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 QUARTERLY PERIOD ENDED March 31, 2005

      OR

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

      For the transition period from to

Commission file number: 333-110052

NORTHWEST PASSAGE VENTURES, LTD.
(Exact name of registrant as specified in its charter)

Nevada
(State of other jurisdiction of incorporation or organization)

20-0177856
(IRS Employer Identification Number)

509-207 West Hastings Street
Vancouver, British Columbia
V6B 1H7    Canada
(Address of principal executive offices)

(604) 687-3113
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has 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 Registrant 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 equity, as of the latest practicable date:

May 5, 2005: 5,043,500 common shares outstanding.

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


				-1-

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                     NORTHWEST PASSAGE VENTURES, LTD.
                        (Development Stage Company)
                             BALANCE SHEET
                   March 31, 2005 and June 30, 2004
                                (Unaudited)


                                           (Unaudited)  (Audited)

                                            Mar 31,      Jun 30,
                                             2005        2004

ASSETS
CURRENT ASSETS

     Cash                                   $7,199        $93,135

          Total Current Assets              $7,199        $93,135


LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES

     Accounts payable-related party  	   $  0          $ 3,233

          Total Current Liabilities           0            3,233


STOCKHOLDERS' EQUITY

     Common stock
        100,000,000 shares authorized at
	$0.0001 par value; 5,043,500 shares
	issued and outstanding               504             504

     Capital in excess of par value         104,246       104,246

     Deficit accumulated during
	Development stage                   (97,551)      (14,848)

          Total Stockholders' Equity         7,199         89,902

                                            $7,199        $93,135


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

                                 -2-


                      NORTHWEST PASSAGE VENTURES, LTD.
                        (Development Stage Company)
                         STATEMENTS OF OPERATIONS
           For the Three and Nine Months Ended March 31, 2005, and 2004,
and the Period August 22, 2003, (date of inception) to March 31, 2005
                             (Unaudited)


                         Three Months Ended	  Six Months Ended
                              March 31               March 31      Aug 22, 2003
                         2005       2004     2005      2004     to Mar 31, 2005


REVENUES                   $  -       $ -      $ -       $  -	      $  -

EXPENSES

Equipment maintenance      2,486	-       19,543      -        19,543
Professional/Management      475        -       53,950	    - 	     53,950
Administrative                19       18        9,210	 1,043	     24,058

NET LOSS                  $(2,980)    (18)     (82,703)  (1,043)    (97,551)


NET LOSS PER COMMON
  SHARE

  Basic and diluted         $  -       $ -      $(.02)     $  -


AVERAGE OUTSTANDING
SHARES

Basic (stated in 1,000's)  5,043       4,000     5,043	    4,000


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


					-3-


                       NORTHWEST PASSAGE VENTURES, LTD.
                        (Development Stage Company)
                          STATEMENT OF CASH FLOWS
            For the Nine Months Ended March 31, 2005, and 2004,
and the Period August 22, 2003, (date of inception) to March 31, 2005
                              (Unaudited)


					     Nine Months Ended
					         March 31	  Aug 22, 2003
					    2005          2004	  to Mar 31, 2005

CASH FLOWS FROM
 OPERATING ACTIVITIES

Net loss 	                         (82,703)       (1,043)    (97,551)

Adjustments to reconcile net
  loss to net cash provided by
  operating activities:

   Change in accounts payable             (3,233)          -          -

   Net Cash used in Operations            (85,936)     (1,043)      (97,551)

CASH FLOWS FROM INVESTING
    ACTIVITIES                               -            -           -

CASH FLOWS FROM  FINANCING
    ACTIVITIES

Proceeds from loan                           -           958
Proceeds from issuance of common
stock 	                                     -           400       104,750

Increase (Decrease) in Cash               (85,936)       315         7,199

Cash at Beginning of Period 	           93,135	         -           -

Cash at End of Period                      $7,199       $ 315      $  7,199


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

					-4-

NORTHWEST PASSAGE VENTURES, LTD.
(Development Stage Company)
Notes to Financial Statements
March 31, 2005
(Unaudited)


NOTE 1:  Basis of Presentation

These unaudited financial statements have been prepared in accordance with the
instructions to SEC Form 10-QSB. Accordingly, certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted
pursuant to such instructions. These unaudited financial statements should be
read in conjunction with the audited financial statements and notes thereto
for the period ended June 30, 2004.

In the opinion of the Companys management, all adjustments considered necessary
for a fair presentation of these unaudited financial statements have been
included and all such adjustments are of a normal recurring nature. Operating
results for the three and nine month periods ended March 31, 2005, are not
necessarily indicative of the results that can be expected for the year ended
June 30, 2005.

					-5-

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of the financial condition and results of
operations of the Company should be read in conjunction with the
financial statements and the related notes thereto included elsewhere in
this quarterly report for the period ended March 31, 2005. This quarterly
report contains certain forward-looking statements and the Company's
future operating results could differ materially from those discussed
herein. Certain statements contained in this Report, including, without
limitation, statements containing the words "believes", "anticipates,"
"expects" and the like, constitute "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Given these uncertainties,
readers are cautioned not to place undue reliance on such
forward-looking statements. The Company disclaims any obligation to
update any such factors or to announce publicly the results of any
revisions of the forward-looking statements contained or incorporated by
reference herein to reflect future events or developments.

Overview:

The Company was incorporated in the State of Nevada on August 22, 2003. The
Company is in the development stage of its business of establishing a
marine adventure tourism business providing luxury excursions
throughout the Pacific Northwest, primarily in and around Vancouver and the
Gulf Islands, British Columbia, Canada. The Company owns a website through
which it intends to market its services and possibly attract advertisers
to its website.

The Company has been in the development stage since its inception and
and has not generated any revenues from its planned operations. Management
currently devotes most of its time to developing a market for its business
and raising additional funds. As of March 31, 2005, the Company had
$7,199 in cash and no liabilities. Our cash reserves are not sufficient to
satisfy our operating requirements during the next three months. Should the
Company proceed with implementing its planned activities, then we anticipate
that cash reserves will be exhausted within approximately three months, or
sooner, if significant revenue is not generated during this time. For the
company to remain in business for more than three months, we believe that
we need to raise additional funds through loans and/or equity financing.

					-6-

The ability of the Company to emerge from the development stage with
respect to its planned principal operations is dependent upon its ability
to raise additional funds and/or generate significant revenue through
operations. There is no guarantee that the Company will be able to complete
any of the above objectives. This raises significant doubt regarding the
Company's ability to continue as a going concern.

Financial Condition, Liquidity and Capital Resources

Since inception on August 22, 2003, the purpose of our Company has
been to establish a marine adventure tourism business. Our
principal capital resources have been acquired through issuance of
common stock.

On May 7, 2004, the Securities and Exchange Commission issued an
order declaring our SB-2 Registration Statement effective pursuant
to section 8(a) of the Securities Act of 1933, as amended.

On June 28, 2004, we completed our public offering by raising
$104,350. We sold 1,043,500 shares of our common stock at an offering
price of ten cents per share.

On November 2, 2004, our common stock was approved for listing on the
Over-The-Counter Bulletin Board under the trading symbol NWPV. As of the
date of this filing, there has not been any trading of our shares on the
Over-The-Counter Bulletin Board.

At March 31, 2005, we had negative working capital of $97,551
compared to negative working capital of $14,848 at June 30, 2004. This
change is primarily the result of payment of equipment purchase and
maintenance, administration, and professional/management fees.

At March 31, 2005, our Company had total assets of $7,199 consisting
of cash, which compares with our Company's total assets at June 30,
2004, of $93,135 consisting of cash. This change is primarily the
result of expenses related to equipment purchase and maintenance,
administration, and professional/management fees.

At March 31, 2005, our Company did not have any liabilities. To compare,
our total liabilities at June 30, 2004, were $3,233. This amount represented
the balance owing of a related party loan which has now been paid in full.

Our Company has not had revenues since inception. Until the Company
commences business operations, it anticipates surviving with
its current cash reserves and if possible, from shareholder loans and/or
funding from sales of its securities. We not expect our current cash reserves
to survive longer than three months.

Our Company has no long-term debt and does not regard long-term borrowing
as a good, prospective source of financing.

We will not be conducting any product research or development. We do not
expect to purchase or sell any significant equipment nor do we expect any
significant changes in the number of our employees.

					-7-

Results of Operations

Our Company posted a loss of $2,980 for the three months ending March 31,
2005, and a loss of $82,703 for the nine months ending March 31, 2005.
The principal components of the loss were equipment purchase and maintenance,
administration, and professional/management fees. Operating expenses for the
three months ending March 31, 2005, were $2,980; operating expenses for the
nine months ending March 31, 2005, were $82,703 compared to operating expenses
of $14,848 for the year ending June 30, 2004.

Item 3.  Controls and Procedures

We maintain disclosure controls and procedures that are designed to
ensure that information required to be disclosed in the Company's Securities
Exchange Act of 1934 reports is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms,
and that such information is accumulated and communicated to the Company's
management, including its Chief Executive Officer and Chief Financial
Officer, as appropriate, to allow timely decisions regarding required
disclosure.

Our management carried out an evaluation, under the supervision and
with the participation of the Company's management, including the
Company's Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the design and operation of the Company's disclosure
controls and procedures pursuant to Exchange Act Rule 13a-15(e). Based
upon the foregoing, the Company's Chief Executive Officer and Chief
Financial Officer concluded that the Company's disclosure controls and
procedures are effective in connection with the filing of this
Quarterly Report on Form 10-QSB for the quarter ended March 31, 2005.

There were no significant changes in the Company's internal controls
or in other factors that could significantly affect these controls
subsequent to the date of their evaluation, including any significant
deficiencies or material weaknesses of internal controls that would
require corrective action.


Part II.  OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K.

(a) Reports on Form 8-K

No reports on Form 8-K were filed during the quarter for which this report is
filed.

(b) Exhibits

31 - Certification of Principal Executive Officer and Principal Financial
Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32 - Certification of Principal Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.

					-8-

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized


      NORTHWEST PASSAGE VENTURES, LTD.
      (Registrant)





Date:  May 5, 2005       By:  /s/   Axel G. Roehlig
                                    Axel G. Roehlig
                                    President, Chief Executive Officer,
                                    Chief Financial Officer, Principal
                                    Accounting Officer, and a member of
                                    the Board of Directors







 					-9-