UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[ X ]    Quarterly Report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the period ended March 31, 2007

[    ]   Transition Report pursuant to 13 or 15(d) of the Securities Exchange
         Act of 1934

         For the transition period                    to
                                   ------------------    ----------------------

                  Commission File Number   333-124829
                                           ----------


                            DRIFTWOOD VENTURES, INC.
 ------------------------------------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)


             Nevada                                     Applied For
---------------------------------             ---------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
--------------------------------
incorporation or organization)
------------------------------

707 7th Avenue, Suite 5
New Westminster, British Columbia, Canada                      V3M 2J2
------------------------------------------              ----------------------
(Address of principal executive offices)                 (Postal or Zip Code)


Issuer's telephone number, including area code:            250-729-5731
                                               ---------------------------

                                      None
--------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
                                    report)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days Yes [ ] No [ X ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).    Yes  [ X ]   No [   ]


State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  5,807,000 Shares of $0.001 par value
common stock outstanding as of May 15, 2007.


<page>








                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)


                          INTERIM FINANCIAL STATEMENTS


                                 MARCH 31, 2007

                                   (unaudited)








BALANCE SHEETS

STATEMENTS OF OPERATIONS

STATEMENTS OF CASH FLOWS

NOTES TO THE INTERIM FINANCIAL STATEMENTS

<page>

                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)

                                 BALANCE SHEETS
<table>
<caption>

                                                                                         March 31,          December 31,
                                                                                           2007                  2006
                                                                                           ----                  ----
                                                                                        (Unaudited)            (Audited)

                                                                             <c>                      <c>
ASSETS

Current assets
     Cash                                                                       $            255         $         1,764
     Prepaid expenses                                                                     10,000                  10,000
                                                                                    --------------------    -------------------
                                                                                $         10,255         $        11,764
                                                                                    ====================    ===================

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
     Accounts payable and accrued liabilities                                   $         13,911         $        11,320
     Due from related party (Note 2)                                                      30,166                  30,166
                                                                                    --------------------    -------------------
                                                                                          44,077                  41,486
                                                                                    --------------------    -------------------

Stockholders' Deficit
Common Stock (Note 3)
     Authorized:
         75,000,000 common shares, par value of $0.001
     Issued and Outstanding:
              5,807,000 common shares (2005 - 5,807,000)                                   5,807                   5,807
     Additional paid-in capital                                                           22,293                  22,293
     Donated capital (Note 2)                                                             20,300                  18,200
     Deficit accumulated during the exploration stage                                   (82,222)                (76,022)
                                                                                    --------------------    -------------------
                                                                                         (33,822)                (29,722)
                                                                                    --------------------    -------------------

                                                                                $         10,255         $        11,764
                                                                                    ====================    ===================
</table>


   The accompanying notes are an integral part of these financial statements

<page>

                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)

                        INTERIM STATEMENTS OF OPERATIONS
                                   (unaudited)
<table>
<caption>
-------------------------------------------------------------------------------------------------------------------------------

                                                                                                               Period from
                                                              Three months            Three months           February 13, 2003
                                                                 ended                   ended                (Inception) to
                                                              March 31,               March 31,                 March 31,
                                                                 2007                    2006                      2007
                                                                 ----                    ----                      ----

                                                   <c>                    <c>                      <c>
Expenses
     Donated services and rent (Note 2)                $          2,100       $           2,100       $           20,300
     Mineral property costs (Note 4)                                  -                       -                   17,900
     Organizational costs                                             -                       -                      420
     Office and sundry                                            1,000                   1,145                    7,450
     Professional fees                                            3,100                   2,000                   36,152
-------------------------------------------------------------------------------------------------------------------------------

Net Loss                                               $          6,200       $           5,245       $           82,222
===============================================================================================================================


Basic and Diluted Net Loss Per Share                   $         (0.00)       $          (0.00)
=====================================================================================================


Weighted Average Number Of Shares Outstanding -
Basic and Diluted                                             5,807,000               5,807,000
=====================================================================================================
</table>








   The accompanying notes are an integral part of these financial statements

<page>

                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)

                        INTERIM STATEMENTS OF CASH FLOWS
                                   (unaudited)
<table>
<caption>
----------------------------------------------------------------------------------------------------------------------------------

                                                                                                                  Period from
                                                                      Three months           Three months       February 13, 2003
                                                                          ended                  ended           (Inception) to
                                                                       March 31,              March 31,            March 31,
                                                                          2007                   2006                 2007
                                                                          ----                   ----                 ----

                                                             <c>                  <c>                     <c>
Cash Flows From Operating Activities
     Net loss                                                   $         (6,200)     $         (5,245)       $        (82,222)
     Non cash items:
       Donated management services and rent                                2,10000               2,100                  20,300
     Changes in non-cash working capital items:
       Prepaid expenses                                                        -                     -                 (10,000)
        Accounts payable and accrued liabilities                           2,591                   374                  13,911
                                                                ------------------------------------------------------------------
Cash Flows Used In Operating Activities                                   (1,509)               (2,771)                (58,011)
                                                                ------------------------------------------------------------------

Cash Flows From Financing Activities
     Common shares issued                                                      -                     -                  28,100
     Due to related party                                                      -                20,200                  30,166
                                                                ------------------------------------------------------------------
Cash Flows Provided By Financing Activities                                    -                20,200                  58,266
                                                                ------------------------------------------------------------------

(Decrease) Increase in Cash                                               (1,509)               17,429                     255

Cash, Beginning                                                            1,764                 2,577                       -
                                                                ------------------------------------------------------------------

Cash, Ending                                                    $            255      $         20,006        $            255
==================================================================================================================================


Supplementary Cash Flow Information
     Cash paid for:
         Interest                                               $              -      $              -        $              -
         Income taxes                                           $              -      $              -        $              -
==================================================================================================================================
</table>





    The accompanying notes are an integral part of these financial statements

<page>

                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)

                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (unaudited)

     NOTE 1 - NATURE AND CONTINUANCE OF OPERATIONS


       The Company was incorporated in the State of Nevada on February 13, 2003.
       The Company is an  exploration  stage  company as defined by Statement of
       Financial  Accounting Standard ("SFAS") No. 7. The Company owns a mineral
       property  located  in  the  New  Westminster  Mining  Division,   British
       Columbia,  Canada  and has  not  yet  determined  whether  this  property
       contains reserves that are economically  recoverable.  The recoverability
       of  property  expenditures  will  be  dependent  upon  the  discovery  of
       economically recoverable reserves, confirmation of the Company's interest
       in the  underlying  property,  the  ability  of  the  Company  to  obtain
       necessary  financing to satisfy the  expenditure  requirements  under the
       property agreement and upon future profitable  production or proceeds for
       the sale thereof.

       Going Concern
       These  financial  statements have been prepared on a going concern basis.
       The  Company  has  incurred  losses  since  inception   resulting  in  an
       accumulated  deficit of $82,222 and working capital deficiency of $33,822
       at March 31, 2007 and further losses are  anticipated in the  development
       of its business raising  substantial doubt about the Company's ability to
       continue as a going  concern.  Its ability to continue as a going concern
       is  dependent  upon the  ability of the  Company to  generate  profitable
       operations in the future and/or to obtain the necessary financing to meet
       its obligations  and repay its  liabilities  arising from normal business
       operations  when they come due.  Management has plans to seek  additional
       financing  through  private  placements  of its common stock and/or loans
       from directors. These financial statements do not include any adjustments
       relating to the  recoverability and classification of recorded assets, or
       the amounts of and  classification of liabilities that might be necessary
       in the event the Company cannot continue.

       Unaudited Interim Financial Statements
       The  accompanying   unaudited  interim  financial  statements  have  been
       prepared in accordance with United States generally  accepted  accounting
       principles for interim financial information and with the instructions to
       Form 10-QSB of Regulation  S-B. They may not include all  information and
       footnotes  required  by  United  States  generally  accepted   accounting
       principles  for  complete  financial  statements.   However,   except  as
       disclosed herein,  there have been no material changes in the information
       disclosed in the notes to the financial  statements  for the period ended
       December 31, 2006  included in the  Company's  Form 10-KSB filed with the
       Securities  and  Exchange  Commission.  The interim  unaudited  financial
       statements should be read in conjunction with those financial  statements
       included  in  the  Form  10-KSB.  In  the  opinion  of  Management,   all
       adjustments  considered  necessary  for a fair  presentation,  consisting
       solely of normal recurring adjustments, have been made. Operating results
       for the three months ended March 31, 2007 are not necessarily  indicative
       of the results  that may be expected  for the year  ending  December  31,
       2007.

<page>

                            DRIFTWOOD VENTURES, INC.
                         (An Exploration Stage Company)

                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                 MARCH 31, 2007
                                   (unaudited)

     NOTE 2 - RELATED PARTY TRANSACTIONS

     At March 31,  2007,  the  Company  owed a director  $30,166  (December  31,
     2006-$30,166) for expenses incurred on behalf of the Company.

     The  president  of the  Company  donates  management  services  and  office
     premises to the Company.  The services are valued at $500 per month and the
     office premises are valued at $200 per month. During the three months ended
     March 31, 2007 donated  services of $1,500  (2006-$1,500)  and donated rent
     expense of $600 (2006-$600) were charged to operations.

     NOTE 3 - COMMON STOCK

     The  total  number of  authorized  common  stock  that may be issued by the
     Company is 75,000,000 shares of stock with a par value of $0.001 per share.

     NOTE 4 - MINERAL PROPERTY

     Pursuant to a mineral property purchase  agreement dated December 15, 2004,
     the Company acquired a 100% undivided right, title and interest in the Hope
     mineral  claim  located in the New  Westminster  Mining  Division,  British
     Columbia,  Canada for $7,000 cash. During the year ended December 31, 2006,
     the  Company  incurred  additional  $7,500   (2005-$3,400)  in  exploration
     expenses on the claim.























<page>


Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation

Our plan of operation for the twelve months following the date of this report is
to complete the recommended  phase two  exploration  program on the Silver Creek
claim. We anticipate that the cost of this program will be approximately $5,000.

Following  completion of the phase two exploration program, we intend to conduct
a phase  three  program.  In  determining  whether  to  conduct  a  phase  three
exploration,  we will rely upon the advice of the geologist that  undertakes the
exploration program. Following the phase two program, the geologist will provide
us with a summary of the results of the program,  as well as recommendations for
additional  exploration,  if any.  These  recommendations  will be  based on the
quantity and grade of any minerals discovered and the potential to discover more
mineralization  on the  property.  Our board of  directors  will then review the
recommendations  of the  geologist  and  determine  whether to proceed  with his
recommendations.  We are unable to determine  exactly what this exploration will
consist of until the second phase of exploration  is complete,  but we expect it
will  include a drilling  component  and will cost  between  $50,000 to $100,000
dollars. Drilling involves extracting a long cylinder of rock from the ground to
determine  amounts of metals at different  depths.  Pieces of the rock obtained,
known as drill core, are analysed for mineral content.

Even after completing the phase two exploration  program,  we will have to spend
funds on  further  exploration  before  we will  know if we have a  commercially
viable mineral deposit. We are unable to determine exactly what this exploration
will consist of until the second phase of exploration is complete, but we expect
it will include several  drilling  programs,  as well as engineering  studies to
determine the  feasibility  of operating a mine on the property.  These drilling
programs  and studies  will  encompass  at least  several  phases of  additional
exploration and may cost several million dollars before we are able to determine
if mining operations on the property are warranted.

If  warranted,  the phase three program will be followed by a phase four program
consisting of more drilling to delineate the extent of mineralization discovered
underground  based on results from  drilling in phase  three.  This program will
likely cost approximately $200,000 to $300,000.

Our management will be responsible for retaining  qualified personnel to conduct
exploration  on the  Silver  Creek  claim  and  arranging  for the  lease of any
required equipment for each phase of exploration.  They will also be responsible
for attempting to secure additional financing for us.

<page>

In the next 12 months,  we also  anticipate  spending an  additional  $15,000 on
professional fees and administrative  expenses,  including and anticipated costs
of complying with reporting obligations.

Total expenditures over the next 12 months are therefore expected to be $20,000.
This amount will cover the costs of the phase two exploration program.  However,
we will require additional funds to cover all of the anticipated  administrative
expenses.

We  will  require  additional  funding  in  order  to  cover  a  portion  of our
administrative costs and to proceed with additional recommended exploration work
on the claim beyond the phase two program. We anticipate that additional funding
will be  required  in the form of equity  financing  from the sale of our common
stock or through  director loans.  On January 15, 2006 our President,  Mr. Steve
Chan,  loaned us $20,000 to finance  anticipated  expenses  for the next  twelve
months.  The loan from Mr.  Steve Chan is interest  free,  unsecured  and has no
fixed terms of repayment.  Mr. Chan is prepared to loan us  additional  funds as
needed, although he does not have any obligation in this regard.

We cannot  provide  investors  with any assurance  that we will be able to raise
sufficient  funding  from  the  sale of our  common  stock  to  fund  subsequent
exploration.  We believe  that debt  financing  will not be an  alternative  for
funding the complete  exploration  program.  We do not have any  arrangements in
place for any future equity financing.

If we cannot arrange  financing on a timely basis, we may have to delay proposed
exploration programs. Alternatively, we may consider developing the Silver Creek
claim on a joint venture  basis.  This means that we would transfer a portion of
our 100% interest in the claim to a third party in exchange for them  conducting
a certain  amount  of  exploration  on the  claim.  However,  we do not have any
arrangement in this regard.

The  company  would  seek  to  acquire  other  mineral   claims  should  further
exploration  of its  Silver  Creek  claims be  discontinued  due to  unfavorable
exploration results.

Results of Operations for the Period Ended March 31, 2007

We did not earn any revenues during the three-month period ended March 31, 2007.
We do not anticipate earning revenues unless we enter into commercial production
on the Silver Creek claim, which is doubtful.

We  incurred  operating  expenses  in the amount of $6,200  for the  three-month
period  ended  March 31,  2007.  These  operating  expenses  were  comprised  of
professional  fees of $3,100,  donated  services and rent recorded at $2,100 and
office and sundry expenses of $1,000.

Our net loss for the three-month period ended March 31, 2007 increased  slightly
from the comparative period in fiscal 2006 (2007: $6,200; 2006: $5245) due to an
increase in professional fees.

At March 31, 2007, we had total assets of $10,255 consisting of $255 in cash and
$10,000 in prepaid  expenses.  At the same date,  our  liabilities  consisted of
accounts payable and accrued  liabilities of $13,911 and a loan payable from one
of our director for $30,166.

We have not attained  profitable  operations  and are dependent  upon  obtaining
financing  to pursue  exploration  activities.  For these  reasons our  auditors
believe  that there is  substantial  doubt that we will be able to continue as a
going concern.


Item 3 Controls and Procedures

Evaluation of Disclosure Controls

<page>

We evaluated the  effectiveness of our disclosure  controls and procedures as of
March  31,  2007.  This  evaluation  was  conducted  by Steven  Chan,  our chief
executive officer and Keith Smith, our principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based upon their  evaluation of our controls,  Steven Chan, our chief  executive
officer and Keith Smith, our principal accounting officer,  have concluded that,
subject to the limitations  noted above,  the disclosure  controls are effective
providing  reasonable assurance that material information relating to us is made
known to  management  on a timely  basis  during the period when our reports are
being  prepared.  There were no changes in our internal  controls  that occurred
during the quarter covered by this report that have materially affected,  or are
reasonably likely to materially affect our internal controls.

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not a party to any pending  legal  proceeding.  Management is not
aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

None.

Item 3. Defaults Upon Senior Securities

None.

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

None.

Item 5. Other Information

None.

Item 6. Exhibits and Report on Form 8-K

 31.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 31.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 32.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

<page>

 32.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

         We did not file any current reports on Form 8-K during the period.

SIGNATURES

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

May 15, 2007


Driftwood Ventures, Inc.


/s/ Steven Chan
------------------------------
Steven Chan, President