CleanPath Resources 10QSB/A 2007 Q3 Quarterly report (small business) (amended)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB-A

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the quarterly period ended July 31 2007

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from ________ to ________.

Commission File No. 000-52259

CANAM URANIUM CORP.

(Exact name of registrant as specified in its charter)

Nevada		98 - 0207554
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

Crown Plaza Building

114 W. Magnolia Street, Suite 424

Bellingham, Washington 98225

(Address of principal executive offices, zip code)

(206) 274-7598

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year,

if changed since last report)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 past 90 days. Yes x No o

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act). Yes o No x

As of July 31, 2007 there were 89,530,000 shares of the Registrant’s common stock, $0.001 par value per share, outstanding, and as of September 14, 2007 there were 79,530,000 shares of the Registrant’s common stock, $0.001 par value per share, outstanding, and 100,000 shares of the Company’s Series “B” no par value preferred stock outstanding.

Transitional Small Business Disclosure Format (check one): o Yes x No

CANAM URANIUM CORP.

QUARTERLY REPORT ON FORM 10-QSB

FOR THE PERIOD ENDED JULY 31 2007

INDEX

Index			Page

Part I.	Financial Information
	Item 1.	Financial Statements

		Interim Balance Sheet as of July 31, 2007 (unaudited)	4

		Interim Statements of Operations - for the three months and nine months ended July 31, 2007 and 2006 (unaudited).	5

		Interim Statement of Stockholder's Equity (unaudited)	6

		Interim Statements of Cash Flows for the nine months ended July 31, 2007 and 2006 (unaudited)	8

		Notes to Unaudited Interim Financial Statements	9

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14

	Item 3.	Controls and Procedures	18

Part II.	Other Information
	Item 1.	Legal Proceedings	18
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
	Item 3.	Defaults upon Senior Securities	18
	Item 4.	Submission of Matters to a Vote of Security Holders	18
	Item 5.	Other Information	19
	Item 6.	Exhibits	19

Signatures			19

Certifications

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Form 10-QSB of Canam Uranium Corp. (the “Company” or “Canam”) contains “forward-looking statements.” In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements include, among other things, the Company’s ability to (i) develop and sell minerals, (ii) raise sufficient funds to maintain its permits and licenses to explore for minerals and otherwise continue its operations, (iii) the market price for certain minerals for which the Company may explore and develop, (iv) general economic, market or business conditions, and (v) other factors discussed in Canam's filings with the Securities and Exchange Commission (“SEC”).

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

CANAM URANIUM CORP.

(An Exploration Stage Company)

INTERIM FINANCIAL STATEMENTS

July 31, 2007

(unaudited)

BALANCE SHEETS	4

INTERIM STATEMENTS OF OPERATIONS	5

INTERIM STATEMENT OF STOCKHOLDERS’ EQUITY	6

INTERIM STATEMENTS OF CASH FLOWS	8

NOTES TO INTERIM FINANCIAL STATEMENTS	9

CANAM URANIUM CORP.

(An Exploration Stage Company)

BALANCE SHEETS

	July 31 2007			October 31 2006
	Unaudited

CURRENT ASSETS
Cash	$	11,216		$	306,921
Prepaid Expenses		576,435			2,500

TOTAL CURRENT ASSETS		587,651			309,421

FIXED ASSETS (net of depreciation)		4,906			840
RESOURCE PROPERTY ACQUISITION COSTS		1,531,375			-

TOTAL ASSETS	$	2,123,932		$	310,261

*LIABILITIES AND STOCKHOLDERS’ DEFICIENCY*

CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	202,258		$	10,000
Due to related party (Note 5)		5,720			5,720
Note payable (Note 7)		350,000			50,000
Accrued interest		10,000			-

		567,978			65,720
Convertible note payable		370,000			-
Discount on convertible note payable		(331,063	)		-
Derivative contract liability		340,550			-

		947,465			65,720

GOING CONCERN (Note 1)

STOCKHOLDERS’ DEFICIENCY (Note 4)
Preferred Stock 25,000,000 authorized with no par value Common stock, 200,000,000 shares authorized with $0.001 par value
Issued and outstanding
89,530,000 common shares (October 31, 2006 - 80,990,000)		89,530			80,990
Additional paid-in-capital		5,404,482			404,410
Share Subscriptions (receivable)		(178,500	)		152,347
Deficit accumulated during exploration stage		(4,139,045	)		(393,206	)

		1,176,467			244,541

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	2,123,932		$	310,261

___________________________ Director

The accompanying notes are an integral part of these Interim financial statements.

CANAM URANIUM CORP

(An Exploration Stage Company)

INTERIM STATEMENTS OF OPERATIONS

(unaudited)

	For the three month period ended July 31 2007			For the three month period ended July 31 2006			For the nine month period ended July 31 2007			RESTATED For the nine month period ended July 31 2006			RESTATED June 7, 2004 (inception) to July 31 2007
	$			$			$			$			$
REVENUE
Interest revenue		-			-			1,653			-			1,653
GENERAL AND ADMINISTRATIVE EXPENSES
Loss on derivative		1,000			-			2,000			-			2,000
Derivative financing fees and accretion		-			-			9,488			-			9,488
Debenture financing fees		-			-			54,025			-			54,025
Debenture option		-			-			302,673			-			302,673
Stock option benefit		-			-			1,711,333			-			1,711,333
Mining property exploration		352,248			-			474,698			-			474,698
Office and general		28,257			48			92,772			945			113,957
Publication and promotion		24,740			-			75,895			-			75,895
Professional fees		568,060			18,495			760,361			24,095			889,120
Interest expense		10,000			-			40,000			-			40,000
Financing fees		79,500			-			212,000			-			212,000
Regulatory and filing fees		2,730			1,817			7,796			2,559			15,009
Director's fees		-			-			49,400			-			240,500

		1,066,535			20,360			3,792,441			27,599			4,140,698
NET LOSS FOR THE PERIOD		(1,066,535	)		(20,360	)		(3,790,788	)		(27,599	)		(4,139,045	)



BASIC AND DILUTED LOSS PER COMMON SHARE	$	(0.01	)	$	(0.00	)	$	(0.04	)	$	(0.00	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		87,820,000			9,668,478			87,660,000			9,251,795

The accompanying notes are an integral part of these Interim financial statements.

CANAM URANIUM CORP.

(An Exploration Stage Company)

INTERIM STATEMENT OF STOCKHOLDERS’ EQUITY

FOR THE PERIOD FROM JUNE 7, 2004 (INCEPTION) TO JULY 31, 2007

(unaudited)

	Common Stock				Additional			Deficit Accumulated During
	Number of Shares		Amount		Paid in Capital			Exploration Stage			Share Subscriptions		Stockholders’ Equity
			$		$			$			$		$
Balance, June 7, 2004		-		-		-			-			-		-

Common stock issued for cash at $0.000125 per share, to the sole director and president September, 2004		56,000,000		56,000		(49,000	)		-			-		7,000

Common stock issued for cash at $0.0009375 per share on September 23, 2004		14,080,000		14,080		(880	)		-			-		13,200

Common stock issued for cash at $0.0009375 per share on October 15, 2004		2,240,000		2,240		(140	)		-			-		2,100

Net loss for the period June 7, 2004 (inception) to October 31, 2004		-		-		-			(6,194	)		-		(6,194	)

Balance, October 31, 2004		72,320,000		72,320		(50,020	)		(6,194	)		-		16,106

Net loss for the year ended October 31, 2005		-		-		-			(17,020	)		-		(17,020	)

Balance, October 31, 2005		72,320,000		72,320		(50,020	)		(23,214	)		-		(914	)
Common stock issued for cash at $0.00625 per share May 1 2006		5,360,000		5,360		28,140			-			-		33,500

Common stock issued for cash at $0.10 per share, September 5 and September 7, 2006, net of stock offering costs		700,000		700		62,300			-			-		63,000

Common stock issued for cash at $0.25 per share and $0.10 per share, October 13, 2006 net of stock offering costs		1,050,000		1,050		174,450			-			-		175,500

Common stock issued for services, October 13, 2006		1,560,000		1,560		189,540			-			-		191,100
Subscriptions received in advance		-		-		-			-			152,347		152,347
Net loss for the year ended October 31, 2006		-		-		-			(369,992	)		-		(369,992	)

Balance, October 31, 2006		80,990,000		80,990		404,410			(393,206	)		152,347		244,541

The accompanying notes are an integral part of these Interim financial statements.

CANAM URANIUM CORP.

(An Exploration Stage Company)

INTERIM STATEMENT OF STOCKHOLDERS’ EQUITY (CONTINUED)

FOR THE PERIOD FROM JUNE 7, 2004 (INCEPTION) TO JULY 31, 2007

(unaudited)

	Common Stock					Additional		Deficit Accumulated During
	Number of Shares			Amount		Paid in Capital		Exploration Stage			Share Subscriptions			Stockholders’ Equity
Balance, October 31, 2006		80,990,000			80,990		404,410		(393,206	)		152,347			244,541

Common stock issued for cash at $0.10 per share on November 15 2006		1,725,000			1,725		156,122		-			(152,347	)		5,500

Common stock issued for properties November 2006 (Valued at $0.10 per share)		1,475,000	��		1,475		146,025		-			-			147,500

Subscriptions received in advance		-			-		-		-			48,750			48,750

Common stock issued for cash: at $0.10 or $0.25 per share		810,000			810		153,549		-			(48,750	)		105,609

Options exercised at $1.00 per share April 16, 2007		600,000			600		599,400		-			-			600,000

Common stock issued for services valued at $0.19 per share, April 2007		260,000			260		49,140		-			-			49,400

Common stock issued for services valued at $0.53 per share April 2007		250,000			250		132,250		-			-			132,500

Debenture option		-			-		302,673		-			-			302,673

Stock option benefit		-			-		1,711,333		-			-			1,711,333

Options exercised at $1.19 per share May 18 to July 10, 2007		150,000			150		178,350		-			-			178,500
Common stock issued for finance fees May 14, 2007		150,000			150		79,350		-			-			79,500
Common stock issued for services at $0.50 per share June 15, 2007		600,000			600		299,400		-			-			300,000
Common stock issued for properties June 15, 2007		2,020,000			2,020		1,007,980		-			-			1,010,000
Common stock issued for services July 26, 2007		500,000			500		184,500		-			-			185,000

Shares subscribed May 18 to July 10, 2007		-			-		-		-			(178,500	)		(178,500	)
Reallocate prior period resource property acquisition costs		-			-		-		44,949			-			44,949
Net loss for the period ending July 31, 2007		-			-		-		(3,790,788	)		-			(3,790,788	)

Balance, July 31, 2007		89,530,000			89,530		5,404,482		(4,139,045	)		(178,500	)		1,176,467

The accompanying notes are an integral part of these Interim financial statements

CANAM URANIUM CORP.

(An Exploration Stage Company)

INTERIM STATEMENTS OF CASH FLOWS

(unaudited)

	For the nine month period ended July 31, 2007			For the nine month period ended July 31, 2006			June 7, 2004 (inception) to July 31, 2007
	$			$			$

CASH FLOWS USED IN OPERATING ACTIVITIES
Net loss for the period		(3,790,788	)		(27,599	)		(4,139,045	)
Adjustment to reconcile net loss to net cash from operating activities:
Non cash expenses:
- loss on derivative		2,000			-			2,000
- derivative financing fees and accretion		9,488			-			9,488
- stock option benefit		1,711,333			-			1,711,333
- debenture option		302,673			-			302,673
- depreciation		405			180			765
- accrued interest reversal		(2,001	)		-			(2,001	)
- stock issued for director's fees - stock issued for services		49,400 746,400			- -			240,500 746,400
- stock issued for mining claims		1,157,500			-			1,157,500
Accounts payable and accrued liabilities		152,858			(1,100	)		162,858
Prepaid expenses		(573,935	)		-			(576,435	)

NET CASH USED IN OPERATING ACTIVITIES		(234,667	)		(28,519	)		(383,964	)

CASH FLOWS USED IN INVESTING ACTIVITY
Acquisition of fixed assets		(4,471	)		-			(5,671	)
Acquisition of resource properties		(1,486,426	)		(3,485	)		(1,531,375	)

NET CASH FLOWS USED IN INVESTING ACTIVITY		(1,490,897	)		(3,485	)		(1,537,046	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds on sale of common stock		759,859			33,500			1,206,506
Note payable		300,000			-			350,000
Repayment of notes payable		(300,000	)		-			(300,000	)
Notes payable and convertible notes payable		670,000			-			670,000
Related party advances		-			-			5,720

NET CASH PROVIDED BY FINANCING ACTIVITIES		1,429,859			33,500			1,932,226

INCREASE (DECREASE) IN CASH		(295,705	)		1,496			11,216

CASH, BEGINNING OF PERIOD		306,921			3,506			-

CASH, END OF PERIOD		11,216			5,002			11,216

SUPPLEMENTAL CASH FLOW INFORMATION:	$		$		$
Cash paid for interest		-		-		-
Cash paid for income taxes		-		-		-

The accompanying notes are an integral part of these Interim financial statements.

CANAM URANIUM CORP.

(An Exploration Stage Company)

NOTES TO INTERIM FINANCIAL STATEMENTS

July 31, 2007

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

Canam Uranium Corp. (the “Company”) is an exploration stage company that was organized to engage in the business of natural resource exploration in the United States and Canada. The Company was incorporated on June 7, 2004 in the State of Nevada and has an October 31 fiscal year end.

Going concern

The Company commenced operations on June 7, 2004 and has not realized any revenues since inception. The Company has a deficit accumulated to the period ended July 31, 2007 in the amount of $4,139,045 and has expended $1,531,375 for the acquisition of resource properties. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company is funding its initial operations by way of Private Placements. As of July 31, 2007 the Company had issued 89,530,000 shares of common stock in the capital of the Company and had received cash of $1,206,506.

Unaudited Interim Financial Statements

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-QSB of Regulation S-B. They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended October 31, 2006 included in the Company’s amended Form 10KSB filed with the Securities and Exchange Commission. The interim unaudited consolidated financial statements should be read in conjunction with those financial statements included in the Form 10KSB. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended July 31, 2007 are not necessarily indicative of the results that may be expected for the year ending October 31, 2007.

The organization and business of the Company, significant accounting policies followed by the Company and other information are contained in the notes to the Company’s audited financial statements filed as part of the Company’s Form 10-KSB for the year ended October 31, 2006.

Natural resource properties

Natural resource properties consist of exploration and mining concessions, options and contracts. Exploration costs are expensed as incurred until an independent feasibility study has determined that the property is capable of economic commercial production. Property acquisition expenditures are shown as assets and recorded at cost, less any write downs for declines in value.

Use of Estimates

The preparation of financial statements in conformity with 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 period. Actual results could differ from those estimates.

NOTE 2 – FIXED ASSETS

Fixed assets consist of the following:

	July 31		October 31
	2007		2006
Computer equipment	$	1,200	$	1,200
Furniture and fixtures		4,471		-
Total		5,671		1,200
Less accumulated depreciation		765		360
Net book value	$	4,906	$	840

Computer equipment is amortized at 20% per annum on a straight line basis.

Furniture and equipment comprises decorative artwork for the Company offices, and as such maintains its value over time. Thus no depreciation has been recorded on this artwork.

NOTE 3 - NATURAL RESOURCE PROPERTIES and RELATED EXPLORATION DEVELOPMENT

The Company acquired through its previous President, an option to purchase a 100% undivided interest in two mining claims in the Lillooet Mining Division of British Columbia, Canada. The claims are named TIM and PUN and comprise of 36 claims.

Under the claim agreement (amended September 8, 2005 and March 31, 2006), annual payments of $25,000 commencing January 1, 2008 were required as long as an interest is held in the claims, and minimum exploration expenditures of $15,000 and $40,000 were required on or before October 31, 2006 and 2007.

The Board of Directors of the Company, after lengthy analysis prior to and during a board meeting of October 2, 2006 elected to refocus the Company's exploration activity into the area of uranium exploration, as they felt that there was better prospect for shareholder returns. Consequently, they chose not to renew these claims and allowed them to lapse.

On October 20, 2006, the Company entered into an agreement with El Nino Ventures Inc. to acquire a 60% option on the Bancroft properties in the Province of Ontario, Canada totaling 3,800 hectares over numerous individual claims. The option required the payment of CDN$40,000 on closing and subsequent payments of CDN$60,000 on November 15 2006, annual payments of CDN$20,000 as well as the payment of CDN$1,000,000 over a two year period on exploration activities. In addition, the Company has issued El Nino Ventures Inc. 275,000 post split shares of its stock, restricted under Rule 144 of the Securities Act of 1933. In order to earn an 80% option, the Company is required to issue a further 300,000 restricted post split shares and complete a further CDN$1,500,000 in exploration expenditures in the third and fourth year after the execution of the agreement. The properties are also subject to NSR payments of 3% in the event of mineral production, and the Company may purchase 1% of the NSR for CDN$250,000, or total purchase of the NSR for CDN$750,000.

On November 16, 2006, the company entered into an Agreement with Geomode Mineral Exploration Ltd. to acquire a 100% undivided interest in two mineral claims owned by Geomode known as the BALD and OYAMA claims in the Province of British Columbia, Canada, totalling 1,037 hectares. They are collectively known as the OK Lake claims. In order to earn its 100% interest, the Company is required to pay $25,000 on signing of the Agreement, issue 500,000 of its common shares (restricted) to the owner of the claims, and carry out exploration expenditures of $50,000, or issue 250,000 restricted shares on or before November 30, 2007, and exploration expenditures of $200,000 or 500,000 common shares (restricted) on or before November 30, 2008. The properties are subject to a 1% NSR which may be purchased by the Company for $1,000,000.

On November 29, 2006, the Company entered into an Agreement with Northwind Resources Ltd. to acquire a 100% interest in 11 mineral property titles, collectively known as the Wheeler-Beckett Claims in the Athabasca basin region of the Province of Saskatchewan, Canada, totalling 51,100 hectares in size. In order to earn its 100% interest, the Company is required to make cash payments of CDN$150,000 on Agreement execution date, CDN$100,000 on the anniversary of the Agreement execution date. In addition, the Company is required to issue 500,000 of its common shares (restricted) on execution date, and an additional 500,000 restricted shares on the anniversary date of the Agreement's execution. The property is subject to a 2.5 % NSR of which 2.0% may be purchased by the Company for CDN$1,000,000.

The Company made advances to El Nino for the spring drilling program on the Bancroft properties of CDN$75,000 in January, 2007, CDN$65,000 in March, 2007, CDN$50,000 in May, 2007 and CDN$150,000 in June, 2007. As of July 31, 2007, the Company owes an additional CDN$ 162,325 to El Nino to complete the year’s outstanding obligations. In addition, the Company paid a total of $15,730 in February and April 2007 for the extensive preliminary mapping of the Wheeler Beckett claims, and placed CDN$570,000 in escrow on May 1, 2007 to cover the expense of the planned aerial electromagnetic survey of the Wheeler-Beckett claims to be performed in August, 2007..

On the 17^th of May, 2007, the Company entered into a Property Option Agreement with Geomode Mineral Exploration Ltd. to acquire an undivided 100% interest in a mineral claim known as the Don McCarthy claim, located in the Athabasca basin area of the Province of Saskatchewan, Canada. The Company can acquire the 100% interest by making a cash payment of $50,000 and issuing 2,000,000 restricted common shares of the company upon signing of the agreement, plus an additional payment of $50,000 on or before December 31, 2007, as well as the payment of $100,000 and 500,000 common shares on the first anniversary of the agreement, and $200,000 and 500,000 common shares on the second anniversary of the Agreement. At the Company’s discretion, it can accelerate any and all payments contemplated under this agreement. The owner of the property has reserved a 1% Net Smelter Royalty (“NSR”) , which can be acquired by the Company for a payment of $3,000,000 less any royalty payments paid. On July 18,2007, the Company placed CDN$64,350 in escrow for the planned aerial electromagnetic survey of the Don McCarthy claims, to be performed in August, 2007.

On June 1, 2007, the Company completed an agreement to acquire a 100% interest in the Reilly Uranium Property in the Sault St. Marie district of Ontario Canada from Rubicon Minerals Corp. The terms of the transaction include the option to purchase 100% of the property by the staged issuance of 80,000 CanAm common shares and $110,000 in cash payments in Canadian Dollars. The underlying vendor retains a 2% NSR royalty of which 1% can be bought back by the Company for $1 million and the first right of refusal for the remaining 1%. The payment schedule is as follows: an ``Initial Payment'' of $30,000 on signing of this Option Agreement, an additional $10,000 on the first anniversary date of the Option Agreement, an additional $15,000 on the second anniversary date of the Option Agreement; an additional $20,000 on the third anniversary date of the Option Agreement; and, a final payment of an additional $35,000 on the fourth anniversary date of the Option Agreement. Issue to the Owners a total of 80,000 common 144 shares in the capital stock of CanAm for the grant of the Mineral Claims according to the following schedule, 20,000 common shares to the Owner within 10 days of the approval of the terms of this Option Agreement; 20,000 additional common shares on the first anniversary date of the Option Agreement; 20,000 additional common shares on the second anniversary date of the Option Agreement; and, 20,000 additional common on the third anniversary date of the Option Agreement.

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share, and 25,000,000 preferred shares with no par value.

On July 10, 2004 the Company issued 7,000,000 common shares at $0.001 per share to the sole director and President of the Company for net cash proceeds of $7,000 to the Company.

On September 23, 2004 the Company issued 1,760,000 common shares to several investors at $0.0075 per share for net cash proceeds of $13,200 to the Company.

On October 15, 2004 the Company issued 280,000 shares to one investor at $0.0075 per share for net cash proceeds of $2,100 to the Company.

On May 1, 2006 and May 15, 2006 the Company issued 460,000 and 210,000 units at $0.05 per share purchase unit for net proceeds to the Company of $23,000 and $10,500. The 670,000 units are comprised of 670,000 common shares in capital of the Company.

On September 5 and September 7, 2006 the Company issued 700,000 common shares to several investors at $0.10 per share for net cash proceeds of $63,000 to the Company.

On October 13, 2006 the Company issued to two investors 600,000 shares at $0.25 per share, for net cash proceeds to the company of $135,000.

On October 13, 2006 the Company issued to two investors 450,000 shares at $0.10 per share, for net cash proceeds to the company of $40,500.

On October 13, 2006 the Company issued 260,000 shares to each of the 4 directors as compensation for their duties as directors. In addition, 260,000 shares were authorized for each of the CEO and CFO to reflect their additional responsibilities. The shares were valued at $0.1225 per share, the weighted average price of shares issued during the period.

On October 3 2006, the Board of Directors and majority shareholders agreed to a forward split of the Company's shares on an 8 for 1 basis, such that each shareholder would receive 8 new shares for each share currently held. This would become effective under Nevada law 10 days after the filing of the Certificate of Change under S78.209 of Nevada General Corporate Law. The board also agreed to increase the number of authorized common shares from 75,000,000 to 200,000,000 and to increase the number of preferred shares authorized from zero to 25,000,000. Further, and effective on the same date, the Board and the Company's majority shareholders agreed that the name of the Company would be changed from “Boulder Creek Explorations, Inc.” to Canam Uranium Corp. All filings were made and approved by the Nevada Secretary of State subsequent to the October 31, 2006 year end.

In November 2006, the Company issued a total of 1,475.000 shares, valued at $0.10 per share, as part payment for the El Nino property (275,000 restricted shares), the OK Lake properties (500,000 restricted shares.) and the Wheeler -Beckett claims (700,000 restricted shares in total, including fees).

Also in November, the Company issued 1,725,000 shares to various investors who had subscribed for shares at prices of $0.10 and $0.25 per share. Proceeds net of finder's fees were $157,847.

In April 2007, the Company issued 810,000 shares to various investors who had subscribed for shares at prices ranging from $0.10 to $0.25 per share, for proceeds of $154,359. Additionally, the Company issued 600,000 shares at $1.00 per share upon exercise of an option agreement for total proceeds of $600,000. Also in April 2007, the Company issued 260,000 shares to a director for services, valued at $0.19 per share, and 250,000 shares valued at $0.53 per share (weighted average of recent subscriptions) for fees associated with a debenture financing.

In April, 2007, two consultants exercised options to acquire 50,000 common shares each at $1.19 per share, as per the Employee option plan. Additional options for 50,000 shares were exercised on May 29, 2007. As per the S-8 agreement filed on March 27, 2007, the Consultant involved was awarded 500,000 shares on June 15, 2007, when the stock was trading at $0.50 per share, and an additional 500,0000 shares on July 26, 2007 when the shares were trading at $0.37 per share. Another consultant was issued 100,000 shares as per the S-8 agreement on June 15, 2007 for work advising the Company with respect to European financial markets.

Between May 18 and July 10, 2007 the Company issued 150,000 shares pursuant to the exercise of stock options at $1.19. The shares were subscribed for but not paid for at July 31, 2007.

On May 14,2007 the Company issued 150,000 shares for finance fees valued at $79,500.

On June 15, 2007 the Company issued 600,000 shares for services valued at $300,000 and issued 2,020,000 shares for resource property interests valued at $1,010,000.

On July 26, 2007 the Company issued 500,000 shares for services valued at $185,000

All references in these financial statements to number of shares, price per share and weighted average number of common shares outstanding prior to the forward split have been adjusted to record the effect of the forward split on a retroactive basis.

OPTIONS TO ACQUIRE SHARES OF COMMON STOCK

The Company granted consultants to the Company options to acquire 2,650,000 shares of common stock of the Company at $1.19 per share within five years from February 19, 2007. In order to calculate the option expense of $1,711,333, recorded in the second quarter financial statements dated April 30, 2007, the Company used the Black-Scholes option pricing formula assuming a risk free rate of 4.7% and due to limited market pricing data for the shares, a variability factor of 100%.

See also Note 7

NOTE 5 – RELATED PARTY TRANSACTIONS

These transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

The Company owes a director and President of the Company $2,720. There are no definite repayment terms, no security or accruing interest. Fair value cannot be determined.

The Company owes the previous sole director and President of the Company $3,000. There are no definite repayment terms, no security or accruing interest. Fair value cannot be determined.

As of June 18, 2007 the Company’s CEO personally executed an agreement with a third party for consulting and paid fees with 1,020,000 restricted common shares from his personal holdings. Mr. Gibson hired Attacama Holdings Inc to provide services related to being a financial public relations advisor and consultant to the German and Swiss Market for IR Investments Inc. of which he is sole shareholder. For these services Mr. Gibson transferred on July 5^th 2007 completed the agreement and transfer of 1,020,000 restricted shares of CanAm Uranium Corp common stock from his current holdings.

Under the terms of the Company’s employee Option plan, options to purchase the Company’s stock can be acquired on a cashless basis, by the issuance of a promissory note to the Company by the optionee. 150,000 shares were issued to consultants upon the exercise of their options during the quarter in exchange for promissory notes totaling $178,500, all of which were settled subsequent to the quarter end in August, 2007.

As of September 1, 2006, the Company has been subletting premises from a company controlled by its President and CEO. Total payments until July 31, 2007 were $36,806.

NOTE 6 – INCOME TAXES

The Company has adopted the FASB No. 109 for reporting purposes. As of October 31, 2006, the Company had net operating loss carry forwards of approximately $54,705 that may be available to reduce future years’ taxable income and will expire in 2024. Availability of loss usage is subject to change of ownership limitations under Internal Revenue Code 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the future tax asset relating to these tax loss carry forwards.

NOTE 7 – NOTES PAYABLE

The Company issued a Note to a third party investor in the amount of $50,000 on September 6 2006 for a one year term, bearing interest at 10% per annum. The note is convertible into 200,000 post split shares of the Company at the Company's option when certain market conditions exist. The interest recorded on the note in the previous quarter has been reversed to reflect the fact that this was included in the value of the option granted to acquire stock. On January 31 2007, the party agreed to waive its interest on the note in exchange for an option to acquire 600,000 shares of the Company’s common stock at $1 per share on or before April 1, 2007, and 666,667 shares at $1.50 per share on or before January 1, 2008. During the quarter, the investor exercised its first option, and indicated that it would bring forward the exercise date of the second option to May 31, 2007. The option has been valued at $302,673.

On March 2, 2007 the Company signed an agreement with Divine Capital Markets LLC to raise convertible debenture financing for the Company. The terms of the debenture were for a maximum of $400,000 to be raised at an interest rate of 6% for three years. The debentures are convertible into common shares of the Company at the greater of 75% of the 20 day lowest closing bid price of the Company stock and $.05 per share at any time on or after six months from the date of issuance of the debenture. The derivative contract liability has been calculated to be $340,550 to be amortized straight line over the life of the debenture. Divine received 250,000 restricted shares of the Company, valued at $0.53 per share (the weighted average of recent share issuance prices) as well as a 13% commission on total proceeds. The gross principal amount raised was $370,000. During the quarter ended July 31, 2007 the Company borrowed, on a bridge financing, $300,000 from an unrelated party. The bridge loans are repayable on September 20, 2007, and will bear total interest cost of $30,000.

NOTE 8 – SUBSEQUENT EVENTS

On August 15, 2007, the Company’s CEO and major shareholder agreed to cancel 10,000,000 of his common shares and to subscribe for 100,000 of the Company’s Series B preferred shares. As disclosed in the 8-K filed on July 9, 2007, such shares carry 100 votes per share, and are convertible into common shares on the basis of 100 common shares per preferred share at the option of the holder, or automatically in the event of a merger or other form of reorganization.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

MANAGEMENT’S DISCUSSION AND ANALYSIS

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes appearing elsewhere in this Form 10-QSB. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements.

Overview

References in this Quarterly Report of Form 10-QSB to “CanAm”, “the Company”, “we”, “us,” and “our” refer to CanAm Uranium Corp., a Nevada corporation. The Company split its shares on an 8 for 1 basis effective November 16, 2006. All references to shares in this document refers to post split numbers.

We were incorporated in the State of Nevada on June 7, 2004. We are engaged in the acquisition and exploration of mining properties. On August 11, 2006, Puneet Sharan resigned as President, and as the reigning sole director, appointed Ryan Gibson as President and a Director, and David Hayes, as Chief Financial Officer and as a Director. Subsequently, Mr. Sharan resigned as a Director. On October 5, 2006, Mr. Gibson acquired, directly and indirectly, an aggregate of approximately 56,000,000 shares of common stock from Mr. Sharan, which at the time represented approximately 70% of the issued and outstanding shares of common stock of CanAm and approximately 70% of the voting power of all issued and outstanding securities of CanAm. Mr. Gibson still retains voting control of the majority of the voting securities of CanAm.

Our only revenue has been interest on term deposits, we have achieved losses since inception, have no operations, have been issued a going concern opinion and rely upon the sale of our securities to fund operations.

On October 22, 2006, CanAm elected to not pay annual fees due on October 31, 2006, to the Province of British Columbia, Canada, in connection with maintaining rights to two mining claims, entitled the “Pun” claim and the “Tim” claim, respectively, in British Columbia, Canada, on the basis that the real property underlying each claim does not likely contain sufficient quantities of zinc, copper, silver, gold or other mineralized material to merit further exploration. The effect of such election will be that CanAm will not have the right to explore for and develop mineralized material underlying the Pun and Tim claims.

On October 23, 2006, CanAm entered into a Property Option Agreement with El Nino Ventures Inc. (“El Nino”) pursuant to which CanAm acquired an option to purchase certain mining claims, entitled “The Bancroft Uranium Projects” (Bancroft) claims. The Company entered into an option agreement with El Nino Ventures Inc (TSX-V-ELN) to acquire up to an 80% interest in eight uranium properties located in the Bancroft area of southeastern Ontario. The properties comprise of 37 mineral claims covering approximately 9,765 acres (3,952 hectares), and are located 10 - 40 km to the east of the town of Bancroft, Ontario, Canada. In order to earn a 60% interest in the properties, CanAm must make an initial payment of $33,898 (CDN$40,000) made on the execution date, and $21,186 (CDN$25,000) paid November 15th 2006 with the issuance of 275,000 post split common shares (restricted) and complete $847,458 (CDN$1,000,000) in exploration work over two years. A total of $114,407 (CDN$135,000) has been paid as of January 16, 2007 towards exploration. The Company is also committed to making annual payments of $16,949 (CDN$20,000). To earn an additional 20% interest in the properties, CanAm must issue 300,000 shares of common stock and complete a further $1,272,186 (CDN$1,500,000) in exploration work over two years. The properties are subject to a 3% Net Smelter Royalty (NSR) from future production, and the NSR may be purchased by the Company in increments of 1% for $211,864 (CDN$250,000).

On November 16, 2006, the company entered into an Agreement with Geomode Mineral Exploration Ltd. to acquire a 100% undivided interest in two mineral claims owned by Geomode known as the BALD and OYAMA claims in the Province of British Columbia, Canada, totaling 1,037 hectares. They are collectively known as the OK Lake claims. In order to earn its 100% interest, the Company was required to pay $25,000 on signing of the Agreement (which it paid), issue 500,000 of its shares of common stock to the owner of the claims, and carry out exploration expenditures of $50,000 on or before November 30, 2007 and $50,000 on or before November 30 2008.

On November 29, 2006, CanAm entered into a Property Option Agreement with Northwind Resources Inc. (“Northwind”), pursuant to which CanAm acquired an option to purchase certain mining claims, entitled the “Wheeler-Beckett” claims. The Wheeler-Beckett claims are leases to mine mineralized material, granted by the Province of Saskatchewan, Canada, and provide the holder of the leases the exclusive right to explore for and develop mineralized material in 11 contiguous claims, totaling 51,100 hectares of real property, located on the eastern edge of the Athabasca Basin, Province of Saskatchewan, Canada.

To exercise its option to acquire the leases for the Wheeler-Beckett claims, CanAm must pay $211,864 (CDN $250,000) and issue 1,000,000 restricted shares of common stock to Northwind. The payment schedule under the Property Option Agreement provides for an initial payment of $127,119 (CDN $150,000), and 500,000 restricted shares of CanAm’s common stock, which payment was made to Northwind on November 29, 2006. To complete the exercise of its option, CanAm must pay to Northwind $84,746 (CDN $100,000) and 500,000 restricted shares of common stock not later than the first year anniversary date of the date of the Property Option Agreement. Additionally, the Property Option Agreement provides, among other things, that CanAm pay a royalty equal to two and one-half percent (2.5%) of net returns from future production, four-fifths (4/5) of such 2.5% of which CanAm may purchase for $847,460 (CDN $1,000,000). Within the first year, starting September 26, 2006,the date on which the claim was originally posted, there are no obligations for exploration fees associated with regulations of the Saskatchewan Provincial Government for Mining Claims up to September 26^,2007, however, CanAm Uranium Corp must pay or incur exploration costs of up to $10.17 per hectare ($12 CDN) or $519,661 ($613,200 CDN) when multiplied by the claim size of 51,100 hectares after September 26, 2007 per year to maintain the claims. At the claim anniversary date of 10 years, this cost increases to $21.19 ($25CDN) per hectare. Filing of the exploration fees are required annually by the Saskatchewan Government and therefore, the claims require the Company to submit and pay for nominal expenses associated with preparing the documentation for the Saskatchewan Government.

In connection with the Property Option Agreement, CanAm has issued 200,000 shares of common stock to a consultant of Northwind Resources, Spikat Management Ltd. (“Spikat”). Spikat is not an affiliate of CanAm or any of CanAm’s directors or officers. CanAm sold the securities to Spikat pursuant to Rule 903(b)(3) of Regulation S, promulgated pursuant to the Securities Act of 1933, as amended, on the basis that the securities were sold outside of the US, to a non-US person, and with no directed selling efforts in the US.

In connection with the Property Option Agreement, CanAm issued 100,000 restricted shares of common stock to a consultant, A.J. Caridi, on August 15, 2007. Caridi is a consultant to CanAm. CanAm issued the securities to Caridi pursuant to Section 4(2) the Securities Act of 1933, as amended, on the basis that the securities were sold in a non-public offering.

CanAm will focus its primary business activity on raising sufficient funds to exercise its option to acquire the Wheeler-Beckett and Don McCarthy claims and acquiring of rights to explore for and develop uranium and other mineralized material in other geographical locations and explore the Halo Property which is one of the 8 “Bancroft Claims”. There is no assurance that CanAm will be able to raise sufficient funds in order to exercise its option to acquire the Wheeler-Beckett claims, Bancroft Claims, or to further expand its business.

Canadian jurisdictions, generally speaking, allow a mineral explorer to claim a portion of available Crown lands as its exclusive area for exploration by depositing posts or other visible markers to indicate a claimed area. The process of posting the area is known as staking. CanAm must pay annual fees to the Crown to maintain its exploration and development under its licenses. There is no assurance that CanAm will have sufficient funds to pay such fees to maintain it mining rights under the licenses.

The Company began drilling on the Bancroft properties in April of 2007, and preliminary results were announced in a news release on May 11, 2007.

CanAm released assay results for the first four drill holes. Best results to date have been achieved in DDH H-4, the upper hole on the second or easternmost section drilled. Eight radioactive pegmatite dikes were intersected within an interval of 24 metres. Assays/width ranged from 0.01 per cent uranium oxide (U3O8) (0.2 pound per ton) over 0.11 m to 0.31 per cent U3O8 (6.2 pounds per ton) over 1.52 metres. Average weighted grade of the dikes was 0.09 per cent U3O8 (1.8 pounds per ton) with a cumulative width of 8.9 metres. Anomalous amounts of certain heavy rare earth elements have been noted. In Sample 8027 from DDH H-4, 18 grams per tonne (g/t) scandium was reported along with 0.10 per cent U3O8 (two pounds per ton) across an interval of 1.31 metres.

Details of the results include:

* First round of drilling on Halo confirms historical results by intercepting average grade of 0.09 per cent (1.6 pounds) U3O8 over 8.9 metres (34 feet), including 0.31 per cent U3O8 (6.2 pounds per ton) over 1.52 metres;

*drill program continues on second of seven other known historical targets;

* drilling continues and trenching program to begin for six other prospects.

We are presently in the exploration stage and we cannot guarantee that a commercially viable mineral deposit, a reserve, exists in the property until further exploration is done and a comprehensive evaluation concludes economic and legal feasibility. There are no native land claims that affect title to the properties. The claims are unencumbered and there are no competitive conditions which affect them. Further, we have no insurance covering the claims. We believe that no insurance is necessary since the claims are unimproved and contain no buildings or improvements. Going forward, we will try to interest other companies in the properties if mineralization is found, as we may not have the resources to develop them ourselves.

Proceeds Raised through Sale of Shares

The Company has authorized 200,000,000 common shares with a par value of $0.001 per share and 25,000,000 preferred shares with no par value. On July 10, 2004 the Company issued 56,000,000 common shares at $0.000125 per share to the sole director and President of the Company for net cash proceeds of $7,000 to the Company. On September 23, 2004 the Company issued 1,760,000 common shares to several investors at $0.0009375 per share for net cash proceeds of $13,200 to the Company. On October 15, 2004 the Company issued 2,240,000 shares to one investor at $0.0009375 per share for net cash proceeds of $2,100 to the Company. In March and April of 2006, the Company received subscriptions for 3,680,000 shares at $0.00625 per share from twenty-eight individuals for net proceeds to the Company of $23,000. The shares were issued on May 1, 2006. On May 15, 2006 the Company issued 1,680,000 common shares of the Company’s stock to two investors at $0.00625 per share, for net cash proceeds to the Company of $10,500. On August 24, 2006, subscriptions were received from two investor for 700,000 shares at $.10 per share for gross proceeds of $70,000.On October 13, 2006, the Company issued 1,050,000 common shares to several investors at prices ranging from $0.10 to $0.25 per share to several investors for net cash proceeds of $175,500. On November 15, 2006, the Company issued 1,725,000 common shares to several investors at $0.10 per share for net cash proceeds of $$157,847. On April 16, 2007, the Company issued 1,410,000 shares of common stock at prices ranging from $0.10 to $1.00 per share for net cash proceeds of $754,359.

The Company's common stock is quoted on the OTC Bulletin Board under the symbol CAUI.OB.

Cash Requirements and Need for Additional Funds

As of July 31, 2007, the current cash on hand was $11,216. Although management believes the Company will be able to raise sufficient funds to maintain its minimal operations and maintain its status as a reporting company for at least the next four months, the Company will be required to raise funds of approximately $1,000,000 within the next four months in order to satisfy the terms of the above described Option Agreements. (See Note 8 to Financial Statements above). If the Company is unable to raise the necessary funds through an offering of its shares it would have to find additional funds either through loans from a financial institution or by its officers. Management cannot provide any assurance that a financial institution would lend money to the Company based upon the fact it has no revenue generating operations. Moreover, there is no agreement or otherwise in place for the officers of the Company to lend funds to the Company at any time.

If the Company is unsuccessful in beginning operations and generating revenue or in the alternative is unsuccessful in obtaining additional funding, it will most likely be unable to continue as a going concern, which would result in the complete loss of any investment made into the Company.

Product Research and Development

The Company does not anticipate any costs or expenses to be incurred for product research and development within the next twelve months.

There were none and there is no anticipated purchase or sale of plant or significant equipment in the next twelve months.

The Company currently has no employees, but is being operated primarily by the current President, Ryan Gibson and the current CFO, David Hayes, who are being compensated as independent contractors. Depending on the ability of the Company to raise sufficient funds, it may hire employees and/or consultants as circumstances may require over the next twelve months.

ITEM 3. CONTROLS AND PROCEDURES.

As of the period covered by this report, Canam carried out an evaluation, under the supervision and with the participation of its management, including David Hayes, Canam's Chief Financial Officer, of the design and operation of its disclosure controls and procedures. Based on this evaluation, Canam's Chief Financial Officer concluded that Canam's disclosure controls and procedures are effective for the gathering, analyzing and disclosing of information that Canam is required to disclose in the reports it files under the Securities Exchange Act of 1934, within the time periods specified in the SEC’s rules and forms. There have been no significant changes in Canam 's internal controls or in other factors that could significantly affect the internal controls subsequent to the date of this evaluation.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subjected to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

Exhibit Number		Description

3.1.1		Articles of Incorporation of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

3.1.2		Certificate of Amendment to Articles of Incorporation of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

3.1.3		Certificate of Change (incorporated by reference to the Company’s Annual Report on Form 10-KSB, filed on February 13, 2007).

3.1.4		Certificate of Amendment to Articles of Incorporation of the Company (incorporated by reference to the Company’s Annual Report on Form 10-KSB, filed on February 13, 2007).

3.2.1		Bylaws of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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.

	Canam Uranium Corp. (Name of Registrant)

Date: September 14, 2007	By:	/s/ David Hayes
		David Hayes
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description

3.1.1		Articles of Incorporation of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

3.1.2		Certificate of Amendment to Articles of Incorporation of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

3.1.3		Certificate of Change (incorporated by reference to the Company’s Annual Report on Form 10-KSB, filed on February 13, 2007).

3.1.4		Certificate of Amendment to Articles of Incorporation of the Company (incorporated by reference to the Company’s Annual Report on Form 10-KSB, filed on February 13, 2007).

3.2.1		Bylaws of the Company (incorporated by reference to the Company’s Registration Statement on Form SB-2, filed on December 17, 2004).

31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

CleanPath Resources (BCXP) Inactive 10QSB/A2007 Q3 Quarterly report (small business) (amended)