Striker Energy Corp. -...

Striker Energy Corp. - Recent Material Event

Item 1. Financial Statements......................................……………………………………………………... 4

Item 2. Management's Discussion and Analysis or Plan of Operation .…………………………….. 19

Item 3. Controls and Procedures....................................……………………………………………..…... 21

PART II: OTHER INFORMATION

Item 1A Risk Factors...............................................………………………………………………….........21

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds………………………...…...…22

Item 6. Exhibits.................................................…………………………………………………..…............22

Signatures.....................................................…………………………………………………………..........22

Note Regarding Forward-Looking Statements

The statements contained in this Form 10-QSB that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about our expectations, beliefs, intentions or strategies for the future, which are indicated by words or phrases such as anticipate, expect, intend, plan, will, the Company believes, management believes and similar words or phrases. The forward-looking statements are based on our current expectations and are subject to certain risks, uncertainties and assumptions. Our actual results could differ materially from results anticipated in these forward-looking statements. All forward-looking statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements.

PART I - FINANCIAL INFORMATION

Item 1. Financial Information

The financial statements for Striker Energy Corp. (the "Company") included herein are unaudited but reflect, in management's opinion, all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair presentation of the Company's financial position and the results of its operations for the interim periods presented. Because of the nature of the Company's business, the results of operations for the three-month period ended May 31, 2008 are not necessarily indicative of the results that may be expected for the full fiscal year. The financial statements included herein should be read in conjunction with the audited financial statements and notes for the year ended February 29, 2008, included in our annual report on Form 10-KSB, which can be found on the SEC website at www.sec.gov under our SEC File Number 0-52218.

Striker Energy Corp.

(An Exploration Stage Company)

Financial Statements

(Expressed in U.S. Dollars)

(Unaudited)

31 May 2008

Striker Energy Corp.

(An Exploration Stage Company)

Balance Sheets

(Expressed in U.S. Dollars)

(Unaudited)

	As at 31 May 2008	As at 29 February 2008 (Audited)
	$	$

Assets

Current
Cash and cash equivalents

Liabilities

Current
Accounts payable and accrued liabilities (Note 5)	25,377	22,436
Due to related party (Note 6)	36,970	33,924

	62,347	56,360

Stockholders’ deficiency
Capital stock (Note 8)
Authorized
75,000,000 common shares, par value $0.0001
Issued and outstanding
31 May 2008 – 10,003,000 common shares, par value $0.0001	1,003	1,003
29 February 2008 – 10,003,000 common shares, par value $0.0001
Additional paid-in capital	84,027	80,427
Deficit, accumulated during the exploration stage	(147,137)	(137,538)

	(62,107)	(56,108)

Nature and Continuance of Operations (Note 1) and Commitments (Note 9)

On behalf of the Board:

/s/ Shawn Perger, Director /s/ Brian Cole, Director

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

Striker Energy Corp.

(An Exploration Stage Company)

Statements of Operations

(Expressed in U.S. Dollars)

(Unaudited)

	For the period from the date of inception on 18 March 2005 to 31 May 2008		For the three month period ended 31 May 2008		For the three month period ended 31 May 2007
		$		$		$

Expenses
Write down of mineral property acquisition costs (Note 4)		10,000		-		-
Bank charges and interest
Consulting fees		10,176		-		-
Exploration of mineral property		15,124		-		-
Filing fees		4,850		1,000
Legal and accounting fees		60,441		3,824		2,539
Licenses and permits		7,430
Management fees (Notes 7, 8 and 11)		24,000		3,000		3,000
Office expenses
Rent (Notes 7, 8 and 11)		6,000
Transfer agent fees		6,343
Web site development		1,839		-

Net loss for the period		(147,137)		(9,599)		(7,260)

Basic and diluted loss per common share				(0.001)		(0.001)

Weighted average number of common shares used in per share calculations				10,003,000		10,003,000

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

Striker Energy Corp.

(An Exploration Stage Company)

Statements of Cash Flows

(Expressed in U.S. Dollars)

(Unaudited)

	For the period from the date of inception on 18 March 2005 to 31 May 2008		For the three month period ended 31 May 2008		For the three month period ended 31 May 2007
		$		$		$

Cash flows from operating activities
Net loss for the period		(147,137)		(9,599)		(7,260)
Adjustments to reconcile loss to net cash used by operating activities
Write down of mineral property acquisition costs (Note 4)		10,000		-		-
Contributions to capital by related party – expenses (Notes 7, 8 and 11)		30,000		3,600		3,600
Common shares issued for services (Notes 8 and 11)				-		-
Changes in operating assets and liabilities
Increase (decrease) in accounts payable and accrued liabilities		25,377		2,941		(10,640)

		(81,730)		(3,058)		(14,300)

Cash flows from financing activities
Increase in due to related party (Notes 6 and 7)		36,970		3,046		-
Common shares returned to treasury (Notes 8 and 11)		(5,000)		-		(5,000)
Common shares issued for cash (Notes 8 and 11)		60,000		-		5,000

		91,970		3,046		-