Southwestern Resources (SWGGF) 6-K Southwestern Resources Corp. Form 6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of May 2007

Commission File No.:0-30308

SOUTHWESTERN RESOURCES CORP.

Suite #1650, 701 West Georgia Street, Vancouver, British Columbia, Canada, V7Y 1C6

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F       Form 40-F X    

Please note that pursuant to Rule 12g3-2(d)(l), this registrant, being registered under Section 12 is not eligible for exemption under Rule 12g3-2(b).  Accordingly, the following two questions are not relevant to this registrant and are therefore left blank.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes       No ___

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  

EXHIBIT LIST

99.1        First Quarter Report 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SOUTHWESTERN RESOURCES CORP.

“Thomas W. Beattie”

By:

Thomas W. Beattie

Vice President, Corporate Affairs

Date:

June 7, 2007

Form:1	CHANGE IN OUTSTANDING AND RESERVED SECURITIES
WHEN TO FILE:		Within 10 days after the end of each month in which any change to the number of outstanding or reserved listed securities has occurred (including a reduction in such number that results from a cancellation or redemption of securities). If no such change has occurred, a nil report should be filed.
HOW:		For Companies Reporting to the Toronto TSX Office: Via fax to 416-947-4547 or via email to listedissuers@tsx.com
		For Companies Reporting to the Montreal TSX Office: Via fax to 514-788-2421 or via email to listedissuers@tsx.com
QUESTIONS:		For Companies Reporting to the Toronto TSX Office: Email listedissuers@tsx.com or contact the TSX Reporting Agent who is responsible for the Company (based on the first letter of the Company’s name), as follows:
		Company Name	Phone
		A – K	416-947-4538
		L – Z	416-947-4616
		For Companies Reporting to The Montreal TSX Office: Call 514-788-2451
NOTE:		The Company may customize the form to ensure that the charts below contain all applicable information relating to the issuer. Each share compensation arrangement which involves the issuance of treasury securities must have its own chart.
		This Form replaces the “Changes in Capital Structure” form.
		Although the Closing Issued and Outstanding Share Balance figure to be entered on the last line of Section A of this Form will be posted on the TSX website, no other information provided by the Company in this Form will be made available for public view.

CHANGE IN OUTSTANDING AND RESERVED SECURITIES

	ISSUED AND OUTSTANDING SHARE SUMMARY*	# of Shares	Balance
	Issued and Outstanding – Opening Balance*		45,696,536
ADD:	Stock Options Exercised
	Share Purchase Plan
	Dividend Reinvestment Plan
	Exercise Warrants
	Private Placement
	Conversion
	Other Issuance (provide description)
SUBTRACT:	Issuer Bid Purchase(see attachment)		(463,600)
	Redemption
	Other Cancellation (provide description)
	Closing Issued and Outstanding Share Balance*		45,232,936

NOTE:

If any of the Company’s securities of a listed class are held by the Company itself or by any subsidiary of the Company (which securities are herein referred to as "internally-held securities"), such internally-held securities must not be counted as "issued and outstanding."

Internally-held securities may result from the Company not cancelling shares acquired pursuant to an issuer bid or as a consequence of a subsidiary of the Company retaining or obtaining shares of the Company through a merger, amalgamation, arrangement or reorganization involving the Company.

	RESERVED FOR SHARE COPENSATION ARRANGEMENTS	# of Shares	Balance
A.	Share Purchase Plans and / or Agreement(s)		N/A
	NAME OF PROGRAM:
	Opening Reserve for Share Purchase Plan / Agreement
	Additional Shares Listed Pursuant to the Plan (ADD)
	Shares Issued from Treasury (SUBTRACT)
	Closing Reserve for Share Purchase Plan
B.	Dividend Reinvestment Plan (DRIP) - for shareholders	# of Shares	Balance
	NAME OF PROGRAM:		N/A
	Opening Reserve for Dividend Reinvestment Plan
	Additional Shares Listed Pursuant to the Plan (ADD)
	Shares Issued (SUBTRACT)
	Closing Reserve for Dividend Reinvestment Plan

	RESERVED FOR SHARE COMPENSATION ARRANGEMENTS
C.	Stock  Option Plan and / or Agreement(s)
	NAME OF PROGRAM:
	Stock Options Outstanding - Opening Balance	3,761,500

Options Granted: (ADD)

Date of Grant	Name of Optionee	Expiry Date	Exercise Price	# of Options Granted
Mar 12, 2007	John  Paterson	Mar 11, 2012	$8.13	50,000
Mar 12, 2007	Timo  Jauristo	Mar 11, 2012	$8.13	50,000
Mar 12, 2007	James  Hume	Mar 11, 2012	$8.13	25,000
Mar 12, 2007	Bill  McCartney	Mar 11, 2012	$8.13	25,000
Mar 12, 2007	Tom  Beattie	Mar 11, 2012	$8.13	50,000
Mar 12, 2007	Parkash  Athwal	Mar 11, 2012	$8.13	25,000
Mar 12, 2007	George  Plewes	Mar 11, 2012	$8.13	25,000
Mar 12, 2007	Blair  Lockhart	Mar 11, 2012	$8.13	20,000
Mar 12, 2007	Meghan  Brown	Mar 11, 2012	$8.13	15,000
Mar 12, 2007	Bob  Rollings	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	Susy  Horna	Mar 11, 2012	$8.13	20,000
Mar 12, 2007	Alana  Macfarlane	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	Cecilia  Bonatto	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	Shayla  Woodman	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	Giovanni  Susin	Mar 11, 2012	$8.13	50,000
Mar 12, 2007	Michael  Pond	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Peggy  Lu	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Kristen  Pinch	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	Jaclyn  D'Alfonso	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Eun-Kyu  Chang	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Javier  Salas	Mar 11, 2012	$8.13	20,000
Mar 12, 2007	Susan  Bertie	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Julio  Chavez	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Jorge  Rivera	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	David  Gomez	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Eva  Rondon	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Julio  Falco	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Liliana  Salas	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Victor  Diaz	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Carlos  Talledo	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Nilton  Astorga	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Joseph  Salas	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Marco  Dominguez	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Ernesto  Villar	Mar 11, 2012	$8.13	4,000
Mar 12, 2007	Walter  Lavado	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Luis  Gutierrez	Mar 11, 2012	$8.13	4,000
Mar 12, 2007	Victor  Chia	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Nancy  Acuna	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Marco  Negron	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Carlos  Salazar	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Miguel  Martinez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Rodolfo  Villegas	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Gaston  Loyola	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Jesus  Salazar	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Fernando  Alegre	Mar 11, 2012	$8.13	4,000
Mar 12, 2007	Wilder  Poma	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Ever  Duenas	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jorge  Santiago	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jose  Sanchez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Angel  Sinche	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Alfonso  Malaga	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Oscar  Barrera	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Johny  Gomez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Marcos  Huaynate	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jesus  Loayza	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Raul Carlos  Vasquez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jose  Ibanez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Larry  Manrique	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Victor  Chavez	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Neftali  Munoz	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Jose  Quijano	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Fredy  Montalvo	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Miguel  Mesias	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jaime  Chavez	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Julio Cesar  Collado	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Carla  Palomino	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Julio  Adco	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Claudia  Gonzales	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Tan  Shundao	Mar 11, 2012	$8.13	15,000
Mar 12, 2007	Shen  Chenghegn	Mar 11, 2012	$8.13	10,000
Mar 12, 2007	John  Zhang	Mar 11, 2012	$8.13	20,000
Mar 12, 2007	Juwei  Zhang	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Liemei  Feng	Mar 11, 2012	$8.13	7,500
Mar 12, 2007	Hongsheng  Liu	Mar 11, 2012	$8.13	8,000
Mar 12, 2007	Hargxiao  Gao	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	Jenna  Zhou	Mar 11, 2012	$8.13	3,000
Mar 12, 2007	Grace  Han	Mar 11, 2012	$8.13	5,000
Mar 12, 2007	May  He	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Joyce  Zhang	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	Vera  Wu	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jun  Jiang	Mar 11, 2012	$8.13	1,000
Mar 12, 2007	Jannet  Rivera	Mar 11, 2012	$8.13	10,000
Mar 28, 2007	Esther  Lee	Mar 27, 2012	$8.03	15,000
Mar 12, 2007	Jorge  Villegas	Mar 11, 2012	$8.13	2,000
Mar 12, 2007	David  Black	Mar 11, 2012	$8.13	25,000
Mar 12, 2007	Nestor  Vidal	Mar 11, 2012	$8.13	1,000
			SUBTOTAL	671,500

Options Exercised: (SUBTRACT) Shares issued on exercise must also be subtracted in the table entitled “Shares Reserved” below

Date of Exercise	Name of Optionee	Date of Grant	Exercise Price	Number
			SUBTOTAL	0

Share Appreciation Rights or Market Growth Feature (“SAR”) in tandem with Stock Options.

Date of Grant	Name of Optionee	Expiry Date	Exercise Price	# of Options Granted
			SUBTOTAL	0

*Shares may, or may not be issued however "Shares Reserved" (for Stock Option Plan) may require a deduction in accordance with TSX acceptance of the Plan. Please ensure all applicable changes are noted.

Options Cancelled/Terminated: (SUBTRACT) If an option is cancelled prior to its natural expiry date, for reasons other than termination of employment or natural expiry, the entry should be noted with a * and an explanation provided below.

Date of Canc. / Term	Name of Optionee	Date of Grant	Expiry Date	Exercise Price	Number
Mar 30, 2007	Parkash  Athwal	Mar 25, 2004	Mar 24, 2009	$18.38	80,000
Mar 30, 2007	Giovanni  Susin	Mar 25, 2004	Mar 24, 2009	$18.38	40,000
Mar 30, 2007	George  Plewes	Mar 25, 2004	Mar 24, 2009	$18.38	400,000
Mar 30, 2007	John  Paterson	Mar 25, 2004	Mar 24, 2009	$18.38	200,000
Mar 30, 2007	Dan  Innes	Mar 25, 2004	Mar 24, 2009	$18.38	200,000
Mar 30, 2007	David  Black	Mar 25, 2004	Mar 24, 2009	$18.38	50,000
Mar 30, 2007	Tom  Beattie	Mar 25, 2004	Mar 24, 2009	$18.38	60,000
				SUBTOTAL	1,030,000
Stock Option Outstanding – Post Plan – Closing Balance Inducement – S. Myers Inducement – A. Losada-Calderon Inducement – T. Jauristo				3,403,000 200,000 200,000 300,000 4,103,000

	RESERVED FOR SHARE COMPENSATION ARRANGEMENTS
D.	Shares Reserved (from Stock Option Plan)
	NAME OF PROGRAM:    Stock Option Plan	# of Shares	Balance
	Opening Share Reserve Balance at beginning of period		3,973,617*
	Additional shares Listed Pursuant to the Plan (ADD)
	Stock Options Exercised (SUBTRACT)
	Stock Appreciation Rights (SUBTRACT)
	Closing Share Reserve Balance at end of period		3,973,617*

*  Does Not include any of the options issued as Inducements.

	RESERVED BUT NOT YET GRANTED(AS PER COMPANY)
D.	Shares Reserved (from Stock Option Plan)
	NAME OF PROGRAM:    Stock Option Plan	# of Shares	Balance
	Opening Share Reserve Balance at beginning of period		673,117
	Additional shares Listed Pursuant to the Plan (ADD)
	Stock Options Granted (SUBTRACT)		(671,500)
	Stock Appreciation Rights (SUBTRACT)
	Closing Share Reserve Balance at end of period		1,617*

*  Does Not Include any of the options issued as Inducements.

All information reported in this Form is for the month ofMarch, 2007.

Filed on behalf of the Company by:

(please enter name and direct phone or email)

NAME	Susy Horna
PHONE / EMAIL	604-669-2525 / susyh@swgold.com
DATE	April 10, 2007

To:	Advisory Affairs Toronto Stock Exchange 130 King Street West Toronto, Ontario  M5X 1J2			Fax: Telephone: Email:	416-947-4547 416-947-4616 advisoryaffairs@tsx.ca
Sent by:		Southwestern Resources Corp.	Susy H. Horna			604 6692525
		Company Name	Contact Name:			Telephone #:

RE:  NORMAL COURSE ISSUER BID MONTHLY REPORT

Transactions for		May 2007	1,205,500
		Month	Total to date for this NCIB
Bid Details:
Listed Company:	Southwestern Resources Corp.
Duration of Bid:	One year
Class of Shares	Common Shares

Date of Purchase trade date)	# of Shares Purchased	Average Price
May 1, 2007	10,000	$7.46
May 2, 2007	15,000	$7.45
May 3, 2007	27,000	$7.47
May 8, 2007	8,300	$7.35
May 9, 2007	15,000	$7.35
May 10, 2007	20,000	$7.29
May 11, 2007	5,000	$7.34
May 16, 2007	70,000	$6.73
May 18, 2007	2,400	$6.79
May 31, 2007	300	$7.23
Total for Month:	173,000

Notes:

1.

Please use separate form for each class of shares

2.

Please use separate form for previously unreported or misreported purchases, if any.