UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

———————

FORM 10-Q

———————

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the quarterly period ended: December 31, 2012
or

	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the transition period from: _____________ to _____________

For the quarterly period ended: September 30, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from: _____________ to _____________

———————

GOLDEN RIVER RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

———————

Delaware	0-16097	98-0079697
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

Level 8, 580 St Kilda Road Melbourne, Victoria, 3004, Australia

(Address of Principal Executive Office) (Zip Code)

011 (613) 8532 2860

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

———————

Indicate by check mark whether the registrant (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.

x Yes o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).*

x Yes o 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.

Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x

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

~~Indicate~~Yes ~~the~~x ~~number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. There were 56,807,283 outstanding shares of Common Stock as of November 9, 2012.~~No

~~APPLICABLE~~Indicate ~~ONLY~~the TOnumber ~~REGISTRANTS~~of ~~INVOLVED~~shares INoutstanding ~~BANKRUPTCY~~of each of the issuer’s classes of common stock, as of the latest practicable date. There were 56,807,283 outstanding shares of Common Stock as of February 12, 2013.

APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

o Yes o No

Table Of Contents

		~~PAGE NO~~	PAGE NO
PART I.	FINANCIAL INFORMATION
Item 1	Financial Statements	2	2
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	15	14
Item 3	Quantitative and Qualitative Disclosures about Market Risk	17	16
Item 4	Controls and Procedures	17	17
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	18	18
Item 1A	Risk Factors	18	18
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	18	18
Item 3	Defaults Upon Senior Securities	18	18
Item 4	Mine Safety Disclosures	18	18
Item 5	Other Information	18	18
Item 6	Exhibits	18	18
SIGNATURES		19
EXHIBIT INDEX		20

Exh. 31.1	Certification	21
SIGNATURES			19
Exh. 31.2	Certification	22
EXHIBIT INDEX			20
Exh. 32.1	Certification	23
Exh. 31.1	Certification		21
Exh. 32.2	Certification	24
Exh. 31.2	Certification		22
Exh. 32.1	Certification		23
Exh. 32.2	Certification		24

PART I – FINANCIAL INFORMATION

Item 1.

Financial Statements.

Introduction to Interim Consolidated Financial Statements.

The interim consolidated financial statements included herein have been prepared by Golden River Resources Corporation (“Golden River Resources” or the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “Commission”). Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These interim consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2012.

In the opinion of management, all adjustments, consisting of normal recurring adjustments and consolidating entries, necessary to present fairly the consolidated financial position of the Company and subsidiaries as of ~~September~~December 3031, 2012, the results of its consolidated statements ~~operations~~of comprehensive income for the three and six month periods ended ~~September~~December 3031, 2012 and ~~September~~December 3031, 2011 and for the cumulative period July 1, 2002 (inception of exploration activities) to December 31, 2012, and the changes in its consolidated cash flows for the ~~three~~six month ~~periods~~period ended ~~September~~December 3031, 2012 and ~~September~~December 3031, 2011 and for the cumulative period July 1, 2002 (inception of exploration activities) to December 31, 2012 have been included. The results of consolidated operations for the interim periods are not necessarily indicative of the results for the full year.

The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

UNLESS OTHERWISE INDICATED, ALL FINANCIAL INFORMATION PRESENTED IS IN CANADIAN DOLLARS.

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Balance Sheet

	September 30, 2012			June 30, 2012
	December 31, 2012			June 30, 2012
	CDN$000’s			CDN$000’s
ASSETS
Current Assets
Current Assets:
Cash		930			75
Receivables		8727			102
Prepaid expenses and deposits		2920			134
Assets held for sale		4,749			-
Total Current Assets		77			311
Total Current Assets		4,874			311
Non Current Assets:
Non Current Assets
Cash held for site remediation		-			109
Property, plant and equipment		-			726
Receivables – affiliates		181,790			479
Investment in and receivable from unconsolidated entity		1,747			-
Mineral rights		-			4,181
Total Non Current Assets		183,537			5,495
Total Assets		43,~~892~~614			5,806
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Current Liabilities
Current Liabilities:
Accounts payable and accrued expenses		~~104~~103			425
Convertible debenture		-			121
Liabilities held for sale		301			-
Total Current Liabilities		103			546
Total Current Liabilities		405			546
Total Liabilities		103			546
Total Liabilities		405			546
Stockholders’ Equity:
Common Stock: $.0001 par value
400,000,000 shares authorized
56,807,408 and 56,807,408 issued and outstanding		5			5
56,807,408 and 56,807,408 issued		5			5
Additional paid-in-capital		52,171			52,170
Less treasury stock at cost, 125 shares		(19	)		(19	)
Retained (deficit) during exploration stage		(2823,~~334~~437	)		(27,878	)
Retained (deficit) prior to exploration stage		(25,209	)		(25,209	)
Golden River Resources Stockholders’ (Deficit)		(13,~~386~~511	)		(931	)
Non Controlling Interests of discontinued operations		~~5,873~~-			6,191
Total Equity		43,~~487~~511			5,260
Total Liabilities and Equity		43,~~892~~614			5,806

The accompanying notes are an integral part of the consolidated financial statements.

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Statements of ~~Operations~~Comprehensive Income

Three and Six Months Ended ~~September~~December 3031, 2012 and 2011 and for the cumulative period

July 1, 2002 (inception of exploration activities) to ~~September~~December 3031, 2012

(Unaudited)

	Three Months Ended September 30, 2012 CDN$000’s			Three Months Ended September 30, 2011 CDN$000’s			July 1, 2002 to September 30, 2012 CDN$000’s
	Three Months Ended December 31, 2012 CDN$000’s			Three Months Ended December 31, 2011 CDN$000’s			Six Months Ended December 31, 2012 CDN$000’s			Six Months Ended December 31, 2011 CDN$000’s			July 1, 2002 to December 31,2012 CDN$000’s
Revenues	$	$-		$	$-		$	$-			$-			$-
Costs and expenses:
Stock based compensation		-			-			~~2,760~~-			-			2,760
Exploration expenditure		-			6037			~~4,537~~-			97			4,537
Interest expense (income), net		-			-			~~397~~-			-			397
Legal, accounting and professional		2228			2425			~~2,008~~50			49			2,036
Administration expenses		82229			6555			~~4,101~~311			120			4,330
Total costs and expenses		~~104~~257			~~149~~117			~~13,803~~361			266			14,060
(Loss) from continuing operations		(104	)		(149	)		(13,803	)
(Loss) from operations		(257	)		(117	)		(361	)		(266	)		(14,060	)
Foreign currency exchange (loss)		(312	)		(164	)		(~~446~~15	)		(20	)		(458	)
Other income:
Impairment of equity investment		(335	)		-			(335	)		-			(335	)
Interest income – net, related entity		-			-			5
Other income:
– Other		-			-			11
Interest income – net, related entity		-			-			-			-			5
(Loss) from continuing operations before income taxes		(107	)		(165	)		(14,233	)
– Other		17			-			17			-			28
Benefit for deferred income taxes		-			40			-
Profit/(loss) from continuing operations before income taxes		(587	)		(121	)		(694	)		(286	)		(14,820	)
(Loss) from continuing operations before (losses) of unconsolidated entities		(107	)		(125	)		(14,233	)
Benefit for deferred income taxes		-			6,333			-			6,373			-
Equity in (losses) of unconsolidated entities		-			-			(260	)
Profit/(loss) from continuing operations before (losses) of unconsolidated entities		(587	)		6,212			(694	)		6,087			(14,820	)
(Loss) from continuing operations		(107	)		(125	)		(14,493	)
Equity in (losses) of unconsolidated entity		(58	)		-			(58	)		-			(318	)
Discontinued Operations
Net profit/(loss) from continuing operations		(645	)		6,212			(752	)		6,087			(15,138	)
Equity in profits of unconsolidated entities		-			-			234
Discontinued Operations
Net loss from discontinued operations		(667	)		(1,417	)		(10,506	)
Gain on disposal of discontinued operations		5,542			-			5,542			-			5,542
Impairment of mineral rights		-			-			(35,583	)
Equity in profits of unconsolidated entities		-			-			-			-			234
Adjustment to fair value on stepped acquisition		-			-			7,433
Net profit/(loss) from discontinued operations		5			(33,974	)		(662	)		(1,417	)		(10,501	)
Gain on bargain purchase		-			-			10,305
Impairment of mineral rights		-			-			-			-			(35,583	)
Total discontinued operations		(667	)		(1,417	)		(28,117	)
Adjustment to fair value on stepped acquisition		-			-			-			-			7,433
Net (loss)		(774	)		(1,542	)		(42,610	)
Gain on bargain purchase		-			-			-			-			10,305
Net (loss) attributable to non-controlling interests of discontinued operations		318			398			14,187
Net profit/(loss) attributable to non-controlling interests of discontinued operations		(5	)		9,527			313			398			14,182
Net (loss) attributable to Golden River Resources stockholders		(456	)		(1,144	)		(28,423	)
Net profit/(loss) from discontinued operations		5,542			(24,447	)		5,193			(1,019	)		(8,388	)
Other comprehensive income:
Net profit/(loss) attributable to Golden River Resources stockholders		4,897			(18,235	)		4,441			5,068			(23,526	)
Foreign currency translation adjustments		-			-			89
Other comprehensive income:
Comprehensive (loss) attributable to Golden River Resources stockholders		(456	)		(1,144	)		(28,334	)
Foreign currency translation adjustments		-			-			-			-			89
Amounts attributable to Golden River Resources stockholders:
Comprehensive income/ (loss) attributable to Golden River Resources stockholders		4,897			(18,235	)		4,441			5,068			(23,437	)
Basic and diluted net (loss) per common equivalent shares
Amounts attributable to Golden River Resources stockholders:
Net (loss) from continuing operations per share		-			-			(1.00	)
Basic and diluted net gain/(loss) per common equivalent share
Net (loss) from discontinued operations per share		(0.01	)		(0.02	)		(0.96	)
Net gain/(loss) from continuing operations per share		(0.01	)		0.11			(0.01	)		0.11			(0.97	)
Basic and diluted net (loss) per common equivalent shares		(0.01	)		(0.02	)		(1.96	)
Net gain/(loss) from discontinued operations per share		0.10			(0.43	)		0.09			(0.02	)		(0.54	)
Weighted average number of common equivalent shares used per share calculation		56,807			56,807			14,473
Basic and diluted net gain/(loss) per common equivalent shares		0.09			(0.32	)		0.08			(0.09	)		(1.51	)
Weighted average number of common equivalent shares used per share calculation		56,807			56,807			56,807			56,807			15,488

The accompanying notes are an integral part of the consolidated financial statements.

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Statements of Cash Flows

~~Three~~Six Months Ended ~~September~~December 3031, 2012 and 2011 and for the cumulative period

July 1, 2002 (inception of exploration activities) to ~~September~~December 3031, 2012

(Unaudited)

	Three Months Ended September 30, 2012 CDN$000’s			Three Months Ended September 30, 2011 CDN$000’s			July 1, 2002 to September 30, 2012 CDN$000’s
	Six Months Ended December 31, 2012 CDN$000’s			Six Months Ended December 31, 2011 CDN$000’s			July 1, 2002 to December 31, 2012 CDN$000’s
CASH FLOW FROM OPERATING ACTIVITIES
CASH FLOW FROM OPERATING ACTIVITIES – CONTINUING OPERATIONS
Net (loss)		(774	)		(1,542	)		(42,610	)
Net income/(loss)		(752	)		(6,082	)		(15,138	)
Less: loss from discontinued operations		(667	)		(1,417	)		(28,117	)
Adjustments to reconcile net income/(loss) to net cash (used) in operating activities
(Loss) from continuing operations		(107	)		(125	)		(14,493	)
Foreign currency exchange loss		15			20			458
Adjustments to reconcile net (loss) to net cash (used) in operating activities
Foreign currency exchange loss		3			16			446
Stock based compensation		-			-			2,721
Benefit/(provision) for deferred income taxes		-			(406,373	)		-
Equity in losses of non-consolidated entities		-58			-			~~260~~318
Loss on equity investment		335			-			335
Accrued interest added to principal		-			-			173
Net change net of acquisition in:
Net change net of disposition and acquisition in:
Receivables		(262	)		(12	)		(~~936~~872	)
Staking deposit		-			-			22
Prepaid expenses and deposits		1019			(108	)		(2920	)
Accounts payable and accrued expenses		(~~115~~256	)		235			45(96	)
Net Cash (Used) in Continuing Activities		(211	)		(148	)		(11,791	)
Net Cash (Used) in Operating Activities		(519	)		(281	)		(12,099	)
Net Cash (Used) in Discontinued Activities		(792	)		(1,285	)		(13,572	)
Net Cash (Used) in Operating Activities		(1,003	)		(1,433	)		(25,363	)
CASH FLOW FROM INVESTING ACTIVITIES
Acquisition of majority owned subsidiary, net of cash acquired		-			(80	)		(1011,~~142~~555	)
Proceeds of disposal of subsidiary(net)		-1,996			-			13,~~618~~614
Purchase of plant and equipment		-			-			(25	)
Net Cash Provided by/(Used) In Continuing Investing Activities		-			(80	)		(8,549	)
Net Cash Provided by/(Used) In Investing Activities		1,996			(80	)		(7,966	)
Net Cash Provided by/(Used) In Discontinued Investing Activities		825			171			12,431
Net Cash Provided by/(Used) In Investing Activities		825			91			3,882
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings from affiliates		~~461~~404			~~(262~~356	)		6,~~314~~257
Repayments to affiliates		-(1,874	)		-			(57,~~464~~338	)
Proceeds from issuance of stock		-			-			13,861
Sale of warrants (net)		-			-			4,749
Re-purchase of warrants		-			-			(579	)
Proceeds from loan payable		-			-			3,261
Net Cash (Used) In Continuing Financing Activities		461			(262	)		22,142
Net Cash Provided by/(Used) In Financing Activities		(1,470	)		356			20,211
Net Cash Provided by/ (Used) In Discontinued Financing Activities		60			900			(96	)
Discontinued Operations
Net Cash Provided by/(Used) In Financing Activities		521			(638	)		22,046
Net gain/(loss)		5,193			(1,019	)		(8,388	)
Effects of Exchange Rate on Cash		(2	)		(2	)		(149	)
Operating activities		349			1,019			13,930
Net Increase/(Decrease) in Cash		341			(1,982	)		416
Gain on disposal of subsidiary		(5,542	)		-			(5,542	)
Cash at Beginning of Period		75			3,792			-
Net cash flows provided by discontinued operations		-			-			-
Cash at End of Period - Continuing Operations		9			43			9
Effects of Exchange Rate on Cash		12			(2	)		(116	)
Cash at End of Period - Discontinued Operation		407			1,767			407
Net Increase/(Decrease) in Cash		19			(7	)		30
Total Cash at End of Period		416			1,810			416
Cash at Beginning of Period		11			8			-
Total Cash at End of Period		30			1			30
Supplemental Disclosures
Interest Paid		-			3-			~~527~~340
NON CASH FINANCING ACTIVITY
Debt repaid through issuance of shares		-			-			5,771
Write off of plant and equipment		-			-			170
Stock options recorded as deferred compensation		-			-			1,258
Extinguishment of related party debt		-			-			593
Stock issued for acquisition of properties		-			-			627

The accompanying notes are an integral part of the consolidated financial statements.

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Statements of Stockholders’ Equity (Deficit)

~~September~~December 3031, 2012

and for the cumulative period July 1, 2002

(inception of exploration activities) to ~~September~~December 3031, 2012

(Unaudited) ~~Continued~~

	Shares		Common Stock Amount		Treasury Stock, at Cost			Additional Paid-in Capital			Retained Profit/(Deficit) during the Exploration stage			Retained (Deficit) prior to Exploration stage			Deferred ~~Compensation~~Compen-sation			Non- Controlling Interests		Total
		000’s	CDN$000’s		CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s		CDN$000’s
Balance June 30, 2002		635		-	$	$(19	)	$	$24,061			-		$	$(25,209	)		-			-	$	$(1,167	)
Net loss		-		-					-		$	(639	)		-			-			-		(639	)
Net (loss)		-		-					-			$(639	)		-			-			-		(639	)
Balance June 30, 2003		635		-	$	$(19	)	$	$24,061		$	$(639	)	$	$(25,209	)		-			-	$	$(1,806	)
Issuance of 175,398 shares and warrants in lieu of debt repayment		175		-		-		$	$2,331			-			-			-			-	$	$2,331
Sale of 167,000 shares and warrants		167		-		-		$	$2,221			-			-			-			-	$	$2,221
Issuance of 694,306 shares on cashless exercise of options		694		-		-			-			-			-			-			-	$	$0
Net (loss)		-		-		-			-		$	$(1,933	)		-			-			-	$	$(1,933	)
Balance June 30, 2004		1,671		-	$	$(19	)	$	$28,613		$	$(2,572	)	$	$(25,209	)		-			-	$	$813
Issuance of 140,000 options under 2004 stock option plan		-		-		-		$	$1,646			-			-		$	$(1,646	)		-	$	$0
Amortization of 140,000 options under 2004 stock option plan		-		-		-			-			-			-		$	$1,095			-	$	$1,095
Net/(loss)		-		-		-			-		$	(3,173	)		-			-			-	$	(3,173	)
Net (loss)		-		-		-			-			$(3,173	)		-			-			-		$(3,173	)
Balance June 30, 2005		1,671		-	$	$(19	)	$	$30,259		$	$(5,745	)	$	$(25,209	)	$	$(551	)		-	$	$(1,265	)
To eliminate deferred compensation against Additional Paid-In Capital		-		-		-		$	$(551	)		-			-		$	$551			-	$	$0
Issuance of 1,000,000 shares and 2,000,000 options in lieu of debt repayment		1,000		-		-		$	$3,321			-			-			-			-	$	$3,321
Capital gain on shares and options issued in lieu of debt repayment		-		-		-		$	$(1,610	)		-			-			-			-	$	$(1,610	)
Sale of 2,000,000 normal warrants		-		-		-		$	$827			-			-			-			-	$	$827
Sale of 1,000,000 special warrants		-		-		-		$	$887			-			-			-			-	$	$887
Amortization of 140,000 options under 2004 stock option plan		-		-		-		$	$532			-			-			-			-	$	$532
Net (loss)		-		-		-			-		$	$(1,219	)		-			-			-	$	$(1,219	)
Balance June 30, 2006		2,671		-	$	$(19	)	$	$33,665		$	$(6,964	)	$	$(25,209	)	$	$-			-	$	$1,473

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Statements of Stockholders’ Equity (Deficit)

~~September~~December 3031, 2012

and for the cumulative period July 1, 2002

(inception of exploration activities) to ~~September~~December 3031, 2012

(Unaudited) Continued

	Shares		Common Stock Amount		Treasury Stock, at Cost			Additional Paid-in Capital			Retained Profit/(Deficit) during the Exploration stage			Retained (Deficit) prior to Exploration stage			Deferred ~~Compensation~~Compen-sation		Non- Controlling Interests			Total
		000’s	CDN$000’s		CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s		CDN$000’s			CDN$000’s
Costs associated with sale of normal and special warrants		-		-		-		$	$(3	)		-			-			-		-		$	$(3	)
Amortization of 140,000 options under 2004 stock option plan		-		-		-		$	$19			-			-			-		-		$	$19
Amortization of 465,000 options under 2006 stock option plan		-		-		-		$	$510			-			-			-		-		$	$510
Net (loss)		-		-		-			-		$	$(1,917	)		-			-		-		$	$(1,917	)
Balance June 30, 2007		2,671	$	$-	$	$(19	)	$	$34,191		$	$(8,881	)	$	$(25,209	)	$	$-		-		$	$82
Amortization of 465,000 options under 2006 stock option plan		-		-		-		$	$333			-			-			-		-			$333
Net (loss)		-		-		-			-		$	$(1,046	)		-			-		-		$	$(1,046	)
Balance June 30, 2008		2,671	$	$-	$	$(19	)	$	$34,524		$	$(9,927	)	$	$(25,209	)	$	$-		-		$	$(631	)
Amortization of 465,000 options under 2006 stock option plan		-		-		-		$	$173			-			-			-		-			$173
Sale of 10,000,000 shares		10,000	$	$1		-		$	$681			-			-			-		-			$682
Forgiveness of advances from affiliate		-		-		-		$	$588			-			-			-		-			$588
Net (loss)		-		-		-			-		$	$(1,295	)		-			-		-		$	$(1,295	)
Balance June 30, 2009		12,671	$	$1	$	$(19	)	$	$35,966		$	$(11,222	)	$	$(25,209	)	$	$-		-		$	$(483	)
Amortization of 465,000 options under 2006 stock option plan		-		-		-		$	$39			-			-			-				$	$39
Sale of 9,960,351 shares		9,960	$	$1		-		$	$10,763			-			-			-		-		$	$10,764
Issuance of 300,000 shares as part purchase price of mining properties		300		-		-		$	$627			-			-			-		-		$	$627
Re-purchase of warrants		-		-		-		$	$(579	)		-			-			-		-		$	$(579	)
Net loss from operations		-		-		-			-		$	(4,206	)		-			-		-		$	(4,206	)
Net (loss) from continuing operations		-		-		-			-			$(4,206	)		-			-		-			$(4,206	)
Net profit from discontinued operations		-		-		-			-			$14,489			-			-		-			$14,489
Adjustment for additional investment in consolidated subsidiary		-		-		-		$	$1,994			-			-			-	$	$(1,994	)		-
Fair value of non-controlling interest		-		-		-			-			-			-			-	$	$20,552		$	$20,552
Net loss attributable to non-controlling interests		-		-		-			-		$	1,404			-			-	$	(1,404	)		-
Net (loss) attributable to non- controlling interests		-		-		-			-			$1,404			-			-		$(1,404	)		-
Balance June 30, 2010		22,931	$	$2	$	$(19	)	$	$48,810		$	$465		$	$(25,209	)	$	$-	$	$17,154		$	$41,203

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Consolidated Statements of Stockholders’ Equity (Deficit)

~~September~~December 3031, 2012

and for the cumulative period July 1, 2002

(inception of exploration activities) to ~~September~~December 3031, 2012

(Unaudited) Continued

	Shares		Common Stock Amount		Treasury Stock, at Cost			Additional Paid-in Capital			Retained Profit/(Deficit) during the Exploration stage			Retained (Deficit) prior to Exploration stage			Deferred ~~Compensation~~Compen-sation		Non-Controlling Interests			Total
		000’s	CDN$000’s		CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s			CDN$000’s		CDN$000’s			CDN$000’s
Issue of 33,875,000 shares		33,876	$	$3		-		$	$3,094			-			-			-		-		$	$3,097
Amortization of 800,000 options under employee stock option plan		-		-		-		$	$162			-			-			-		-		$	$162
Net (loss) continuing operations		-		-		-			-		$	(4,827	)		-			-		-		$	(4,827	)
Net (loss) from continuing operations		-		-		-			-			$(4,827	)		-			-		-			$(4,827	)
Net (loss) from discontinued operations		-		-		-			-		$	$(2,948	)		-			-		-		$	$(2,948	)
Adjustment for additional investment in consolidated subsidiary		-		-		-		$	$1,512			-			-			-	$	$(1,512	)	$	$0
Adjustment due to issue of shares by subsidiary		-		-		-			-			-			-			-	$	$10		$	$10
Net loss attributable to non-controlling interests		-		-		-			-		$	846			-			-	$	(846	)	$	0
Net (loss) attributable to non- controlling interests		-		-		-			-			$846			-			-		$(846	)		$0
Balance June 30, 2011		56,807	$	$5	$	$(19	)	$	$53,578		$	$(6,464	)	$	$(25,209	)	$	$-	$	$14,806		$	$36,697
Amortization of 1,100,000 options under employee stock option plan		-		-		-		$	$58			-			-			-		-		$	$58
Net (loss) continuing operations		-		-		-			-		$	5,958			-			-		-		$	5,958
Net profit from continuing operations		-		-		-			-			$5,958			-			-		-			$5,958
Net (loss) from discontinued operations		-		-		-			-		$	$(38,991	)		-			-		-		$	$(38,991	)
Adjustment for additional investment in consolidated subsidiary		-		-		-		$	$168			-			-			-	$	$(248	)	$	$(80	)
Adjustment for sale of investment in consolidated subsidiary		-		-		-		$	$(1,634	)		-			-			-	$	$3,252		$	$1,618
Net loss attributable to non-controlling interests		-		-		-			-		$	11,619			-			-	$	(11,619	)	$	0
Net (loss) attributable to non- controlling interests		-		-		-			-			$11,619			-			-		$(11,619	)		$0
Balance June 30, 2012		56,807	$	$5	$	$(19	)	$	$52,170		$	$(27,878	)	$	$(25,209	)	$	$-	$	$6,191		$	$5,260
Amortization of 1,100,000 options under employee stock option plan		-		-		-		$	$1			-			-			-		-		$	$1
Net (loss) continuing operations		-		-		-			-		$	(107	)		-			-		-		$	(107	)
Net profit from continuing operations		-		-		-			-			$(752	)		-			-		-			$(752	)
Net (loss) from discontinued operations		-		-		-			-		$	$(~~667~~4,880	)		-			-		-		$	$(~~667~~4,880	)
Net loss attributable to non-controlling interests		-		-		-			-		$	318			-			-	$	(318	)	$	0
Adjustment for deconsolidation of subsidiary		-		-		-			-			-			-			-		$(5,878	)		$(5,878	)
Balance September 30, 2012		56,807	$	5	$	(19	)	$	52,171		$	(28,334	)	$	(25,209	)	$	-	$	5,873		$	4,487
Net (loss) attributable to non- controlling interests		-		-		-			-			$313			-			-		$(313	)		$0
Balance December 31, 2012		56,807		$5		$(19	)		$52,171			$(23,437	)		$(25,209	)		$-		$-			$3,511

The accompanying notes are an integral part of the consolidated financial statements.

GOLDEN RIVER RESOURCES CORPORATION AND SUBSIDIARIES

(An Exploration Stage Company)

Notes to Consolidated Financial Statements

~~September~~December 3031, 2012

(1)	Organisation

Golden River Resources Corporation (“Golden River Resources”) is incorporated in the State of Delaware. The principal shareholder of Golden River Resources is Northern Capital Resources Corporation (“NCRC”) which owned 96.6% of Golden River Resources as of ~~September~~December 3031, 2012.

Golden River Resources is a gold exploration company focusing its activities in Canada. On March 17, 2009, the Company announced that it had reached agreement with Acadian Mining Corporation (TSX: ADA) ("Acadian") to subscribe in a private placement transactions for common shares in Acadian and since that time, it acquired an interest by June 30, 2011 of 71.48%. In February 2012, it sold 19.9% of Acadian and atsince ~~September~~that ~~30,~~time ~~2012~~ it ~~holds~~has ~~52.06% of Acadian. Since September 30, 2012, Golden River Resources~~ sold a further 1929.980% ofinterest ~~Acadian~~ and asat aDecember ~~result~~31, ~~holds~~2012 ait 32holds 22.1620% ~~interest~~of in Acadian. ~~On November 12, 2012,~~ Golden River Resources ~~gave~~has given notice under the Canadian early warning regime that it intends to sell a further ~~18%~~ interest in Acadian, and if it proceeds with that sale, it will hold a 147.1625% interest in Acadian (~~see~~Note ~~notes~~ 8 ~~and 11~~).

The financial statements presented herein have been prepared on a consolidated basis to include the accounts of Golden River Resources and its ~~other~~subsidiary ~~subsidiaries~~ (collectively “the Company”). All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation, including amounts related to discontinued operations.

Effective November 1, 2010, the Company had a 1-for-10 reverse stock split of its Common Stock and accordingly, all share and per share data has been retroactively restated.

In November 2010, Acadian consolidated its outstanding common shares on a basis of one post-consolidation share for every ten pre-consolidation shares as approved by the shareholders of Acadian. Acadian’s common shares commenced trading on a consolidated basis on November 17, 2010. All comparative figures have been retroactively adjusted as if this share consolidation occurred on January 1, 2010.

The Company's consolidated financial statements are prepared using ~~generally~~US ~~accepted~~GAAP ~~accounting principles~~ applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, Golden River Resources is an exploration stage company which has not yet commenced revenue producing operations and has sustained recurring losses since inception, all of which raises substantial doubt as to its ability to continue as a going concern.

In addition, Golden River Resources has historically relied on loans and advances from corporations affiliated with the President of Golden River Resources and fund raising through the sale of equity instruments. Based on discussions with these affiliate companies, the Company believes this source of funding will continue to be available.

Other than the arrangements noted above, the Company has not confirmed any other arrangement for ongoing funding. The Company’s ability to continue operations through fiscal 2013 is dependent upon future funding from capital raisings, or its ability to commence revenue producing operations and positive cash flows.

(2)	Recent Accounting Pronouncements

Management believes that there were no recently issued or not yet effective accounting pronouncements that if adopted, would have a material effect on the accompanying consolidated financial statements.

(3)	Affiliate Transactions

Golden River Resources advances to and receives advances from various affiliates. ~~All advances between consolidated affiliates are eliminated on consolidation.~~

The Company has entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company. AXIS is affiliated through common management. The Company is one of ten affiliated companies to which AXIS provides services. Each of the companies has some common Directors, officers and shareholders. Golden River Resources holds a 9.09% interest in AXIS at a cost of A$1 and is accounted for under the cost method. Any profits generated by AXIS are returned to its shareholders in the form of dividends.

During the six months ended December 31, 2012, AXIS repaid the Company CDN$404,000 and provided services in accordance with the service agreement of CDN$269,000 and the Company advanced AXIS CDN$792,000. The amount owed by AXIS at December 31, 2012 was CDN$598,000 and is reflected in non current assets – receivables from affiliates. During the six months ended December 31, 2012, the Company did not charge interest.

During the ~~three~~six months ended ~~September~~December 3031, ~~2012~~2011, AXIS ~~repaid~~advanced the Company CDN$~~404~~231,000 and provided services in accordance with the service agreement of CDN$57127,000. The amount owed to AXIS at ~~September~~December 3031, ~~2012~~2011 was CDN$18413,000 and isduring ~~reflected in non-current assets – receivables from affiliates. During~~ the ~~three~~six months ended ~~September~~December 3031, ~~2012~~2011, AXIS did not charge interest. The amount owing to AXIS has been repaid in the third quarter of 2012.

During fiscal 2010, the ~~three~~Company ~~months~~sold ~~ended~~shares ~~September~~of 30common stock to NCRC, ~~2011~~a Nevada corporation, ~~AXIS~~pursuant ~~advanced~~to certain subscription agreements. Mr Joseph Gutnick, the Company’s ~~CDN$168~~President,~~000~~ is the Chairman and ~~provided~~Chief ~~services~~Executive inOfficer ~~accordance~~of ~~with~~NCRC. In ~~the~~addition, ~~service~~Legend ~~agreement~~International ofHoldings, ~~CDN$93~~Inc.,~~000~~ of which Mr. ~~The~~Gutnick ~~amount~~is ~~owed~~the toChairman ~~AXIS~~and atChief ~~September~~Executive 30Officer and a principal stockholder, ~~2011~~owns ~~was~~31.46% ~~CDN$315~~of NCRC. As of December 31,~~000~~ 2012, NCRC owned approximately 96.6% of the outstanding common stock of the Company. During the ~~three~~six months ended ~~September~~December 3031, ~~2011~~2012 the Company advanced NCRC CDN$1,193,000 ~~AXIS~~and ~~did~~is ~~not~~reflected ~~charge~~in non current assets – receivables from affiliates. This loan is non interest bearing.

During ~~fiscal 2010,~~ the ~~Company~~six ~~sold~~months ~~shares~~ended ofDecember ~~common stock to NCRC~~31, ~~a Nevada corporation~~2012, ~~pursuant~~Golden toRiver ~~certain~~advanced ~~subscription~~Acadian ~~agreements.~~CDN$140,000 Mrin ~~Joseph~~funds ~~Gutnick,~~for ~~the~~operating ~~Company’s~~expenditure ~~President,~~and isincurred ~~the~~expenditure ~~Chairman~~on ~~and~~behalf ~~Chief~~of ~~Executive~~Acadian ~~Officer~~ of ~~NCRC~~CDN$2,000. In ~~addition,~~This ~~Legend~~loan ~~International~~is ~~Holdings,~~non ~~Inc.,~~interest ofbearing ~~which~~and ~~Mr. Gutnick~~ is ~~the~~due ~~Chairman~~on ~~and~~or ~~Chief~~before ~~Executive~~June ~~Officer~~6, ~~and~~2014. As aof ~~principal~~December ~~stockholder~~31, ~~owns~~2012 ~~31.46%~~the ofamount ~~NCRC.~~remains Asunpaid and ofis ~~September~~reflected ~~30,~~in ~~2012,~~non ~~NCRC~~current ~~owned~~assets ~~approximately~~– ~~96.6%~~investment ofin ~~the~~and ~~outstanding~~receivable ~~common~~from ~~stock~~unconsolidated ofentity(see ~~the~~note ~~Company~~7).

During the three months ended September 30, 2012, Golden River advanced Acadian CDN$140,000 in funds for operating expenditure. This loan is non interest bearing and is due on or before June 6, 2014. As of September 30, 2012 the amount remains unpaid. The amount owed to Golden River by Acadian eliminates at consolidation.

(4)	Issue of Options under Stock Option Plan

In October 2004, the Board of Directors and Remuneration Committee of the Company adopted a Stock Option Plan. The Company issued 605,000 options under the plan. At ~~September~~December 3031, 2012, the options are fully vested.

Since the issue of the options, 120,000 options have lapsed following the termination of participants to the issue.

A summary of the options outstanding and exercisable at ~~September~~December 3031, 2012 are as follows:

Outstanding

Exercisable

Number of options

80,000

405,000

80,000

405,000

Exercise price

CDN$10.00

CDN$3.08

CDN$10.00

CDN$3.08

Expiration date

October 15, 2014

October 15, 2016

October 15, 2014

October 15, 2016

~~Acadian~~(5) Profit /(Loss) per share

At the annual and special meeting of shareholders of Acadian held on June 14, 2007, the shareholders adopted a 10% "rolling" incentive stock option plan (the "Plan"). Options granted under the Plan have a five-year term. Options are granted at a price no lower than the market price of the common shares at the time of the grant. The rules of the Toronto Stock Exchange ("TSX") provide that all unallocated options issuable under a "rolling" stock option plan must be approved by shareholders every three years after institution of the stock option plan. The plan was approved at the Annual General Meeting of Acadian held June 24, 2010. In determining the stock-based compensation expense, in fiscal 2011, the fair value of the options issued were estimated using a Black-Scholes option pricing model with the weighted average assumptions used of risk-free interest rate of 1.50%, expected dividend yield of 0.00% expected stock price volatility of 62%, expected life of options of 5 years and grant date fair value CDN$0.30 (see notes 8 and 11).

Acadian options currently outstanding are:

On June 15, 2010, the Company granted 500,000 options to one director of the Company with an exercise price of CDN$0.45 per share expiring June 15, 2015, to be vested one-third on grant date, one-third after 12 months from grant date and one-third after 24 months from grant date. The total value of the options equates to CDN$138,765 and such amount is amortized over the vesting period. At September 30, 2012 the options were fully vested.

A summary of the Acadian options outstanding and exercisable at September 30, 2012 are as follows:

	Outstanding	Exercisable
Number of options	500,000	500,000
Exercise price	CDN$0.45	CDN$0.45
Expiration date	June 15, 2015	June 15, 2015

On August 18, 2010, the Company granted 300,000 Acadian options to three directors of the Company with an exercise price of CDN$0.45 per share expiring August 18, 2015, to be vested one-third on grant date, one-third after 12 months from grant date and one-third after 24 months from grant date. The total value of the options equates to CDN$56,349 and such amount is amortized over the vesting period. For the three months ending September 30, 2012, stock based compensation expense relating to stock options was CDN$1,565. At September 30, 2012 the options were fully vested.

A summary of the Acadian options outstanding and exercisable at September 30, 2012 are as follows:

	Outstanding	Exercisable
Number of options	300,000	300,000
Exercise price	CDN$0.45	CDN$0.45
Expiration date	August 18, 2015	August 18, 2015

On June 23, 2011, Acadian granted 100,000 options to its Chief Financial Officer with an exercise price of CDN$0.45 per share, expiry date of June 23, 2016 to be vested one third on grant date, one third after 12 months from grant date and one third after 24 months from grant date. The total value of the options equates to CDN$12,338 and such amount is amortized over the vesting period. For the three months ended September 30, 2012, stock based compensation expense relating to stock options was CDN$514.

A summary of the options outstanding and exercisable at September 30, 2012 are as follows:

	Outstanding	Exercisable
Number of options	100,000	66,666
Exercise price	CDN$0.45	CDN$0.45
Expiration date	June 23, 2016	June 23, 2016

As at September 30, 2012, there was CDN$1,542 of unrecognized compensation cost, before income taxes, related to unvested stock options.

On July 13, 2011, the Company granted an aggregate of 200,000 options to seven employees with an exercise price of $0.45 per share, expiring July 13, 2016, to be vested one third on grant date, one third 12 months from grant date and one third 24 months from grant date. The total value of the options equates to CDN$20,712 and such amount is amortised over the vesting period. During the three months ended September 30 ,2012 30,000 options lapsed. For the three months ending September 30, 2012, stock based compensation expense relating to stock options was CDN$(454).

A summary of the options outstanding and exercisable at September 30, 2012 are as follows:

	Outstanding	Exercisable
Number of options	170,000	113,322
Exercise price	CDN$0.45	CDN$0.45
Expiration date	July 13, 2016	July 13, 2016

As at September 30, 2012, there was CDN$1,467 of unrecognized compensation cost, before income taxes, related to unvested stock options.

(5) (Loss) per share

The Company calculates profit/(loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic profit/(loss) per share is computed based on the weighted average number of common shares outstanding during the period.

The following table reconciles the diluted weighted average shares outstanding used for the computation:

	Three months ended September 30
		2012	2011
Diluted weighted average shares		‘000	‘000
Basic		56,807	56,807
Effect of employee stock based awards		-	-
Diluted weighted average shares outstanding		56,807	56,807

Options to acquire 485,000 shares of common stock were not included in the diluted weighted average shares outstanding as such effects would be anti-dilutive.

(6) ~~Commitments~~Fair Value Of Financial Instruments

InThe ~~July~~Company’s ~~2011,~~financial ~~Acadian~~instruments ~~entered~~consist ~~into~~of acash, ~~lease~~receivables, ~~for~~accounts anpayable, ~~office~~accrued ~~premise~~expenses, ~~with~~note ~~minimum~~receivable ~~annual~~and ~~lease~~advances ~~payments~~due offrom ~~CDN$112,682~~affiliates. The ~~lease~~carrying ~~begins~~amounts onof ~~July 1~~receivables, ~~2011~~accounts payable and ~~ends~~accrued onexpenses, ~~June~~note ~~30,~~receivable ~~2016~~approximate ~~with~~their arespective ~~right~~fair values because of the short maturities of these expenses. The fair values of advances due/from affiliates are not practicable to ~~terminate~~estimate ~~after~~as ~~June~~no ~~30,~~similar ~~2013~~market exists for these instruments and as it does not have a ~~penalty~~specified ~~equal~~date toof ~~four~~repayment. ~~months~~The ~~base~~Company’s ~~rent~~investment in unconsolidated subsidiary approximate fair value (see note 7).

Acadian is committed to minimum annual lease payments of CDN$103,607 on its office premises until October 2013. Effective September 1, 2010, Acadian sublet the office premises for a rental equivalent of the lease commitment.10

~~Future~~(7) ~~minimum~~Investments ~~contractual~~In ~~obligations~~and ~~under~~Receivable ~~operating~~From ~~leases~~Acadian ~~are~~Mining asCorporation ~~follows:~~(“Acadian”)

	CDN$
2013		147,896
2014		128,124
2015		128,124
2016		128,124
		532,268

The Company‘s interest in Acadian at December 31, 2012 is 22.20%. At December 31, 2012 the carrying value of the investment was CDN$1,167,000. For the two months ended December 31, 2012, the Company recorded an equity loss in Acadian of CDN$58,000. At December 31, 2012, the investment in the unconsolidated entity is accounted for under the equity method.

~~Total~~The ~~rent~~following ~~expense~~table ~~incurred~~presents bysummary ~~the~~unaudited ~~Company~~financial ~~amounted~~information tofor ~~CDN$32~~Acadian as of December 31,~~032~~ 2012 and for the ~~three~~six months then ended. ~~September~~Such ~~30,~~summary ~~2012~~financial ~~and~~information ~~CDN$15,061~~has ~~for~~been provided herein based upon the ~~three~~individual ~~months~~significance ~~ended~~of ~~September~~this ~~30,~~unconsolidated ~~2011.~~equity investment to the consolidated financial information of the Company:

(7) Fair Value Of Financial Instruments

	December 2012 CDN$000s
Current assets		688
Non- current assets		497
Total assets		1,185
Current liabilities		901
Total liabilities		901
Total shareholders’ equity		284
Net (loss)		(231	)

The ~~Company’s~~excess ~~financial~~carrying ~~instruments~~value ~~consist~~ of ~~cash,~~this ~~receivables,~~equity ~~accounts~~investment ~~payable,~~to ~~accrued~~the ~~expenses,~~Company’s ~~convertible~~share ~~debenture~~of ~~and~~underlying ~~advances~~equity ~~from~~in ~~affiliates.~~the ~~The~~net ~~carrying~~assets ~~amounts~~ of ~~receivables,~~the ~~accounts~~investee ~~payable~~at ~~and~~December ~~accrued expenses~~31, ~~convertible~~2012 ~~debenture~~is ~~approximate~~CDN$1,104,000 ~~their~~and ~~respective~~represents ~~fair~~mineral ~~values~~rights ~~because~~which ofhave ~~the~~indefinite ~~short maturities of these expenses~~lives. The ~~fair~~CDN$1,167,000 ~~values~~carrying value of ~~advances~~the ~~due/from~~Company’s ~~affiliates~~22.2% ~~are~~interest ~~not~~in ~~practicable~~Acadian toapproximates ~~estimate~~fair asvalue ~~no similar market exists for these instruments and as it does not have a specified date~~ of ~~repayment~~Acadian.

~~(8)~~The ~~Discontinued~~Company’s ~~Operations~~investment in and receivables from Acadian at December 31, 2012 is composed of the following:

At September 30, 2011, the Company’s holding in Acadian was 71.96%.

	CDN$000s
Fair value of equity investment		1,167
Note receivable (note 9)		438
Advance receivable (note 3)		142
Investment in and receivable from unconsolidated entity		1,747

In(8) ~~September 2012, after approaches from third parties, the Company’s board of directors authorised management to begin negotiations with interested parties to sell its interest in Acadian.~~Deconsolidation

AsAt aDecember ~~result~~31, ~~of this decision~~2011, ~~as well as additional circumstances surrounding~~ the ~~expected~~Company’s ~~sale~~holding ofin Acadian inwas ~~the~~71.96%. ~~third~~In ~~quarter~~February of 2012, ~~Acadian has met~~ the ~~criteria~~Company ~~with~~sold ~~respect to discontinued operations~~19.9% ~~Therefore all the assets and liabilities~~ of Acadian have been included as assets and liabilities held for sale within the Company’s consolidated financial statements for the periods presented and further presented as discontinued operations in the consolidated statements of operations, cash flows and stockholders equity.

~~Upon~~In September 2012, after approaches from third parties, the ~~completion~~Company’s board of ~~divesting~~directors ofauthorised management to begin negotiations with interested parties to sell its remaining interest in Acadian. inAs at October 31, 2012 the ~~next~~Company ~~quarter~~had completed the sale of 10,783,145 ~~management~~common ~~will~~shares noof ~~longer~~Acadian ~~have~~that ~~any~~it ~~significant~~owned ~~continuing~~for ~~involvement~~CND$1,401,809, inrepresenting approximately 19.9% of Acadian’s ~~operations~~common shares. The common shares were sold to an unaffiliated third party, at a price of CND$0.13. As at December, 31 2012 the Company had sold a further 5,400,000 common shares of Acadian that it owned for CDN$594,000. The common shares were sold to an unaffiliated third party, at a price of CND$0.11.

~~Assets~~As at October 31, 2012 upon the sale of approximately 19.90% of its investment in Acadian, the Company lost its controlling interest in Acadian. The sale resulted in a gain in the amount of CDN$5,542,000 which represents (i) the cash proceeds from the sale and the fair value of the retained interest and (ii) the net liabilities ~~held~~of ~~for~~Acadian ~~sale~~at ~~consist~~the date of consolidation. The gain is included in the ~~following:~~Consolidated Statements of Comprehensive Income under gain on deconsolidation. The fair value of the remaining investment in Acadian was based on the recent sale of Acadian shares to unrelated parties by the Company.

	September 30, 2012 CDN$			June 30, 2012 CDN$
Assets
Current assets		782,565			173,720
Cash held for remediation		108,830			108,830
Property, plant and equipment		407,565			725,579
Mineral rights		3,449,250			4,180,958
Total assets held for sale		4,748,210			5,189,087
Liabilities
Current liabilities		300,855			356,999
Total liabilities related to assets held for sale		300,855			356,999
Non-controlling interests		5,873,074			6,190,744
Net book value of assets held for sale		(1,425,719	)		(1,358,656	)

Assets and liabilities at October 31, 2012, the date of deconsolidation and the comparative June 30, 2012 consist of the following:

	October 31, 2012 CDN$			June 30, 2012 CDN$
Assets
Current assets		974,706			173,720
Cash held for remediation		108,830			108,830
Property, plant and equipment		399,036			725,579
Mineral rights		3,264,729			4,180,958
Total assets		4,747,301			5,189,087

Liabilities
Current liabilities		856,896			356,999
Total liabilities related to assets		856,896			356,999
Non-controlling interests		5,878,548			6,190,744
Net book value of assets at deconsolidation		(1,988,143	)		(1,358,656	)

~~As a result of the expected sale of the Company’s interest in Acadian, the Company recorded a loss on discontinued operations for the three months ended September 30, 2012 of CDN$667,000.~~11

The ~~following~~Company’s ~~table~~interest ~~summarises~~in Acadian at December 31, 2012 is 22.20%. On February 11, 2013, the ~~components~~Company gave notice under the Canadian early warning regime that it intends to sell a further interest in Acadian which would decrease the Company’s holding in Acadian to 7.25%. At December 31, 2012, the Company reviewed the carrying amount of ~~discontinued~~its ~~operations:~~investment in Acadian, and as a result, recorded an impairment adjustment in the amount of CDN$335,000.

	Three months ended September 30, 2012 CDN$			Three months ended September 30, 2011 CDN$
Stock based compensation		1,625			21,433
Exploration expenditure		142,278			961,586
Depreciation and amortization		20,601			25,335
Interest expense		4,284			2,486
Legal, accounting and professional		46,566			86,504
Administration expenses		269,233			319,587
Loss on sale of assets		182,225			-
Net loss from discontinued operations		666,812			1416,931
Non-controlling interest on discontinued operations		(317,670	)		398,645
Net loss attributable to Golden River Stockholders		349,142			1,018,286

(9) Note Receivable

AsDuring afiscal ~~result~~2012, Golden River purchased $420,000 of ~~the~~debentures ~~expected~~in ~~sale~~its former consolidated subsidiary Acadian. The debentures are unsecured and convertible into common shares of the ~~Company~~Acadian at the holder’s ~~interest~~option inat ~~Acadian~~a ~~(see~~price ~~note~~of ~~11)~~$0.12 per common share, currently, at any time to June 6, 2014. Should the Company ~~expects~~choose not to ~~deconsolidate~~convert ~~this~~the ~~investment~~debenture into common shares within the time then the debenture will be repayable in ~~quarter~~full ~~ending~~at the end of that period. The debentures have an interest rate of 8% per annum accruing daily and compounded monthly in arrears. Such interest will only become payable in the event that the Company does not elect to convert the debentures into common shares. The amount of interest payable to the Company as at December 31, 2012 is CDN$18,000. The total amount payable to the Company at December 31, 2012 is CDN$438,000 and is reflected in non current assets – investment in and receivable from unconsolidated subsidiary.

Cash flows from discontinued operations for all periods presented are excluded from continuing operations of the categories presented.

(9) Convertible Debentures

On May 8, 2012, the Board of Directors of the Acadian approved an issuance of $600,000 principal amount of unsecured convertible debentures (the “debentures”) through a private placement transaction (the “private placement”) with its two major shareholders, Golden River and Igneous Capital. Pursuant to the private placement, Golden River will purchase up to $420,000 principal amount of debentures and Igneous will purchase up to $180,000 principal amount of debentures. The debentures are unsecured and convertible into common shares of the Acadian at the holder’s option at a price of $0.12 per common share at any time within 12 months from the date of issuance of the debentures. Should the holder’s choose not to convert the debenture into common shares within the 12 months then the debenture will be repayable in full at the end of that period. The debentures have an interest rate of 8% per annum accruing daily and compounded monthly in arrears. Such interest will only become payable in the event that the debenture holders do not elect to convert the debentures into common shares. The amount of interest accrued as at September 30, 2012 is CDN$3,989. As at September 30, 2012 Golden River has paid Acadian CDN$420,000 and Igneous paid Acadian CDN$180,000. The amount paid by Golden River to Acadian including accrued interest will eliminate in consolidation until the Company no longer has a controlling interest in Acadian.

On September 30, 2012 Golden River agreed to extend the terms of their convertible debenture. All terms remain as above except for the payment date which is extended from June 6, 2013 to June 6, 2014.

(10)	Income Taxes

The Company recognises deferred tax assets or liabilities for the expected future consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

The Company is subject to taxation in both the USA and Canada.

13The Company’s net deferred taxes at December 31, 2012 is summarized as follows:

The Company’s net deferred taxes at September 30, 2012 is summarized as follows:

	USA 2012 CDN$000s			Canada 2012 CDN$000s			Total 2012 CDN$000s

Deferred tax assets
Net operating loss carry-forward		2,375			321			2,696
Exploration expenditure		557			1,535			2,092
		2,932			1,856			4,788
Less valuation allowance		(2,932	)		(1,856	)		(4,788	)
		-			-			-

	USA 2012 CDN$000s			Canada 2012 CDN$000s			Total 2012 CDN$000s
Deferred tax assets
Net operating loss carry-forward		2,655			698			3,353
Exploration expenditure		551			1,535			2,086
		3,206			2,233			5,439
Less valuation allowance		(3,206	)		(2,233	)		(5,439	)
		-			-			-

The Company’s net deferred taxes at June 30, 2012 is summarized as follows:

	USA 2012 CDN$000s			Canada 2012 CDN$000s			Total 2012 CDN$000s
Deferred tax assets
Net operating loss carry-forward		1,290			697			1,987
Exploration expenditure		547			1,535			2,082
		1,837			2,232			4,069
Less valuation allowance		(1,837	)		(2,232	)		(4,069	)
		-			-			-

Total available net operating loss carryforwards in the United States, which are subject to limitations, amount to approximately CDN$76,~~493~~786,000 at ~~September~~December 3031, 2012 and expire in years 2023 through 2030. Net operating loss carryforwards in Canada do not have a definite expiration date and amounted to CDN$65,~~642~~353,000.

(11)	Subsequent Events

The Company has evaluated events ~~subsequent~~and totransactions after the balance sheet date ~~for disclosure~~ and~~/or~~, ~~recognition in consolidated financial statements~~ through the date ~~that~~ the consolidated financial statements were issued, and ~~has~~believes ~~determined~~ that all relevant disclosures have been included herein and there ~~were~~are no ~~subsequent~~other events ~~or transactions~~ which ~~would~~ require recognition or disclosure in the accompanying consolidated financial statements, other than ~~noted~~disclosed herein.

On October 16, 2012 Acadian announced that it has entered into a agreement for the sale of its Goldenville assets. Acadian will receive CDN$350,000 for the Goldenville assets comprised of a non-refundable deposit of CDN$100,000 paid on signing of the agreement and the balance within sixty days, subject to completion of satisfactory due diligence by the purchaser. In addition, Acadian will retain a 1% net smelter return royalty on the claims, with a CDN$500,000 buyout option.13

In October 2012 the Company completed the sale of 10,783,145 common shares of Acadian that it owned, for CDN$ 1,401,809, representing approximately 19.9% of Acadian’s common shares. The common shares were sold to an unaffiliated third party, at a price of CDN$0.13, which represents a significant premium to the market price. Following the sale, the Company holds 17,427,730 common shares representing approximately 32.16% of the issued and outstanding common shares of Acadian. In addition, the Company holds a convertible debenture of Acadian in the principal amount of CDN$420,000. The debenture is convertible into common shares of Acadian at the option of the Company at a price of CDN$0.12 (approximately 3.5 million shares) at any time until June 6, 2014.

On November 12, 2012, the Company gave notice under the Canadian early warning regime that it intends to sell a further 18% interest in Acadian which would decrease the Company’s holding in Acadian to approximately 14.16%.

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

FUND COSTS CONVERSION

The consolidated statements of operations and other financial and operating data contained elsewhere here in and the consolidated balance sheets and financial results have been reflected in Canadian dollars unless otherwise stated.

The following table shows the average rate of exchange of the Canadian dollar as compared to the US dollar and Australian dollar during the periods indicated:

36 months ended ~~September~~December 3031, 2011 CDN$1.00 = US$.~~96818~~98044

36 months ended ~~September~~December 3031, 2012 CDN$1.00 = US$1.~~0167~~0033

36 months ended ~~September~~December 3031, 2011 CDN$1.00 = A$0.~~98860~~96344

36 months ended ~~September~~December 3031, 2012 CDN$1.00 = A$0.~~9796~~9673

The Company’s financial statements are prepared in Canadian dollars (CDN$). A number of the costs and expenses of the Company are incurred in US and Australian dollars and the conversion of these costs to CDN$ means that the comparison of the three months ended ~~September~~December 3031, 2012 to the three months ended ~~September~~December 3031, 2011 does not always present a true comparison.

GENERAL

Golden River Resources is a gold exploration company ~~focussing~~focusing its activities in Canada. On March 17, 2009, the Company announced that it had reached agreement with Acadian Mining Corporation ("Acadian") to subscribe in a private placement transactions for common shares in Acadian and since that time, it acquired an interest by June 30, 2011 of 71.48%. In February 2012, it sold 19.9% of Acadian and at June 30, 2012 it held 52.06% of Acadian. AsDuring atthe ~~September~~December ~~30,~~ 2012 ~~Golden River holds 52.06% interest in Acadian. Subsequent to September 30~~quarter, ~~2012~~ Golden River ~~announced it had~~ sold 10,783,145 shares in Acadian at a price of CDN$0.13 for CDN$1,401,809 ~~which~~and ~~decreased~~5,400,000 ~~the~~shares ~~Company’s~~at ~~holding~~a inprice ~~Acadian~~of toCDN$0.11 32for CDN$594,000.16 As at December 31, 2012 Golden River holds 22.20% interest in Acadian. On ~~November~~February 1211, ~~2012,~~2013 the Company gave notice under the Canadian early warning regime that it intends to sell a further ~~18%~~ interest in Acadian and if it proceeds with that sale, it will hold ~~a 14~~7.1625% interest in Acadian.

AsFollowing athe ~~result~~sale of ~~the~~Acadian ~~decision~~shares byin October 2012, Golden River’s holding in Acadian amounted to ~~sell~~32.16% ~~down~~and ~~its~~Golden ~~shareholding~~River inno longer controlled Acadian. As a result at October 31, 2012, Golden River de-consolidated the operations of Acadian and, the results of operations of Acadian ~~have~~for ~~been~~November ~~treated~~2012 asand ~~discontinued~~December ~~operations~~2012 are accounted using the equity method. See footnote 8 to the consolidated financial statements for further information. As a result, the management discussion and analysis relates to the activities of Golden River only and, ~~and~~ does not include a discussion of Acadian activities unless otherwise stated.

RESULTS OF OPERATIONS

Three Months Ended ~~September~~December 3031, 2012 vs. Three Months Ended ~~September~~December 3031, 2011.

Costs and expenses ~~decreased~~increased from CDN$~~149~~117,000 in the three months ended ~~September~~December 3031, 2011 to CDN$~~104~~257,000 in the three months ended ~~September~~December 3031, 2012.

The ~~decrease~~increase in costs and expenses is a net result of:

a) a decrease in the exploration expenditure ~~expense~~expenses from CDN$6037,000 for the three months ended ~~September~~December 3031, 2011 to CDN$nil for the three months ended ~~September~~December 3031, 2012. The costs for the three months ended December 31, 2011 related to consultants providing exploration reviews and advice on the Slave and Committee Bay properties as no field work was undertaken ~~during the three months ended September 30, 2011~~. During fiscal 2012, the Company relinquished the Committee Bay and Slave properties in Canada as it believed the cost of holding and exploring the claims is excessive given the Company’s financial position.

b) aan ~~decrease~~increase in legal, accounting and professional expense from CDN$2425,000 for the three months ended ~~September~~December 3031, 2011 to CDN$2228,000 for the three months ended ~~September~~December 3031, 2012. ~~Included~~The ~~within~~expenses ~~legal, accounting and professional expense~~ for the three months ended ~~September~~December 3031, 2012 isconsisted ~~CDN$22,000~~of ~~(2011: CDN$24,000) for~~ costs associated with the Company’s SEC compliance obligations.

c) Anan increase in administrative costs including salaries from CDN$6555,000 in the three months ended ~~September~~December 3031, 2011 to CDN$82229,000 in the three months ended ~~September~~December 3031, 2012. The increase relates to the increase in head office salaries, ~~and~~increase ain corporate travel relating to negotiations for the sale of the Acadian interest and increase in office and statutory filing costs.

As a result of the foregoing, the loss from ~~continuing~~ operations ~~decreased~~increased from CDN$~~149~~117,000 for the three months ended ~~September~~December 3031, 2011 to CDN$~~104~~257,000 for the three months ended ~~September~~December 3031, 2012.

As a result of the foregoing, the loss from operations increased from CDN$117,000 for the three months ended December 31, 2011 to CDN$257,000 for the three months ended December 31, 2012.

The Company recorded a foreign currency exchange loss of CDN$12,000 for the three months ended December 31, 2012 and CDN$4,000 for the three months ended December 31, 2011, primarily due to revaluation of advances from affiliates which are denominated in Australian dollars.

In November 2012, the Company sold a further 5,400,000 shares in Acadian at price of CDN$0.11 for CDN$594,000, reviewed the carrying amount of is investment in Acadian and recorded a loss on equity investment of CDN$335,000 for the three months ended December 31, 2012.

The loss from continuing operations before income taxes for the three months ended December 31, 2012 was CDN$587,000 compared to a loss of CDN$121,000 for the three months ended December 31, 2011.

The Company recorded a benefit for deferred income tax of CDN$6,333,000 for the three months ended December 31, 2011, as a result of the acquisition of further shares in Acadian and an update of net operating loss carry-forward in Canada. There were no transactions that gave rise to a benefit for the three months ended December 31, 2012.

The Company recorded a loss from equity in unconsolidated entity of CDN$58,000 for the three months ended December 31, 2012 compared to CDN$nil for the three months ended December 31, 2011.

The Company recorded a gain on disposal of discontinued operations of CDN$5,542,000 (refer Note 8) for the three months ended December 31, 2012; and a net loss from discontinued operations of CDN$33,974,000 for the three months ended December 31, 2011 which was offset by the share of net profit/loss attributable to non-controlling interests of discontinued operations of CDN$9,527,000.

The net profit attributable to Golden River Resources stockholders amounted to CDN$4,897,000 for the three months ended December 31, 2012 compared to a net loss of CDN$18,235,000 for the three months ended December 31, 2011.

Six Months Ended December 31, 2012 vs. Six Months Ended December 31, 2011.

Costs and expenses increased from CDN$266,000 in the six months ended December 31, 2011 to CDN$361,000 in the six months ended December 31, 2012.

The increase in costs and expenses is a net result of:

a decrease in the exploration expenditure expenses from CDN$97,000 for the six months ended December 31, 2011 to CDN$nil for the six months ended December 31, 2012. The costs for the six months ended December 31, 2011 related to consultants providing exploration reviews and advice on the Slave and Committee Bay properties as no field work was undertaken. During fiscal 2012, the Company relinquished the Committee Bay and Slave properties in Canada as it believed the cost of holding and exploring the claims is excessive given the Company’s financial position.

an increase in legal, accounting and professional expense from CDN$49,000 for the six months ended December 31, 2011 to CDN$50,000 for the six months ended December 31, 2012. The expenses for the six months ended December 31, 2012 consisted of costs associated with the Company’s SEC compliance obligations

an increase in administrative costs including salaries from CDN$120,000 in the six months ended December 31, 2011 to CDN$311,000 in the six months ended December 31, 2012. The increase relates to the increase in head office salaries, increase in corporate travel relating to negotiations for the sale of the Acadian interest and increase in office and statutory filing costs.

As a result of the foregoing, the loss from operations increased from CDN$266,000 for the six months ended December 31, 2011 to CDN$361,000 for the six months ended December 31, 2012.

~~The~~In ~~Company~~November ~~recorded~~2012, athe ~~foreign~~Company ~~currency~~sold ~~exchange~~a ~~loss~~further ~~of CDN$3~~5,400,000 ~~for~~shares ~~the~~in ~~three~~Acadian ~~months~~at ~~ended~~price ~~September~~of ~~30,~~CDN$0.11 ~~2012~~for ~~and~~ CDN$16594,000, ~~for~~reviewed the ~~three~~carrying ~~months~~amount ~~ended~~of ~~September~~is ~~30,~~investment ~~2011,~~in ~~primarily~~Acadian ~~due~~and torecorded ~~revaluation~~a loss on equity investment of ~~advances~~CDN$335,000 ~~from~~for ~~affiliates~~the ~~which~~six ~~are~~months ~~denominated~~ended inDecember ~~Australian~~31, ~~dollars~~2012.

The loss from continuing operations before income taxes for the ~~three~~six months ended ~~September~~December 3031, 2012 was CDN$~~107~~694,000 compared to a loss of CDN$~~165~~286,000 for the ~~three~~six months ended ~~September~~December 3031, 2011.

The Company recorded a benefit for deferred income tax of CDN$406,373,000 for the ~~three~~six months ended ~~September~~December 3031, 2011, as a result of the acquisition of further shares in Acadian and an update of net operating loss carry-forward in Canada. There were no transactions that gave rise to a benefit for the ~~three~~six months ended ~~September~~December 3031, 2012.

The Company recorded a loss from ~~continuing~~equity ~~operations~~in unconsolidated entity of CDN$58,000 for the ~~three~~six months ended ~~September~~December 3031, 2012 ~~was CDN$107,000~~ compared to CDN$~~125,000~~nil for the ~~three~~six months ended ~~September~~December 3031, 2011.

The ~~net~~Company ~~loss~~recorded ~~from~~a gain on disposal of discontinued operations of CDN$5,542,000 (refer Note 8) for the ~~three~~six months ended ~~September~~December 3031, 2012,; ~~was~~and ~~CDN$667,000~~a ~~compared~~net toloss from discontinued operations of CDN$1662,~~417,~~000 for the ~~three~~six months ended ~~September~~December 3031, 2012 (2011.: ~~Refer~~loss toCDN$1,417,000) ~~footnote~~which 8was ~~for~~offset ~~further~~by ~~information~~the onshare ~~the~~of net loss attributable to non-controlling interests of discontinued operations of CDN$313,000(2011: loss CDN$398,000).

The net ~~loss~~profit ~~was~~attributable to Golden River Resources stockholders amounted to CDN$~~774~~4,441,000 for the ~~three~~six months ended ~~September~~December 3031, 2012 compared to ~~a net loss of~~ CDN$15,~~542~~068,000 for the ~~three~~six months ended ~~September~~December 3031, 2011.

The share of the loss attributable to the non-controlling interests of Acadian amounted to CDN$318,000 for the three months ended September 30, 2012 compared to CDN$398,000 for the three months ended September 30, 2011. At September 30, 2012, the Company’s interest in Acadian was 52.06%

The net loss attributable to Golden River Resources stockholders amounted to CDN$456,000 for the three months ended September 30, 2012 compared to CDN$1,144,000 for the three months ended September 30, 2011.

Liquidity and Capital Resources

For the ~~three~~six months ended ~~September~~December 3031, 2012, net cash used by operating activities was CDN$1519,~~003,~~000 ~~including discontinued operations~~ primarily consisting of the net ~~loss~~profit of CDN$~~774~~752,000; offset by non-cash items being loss on equity investment of CDN$335,000 and a decrease in accounts payable and accrued expenses ~~for continuing operations~~ of CDN$~~115~~256,000;. ~~net~~Net cash provided by investing activities ~~including~~was ~~discontinued~~CDN$1,996,000 ~~operations~~being the proceeds from the disposal of ~~CDN$825~~16,~~000;~~183,145 shares in Acadian and net cash ~~provided~~used byin financing activities of CDN$~~521~~1,470,000 ~~including~~being net repayment of borrowings to affiliates. The net cash flows provided bt discontinued operations ~~primarily consisting~~were ofCDN$nil comprising of a net ~~borrowing~~gain on discontinued operations of CDN$5,193,000, on operating activities of CDN$349,000 offset by ~~affiliates~~a gain on disposal of subsidiary of CDN$~~461~~5,542,000.

As at ~~September~~December 3031, 2012, the Company had short-term obligations of CDN$~~104~~103,000 being accounts payable and accrued expenses.

We have CDN$930,000 in cash at ~~September~~December 3031, 2012.

~~Since~~On ~~September~~February 3011, ~~2012,~~2013 the Company ~~has sold a 19.9% interest in Acadian for CDN$1,401,809 and on November 12, 2012, it~~ gave notice under the Canadian early warning regime that it intends to sell a further 18interest in Acadian and if it proceeds with that sale, it will hold 7.25% interest in Acadian.

Our budget for general and administration costs for fiscal 2013 is CDN$500,000. We are searching for new business opportunities and are not planning any exploration related activities in the short term.

The Company has his historically funded its activities from funds provided by capital raising through the ~~insurance~~issuance of its shares and advances from affiliated entities. We are currently investigating further capital raising opportunities which may be in the form of either equity or debt, to provide funding for working capital purposes and future exploration programs. There can be no assurance that such capital raising will be successful, or that even if an offer of financing was received by the Company, it is on terms acceptable to the Company.

Cautionary Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995.

Certain information contained in this Form 10-Q’s forward looking information within the meaning of the Private Securities Litigation Act of 1995 (the “Act”) which become law in December 1995. In order to obtain the benefits of the “safe harbor” provisions of the act for any such forwarding looking statements, the Company wishes to caution investors and prospective investors about significant factors which among others have affected the Company’s actual results and are in the future likely to affect the Company’s actual results and cause them to differ materially from those expressed in any such forward looking statements. This Form 10-Q report contains forward looking statements relating to future financial results. Actual results may differ as a result of factors over which the Company has no control including, without limitation, the risks of exploration and development stage projects, political risks of development in foreign countries, risks associated with environmental and other regulatory matters, mining risks and competition and the volatility of gold and copper prices, movements in the foreign exchange rate and the availability of additional financing for the Company. Investors are cautioned not to put undue reliance on forward-looking statements. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. Additional information which could affect the Company’s financial results is included in the Company’s Form 10-K on file with the Securities and Exchange Commission.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

The Company reports in CDN$ and holds cash in Australian dollars. At ~~September~~December 3031, 2012, this amounted to ACDN$930,000. A change in the exchange rate between the A$ and the CDN$ will have an effect on the amounts reported in the Company’s consolidated financial statements, and create a foreign exchange gain or loss. A movement of 1% in the A$ versus the CDN$ exchange rate will have a CDN$90300 effect on the consolidated balance sheet and statement of operations.

Item 4.

Controls and Procedures.

(a) Disclosure Controls and Procedures

Our principal executive officer and our principal financial officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 as amended) as of the end of the period covered by this report. Based on that evaluation, such principal executive officer and principal financial officer concluded that, the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report at the reasonable level of assurance.

(b) Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the ~~first~~second quarter of fiscal 2013 that materially affected, or are reasonably likely to materially affect, internal control over financial reporting.

(c)

Other

We believe that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. Therefore, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our disclosure controls and procedures are designed to provide such reasonable assurance of achieving our desired control objectives, and our principal executive officer and principal financial officer have concluded, as of ~~September~~December 3031, 2012, that our disclosure controls and procedures were effective in achieving that level of reasonable assurance.

PART II – OTHER INFORMATION

Item 1.

Legal Proceedings.

Not Applicable

Item 1A.

Risk Factors.

Not Applicable for Smaller Reporting Company

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

Not Applicable

Item 3.

Defaults Upon Senior Securities.

Not Applicable

Item 4. Mine Safety Disclosures.

Not Applicable

Item 5.

Other Information.

~~See~~Not ~~Item 2 above.~~Applicable

Item 6.

Exhibits.

(a)	Exhibit No.	Description
	31.1	Certification of Chief Executive Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act
	31.2	Certification of Chief Financial Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act
	32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002
	32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002
	101	The following materials from the Golden River Resources Corporation Quarterly Report on Form 10-Q for the quarter ended ~~September~~December 3031, 2012 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Statements of Operations, (ii) the Consolidated Balance Sheets, (iii) the Consolidated Statements of Cash Flows and (iv) related notes.

	#101.INS	XBRL Instance Document.
	#101.SCH	XBRL Taxonomy Extension Schema Document.
	#101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
	#101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
	#101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.
	#101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
	__________________
	# Filed herewith. In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed “not filed” for purposes of section 18 of the Exchange Act, and otherwise are not subject to liability under that section.

(FORM 10-Q)

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.

	Golden River Resources Corporation
	By:	/s/ Joseph I. Gutnick
		Joseph I. Gutnick
		Chairman of the Board, President and
		Chief Executive Officer
		(Principal Executive Officer)
	By:	/s/ Peter Lee
		Peter Lee
		Director, Secretary and
		Chief Financial Officer
		(Principal Financial Officer)
	Dated: November 19, 2012
	Dated: February 12, 2013

EXHIBIT INDEX

Exhibit No.	~~Exhibit No.~~Description	~~Description~~
31.1	~~31.1~~Certification of Chief Executive Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act	~~Certification of Chief Executive Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act~~
31.2	~~31.2~~Certification of Chief Financial Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act	~~Certification of Chief Financial Officer required by Rule 13a-14(a)/15d-14(a) under the Exchange Act~~
32.1	32Certification of Chief Executive Officer pursuant to 18 U.1S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002	~~Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002~~
32.2	32Certification of Chief Financial Officer pursuant to 18 U.2S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002	~~Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley act of 2002~~
101	~~101~~The following materials from the Golden River Resources Corporation Quarterly Report on Form 10-Q for the quarter ended December 31, 2012 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Statements of Operations, (ii) the Consolidated Balance Sheets, (iii) the Consolidated Statements of Cash Flows and (iv) related notes.	The following materials from the Golden River Resources Corporation Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Statements of Operations, (ii) the Consolidated Balance Sheets, (iii) the Consolidated Statements of Cash Flows and (iv) related notes.

	#101.INS	XBRL Instance Document.
	#101.SCH	XBRL Taxonomy Extension Schema Document.
	#101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
	#101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
	#101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.
	#101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
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	# Filed herewith. In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed “not filed” for purposes of section 18 of the Exchange Act, and otherwise are not subject to liability under that section.

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