----

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| North Carolina                                                |                                   | 56-1378516 |
|---------------------------------------------------------------|----------------------------------------|------------|
| (State or Other JurisdictionOf Incorporation or Organization) | (I.R.S. Employer IdentificationNumber) |
|                                                          |                                   |
| 18124 Wedge Parkway, Suite 214Reno, Nevada                    | 89511                                  |
| (Address of Principal Executive Offices)                      | (Zip Code)                             |

| Large accelerated filer                       | o       | Accelerated filer               | o       |
|-----------------------------------------------|---------|---------------------------------|---------|
|  Non-accelerated filer                   |  o |  Smaller reporting company |  x |
| (Do not check if a smaller reporting company) |

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|                                                                                       | PageNumber |
|--------------------------------------------------------------------------------------------|------------|
|                                                                                       |       |
| PART I – FINANCIAL INFORMATION                                                       |       |
|    Item 1. Financial Statements                                             |       |
| Consolidated Balance Sheets                                                                | 3          |
| Consolidated Statements of Loss                                                            | 4          |
| Consolidated Statements of Cash Flows                                                      | 5          |
| Notes to Consolidated Financial Statements                                                 | 6          |
|    Item 2. Management’s Discussion and Analysis or Plan of Operations | 10         |
|    Item 3. Quantitative and Qualitative Disclosures About Market Risks      | 13         |
|    Item 4. Controls and Procedures                                          |  13   |
|  PART II – OTHER INFORMATION                                                    |       |
|    Item 1. Legal Proceedings                                                | 13         |
|    Item 1A. Risk Factors.                                                   | 13         |
|    Item 2. Unregistered Sales of Equity Securities and Use of Proceeds      | 14         |
|    Item 3. Defaults Upon Senior Securities                                  | 14         |
|    Item 4. [Removed and Reserved]                                           | 14         |
|    Item 5. Other Information                                                | 14         |
|    Item 6. Exhibits                                                         | 14         |
|    Signature Page                                                           | 15         |

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|                                                                                                                                                                                          |   | June 30,2011 |        |   | December 31, 2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-------------|--------|-------------------|--------|
|                                                                                                                                                                                          |   | (unaudited)  |        |   |              |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |
| ASSETS                                                                                                                                                                                        |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |
| CURRENT ASSETS                                                                                                                                                                                |   |         |        |   |              |   |
| Cash                                                                                                                                                                                          |   | $            | 67          |   |              | $      | 176 |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| RECLAMATION BOND (Note 3)                                                                                                                                                                     |   |         | -      |   |              |   | 11,566 |   |
| MINERAL PROPERTY (Note 3)                                                                                                                                                                     |   |         | -      |   |              |   | 1 |   |
| INTEREST IN OIL LEASES (Note 2)                                                                                                                                                               |   |         | 2           |   |              |   | 2 |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
|                                                                                                                                                                                          |   | $            | 69          |   |              | $      | 11,745 |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                   |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                           |   |         |        |   |              |   |   |   |
| Accounts payable                                                                                                                                                                              |   | $            | 377,659     |   |              | $      | 366,534 |   |
| Due to related parties (Note 5)                                                                                                                                                               |   |         | 865,550     |   |              |   | 754,685 |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| TOTAL LIABILITIES                                                                                                                                                                        |   |         | 1,243,209   |   |              |   | 1,121,219 |   |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| STOCKHOLDERS’ DEFICIT                                                                                                                                                                   |   |         |        |   |              |   |   |   |
| CAPITAL STOCK (Note 6)                                                                                                                                                                        |   |         |        |   |              |   |   |   |
| Authorized:200,000,000 Common stock no par value50,000,000 Preferred stock $1.00 par valueCommon stock issued and outstanding:  78,376,025 shares (December 31, 2010 – 78,376,025) |   |         | 16,825,810  |   |              |   | 16,825,810 |   |
| ADDITIONAL PAID IN CAPITAL                                                                                                                                                                    |   |         | 872,643     |   |              |   | 872,643 |   |
| ACCUMULATED DEFICIT                                                                                                                                                                           |   |         | (12,564,287 | )      |              |   | (12,564,287 | ) |
| DEFICIT ACCUMULATED DURING THE EXPLORATION STAGE                                                                                                                                              |   |         | (6,377,306  | )      |              |   | (6,243,640 | ) |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| STOCKHOLDERS’ DEFICIT                                                                                                                                                                   |   |         | (1,243,140  | )      |              |   | (1,109,474 | ) |
|                                                                                                                                                                                          |   |         |        |   |              |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                        |   | $            | 69          |   |              | $      | 11,745 |   |

----

|                                                                                          |   | Three months endedJune 30,2011 |       |    | Three monthsendedJune 30,2010 |             |   | Six months endedJune 30, 2011 |   |   | Six months endedJune 30, 2010 |    |   | For the Period from January 1, 2002 (Date of Inception of Exploration Stage) toJune 30, 2011 |       |
|-----------------------------------------------------------------------------------------------|--------|--------------------------------|------------|---------|-------------------------------|------------------|--------|-------------------------------|--------|--------|-------------------------------|---------|--------|----------------------------------------------------------------------------------------------|------------|
| REVENUES                                                                                      |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |
| Oil revenues                                                                                  |   | $                              | -          |    | $                             | -                |   |                          |   | $      | -                             |    |   | $                                                                                            | -          |   |   | $ | 3,233 |   |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| EXPENSES                                                                                      |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| Depreciation                                                                                  |   |                           | -          |    |                          | -                |   |                          |   |   | -                             |    |   |                                                                                         |       |   |   |   | 146,383 |   |
| Exploration, geological and geophysical costs (Note 2)                                        |   |                           | -          |    |                          | 25,000           |   |                          |   |   | 54                            |    |   |                                                                                         | 25,577     |   |   |   | 2,347,353 |   |
| Finance fees                                                                                  |   |                           | -          |    |                          | -                |   |                          |   |   | -                             |    |   |                                                                                         | -          |   |   |   | 191,200 |   |
| General and administrative                                                                    |   |                           | 8,799      |    |                          | 33,922           |   |                          |   |   | 20,526                        |    |   |                                                                                         | 46,241     |   |   |   | 1,010,174 |   |
| Impairment (recovery) of mineral properties (Note 3)                                          |   |                           | (14,184)   |    |                          | -                |   |                          |   |   | (14,184)                      |    |   |                                                                                         |       |   |   |   | 327,790 |   |
| Management fees                                                                               |   |                           | 42,000     |    |                          | 42,000           |   |                          |   |   | 84,000                        |    |   |                                                                                         | 84,000     |   |   |   | 1,266,872 |   |
| Professional fees                                                                             |   |                           | 880        |    |                          | 33,206           |   |                          |   |   | 43,270                        |    |   |                                                                                         | 64,653     |   |   |   | 1,076,502 |   |
|                                                                                          |   |                           | 37,495     |    |                          | 134,128          |   |                          |   |   | 159,417                       |    |   |                                                                                         | 220,471    |   |   |   | 6,366,274 |   |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| LOSS BEFORE OTHER ITEMS                                                                       |   |                           | (63,246    | )       |                          | (134,128         | )      |                          |   |   | (133,666                      | )       |   |                                                                                         | (220,471   | ) |   |   | (6,363,041 | ) |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| OTHER ITEMS                                                                                   |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| Interest income                                                                               |   |                           | -          |    |                          | -                |   |                          |   |   | -                             |    |   |                                                                                         | -          |   |   |   | 32,325 |   |
| Other non-operating losses                                                                    |   |                           | -          |    |                          | -                |   |                          |   |   | -                             |    |   |                                                                                         |       |   |   |   | (46,590 | ) |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| NET LOSS FOR THE PERIOD                                                                       |   | $                              | (63,246    | )  | $                             | (134,128         | )      |                          |   | $      | (133,666                      | )  |   | $                                                                                            | (220,471   | )  |   | $ |            (6,377,306 | )  |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED    |   |                           | 78,376,025 |    |                          |  72,145,802 |   |  69                      |   |   | 78,376,025                    |    |   |                                                                                         | 70,899,312 |   |   |   |   |   |
|                                                                                          |   |                           |       |    |                          |             |   |                          |   |   |                          |    |   |                                                                                         |       |   |   |   |   |   |
| BASIC AND DILUTED LOSS PER SHARE                                               |   | $                              | (0.00      | )  | $                        | (0.00)           |   |                          |   | $      | (0.00                         | )  |   | $                                                                                            | (0.00      | ) |   |   |   |   |

----

|                                                                    |   | Six months endedJune 30,2011 |     |   | Six months endedJune 30,2010 |   |     | For the Period from January 1, 2002 (Date of Inception of Exploration Stage) toJune 30, 2011 |   |
|-------------------------------------------------------------------------|--------|------------------------------|----------|--------|------------------------------|--------|----------|----------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                    |   |                         |     |   |                         |   |     |                                                                                         |   |
| Net loss for the period                                                 |   | $                            | (133,666 | )      |                         | $      | (220,471 | )                                                                                            |   | $ | (6,377,306 | ) |
| Adjustments to reconcile net loss to net cash from operating activities |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| - depreciation                                                          |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 146,383 |   |
| - impairment (recovery) of mineral properties                           |   |                         | (14,184) |   |                         |   | -        |                                                                                         |   |   | 327,791 |   |
| - stock based compensation                                              |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 409,468 |   |
| - warrants issued as finance fee                                        |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 92,100 |   |
| -non-cash expenses                                                      |   |                         |     |   |                         |   |     |                                                                                         |   |   | 47,468 |   |
| - stock issued as finance fee                                           |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 100,000 |   |
| - other income                                                          |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 21,100 |   |
| - loss on other non-operating activities                                |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | (21,000 | ) |
| Changes in operating assets and liabilities:                            |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| - prepaid expenses and other                                            |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 949 |   |
| - due to related parties                                                |   |                         | 110,865  |   |                         |   | 111,187  |                                                                                         |   |   | 770,343 |   |
| - accounts payable and accrued liabilities                              |   |                         | 36,876   |   |                         |   | 70,318   |                                                                                         |   |   | 645,956 |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| NET CASH USED IN OPERATING ACTIVITIES                                   |   |                         | (109     | )      |                         |   | (38,966  | )                                                                                            |   |   | (3,836,748 | ) |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| CASH FLOWS USED IN INVESTING ACTIVITIES                                 |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| Refund of reclamation bond                                              |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 1,797 |   |
| Purchase of property and equipment                                      |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | (5,579 | ) |
| Purchase of oil and gas interests                                       |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | (2 | ) |
| Mineral property costs                                                  |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | (296,042 | ) |
| Proceeds from non-operating activities                                  |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 97,125 |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| NET CASH USED IN INVESTING ACTIVITIES                                   |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | (202,701 | ) |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| Issuance of shares for cash, net of issuance costs                      |   |                         |     |   |                         |   | 22,500   |                                                                                         |   |   | 3,747,674 |   |
| Convertible notes                                                       |   |                         | -        |   |                         |   | -        |                                                                                         |   |   | 291,145 |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| NET CASH FROM FINANCING ACTIVITIES                                      |   |                         |     |   |                         |   | 22,500   |                                                                                         |   |   | 4,038,819 |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| DECREASE IN CASH                                                        |   |                         | (109     | )      |                         |   | (16,466  | )                                                                                            |   |   | (630) |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| CASH, BEGINNING                                                         |   |                         | 176      |   |                         |   | 16,466   |                                                                                         |   |   | 697 |   |
|                                                                    |   |                         |     |   |                         |   |     |                                                                                         |   |   |   |   |
| CASH, ENDING                                                            |   | $                            | 67       |   |                         | $      | -        |                                                                                         |   | $ | 67 |   |

----

----

|             | June 30, 2011                                                   | December 31, 2010                                                                 |
|------------------|-----------------------------------------------------------------|-----------------------------------------------------------------------------------|
| Mineral Property |                                                            |                                                                              |
| PPM Gold         | $           - | $              1 |

|              | June 30, 2011                                                   | December 31, 2010               |
|-------------------|-----------------------------------------------------------------|---------------------------------|
| Reclamation Bonds |                                                            |                            |
| PPM Gold          | $           - | $    11,566 |

----

|                                    |   | Number of Options |       |   | Weighted Average Exercise Price |   |
|-----------------------------------------|--------|-------------------|------------|--------|---------------------------------|--------|
| Total Options:                          |   |              |       |   |                            |   |
| Outstanding, December 31, 2010          |   |              | 4,250,000  |   |                            | $      | 0.245 |   |
|    Expired June 30, 2011 |   |              | (2,500,000 | )      |                            |   | 0.242 |   |
|                                    |   |              |       |   |                            |   |   |   |
| Outstanding, June 30 2011               |   |              | 1,750,000  |   |                            | $      | 0.25 |   |

|                                     |             |                                    |                                       |   |             | Weighted        |                                 |   |
|------------------------------------------|------------------|-----------------------------------------|--------------------------------------------|--------|------------------|-----------------|--------------------------------------|--------|
|                                     |             |  Weighted                          |                                       |   |             | Average         |                                 |   |
|                                     |             | Average                                 | Weighted                                   |   |             | Remaining       | Weighted                             |   |
|                                     |             | Remaining                               | Average                                    |   |             | Contractual     | Average                              |   |
| Range of Exercise Prices                 | Number of Shares | Contractual Life (in years)             | Exercise Price                             |   | Number of Shares | Life (in years) | Exercise Price                       |   |
|                                     |             |                                    |                                       |   |             |            |                                 |   |
| Options outstanding at June 30, 2011     |             | Options exercisable at June 30,, 2011   |
| $ 0.25                                   | 1,750,000        | 0.607                                   | $      0.25  |   | 1,750,000        | 0.67            | $     0.25  |   |
|                                     |             |                                    |                                       |   |             |            |                                 |   |
| Options outstanding at December 31, 2010 |             | Options exercisable at December 31,2010 |
| $ 0.23 – 0.28                      |  4,250,000  | 0.62                                    | $      0.245 |   | 4,250,000        | 0.62            | $     0.245 |   |

----

|                       |   | Number ofWarrants |      |   | Weighted AverageExercise Price |   |   | Weighted AverageRemaining Life (years) |   |
|----------------------------|--------|-------------------|-----------|--------|--------------------------------|--------|--------|----------------------------------------|--------|
| Balance, December 31, 2010 |   |              | 3,162,500 |   |                           |   | $0.057 |                                   |   |   | 1.52 |   |
| Expired                    |   |              | (425,000  | )      |                           |   | 0.112  |                                   |   |   | - |   |
| Balance at June 30, 2011   |   |              | 2,737,500 |   |                           |   | $0.049 |                                   |   |   | 1.23 |   |

| NOTE 7: | SUPPLEMENTAL CASH FLOW INFORMATION |
|---------|------------------------------------|

| Other information          |   | Six months endedJune 30, 2011 |   |   | Six months endedJune 30, 2010 |   |
|----------------------------|--------|-------------------------------|--------|--------|-------------------------------|--------|
| Cash paid for interest     |   | $                             | -      |   |                          | $      | - |   |
| Cash paid for income taxes |   | $                             | -      |   |                          | $      | - |   |

| ·   | Designation of Series A Preferred Stock.  On March 4, 2011, the Company filed Articles of Amendment amending the Company’s Articles of Incorporation to designate 200,000 shares of the Company’s authorized Preferred Stock as Series A Preferred Stock. Shares of Series A Preferred Stock have been designated with the following rights, privileges, and preferences:  Each share of Series A Preferred Stock shall entitle the holder thereof to 1,000 votes, and the right to vote, together as a single class with holders of all common stock and preferred stock then outstanding, on any question or matter upon which holders of the Company’s common stock are entitled to vote.  Shares of Series A Preferred Stock shall not entitle the holders thereof to any dividends or liquidation preferences and such shares shall not be convertible into any other security of the Company. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Designation of Series B Preferred Stock.  On March 4, 2011, the Company filed Articles of Amendment amending the Company’s Articles of Incorporation to designate 10,000,000 shares of the Company’s authorized Preferred Stock as Series B Preferred Stock.  Shares of Series B Preferred Stock have been designated with the following rights, privileges, and preferences: Each share of Series B Preferred Stock shall automatically convert into shares of the Company’s post-Reverse Split Common Stock at a rate of one post-Reverse Split share of the Company’s Common Stock. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Obtain financing to continue our operations; or |
|--------------------|-------------------------------------------------|

| ·   | Enter into a joint venture with a third party. |
|--------------------|------------------------------------------------|

----

----

----

| Exhibit No. | Description                                                                                                |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1        | Certification Pursuant to Section 302*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 32.1        | Certification Pursuant to 18 U.S.C. Section 1350*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

----

|                              | PIEDMONT MINING COMPANY, INC.,                                                                                                                                                                        |
|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              | a North Carolina Corporation                                                                                                                                                                          |
|                              |                                                                                                                                                                                                  |
|                              |                                                                                                                                                                                                  |
|                              |                                                                                                                                                                                                  |
| Dated:  August 15, 2011 |   /s/ Robert M. Shields, Jr.                                                                                                                                                                     |
|                              | By:  Robert M. Shields, Jr.Its:  Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |