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| For Quarter      Ended | Commission      file number |
|-----------------------------|-----------------------------|
| March      31, 2008         | 0-20217                     |
|                        |                        |

| Colorado                             | 6682741                  |
|--------------------------------------|--------------------------|
| (State      or other jurisdiction of | (I.R.S.      Employer    |
| Incorporation      or organization)  | identification      No.) |

| 12801      Worldgate Drive, Suite 500         |            |
|-----------------------------------------------|-----------------|
| Herndon,      Virginia                        | 20170           |
| (Address      of principal executive offices) | (Zip      Code) |

| Title      of Class | March      31, 2008 |
|---------------------|---------------------|
|                |                |
| Common              | 90,250,877          |

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|                                        | Page                                                     |
|---------------------------------------------|----------------------------------------------------------|
| PART      I.  FINANCIAL INFORMATION    |                                                     |
|                                        |                                                     |   |
|    Item      1               | Financial      Statements                                |   |
|                                        |                                                     |   |
|    Item      2               | Balance      Sheets                                      | 4 |
|                                        |                                                     |   |
|    Item      3               | Statements      of Income and Retained  Earnings    | 5 |
|                                        |                                                     |   |
|    Item      4               | Notes      to Financial Statements                       | 6 |
|                                        |                                                     |   |
|                                        |                                                     |   |
|  PART      II.  OTHER INFORMATION |                                                     |
|                                        |                                                     |   |
|   Item      1                     | Legal      Proceedings                                   | 7 |
|                                        |                                                     |   |
|   Item      2                     | Changes      in Securities                               | 7 |
|                                        |                                                     |   |
|   Item      3                     | Defaults      upon Senior Securities                     | 7 |
|                                        |                                                     |   |
|   Item      4                     | Submission      of Matters to a Vote of Security Holders | 7 |
|                                        |                                                     |   |
|   Item      5                     | Other      Information                                   | 7 |
|                                        |                                                     |   |
|   Item      6                     | Exhibits                                                 |   |
|                                        |                                                     |   |
|   Item      7                     | Name      Change                                         | 7 |
|                                        |                                                     |   |
|   Item      8                     | Business      Plan                                       | 8 |
|                                        |                                                     |   |
|   Item      9                     | Market      Price of Common Stock                        | 8-9 |
|                                        |                                                     |   |
|                                        |                                                     |   |

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|                                                                                                                                                                 |   | 2007                        |      |   | 2006   |         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|-----------|--------|--------|--------------|
|                                                                                                                                                                 |   | (Dollars      in Thousands) |
|                                                                                                                                                                 |   |                        |      |   |   |         |
| ASSETS                                                                                                                                                               |   |                        |      |   |   |         |
|                                                                                                                                                                 |   |                        |      |   |   |         |
| Cash                                                                                                                                                                 |   | $                           | 4,449     |   |   |         |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Gold      in storage                                                                                                                                                 |   |                        |      |   | $      |  27,317 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Cash      equivalents                                                                                                                                                |   | $                           | 1,122,301 |   |   |         |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Accounts      Receivable-net                                                                                                                                         |   | $                           | 20,325    |   |   |         |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Deferred      charges and other assets                                                                                                                               |   |                        |      |   |   |         |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Deferred      mining exploration costs and                                                                                                                           |   |                        |      |   |   |         |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |
| Deferred      operating expenses                                                                                                                                     |   | $                           | 4,813     |   |   | $            | 4,813 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Property      and equipment-net                                                                                                                                      |   | $                           | 17        |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Proven      Reserves                                                                                                                                                 |   |                        |      |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Gold-net      of estimated mining costs                                                                                                                              |   | $                           | 1,171,000 |   |   | $            | 2,032,380 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Silver                                                                                                                                                               |   | $                           | 91,200    |   |   | $            | 112,955 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Deferred      Taxes                                                                                                                                                  |   | $                           | 43        |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Unamortized      exchange loss                                                                                                                                       |   | $                           | 504       |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Total      assets                                                                                                                                                    |   | $                           | 2,414,653 |   |   | $            | 2,177,465 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| LIABILITIES      AND STOCKHOLDER’S EQUITY                                                                                                                      |   |                        |      |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Loans      payable                                                                                                                                                   |   | $                           | 23,761    |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Accrued      expenses                                                                                                                                                |   | $                           | 9,955     |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Other      payables                                                                                                                                                  |   | $                           | 748       |   |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Common      Stock, Class “A”  $0.003 par value Authorized      shares-500,000,000 Issued      and outstanding-90,028,877 in      2006 and 2005 |   | $                           | 271       |   |   | $            | 271 |   |
| Common      Stock, Class “B” no par value, With      a stated value of $1.00 par share. Authorized      shares-50,000, in      2006 and 2005             |   | $                           | 5,266     |   |   | $            | 5,266 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Capital      in excess of par                                                                                                                                        |   | $                           | 2,394,036 |   |   | $            | 2,171,928 |   |
| Retained      Earnings                                                                                                                                               |   | $                           | (19,384   | )      |   |         |   |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |
| Total      Liabilities and Stockholders      equity                                                                                                                  |   | $                           | 2,414,653 |   |   | $            | 2,177,465 |   |
|                                                                                                                                                                 |   |                        |      |   |   |         |   |   |

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|                                     |   | 2007                        |    |
|------------------------------------------|--------|-----------------------------|---------|
|                                     |   | (Dollars      in Thousands) |    |
|                                     |   |                        |    |
| Operating      Revenues                  |   | $                           | 0       |   |
|                                     |   |                        |    |   |
| Operating      Expenses                  |   | $                           | 1,711   |   |
|                                     |   |                        |    |   |
| General      and administrative expenses |   | $                           | 2,772   |   |
| Operating      Loss                      |   | $                           | (4,483  | ) |
| Loss      on exchange                    |   | $                           | (5,016  | ) |
| Net      Loss                            |   | $                           | (9,499  | ) |
|                                     |   |                        |    |   |
| Retained      Earnings, beginning        |   | $                           | (9,885  | ) |
|                                     |   |                        |    |   |
| Retained      Earnings, ending           |   | $                           | (19,384 | ) |

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|                                                                                                                                                                                                                                                                                                                                                                       |   | (In      Thousands of      Dollars) |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                       |   |                                |   |
| Deferred      Mining Exploration Costs                                                                                                                                                                                                                                                                                                                                     |   | $                                   | 3,253  |   |
| Deferred      Mining exploration costs were incurred in prior      years with the amounts being estimated based on      the prevailing costs of mining exploration at that time      due to the absence of supporting documentation on      April 13, 2006, the company issued shares of stocks valued      at $3,252,669 to pay for its obligations Arising      thereto. |   |                                |   |   |
| Deferred      Operating Expenses                                                                                                                                                                                                                                                                                                                                           |   |                                |   |   |
| Related      to additional sale of Common “A” shares                                                                                                                                                                                                                                                                                                           |   | $                                   | 1,479  |   |
| Prior      years expenses                                                                                                                                                                                                                                                                                                                                                  |   |                                | 81     |   |
| Total      Deferred Charges and Other Assets                                                                                                                                                                                                                                                                                                                               |   | $                                   | 4,813  |   |

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|                       | MINERALS      MINING CORPORATION |                                               |
|----------------------------|----------------------------------|----------------------------------------------------|
|                       |                             |                                               |   |
| DATED:      March 31, 2008 | By:                              | /s/ FERNANDO      JUAN                        |   |
|                       |                             | Fernando      Juan                                 |   |
|                       |                             | Chief      Executive Officer, Director and Trustee |   |
|                       |                             |                                               |   |

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