Patriot Gold Corp - 2,655,415 3,030,803...

Patriot Gold Corp - Recent Material Event

Item 1. Financial Statements
Balance Sheets February 29, 2008 (unaudited), and May 31, 2007
Statements of Operations for the three and nine-month periods ended
February 29, 2008 and 2007, and for the period from inception
of the exploration state on June 1, 2000 to February 29, 2008.
Statements of Cash Flows for the nine-month periods ended
February 29, 2008 and 2007, and for the period from inception
of the exploration state on June 1, 2000 to February 29, 2008.
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


	February 29,			May 31,

ASSETS:	(Unaudited)
Current Assets:
Cash	$	2,518,943		$	3,029,331
Prepaid expenses		136,472			1,472

Total Current Assets		2,655,415			3,030,803

Office Equipment, Net					1,749
Reclamation Deposit		17,900			-

Total Assets	$	2,674,016		$	3,032,552

LIABILITIES & STOCKHOLDERS’ EQUITY:
Current Liabilities:
Accounts Payable	$	115,349		$	2,084

Total Current Assets		115,349			2,084

Stockholders' Equity:
Preferred Stock, Par Value $.001
Authorized 20,000,000 shares,
No shares issued at February 29, 2008 and May 31, 2007		-			-
Common Stock, Par Value $.001
Authorized 100,000,000 shares,
Issued 26,224,400 shares at
February 29, 2008 and May 31, 2007		26,224			26,224
Paid-In Capital		26,382,897			26,383,636
Currency Translation Adjustment		(16,361	)		(16,361	)
Deficit Accumulated Since Inception of Exploration State		(23,793,011	)		(23,321,949	)
Retained Deficit		(41,082	)		(41,082	)

Total Stockholders' Equity		2,558,667			3,030,468

Total Liabilities and Stockholders' Equity	$	2,674,016		$	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)