----

----

**FORM      10-QSB**

| x | Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

****July      31, 2007**. **

| o | Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934 |
|---|----------------------------------------------------------------------------------------------------------------|

**0-29431**

**INFINEX      VENTURES, INC.**

| **Nevada**                                                                    | **52-2151795**                                   |
|-------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (IRS                Employer Identification No.) |
|                                                                          |                                             |
|                                                                          |                                             |
| **3914                Seaton Place Las Vegas, Nevada**                        | **89121**                                        |
| (Address                of principal executive offices)                       | (Postal                or Zip Code)              |

**702-387-4005**

----

**APPLICABLE        ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**

**PROCEEDINGS        DURING THE PRECEDING FIVE YEARS**

**APPLICABLE        ONLY TO CORPORATE ISSUERS**

**25,349,550 Shares of $0.001 par value          Common Stock outstanding as of September 14,          2007.**

----

| **Part                I                -**  | **FINANCIAL                INFORMATION**                                          |
|---------------------------------------------|-----------------------------------------------------------------------------------|
|                                        |                                                                              |
| **Item                  1.**                | Financial                  Statements:                                            |
|                                        |     Balance                  Sheets                           | 4 |
|                                        |     Interim                  Statements of Operations         | 5 |
|                                        |     Interim                  Statements of Cash Flows         | 6 |
|                                        |     Notes                  to Interim Financial Statements    | 7 |
|                                        |                                                                              |   |
| **Item                  2.**                | Management’s                  Discussion and Analysis or Plan of Operations | 14 |
|                                        |                                                                              |   |
| **Item                  3.**                | Control                  and Procedures                                           | 16 |
|                                        |                                                                              |   |
| **Part                II                -** | **OTHER                INFORMATION**                                              |   |
|                                        |                                                                              |   |
| **Item                1.**                  | Legal                Proceedings                                                  | 16 |
| **Item                  2.**                | Changes                in Securities                                              | 16 |
| **Item                3.**                  | Defaults                Upon Senior Securities                                    | 16 |
| **Item                4.**                  | Submission                of Matters to a Vote of Security Holders                | 17 |
| **Item                5.**                  | Other                Information                                                  | 17 |
| **Item                6.**                  | Exhibits                and Reports on Form 8-K.                                  | 17 |
|                                        |                                                                              |   |
| **SIGNATURES**                              |                                                                              | 17 |

----

**PART        1 – FINANCIAL INFORMATION**

**Item        1. Financial Statements**

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**INTERIM        FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

** (Stated        in U.S. Dollars)**

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**BALANCE        SHEETS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                            |   |                               |           |
|---------------------------------------------------------------------------------|--------|------------------------------------|----------------|
|                                                                            |   | **July                  31, 2007** |           |   | October                  31, 2006 |   |
|                                                                            |   |                               |           |   |   |   |
| **ASSETS**                                                                      |   |                               |           |   |   |   |
|                                                                            |   |                               |           |   |   |   |
| **Current**                                                                     |   |                               |           |   |   |   |
| Cash                  in bank                                                   |   | **$**                              | **-**          |   |   | $ | 231 |   |
| Prepaid                  expenses                                               |   | ** **                         | **-**          |   |   |   | 1,029 |   |
|                                                                            |   |                               |           |   |   |   |   |   |
|                                                                            |   | **$**                              | **-**          |   |   | $ | 1,260 |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| **LIABILITIES**                                                                 |   |                               |           |   |   |   |   |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| **Current**                                                                     |   |                               |           |   |   |   |   |   |
| Bank                  indebtedness                                              |   | **$**                              | **2**          |   |   | $ | - |   |
| Accounts                  payable and accrued liabilities (Note 4)              |   | ** **                         | **117,473**    |   |   |   | 113,123 |   |
| Loans                  payable (Note 4)                                         |   | ** **                         | **274,294**    |   |   |   | 274,294 |   |
| Due                  to related party (Note 5)                                  |   | ** **                         | **81,958**     |   |   |   | 57,286 |   |
|                                                                            |   | ** **                         | **473,727**    |   |   |   | 444,703 |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| **STOCKHOLDERS’                  DEFICIENCY**                             |   |                               |           |   |   |   |   |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| **Share                  Capital**(Note 6)                                      |   |                               |           |   |   |   |   |   |
| Authorized:                                                                     |   |                               |           |   |   |   |   |   |
| 225,000,000                  voting common shares, par value $0.001 per share   |   |                               |           |   |   |   |   |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| Issued                  and outstanding:                                        |   |                               |           |   |   |   |   |   |
| 25,349,550                  common shares at July 31, 2007 and October 31, 2006 |   | ** **                         | **25,350**     |   |   |   | 25,350 |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| Additional                  paid-in capital                                     |   | ** **                         | **3,852,503**  |   |   |   | 3,852,503 |   |
|                                                                            |   |                               |           |   |   |   |   |   |
| **Deficit                  Accumulated During The Exploration Stage**           |   | ** **                         | **(4,351,580** | **)** |   |   | (4,321,296 | ) |
|                                                                            |   | ** **                         | **(473,727**   | **)** |   |   | (443,443 | ) |
|                                                                            |   |                               |           |   |   |   |   |   |
|                                                                            |   | **$**                              | **-**          |   |   | $ | 1,260 |   |

*See        accompanying notes to the financial statements*

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**STATEMENTS        OF LOSS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   | INCEPTION                    |       |
|--------------------------------------------------------------------------------|--------|-----------------------------------------|----------------|--------|----------------------------------------|--------|------------|--------------------------|--------|------------|----------------|--------|--------|------------------------------|------------|
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   | DECEMBER                  30 |       |
|                                                                           |   | **THREE                  MONTHS ENDED** |           |   | **NINE                  MONTHS ENDED** |   |       | 1998                  TO |   |
|                                                                           |   | **JULY                  31**            |           |   | **JULY                  31**           |   |       | JULY                  31 |   |
|                                                                           |   | **2007**                                |           |   | 2006                                   |   |       | **2007**                 |   |       | 2006           |   |   | 2007                         |       |
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |
| **Expenses**                                                                   |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |
| Bank                  charges                                                  |   | **$**                                   | **54**         |   |                                   | $      | 125        |                     |   | **$**      | **152**        |   |   | $                            | 275        |   |   | $ | 1,161 |   |
| Consulting                                                                     |   | ** **                              | **-**          |   |                                   |   | -          |                     |   | ** ** | **-**          |   |   |                         | -          |   |   |   | 6,500 |   |
| Interest                                                                       |   | ** **                              | **1,560**      |   |                                   |   | 1,556      |                     |   | ** ** | **4,596**      |   |   |                         | 4,178      |   |   |   | 31,416 |   |
| License                  fee                                                   |   | ** **                              | **-**          |   |                                   |   | -          |                     |   | ** ** | **-**          |   |   |                         | -          |   |   |   | 400,000 |   |
| Mineral                  property option payments and exploration expenditures |   | ** **                              | **-**          |   |                                   |   | 5,100,000  |                     |   | ** ** | **-**          |   |   |                         | 5,100,000  |   |   |   | 3,602,250 |   |
| Office                  facilities and sundry                                  |   | ** **                              | **898**        |   |                                   |   | 6,542      |                     |   | ** ** | **3,088**      |   |   |                         | 12,799     |   |   |   | 56,889 |   |
| Professional                  fees                                             |   | ** **                              | **1,718**      |   |                                   |   | 3,675      |                     |   | ** ** | **22,448**     |   |   |                         | 15,526     |   |   |   | 217,611 |   |
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |   |   |   |   |   |
| **Net                  Loss For The Period**                                   |   | **$**                                   | **4,230**      |   |                                   | $      | 5,111,898  |                     |   | **$**      | **30,284**     |   |   | $                            | 5,132,778  |   |   | $ | 4,315,827 |   |
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |   |   |   |   |   |
| **Basic                  And Diluted Loss Per Share**                          |   | **$**                                   | **(0.01**      | **)**  |                                   | $      | (0.26      | )                        |   | **$**      | **(0.01**      | **)**  |   | $                            | (0.26      | ) |   |   |   |   |
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |   |   |   |   |   |
|                                                                           |   |                                    |           |   |                                   |   |       |                     |   |       |           |   |   |                         |       |   |   |   |   |   |
| **Weighted                  Average Number Of Shares Outstanding**             |   | ** **                              | **25,349,550** |   |                                   |   | 19,770,153 |                     |   | ** ** | **25,349,550** |   |   |                         | 19,467,477 |   |   |   |   |   |

*See        accompanying notes to the financial statements*

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**STATEMENTS        OF CASH FLOWS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   | INCEPTION                    |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|--------|----------------------------------------|--------|------------|--------------------------|--------|------------|-------------|--------|--------|------------------------------|------------|
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   | DECEMBER                  30 |       |
|                                                                                                                                                                                                           |   | **THREE                  MONTHS ENDED** |       |   | **NINE                  MONTHS ENDED** |   |       | 1998                  TO |   |
|                                                                                                                                                                                                           |   | **JULY                  31**            |       |   | **JULY                  31**           |   |       | JULY                  31 |   |
|                                                                                                                                                                                                           |   | **2007**                                |       |   | 2006                                   |   |       | **2007**                 |   |       | 2006        |   |   | 2007                         |       |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |
| **Cash                  Provided By (Used In)**                                                                                                                                                                |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |
| **Operating                  Activities**                                                                                                                                                                      |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |
| Net                  loss for the period                                                                                                                                                                       |   | **$**                                   | **(4,230** | **)**  |                                   | $      | (5,111,898 | )                        |   | **$**      | **(30,284** | **)**  |   | $                            | (5,132,778 | ) |   | $ | (4,315,827 | ) |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Changes                  in non-cash working capital items:                                                                                                                                                    |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Prepaid                  expenses                                                                                                                                                                              |   | ** **                              | **-**      |   |                                   |   | (14,487    | )                        |   | ** ** | **1,029**   |   |   |                         | (14,487    | ) |   |   | - |   |
| Accounts                  payable and accrued liabilities                                                                                                                                                      |   | ** **                              | **(4,254** | **)**  |                                   |   | 248        |                     |   | ** ** | **4,350**   |   |   |                         | 9,805      |   |   |   | 117,473 |   |
| Shares                  issued for license fee                                                                                                                                                                 |   | ** **                              | **-**      |   |                                   |   | -          |                     |   | ** ** | **-**       |   |   |                         | -          |   |   |   | 402,750 |   |
| Common                  shares issued for mineral property option payments (Note 3 and                  6)                                                                                                     |   | ** **                              | **-**      |   |                                   |   | 5,100,000  |                     |   | ** ** | **-**       |   |   |                         | 5,100,000  |   |   |   | 3,472,500 |   |
|                                                                                                                                                                                                           |   | ** **                              | **(8,484** | **)**  |                                   |   | (26,137    | )                        |   | ** ** | **(24,905** | **)**  |   |                         | (37,460    | ) |   |   | (323,104 | ) |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Investing                  Activity**                                                                                                                                                                        |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Shares                  issued for merged   predecessor corporation net of                  consideration paid in excess of additional paid-in capital at the                  acquisition date |   | ** **                              | **-**      |   |                                   |   | -          |                     |   | ** ** | **-**       |   |   |                         | -          |   |   |   | (45,000 | ) |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Financing                  Activities**                                                                                                                                                                      |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Bank                  indebtedness                                                                                                                                                                             |   | ** **                              | **2**      |   |                                   |   | 102        |                     |   | ** ** | **2**       |   |   |                         | 102        |   |   |   | 2 |   |
| Loans                  payable (Note 4)                                                                                                                                                                        |   | ** **                              | **-**      |   |                                   |   | -          |                     |   | ** ** | **-**       |   |   |                         | -          |   |   |   | 274,294 |   |
| Due                  to related party (Note 5)                                                                                                                                                                 |   | ** **                              | **8,472**  |   |                                   |   | 25,893     |                     |   | ** ** | **24,672**  |   |   |                         | 36,553     |   |   |   | 81,958 |   |
| Shares                  issued for cash and services                                                                                                                                                           |   | ** **                              | **-**      |   |                                   |   | -          |                     |   | ** ** | **-**       |   |   |                         | -          |   |   |   | 11,850 |   |
|                                                                                                                                                                                                           |   | ** **                              | **8,474**  |   |                                   |   | 25,995     |                     |   | ** ** | **24,674**  |   |   |                         | 36,655     |   |   |   | 368,104 |   |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Increase                  (Decrease) In Cash**                                                                                                                                                               |   | ** **                              | **(10**    | **)**  |                                   |   | (142       | )                        |   | ** ** | **(231**    | **)**  |   |                         | (805       | ) |   |   | - |   |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Cash,                  Beginning Of Period**                                                                                                                                                                 |   | ** **                              | **10**     |   |                                   |   | 142        |                     |   | ** ** | **231**     |   |   |                         | 805        |   |   |   | - |   |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Cash,                  End Of Period**                                                                                                                                                                       |   | **$**                                   | **-**      |   |                                   | $      | -          |                     |   | **$**      | **-**       |   |   | $                            | -          |   |   | $ | - |   |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| **Supplemental                  Disclosure Of Cash Flow Information**                                                                                                                                          |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Interest                  paid                                                                                                                                                                                 |   | **$**                                   | **120**    |   |                                   | $      | -          |                     |   | **$**      | **324**     |   |   | $                            | -          |   |   | $ | 26,824 |   |
| Income                  taxes                                                                                                                                                                                  |   | **$**                                   | **-**      |   |                                   | $      | -          |                     |   | $          | -           |   |   | $                            | -          |   |   | $ | - |   |
| **Supplemental                  Disclosure Of Non-Cash Activities**                                                                                                                                            |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |
| Common                  shares issued pursuant to acquisition agreement                                                                                                                                        |   | **$**                                   | **-**      |   |                                   | $      | -          |                     |   | **$**      | **-**       |   |   | $                            | -          |   |   | $ | 1,000 |   |
| Shares                  issued for license fee                                                                                                                                                                 |   | **$**                                   | **-**      |   |                                   | $      | -          |                     |   | **$**      | **-**       |   |   | $                            | -          |   |   | $ | 402,750 |   |
| Common                  shares issued for mineral property option payments (Note 3 and                  6)                                                                                                     |   | **$**                                   | **-**      |   |                                   | $      | 5,100,000  |                     |   | **$**      | **-**       |   |   | $                            | 5,100,000  |   |   | $ | 3,472,500 |   |
|                                                                                                                                                                                                           |   |                                    |       |   |                                   |   |       |                     |   |       |        |   |   |                         |       |   |   |   |   |   |

*See        accompanying notes to the financial statements*

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

**1.      NATURE        OF OPERATIONS AND BASIS OF PRESENTATION**

| a)   | Organization |
|----------------|--------------|

| b)   | Exploration                  Stage Activities |
|----------------|-----------------------------------------------|

| c)   | Unaudited                  Interim Financial Statements |
|----------------|---------------------------------------------------------|

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

**1.      NATURE        OF OPERATIONS AND BASIS OF PRESENTATION (continued)**

| d)   | Basis                  of Presentation |
|----------------|----------------------------------------|

|   | e)                    | Going                  Concern |
|--------|----------------------------|--------------------------------|

| **2.** | **SUMMARY                  OF SIGNIFICANT ACCOUNTING                  POLICIES** |
|--------|----------------------------------------------------------------------------------|

|   | a) | Exploration                  Stage Company |
|--------|----|--------------------------------------------|

|   | b) | Mineral                  Property Interests |
|--------|----|---------------------------------------------|

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **2.** | **SUMMARY                  OF SIGNIFICANT ACCOUNTING                  POLICIES****(Continued)** |
|--------|-------------------------------------------------------------------------------------------------|

|   | c) | Foreign                  Currency Translation |
|--------|----|-----------------------------------------------|

|   | d) | Basic                  and Diluted Loss Per Share |
|--------|----|---------------------------------------------------|

|   | e) | Comprehensive                  Loss |
|--------|----|-------------------------------------|

|   | f) | Cash                  and Cash Equivalents |
|--------|----|--------------------------------------------|

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **2.** | **SUMMARY                  OF SIGNIFICANT ACCOUNTING                  POLICIES****(Continued)** |
|--------|-------------------------------------------------------------------------------------------------|

|   | g) | Impairment                  of Long-Lived Assets |
|--------|----|--------------------------------------------------|

|   | h) | Regulatory                  Matters |
|--------|----|-------------------------------------|

| **3.** | **MINERAL                  PROPERTY INTERESTS** |
|--------|-------------------------------------------------|

|   | a) | Yew                  Claims |
|--------|----|-----------------------------|

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **3.** | **MINERAL                  PROPERTY INTERESTS                  (Continued)** |
|--------|------------------------------------------------------------------------------|

|   | a) | Yew                  Claims (Continued) |
|--------|----|-----------------------------------------|

|   | i) | Delivery                  of 33,000 restricted common shares of the Company upon execution                  of the                  agreement (issued in September                  2006); |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii) | Company’s                  obligation to carry out a drilling program for an amount not less                  than                  $205,255 (CDN$250,000), within three months of the execution of                  the                  agreement (now amended, see below); |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iii) | Completion                  of a feasibility study within two years of the completion of the                  drilling                  program; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iv) | On                  the completion of the feasibility study, the Company will pay on                  the                  anniversary date $44,400 (CDN$50,000) to 697446 B.C.                  Ltd.; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | v) | Upon                  the exercise of the right, the parties shall enter into a joint                  venture                  agreement to develop the Yew Claims in accordance with the feasibility                  study recommendation. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Drilling                         |   | $      | 84,800  |   |
|----------------------------------|--------|--------|---------|--------|
| Geology                          |   |   | 10,100  |   |
| Management                  fees |   |   | 9,500   |   |
| Assays                           |   |   | 6,800   |   |
| Report                           |   |   | 4,200   |   |
| Expenses/disbursements           |   |   | 2,900   |   |
|                             |   |   |    |   |
|                             |   | $      | 118,300 |   |

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **3.** | **MINERAL                  PROPERTY INTERESTS                  (Continued)** |
|--------|------------------------------------------------------------------------------|

| **4.** | **LOANS                  PAYABLE** |
|--------|------------------------------------|

|                                                                                                               |   | **July                  31, 2007** |        |   | October                  31 2006 |   |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|-------------|--------|----------------------------------|--------|
|                                                                                                               |   |                               |        |   |                             |   |
| Repayable                  on demand with interest at 8% per annum compounded annually,                  unsecured |   | **$**                              | **45,000**  |   |                             | $      | 45,000 |   |
| Repayable                  on demand without interest, unsecured                                                   |   | ** **                         | **229,294** |   |                             |   | 229,294 |   |
|                                                                                                               |   |                               |        |   |                             |   |   |   |
|                                                                                                               |   | **$**                              | **274,294** |   |                             | $      | 274,294 |   |

----

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**NOTES        TO INTERIM FINANCIAL STATEMENTS**

**JULY        31, 2007**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **5.** | **DUE                  TO RELATED PARTY** |
|--------|-------------------------------------------|

|                                                                                                                                                                     |   | **July                  31, 2007** |       |   | October                  31, 2006 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|------------|--------|-----------------------------------|--------|
|                                                                                                                                                                     |   |                               |       |   |                              |   |
| Advances                  received from the related party are unsecured, non-interest bearing                  and                  have no specific terms of repayment. |   | **$**                              | **81,958** |   |                              | $      | 57,286 |   |

| **6.** | **SHARE                  CAPITAL** |
|--------|------------------------------------|

|   | a) | On                  July 24, 2006 the Company issued 6,000,000 common restricted shares                  with a                  deemed value of $3,400,000 as partial payment regarding its Tesora                  mineral                  property claims, towards the 20,000,000 restricted share purchase                  price                  set out in the LOI of January 30, 2006. Once the claims have been                  registered in the Company’s name, the remaining 14,000,000 restricted                  shares will be issued. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | On                  September 6, 2006 the Company issued 33,000 common restricted shares                  with                  a deemed value of $72,500 regarding its Yew mineral property claims,                  as                  part of the Joint Venture and Option agreement dated June 14, 2004                  between                  the Company and 697446 B.C. Ltd. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **7.** | **COMMITMENTS                  AND CONTRACTUAL                  OBLIGATIONS** |
|--------|-------------------------------------------------------------------------------|

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**Item        2. Management Discussion and Analysis or Plan of        Operations**

***This        following information specifies certain forward-looking statements of management        of the company. Forward-looking statements are statements that estimate the        happening of future events and are not based on historical        fact.  Forward-looking statements may be identified by the use of        forward-looking terminology, such as “may”, “shall”, “will”, “could”, “expect”,“estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”,“continue”, or similar terms, variations of those terms or the negative of those        terms.  The forward-looking statements specified in the following        information have been compiled by our management on the basis of assumptions        made by management and considered by management to be reasonable. Our future        operating results, however, are impossible to predict and no representation,        guaranty, or warranty is to be inferred from those forward-looking        statements.***

***The        assumptions used for purposes of the forward-looking statements specified        in the        following information represent estimates of future events and are subject        to        uncertainty as to possible changes in economic, legislative, industry, and        other        circumstances. As a result, the identification and interpretation of data        and        other information and their use in developing and selecting assumptions from        and        among reasonable alternatives require the exercise of judgment. To the extent        that the assumed events do not occur, the outcome may vary substantially        from        anticipated or projected results, and, accordingly, no opinion is expressed        on        the achievability of those forward-looking statements. No assurance can be        given        that any of the assumptions relating to the forward-looking statements specified        in the following information are accurate, and we assume no obligation to        update        any such forward-looking statements*.**

**Overview**

**Our        Business**

**Results        of Operations For Period Ending July 31,2007**

**Tesoro  Claims        in Chile**

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| **REFERENCES** | **ROLL                  NUMBER** |
|----------------|----------------------------------|
| 139            | TESORO                  1        | 1                  -                  30 | 03304-0532-5 |
| 140            | TESORO                  2        | 1                  -                  12 | 03304-0532-3 |
| 141            | TESORO                  3        | 1                  -                  30 | 03304-0534-1 |
| 142            | TESORO                  4        | 1                  -                  30 | 03304-0535-K |
| 143            | TESORO                  5        | 1                  -                  25 | 03304-0536-8 |
| 144            | TESORO                  6        | 1                  -                  20 | 03304-0537-6 |
| 145            | TESORO                  7        | 1                  -                  25 | 03304-0538-4 |
| 146            | TESORO                  8        | 1                  -                  12 | 03304-0539-2 |
| 147            | TESORO                  9        | 1                  -                  12 | 03304-0540-6 |
| 148            | TESORO                  10       | 1                  -                  20 | 03304-0541-4 |
| 149            | TESORO                  11       | 1                  -                  20 | 03304-0542-2 |
| 150            | TESORO                  12       | 1                  -                  5 | 03304-0543-0 |

| 1.   | Under                  the terms of the signed Agreement, the Vendors are to grant to                  the Issuer                  the sole and exclusive irrevocable right and title to the Claims,                  subject                  to: |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i)   | the                  completion by the Company of confirmation of legal title  and                  due diligence on the Properties as to ownership by the Vendor and                  results                  therefrom being satisfactory to the Company, acting reasonably,                  within a                  period of  90 days; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | the                  right to extend a further 90 days by mutual consent.  (The right                  to extend a further 90 days has been granted to the Company, in                  an effort                  to complete its due diligence); |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | The                  Vendor and the Company shall put forth, all their reasonable best                  efforts                  to obtain a satisfactory title opinion or Court Order, or such                  that the                  Company will acquire the property free and clear of all liens and                  encumbrances, with a view to further develop the property into                  an                  operating mine. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | issue                  to the Vendor Twenty Million (20,000,000) restricted Common Shares                  , upon                  the execution by the parties of this Agreement and subject to the                  subject                  conditions as set out above; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | that                  all original documents or notarized copies of official translations                  are                  therefore required to complete the transactions contemplated in                  the                  Agreement.  The issuance of the Twenty Million (20,000,000)                  restricted Common Shares shall be issued in the Vendors designated                  name to                  the benefit of the Vendor, upon the removal of the subject conditions                  as                  set out above. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Net        Loss**

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**Liquidity        and Further Capital Resources**

**Item        3.                      Control        and Procedures**

**PART        II - OTHER INFORMATION**

**Item        1.  Legal Proceedings**

**Item        2.  Unregistered Sales of Equity Securities and Use of        Proceeds.**

**Item        3.  Defaults Upon Senior Securities**

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

**Item        5.  Other Information**

**Reports        on Form 8-K**

**Item        6. Exhibits**

**, **

**SIGNATURES**

*/s/         Michael DeRosa                *