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                                 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 nine month period ended April 30, 2004.

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

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

                  Commission File Number       333-110363
                                         ---------------------



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


             Nevada                                      41-2052984
--------------------------------              ---------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)


21 Falcon Avenue, Box 1135
Manitouwadge, Ontario, Canada                              P0T 2C0
---------------------------------------           -------------------------
(Address of principal executive offices)              (Postal or Zip Code)


Issuer's telephone number, including area code:          604-826-2922
                                                  -------------------------


                                      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 [ X ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  6,320,000 Shares of $0.001 par value
common stock outstanding as of June 23, 2004.


<PAGE>


Tamarack Ventures, Inc.
(An Exploration Stage Company)
Balance Sheets
(Expressed in US dollars)

<TABLE>
<CAPTION>
                                                                                        April 30,        July 31,
                                                                                          2004             2003
                                                                                            $                $
                                                                                       ----------        ---------
<S>                                                                                   (Unaudited)        (Audited)
ASSETS                                                                                <C>                 <C>

Current Assets

Cash                                                                                       2,052            10,014
----------------------------------------------------------------------------------------------------------------------


Total Assets                                                                               2,052            10,014
======================================================================================================================


LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY

Current Liabilities

Accounts payable                                                                           1,750                 -
Accrued liabilities                                                                        2,250             4,000
Due to related parties (Notes 3(a) and (c))                                                4,650               226
----------------------------------------------------------------------------------------------------------------------

Total Liabilities                                                                          8,650             4,226
----------------------------------------------------------------------------------------------------------------------


Contingencies (Note 1)

Stockholders' (Deficit) Equity

Common Stock, 75,000,000 shares authorized, $0.001 par value
6,320,000 shares issued and outstanding                                                    6,320             6,320

Additional Paid in Capital                                                                30,930            30,930

Donated Capital  (Notes 3(b) and (c))                                                     38,000            19,500

Deficit Accumulated During the Exploration Stage                                         (81,848)          (50,962)
----------------------------------------------------------------------------------------------------------------------

Total Stockholders' (Deficit) Equity                                                      (6,598)            5,788
----------------------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' (Deficit) Equity                                       2,052            10,014
======================================================================================================================
</TABLE>







    (The accompanying notes are an integral part of the financial statements)

<PAGE>


Tamarack Ventures, Inc.
(An Exploration Stage Company)
Statements of Operations
(Expressed in US dollars)
(Unaudited)
<TABLE>
<CAPTION>
                                           Accumulated From       For the       For the        For the        For the
                                             June 27, 2002      Three months  Three months   Nine months    Nine months
                                          (Date of Inception)      ended         ended          ended          ended
                                             to April 30,        April 30,     April 30,      April 30,      April 30,
                                                 2004               2004          2003          2004           2003
                                                   $                 $             $              $              $

<S>                                             <C>              <C>           <C>           <C>             <C>
Revenue                                              -               -             -            -              -
--------------------------------------------------------------------------------------------------------------------------

Expenses

Interest and bank charges                           25               -             -             -              -
Licenses, dues and fees                            275               -             -             -            190
Management fees (Note 3(b))                     22,000           3,000         3,000         9,000          9,000
Mineral property costs (Note 4)                 24,572              42        15,250           276         15,250
Office and miscellaneous                         1,762             289           410           639            797
Professional fees (Note 3(c))                   17,130           3,350           235        12,475            235
Rent (Note 3(b))                                11,000           1,500         1,500         4,500          4,500
Telephone                                        2,061             303           221           973            669
Transfer agent and filing fees                   3,023           1,767             -         3,023              -
--------------------------------------------------------------------------------------------------------------------------

                                                81,848          10,251        20,616        30,886         30,641
--------------------------------------------------------------------------------------------------------------------------

Net Loss For the Period                        (81,848)        (10,251)      (20,616)      (30,886)       (30,641)
==========================================================================================================================


Net Loss Per Share - Basic and Diluted                               -             -             -          (0.01)
==========================================================================================================================


Weighted Average Shares Outstanding                          6,320,000      5,724,000     6,320,000       4,007,000
==========================================================================================================================
</TABLE>











    (The accompanying notes are an integral part of the financial statements)

<PAGE>

Tamarack Ventures, Inc.
(An Exploration Stage Company)
Statements of Cash Flows
(Expressed in US dollars)
(Unaudited)
<TABLE>
<CAPTION>
                                                                                 For the             For the
                                                                               Nine months         Nine months
                                                                                  ended               ended
                                                                                April 30,           April 30,
                                                                                   2004               2003
                                                                                    $                   $

<S>                                                                               <C>                 <C>
Cash Flows Used In Operating Activities

  Net loss for the period                                                         (30,886)           (30,641)

Adjustments to reconcile net loss to cash:
  Common shares issued for mineral property                                             -             12,750
  Donated services and rent                                                        18,500             13,500

Change in operating assets and liabilities:
Increase in due to related parties                                                  4,424                191
------------------------------------------------------------------------------------------------------------------

Net Cash Used in Operating Activities                                              (7,962)            (4,200)
------------------------------------------------------------------------------------------------------------------


Cash Flows From Financing Activities
    Proceeds from common stock subscriptions                                            -              9,850
------------------------------------------------------------------------------------------------------------------

Net Cash Flows Provided by Financing Activities                                         -              9,850
------------------------------------------------------------------------------------------------------------------

(Decrease) Increase in Cash                                                        (7,962)             5,650

Cash - Beginning of Period                                                         10,014              2,730
------------------------------------------------------------------------------------------------------------------

Cash - End of Period                                                                2,052              8,380
==================================================================================================================


Supplemental Disclosures
 Interest paid                                                                          -                  -
 Income taxes paid                                                                      -                  -
==================================================================================================================
</TABLE>







    (The accompanying notes are an integral part of the financial statements)

<PAGE>

1.   Exploration Stage Company

     The Company was  incorporated  in the State of Nevada on June 27, 2002. The
     Company  has  acquired a 100%  interest in one  mineral  claim,  and has an
     option to acquire a 100%  interest  in an  additional  two  mineral  claims
     located in the Sault Ste. Marie Mining Division, Ontario, Canada.

     The Company is an  Exploration  Stage  Company,  as defined by Statement of
     Financial  Accounting  Standard  ("SFAS")  No.7.  The  Company's  principal
     business  is the  exploration  of mineral  resources.  The  Company has not
     presently  determined  whether its properties contain mineral reserves that
     are economically recoverable.

     These interim  financial  statements  have been prepared on a going concern
     basis,  which  implies the Company will  continue to realize its assets and
     discharge its liabilities in the normal course of business. The Company has
     never  generated  revenues since inception and has never paid any dividends
     and is unlikely to pay  dividends or generate  earnings in the immediate or
     foreseeable  future.  The continuation of the Company as a going concern is
     dependent upon the continued  financial support from its shareholders,  the
     ability of the Company to obtain  necessary  equity  financing  to continue
     operations  and  to  determine  the  existence,  discovery  and  successful
     exploitation   of  economically   recoverable   reserves  in  its  resource
     properties,  confirmation  of the  Company's  interests  in the  underlying
     properties,  and the attainment of profitable  operations.  As at April 30,
     2004,  the  Company has a working  capital  deficiency  of $6,598,  and has
     accumulated losses of $81,848 since inception.  These financial  statements
     do not include any adjustments to the  recoverability and classification of
     recorded  asset amounts and  classification  of  liabilities  that might be
     necessary  should the  Company be unable to  continue  as a going  concern.
     These factors raise  substantial  doubt regarding the Company's  ability to
     continue as a going concern.

     The Company filed an amended SB-2 Registration  Statement ("SB-2") with the
     United States Securities and Exchange Commission on May 6, 2004 to register
     3,170,000 shares of common stock for resale by existing shareholders of the
     Company.  The SB-2 was declared  effective on May 14, 2004. The Company did
     not receive any  proceeds  from the resale of shares of common stock by the
     selling stockholders.

2.   Summary of Significant Accounting Policies

a)       Basis of Presentation

         These interim  financial  statements and related notes are presented in
         accordance with accounting  principles generally accepted in the United
         States, and are expressed in US dollars.  The Company's fiscal year-end
         is July 31.

b)       Use of Estimates

         The  preparation  of  financial  statements  in  conformity  with  U.S.
         generally accepted  accounting  principles  requires management to make
         estimates and  assumptions  that affect the reported  amounts of assets
         and liabilities and disclosure of contingent  assets and liabilities at
         the  date of the  financial  statements  and the  reported  amounts  of
         revenues and expenses during the reporting period. Actual results could
         differ from those estimates.

c)       Basic and Diluted Net Income (Loss) Per Share

         The Company  computes net income  (loss) per share in  accordance  with
         SFAS No. 128, "Earnings per Share". SFAS No. 128 requires  presentation
         of both basic and diluted  earnings  per share (EPS) on the face of the
         income  statement.  Basic EPS is computed by dividing net income (loss)
         available to common  shareholders  (numerator) by the weighted  average
         number of shares outstanding  (denominator) during the period.  Diluted
         EPS gives effect to all dilutive  potential  common shares  outstanding
         during the  period  using the  treasury  stock  method and  convertible
         preferred stock using the  if-converted  method.  In computing  Diluted
         EPS, the average stock price for the period is used in determining  the
         number of shares  assumed to be  purchased  from the  exercise of stock
         options or warrants. Diluted EPS excludes all dilutive potential shares
         if their effect is anti dilutive.

d)       Mineral Property Costs

         The Company is in the  exploration  stage and all costs relating to the
         acquisition and  exploration of mineral  property claims are charged to
         operations as incurred.

e)       Cash and Cash Equivalents

         The Company  considers all highly liquid  instruments  with maturity of
         three months or less at the time of issuance to be cash equivalents.

<PAGE>

2.   Summary of Significant Accounting Policies (continued)

f)       Comprehensive Loss

         SFAS No. 130, "Reporting  Comprehensive  Income," establishes standards
         for the reporting and display of comprehensive  loss and its components
         in the financial  statements.  As at April 30, 2004, the Company has no
         items that  represent  a  comprehensive  loss and,  therefore,  has not
         included a schedule of comprehensive loss in the financial statements.

g)       Financial Instruments

         The  fair  values  of cash and  equivalents,  accrued  liabilities  and
         amounts due to a related party approximate their carrying values due to
         the immediate or short-term maturity of these financial instruments.

h)       Income Taxes

         Potential  benefits  of income  tax losses  are not  recognized  in the
         accounts  until  realization  is more likely than not.  The Company has
         adopted SFAS No. 109 as of its inception.  Pursuant to SFAS No. 109 the
         Company is  required to compute tax asset  benefits  for net  operating
         losses carried forward.  Potential benefit of net operating losses have
         not been recognized in these financial  statements  because the Company
         cannot be assured it is more  likely  than not it will  utilize the net
         operating losses carried forward in future years.

i)       Foreign Currency Translation

         The Company's  functional  and reporting  currency is the United States
         dollar.  Foreign  currency  transactions  are  primarily  undertaken in
         Canadian  dollars and are  translated  into United States dollars using
         exchange  rates at the date of the  transaction.  Monetary  assets  and
         liabilities  denominated  in foreign  currencies are remeasured at each
         balance sheet date at the exchange rate prevailing at the balance sheet
         date.  Foreign  currency  exchange  gains and  losses  are  charged  to
         operations.  The  Company  has not,  to the  date of  these  financials
         statements, entered into derivative instruments to offset the impact of
         foreign currency fluctuations.

j)       Recent Accounting Pronouncements

         In May 2003,  the FASB  issued SFAS No.  150,  "Accounting  for Certain
         Financial  Instruments  with  Characteristics  of both  Liabilities and
         Equity".   SFAS  No.  150  establishes  standards  for  how  an  issuer
         classifies   and   measures   certain   financial    instruments   with
         characteristics  of both  liabilities  and equity.  It requires that an
         issuer  classify a financial  instrument  that is within its scope as a
         liability (or an asset in some circumstances). The requirements of SFAS
         No.  150  apply  to  issuers'   classification   and   measurement   of
         freestanding financial instruments,  including those that comprise more
         than one  option or  forward  contract.  SFAS No. 150 does not apply to
         features  that are  embedded  in a financial  instrument  that is not a
         derivative  in its  entirety.  SFAS No. 150 is effective  for financial
         instruments  entered into or modified after May 31, 2003, and otherwise
         is effective at the  beginning of the first  interim  period  beginning
         after  June 15,  2003,  except  for  mandatorily  redeemable  financial
         instruments of nonpublic entities. It is to be implemented by reporting
         the  cumulative  effect  of a change  in an  accounting  principle  for
         financial  instruments created before the issuance date of SFAS No. 150
         and still  existing at the beginning of the interim period of adoption.
         Restatement  is not  permitted.  The adoption of this  standard did not
         have a  material  effect on the  Company's  results  of  operations  or
         financial position.

         In  December  2002,  the FASB  issued  SFAS No.  148,  "Accounting  for
         Stock-Based  Compensation  - Transition and  Disclosure",  which amends
         SFAS  No.  123 to  provide  alternative  methods  of  transition  for a
         voluntary  change to the fair  value  based  method of  accounting  for
         stock-based employee  compensation.  In addition,  SFAS No. 148 expands
         the disclosure  requirements  of SFAS No. 123 to require more prominent
         disclosures in both annual and interim  financial  statements about the
         method of accounting  for  stock-based  employee  compensation  and the
         effect  of  the  method  used  on  reported  results.   The  transition
         provisions  of SFAS No. 148 are  effective for fiscal years ended after
         December  15,  2002.  The  disclosure  provisions  of SFAS No.  148 are
         effective for financial  statements for interim periods beginning after
         December 15, 2002. The  transition  provisions do not currently have an
         impact on the Company's financial position and results of operations as
         the Company currently has no stock-based employee compensation.

<PAGE>

2.   Summary of Significant Accounting Policies (continued)

     k)  Interim Financial Statements

         These interim unaudited financial  statements have been prepared on the
         same basis as the annual  financial  statements  and in the  opinion of
         management,   reflect  all  adjustments,   which  include  only  normal
         recurring  adjustments,  necessary  to  present  fairly  the  Company's
         financial  position,  results  of  operations  and cash  flows  for the
         periods  shown.  The  results of  operations  for such  periods are not
         necessarily  indicative of the results  expected for a full year or for
         any future period.

3.   Related Party Balances/Transactions

a)       The President of the Company paid for certain expenses on behalf of the
         Company during the nine months ended April 30, 2004 amounting to $1,819
         (April 30, 2003 - $1,386).  The President  also advanced  $2,000 to the
         Company  during the period.  The amount  owing at April 30, 2004 to the
         President of $2,160 (July 31, 2003 - $226) is  unsecured,  non-interest
         bearing and has no terms of repayment.

b)       The President provides  management  services and office premises to the
         Company.  The  services  are  valued at $1,000 per month and the office
         premises  are valued at $500 per month.  During the nine  months  ended
         April 30, 2004 the President donated services of $9,000 (April 30, 2003
         - $9,000) and donated rent of $4,500  (April 30, 2003 - $4,500).  These
         amounts were charged to operations and recorded as donated capital.

c)       A Director of the Company  paid for an expense on behalf of the Company
         amounting to $500 and advanced $1,990 (CAD$2,700) to the Company during
         the nine months  ended April 30,  2004.  The amount  owing at April 30,
         2004 of $2,490 is unsecured,  non-interest  bearing and has no terms of
         repayment.  Also, this director provided donated professional  services
         for the nine-month  period ended April 30, 2004 totalling $5,000 (April
         30, 2003 - $NIL). This amount was charged to operations and recorded as
         donated capital.

4.   Mineral Properties

a)       The Company  entered into a mineral  property  option  agreement  dated
         December  1, 2002 with  Raven  Resources  Inc.  ("Raven")  whereby  the
         Company was granted an option to acquire a 100% interest in two mineral
         claims  located  in the Sault  Ste.  Marie  Mining  Division,  Ontario,
         Canada.  In order to  acquire  a 100%  interest  in these  claims,  the
         Company must issue 250,000 shares of common stock (issued), pay $35,000
         in various stages to December 1, 2005 ($2,500 paid), and incur at least
         $50,000  in  exploration  costs by  December  1, 2005.  If the  Company
         exercises  the  option,  the claims will be subject to a 2% net smelter
         returns  royalty  and  a  2%  gross   overriding   royalty  on  diamond
         production. Advance net smelter returns royalty payments of $10,000 are
         due on December 1 each year commencing December 1, 2005.

b)       The Company  entered  into an  agreement  dated April 28, 2003 with Mr.
         Gilles Gionet  ("Gionet") to acquire a 100% interest in a mineral claim
         located in the Sault Ste. Marie Mining Division,  Ontario, Canada. This
         claim is subject to a 1% net  smelter  returns  royalty  and a 1% gross
         overriding  royalty  on  diamond  production.  Under  the  terms of the
         agreement,  the Company paid $1,000 and issued 250,000 shares of common
         stock to earn their interest.

<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  the
Company's  financial  position,  business strategy,  and plans and objectives of
management  of the  Company  for  the  future  operations,  are  forward-looking
statements.

Although  the  Company  believes  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 the Company's expectations include, but
are  not  limited  to,  market  conditions,   competition  and  the  ability  to
successfully complete financing.

Item 2. Plan of Operation

Plan of Operation


Our plan of operation for the twelve months is to complete the recommended phase
one and phase two exploration programs on the Percy Lake property. We anticipate
that the programs will cost approximately $7,400 and $16,280 respectively.

In addition,  we anticipate spending an additional $10,000 on professional fees,
including  fees  payable  in  connection  with the  filing of this  registration
statement and complying with reporting obligations.

Total expenditures over the next 12 months are therefore expected to be $33,680.

We  will  require  additional  financing  to  complete  the  phase  one  of  the
exploration  program.  We commenced the Phase 1  exploration  program in October
2003. Due to weather conditions,  we had to suspend exploration until the spring
of 2004. We anticipate  proceeding with phase two of the exploration program, if
warranted, in the summer or fall of 2004.

We will  assess  whether to proceed to phase two of the  recommended  geological
exploration program upon completion of an assessment of the results of phase one
of the geological exploration program. We will require additional funding in the
event that we decide to proceed with phase two of the  exploration  program.  We
anticipate  that  additional  funding  will be  required  in the form of  equity
financing  from  the  sale of our  common  stock.  However,  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 the second  phase of the  exploration
program.  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.

Our  cash  reserves  are not  sufficient  to meet our  obligations  for the next
twelve-month period. As a result, we will need to seek additional funding in the
near future. We currently do not have a specific plan of how we will obtain such
funding;  however,  we anticipate that additional funding will be in the form of
equity  financing from the sale of our common stock. We may also seek short-term
loans from our directors,  although no such  arrangement  has been made. At this
time, we cannot  provide  investors  with any assurance  that we will be able to
raise  sufficient  funding  from the sale of our common  stock or through a loan
from our directors to meet our  obligations  over the next twelve months.  We do
not have any arrangements in place for any future equity financing.

If we do not complete the cash payments or the exploration expenditures required
under the option agreement for the 32 Percy Lake mineral claims units,  then our
option  will  terminate  and we will lose all our  rights and  interest  in that
portion  of the  property.  The  agreement  requires  that we pay an  additional

<PAGE>

$12,500  to the owner of the  property  by  December  1, 2004 and an  additional
$20,000  by  December  1,  2005.  We are  also  required  to  spend  $20,000  on
exploration  expenditures  by  December  1, 2004 and an  additional  $25,000  by
December 1, 2005.

If we do not  secure  additional  financing  to incur the  required  exploration
expenditures, we may consider bringing in a joint venture partner to provide the
required  funding.  We have not undertaken any efforts to locate a joint venture
partner.  In addition,  we cannot  provide  investors with any assurance that we
will be able to locate a joint venture partner who will assist us in funding the
exploration of the Percy Lake property.  We may also pursue acquiring  interests
in alternate mineral properties in the future.

Results Of Operations For Period Ending April 30, 2004

We did not earn any revenues during the nine-month period ending April 30, 2004.
We do not  anticipate  earning  revenues until such time as we have entered into
commercial  production  of the Percy  Lake  property.  We are  presently  in the
exploration  stage of our business and we can provide no assurance  that we will
discover economic  mineralization levels of minerals on the property, or if such
minerals are discovered, that we will enter into commercial production.

We  incurred  operating  expenses  in the amount of $30,886  for the  nine-month
period  ended  April  30,  2004,  as  compared  to a loss  of  $30,641  for  the
comparative  period in 2003.  The  slight  increase  in net loss in the  current
fiscal  year is  primarily  a result of an  increase  in  professional  fees and
transfer  agent  and  filing  fees  relating  to our  filing  of a  registration
statement  on Form  SB-2.  Our  professional  fees  increased  from  $235 in the
nine-month period ended April 30, 2004 to $12,475 in the nine-month period ended
April 30, 2004.  Transfer  agent and filing fees  increased from $0 to $3,023 in
the same periods.  During the same  periods,  mineral  property  costs fell from
$15,250 to $276.  The higher  costs in the period  ended  April 30,  2003 were a
result of initial costs  relating to our  acquisition  of interests in the Percy
Lake property.

Our operating  expenses in the first nine months of the current fiscal year were
comprised of the $12,475 in professional  fees,  $9,000 and $4,500  representing
respectively  the recorded value of management  services and rent donated by our
president,  $3,023 in transfer agent and filing fees,  telephone  costs of $973,
office and  miscellaneous  costs of $639 and mineral  property costs of $276. We
have  not  attained  profitable  operations  and are  dependent  upon  obtaining
financing to pursue exploration activities.

At April  30,  2004,  we had cash on hand of $2,052  and  accounts  payable  and
liabilities  of  $8,650  consisting  of  accounts  payable  of  $1,750,  accrued
liabilities of $2,250 and $4,650 due to related parties.

Item 3 Controls and Procedures

Evalution of Disclosure Controls

We  evaluated  the  effectiveness  of our  disclosure  controls  and  procedures
subsequent to the end of our  nine-month  fiscal  period.  This  evaluation  was
conducted  with  the  participation  of our  chief  executive  officer  and  our
principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that information that we are required to disclosed 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,

<PAGE>

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

During the period, we did not file any current reports on Form 8-K.

<PAGE>


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.

Tamarack Ventures, Inc.


/s/ Robert Reukl
------------------------------
Robert Reukl, President