Q3 08 Financials Notes Aug 31 2008-Audit Committee changes accepted

AVION RESOURCES CORP. (A Development Stage Company) Interim Consolidated Financial Statements For the nine months ended August 31, 2008 UNAUDITED AVION RESOURCES CORP. (A Development Stage Company) Consolidated Balance Sheets(Stated in Canadian Dollars)As at: August 31, November 30,2008 2007(unaudited) (audited)ASSETS Current Cash and cash equivalents (Note 7) $ 652,384 $ 956,861Subscription receivable - 562,000Amounts receivable (Note 7 and 8) 1,006,805 34,564Prepaid expenses (Note 7) 463,572 -Inventory (Note 7) 3,874,726 - 5,997,487 1,553,425Reclamation bond - 3,000Investments (Note 6) 140,001 140,001Deposits and advances - 150,000Long term receivable (Notes 7 and 9) 6,664,509 -Equipment (Note 10) 1,979,662 -Mineral properties (Notes 7 and 11) 21,786,858 234,177$ 36,568,517 $ 2,080,603LIABILITIESCurrent Accounts payable and accrued liabilities (Notes 7 and 18) $ 2,573,300 $ 327,615Short term debenture (Note 12) 1,073,954 - 3,647,254 327,615Asset retirement obligations (Notes 7 and 13) 4,335,095 - 7,982 ...