/ Brian Cole,
Secretary and Director








Date:
July  9,  2008    By:/s/ Konstantin
Gregovic, Director and Chairman of the Audit
Committee













22