----

----

**EASTERN      EXPLORATION COMPANY**

| **Delaware**                          | **1000**                                                                              | **N/A**                                          |
|---------------------------------------|---------------------------------------------------------------------------------------|--------------------------------------------------|
| State                of Incorporation | Primary                Standard IndustrialClassification                Code Number # | I.R.S                Employer Identification No. |

**Eastern      Exploration Company**

**6588      Barnard Drive, Suite 40**

**Richmond,      B.C. V7C 5R8**

**Telephone:      778-889-3091**

**The      Company Corporation**

**2711      Centerville Road, Suite 400**

**Wilmington,      Delaware 19808**

**Telephone:      302-636-5440**

**Facsimile:      302-636-5454**

**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY **

**PROCEEDINGS      DURING THE PRECEDING FIVE YEARS**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

----

| PART                I - FINANCIAL INFORMATION - UNAUDITED | 3                                                                                                                    |
|-----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|
|                                                      |                                                                                                                 |   |
| Item 1.                                                   | Financial Statements                                                                                            | 3 |
|                                                      |                                                                                                                 |   |
|                                                      | **INTERIM                CONSOLIDATED BALANCE SHEETS**                                                               | 3 |
|                                                      |                                                                                                                 |   |
|                                                      | **INTERIM                CONSOLIDATED STATEMENTS OF OPERATIONS**                                                     | 4 |
|                                                      |                                                                                                                 |   |
|                                                      | **INTERIM                CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY**                                      | 5 |
|                                                      |                                                                                                                 |   |
|                                                      | **INTERIM                CONSOLIDATED STATEMENTS OF CASH FLOWS**                                                     | 6 |
|                                                      |                                                                                                                 |   |
|                                                      | **NOTES                TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**                                                | 7 |
|                                                      |                                                                                                                 |   |
| Item                2.                                    | Management's                Discussion and Analysis of Financial Condition and Results of                Operations. | 11 |
|                                                      |                                                                                                                 |   |
| Item                3.                                    | Controls                and Procedures                                                                               | 14 |
|                                                      |                                                                                                                 |   |
| PART                II - OTHER INFORMATION                | 15                                                                                                                   |
|                                                      |                                                                                                                 |   |
| Item                1.                                    | Legal                Proceedings.                                                                                    | 15 |
|                                                      |                                                                                                                 |   |
| Item                2.                                    | Changes                in Securities and Use of Proceeds.                                                            | 15 |
|                                                      |                                                                                                                 |   |
| Item                3.                                    | Defaults                Upon Senior Securities.                                                                      | 15 |
|                                                      |                                                                                                                 |   |
| Item                4.                                    | Submission                of Matters to a Vote of Security Holders.                                                  | 15 |
|                                                      |                                                                                                                 |   |
| Item                5.                                    | Other                Information.                                                                                    | 15 |
|                                                      |                                                                                                                 |   |
| Item                6.                                    | Exhibit                and Reports on Form 8-K                                                                       | 15 |

----

**Item      1. Financial Statements (unaudited)**

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      CONSOLIDATED BALANCE SHEETS**

**(Unaudited)**

|                                                                               |   | October                31, 2006 |    | April                30, 2006 |   |
|------------------------------------------------------------------------------------|--------|---------------------------------|---------|-------------------------------|--------|
|                                                                               |   |                            |    |                          |   |
| **ASSETS**                                                                         |   |                            |    |                          |   |
| **CURRENT                ASSETS**                                                  |   |                            |    |                          |   |   |   |
| Cash                                                                               |   | $                               | 2,328   |                          | $      | 18,818 |   |
|                                                                               |   |                            |    |                          |   |   |   |
| TOTAL                ASSETS                                                        |   | $                               | 2,328   |                          | $      | 18,818 |   |
|                                                                               |   |                            |    |                          |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)**                  |   |                            |    |                          |   |   |   |
|                                                                               |   |                            |    |                          |   |   |   |
| **CURRENT                LIABILITIES**                                             |   |                            |    |                          |   |   |   |
| Accounts                payable and accrued liabilities                            |   | $                               | 2,000   |                          | $      | 4,005 |   |
| Due                to related party                                                |   |                            | 278     |                          |   | 278 |   |
|                                                                               |   |                            |    |                          |   |   |   |
|                                                                               |   | $                               | 278     |                          | $      | 4,283 |   |
|                                                                               |   |                            |    |                          |   |   |   |
|                                                                               |   |                            |    |                          |   |   |   |
| **STOCKHOLDERS’                EQUITY (DEFICIT )**                           |   |                            |    |                          |   |   |   |
| Capital                stock (Note 4)                                              |   |                            |    |                          |   |   |   |
| Authorized                                                                         |   |                            |    |                          |   |   |   |
| 75,000,000                shares of common                stock, $0.001 par value, |   |                            |    |                          |   |   |   |
| Issued                and                outstanding                               |   |                            |    |                          |   |   |   |
| 14,175,000                shares of common stock                                   |   |                            | 1,417   |                          |   | 1,417 |   |
| Additional                paid-in capital                                          |   |                            | 27,633  |                          |   | 27,633 |   |
| Deficit                accumulated during the development stage                    |   |                            | (29,000 | )                             |   | (14,515 | ) |
|                                                                               |   |                            |    |                          |   |   |   |
|                                                                               |   |                            | 50      |                          |   | 14,535 |   |
|                                                                               |   |                            |    |                          |   |   |   |
| TOTAL                LIABILITIES AND SHAREHOLDERS’ EQUITY                    |   | $                               | 2,328   |                          | $      | 18,818 |   |

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

|                                                                        |   | Three                monthsendedOctober                31,2006(Unaudited) |             | Six                monthsendedOctober                31,2006(Unaudited) |   | Cumulative                results of operations from August 26, 2005(date of inception) to                October                31, 2006(Unaudited) |   |
|-----------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|------------------|-------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |
| **EXPENSES**                                                                |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
| Office                and general                                           |   | $                                                                         | 2,745            |                                                                    | $      | 4,412                                                                                                                                                |   | $ | 4,922 |   |
| Professional                fees                                            |   |                                                                      | 7,632            |                                                                    |   | 9,732                                                                                                                                                |   |   | 23,737 |   |
| Delaware                Taxes                                               |   |                                                                      | 341              |                                                                    |   | 341                                                                                                                                                  |   |   | 341 |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
| **NET                LOSS**                                                 |   | $                                                                         | (10,718          | )                                                                       | $      | (14,485                                                                                                                                              | )      | $ | (29,000 | ) |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
| **BASIC                NET LOSS PER SHARE**                                 |   | $                                                                         | 0.00             |                                                                    | $      | 0.00                                                                                                                                                 |   |   |   |   |
|                                                                        |   |                                                                      |             |                                                                    |   |                                                                                                                                                 |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF COMMON SHARES O****UTSTANDING** |   |                                                                      |  14,175,000 |                                                                    |   | 14,175,000                                                                                                                                           |   |   |   |   |

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)**

**(Unaudited)**

**FROM      INCEPTION (AUGUST 26, 2005) TO OCTOBER 31, 2006**

|                                                                                              |   | Common                Stock      |       | Additional  |   | Deficit                Accumulated During the  |   |                   |   |
|---------------------------------------------------------------------------------------------------|--------|---------------------------------------|------------|------------------|--------|-----------------------------------------------------|--------|------------------------|--------|
|                                                                                              |   | Number                of shares  |       | Amount      |   | Paid-inCapital                                 |   | ExplorationStage  |   | Total  |   |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |
| Balance,                August 26, 2005                                                      |   |                                  | -          |             | $      | -                                                   |   | $                      | -      |   | $ | - |   | $ | - |   |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
| Common                stock issued for cash at $0.0004 per share - October 21, 2005               |   |                                  | 10,000,000 |             |   | 1,000                                               |   |                   | 3,000  |   |   | - |   |   | 4,000 |   |
| Common                stock issued for cash at $0.006 per share - October 21,                2005 |   |                                  | 1,858,333  |             |   | 186                                                 |   |                   | 10,964 |   |   | - |   |   | 11,150 |   |
| Common                stock issued for cash at $0.006 per share - December 2,                2005 |   |                                  | 1,075,000  |             |   | 107                                                 |   |                   | 6,343  |   |   |   |   |   | 6,450 |   |
| Common                stock issued for cash at $0.006 per share - January 31, 2006                |   |                                  | 1,241,667  |             |   | 124                                                 |   |                   | 7,326  |   |   |   |   |   | 7,450 |   |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
| Net                loss for year ended April 30, 2006                                             |   |                                  | -          |             |   | -                                                   |   |                   | -      |   |   | (14,515 | ) |   | (14,515 | ) |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
| Balance                April 30, 2006                                                             |   |                                  | 14,175,000 |             | $      | 1,417                                               |   | $                      | 27,633 |   |   | (14,515 | ) | $ | 14,535 |   |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
| Net                loss for the 6 months ended October 31, 2006                                   |   |                                  |       |             |   |                                                |   |                   |   |   |   | (14,485 | ) |   | (14,485 | ) |
|                                                                                              |   |                                  |       |             |   |                                                |   |                   |   |   |   |   |   |   |   |   |
| Balance,                October 31, 2006                                                          |   |                                  | 14,175,000 |             | $      | 1,417                                               |   | $                      | 27,633 |   | $ | (29,000 | ) | $ | 50 |   |

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**INTERIM      CONSOLIDATED STATEMENTS OF CASH FLOWS**

|                                                                                                    |   | 3                months ended,October                312006 |    | 6                monthsendedOctober                312006 |   | Cumulative                results of operations from inception (August 26, 2005) to October                31,                2006 |   |
|---------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|---------|-----------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES**                                                 |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Net                loss                                                                                 |   | $                                                           | (10,718 | )                                                         | $      | (14,485                                                                                                                            | )      | $ | (29,000 | ) |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Adjustment                to reconcile net loss to net cash used in operating                activities |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| -accounts                payable and accrued liabilities                                                |   |                                                        | (3,005  | )                                                         |   | (2,005                                                                                                                             | )      |   | 2,000 |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **NET                CASH USED IN OPERATING ACTIVITIES**                                                |   |                                                        | (13,723 | )                                                         |   | (16,490                                                                                                                            | )      |   | (27,000 | ) |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES**                                                 |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Proceeds                from sale of common stock                                                       |   |                                                        | -       |                                                      |   |                                                                                                                               |   |   | 29,205 |   |
| Related                party advance                                                                    |   |                                                        | -       |                                                      |   |                                                                                                                               |   |   | 278 |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **NET                CASH PROVIDED BY FINANCING ACTIVITIES**                                            |   |                                                        | -       |                                                      |   |                                                                                                                               |   |   | 29,328 |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **NET                INCREASE (DECREASE) IN CASH**                                            |   |                                                        | (13,723 | )                                                         |   | (16,490                                                                                                                            | )      |   | 2,328 |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **CASH,                BEGINNING OF PERIOD**                                                            |   |                                                        | 16,051  |                                                      |   | 18,818                                                                                                                             |   |   | - |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| **CASH,                END OF PERIOD**                                                                  |   | $                                                           | 2,328   |                                                      | $      | 2,328                                                                                                                              |   | $ | 2,328 |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Supplemental                cash flow information and noncash financing activities:                     |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Cash                paid for:                                                                           |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Interest                                                                                                |   | $                                                           | -       |                                                      | $      | -                                                                                                                                  |   | $ | - |   |
|                                                                                                    |   |                                                        |    |                                                      |   |                                                                                                                               |   |   |   |   |
| Income                taxes                                                                             |   | $                                                           | -       |                                                      | $      | -                                                                                                                                  |   | $ | - |   |

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**NOTES      TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **OCTOBER                31, 2006** |
|-------------------------------------|

**NOTE      1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION **

----

**Principles      of consolidation**

**Going      concern**

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

----

**Organization**

**Basis      of Presentation**

**Exploration      stage company**

**Natural      resource properties**

**Use      of Estimates and Assumptions**

**Financial      instruments**

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**NOTES      TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **OCTOBER                31, 2006** |
|-------------------------------------|

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**

----

**Loss      per Common Share**

**Income      Taxes**

**Stock-based      Compensation**

*Accounting      for Stock-Based Compensation”.*
*Accounting      for Stock-Based Compensation-transition and disclosure”, *
*Accounting      for Stock Issued to Employees”*

*Accounting      of Certain Transactions Involving Stock Compensation-An Interpretation of APB      Opinion No. 25 *

----

**EASTERN      EXPLORATION COMPANY**

**(An      Exploration Stage Company)**

**NOTES      TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **OCTOBER                31, 2006** |
|-------------------------------------|

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) **

----

**Recent      Accounting Pronouncements**

*Share-Based      Payment*

*Exchanges      of Non-monetary*
*Assets      - An Amendment of APB Opinion No. 29 Accounting for Non-monetary      Transactions*

**NOTE      3 - NATURAL RESOURCE PROPERTIES and RELATED EXPLORATION EXPENSES**

----

----

**EASTERN        EXPLORATION COMPANY**

**(An        Exploration Stage Company)**

**NOTES        TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **OCTOBER                  31, 2006** |
|---------------------------------------|

**NOTE          4 - STOCKHOLDERS EQUITY **

----

**NOTE      5 - RELATED PARTY TRANSACTIONS**

----

**NOTE      6 - INCOME TAXES**

----

----

**Item      2. Plan of Operations**

**In      General **

**Location,      Access and Description**

----

**Plan      of Operation - Next Twelve Months **

| Mobilization/Demobilization     |   |   | 5,000  |   |
|---------------------------------|--------|--------|--------|--------|
| Geologist                       |   |   | 1,500  |   |
| Geotechnician                   |   |   | 1,200  |   |
| Equipment                rental |   |   | 500    |   |
|                            |   |   | 600    |   |
|                            |   |   | 3,000  |   |
|                            |   |   | 500    |   |
|                            |   |   | 200    |   |
|                            |   |   |        |   |
| Total                           |   | $      | 12,500 |   |

----

| Mobilization\Demobilization                           |   |   | 10,000 |   |
|-------------------------------------------------------|--------|--------|--------|--------|
| Airborne                MAG-EM Survey                 |   |   | 15,000 |   |
| Horizontal                Loop Electromagnetic Survey |   |   | 9,500  |   |
| Data                Reduction and Report              |   |   | 2,500  |   |
| Administration                Fees and Taxes          |   |   | 8,000  |   |
|                                                  |   |   |        |   |
| Total                                                 |   | $      | 45,000 |   |

**Liquidity      and Capital Resources**

----

**Off-Balance      Sheet Arrangements**

**Product      Research and Development**

**Item      3. Controls and Procedures**

----

**Changes      In Internal Controls.**

| Item                1. | Not                applicable. |
|------------------------|--------------------------------|

| Item                2. | Not                applicable. |
|------------------------|--------------------------------|

| Item                3. | Not                applicable. |
|------------------------|--------------------------------|

| Item                4. | Not                applicable. |
|------------------------|--------------------------------|

| Item                5. | Not                applicable. |
|------------------------|--------------------------------|

| Item                6. | Not                applicable. |
|------------------------|--------------------------------|

| Exhibit                Number | Description |
|-------------------------------|-------------|

|   | 31.1 | Section                302 Certification of Chief Executive Officer and Chief Financial                Officer |
|--------|------|----------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                The Sarbanes-Oxley Act of 2002 |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                    | Eastern                Exploration Company .                                                                                                                                                                                                                                                                    |
|-----------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                    |                                                                                                                                                                                                                                                                                                            |
| Dated:                February 12, 2007 | /s/                Anthony                Tai                                            |
|                                    |                                                                                                                                                                                                                                                                                                            |
|                                    | Chief                Executive Officer and                                                                                                                                                                                                                                                                      |
|                                    | Chief                Financial Officer                                                                                                                                                                                                                                                                          |

----