NOTES PAYABLE

9 Months Ended

Sep. 30, 2011

NOTES PAYABLE

At September 30, 2011 and December 31, 2010, notes payable consisted of the following:

		September 30, 2011		December 31, 2010
Note Payable to ex-president of the Company, unsecured, 8% interest matured September 2006	$	250,000	$	250,000
Note Payable due to individual, unsecured, 8% interest due on demand		50,000		50,000
Note Payable due to individual, unsecured, 8% interest due on demand		25,000		25,000
Note Payable due to individual, unsecured, 8% interest due on demand		10,500		10,500
Note Payable due to individual, unsecured, 8% interest due on demand		7,000		7,000
Note Payable due to individual, unsecured, 8% interest due on demand		11,000		7,000
Note Payable due to individual, unsecured, 8% interest due on demand		1,540		1,540
	$	355,040	$	351,040

Total interest expense for the three months ended September 30, 2011 and 2010 was $99,592 and $19,543 respectively.

Total interest expense for the nine months ended September 30, 2011 and 2010 was $167,701 and $49,894 respectively.

CATALYST RESOURCE GROUP, INC. 10-Q/A