v2.3.0.15

Statement of Operations (USD $)	3 Months Ended		55 Months Ended
Statement of Operations (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Operating expenses
Depreciation of property, plant and equipment	$ 0	$ 0	$ 1,332,712
Property exploration and maintenance	0	0	419,836
General and administrative expenses	18,538	85	1,223,334
Loss before other expenses	(18,538)	(85)	(2,975,882)
Other income (expenses):
Write-off of mineral exploration rights	0	0	(7,317,739)
Termination of Mongolian project	0	0	(102,494)
Finance costs	0	0	(9,011)
Other income	0	0	5,403
Total other expenses	0	0	(7,423,841)
Loss before minority interests	(18,538)	(85)	(10,399,723)
Minority interest in net loss of subsidiaries	0	0	5
Net loss and comprehensive loss	$ (18,538)	$ (85)	$ (10,399,718)
Weighted average number of basic and diluted common shares outstanding	57,761,834	57,761,834

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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WORLDSTAR ENERGY, CORP. 10-Q