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 endedJuly 31, 2006.  [
        ]
        Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934  For the transition period
        to  Commission File Number
        0-29431   INFINEX VENTURES, INC. (Exact name of small Business Issuer as specified in its charter)   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)   Issuers telephone number, including area code:
        702-387-4005    (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     [ X ]  Yes    [   ] No  State the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date: 25,333,631 Shares of $0.001 par value Common Stock outstanding as of  September 15, 2006.     TABLE OF CONTENTS

Part  I  FINANCIAL INFORMATION


Item 1.
        Financial Statements:Balance Sheets
        5Interim Statements of Operations
        6Interim Statements of Cash Flows
        7Notes to Interim Financial Statements
        8Item 2.
        Managements Discussion and Analysis or Plan of Operations
        13Item 3.
        Control and Procedures
        15Part II  OTHER INFORMATION


Item 1.
        Legal Proceedings
         15Item 2.
         Changes in Securities
         15Item 3.
         Defaults Upon Senior Securities
        15Item 4.
         Submission
of Matters to a Vote of Security Holders
         15Item 5.
        Other Information
         15Item 6.
         Exhibits and Reports on Form 8-K.
         16SIGNATURES
        16



Forward Looking Statements. -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.



THE REMAINDER OF THIS PAGE IS LEFT BLANK INTENTIONALLY











INFINEX VENTURES, INC.

(An Exploration Stage Company)



FINANCIAL STATEMENTS



JULY 31, 2006

Unaudited

(Stated in U.S. Dollars)









INFINEX VENTURES, INC.

(An Exploration Stage Company)



BALANCE SHEETS

(Unaudited)

(Stated in U.S. Dollars)






JULY 31, 2006
        
        OCTOBER 31, 2005ASSETSCurrentCash in bank
        $
        -
        $
        805Prepaid expenses
        
        15,107
        
        620$
        15,107
        $
        1,425LIABILITIESCurrentBank indebtedness
        $
        102
        $
        -Accounts payable and accrued liabilities
        
        118,154
        
        108,349Loans payable (Notes 3 and 5)
        
        274,294
        
        274,294Due to related party (Note 5)
        
        43,767
        
        7,214436,317
        
        389,857STOCKHOLDERS DEFICIENCYShare CapitalAuthorized:225,000,000 common shares, par value $0.001 per shareIssued and outstanding:25,313,631 common shares at July 31, 2006 and 19,313,631 at October 31, 2005
        
        25,314
        
        19,314Additional paid-in capital
        
        5,480,039
        
        386,039Deficit Accumulated During The Exploration Stage
        
        (5,926,563)
        
        (793,785)(421,210)
        
        (388,432)$
        15,107
        $
        1,425See accompanying notes to the financial statements




INFINEX VENTURES, INC.

(An Exploration Stage Company)



INTERIM STATEMENTS OF LOSS AND DEFICIT

(Unaudited)

(Stated in U.S. Dollars)






INCEPTIONDECEMBER 30THREE MONTHS ENDED
        NINE MONTHS ENDED
        1998 TOJULY 31
        JULY 31
        JULY 312006
        2005
        2006
        2005
        2006ExpensesBank charges
        $
        125
        $
        47
        $
        275
        $
        87
        $
        971Consulting
        
        -
        
        -
        
        -
        
        -
        
        6,500Interest
        
        1,556
        
        1,234
        
        4,178
        
        3,662
        
        25,391License fee
        
        -
        
        -
        
        -
        
        -
        
        400,000Office facilities and sundry
        
        6,542
        
        950
        
        12,799
        
        7,438
        
        51,370Mineral property option payments and exploration expenditures
        
        5,100,000
        
        -
        
        5,100,000
        
        -
        
        5,229,750Professional fees
        
        3,675
        
        (2,514)
        
        15,526
        
        11,328
        
        176,828Net Income (Loss) For The Period
        $
        (5,111,898)
        $
        283
        $
        (5,132,778)
        $
        (22,515)
        $
        (5,890,810)Basic And Diluted Loss Per Share
        $
        (0.26)
        $
        (0.01)
        $
        (0.26)
        $
        (0.01)Weighted Average Number Of Shares Outstanding
        
        19,770,153
        
        19,313,631
        
        19,467,477
        
        19,313,631See accompanying notes to the financial statements







INFINEX VENTURES, INC.

(An Exploration Stage Company)



INTERIM STATEMENTS OF CASH FLOWS

(Unaudited)

(Stated in U.S. Dollars)




INCEPTIONDECEMBER 30THREE MONTHS ENDED
        NINE MONTHS ENDED
        1998 TOJULY 31
        JULY 31
        JULY 312006
        2005
        2006
        2005
        2006Cash Flows From Operating ActivitiesNet loss for the period
        $
        (5,111,898)
        $
        283
        $
        (5,132,778)
        $
        (22,515)
        $
        (5,890,810)Adjustments To Reconcile Net Loss To Net Cash Used By Operating ActivitiesStock issued for license fee
        
        -
        
        -
        
        -
        
        -
        
        402,750Change in prepaid expense
        
        (14,487)
        
        -
        
        (14,487)
        
        -
        
        (15,107)Mineral property option payment
        
        5,100,000
        
        
        
        5,100,000
        
        
        
        5,100,000Change in accounts payable and accrued liabilities
        
        248
        
        (2,038)
        
        9,805
        
        1,905
        
        118,154(26,137)
        
        (1,755)
        
        (37,460)
        
        (20,610)
        
        (285,013)Cash Flows From Investing ActivityShares issued for merged   predecessor corporation net of consideration in excess of additional paid-in capital at the acquisition date
        
        -
        
        -
        
        -
        
        -
        
        (45,000)Cash Flows From Financing ActivitiesShares issued for cash and services
        
        -
        
        -
        
        -
        
        -
        
        11,850Loans payable (Note 3 and 5)
        
        -
        
        -
        
        -
        
        14,904
        
        274,294Due to related party (Note 5)
        
        25,893
        
        1,750
        
        36,553
        
        4,209
        
        43,76725,893
        
        1,750
        
        36,553
        
        19,113
        
        329,911Increase (Decrease) In Cash
        
        (244)
        
        (5)
        
        (907)
        
        (1,497)
        
        (102)Cash, Beginning Of Period
        
        142
        
        608
        
        805
        
        2,100
        
        -Cash, End Of Period
        $
        (102)
        $
        603
        $
        (102)
        $
        603
        $
        (102)Supplemental Disclosure Of Non-Cash Financing And Investing ActivitiesCommon shares issued pursuant to acquisition agreement
        $
        -
        $
        -
        $
        -
        $
        -
        $
        1,000letter of intent
        $
        5,100,000
        $
        -
        $
        5,100,000
        $
        -
        $
        5,100,000Interest Paid
        $
        -
        $
        -
        $
        -
        $
        -
        $
        -Income Taxes Paid
        $
        -
        $
        -
        $
        -
        $
        -
        $
        -See accompanying notes to the financial statements





INFINEX VENTURES, INC.

(An Exploration Stage Company)



NOTES TO INTERIM FINANCIAL STATEMENTS



JULY 31, 2006

(Unaudited)

(Stated in U.S. Dollars)






1.
        NATURE OF OPERATIONS AND BASIS OF PRESENTATION


a)
        Organization

Infinex Ventures, Inc. (the Company) was incorporated in the State of Nevada, U.S.A., on December 30, 1998. On July 23, 2004, the Board of Directors authorized a 1 for 1.1 stock split on the common shares. The authorized number of common shares remain at 75,000,000 common shares with a par value of $0.001. All references in the accompanying financial statements to the number of common shares issued have been restated to reflect the stock split. On March 31, 2006, the Board of Directors authorized a 3 for 1 stock split on the common shares. The authorized number of common shares increased to  225,000,000 common shares with a par value of $0.001. All references in the accompanying financial statements to the number of common shares issued have been restated to reflect the stock split.






b)
        Exploration Stage Activities

The Company is in the exploration stage, therefore, recovery of its assets is dependent upon future events, the outcome of which is indeterminable. In addition, successful completion of the Companys exploration program and its transition, ultimately to the attainment of profitable operations, is dependent upon obtaining adequate financing to fulfil its exploration activities and achieve a level of sales adequate to support its cost structure.




c)
        Unaudited Interim Financial Statements

The Accompanying unaudited interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB of Regulation S-B. They may not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the year ended October 31, 2005 included in the Companys Annual Report on Form 10-KSB filed with the Securities and Exchange Commission. The interim unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-KSB. In the opinion of management, all adjustments considered necessary for a fair
presentation, consisting solely of normal and recurring adjustments have been made. Operating results for the nine months ended July 31, 2006 are not necessarily indicative of the results that may be expected for the year ending October 31, 2006.





INFINEX VENTURES, INC.

(An Exploration Stage Company)



NOTES TO INTERIM FINANCIAL STATEMENTS



JULY 31, 2006

(Unaudited)

(Stated in U.S. Dollars)






1.
        NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Continued)


d)
        Basis of Presentation

These financial statements have been presented in United States dollars and prepared in accordance with United States Generally Accepted Accounting Principles (US GAAP).




e)
        Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.



As shown in the accompanying financial statements, the Company has a working capital deficiency of $421,210 and an accumulated a deficit of $5,926,563 for the period from inception, December 30, 1998 to July 31, 2006, and has no revenue. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its business. Management has plans to seek additional capital through a private placement and public offering of its common shares. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.






2.
        SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgement. Actual results could differ from these estimates.



The financial statements have, in managements opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:




a)
        Development Stage Company

The Company is a development stage company as defined in the Statements of Financial Accounting Standards No. 7. The Company is devoting substantially all of its present efforts to establish a new business and none of its planned principal operations have commenced. All losses accumulated since inception are considered part of the Companys development stage activities.





INFINEX VENTURES, INC.

(An Exploration Stage Company)



NOTES TO INTERIM FINANCIAL STATEMENTS



JULY 31, 2006

(Unaudited)

(Stated in U.S. Dollars)






2.
        SIGNIFICANT ACCOUNTING POLICIES (Continued)


b)
        Website Content

The company expenses, as incurred, costs to develop, initialize, populate, and maintain content for its website.






3.
        LOANS PAYABLE (Note 5)


JULY 31, 2006
        OCTOBER 31, 2005Repayable on demand with interest at 8% per annum compounded annually
        $
        45,000
        $
        45,000Repayable on demand without interest
        
        229,294
        
        229,294$
        274,294
        $
        274,294

At July 31, 2006, accounts payable and accrued liabilities include $25,048 (October 31, 2005 - $21,093) of accrued interest on the loans payable.




4.
        MINERAL PROPERTY INTEREST


a)
        Yew Claims

On June 14, 2004, the Company entered into an agreement with 697446 B.C. Ltd. (the Agreement) providing for the exploration and development of the following mineral properties:






Yew
        Tenure Number 399712Yew 2
        Tenure Number 516724Yew 3
        Tenure Number 399714Yew 4
        Tenure Number 399715Yew 5
        Tenure Number 516721Yew 6
        Tenure Number 516735Yew 7
        Tenure Number 345340Yew 8
        Tenure Number 516730

The Yew Claims are located on Texada Island, in the province of British Columbia, Canada.





INFINEX VENTURES, INC.

(An Exploration Stage Company)



NOTES TO INTERIM FINANCIAL STATEMENTS



JULY 31, 2006

(Unaudited)

(Stated in U.S. Dollars)






4.
        MINERAL PROPERTY INTEREST (Continued)

The agreement gives the Company the right to acquire a 60% interest in the claims providing the following conditions are met:




i)
        Delivery of 10,000 common shares of the Company upon execution of the agreement (the share issuance was postponed until the drilling program resumes in Fall 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;


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 execute annual payments of $41,051 (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.

On October 31, 2004, and in the Summer of 2006, the parties amended the agreement. The Company is now required to complete the drilling program obligation before November 28, 2006. To date, the Company has spent $118,300 (CDN$155,774) towards this obligation, as follows:




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



INFINEX VENTURES, INC.

(An Exploration Stage Company)



NOTES TO INTERIM FINANCIAL STATEMENTS



JULY 31, 2006

(Unaudited)

(Stated in U.S. Dollars)






4.
        MINERAL PROPERTY INTEREST (Continued)

The Company has signed a Letter of Intent (LOI) for the sole and exclusive right to acquire an initial 50% interest in the Tesoro 1-12 Mining Claims (the Property). The Property is located on the El Indio Gold Belt in Region III, which is approximately 150 kms. East of the City of Vallenar, Chile, near the border of Argentina.

On July 19, 2006 the Company completed its due diligence and issued 6,000,000 restricted shares as partial payment 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.




5.
        RELATED PARTY TRANSACTIONS

As at October 31, 2003, loans payable of $102,011 and related accrued interest of $11,652 were owing to the then-president of the Company. Effective August 11, 2004, the then-outstanding balance of loans payable, amounting to $102,011 and related accrued interest of $15,054 was assigned by the former president to a third party corporation. The only director of that corporation is also a director of 697446 B.C. Ltd. (Note 4(a)). During the nine months ended July 31, 2006, the third party corporation expended $NIL (October 2005 - $14,904) on behalf of the Company. Amounts expended on behalf of the Company are added to loans payable.



During the nine months ended July 31, 2006, the President of the Company advanced $43,767 (October 2005 - $7,214), these advances are unsecured, non interest bearing and with no specific terms of repayment.







Item 2. Management Discussion and Analysis or Plan of Operation



The following plan of operation should be read in conjunction with the Financial Statements and accompanying notes and the other financial information appearing elsewhere in this quarterly report.



From inception, December 30, 1998 to July 31, 2006, we had a deficit accumulating during the development stage of $5,926,563. From inception December 31, 1998, we had expended $176,828 on legal, audit and accounting fees; $25,391 on interest; $5,229,750 on resource property expenses; $6,500 on consulting fees; $400,000 on license fees and $52,341 on office expenses.



We are a development stage company and have a minimum amount of cash and have not yet developed any producing mines. We have no history of any earnings. There is no assurance that we will be a profitable company. We presently operate with minimum overheads and need to raise additional capital in the next 12 months in the forms of investment by others in private placements, or loans.



Our primary activity for the next 12 months, weather permitting, will be to carry out our obligations under the agreements drill program, which are only initial phases of a full feasibility study lasting up to two years.



We currently have no plans to purchase or sell any plant or significant equipment.



We do not expect any significant changes in the number of employees.



Results of Operations For Period Ending July 31, 2006



We have not earned any revenues from operations from our incorporation on December 30, 1998, to July 31, 2006. Our activities have been financed from proceeds of share subscriptions and loans. We do not anticipate earning revenues until such time as we have entered into the commercial production of our Yew Claims. We are presently in the exploration stage of our joint venture and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our Yew Claims.



Tesoro  Claims in Chile  - Update on Due diligence



On January 30, 2006, we entered into an agreement (Agreement), with Rodolfo Francisco Villar and others (Vendor) to purchase a 50% interest in the mining and exploration of the following Claims, the (Claims):




REFERENCES
        ROLL NUMBER139
        TESORO 1
        1 - 30
        03304-0532-5140
        TESORO 2
        1 - 12
        03304-0532-3141
        TESORO 3
        1 - 30
        03304-0534-1142
        TESORO 4
        1 - 30
        03304-0535-K143
        TESORO 5
        1 - 25
        03304-0536-8144
        TESORO 6
        1 - 20
        03304-0537-6145
        TESORO 7
        1 - 25
        03304-0538-4146
        TESORO 8
        1 - 12
        03304-0539-2147
        TESORO 9
        1 - 12
        03304-0540-6148
        TESORO 10
        1 - 20
        03304-0541-4149
        TESORO 11
        1 - 20
        03304-0542-2150
        TESORO 12
        1 - 5
        03304-0543-0





1.
        Under the terms of the Agreement, the Vendor will grant to the Company 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. (As at the date of this quarter report, 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.2.
        Upon satisfactory completion of the due diligence the Company has issued 6,000,000 (Six Million) Common Shares to Mr. Jorge Lopehandia as a good faith deposit.3.
        The Issuers are still awaiting the outcome of Civil Case C-1912-2001, for which we have been informed is under appeal in the 14thCivil Court of Santiago, Chile.



Net Loss



For the three months ended July 31, 2006, we recorded an operating loss of $5,111,898, consisting of $3,675 on legal, audit and accounting fees; $1,556 on interest, $5,100,000 on resource property expenses and $6,667 on office expenses. We did not generate any revenues during this period. There can be no assurance that we will ever achieve profitability or that revenues will be generated and sustained in the future. We are dependent upon obtaining additional and future financing to pursue our exploration activities.



Liquidity and Further Capital Resources



At July 31 2006, we had assets of $15,107 consisting of  $15,107 of prepaid expenses. Net stockholders equity (deficiency) was  $(421,210 ) at July 31, 2006. We are an exploration stage company and, since inception, have experienced significant changes in liquidity, capital resources and shareholders equity.



Management has relied upon debt financing from shareholders and other loans. At July 31, 2006 loans payable included a loan repayable on demand with interest at 8% per annum compounded annually of $45,000 and additional loans repayable on demand without interest of $229,294 totaling $274,294. Accounts payable and accrued liabilities include $25,048 (2005 $21,093) of accrued interest on the loans payable. We seek additional equity or debt financing of up to $1,000,000 which we plan to use towards exploration and possibly a feasibility study on our joint venture agreement property over the next two years. If we are not able to get further financing, we may not be able to continue as a going concern and we may have to delay exploration or cease our operations and liquidate our business.







Item 3.
        Control and Procedures

(a) Evaluation of Disclosure Controls and Procedures. The Companys chief executive officer and chief financial officer have evaluated the effectiveness of the design and operation of the Companys disclosure controls and  procedures (as defined in Exchange Act Rule 13a-15(e)) as of the end of the period covered by this quarterly  report. Based on that evaluation, the chief executive officer and chief financial officer have concluded that the Companys disclosures and procedures are effective. Also, based on that evaluation, the chief executive officer and chief financial officer have concluded that the Companys disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within
the time periods specified in the Securities and Exchange Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the Companys management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.



(b) Changes in Internal Controls. There have been no changes in the Companys internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or Rule 15d-15 of the Securities Exchange Act of 1934 that occurred during the Companys quarter ended July 31, 2006 for which this report is filed that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting.



PART II - OTHER INFORMATION



Item 1. Legal Proceedings



We are not aware of any pending litigation nor do we have any reason to believe that any such litigation exists.



Item 2. Change in Securities

The Company has issued 6,000,000 (Six Million) Common Shares to Mr. Jorge Lopehandia as a good faith deposit.



Item 3. Defaults Upon Senior Securities



None.



Item 4. Submission of Matters to Vote of Security Holders



No matters were submitted to a vote of the Companys shareholders during the period covered by this report, through the solicitation of proxies or otherwise.





Item 5. Other Information



Reports on Form 8-K

Reports on Form 8K regarding Item 9 were filed by the Issuer on June 19, 2006; July 20, 2006; August 8, 2006 and August 17, 2006.



Item 6. Exhibits




31.1
        Certification of Chief Executive Officer pursuant to Section 302 of theSarbanes-Oxley Act of 2002.


32.1
        Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18U.S.C. section 1350,as adopted pursuant to section 906 of the

Sarbanes-Oxley act of 2002



SIGNATURES



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




Dated:
        September 18, 2006
        INFINEX VENTURES INC.




By:
        /s/  Michael DeRosaMichael DeRosaIts: President, Director, CEO & CFO