UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
  FORM
10-Q
 
 [X]
                                  QUARTERLY
      REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
      FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2009OR[   ]
                                  TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
 
 Commission
file number 000-52813
  SNOWDON
RESOURCES CORPORATION
 (Exact
name of registrant as specified in its charter)
  NEVADA
 (State
or other jurisdiction of incorporation or organization)
  789
West Pender Street, Suite 1010
 Vancouver,
British Columbia
 Canada   V6C
1H2
 (Address
of principal executive offices, including zip code.)
  (604)
606-7979
 (telephone
number, including area code)
 
 Check whether the issuer
(1) filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the last 90 days.   YES
[X]   NO
[   ]
  Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.  See the definitions of Alarge
accelerated filer, Aaccelerated
filer,@
Anon-accelerated
filer,@
and Asmaller
reporting company@
in Rule 12b-2 of the Exchange Act.
 
 Large
      Accelerated Filer
              [   ]
              Accelerated
      Filer
              [   ]
 Non-accelerated
      Filer
              [   ]
              Smaller
      Reporting Company
              [X]
 
 Indicate by check mark
whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). YES
[  ]  NO [X]
  State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date: 15,500,000
as of March 16, 2009.
  -
-
 1
  
 PART
I - FINANCIAL INFORMATION
 
 ITEM
      1.
              FINANCIAL
      STATEMENTS
 
 SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  INTERIM
BALANCE SHEETS
 (Unaudited)
 (Stated
in U.S. Dollars)
 January
      31 2009
                          
                          April
      30
                            2008ASSETSCurrentCash
                          $
                          100,642
                          $
                          531,283Amounts
      receivable
                          
                          14,960
                          
                          -Prepaid
      expenses
                          
                          5,000
                          
                          -Recoverable
      advance (Note 3)
                          
                          179,168
                          
                          -Recoverable
      goods and services tax
                          
                          2,324
                          
                          -$
                          302,094
                          $
                          531,283LIABILITIESCurrentAccounts
      payable and accrued liabilities
                          $
                          6,300
                          $
                          1,170Due
      to related parties (Note 4)
                          
                          -
                          
                          66,2586,300
                          
                          67,428STOCKHOLDERS’
      EQUITYCapital
      Stock(Note 6)Authorized:100,000,000
      common shares with a par value of $0.00001 per share100,000,000
      preferred shares with a par value of $0.00001 per share(none
      issued)Issued
      and outstanding:15,500,000
      common shares at January 31, 2009 and April 30, 2008
                          
                          155
                          
                          155Additional
      Paid-in Capital
                          
                          549,945
                          
                          549,945Deficit
      Accumulated During The Exploration Stage
                          
                          (254,306)
                          
                          (86,245)295,794
                          
                          463,855$
                          302,094
                          $
                          531,283
 
 The
accompanying notes are an integral part of these financial
statements.
  F-1
  -
-
 2
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  INTERIM
STATEMENTS OF OPERATIONS
 (Unaudited)
 (Stated
in U.S. Dollars)
 
 CUMULATIVEPERIOD
      FROMINCEPTIONTHREE
      MONTHS
                    
                    NINE
      MONTHS
                    
                    (MARCH
      1, 2006)ENDED
                    
                    ENDED
                    
                    TOJANUARY
      31
                    
                    JANUARY
      31
                    
                    JANUARY
      312009
                    
                    2008
                    
                    2009
                    
                    2008
                    
                    2009Revenue
                    $
                    -
                    $
                    -
                    $
                    -
                    $
                    -
                    $
                    -Operating
      ExpensesConsulting
      fees
                    
                    18,000
                    
                    -
                    
                    24,000
                    
                    -
                    
                    24,000Mineral
      claim payment
                    
                    -
                    
                    -
                    
                    -
                    
                    -
                    
                    10,000Office
      and sundry
                    
                    17,205
                    
                    691
                    
                    33,211
                    
                    1,976
                    
                    41,045Professional
      fees
                    
                    9,117
                    
                    2,438
                    
                    33,255
                    
                    23,557
                    
                    90,885Project
      development
                    
                    3,916
                    
                    -
                    
                    77,595
                    
                    -
                    
                    88,37648,238
                    
                    3,129
                    
                    168,061
                    
                    25,533
                    
                    254,306Net
      Loss for the period
                    $
                    (48,238)
                    $
                    (3,129)
                    $
                    (168,061)
                    $
                    (25,533)
                    $
                    (254,306)Basic
      And Diluted Loss Per CommonShare
                    $
                    (0.00)
                    $
                    (0.00)
                    $
                    (0.01)
                    $
                    (0.00)Weighted
      Average Number Of Common Shares Outstanding
                    
                    15,500,000
                    
                    10,000,000
                    
                    15,500,000
                    
                    10,000,000
 
 
  The
accompanying notes are an integral part of these financial
statements.
  F-2
  3
 
 SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  INTERIM
STATEMENTS OF CASH FLOWS
 (Unaudited)
 (Stated
in U.S. Dollars)
 
 Nine
      Months ended
                    January
      31
                  
                  Cumulative
      Period From Inception (March 1, 2006) To January 31,
  20092009
                  
                  2008Cash
      Used In Operating ActivitiesNet
      loss for the period
                  $
                  (168,061)
                  $
                  (25,533)
                  $
                  (254,306)Net
      changes in non-cash operating working capital items:Amounts
      receivable
                  
                  (14,960)
                  
                  -
                  
                  (14,960)Prepaid
      expenses
                  
                  (5,000)
                  
                  -
                  
                  (5,000)Recoverable
      goods and services tax
                  
                  (2,324)
                  
                  -
                  
                  (2,324)Accounts
      payable and accrued liabilities
                  
                  5,130
                  
                  (7,127)
                  
                  6,300(185,215)
                  
                  (32,660)
                  
                  (270,290)Cash
      Flows From (Used In) Financing ActivitiesIssue
      of share capital
                  
                  -
                  
                  -
                  
                  550,100Recoverable
      advance
                  
                  (179,168)
                  
                  -
                  
                  (179,168)Advances
      (to) from related parties
                  
                  (66,258)
                  
                  32,826
                  
                  -(245,426)
                  
                  32,826
                  
                  370,932Increase
      (Decrease) In Cash
                  
                  (430,641)
                  
                  166
                  
                  100,642Cash,
      Beginning Of Period
                  
                  531,283
                  
                  213
                  
                  -Cash,
      End Of Period
                  $
                  100,642
                  $
                  379
                  $
                  100,642Supplemental
      Disclosure of Cash Flow InformationCash
      Activities:Interest
      paid
                  $
                  -
                  $
                  -
                  $
                  -Income
      taxes paid
                  $
                  -
                  $
                  -
                  $
                  -
 
 
 The
accompany notes are an integral part of these financial statements.
  F-3
  -
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 4
  
 SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  STATEMENT
OF STOCKHOLDERS’ EQUITY (DEFICIENCY)
 (Unaudited)
 (Stated
in U.S. Dollars)
  PERIOD
FROM INCEPTION (MARCH 1, 2006) TO JANUARY 31, 2009
 
 DEFICITNUMBER
                    
                    
                    
                    ACCUMULATEDOF
                    
                    ADDITIONAL
                    
                    DURING
      THECOMMON
                    
                    PAID-IN
                    PAR
                    EXPLORATIONSHARES
                    
                    CAPITAL
                    VALUE
                    STAGE
                    TOTALBeginning
      balance,
                      March
      1, 2006
                    -
                    $
                    -
                    $
                    -
                    $
                    -
                    $
                    -March
      22, 2006 – Shares issued for cash at $0.00001
                    10,000,000
                    
                    -
                    
                    100
                    
                    -
                    
                    100Net
      loss for the period
                    -
                    
                    -
                    
                    -
                    
                    (30,300)
                    
                    (30,300)Balance,
      April 30, 2006
                    10,000,000
                    
                    -
                    
                    100
                    
                    (30,300)
                    
                    (30,200)Net
      loss for the year
                    -
                    
                    -
                    
                    -
                    
                    (12,820)
                    
                    (12,820)Balance,
      April 30, 2007
                    10,000,000
                    
                    -
                    
                    100
                    
                    (43,120)
                    
                    (43,020)April
      4, 2008 – Shares issued for cash at $0.10
                    5,500,000
                    
                    549,945
                    
                    55
                    
                    -
                    
                    550,000Net
      loss for the year
                    -
                    
                    -
                    
                    -
                    
                    (43,125)
                    
                    (43,125)Balance,
      April 30, 2008
                    15,500,000
                    
                    549,945
                    
                    155
                    
                    (86,245)
                    
                    463,855Net
      loss for the period
                    -
                    
                    -
                    
                    -
                    
                    (168,061)
                    
                    (168,061)Balance,
      January 31, 2009
                    15,500,000
                    $
                    549,945
                    $
                    155
                    $
                    (254,306)
                    $
                    295,794
  
 The
accompany notes are an integral part of these financial statements.
  F-4
  -
-
 5
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  1.       NATURE
OF OPERATIONS AND BASIS OF PRESENTATION
  Organization
  Snowdon
Resources Corporation (“the Company”) was incorporated in the State of Nevada,
U.S.A., on March 1, 2006.
  Exploration
Stage Activities
  The
Company has been in the exploration stage since its formation and has not yet
realized any revenues from its planned operations.  It is engaged in
the acquisition and exploration of mining claims.  Upon location of a
commercial minable reserve, the Company expects to actively prepare the site for
extraction and to enter a development state.
  Basis
of presentation
  The
accompanying financial statements have been prepared without audit pursuant to
the rules and regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with United States generally accepted accounting
principles have been condensed or omitted pursuant to such rules and
regulations. In the opinion of management, all adjustments considered necessary
for a fair presentation have been included. It is suggested that these financial
statements be read in conjunction with the April 30, 2008 audited financial
statements and notes thereto.  Results of this period are not
necessarily indicative of the results for the year ending April 30,
2009.
   2.       SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES
  The
financial statements of the Company have been prepared in accordance with
generally accepted accounting principles in the United States of
America.  Because a precise determination of many assets and
liabilities is dependent upon future events, the preparation of financial
statements for a period necessarily involves the use of estimates which have
been made using careful judgment.  Actual results may vary from these
estimates. The financial statements have, in management’s opinion, been properly
prepared within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:
 
 
 
 
 
 
 
 
 
 F-5
  -
-
 6
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 
 a)  Exploration
      Stage Enterprise
  The
Company’s financial statements are prepared using the accrual method of
accounting and according to the provisions of Statement of Financial Accounting
Standards No. 7 (“SFAS No. 7”), “Accounting and Reporting for Development Stage
Enterprises,” as it devotes substantially all of its efforts to acquiring and
exploring mineral properties.  Until such properties are acquired and
developed, the Company will continue to prepare its financial statements and
related disclosures in accordance with entities in the exploration
stage.
    b)
              Cash
  Cash
consists of cash on deposit with high quality major financial institutions, and
to date the Company has not experienced losses on any of its balances. The
carrying amounts approximated fair market value due to the liquidity of these
deposits. However, funds on deposit at this financial institution exceed
federally regulated insurance limits.  Accordingly, the Company is at
risk for the excess over these limits by approximately $98,000 at January 31,
2009.
  c)   Mineral
      Property Acquisition Payments
  The
Company expenses all costs incurred on mineral properties to which it has
secured exploration rights prior to the establishment of proven and probable
reserves.  If and when proven and probable reserves are determined for
a property and a feasibility study prepared with respect to the property, then
subsequent exploration and development costs of the property will be
capitalized.
  The
Company regularly performs evaluations of any investment in mineral properties
to assess the recoverability and/or the residual value of its investments in
these assets.  All long-lived assets are reviewed for impairment
whenever events or circumstances change which indicate the carrying amount of an
asset may not be recoverable.
  
  
  
  
  
  
  
  
 F-6
  -
-
 7
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
  d)   Exploration
      Expenditures
  The
Company follows a policy of expensing exploration expenditures until a
production decision in respect of the project and the Company is reasonably
assured that it will receive regulatory approval to permit mining operations,
which may include the receipt of a legally binding project approval
certificate.
  Management
periodically reviews the carrying value of its investments in mineral leases and
claims with internal and external mining related professionals.  A
decision to abandon, reduce or expand a specific project is based upon many
factors including general and specific assessments of mineral deposits,
anticipated future mineral prices, anticipated future costs of exploring,
developing and operating a production mine, the expiration term and ongoing
expenses of maintaining mineral properties and the general likelihood that the
Company will continue exploration on such project.  The Company does
not set a pre-determined holding period for properties with unproven deposits,
however, properties which have not demonstrated suitable metal concentrations at
the conclusion of each phase of an exploration program are re-evaluated to
determine if future exploration is warranted, whether there has been any
impairment in value and that their carrying values are appropriate.
  If an
area of interest is abandoned or it is determined that its carrying value cannot
be supported by future production or sale, the related costs are charged against
operations in the year of abandonment or determination of value.  The
amounts recorded as mineral leases and claims represent costs to date and do not
necessarily reflect present or future values.
  The
Company’s exploration activities and proposed mine development are subject to
various laws and regulations governing the protection of the
environment.  These laws are continually changing, generally becoming
more restrictive.  The Company has made, and expects to make in the
future, expenditures to comply with such laws and regulations.
  The
accumulated costs of properties that are developed to the stage of commercial
production will be amortized to operations through unit-of-production
depletion.
  
 
 
 
 
 
 
 
 
 
 
 
 
 F-7
  -
-
 8
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
  e)  Use
      of Estimates and Assumptions
  The
preparation of financial statements in conformity with United States 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
reporting period. Actual results could differ from those estimates.
  f)  Financial Instruments
  The
carrying values of cash and accounts payable and accrued liabilities approximate
their fair value because of the short maturity of these instruments. While the
Company’s head office operations are in Canada, the majority of its exploration
and development costs are incurred in United States dollars and the bulk of its
cash is maintained in US dollars. Consequently, the Company does not use
derivative instruments to reduce its exposure to foreign currency risk. The
Company’s financial risk is the risk that arises from fluctuations in foreign
exchange rates and the degree of volatility of these rates.
  g)  Basic
and Diluted Net Income (Loss) Per Share
  The
Company computes net income (loss) per share in accordance with Statement of
Financial Accounting Standards No. 128.  (“SFAS 128”) "Earnings per
Share", which requires presentation of both basic and diluted earnings per share
(“EPS”) on the face of the income statement. Basic EPS is computed by dividing
net income (loss) available to common shareholders by the weighted average
number of shares outstanding during the period. Diluted EPS gives effect to all
dilutive potential common shares outstanding during the period using the
treasury stock method and convertible preferred stock using the if-converted
method. Diluted EPS excludes all dilutive potential shares if their effect is
anti dilutive.  As the Company generated net losses in the year
presented, the basic and diluted loss per share are the same as any exercise of
options or warrants would be anti-dilutive.
 
 
 
 
 
 
 
 
 
 
 
 F-8
  -
-
 9
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
  h)  Foreign
      Currency Translation
  The
Company’s functional currency is the U.S. dollar.  Transactions in
Canadian dollars are translated into U.S. dollars as follows:
 i)monetary
items at the rate prevailing at the balance sheet date;
 ii)non-monetary
items at the historical exchange rate;
 iii)
              revenue
      and expense at the average rate in effect during the applicable accounting
      period.
 Gains and losses on translation are recorded in the statement of
operations.
   3.           RECOVERABLE
ADVANCE
 
 During the nine month period ended January 31, 2009, the Company paid a total of
$179,168 ($220,000 CAD) to an Alberta corporation as a recoverable advance in
connection with discussions regarding a   potential business venture.
Discussions are continuing between the parties regarding the potential business
venture and the advance remains outstanding. As part of the agreement, a $1,556
fee ($2,000 CAD) was received from the Alberta corporation on November 21,
2008.
   4.
              DUE
      TO RELATED PARTIES
   The
amounts due to related parties are unsecured and interest free with no specific
terms of repayment. All related party transactions occurred in the normal course
of business and are recorded at their exchange amount, which is the amount of
consideration paid or received as established and agreed to between the related
parties.  The exchange amount was negotiated, established and agreed
to by the related parties as if they were dealing at arm’s length.
 
 
 
 
 
 
 
 
 
 
 
 
 
 F-9
  -
-
 10
  SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  5.       MINERAL
CLAIM INTEREST
  During
the year ended April 30, 2006, the Company acquired a 100% interest in five
mineral claims located in Gila Country, Arizona, USA.  The
consideration for the acquisition was a cash payment of $10,000, which
represented reimbursement of the cost paid by the vendor for the mineral
claims.
  The
claims were re-staked in February, 2008 and a further seven contiguous claims
were added.  In order to keep the claims in good standing, a claim
maintenance fee in the amount of $125 per claim must be paid to the Bureau of
Land Management each year on or before September 1st.
   6.
              CAPITAL
      STOCK
  On March
22, 2006, the Company issued 10,000,000 common shares at $0.00001 per share to
two founding shareholders.
  On March
10, 2008 the Company completed an initial public offering, selling 5,500,000
common shares at a price of $0.10 per share, for total proceeds of $550,000. The
shares were issued on April 4, 2008.
  The
Company has no warrants or other dilutive securities.  On December 2,
2008, the Company filed a registration statement with the SEC on Form S-8 to
register 10,000,000 common shares underlying options available to be issued
through a new nonqualified stock option plan.  No options have been
issued as of March 16, 2009.
   7.
              COMMITMENTS
      AND CONTRACTUAL OBLIGATIONS
  On
September 30, 2008, the Company entered into an agreement with a privately held
company owned by a Director of the Company for consulting services commencing
October, 2008 for three years at the rate of $3,000 per month plus applicable
goods and services tax.
  On
September 30, 2008, the Company entered into an agreement with a significant
shareholder of the Company for consulting services commencing October, 2008 for
three years at the rate of $3,000 per month plus applicable goods and services
tax.
 
 
 
 
 
 
 
 F-10
  -
-
 11
  
 SNOWDON
RESOURCES CORPORATION
 (An
Exploration Stage Company)
  NOTES
TO INTERIM FINANCIAL STATEMENTS
  January
31, 2009
 (Unaudited)
 (Stated
in U.S. Dollars)
  7.
              COMMITMENTS
      AND CONTRACTUAL OBLIGATIONS
(Continued)
  On
September 30, 2008, the Company executed an agreement for office space and
administrative support services with a privately held company controlled by a
significant shareholder, effective July, 2008 for three years at a rate of
$2,500 per month plus applicable goods and services tax.
  The
Company has no significant commitments or contractual obligations with any
parties respecting executive compensation.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 F-11
 
  -
-
 12
  
 ITEM
2.                      MANAGEMENT’S
DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
  This
section of this report includes a number of forward-looking statements that
reflect our current views with respect to future events and financial
performance. Forward-looking statements are often identified by words like:
believe, expect, estimate, anticipate, intend, project and similar expressions,
or words which, by their nature, refer to future events. You should not place
undue certainty on these forward-looking statements, which apply only as of the
date of this report. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially
from historical results or our predictions.
  We are an
exploration stage mining company and currently intend to prospect for uranium on
our one property which now contains twelve claims. We acquired five claims on
April 1, 2006. The claims were re-staked in March, 2008 and increased to a total
of twelve. Each claim measures 600 feet by 1,500 feet and covers 20 acres. Total
land position is 240 acres. All claims are located in Gila County, Arizona. The
next phase of our exploration program on these claims requires approximately
$66,000, of which $15,000 is a refundable bond.
  We are
considering acquiring further uranium claims and during the quarter ended
January 31, 2009 paid $14,960 in order to keep certain additional uranium claims
active in Arizona. We are evaluating whether to acquire the
claims.  If we do, the amounts will be expensed.  If we do
not, the payments are recoverable. A decision on acquiring the additional claims
is expected by the end of our current fiscal year, April 30, 2009.
  We have
no ore bodies and have not yet generated any revenues from our business
operations. Accordingly, we must raise cash from sources other than the sale of
minerals found on the property. We raised $550,000 from a public offering in
March, 2008. Ultimately, our success or failure will be determined by what we
find under the ground. If we find mineralized material and it is economically
feasible to remove the mineralized material, we will attempt to raise additional
money through a subsequent private placement, public offering or through
loans.
  We are
not going to buy or sell any plant or significant equipment during the next
twelve months. We will not buy any equipment until have located a body of ore
and have determined it is economical to extract the ore.
  We do not
intend to hire any employees at this time. All of the work on the property will
be conducted by unaffiliated, independent contractors. Administrative work will
be handled by the director, a part-time bookkeeper, and a financial
consultant.
  During
the period ended January 31, 2009, we paid a total of $187,347 ($220,000 CAD) to
an Alberta corporation as a recoverable advance in connection with discussions
regarding a potential business venture.  $220,000 CAD was to be repaid
on or before December 17, 2008 if we elected to not pursue the business
opportunity.  However, discussions regarding the business opportunity
are continuing and we expect that a decision to proceed or not will be finalized
by the end of our current fiscal year, April 30, 2009. As part of the agreement,
a $1,556 fee ($2,000 CAD) was received from the Alberta corporation on November
21, 2008. As adjusted for the closing exchange rate at January 31, 2009, the US
dollar amount recoverable was $179,168. A foreign exchange loss of $8,179 was
recorded as an expense in the period.
  We have
no warrants or other dilutive securities.  On December 2, 2008, we
filed a registration statement with the SEC on Form S-8 to register 10,000,000
common shares underlying options available to be issued through a new
nonqualified stock option plan.  No options have been issued as of
March 16, 2009.
  -
-
 13
  Milestones
  Phase 1
of our exploration program, consisting of a Radon survey of the claims area was
completed in June, 2008. Four recommended drill sites have been identified, and
will form the first phase of a drilling program.
  The
following are our Phase 2 milestones:
 
 1.
              We
      will submit a Plan of Operation to the Tonto National Forest Service to
      conduct a drill program. Approval can take up to six months. This plan has
      not been completed.
  2.
              If
      our submission is approved, we will proceed with a reverse circulation
      drilling program at the locations recommended in the Radon survey report.
      This program will consist of 4 vertical holes drilled to a depth of 300
      feet. The cost is estimated to be approximately $25,000 and the time
      involved is estimated to be 10
days.
  3.
              As
      the drill holes are completed, a radiometric, down-hole probe will be
      immediately inserted in the holes to measure gamma ray counts. Cost is
      estimated to be approximately
$6,000.
  4.
              Administration
      and supervision by the field geologist during the drilling program and for
      the radiometric measurements is estimated to cost approximately
      $10,000.
  5.
              Reclamation
      work cost is estimated to be approximately $10,000 and time involved is
      estimated to be 4 days. A refundable bond payment for reclamation work
      will need to be posted and is expected to be approximately
      $15,000.
 
 Limited
Operating History; Need for Additional Capital
  There is
limited historical financial information about us upon which to base an
evaluation of our performance. We are an exploration stage corporation and have
not generated any revenues from operations. We cannot guarantee we will be
successful in our business operations. Our business is subject to risks inherent
in the establishment of a new business enterprise, including limited capital
resources, possible delays in the exploration of our properties, and possible
cost overruns due to price and cost increases in services.
  We have
no assurance that future financing will be available to us on acceptable terms.
If financing is not available on satisfactory terms, we may be unable to
continue, develop or expand our operations. Equity financing could result in
additional dilution to existing shareholders.
  Results
of Operations
  From
Inception on March 1, 2006 to January 31, 2009
  We have
no revenue and have incurred a net loss from inception to January 31, 2009 of
$254,306.
  From
inception on March 1, 2006 to the point that funds were available in March, 2008
as a result of our initial public offering, we were funded by loans from
Woodburn Holdings Ltd. a corporation controlled by Robert Baker, a director and
officer, and from West Peak Ventures of Canada Limited, a corporation controlled
by Timothy Brock, one of our shareholders.  These loans were used for
the original mineral claim fee, to re-stake the property, to incorporate us, for
legal and accounting expenses, and office and sundry costs.  The loans
were fully repaid by January 31, 2009 (April 30, 2008: $66,258).
  Cash
Requirements and Liquidity
  As of the
date of this report, we have yet to generate any revenues from our business
operations. We have incurred a deficit of $254,306 from inception to January 31,
2009 and have no revenue. Our future is dependent upon our ability to obtain
ongoing financing and eventually, upon future profitable operations from the
development of our mineral properties.
  As of
January 31, 2009, our cash was in excess of current liabilities by approximately
$94,000. Our total assets were $302,094, of which approximately 33% was cash,
59% was recoverable advances, and 7% was comprised of amounts receivable,
recoverable goods and services tax, and prepaid expenses. Our total liabilities
were $6,300 in accounts payable, which were consulting fees for January,
2009.
  Our
milestones outlined above are expected to cost approximately $66,000, of which
$15,000 is a refundable bond to be posted in connection with reclamation work.
If we acquire the additional claims referred to above, exploration costs will
increase. At this time however, the acquisition of those additional claims is
not certain and we have no estimate of potential exploration costs that might be
incurred if the claims are acquired. Professional fees (legal, accounting,
audit, and regulatory reporting), Consulting, and Office and sundry are expected
to make up our other main expense categories going forward and we forecast those
to annually be in the range of $50,000, $72,000 and $35,000
respectively.
  No
consideration is given here to possible cash requirements if we decide to pursue
the potential business opportunity in connection with which we made recoverable
advances of $179,168. If the opportunity is not pursued, we expect that those
recovered advances, together with existing cash, will cover our cash
requirements to the end of our April 30, 2010 fiscal year. If we do pursue the
potential business opportunity, additional cash will need to be raised either
through debt or equity, to replace those advances as well as to cover additional
cash requirements resulting from the new business opportunity
itself.
  14
 Notable
Balance Sheet changes from April 30, 2008 to January 31, 2009 are as
follows:
 
 -
              Cash
      decreased approximately $430,000 primarily due to expenditures on project
      development of our mineral claims (Radon survey and other claim-related
      costs): $77,595; recoverable advances made in connection with a potential
      business opportunity: $179,168; repayment of short term advances from
      related parties to fund start-up costs: $66,258; professional fees:
      $33,255; consulting fees: $24,000; and rent:
  $17,875.
  -
              Recoverable
      advances of $179,168 (April 30, 2008: $Nil) were made, as described
      above.
  Notable
changes in results of operations between the interim periods presented are as
follows:
  -
              Project
      development expenditures increased from Nil in both 2008 periods presented
      to $3,916 for the three month period in 2009 and $77,595 for the nine
      month period in 2009 due to the Radon survey and other claim-related work
      which commenced in the current
year.
 -
              Other
      year over year increases of note for the three month and nine month
      periods are due to the following:
 Consulting
      fees of $6,000 per month commenced in October
  2008
 Office
      and sundry – rent of $2,500 per month commenced in July 2008; foreign
      exchange loss of $8,179 in the current year on the Recoverable advance;
      and an increase in various filing and reporting
  costs.
 Professional
      fees increased due to the requirements for accounting, auditing and legal
      services typical of an early stage public
  company.
 
 
 ITEM
      3.
              QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK.
 
 We are a
smaller reporting company as defined by Rule 12b-2 of the Securities Exchange
Act of 1934 and are not required to provide the information under this
item.
 
 
 ITEM
      4.
              CONTROLS
      AND PROCEDURES.
 
 Evaluation
of Disclosure Controls and Procedures
  We
maintain “disclosure controls and procedures”, as such term is defined in Rule
13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that
are designed to ensure that information required to be disclosed in our Exchange
Act reports is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission rules and forms, and
that such information is accumulated and communicated to our management,
including our Principal Executive Officer and Principal Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure. We
conducted an evaluation under the supervision and with the participation of our
Principal Executive Officer and Principal Financial Officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as of the end of the period covered by this report pursuant to Rule
13a-15 of the Exchange Act. Based on this Evaluation, our Principal Executive
Officer and Principal Financial Officer concluded that our Disclosure Controls
were effective as of the end of the period covered by this report.
  Changes
in Internal Controls
  We have
also evaluated our internal control for financial reporting, and there have been
no changes in our internal controls or in other factors that could significantly
affect those controls subsequent to the date of their last
evaluation.
  15
 PART
II - OTHER INFORMATION
  ITEM
1A.  RISK FACTORS.
  We are a
smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are
not required to provide the information required under this item.
 
  ITEM
2.    UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF
PROCEEDS
  On June
14, 2007, the Securities and Exchange Commission declared our Form SB-2
Registration Statement effective (File number 333-134943) permitting us to offer
up to 10,000,000 shares of common stock at $0.10 per share.
  On March
10, 2008, we completed our public offering and sold 5,500,000 shares of common
stock at an offering price of $0.10 per share for a total of $550,000. No
underwriter was involved in our public offering.  Since that time, to
January 31, 2009, we have spent the proceeds as follows:
  Radon
      Survey and other claim-related expenses
                  $
                  87,326Working
      Capital
                  
                  65,503Consulting
                  
                  24,000Repayment
      of related parties
                  
                  66,258Offering
      expenses
                  
                  2,963Total
                  $
                  246,050
  The Radon
survey and other claim-related expenses to date are less than the total of the
Geochemical and Geophysical surveys (which the Radon survey replaced) and other
claim-related expenses listed in the Use of Proceeds.
  We
deviated from the Use of Proceeds section in our prospectus in that we spent the
following on items not contemplated in that Use of Proceeds
section:
  Consulting
- $24,000
 Consulting
fees paid for business development, strategic planning, and financing and
management advice from a director and from a major shareholder of the
Company.
  Repayment
of related parties - $66,258
 As noted
above, from the Company’s inception on March 1, 2006 to the point that funds
were available in March, 2008 as a result of our initial public offering, we
were funded by loans from related parties.  Those loans were used for
the original mineral claim fee, to re-stake the property, to incorporate us, for
legal and accounting expenses, and office and sundry costs.
 
  -
-
 16
  ITEM
6.   EXHIBITS.
  The
following documents are included herein:
  Exhibit
      No.
                                          Document
      Description10.1
                                          Corporate
      Support Agreement between Sweetwater Capital Corp. and Snowdon Resources
      Corporation10.2
                                          Consulting
      Agreement between Snowdon Resources Corporation and Timothy B.
      Brock10.3
                                          Consulting
      Agreement between Snowdon Resources Corporation and Woodburn Holdings
      Ltd.31.1
                                          Certification
      of Principal Executive Officer and Principal Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.32.1
                                          Certification
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief
      Executive Officer and Chief Financial Officer.
  -
-
 17
  SIGNATURES
  In
accordance with the requirements of the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized
on this 23rd day of March, 2009.
  SNOWDON RESOURCES
CORPORATION
  BY:
              _
      “R.M. Baker”_______________________________________
 Robert
      Baker, President, Principal Executive Officer, Treasurer, Principal
      Financial Officer, Principal Accounting Officer, and member of the Board
      of Directors
  -
-
 18
  EXHIBIT
INDEX
   Incorporated
      by referenceExhibit
      Number
                                                                                                                                                                                                                                                                                                                        Document
      Description
                                                                                                                                                                                                                                                                                                                        Form
                                                                                                                                                                                                                                                                                                                        Date
                                                                                                                                                                                                                                                                                                                        Number
                                                                                                                                                                                                                                                                                                                        Filed
      herewith3.1
                                                                                                                                                                                                                                                                                                                        Articles
      of Incorporation.
                                                                                                                                                                                                                                                                                                                        SB-2
                                                                                                                                                                                                                                                                                                                        06/06/06
                                                                                                                                                                                                                                                                                                                        3.13.2
                                                                                                                                                                                                                                                                                                                        Bylaws.
                                                                                                                                                                                                                                                                                                                        SB-2
                                                                                                                                                                                                                                                                                                                        06/06/06
                                                                                                                                                                                                                                                                                                                        3.24.1
                                                                                                                                                                                                                                                                                                                        Specimen
      Stock Certificate.
                                                                                                                                                                                                                                                                                                                        SB-2
                                                                                                                                                                                                                                                                                                                        06/06/06
                                                                                                                                                                                                                                                                                                                        4.110.1
                                                                                                                                                                                                                                                                                                                        Corporate
      Support Agreement between Sweetwater Capital Corp. and Snowdon Resources
      Corporation
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        X10.2
                                                                                                                                                                                                                                                                                                                        Consulting
      Agreement between Snowdon Resources Corporation and Timothy B.
      Brock
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        X10.3
                                                                                                                                                                                                                                                                                                                        Consulting
      Agreement between Snowdon Resources Corporation and Woodburn Holdings
      Ltd.
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        X14.1
                                                                                                                                                                                                                                                                                                                        Code
      of Ethics.
                                                                                                                                                                                                                                                                                                                        10-KSB
                                                                                                                                                                                                                                                                                                                        9/14/07
                                                                                                                                                                                                                                                                                                                        14.131.1
                                                                                                                                                                                                                                                                                                                        Certification
      of Principal Executive Officer and Principal Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        X32.1
                                                                                                                                                                                                                                                                                                                        Certification
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief
      Executive Officer and Chief Financial Officer.
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                        X99.1
                                                                                                                                                                                                                                                                                                                        Subscription
      Agreement.
                                                                                                                                                                                                                                                                                                                        SB-2
                                                                                                                                                                                                                                                                                                                        06/06/06
                                                                                                                                                                                                                                                                                                                        99.199.2
                                                                                                                                                                                                                                                                                                                        Audit
      Committee Charter.
                                                                                                                                                                                                                                                                                                                        10-KSB
                                                                                                                                                                                                                                                                                                                        9/14/07
                                                                                                                                                                                                                                                                                                                        99.299.3
                                                                                                                                                                                                                                                                                                                        Disclosure
      Committee Charter.
                                                                                                                                                                                                                                                                                                                        10-KSB
                                                                                                                                                                                                                                                                                                                        9/14/07
                                                                                                                                                                                                                                                                                                                        99.3