-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SaShSidiqX6ZJRKQ/Dz++Y+V1rJzNmNvr96iASagpMonJm9BvGpOKqs32dFTwved
 7ezH1zMQpmY15H4XOf/bYg==

<SEC-DOCUMENT>0000912282-09-000996.txt : 20090706
<SEC-HEADER>0000912282-09-000996.hdr.sgml : 20090703
<ACCEPTANCE-DATETIME>20090702192807
ACCESSION NUMBER:		0000912282-09-000996
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090706
DATE AS OF CHANGE:		20090702
EFFECTIVENESS DATE:		20090706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Underworld Resources Inc
		CENTRAL INDEX KEY:			0001416288
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-110293
		FILM NUMBER:		09928733

	BUSINESS ADDRESS:	
		STREET 1:		Suite 1500
		STREET 2:		409 Granville Street
		CITY:			Vancouver
		STATE:			A1
		ZIP:			V6C 1T2
		BUSINESS PHONE:		604-684-4001

	MAIL ADDRESS:	
		STREET 1:		Suite 1500
		STREET 2:		409 Granville Street
		CITY:			Vancouver
		STATE:			A1
		ZIP:			V6C 1T2
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001416288</cik>
        <entityName>Underworld Resources Inc</entityName>
        <issuerAddress>
            <street1>409 GRANVILLE STREET, SUITE 1500</street1>
            <city>VANCOUVER</city>
            <stateOrCountry>A1</stateOrCountry>
            <zipCode>V6C 1T2</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(604) 684-4001</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>BRITISH COLUMBIA, CANADA</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Adrian</firstName>
                <middleName></middleName>
                <lastName>Fleming</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName></middleName>
                <lastName>Williams</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cale</firstName>
                <middleName>J.</middleName>
                <lastName>Moodie</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rob</firstName>
                <middleName></middleName>
                <lastName>McLeod</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Darryl</firstName>
                <middleName></middleName>
                <lastName>Cardey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jeff</firstName>
                <middleName></middleName>
                <lastName>Sundar</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Marcel</firstName>
                <middleName></middleName>
                <lastName>De Groot</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Janice</firstName>
                <middleName></middleName>
                <lastName>Davies</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>409 Granville Street, Suite 1500</street1>
                <city>Vancouver</city>
                <stateOrCountry>A1</stateOrCountry>
                <zipCode>V6C1T2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-06-19</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Units=1 common + 1/2 warrant; warrants exercisable @Cdn$1.60 for 1 year.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Canaccord Capital Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Canaccord Adams Inc.</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>609 Granville Street, Suite 2200</street1>
                    <city>Vancouver</city>
                    <stateOrCountry>A1</stateOrCountry>
                    <zipCode>V6C1T2</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Dundee Securities Corporation</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1055 Dunsmuir Street, Suite 3424</street1>
                    <city>Vancouver</city>
                    <stateOrCountry>A1</stateOrCountry>
                    <zipCode>V7X1K8</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Axemen Resource Capital</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1188 W. Georgia Street, Suite 1920</street1>
                    <city>Vancouver</city>
                    <stateOrCountry>A1</stateOrCountry>
                    <zipCode>V6E4A2</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Global Resource Investments, Ltd.</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7770 El Camino Real</street1>
                    <city>Carlsbad</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92009</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>HI</state>
                    <state>ID</state>
                    <state>MA</state>
                    <state>MT</state>
                    <state>NH</state>
                    <state>NM</state>
                    <state>OH</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>SD</state>
                    <state>TX</state>
                    <state>VT</state>
                    <state>WA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1698035</totalOfferingAmount>
            <totalAmountSold>1016004</totalAmountSold>
            <totalRemaining>682031</totalRemaining>
            <clarificationOfResponse>(c) represents maximum potential exercise price of warrants issued to U.S. purchasers and agents.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>32</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>60960</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>The agents also received 24,000 warrants exercisable @ Cdn$1.50 for 2 years and 31,980 warrants exercisable @ Cdn$1.60 for 1 year.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Underworld Resources Inc</issuerName>
                <signatureName>/s/ Janice Davies</signatureName>
                <nameOfSigner>Janice Davies</nameOfSigner>
                <signatureTitle>Corporate Secretary</signatureTitle>
                <signatureDate>2009-07-02</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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