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**UNITED STATESSECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

FORM 10-QSB

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

For the six month period ended April 30, 2004.

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

For the transition period ___________ to ___________

Commission File Number 0-29431

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

|Nevada                                          |  | 52-2151795                       
|----------------------------------------------- |  | ---------------------------------
|(State or other jurisdiction of                 |  | (IRS Employer Identification No.)
|incorporation or organization)                  |  |                                  
|                                                |  |                                  
|Box 18, 323-595 Howe Street Vancouver,          |  |                                  
|British Columbia, Canada                        |  | V6C 2T5                          
|(Address of principal executive offices)        |  | (Postal or Zip Code)             
|                                                |  |                                  
|Issuer's telephone number, including area code: |  | 604-682-8468                     

____________________________________________________________________
  
  (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: 5,853,500 Shares
  of $0.001 par value Common Stock outstanding as of April 30, 2004.

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PART 1  FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying unaudited financial statements have been
  prepared in accordance with the instructions to Form 10-QSB and Item 310 (b)
  of Regulation S-B, and, therefore, do not include all information and footnotes
  necessary for a complete presentation of financial position, results of operations,
  cash flows, and stockholders' equity in conformity with generally accepted accounting
  principles. In the opinion of management, all adjustments considered necessary
  for a fair presentation of the results of operations and financial position
  have been included and all such adjustments are of a normal recurring nature.
  Operating results for the six months ended April 30, 2004 are not necessarily
  indicative of the results that can be expected for the year ending October 31,
  2004.

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INFINEX VENTURES, INC.(A Development Stage Company)

FINANCIAL STATEMENTS

APRIL 30, 2004(Unaudited) 
  (Stated in U.S. Dollars)



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INFINEX VENTURES, INC.(A Development Stage Company)

BALANCE SHEET(Unaudited)(Stated in U.S. Dollars)

|                                                            |   | APRIL 30 |   |   | OCTOBER 31 |  
|----------------------------------------------------------- | - | -------- | - | - | ---------- | -
|                                                            |   | 2004     |   |   | 2003       |  
|                                                            |   |          |   |   |            |  
|ASSETS                                                      |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Current                                                     |   |          |   |   |            |  
|Cash                                                        | $ | 183      |   | $ | 3,811      |  
|                                                            |   |          |   |   |            |  
|LIABILITIES                                                 |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Current                                                     |   |          |   |   |            |  
|Accounts payable and accrued liabilities                    | $ | 28,662   |   | $ | 25,228     |  
|Loans payable (Note 6)                                      |   | 102,011  |   |   | 102,011    |  
|                                                            |   | 130,673  |   |   | 127,239    |  
|                                                            |   |          |   |   |            |  
|SHAREHOLDERS' DEFICIENCY                                    |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Share Capital                                               |   |          |   |   |            |  
|Authorized:                                                 |   |          |   |   |            |  
|75,000,000
      common shares, par value $0.001 per share  |   |          |   |   |            |  
|                                                            |   |          |   |   |            |  
|Issued and outstanding:                                     |   |          |   |   |            |  
|5,853,500
      common shares at April 30, 2004 and October |   |          |   |   |            |  
|31, 2003                                                    |   | 5,853    |   |   | 5,853      |  
|                                                            |   |          |   |   |            |  
|Additional paid-in capital                                  |   | 399,500  |   |   | 399,500    |  
|                                                            |   |          |   |   |            |  
|Deficit Accumulated During The Development Stage            |   | (535,843 | ) |   | (528,781   | )
|                                                            |   | (130,490 | ) |   | (123,428   | )
|                                                            |   |          |   |   |            |  
|                                                            | $ | 183      |   | $ | 3,811      |  

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INFINEX VENTURES, INC.(A Development Stage Company)

STATEMENT OF LOSS AND DEFICIT(Unaudited)(Stated in U.S. Dollars)

|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   | INCEPTION   | 
|---------------------------- | - | ------------------ | - | - | ---------------- | - | - | --------- | - | - | --------- | - | - | ----------- | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   | DECEMBER 30 | 
|                             |   | THREE MONTHS ENDED |   |   | SIX MONTHS ENDED |   |   | 1998 TO   |  
|                             |   | APRIL 30           |   |   | APRIL 30         |   |   | APRIL 30  |  
|                             |   | 2004               |   |   | 2003             |   |   | 2004      |   |   | 2003      |   |   | 2004        | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Expenses                     |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Bank charges                 | $ | 20                 |   | $ | 31               |   | $ | 46        |   | $ | 86        |   | $ | 576         | 
|Consulting                   |   | -                  |   |   | 1,000            |   |   | 1,000     |   |   | 2,000     |   |   | 6,500       | 
|Interest                     |   | 1,118              |   |   | 1,024            |   |   | 2,259     |   |   | 2,076     |   |   | 13,911      | 
|License fee (Note 4)         |   | -                  |   |   | -                |   |   | -         |   |   | -         |   |   | 400,000     | 
|Office facilities and sundry |   | 814                |   |   | 1,210            |   |   | 1,472     |   |   | 6,607     |   |   | 18,535      | 
|Mineral property option      |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|payments and exploration     |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|expenditures                 |   | -                  |   |   | -                |   |   | -         |   |   | -         |   |   | 11,450      | 
|Professional fees            |   | 1,570              |   |   | 770              |   |   | 2,285     |   |   | 1,858     |   |   | 49,118      | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Net Loss For The Period      |   | 3,522              |   |   | 4,035            |   |   | 7,062     |   |   | 12,627    |   |   | 500,090     | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Deficit Accumulated During   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|The Development Stage,       |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Beginning Of Period          |   | 532,321            |   |   | 111,599          |   |   | 528,781   |   |   | 103,007   |   |   | -           | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Excess Of Consideration Paid |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|For Dollar Maker, Inc. In    |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Excess Of Additional Paid In |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Capital At The Date Of The   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Transaction                  |   |                    |   |   |                  |   |   |           |   |   |           |   |   | 35,753      | 
|                             |   | -                  |   |   | -                |   |   | -         |   |   | -         |   |   |             | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Deficit Accumulated During   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|The Development Stage, End   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Of Period                    | $ | 535,843            |   | $ | 115,634          |   | $ | 535,843   |   | $ | 115,634   |   | $ | 535,843     | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Basic And Diluted Loss Per   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Share                        | $ | (0.01              | ) | $ | (0.01            | ) | $ | (0.01     | ) | $ | (0.01     | ) |   |             | 
|                             |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Weighted Average Number Of   |   |                    |   |   |                  |   |   |           |   |   |           |   |   |             | 
|Shares Outstanding           |   | 5,853,500          |   |   | 5,353,500        |   |   | 5,853,500 |   |   | 5,353,500 |   |   |             | 

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INFINEX VENTURES, INC.(A Development Stage Company)

STATEMENT OF CASH FLOWS(Unaudited)(Stated in U.S. Dollars)

|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   | INCEPTION   |  
|------------------------------------- | - | ------------------ | - | - | ---------------- | - | - | -------- | - | - | ------- | - | - | ----------- | -
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   | DECEMBER 30 |  
|                                      |   | THREE MONTHS ENDED |   |   | SIX MONTHS ENDED |   |   | 1998 TO  |  
|                                      |   | APRIL 30           |   |   | APRIL 30         |   |   | APRIL 30 |  
|                                      |   | 2004               |   |   | 2003             |   |   | 2004     |   |   | 2003    |   |   | 2004        |  
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Cash Flows From Operating Activities  |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Net loss for the period               | $ | (3,522             | ) | $ | (4,035           | ) | $ | (7,062   | ) | $ | (12,627 | ) | $ | (500,090    | )
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Adjustments To Reconcile Net Loss To  |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Net Cash Used By Operating Activities |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Stock issued for other than cash      |   | -                  |   |   | -                |   |   | -        |   |   | -       |   |   | 402,750     |  
|Change in accounts payable            |   | 3,001              |   |   | (2,217           | ) |   | 3,434    |   |   | 1,354   |   |   | 28,662      |  
|                                      |   | (521               | ) |   | (6,252           | ) |   | (3,628   | ) |   | (11,273 | ) |   | (68,678     | )
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Cash Flows From Investing Activity    |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Investment in Dollar Maker, Inc.      |   | -                  |   |   | -                |   |   | -        |   |   | -       |   |   | (45,000     | )
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Cash Flows From Financing Activities  |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Share capital issued                  |   | -                  |   |   | -                |   |   | -        |   |   | -       |   |   | 11,850      |  
|Loans payable                         |   | -                  |   |   | 5,049            |   |   | -        |   |   | 9,565   |   |   | 102,011     |  
|                                      |   | -                  |   |   | 5,049            |   |   | -        |   |   | 9,565   |   |   | 113,861     |  
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Increase (Decrease) In Cash           |   | (521               | ) |   | (1,203           | ) |   | (3,628   | ) |   | (1,708  | ) |   | 183         |  
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Cash, Beginning Of Period             |   | 704                |   |   | 1,517            |   |   | 3,811    |   |   | 2,022   |   |   | -           |  
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Cash, End Of Period                   | $ | 183                |   | $ | 314              |   | $ | 183      |   | $ | 314     |   | $ | 183         |  
|                                      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Supplemental Disclosure Of Non-Cash   |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Financing And Investing Activities    |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|Common shares issued pursuant to      |   |                    |   |   |                  |   |   |          |   |   |         |   |   |             |  
|acquisition agreement                 | $ | -                  |   | $ | -                |   | $ | -        |   | $ | -       |   | $ | 1,000       |  

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INFINEX VENTURES, INC.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2004(Unaudited)(Stated in U.S. Dollars)

|1. | BASIS OF PRESENTATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | The unaudited financial statements as
        of April 30, 2004 included herein have been prepared without audit pursuant
        to the rules and regulations of the Securities and Exchange Commission.
        Certain information and footnote disclosures normally included in financial
        statements prepared in accordance with United States generally accepted
        principles have been condensed or omitted pursuant to such rules and regulations.
        In the opinion of management, all adjustments (consisting of normal recurring
        accruals) considered necessary for a fair presentation have been included.
        It is suggested that these financial statements be read in conjunction
        with the October 31, 2003 audited financial statements and notes thereto.
|  
|2. | NATURE OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|  
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

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INFINEX VENTURES, INC.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2004(Unaudited)(Stated in U.S. Dollars)

|3. | 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.
|  
|   | 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)                                                                                                                                                                                                                                                                                                                                                                                                                                          
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                          
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                          
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | d)                                                                                                                                                                                                                                                                                                                                                                                                                                          
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                             

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INFINEX VENTURES, INC.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2004(Unaudited)(Stated in U.S. Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   | f)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|   | g)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|4. | LICENSE AGREEMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | During the year ended October 31, 2003,
        the Company entered into a License Agreement with Santa Clara 2000 SRL,
        an Italian corporation, to acquire the exclusive patent rights to the
        nanotechnology concept, known as tunnelling magnetoresistance, in consideration
        of the issuance of 500,000 common shares (issued), and the agreement to
        pay a royalty in the amount of 10% of the net revenue derived from the
        use of the patent rights.

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INFINEX VENTURES, INC.(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

APRIL 30, 2004(Unaudited)(Stated in U.S. Dollars)

|4. | LICENSE AGREEMENT(Continued)                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | Since the future cash flows from the licensed patent
        rights cannot be determined at the date of acquisition, the cost has been
        charged to operations.                                                                                                                                                                                                                                                                            
|  
|5. | MINERAL PROPERTY INTEREST                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|   | The Company had entered into an option agreement,
        as amended, to acquire a 100% interest, subject to a 2% net smelter royalty,
        in the Gossan 1 to 9 mining claims located in Blaine County, Idaho, for
        consideration consisting of staged cash payments totalling $200,000 ($5,000
        paid), issuance of 250,000 common shares (issued), and exploration expenditures
        totalling $100,000 by August 30, 2006.
|  
|   | During the period, the Company made a decision to
        terminate its participation under the option agreement.                                                                                                                                                                                                                                                                                                                                
|  
|6. | LOANS PAYABLE                                                                                                                                                                                                                                                                                                                                                                                                                                    

| |                                                   |   | APRIL 30 |  |   | OCTOBER 31 | 
| | ------------------------------------------------- | - | -------- |  | - | ---------- | 
| |                                                   |   | 2004     |  |   | 2003       | 
| |                                                   |   |          |  |   |            | 
| | Repayable on demand with interest at 8% per annum | $ | 45,000   |  | $ | 45,000     | 
| | Repayable on demand without interest              |   | 57,011   |  |   | 57,011     | 
| |                                                   |   |          |  |   |            | 
| |                                                   | $ | 102,011  |  | $ | 102,011    | 

|   | At April 30, 2004, accounts payable and
        accrued liabilities include $13,911 (2003 - $9,536) of accrued interest
        on the loans payable.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------
|  
|7. | RELATED PARTY TRANSACTIONS                                                                                                                           
|  
|   | a)                                                                                                                                                   
|  
|   | b)                                                                                                                                                   

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Item 2. Plan of Operation

The Company was organized as a Nevada corporation on December
  30, 1998 for the purpose of acquiring and exploring mineral properties. In 2002,
  the Company decided to not pursue its business plan relating to its interest
  in the Long Canyon property until the necessary funding to implement the plan
  is secured.

Pursuant to an Asset Purchase Agreement dated August 20, 2002
  that the Company entered into with Nano World Projects Corporation ("Nano World"),
  a Delaware corporation, the Company agreed to acquire from Nano World a series
  of patents and related assets and rights relating to Nano World's dynamic thin
  laminar flow process. The Company agreed also to acquire a 45% interest in Nano
  World's Italian subsidiary, Nano World Projects Europe S.P.A. In consideration
  of these assets, the Company had agreed to issue to Nano World 2,200,000 shares
  of restricted common stock in its capital. As well, Nano World was to retain
  a royalty equal to 3% of the gross revenues that the Company was to earn through
  the use of the patents.

The Company has decided not to complete the acquisition of
  these assets and the series of relating patents from Nano World Projects Corporation.
  The Company has also decided not to proceed with the acquisition of the 45%
  of Nano World's Italian subsidiary.

Pursuant to an Exclusive License Agreement entered into on
  May 8, 2003 with Santa Carla 2000 SRL, an Italian corporation, the Company has
  agreed to purchase100% title and interest to a License of the world wide rights
  associated to a Nano Technology Italian Patent number AL2003A00000Z. This Patent
  relates to Tunnelling Magnetoresistance Structure and the Method of its Production.
  Pursuant to the terms of the License Agreement the Company has agreed to further
  develop the Patent Rights for commercial applications.

In consideration of the transfer of these rights the Company
  has issued, to Santa Carla 2000 SRL, 500,000 restricted shares in its capital
  stock. As well, the Company will pay 10% of any future Net Revenues that may
  be derived from sales resulting from the license of the Patent.

As of April 30, 2004, the Company had total assets of $183
  consisting of cash on hand and total liabilities of $130,673 consisting of $28,662
  in accounts payables and $102,011in loans payables.

For the period commencing December 30, 1998 (date of inception)
  to April 30, 2004, the Company has incurred a net loss of $535,843, and has
  generated no revenues. The future of the Company is dependent upon its ability
  to obtain financing and upon future profitable operations from the development
  of its business.

Subsequent to April 30, 2004 the Company has accepted the
  resignation of Mario Aiello from the positions of Director, Chief Executive
  Officer and Chief Financial Officer, Anathasios Raptis from the position of
  Director and Gregory Yanke from the position of Secretary.

In conjunction with these resignations Mr. Michael De Rosa
  was appointed as Director, President and Treasurer, Mr. Bernard Van Der Stichele
  was appointed as Director and Secretary and Mr. Kenneth J. Forbes was appointed
  as Director of the Company.

Subsequent to April 30, 2004 the Company has executed a Joint
  Venture and Option Agreement with 697446 B.C. Ltd. (the "Agreement") providing
  for the exploration and development of following mineral properties:

---

| |    |       |                      | 
| | -- | ----- | -------------------- | 
| | 1. | Yew   | Tenure Number 399712 | 
| | 2. | Yew 2 | Tenure Number 399713 | 
| | 3. | Yew 3 | Tenure Number 399714 | 
| | 4. | Yew 4 | Tenure Number 399715 | 
| | 5. | Yew 5 | Tenure Number 399716 | 
| | 6. | Yew 6 | Tenure Number 399717 | 
| | 7. | Yew 8 | Tenure Number 399718 | 

The Yew Claims are located on Texada Island, B.C. This region
  has a long history of mining dating back to 1876. Several high grade copper
  gold skarns were mined in the area.

MINE FILE 092F/516 describes the claims as follows:

"The area is dominated by Upper Triassic Karmutsen Formation
  (Vancouver Group) volcanic rocks consisting of typically fine-grained and/or
  feldspar phyric basalts and amygdaloidal basalts with minor intercalated limestone
  beds. At the Yew occurrence, stratigraphy is comprised of three rock units of
  the Karmutsen Formation. A lower, thick series of green-grey basalt flows that
  texturally change from amygdaloidal and non- amygdaloidal sequences, is overlain
  by a thin, white-grey fine-grained limestone that rapidly thins and thickens
  over short distances. Overlying the limestone is an amygdaloidal basalt breccia
  with fragments of amygdaloidal basalt up to 15 centimetres. White zeolites,
  epidote, pyrite, quartz and chlorite comprise vesicle fillings within the basalts.Two
  hundred metres north of the occurrence, two small diorite plugs intrude the
  basalts.

Massive pyrite, magnetite, pyrrhotite, minor chalcopyrite
  and trace bronite replaces limestone at the lower contact of the limestone bed.
  The mineralized zone is flat-lying, close to surface, thin and tabular, and
  ranges in thickness from 0.4 to 1.8 metres."

The Agreement provides for the following conditions:

|1. | Delivery of 10,000 common shares in the capital
        stock of the Company upon execution of the Agreement;                                                                                                                              
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. | Company's obligation to carry out a drilling program
        for an amount not less than $250,000.00 (Cdn); within three months of
        the execution of the agreement.                                                                 
|  
|3. | Upon completion of the drilling program, the Company
        will have the option to obtain a 55% interest in the Yew Claims by completing
        a feasibility study within two years of the completion of the Feasibility
        Study;
|  
|4. | For the period ending upon the completion of the
        feasibility study the Company will execute annual payment of $50,000.00
        (Cdn) to 697446 B.C. Ltd.;                                                                        
|  
|5. | Upon the exercise of the Option, the parties shall
        enter into a joint venture agreement to develop the Yew Claims in accordance
        with the feasibility study recommendation.                                                 

The Company anticipates that additional funding will be required
  in the form of equity financing from the sale of its common stock. There is
  no assurance that the Company will be able to achieve additional sales of its
  common stock sufficient to fund the development of its nanotechnology patent
  rights. Presently it does not have any arrangements in place for future equity
  financing.

---

The Company anticipates incurring approximately $39,800 for
  administrative expenses including accounting and audit costs ($9,000) legal
  fees ($15,000), rent and office costs ($6,000), computer costs ($1,800), telephone
  costs ($1,800) and general administrative costs ($7,200) over the next 12 months.

The Company is unable to estimate approximate costs for development
  and marketing of the nanotechnology assets it is acquiring until such time as
  it raises sufficient financing for operations and complete its acquisition of
  these assets.

Forward-Looking Statements

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

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

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

PART II- OTHER INFORMATION

Item 1. Legal Proceedings

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

Item 2. Changes in Securities None. Item 3. Defaults Upon Senior Securities None.


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

None. Item 5. Other Information None.


---

Item 6. Exhibits and Report on Form 8-K

|31.1 | Certification
        of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley
        Act of 2002.                                               
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                   
|31.2 | Certification
        of Chief Accounting Officer pursuant to Section 302 of the  Sarbanes-Oxley
        Act of 2002.                                             
|     |                                                                                                                                                                   
|32.1 | Certification
        of Chief Executive Officer pursuant to 18 U.S.C. section 1350,as
        adopted pursuant to section 906 of the Sarbanes-Oxley act of 2002  
|     |                                                                                                                                                                   
|32.2 | Certification
        of Chief Accounting Officer pursuant to U. S. C. section 1350, as adopted
        pursuant to section 906 of the Sarbanes-Oxley act of 2002.

SIGNATURES

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

|               | Infinex Ventures, Inc.     | 
|-------------- | -------------------------- | 
|               |                            | 
|June 17, 2004. | /s/ Michael De Rosa        | 
|               | Michael De Rosa, President | 

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