UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED SEPTMBER 30, 2008

Commission file number 333-136492

TREASURE EXPLORATIONS INC.
(Exact name of registrant as specified in its charter)

NEVADA
(State or other jurisdiction of incorporation or organization)

#109 - 114 West Magnolia Street, Suite 400
Bellingham, WA 98225
(Address of principal executive offices, including zip code.)

(360) 233-0740
(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 "large accelerated filer, "accelerated filer,"
"non-accelerated filer," and "smaller 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 [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 4,000,000 shares as of September 30,
2008.

ITEM 1. FINANCIAL STATEMENTS

The un-audited quarterly financial statements for the period ended September 30,
2008, prepared by the company, immediately follow.

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Balance Sheets
- --------------------------------------------------------------------------------

(unaudited)
As of As of
September 30, June 30,
2008 2008
-------- --------

ASSETS

CURRENT ASSETS
Cash $ 18,607 $ 19,231
Deposits -- 2,000
-------- --------
TOTAL CURRENT ASSETS 18,607 21,231
-------- --------

TOTAL ASSETS $ 18,607 $ 21,231
======== ========

LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable $ 2,000 $ 163
-------- --------
TOTAL CURRENT LIABILITIES 2,000 163
-------- --------

TOTAL LIABILITIES 2,000 163
-------- --------

STOCKHOLDERS' EQUITY
Common stock, ($0.001 par value, 75,000,000 shares
authorized; 4,000,000 shares issued and outstanding
as of September 30, 2008 and June 30, 2008 4,000 4,000
Additional paid-in capital 46,000 46,000
Deficit accumulated during exploration stage (33,393) (28,932)
-------- --------
TOTAL STOCKHOLDERS' EQUITY 16,607 21,068
-------- --------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 18,607 $ 21,231
======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statements of Operations (unaudited)
- --------------------------------------------------------------------------------

May 31, 2006
Three Months Three Months (inception)
Ended Ended through
September 30, September 30, September 30,
2008 2007 2008
---------- ---------- ----------

REVENUES
Revenues $ -- $ -- $ --
---------- ---------- ----------
TOTAL REVENUES -- -- --

PROFESSIONAL FEES 4,000 3,000 20,700
GENERAL & ADMINISTRATIVE EXPENSES 461 478 12,693
---------- ---------- ----------
TOTAL GENERAL & ADMINISTRATIVE EXPENSES 4,461 3,478 33,393
---------- ---------- ----------

NET INCOME (LOSS) $ (4,461) $ (3,478) $ (33,393)
========== ========== ==========

BASIC EARNING (LOSS) PER SHARE $ (0.00) $ (0.00)
========== ==========
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 4,000,000 4,000,000
========== ==========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statements of Changes in Stockholders' Equity
From May 31, 2006 (Inception) through September 30, 2008
- --------------------------------------------------------------------------------

Deficit
Accumulated
Common Additional During
Common Stock Paid-in Exploration
Stock Amount Capital Stage Total
----- ------ ------- ----- -----

BALANCE, MAY 31, 2006 -- $ -- $ -- $ -- $ --

Stock issued for cash on May 31, 2006
@ $0.005 per share 2,000,000 2,000 8,000 10,000

Net loss, June 30, 2006 (430) (430)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2006 2,000,000 $ 2,000 $ 8,000 $ (430) $ 9,570
========== ======= ======= ======== ========
Stock issued for cash on October 13, 2006
@ $0.02 per share 2,000,000 2,000 38,000 40,000

Net loss, June 30, 2007 (14,000) (14,000)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2007 4,000,000 $ 4,000 $46,000 $(14,430) $ 35,570
========== ======= ======= ======== ========

Net loss, June 30, 2008 (14,502) (14,502)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2008 4,000,000 $ 4,000 $46,000 $(28,932) $ 21,068
========== ======= ======= ======== ========

Net loss, September 30, 2008 (4,461) (4,461)
---------- ------- ------- -------- --------

BALANCE, SEPTEMBER 30, 2008 (UNAUDITED) 4,000,000 $ 4,000 $46,000 $(33,393) $ 16,607
========== ======= ======= ======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statements of Cash Flows (unaudited)
- --------------------------------------------------------------------------------

May 31, 2006
Three Months Three Months (inception)
Ended Ended through
September 30, September 30, September 30,
2008 2007 2008
-------- -------- --------

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ (4,461) $ (3,478) $(33,393)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:

Changes in operating assets and liabilities:
Deposits 2,000 -- --
Accounts Payable 1,837 3,000 2,000
-------- -------- --------
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (624) (478) (31,393)

CASH FLOWS FROM INVESTING ACTIVITIES

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES -- -- --

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock -- -- 4,000
Additional paid-in capital -- -- 46,000
-------- -------- --------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES -- -- 50,000
-------- -------- --------

NET INCREASE (DECREASE) IN CASH (624) (478) 18,607

CASH AT BEGINNING OF PERIOD 19,231 32,570 --
-------- -------- --------

CASH AT END OF PERIOD $ 18,607 $ 32,092 $ 18,607
======== ======== ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during the period for:
Interest $ -- $ -- $ --
======== ======== ========

Income Taxes $ -- $ -- $ --
======== ======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements (Unaudited)
September 30, 2008
- --------------------------------------------------------------------------------

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Treasure Explorations Inc. (the Company) was incorporated under the laws of the
State of Nevada on May 31, 2006. The Company was formed to engage in the
acquisition, exploration and development of natural resource properties.

The Company is in the exploration stage. Its activities to date have been
limited to capital formation, organization and development of its business plan.
The Company has commenced limited exploration activities.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The Company's financial statements are prepared using the accrual method of
accounting. The Company has elected a June 30, year-end.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities with publicly held common stock. SFAS No. 128
supersedes the provisions of APB No. 15, and requires the presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective May 31, 2006 (date of
inception).

Basic net earnings (loss) per share amounts is computed by dividing the net
earnings (loss) by the weighted average number of common shares outstanding.
Diluted earnings (loss) per share are the same as basic earnings (loss) per
share due to the lack of dilutive items in the Company.

CASH EQUIVALENTS

The Company considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.

USE OF ESTIMATES AND ASSUMPTIONS

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 reporting period.
Actual results could differ from those estimates. In accordance with FASB 16 all
adjustments are normal and recurring.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

INCOME TAXES

Income taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS 109), "Accounting for Income Taxes". A deferred tax
asset or liability is recorded for all temporary differences between financial
and tax reporting and net operating loss carryforwards. Deferred tax expense
(benefit) results from the net change during the year of deferred tax assets and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all of the deferred
tax assets will not be realized. Deferred tax assets and liabilities are
adjusted for the effects of changes in tax laws and rates on the date of
enactment.

RECENT ACCOUNTING PRONOUNCEMENTS

In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No.
163, "Accounting for Financial Guarantee Insurance Contracts-and interpretation
of FASB Statement No. 60". SFAS No. 163 clarifies how Statement 60 applies to
financial guarantee insurance contracts, including the recognition and
measurement of premium revenue and claims liabilities. This statement also
requires expanded disclosures about financial guarantee insurance contracts.
SFAS No. 163 is effective for fiscal years beginning on or after December 15,
2008, and interim periods within those years. SFAS No. 163 has no effect on the
Company's financial position, statements of operations, or cash flows at this
time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No.
162, "The Hierarchy of Generally Accepted Accounting Principles". SFAS No. 162
sets forth the level of authority to a given accounting pronouncement or
document by category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS No. 162 will
become effective 60 days after the SEC approves the PCAOB's amendments to AU
Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on
the Company's financial position, statements of operations, or cash flows at
this time.

In March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS
No. 161, Disclosures about Derivative Instruments and Hedging Activities--an
amendment of FASB Statement No. 133. This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entity's financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110
regarding the use of a "simplified" method, as discussed in SAB No. 107 (SAB
107), in developing an estimate of expected term of "plain vanilla" share
options in accordance with SFAS No. 123 (R), Share-Based Payment. In particular,
the staff indicated in SAB 107 that it will accept a company's election to use
the simplified method, regardless of whether the company has sufficient
information to make more refined estimates of expected term. At the time SAB 107
was issued, the staff believed that more detailed external information about
employee exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for "plain vanilla" share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Company's consolidated financial position, results of
operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements--an amendment of ARB No. 51. This statement
amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same as that of the related Statement 141 (revised 2007). It is not
believed that this will have an impact on the Company's financial position,
results of operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations. This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in Statement 141. This
Statement establishes principles and requirements for how the acquirer: (a)
recognizes and measures in its financial statements the identifiable assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree; (b) recognizes and measures the goodwill acquired in the business
combination or a gain from a bargain purchase; and (c) determines what
information to disclose to enable users of the financial statements to evaluate
the nature and financial effects of the business combination. This statement
applies prospectively to business combinations for which the acquisition date is
on or after the beginning of the first annual reporting period beginning on or
after December 15, 2008. An entity may not apply it before that date. The
effective date of this statement is the same as that of the related FASB
Statement No. 160, Noncontrolling Interests in Consolidated Financial
Statements. It is not believed that this will have an impact on the Company's
financial position, results of operations or cash flows.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for
Financial Assets and Liabilities--Including an Amendment of FASB Statement No.
115. This standard permits an entity to choose to measure many financial
instruments and certain other items at fair value. This option is available to
all entities. Most of the provisions in FAS 159 are elective; however, an
amendment to FAS 115 Accounting for Certain Investments in Debt and Equity
Securities applies to all entities with available for sale or trading
securities. Some requirements apply differently to entities that do not report
net income. SFAS No. 159 is effective as of the beginning of an entities first
fiscal year that begins after November 15, 2007. Early adoption is permitted as
of the beginning of the previous fiscal year provided that the entity makes that
choice in the first 120 days of that fiscal year and also elects to apply the
provisions of SFAS No. 157 Fair Value Measurements. The Company will adopt SFAS
No. 159 beginning March 1, 2008 and is currently evaluating the potential impact
the adoption of this pronouncement will have on its financial statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles (GAAP), and expands disclosures
about fair value measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the Board having
previously concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, this statement does not require any
new fair value measurements. However, for some entities, the application of this
statement will change current practice. This statement is effective for
financial statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued financial
statements for that fiscal year, including financial statements for an interim
period within that fiscal year. The Company will adopt this statement March 1,
2008, and it is not believed that this will have an impact on the Company's
financial position, results of operations or cash flows.

NOTE 3. GOING CONCERN

The accompanying financial statements are presented on a going concern basis.
The Company had limited operations during the period from May 31, 2006 (date of
inception) to September 30, 2008 and generated a net loss of $33,393. This
condition raises substantial doubt about the Company's ability to continue as a
going concern. Because the Company is currently in the exploration stage and has
minimal expenses, management believes that the company's current cash and cash
equivalents of $18,607 is sufficient to cover the expenses they will incur
during the next twelve months in a limited operations scenario or until they
raise additional funding.

NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common.

NOTE 5. RELATED PARTY TRANSACTIONS

The officers and directors of the Company may, in the future, become involved in
other business opportunities as they become available, they may face a conflict
in selecting between the Company and their other business opportunities. The
Company has not formulated a policy for the resolution of such conflicts.

NOTE 6. INCOME TAXES

As of September 30, 2008
------------------------
Deferred tax assets:
Net operating tax carryforwards $ 33,393
Tax rate 34%
--------
Gross deferred tax assets 11,354
Valuation allowance (11,354)
--------

Net deferred tax assets $ 0
========

Realization of deferred tax assets is dependent upon sufficient future taxable
income during the period that deductible temporary differences and carryforwards
are expected to be available to reduce taxable income. As the achievement of
required future taxable income is uncertain, the Company recorded a valuation
allowance.

NOTE 7. NET OPERATING LOSSES

As of September 30, 2008, the Company has a net operating loss carryforwards of
approximately $33,393. Net operating loss carryforwards expires twenty years
from the date the loss was incurred.

NOTE 8. STOCK TRANSACTIONS

Transactions, other than employees' stock issuance, are in accordance with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees' stock issuance
are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration received or the fair
value of the equity instruments issued, or whichever is more readily
determinable.

On May 31, 2006, the Company issued a total of 2,000,000 shares of common stock
to one director for cash in the amount of $0.005 per share for a total of
$10,000.

On October 13, 2006, the Company issued a total of 2,000,000 shares of common
stock to twenty seven unrelated investors for cash in the amount of $0.02 per
share for a total of $40,000.

As of September 30, 2008 the Company had 4,000,000 shares of common stock issued
and outstanding.

NOTE 9. STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of September 30, 2008:

Common stock, $ 0.001 par value: 75,000,000 shares authorized; 4,000,000 shares
issued and outstanding.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

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 our 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 company
and have not yet generated or realized any revenues.

BUSINESS

GENERAL INFORMATION

We are an exploration stage company with no revenues and a limited operating
history. Our independent auditor has issued an audit opinion which includes a
statement expressing substantial doubt as to our ability to continue as a going
concern.

The company completed Phase I of the exploration program on the one property in
the company's portfolio, the Tulameen Mountain Mineral Claim, located in the New
Westminster, Similkameen Mining Division of British Columbia, Canada, consisting
of 336 hectares (830 acres), included within 16 Mineral Title Cells. The
Tulameen Mountain Mineral Claim was staked on May 26, 2006 using the British
Columbia Mineral Titles Online computer Internet system and was assigned Tenure
No. 534417. The results of Phase I were not promising and management determined
it was in the best interests of the shareholders to allow the claim to lapse and
actively pursue another property on which exploration could be conducted, better
utilizing the remaining cash assets of the company.

We have a total of 75,000,000 authorized common shares with a par value of
$0.001 per share and 4,000,000 common shares issued and outstanding as of
September 30, 2008.

On March 5, 2007 our common stock shares were approved for trading on the
Over-the-Counter Bulletin Board under the symbol TEEX.

PLAN OF OPERATION

Our cash in the bank at September 30, 2008 was $18,607. We do not intend to
purchase any significant property or equipment, nor incur any significant
changes in employees during the next 12 months.

Our management has been analyzing the various alternatives available to our
company to ensure our survival and to preserve our shareholder's investment in
our common shares. This analysis has included securing another property for

exploration, sourcing additional forms of financing to continue our business as
is, or mergers and/or acquisitions. At this stage in our operations, we believe
either course is acceptable, as our operations have not been profitable and our
future prospects for our business are not good without further financing.

As of the date hereof, we have not been successful in our exploration efforts.
Historically, we have been able to raise a limited amount of capital through
private placements of our equity stock, but we are uncertain about our continued
ability to raise funds privately. Further, we believe that our company may have
more difficulties raising capital for our existing operations than for a new
business opportunity. We have not entered into any formal written agreements for
a business combination or opportunity. If any such agreement is reached, we
intend to disclose such an agreement by filing a current report on Form 8-K with
the Securities and Exchange Commission.

If we are unable to find another property for exploration with our current funds
or secure adequate capital to continue our business or alternatively, complete a
merger or acquisition, our shareholders will lose some or all of their
investment and our business will likely fail.

RESULTS OF OPERATIONS

We are an exploration stage company and have generated no revenues to date.

We incurred operating expenses of $4,461 and $3,478 for the three month periods
ended September 30, 2008 and 2007. These expenses consisted of general operating
expenses and professional fees incurred in connection with the day to day
operation of our business and the preparation and filing of our periodic
reports. Our net loss from inception through September 30, 2008 was $33,393.

Cash provided by financing activities for the period from inception (May 31,
2006) through September 30, 2008 was $50,000, consisting of $10,000 from the
sale of 2,000,000 shares of common stock to a director for the company for
$0.005 per share and $40,000 from the sale of 2,000,000 shares of common stock
pursuant to our SB-2 offering.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at September 30, 2008 was $18,607, with accounts payable of
$2,000. We are an exploration stage company and have generated no revenue to
date.

ITEM 4. CONTROLS AND PROCEDURES.

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act, for the Company.

Under the supervision and with the participation of our Chief Executive Officer
and Chief Financial Officer, management conducted an evaluation of the
effectiveness of our internal control over financial reporting, as of the
Evaluation Date, based on the framework set forth in Internal Control-Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on its evaluation under this framework, management concluded
that our internal control over financial reporting was not effective as of the
Evaluation Date.

Management assessed the effectiveness of the Company's internal control over
financial reporting as of Evaluation Date and identified the following material
weaknesses:

INSUFFICIENT RESOURCES: We have an inadequate number of personnel with requisite
expertise in the key functional areas of finance and accounting.

INADEQUATE SEGREGATION OF DUTIES: We have an inadequate number of personnel to
properly implement control procedures.

LACK OF AUDIT COMMITTEE & OUTSIDE DIRECTORS ON THE COMPANY'S BOARD OF DIRECTORS:
We do not have a functioning audit committee or outside directors on the
Company's Board of Directors, resulting in ineffective oversight in the
establishment and monitoring of required internal controls and procedures.

Management is committed to improving its internal controls and will (1) continue
to use third party specialists to address shortfalls in staffing and to assist
the Company with accounting and finance responsibilities, (2) increase the
frequency of independent reconciliations of significant accounts which will
mitigate the lack of segregation of duties until there are sufficient personnel
and (3) may consider appointing outside directors and audit committee members in
the future.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date.

PART II. OTHER INFORMATION

ITEM 6. EXHIBITS.

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our original Form SB-2
Registration Statement, filed under SEC File Number 333-136492, at the SEC
website at www.sec.gov:

Exhibit No. Description
----------- -----------

3.1 Articles of Incorporation*
3.2 Bylaws*
31.1 Sec. 302 Certification of Principal Executive Officer
31.2 Sec. 302 Certification of Principal Financial Officer
32.1 Sec. 906 Certification of Principal Executive Officer
32.2 Sec. 906 Certification of Principal Financial Officer

SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) 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.

November 12, 2008 Treasure Explorations Inc, Registrant

By: /s/ Manly Shore
---------------------------------
Manly Shore, Director, President,
Principal Executive Officer,
Principal Accounting Officer,
Principal Financial Officer