================================================================================


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


                Quarterly Report under Section 12(b) or 12(g) of
                           The Securities Act of 1934

                       For the Period ended April 30, 2007
                        Commission File Number 333-134549



                             ARBUTUS RESOURCES, INC.
                             -----------------------
                 (Name of small business issuer in its charter)

                                   Nevada N/A
                                   ----------
                  (State of incorporation) (Employer ID Number)


                              #4 3798 Laurel Street
                    Burnaby, British Columbia, Canada V5G 1M7
                                 (250) 729-6731
           ------------------------------------------------------------
          (Address and telephone number of principal executive offices)


Check whether the registrant  (1) has filed all reports  required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter  period that the  registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.

                  Yes     X                                   No
                       -------                                   --------

Check whether the registrant is an  accelerated  filer (as defined in Rule 12b-2
of the Exchange Act).

                  Yes     X                                   No
                       -------                                  --------

Check whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act).

                  Yes     X                                   No
                       -------                                  -------

There were 8,780,000 shares of Common Stock outstanding as of April 30, 2007.

<page>









                             ARBUTUS RESOURCES INC.
                         (An Exploration Stage Company)
                              FINANCIAL STATEMENTS
                                 APRIL 30, 2007
                                   (Unaudited)















BALANCE SHEETS

STATEMENTS OF OPERATIONS

STATEMENTS OF CASH FLOWS

NOTES TO THE FINANCIAL STATEMENTS

<page>


 ARBUTUS RESOURCES INC.
 (An Exploration Stage Company)
 BALANCE SHEETS

<table>
<caption>
 -------------------------------------------------------------------------------------------------------------------------
                                                                                              April 30,2007     January 31,
                                                                                                     - $ -           2007
                                                                                                 Unaudited          - $ -

 -------------------------------------------------------------------------------------------------------------------------

                                                                                               <c>            <c>
  ASSETS

 Current assets
       Cash                                                                                          6,141         23,967
 -------------------------------------------------------------------------------------------------------------------------

                                                                                                     6,141         23,967
 =========================================================================================================================


 LIABILITIES

 Current liabilities
       Accounts payable                                                                              6,214              -
 -------------------------------------------------------------------------------------------------------------------------

 CONTINGENCY (Note 1)

 STOCKHOLDERS' EQUITY

 Share Capital
    Authorized:
    75,000,000 common shares with a par value of $0.001
    Issued and outstanding:
    8,780,000 common shares   (January 31, 2007: 8,780,000)                                          8,780          8,780
 Additional paid-in capital                                                                         65,620         65,620
 Deficit accumulated during the exploration stage                                                  (74,473)       (50,433)
 -------------------------------------------------------------------------------------------------------------------------

                                                                                                      (73)         23,967
 -------------------------------------------------------------------------------------------------------------------------

                                                                                                     6,141         23,967
 =========================================================================================================================
</table>












    The accompanying notes are an integral part of these financial statements

<page>


 ARBUTUS RESOURCES INC.
 (An Exploration Stage Company)
 Statements of Operations
 (Unaudited)
<table>
<caption>
 -------------------------------------------------------------------------------------------------------------------------
                                                                      Three months     Three months      April 19, 2004
                                                                    ended April 30,     ended April      (Inception) to
                                                                          2007           30, 2006        April 30, 2007
                                                                         - $ -             - $ -             - $ -
 -------------------------------------------------------------------------------------------------------------------------
 
                                                                  <c>               <c>              <c>
 Expenses
 General and administrative                                                   22,484            1,673              47,267
 Mineral property costs                                                        1,556                -              27,206
 -------------------------------------------------------------------------------------------------------------------------

 Net loss                                                                    (24,040)          (1,673)            (74,473)
 =========================================================================================================================

 Basic and diluted net loss per share                                         (0.00)           (0.00)
 =====================================================================================================


 Weighted average number of common shares outstanding                      8,780,000        8,780,000
 =====================================================================================================
</table>
















    The accompanying notes are an integral part of these financial statements

<page>

ARBUTUS RESOURCES INC.
(An Exploration Stage Company)
Statements of Cash Flows
(Unaudited)
<table>
<caption>
==============================================================================================================================
                                                                                             Three months      April 19, 2004
                                                                          Three months
                                                                        ended April 30,     ended April 30,    (Inception) to
                                                                              2007               2006          April 30, 2007
                                                                             - $ -               - $ -             - $ -
------------------------------------------------------------------------------------------------------------------------------

                                                                       <c>                <c>                 <c>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                                         (24,040)           (1,673)           (74,473)
Changes in non cash working capital items:
  Accounts Payable                                                                 6,214           (18,000)             6,214
-------------------------------------------------------------------------------------------------------------------------------

Net cash used in operations                                                      (17,826)          (19,673)           (68,259)
-------------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Shares issued for cash                                                                 -                 -             74,400
-------------------------------------------------------------------------------------------------------------------------------

NET INCREASE (DECREASE) IN CASH                                                  (17,826)          (19,673)             6,141

CASH, BEGINNING                                                                   23,967            50,125                 -
-------------------------------------------------------------------------------------------------------------------------------

CASH, ENDING                                                                       6,141            30,452              6,141
===============================================================================================================================

Supplemental cash flow information:

Cash paid for:
                                                                                       -                 -                 -
            - Interest
===============================================================================================================================
                                                                                       -                 -                 -
            - Income taxes
===============================================================================================================================
</table>












    The accompanying notes are an integral part of these financial statements

<page>

ARBUTUS RESOURCES INC.
(An Exploration Stage Company)

Notes To The Financial Statements
April 30, 2007
(Unaudited)
--------------------------------------------------------------------------------

NOTE 1 - BASIS OF PRESENTATION

Unaudited Interim Financial Statements

The accompanying  unaudited interim  financial  statements have been prepared in
accordance  with United States  generally  accepted  accounting  principles  for
interim  financial  information  and with the  instructions  to Form  10-QSB  of
Regulation S-B. They may not include all  information and footnotes  required by
United States generally  accepted  accounting  principles for complete financial
statements.  However,  except as  disclosed  herein,  there has been no material
changes in the  information  disclosed in the notes to the financial  statements
for the year ended January 31, 2007 included in the Company's  Form 10-KSB filed
with the Securities and Exchange  Commission.  The unaudited  interim  financial
statements  should  be read  in  conjunction  with  those  financial  statements
included in the Form  10-KSB.  In the  opinion of  Management,  all  adjustments
considered  necessary  for a fair  presentation,  consisting  solely  of  normal
recurring  adjustments,  have been made.  Operating results for the three months
ended April 30, 2007 are not  necessarily  indicative of the results that may be
expected for the year ending January 31, 2008.

Going Concern

These  financial  statements  have been prepared on a going concern  basis.  The
Company has incurred losses since inception  resulting in an accumulated deficit
of  $74,473  at April  30,  2007  and  further  losses  are  anticipated  in the
development  of its  business  raising  substantial  doubt  about the  Company's
ability to  continue  as a going  concern.  Its  ability to  continue as a going
concern is  dependent  upon the ability of the  Company to  generate  profitable
operations in the future  and/or to obtain the  necessary  financing to meet its
obligations  and repay its liabilities  arising from normal business  operations
when they come due.  Management has plans to seek additional  financing  through
private  placements  of its common  stock  and/or  loans from  directors.  These
financial   statements   do  not  include  any   adjustments   relating  to  the
recoverability  and  classification  of recorded  assets,  or the amounts of and
classification  of liabilities  that might be necessary in the event the Company
cannot continue as a going concern.

<page>

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

Results of Operations
---------------------

We did not earn any revenues during the three-month period ended April 30, 2007.

We incurred  operating  expenses  in the amount of $24,040  for the  three-month
period ended April 30, 2007. These operating  expenses were comprised of general
and administrative expenses of $22,484 and mineral property costs of $1,556.

Our net loss for the three-month  period ended April 30, 2007 increased from the
comparative period in fiscal 2006 (2006: $1,673) primarily due to an increase in
general and  administrative  expenses and mineral  property costs as a result of
commencement of operations.

At April 30, 2007, we had total assets of $6,141 consisting entirely of cash. At
the same date,  our  liabilities  consisted  of  accounts  payable  and  accrued
liabilities of $6,214.

We have not attained  profitable  operations  and are dependent  upon  obtaining
financing  to pursue  exploration  activities.  For these  reasons our  auditors
believe  that there is  substantial  doubt that we will be able to continue as a
going concern.

Plan of Operation
-----------------

Our plan of operation for the twelve months following the date of this report is
to complete the recommended phase one and phase two exploration  programs on the
Green Energy Claims property at an estimated cost of $10,520.

The Phase I exploration program will consist of mapping and sampling.  We intend
to commence this phase in the summer of 2007. The phase will take  approximately
one month to complete.

Phase II will consist of detailed sampling and radiometric surveys. We intend to
commence this phase in the spring of 2008. The phase will take approximately one
month to complete.

1.                Phase  1:   Mapping   the   extent  of  the   basalt  cap  and
                  --------------------------------------------------------------
                  reconnaissance  soil sampling.  Available maps of the area are
                  regional  and  insufficiently  detailed.  In  practice  it  is
                  recommended to do traverses  spaced 250 meter apart across the
                  topographic  ridge and map all  outcrops.  The contact zone of
                  the  basalt  cap,  once  mapped,  needs  to be  systematically
                  sampled  at 200 meter  intervals.  This would  detect  uranium
                  leaching   from   a   paleochannels    or   from   mineralized
                  paleochannels uncovered by erosion of the basalt cap.


2.                A second phase of  exploration  is to consist of detailed soil
                  sampling (50 meter  intervals along 50 meter spaced lines) and
                  radiometric  surveys  over all  areas  with  elevated  uranium
                  defined under 1. above.


3.                Phase 3, Drilling; If anomalous concentrations  of uranium are
                  -----------------
                  detected  drilling through the basalt, up slope from the high
                  uranium in soils, is recommended

<table>
<caption>
               --------------------------------------------------------------------------------------------
                                                     TABLE 2 BUDGET
               --------------------------------------------------------------------------------------------
               
                              <c>                                      <c>       <c>
               Phase 1                                                                     C$       US $
               ------------------------------- ---------------------------------------- --------- ---------
               Mapping                         Geologist 3 days @  $500/day                 1500
               ------------------------------- ---------------------------------------- --------- ---------
               Soil sampling                   Technician  3 days @ $250/day                 750
               ------------------------------- ---------------------------------------- --------- ---------
               Food/lodging                    at $ 125/day/person                           750
               ------------------------------- ---------------------------------------- --------- ---------
               Analysis                        60 samples at $15                             900
               ------------------------------- ---------------------------------------- --------- ---------
               Travel  2 person-days                                                         750
               ------------------------------- ---------------------------------------- --------- ---------
               Transportation                                                                500
               ------------------------------- ---------------------------------------- --------- ---------
               Report                                                                       1500
               ------------------------------- ---------------------------------------- --------- ---------
                                                total                                       6650      5320
               ------------------------------- ---------------------------------------- --------- ---------
               Phase 2
               ------------------------------- ---------------------------------------- --------- ---------
               Detailed soil sampling          Technician  4 days @ $250/day                1000
               ------------------------------- ---------------------------------------- --------- ---------
               Radiometric survey              Technician 4 days @ $250/day                 1000
               ------------------------------- ---------------------------------------- --------- ---------
               Geologist                       1 day @ $500/day                              500
               ------------------------------- ---------------------------------------- --------- ---------
               Travel                                                                        750
               ------------------------------- ---------------------------------------- --------- ---------
               Transportation                                                                750
               ------------------------------- ---------------------------------------- --------- ---------
               Maps                                                                         1000
               ------------------------------- ---------------------------------------- --------- ---------
               Analysis                        100 samples @ $15                            1500
                                                                                                  ---------
               ------------------------------- ---------------------------------------- ---------
                                                total                                       6500      5200
               ------------------------------- ---------------------------------------- --------- ---------

               ------------------------------- ---------------------------------------- --------- ---------
               Phase 3
               ------------------------------- ---------------------------------------- --------- ---------
               Percussion drilling             6 holes a 100 m each @ $90/m                54000
               ------------------------------- ---------------------------------------- --------- ---------
               Permitting                                                                   5000
               ------------------------------- ---------------------------------------- --------- ---------
               Supervision logging             Geologist 10 days                            5000
               ------------------------------- ---------------------------------------- --------- ---------
               Drill paths and access                                                      10000
               ------------------------------- ---------------------------------------- --------- ---------
               Report and drafting                                                          6000
               ------------------------------- ---------------------------------------- --------- ---------
               Analysis                                                                     4000
               ------------------------------- ---------------------------------------- --------- ---------
               Domicile and transport                                                       4000
               ------------------------------- ---------------------------------------- --------- ---------
               Contingency 5%                                                               4500
               ------------------------------- ---------------------------------------- --------- ---------
                                               total                                       92500     74000
                                                                                        --------- ---------
</table>

<page>

We currently do mot have enough funds on hand to commence the exploration on our
claims. To complete phase one, two and three will require additional funding. We
anticipate  that  additional  funding  will be  required  in the form of  equity
financing  from  the sale of our  common  stock  or  loans  from our  directors.
However,  we may not be able to raise  sufficient  funding  from the sale of our
common stock to fund the third phase of the exploration  program. We do not have
any  arrangements  in place for any future equity  financing.  Our management is
prepared to provide us with short-term  loans,  although no such arrangement has
been made.

If we do not secure additional funding for our exploration expenditures,  we may
consider  seeking an arrangement with a joint venture partner that would provide
the  required  funding in exchange  for  receiving a part  interest in the Green
Energy  Claims.  We have not  undertaken  any efforts to locate a joint  venture
partner.  There is no guarantee  that we will be able to locate a joint  venture
partner who will assist us in funding  exploration  expenditures upon acceptable
terms. We may also pursue acquiring interests in alternate mineral properties in
the future.


Off-Balance Sheet Arrangements
------------------------------

We have no off-balance sheet arrangements.


Significant Accounting Policies
-------------------------------

It is suggested that these financial  statements be read in conjunction with our
January 31, 2007 audited  financial  statements and notes thereto,  which can be
found in our Form 10K-SB annual filing on the SEC website at  www.sec.gov  under
our SEC File Number 333-134549.

Our significant accounting policies are as follows:

Mineral Interests
-----------------

Mineral property acquisition,  exploration and development costs are expensed as
incurred  until  such time as  economic  reserves  are  quantified.  To date the
Company  has not  established  any proven or  probable  reserves  on its mineral
properties.  The Company has adopted the provisions of SFAS No. 143  "Accounting
for Asset Retirement  Obligations"  which establishes  standards for the initial
measurement and subsequent accounting for obligations  associated with the sale,
abandonment,  or other disposal of long-lived  tangible  assets arising from the
acquisition,  construction  or  development  and for normal  operations  of such
assets.  As at April 30, 2007, any potential costs relating to the retirement of
the Company's mineral property interest has not yet been determined.

<page>

Use of Estimates and Assumptions
--------------------------------

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

ITEM 3.  CONTROLS AND PROCEDURES
--------------------------------

Evaluation of Disclosure Controls and Procedures
------------------------------------------------

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

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


PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. UNREGISTERED SALE OF SECURITIES

None.

ITEM 3. DEFAULT OF SENIOR SECURITIES

None.

<page>

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

None.

ITEM 5. OTHER INFORMATION

Not applicable.



ITEM 6.   EXHIBITS
------------------

The following  exhibits are included with this  registration  statement  filing.
Those  marked  with  an  asterisk  and  required  to  be  filed  hereunder,  are
incorporated  by  reference  and can be found in their  entirety in our original
Form SB-2 Registration Statement, filed under SEC File Number 333-134549, at the
SEC website at www.sec.gov:

         Exhibit
         Number            Description

         3.1              Articles of Incorporation*
         3.2              Bylaws*
         31.1             Sec. 302 Certification of Principal Executive Officer
         31.2             Sec. 302 Certification of Principal Financial Officer
         32.1             Sec. 906 Certification of Principal Executive Officer
         32.2             Sec. 906 Certification of Principal Financial Officer

<page>

SIGNATURES

Pursuant  to the  requirements  of  Section  13(a) or  15(d)  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.


June 7, 2007                   Arbutus Resources, Inc., Registrant

                               By:     /s/ Karen Law
                               ------------------------------
                               Karen Law, President, Chief Executive Officer,
                               Principal Accounting Officer, and Chief Financial
                               Officer



In  accordance  with the Exchange  Act, this report has been signed below by the
following  persons on behalf of the  registrant and in the capacities and on the
dates indicated.


June 7, 2007                   Arbutus Resources, Inc., Registrant

                               By: /s/ Karen Law
                               ------------------------------
                               Karen Law, President, Chief Executive Officer,
                               Principal Accounting Officer and Chief Financial
                               Officer