U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-QSB



[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2005

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

Commission file number: 0-50190

|                                                   | New Pacific Ventures, Inc. | 
|-------------------------------------------------- | -------------------------- | 
|(Name of small business issuer in its
    charter)

|Colorado                                                             |  | 47-0877018                          
|-------------------------------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) |  | (I.R.S. Employer Identification No.)
|                                                                     |  |                                     
|                                                                     |  |                                     
|Suite 603-1500 Ostler CourtNorth Vancouver, British Columbia, Canada |  | V7G 2S2                             
|(Address of principal executive offices)                             |  | (Zip Code)                          

Issuer's telephone number: (604) 762-5652

Indicate by checkmark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.

Yes [X]      No [ ]

Indicate the number of shares outstanding of each of the registrant's classes
of common stock, as of the latest practical date:

Outstanding at January 31, 2005

9,000,000

$.001 par value common stock



Transitional Small Business Disclosure Format (Check one): Yes
[ ]      No [X]



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NEW PACIFIC VENTURES , INC.



FORM 10-QSB







## TABLE OF CONTENTS





PART I--FINANCIAL INFORMATION



|        |                                                                                     | Page
|------- | ----------------------------------------------------------------------------------- | ----
|ITEM 1. | Financial Statements                                                                | 3   
|ITEM 2. | Management Discussion and Anaylsis of Financial Condition and Results of Operations | 4   
|ITEM 3. | Controls and Procedures                                                             | 5   





|PART II--OTHER INFORMATION
|--------------------------
|ITEM 1.                   
|ITEM 2.                   
|ITEM 3.                   
|ITEM 4.                   
|ITEM 5.                   
|ITEM 6.                   

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PART I--FINANCIAL INFORMATION



ITEM 1. Financial Statements



NEW PACIFIC VENTURES, INC.

(A Pre-exploration Stage Company)



CONDENSED FINANCIAL STATEMENTS

UNAUDITED



January 31, 2005





## INDEX





|                                                                                                                                                      | Page
|----------------------------------------------------------------------------------------------------------------------------------------------------- | ----
|                                                                                                                                                      |     
|Balance Sheet                                                                                                                                         | F-1 
|                                                                                                                                                      |     
|Statement of Operations for the three months ended January 31, 2005 and 2004 and for the period May 22, 2001 (Date of Inception) to January 31, 2005  | F-2 
|                                                                                                                                                      |     
|Statement of Change in Stockholders' Equity for the period May 22, 2001 (Date of Inception) to January 31, 2005                                       | F-3 
|                                                                                                                                                      |     
|Statements of Cash Flows for the three months ended January 31, 2005 and 2004 and for the period May 22, 2001 (Date of Inception) to January 31, 2005 | F-4 
|                                                                                                                                                      |     
|Notes to Interim Financial Statements                                                                                                                 | F-5 

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
BALANCE SHEET
January 31, 2005 and October 31, 2004(Unaudited)

|                                                                                                  | January 31,    | October 31,   
|------------------------------------------------------------------------------------------------- | -------------- | --------------
|                                                                                                  | 2005           | 2004          
|ASSETS                                                                                           
|Current Assets                                                                                    |                |               
|Cash                                                                                              | $3,863         | $4,387        
|LIABILITIES                                                                                      
|Current Liabilities                                                                               |                |               
|Accounts payable                                                                                  | $       26,425 | $       22,965
|Due to related party - Note 4                                                                     | 15,000         | 15,000        
|                                                                                                  | 41,425         | 37,965        
|STOCKHOLDERS' DEFICIENCY                                                                         
|Preferred stock                                                                                   |                |               
|25,000,000 shares authorized at $0.001 par
      value, none outstanding                          | —              | —             
|Common stock                                                                                      |                |               
|100,000,000 shares authorized, at $0.001 par
      value, 9,000,000 shares issued and outstanding | 9,000          | 9,000         
|Deficit accumulated during the pre-exploration stage                                              | (     46,352)  | (     42,578) 
|Total stockholders' deficiency                                                                    | (     37,562)  | (     33,578) 
|                                                                                                  | $3,863         | $4,387        
|                                                                                                  |                |               

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

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
STATEMENT OF OPERATIONS
for the three months ended January 31, 2005 and
2004
and for the period May 22, 2001 (Date of Inception) to January 31,
2005(Unaudited)



|                           |  |                    |                        |                       | May 22, 2001          
|-------------------------- |  | ------------------ | ---------------------- | --------------------- | ----------------------
|                           |  |                    |                        |                       | (Date of              
|                           |  | Three months ended | Inception) to         
|                           |  | January 31,        | January 31,           
|                           |  |                    | 2005                   | 2004                  | 2005                  
|                           |  |                    |                        |                       |                       
|Interest income            |  |                    | $                   12 | $                   — | $                   34
|Expenses                   |  |                    | 3,996                  | 3,571                 | 46,596                
|Net loss                   |  |                    | $(3,984)               | $(3,571)              | $(46,562)             
|Net loss per common share  |  |                    |                        |                       |                       
|Basic                      |  |                    | $0.00                  | $0.00                 |                       
|Average outstanding shares |  |                    |                        |                       |                       
|Basic                      |  |                    | 9,000,000              | 9,000,000             |                       
|                           |  |                    |                        |                       |                       

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

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
for the period May 22, 2001 (Date of Inception) to January 31,
2005(Unaudited)



|                                                                         |              |              | Capital in   |                   
|------------------------------------------------------------------------ | ------------ | ------------ | ------------ | ------------------
|                                                                         | Common Stock | Excess of    | Accumulated 
|                                                                         | Shares       | Amount       | Par value    | Deficit           
|                                                                         |              |              |              |                   
|Balance, May 22, 2001 (Date of Inception)                                | —            | $          — | $          — | $                —
|Issuance of common stock for cash at $0.001                              | 9,000,000    | 9,000        | —            | —                 
|Net operating loss for the period May 22, 2001 to October
      31, 2001 | —            | —            | —            | —                 
|Balance, October 31, 2001                                                | 9,000,000    | 9,000        | —            | —                 
|Net operating loss for the year                                          | —            | —            | —            | (         6,300)  
|Balance, October 31, 2002                                                | 9,000,000    | 9,000        | —            | (         6,300)  
|Net operating loss for the year                                          | —            | —            | —            | (       13,045)   
|Balance, October 31, 2003                                                | 9,000,000    | 9,000        | —            | (       19,345)   
|Net operating loss for the year                                          | —            | —            | —            | (       23,233)   
|Balance, October 31, 2004                                                | 9,000,000    | 9,000        | —            | (       42,578)   
|Net operating loss for the period                                        | —            | —            | —            | (         3,984)  
|Balance, January 31, 2005                                                | 9,000,000    | $9,000       | $—           | $(       46,562)  



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

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
STATEMENT OF CASH FLOWS
for the three months ended January 31, 2005 and
2004
and for the period May 22, 2001 (Date of Inception) to January 31, 2005(Unaudited)



|                                                                                             |  |                    |                     |                   | May 22, 2001        
|-------------------------------------------------------------------------------------------- |  | ------------------ | ------------------- | ----------------- | --------------------
|                                                                                             |  |                    |                     |                   | (Date of            
|                                                                                             |  | Three months ended | Inception) to      
|                                                                                             |  | January 31,        | January 31,        
|                                                                                             |  |                    | 2005                | 2004              | 2005                
|Cash flows from operating activities                                                         |  |                    |                     |                   |                     
|Net loss                                                                                     |  |                    | $(        3,984)    | $(        3,571)  | $(           46,562)
|Adjustment to reconcile net loss
      to      net cash provided by
      operating activity |  |                    |                     |                   |                     
|Changes in accounts payable                                                                  |  |                    | 3,460               | 2,875             | 26,425              
|Net cash used in operations                                                                  |  |                    | (           524)    | (           696)  | (            20,137)
|Cash flows from financing activities                                                         |  |                    |                     |                   |                     
|Proceeds from issuance of
      stock                                                        |  |                    | —                   | —                 | 9,000               
|Due to related party                                                                         |  |                    | —                   | —                 | 15,000              
|                                                                                            
|Net cash flow provided by financing activities                                               |  |                    | —                   | —                 | (           24,000) 
|Net increase (decrease) in cash                                                              |  |                    | (              524) | (            696) | 3,863               
|Cash at beginning of period                                                                  |  |                    | 4,387               | 780               | —                   
|Cash at end of period                                                                        |  |                    | $3,863              | $84               | $3,863              
|Supplemental cash flow information:                                                          |  |                    |                     |                   |                     
|Cash paid for:                                                                               |  |                    |                     |                   |                     
|Interest                                                                                     |  |                    | $—                  | $—                | $—                  
|Income
      taxes                                                                           |  |                    | $—                  | $—                | $—                  



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

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
January 31, 2005(Unaudited)

|Note 1 | Organization 
      
      The Company was incorporated under the laws of the State of Colorado on May 22, 2001 with authorized common stock of 100,000,000 shares at $0.001 par value and preferred stock of 25,000,000 at $0.001 par value.
      The preferred shares may be issued in one or more series with terms at the discretion of the Board of Directors.  There have been no preferred shares issued.
      The Company was organized for the purpose of acquiring and exploring mineral properties.  At the report date mineral claims, with unknown reserves, have been acquired. The Company has not established the existence of a commercially minable ore deposit and therefore is considered to be in the pre-exploration stage.
      Since inception, the Company has completed a private placement offering of 9,000,000 common shares for $9,000.
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Note 2 | Summary Of Significant Accounting Policies
      Accounting Methods
      The Company recognizes income and expenses based on the
      accrual method of accounting.
      Dividend Policy
      The Company has not yet adopted a policy regarding
      payment of dividends,
      Income Taxes
      On January 31, 2005, the Company had a net operating loss carry forward of $46,562.  The resulting tax benefit of $13,969 from the loss carry forward has been fully offset by a valuation reserve because the use of the future tax benefit is doubtful since the Company has no operations.  The net operating loss will expire in the year 2025.
      Basic and Diluted Net Loss Per Share
      Basic net loss per share amounts are computed based on the weighted average number of shares actually outstanding.  Diluted net loss per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of the preferred share rights unless the exercise becomes antidilutive and then only the basic per share amounts are shown.
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
January 31, 2005(Unaudited)

|Note 2 | Summary of Significant Accounting Policies -
      (cont'd)
      Capitalization of Mineral Claim Costs
      Cost of acquisition, exploration, carrying and retaining
      unproven properties are expensed as incurred.
      Environmental Requirements
      At the report date, environmental requirements related to
      the mineral claims acquired (Note 3) are unknown and therefore an estimate
      of any future cost cannot be made.
      Financial Instruments
      The carrying amounts of financial instruments, including cash and accounts payable and due to related party are considered by management to be their estimated fair values.  These values are not necessarily indicative of the amounts that the Company could realize in a current market exchange.
      Estimates and Assumptions
      Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles.  Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.  Actual results could vary from the estimates that were assumed in preparing these financial statements.
      Comprehensive Income
      The Company adopted Statement of Financial Accounting Standards No. 130. The adoption of this standard had no impact on the total stockholder's equity.
      Recent Accounting Pronouncements
      The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Note 3 | Option to Purchase Mineral Claims
      
      Pursuant to an agreement dated September 23, 2002 and amended agreement dated May 28, 2004, the Company acquired an option to purchase mineral claims known as "Riley Claims" located in the Clinton Mining Division, British Columbia.
      
      The claims have not been proven to have a commercially minable ore reserve and therefore all costs for exploration and retaining the properties have been expensed.
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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NEW PACIFIC VENTURES, INC.
(A Pre-exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
January 31, 2005(Unaudited)

|Note 3 | Option to Purchase Mineral Claims-(cont'd) 
      
      The terms of the purchase to vest 100% in the claims includes total payments of CND$30,000 and completing work commitments totalling CDN$30,000 on the claims on the dates in the following outline.  The property is subject to a royalty of 2% of the net smelter returns with a right to acquire the rights to the royalty after start of commercial production for $1,000,000.
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Purchase price:                                                                                                                                                                    
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | CDN$5,000 upon execution of the agreement (paid)
      CDN$5,000 by June 6, 2004 (paid)
      CDN$10,000 by June 6, 2005
      CDN$10,000 by June 6, 2006                          
| | Work commitments:                                                                                                                                                                  
| | CDN$2,500 in work by June 6, 2003 (completed)
      CDN$4,000 in work by June 6, 2004 (completed)
      CDN$10,000 in work by June 6, 2005
      CDN$12,500 in work by June 6, 2006



| | Commencing on June 6, 2007 and on the anniversary thereof each year until the property is placed in commercial production, the Company shall pay the sum of CDN$10,000 in cash, or at the Company's option, the equivalent value in free-trading common shares of the Company, as an advance against the royalty to be paid on commercial production occurring.  All advance royalties so paid by the Company shall be recoverable by the Company, together with interest at a rate equal to prime rate plus 2%, from 90% of the royalty payable on commercial production occurring from the property.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Note 4 | Related Party Transactions
      Related parties have acquired 33% of the outstanding
      common stock.
      
      Amounts due to related party consist of advances from a shareholder of the Company which are unsecured, non-interest bearing and without specific terms for repayment.
|------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Note 5 | Going Concern
      The Company will need additional working capital to service its debt and for its planned activity, which raises substantial doubt about its ability to continue as a going concern.  The continuation of the Company as a going concern is dependent on obtaining additional working capital.  Management has developed a strategy, which it believes will accomplish this objective through additional equity funding, long term financing, and additional short term loans from officer's of the Company, which will enable the Company to operate for the coming year.
|------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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ITEM 2.  Management's Discussion and Analysis of
Financial Condition and Results of Operations.

The following discussion should be read in conjunction with the
Financial Statements and Notes thereto appearing elsewhere in this Form 10-QSB.
As described elsewhere in this Form 10-QSB, New Pacific is a pre-exploration
stage company. As of the date of this filing, New Pacific is in the business of
acquiring and exploring mineral properties and does not have a source of revenue
at this time.



(a) Plan of Operation.



New Pacific's outside auditor has noted that there is substantial doubt about our ability to continue as a going concern.  In light of New Pacific's lack of revenues, and operating capital, New Pacific's ability to continue as a going concern is dependent upon future events, such as the successful development and exploration of the mineral property, reliance on one set of mineral claims, New Pacific's ability to engage the services of highly qualified consultants who have expertise in the industry and New Pacific's ability to secure additional sources of financing.



As of the financial period ended January 31, 2005, New Pacific had not generated any revenues from operations since its inception on May 22, 2001 and has accumulated a deficit of $46,562.



New Pacific anticipates spending approximately $7,500 for exploration activities and capital expenditures during the next twelve months.  And, during its fiscal year ending October 31, 2005, and through the first quarter ending January 31, 2006, New Pacific anticipates its corporate expenses to be approximately $10,000.



The Company does not expect any significant changes in the
number of its employees within its fiscal year ending October 31, 2005.



During its fiscal year ending October 31, 2005 and its first quarter ending January 31, 2006, management of New Pacific plans to satisfy its cash requirements of approximately $17,000 by raising additional capital by way of loans, private placements and/or a public offering, to satisfy working capital needs and in order to proceed with the necessary exploration on the Property.



In light of New Pacific's lack of revenues, and operating capital, New Pacific's ability to continue as a going concern is dependent upon future events, such as the successful development and exploration of the mineral property, reliance on one set of mineral claims and New Pacific's ability to engage the services of highly qualified consultants who have expertise in the industry.



Additionally, continuation of the Company as a going concern is dependent upon obtaining additional working capital to service its future obligations.  Management of the Company has developed a strategy, which it believes will accomplish this objective through additional equity funding, and long term financing, which will enable the Company to operate for the coming year.





ITEM 3.  Controls and Procedures



(a) Evaluation of Disclosure Controls & Procedures.

Based on their evaluation as of the end of the period covered
by this Form 10-QSB, the Company's president, as its principal executive
officer, and secretary/treasurer, as its principal financial officer, have
carried out an evaluation of the effectiveness of the Company's disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934). Based upon this evaluation, the principal
executive officer and principal financial officer have concluded the Company's
disclosure controls and procedures are effective in timely informing them of
material information relating to the Company required to be disclosed in its
reports under the Securities Exchange Act of 1934.

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(b) Changes in Internal Control over Financial Reporting.



There was no change in the Company's internal control over
financial reporting during the Company's fiscal quarter covered by this Form
10-QSB that has materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial reporting.



PART II -- OTHER INFORMATION





ITEM 1.  Legal Proceedings.



We have no legal proceedings in effect.





ITEM 2.  Unregistered Sales of Equity Securities and Use of Proceeds.



There have been no changes in securities during this reporting
period.





ITEM 3.  Defaults Upon Senior Securities.

We incurred no defaults upon senior securities during this
reporting period.





ITEM 4.  Submission of Matters to a Vote of Security
Holders.



None



ITEM 5.  Other Information.

In July of 2004, Aegis Capital Corp, on behalf of New Pacific,
filed a Form 15c2-11 with the NASD, to have the Company's common stock traded on
the OTCBB. And as of the date of this filing, the Form 15c2-11 filing for New
Pacific is still pending with the NASD.





ITEM 6.  Exhibits.



(a) Exhibits



Exhibit
No.         Description of
Exhibit



31.1                   Certification
Required Pursuant to Section 302 of the Sarbanes-Oxley Act of 202 for period
ending                            January 31, 2005

31.2                   Certification
Required Pursuant to Section 302 of the Sarbanes-Oxley Act of 202 for period
ending                           January 31, 2005

32.1                   Certification
Required Pursuant to Section 906 of the Sarbanes-Oxley Act of 202 for period
ending                           January 31, 2005

32.2                   Certification
Required Pursuant to Section 906 of the Sarbanes-Oxley Act of 202 for period
ending                            January 31, 2005







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SIGNATURES



In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.



New Pacific Ventures, Inc.

(Registrant)





/s/Gerry Jardine

Gerry Jardine

President

Date:  March 15, 2005

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