FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

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

of the Securities Exchange Act of 1934

~~Knight~~Coastport ~~Resources~~Capital ~~Ltd~~Inc.

(Translation of registrant’s name into English)

3^rd Floor, 157 Alexander Street, Vancouver, BC V6A 1B8

(Address of principal executive officer)

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

Form 20-F ü Form 40-F ________

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

Yes ________ No: : ü

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________.

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.

~~Knight~~Coastport ~~Resources~~Capital ~~Ltd~~Inc.

Registrant

Dated: ~~July~~August 1011, 2006 By: /s/David Patterson/s/

~~FORM 51~~Coastport Capital Inc. Number: 014-~~102F3~~06 3rd Floor, 157 Alexander Street Vancouver, BC Canada V6A 1B8 Telephone: (604) 684-0561 Facsimile: (604) 602-9311 info@coastportcapital.com www.coastportcapital.com

~~MATERIAL~~SHYRI ~~CHANGE~~PROJECT ~~REPORT~~UPDATE

~~Item~~VANCOUVER ~~1 Name~~(July 31, 2006) ~~and~~Coastport ~~Address~~Capital Inc. (TSXV-CPP) (F-C1J) provides the following update on exploration activities on the Shyri Project, located in Ecuador. Ongoing work in preparation for an early fall drilling program continues to provide further evidence of ~~Company~~promising mineralization throughout the Shyri Project area.

~~KNIGHT~~The ~~RESOURCES~~Shyri Project, ~~LTD~~collectively more than 450 km² in area, straddles the Gañarin Belt, a 50 km long feature with volcanic centers, related intrusives and numerous epithermal gold-silver prospects. Shyri is contiguous to IAMGOLD's Quimsacocha Project (22.5 million tonnes at 3.9 g/t gold, 25 g/t silver and 0.16% copper at a 1.0 g/t gold cut-off giving a total of 2.8 million ounces of gold), the “most advanced project in the belt. The Shyri Project is approximately 500 kilometres southwest of the Company”)’s more advanced La Plata Project.

~~3rd~~The ~~Floor~~ongoing 2006 exploration program consists of ground, geophysical and soil ~~157~~geochemical ~~Alexander~~surveys ~~Street~~over the Canaribamba (Guabisay), Vetas Grandes and Yanasacha prospects; airborne geophysics and soil geochemical surveys over the GAMA prospect, and extensive hand trenching, prospecting and mapping on all prospects. A regional geochemical survey and reconnaissance prospecting program are also underway.

~~Vancouver~~A drill contract is being finalized with Kluane Drilling with drilling anticipated to begin late October, pending receipt of applicable drilling permits. A minimum BC3,000 ~~V6A~~m ~~1B8~~drill program is anticipated. The budget for the 2006 exploration program is approximately US$2.5 million. Highlights of recent work on selected prospects are presented below.

~~Item 2 Date of Material Change~~GAMA

~~July~~Recent 7reconnaissance mapping and prospecting has identified a poorly exposed, minimum ~~2006~~50 m by 50 m mineralized hydrothermal breccia zone (herein named La Ermita) occurring within an extensive zone of sub-horizontal argillic/advanced argillic alteration outlined over a minimum area of 8.5 km by 3 km located approximately 9 km northwest of IAMGOLD’s Quimsacocha deposit. The alteration zone consists primarily of quartz-alunite (advanced argillic) alteration, minor pyrophyllite alteration and local pockets of vuggy silica, in and immediately adjacent to a 4.0 km by 4.0 km rhyolitic flow-dome complex. Highlights of channel samples from the hydrothermal breccia and adjacent alteration zone include:

~~Item~~GAMA/La ~~3 News Release~~Ermita saw-cut channel sampling highlights:

The news release dated July 7, 2006 was issued in Vancouver, British Columbia and disseminated through CCN Matthews.

*Width (m)*	*Au (g/t)*	*Ag (g/t)*	*Cu (%)*
1.4 m	3.8	61	0.11
6.3 m	1.0	17	anomalous
1.5 m	2.3	60	anomalous
2.7 m	1.1	67	anomalous
1.3 m	2.6	48	anomalous
1.1 m	1.1	31	anomalous
1.4 m	0.8	54	anomalous

~~Item~~A ~~4 Summary~~soil geochemical survey, centered on the breccia, has also been initiated. Preliminary soil assay results indicate an open, northwest trending 400 m long by 150 m wide, gold-silver-copper-arsenic-antimony-mercury anomaly associated with this breccia. Several northwest-trending zones of ~~Material~~anomalous ~~Change~~rock chip geochemistry have been identified elsewhere throughout the GAMA alteration zone. A 2,200 line-km high resolution magnetic and EM airborne geophysical survey covering this target is anticipated to begin sometime in September.

~~The~~Vetas Company reports that the company has been informed by its joint venture partner, Anglo American Exploration (Canada) Ltd. (“AAEC”), that the Supreme Court of British Columbia dismissal of the Novawest Resources Inc. lawsuit against AAEC (Action No. S042230) will not be appealed by Novawest.Grandes

~~Additionally,~~The ~~Knight~~Vetas Grandes ~~and~~prospect, ~~Novawest~~comprises ~~have~~seven, ~~agreed~~1.0 m to a7.0 ~~mutually~~m ~~satisfactory~~wide ~~resolution~~quartz ~~under~~veins and quartz ~~which~~vein/vein ~~the~~breccias ~~action~~forming ~~commenced~~a 500 m wide by ~~Knight~~1.4 ~~against~~km ~~Novawest~~long east-northeast trending swarm. Previously reported channel sampling results (Cornerstone press release dated October 14, 2005) included 4.01 g/t Au and ~~others~~443 ~~has~~g/t ~~been~~Ag over 2.0 m and 7.7 g/t Au and 859 g/t Ag over 1.0 ~~terminated~~m. The results byreported ~~consent~~herein ofwere ~~the~~collected ~~parties,~~from ~~without~~a ~~payment~~series of ~~court~~hand-dug ~~costs~~trenches, and outcropping veins located approximately 650 to ~~any~~1000 m west of and approximately ~~party.~~200 m lower in elevation relative to the aforementioned samples:

~~The~~Vetas ~~Company~~Grandes ~~also~~saw-cut ~~reports~~channel ~~that~~sampling fieldwork has begun on the West Raglan Project. Knight and AAEC have established a 2006 budget of $3,000,000 in phase I and $2,000,000 in phase II, conditional on the results of phase I. The focus of the 2006 exploration program will be on drilling known mineralized zones and discovery of new mineralized zones, all in the Greater Frontier area, the area of greatest success to date.highlights:

Item 5 Full Description of Material Change

*Width (m)*	*Au (g/t)*	*Ag (g/t)*
1.4 m	13.4	268
2.4 m	3.2	382
1.0 m	25.2	40
1.3 m	2.0	82
1.7 m	3.3	259
1.5 m	3.6	230
1.9 m	1.9	253
0.9 m	1.9	368
0.9 m	1.4	423
0.8 m	1.5	392

~~The~~Currently ~~Company~~a ~~reports~~2.0 ~~that~~km ~~the company has been informed~~ by ~~its~~2.0 ~~joint~~km ~~venture~~grid ~~partner, Anglo~~soil ~~American~~survey ~~Exploration~~and ~~(Canada)~~an ~~Ltd.~~IP/magnetic ~~(“AAEC”),~~geophysical ~~that~~survey ~~the Supreme Court of~~are ~~British~~being ~~Columbia~~completed ~~dismissal~~over ofthis ~~the~~area ~~Novawest~~to ~~Resources~~assist ~~Inc.~~in ~~lawsuit~~drill ~~against~~targeting. ~~AAEC~~Further hand ~~(Action~~trenching ~~No.~~and ~~S042230)~~sampling ~~will~~are ~~not be appealed by Novawest~~ongoing.

~~Additionally,~~Guabisay Knight and Novawest have agreed to a mutually satisfactory resolution under which the action commenced by Knight against Novawest and others has been terminated by consent of the parties, without payment of court costs to any party.Breccia

The ~~Company~~Guabisay breccia zone ~~also~~which ~~reports~~consists ~~that~~of ~~fieldwork~~a ~~has~~shallowly ~~begun~~dipping, on3 ~~the~~to ~~West~~10 ~~Raglan~~m ~~Project.~~wide ~~Knight~~band of argillic ~~and~~alteration ~~AAEC~~with ~~have~~a ~~established~~core aof ~~2006~~chalcedonic ~~budget~~silica ofand $3brecciation,~~000,000~~ exposed over more than 750 meters in ~~phase~~an Ieast-west ~~and~~orientation $assayed up to 32.2~~,000,000~~ ing/t ~~phase~~Au IIand 40.5 g/t Ag over 4.4 m from saw-cut channel samples (Coastport press release dated February 20, ~~conditional~~2006). The mineralization onis associated with silicified volcanic breccias cut by quartz veins adjacent to the ~~results~~margin of ~~phase~~a Idiatreme. ~~The~~Exposure ~~focus~~is oflimited but the ~~2006~~geometry ~~exploration~~of ~~program~~the ~~will~~zone besuggests onthe ~~drilling~~possibility ~~known~~of ~~mineralized~~blanket-style ~~zones~~mineralization ~~and discovery~~associated ~~of new~~with ~~mineralized~~sub-vertical ~~zones,~~high-grade ~~all~~feeder inveins. ~~the~~The ~~Greater~~mineralization ~~Frontier~~is ~~area,~~open in all directions. Most of the area is covered by 2 to 5 meters of ~~greatest~~overburden. ~~success~~Highlights toof ~~date.~~recent trench and channel sampling results from trenching are as follows:

AGuabisay ~~deep penetrating~~Breccia moving loop electromagnetic (EM) survey will complete coverage of the Greater Frontier area. Limited coverage by a similar survey in 2005 was successful in identifying new mineralization. It will be used to outline known mineralized zones near surface and to discover and outline additional mineralized zones at depth below the detection limit of previous detailed EM surveys. The moving loop EM survey is designed to detect mineralization to a depth of 200 to 300 metressaw-cut, ~~depending~~channel onsampling target size. One objective is to discover multiple sulphide lenses along strike and down dip of known mineralization in a similar setting to known sulphide lenses on Falconbridge’s Raglan property to the east. A second objective is to discover new sulphide lenses at depth at new mineralized horizons. Drilling is expected to begin in mid-July.highlights

A minimum of 3,000 metres of diamond drilling is planned as part of the phase I program. If phase II is completed, it should result in a minimum of an additional 2,000 metres of drilling. The number of drill holes will depend on the depth extent of the known mineralized zones, and the depth and depth extent of any newly discovered zones.

*Width (m)*	*Au (g/t)*	*Ag (g/t)*
2.3	8.2	47
3.0	6.3	4
1.4	5.0	4
2.0	3.7	6
4.0	4.1	29

The ~~2006~~Guabisay zone represents one of several small windows of exposure, including ~~program~~the previously ~~will~~reported bePinglio, ~~carried~~Alberto, ~~out~~Ramos byPotreros ~~West~~and ~~Raglan~~Gringo ~~Project~~prospects, exhibiting ~~operator~~extensive ~~AAEC~~gold-silver mineralization, locally with bonanza grades. These prospects and zones comprise an area of mineralization on the Canaribamba project, now known to extend at least 1 x 3 km, associated with a 3 x 2 km diatreme complex. The ~~program~~mineralization is associated with silicified volcanic ~~will~~breccias becut ~~funded~~by ~~51%~~quartz veins adjacent to the margin of a diatreme. Exposure is limited but the geometry of the zone suggests the possibility of blanket-style mineralization associated with sub-vertical high-grade feeder veins. The mineralization is open in all directions. Most of the area is covered by ~~AAEC~~2 to 5 meters of overburden. The original grid was extended approximately 1 km to the east. Soil samples were collected over the grid extension. Preliminary soil sample results have identified a 2.3 km long gold-in-soil anomaly with individual soils assaying up to 2000 ppb Au. Ground magnetic and ~~49%~~IP bygeophysical surveying ~~Knight~~is anticipated to begin imminently. Hand trenching is underway.

~~Item~~Coastport has an ~~6 Reliance~~option to acquire 100% of the Shyri Project from Cornerstone Capital Resources onInc. ~~subsection~~The ~~7.1(2)~~2006 orwork ~~(3)~~program ofis ~~National~~being ~~Instrument~~carried out by project operator ~~51-102~~Cornerstone.

~~Confidentiality~~All issamples ~~not~~reported ~~requested~~in this release were collected by Cornerstone personnel, sealed on the property and shipped to Acme Laboratories in Cuenca, Ecuador, where they were prepared for analysis. Pulps were shipped to Vancouver for analysis of gold by one half ton fire assay, and for other elements by multi-element ICP analysis. Samples containing silver greater than the upper limit of the ICP technique (100 g/t Ag) were re-analyzed using atomic absorption spectrophotometry. Quality control was maintained throughout the program by implementation of procedures involving check assaying and insertion of previously prepared standards for each batch of 20 rock samples analyzed.

~~Item~~Mike ~~7 Omitted~~Basha, P.Eng., P.Geo., Vice President of Exploration for Cornerstone, is the ~~Information~~Qualified Person responsible for the technical information in this news release, as defined by National Instrument 43-101. George Smith, M.Sc., is the qualified person supervising field programs in Ecuador for Cornerstone.

NoUnder ~~information~~Cornerstone’s ~~has~~QA/QC ~~been~~procedures, ~~omitted~~saw-cut insamples ~~respect~~representing 50% splits of cores were collected and sealed at the ~~material~~core ~~change~~processing facility on site and delivered to the lab by company personnel. Blanks and standards were inserted into every 20 sample batch. Samples were submitted to ALS Chemex in Quito, Ecuador and analyzed in Vancouver, BC. 50 g splits were used for all samples. Gold was analyzed by fire assay-AA and overlimits (+10 ppm) were done by gravimetric finish. All other elements were analyzed by aqua-regia digestion and ICPMS/AES with silver overlimits (+100 ppm) and Cu, Zn and Pb overlimits (+10,000 ppm) by AAS.

~~Item~~On ~~8 Executive~~Behalf ~~Officer~~of the Board,

David Patterson

~~Chief~~President, Coastport ~~Executive~~Capital ~~Officer Telephone: (604) 684-6535~~Inc.

~~Item~~Further ~~9 Date~~information is available on the Coastport Web site at www.coastportcapital.com; ofvia ~~Report~~e-mail at info@coastportcapital.com; or call 1-604-684-0561.

July 7, 2006

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