Patriot Gold Corp - 2,982,288 3,030,803...

Patriot Gold Corp - Recent Material Event

Item 1. Financial Statements
Balance Sheets November 30, 2007 (unaudited), and May 31, 2007
Statements of Operations for the three and six-month periods ended
November 30, 2007 and 2006, and for the period from inception
of exploration state on June 1, 2000 to November 30, 2007.
Statements of Cash Flows for the six-month periods ended
November 30, 2007 and 2006, and for the period from inception
of exploration state on June 1, 2000 to November 30, 2007.
Notes to the Financial Statements
Item 2. Management’s Discussion and Analysis or Plan of Operation
Item 3 Controls and Procedures

PART II – Other Information

Item 1. Legal Proceedings
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Submission of Matters to a Vote of Security Holders
Item 5. Other Information
Item 6. Exhibits

Item 1. Financial Statements.

PATRIOT GOLD CORP.

(An Exploration State Company)

BALANCE SHEETS

	(Unaudited)
	November 30,			May 31,

ASSETS:
Current Assets:
Cash	$	2,975,816		$	3,029,331
Prepaid expenses		6,472			1,472

Total Current Assets		2,982,288			3,030,803

Office Equipment, Net		1,050			1,749
Reclamation Deposit					-

Total Assets	$	2,984,238		$	3,032,552

LIABILITIES & STOCKHOLDERS’ EQUITY:
Current Liabilities:
Accounts Payable	$	109,016		$	2,084

Total Current Assets		109,016			2,084

Stockholders' Equity:
Preferred Stock, Par Value $.001
Authorized 20,000,000 shares,
No shares issued at November 30, 2007 and May 31, 2007		-			-
Common Stock, Par Value $.001
Authorized 100,000,000 shares,
Issued 26,224,400 shares at
November 30, 2007 and May 31, 2007		26,224			26,224
Paid-In Capital		26,380,276			26,383,636
Currency Translation Adjustment		(16,361	)		(16,361	)
Deficit Accumulated Since Inception of Exploration State		(23,473,835	)		(23,321,949	)
Retained Deficit		(41,082	)		(41,082	)

Total Stockholders' Equity		2,875,222			3,030,468

Total Liabilities and Stockholders' Equity	$	2,984,238		$	3,032,552

The accompanying notes are an integral part of these financial statements.

PATRIOT GOLD CORP.

(An Exploration State Company)

STATEMENTS OF OPERATIONS

(Unaudited)