----

----

**FORM      10-QSB**

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

|   | For                the quarterly period ended **April                30,2007.** |
|--------|---------------------------------------------------------------------------------|

| [                ] | 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 June 11,        2007.**

----

| Part                I -  | FINANCIAL                INFORMATION                                              |
|--------------------------|-----------------------------------------------------------------------------------|
|                     |                                                                              |
| Item                  1. | Financial                  Statements:                                            |
|                     |     Balance                  Sheets                           | 5 |
|                     |     Interim                  Statements of Operations         | 6 |
|                     |     Interim                  Statements of Cash Flows         | 7 |
|                     |     Notes                  to Interim Financial Statements    | 8 |
|                     |                                                                              |   |
| Item                  2. | Management’s                  Discussion and Analysis or Plan of Operations | 15 |
|                     |                                                                              |   |
| Item                  3. | Control                  and Procedures                                           | 16 |
|                     |                                                                              |   |
| Part                II - | OTHER                INFORMATION                                                  |   |
|                     |                                                                              |   |
| Item                1.   | Legal                Proceedings                                                  | 17 |
| Item                  2. | Changes                in Securities                                              | 17 |
| Item                3.   | Defaults                Upon Senior Securities                                    | 17 |
| 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               |                                                                              | 18 |

----

**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**

----

**PART        1 - FINANCIAL INFORMATION**

**Item        1. Financial Statements**

**INFINEX        VENTURES, INC.**

**(An        Exploration Stage Company)**

**INTERIM        FINANCIAL STATEMENTS**

**APRIL**
**        30, 2007**

**(Unaudited)**

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

----

**INFINEX      VENTURES, INC.**

**(An      Exploration Stage Company)**

**BALANCE      SHEETS**

**(Unaudited)**

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

|                                                                           |   |                              |           |
|--------------------------------------------------------------------------------|--------|-----------------------------------|----------------|
|                                                                           |   | **April                30, 2007** |           | October                31, 2006 |   |
|                                                                           |   |                              |           |   |   |
| **ASSETS**                                                                     |   |                              |           |   |   |
|                                                                           |   |                              |           |   |   |
| **Current**                                                                    |   |                              |           |   |   |
| Cash                in bank                                                    |   | $                                 | **10**         |   | $ | 231 |   |
| Prepaid                expenses                                                |   |                              | **-**          |   |   | 1,029 |   |
|                                                                           |   |                              |           |   |   |   |   |
|                                                                           |   | $                                 | **10**         |   | $ | 1,260 |   |
|                                                                           |   |                              |           |   |   |   |   |
| **LIABILITIES**                                                                |   |                              |           |   |   |   |   |
|                                                                           |   |                              |           |   |   |   |   |
| **Current**                                                                    |   |                              |           |   |   |   |   |
| Accounts                payable and accrued liabilities (Note 4)               |   | $                                 | **121,727**    |   | $ | 113,123 |   |
| Loans                payable (Note 4)                                          |   |                              | **274,294**    |   |   | 274,294 |   |
| Due                to related party (Note 5)                                   |   |                              | **73,486**     |   |   | 57,286 |   |
|                                                                           |   |                              | **469,507**    |   |   | 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 April 30, 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**            |   |                              | **(4,347,350** | **)** |   | (4,321,296 | ) |
|                                                                           |   |                              | **(469,497**   | **)** |   | (443,443 | ) |
|                                                                           |   |                              |           |   |   |   |   |
|                                                                           |   | $                                 | 10             |   | $ | 1,260 |   |

*See      accompanying notes to the financial statements*

----

**INFINEX      VENTURES, INC.**

**(An      Exploration Stage Company)**

**STATEMENT**
**S      OF LOSS**

**(Unaudited)**

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

|                                                                           |   |                                    |           |                                  |   |                      |   | INCEPTION                    |           |
|--------------------------------------------------------------------------------|--------|-----------------------------------------|----------------|---------------------------------------|--------|---------------------------|--------|------------------------------|----------------|
|                                                                           |   |                                    |           |                                  |   |                      |   | DECEMBER                  30 |           |
|                                                                           |   | **THREE                  MONTHS ENDED** |           | **SIX                  MONTHS ENDED** |   | 1998                  TO  |   |
|                                                                           |   | **APRIL                  30**           |           | **APRIL                  30**         |   | APRIL                  30 |   |
|                                                                           |   | **2007**                                |           | 2006                                  |   | **2007**                  |   | 2006                         |           | 2007 |   |
|                                                                           |   |                                    |           |                                  |   |                      |   |                         |           |   |   |
| **Expenses**                                                                   |   |                                    |           |                                  |   |                      |   |                         |           |   |   |
| Bank                  charges                                                  |   | $                                       | **35**         |                                  | $      | 101                       |   | $                            | **98**         |   | $ | 150 |   | $ | 1,107 |   |
| Consulting                                                                     |   |                                    | **-**          |                                  |   | -                         |   |                         | **-**          |   |   | - |   |   | 6,500 |   |
| Interest                                                                       |   |                                    | **1,597**      |                                  |   | 1,289                     |   |                         | **3,036**      |   |   | 2,622 |   |   | 29,856 |   |
| License                  fee                                                   |   |                                    | **-**          |                                  |   | -                         |   |                         | **-**          |   |   | - |   |   | 400,000 |   |
| Mineral                  property option payments and exploration expenditures |   |                                    | **-**          |                                  |   | -                         |   |                         | **-**          |   |   | - |   |   | 3,602,250 |   |
| Office                  facilities and sundry                                  |   |                                    | **1,440**      |                                  |   | 5,714                     |   |                         | **2****,190**  |   |   | 6,257 |   |   | 55,991 |   |
| Professional                  fees                                             |   |                                    | **3,110**      |                                  |   | 3,978                     |   |                         | **20,730**     |   |   | 11,851 |   |   | 215,893 |   |
|                                                                           |   |                                    |           |                                  |   |                      |   |                         |           |   |   |   |   |   |   |   |
| **Net                  Loss For The Period**                                   |   | **$**                                   | **6,182**      |                                  | **$**  | 11,082                    |   | **$**                        | **26,054**     |   | **$** | 20,880 |   | $ | 4,311,597 |   |
|                                                                           |   |                                    |           |                                  |   |                      |   |                         |           |   |   |   |   |   |   |   |
| **Basic                  And Diluted Loss Per Share**                          |   | $                                       | **(0.01**      | **)**                                 | $      | (0.01                     | )      | $                            | **(0.01**      | **)** | $ | (0.01 | ) |   |   |   |
|                                                                           |   |                                    |           |                                  |   |                      |   |                         |           |   |   |   |   |   |   |   |
|                                                                           |   |                                    |           |                                  |   |                      |   |                         |           |   |   |   |   |   |   |   |
| **Weighted                  Average Number Of Shares Outstanding**             |   |                                    | **25,349,550** |                                  |   | 19,313,631                |   |                         | **25,349,550** |   |   | 19,313,631 |   |   |   |   |

*See      accompanying notes to the financial      statements*

----

**INFINEX      VENTURES, INC.**

**(An      Exploration Stage Company)**

**STATEMENT**
**S      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 |   |
|                                                                                                                                                                                                           |   | **2007**                                |        | 2006                                  |   | **200****7**              |   | 2006   |        | 2007                         |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |
| **Cash                  Provided By (Used In)**                                                                                                                                                                |   |                                    |        |                                  |   |                      |   |   |        |                         |   |
| **Operating                  Activities**                                                                                                                                                                      |   |                                    |        |                                  |   |                      |   |   |        |                         |   |
| Net                  loss for the period                                                                                                                                                                       |   | **$**                                   | **(6,182**  | **)**                                 | **$**  | (11,082                   | )      | $      | **(26,054** | **)**                        | $      | (20,880 | ) | $ | (4,311,597 | ) |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| Changes                  in non-cash working capital items:                                                                                                                                                    |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| Prepaid                  expenses                                                                                                                                                                              |   |                                    | **144**     |                                  |   | -                         |   |   | **1,029**   |                         |   | - |   |   | - |   |
| Change                  in accounts payable and accrued liabilities                                                                                                                                            |   |                                    | **(6,424**  | **)**                                 |   | 2,230                     |   |   | **8,604**   |                         |   | 9,558 |   |   | 121,727 |   |
| Shares                  issued for license fee                                                                                                                                                                 |   |                                    | **-**       |                                  |   | -                         |   |   | **-**       |                         |   | - |   |   | 402,750 |   |
| Common                  shares issued for mineral property                  option payments (Note 3 and 6)                                                                                                     |   |                                    | **-**       |                                  |   | -                         |   |   | **-**       |                         |   | - |   |   | 3,472,500 |   |
|                                                                                                                                                                                                           |   |                                    | **(12,462** | **)**                                 |   | (8,852                    | )      |   | **(16,421** | **)**                        |   | (11,322 | ) |   | (314,620 | ) |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| **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                                                                                                                                                                             |   |                                    | **(5**      | **)**                                 |   | -                         |   |   | **-**       |                         |   | - |   |   | - |   |
| Loans                  payable                  (Note 4)                                                                                                                                                       |   |                                    | **-**       |                                  |   | -                         |   |   | **-**       |                         |   | - |   |   | 274,294 |   |
| Due                  to related party (Note 5)                                                                                                                                                                 |   |                                    | **12,477**  |                                  |   | 8,994                     |   |   | **16,200**  |                         |   | 10,659 |   |   | 73,486 |   |
| Shares                  issued for cash and services                                                                                                                                                           |   |                                    | **-**       |                                  |   | -                         |   |   | **-**       |                         |   | - |   |   | 11,850 |   |
|                                                                                                                                                                                                           |   |                                    | **12,472**  |                                  |   | 8,994                     |   |   | **16,200**  |                         |   | 10,659 |   |   | 359,630 |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| **Increase                  (Decrease) In Cash**                                                                                                                                                               |   |                                    | **10**      |                                  |   | 142                       |   |   | **(221**    | **)**                        |   | (663 | ) |   | 10 |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| **Cash,                  Beginning Of Period**                                                                                                                                                                 |   |                                    | **-**       |                                  |   | -                         |   |   | **231**     |                         |   | 805 |   |   | - |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| **Cash,                  End Of Period**                                                                                                                                                                       |   | **$**                                   | **10**      |                                  | **$**  | 142                       |   | **$**  | **10**      |                         | **$**  | 142 |   | $ | 10 |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| **Supplemental                  Disclosure Of****Cash                  Flow Information**                                                                                                                      |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| Interest                  paid                                                                                                                                                                                 |   | **$**                                   | **204**     |                                  | **$**  | -                         |   | **$**  | **204**     |                         | $      | - |   | $ | 26,704 |   |
| Income                  taxes                                                                                                                                                                                  |   | **$**                                   | **-**       |                                  | **$**  | -                         |   | $      | -           |                         | $      | - |   | $ | - |   |
| **Supplemental                  Disclosure Of Non-Cash Financing And Investing                  Activities**                                                                                                   |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
| Common                  shares issued pursuant to acquisition agreement                                                                                                                                        |   | **$**                                   | **-**       |                                  | **$**  | -                         |   | $      | **-**       |                         | $      | - |   | $ | 1,000 |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |
|                                                                                                                                                                                                           |   |                                    |        |                                  |   |                      |   |   |        |                         |   |   |   |   |   |   |

----

**INFINEX      VENTURES, INC.**

**(An      Exploration Stage Company)**

**NOTES      TO INTERIM FINANCIAL STATEMENTS**

**APRIL**
**      30, 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**

**APRIL      30**
**,      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**

**APRIL      30**
**,      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**

**APRIL      30**
**,      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**

**APRIL**
**      30, 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**

**APRIL      **
**30,      2007**

**(Unaudited)**

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

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

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

|                                                                                                               |   | **April                  30, 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**

**APRIL      **
**30,      2007**

**(Unaudited)**

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

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

|                                                                                                                                                                     |   | **April                  30, 2007** |       | October                  31, 2006 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|------------|-----------------------------------|--------|
|                                                                                                                                                                     |   |                                |       |                              |   |
| Advances                  received from the related party are unsecured, non-interest bearing                  and                  have no specific terms of repayment. |   | **$**                               | **73,486** |                              | $      | 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** |
|------------|---------------------------------------------------------------------------|

----

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

**Results        of Operations For Period Ending April 30,2007**

**Tesoro        Claims in Chile **

| 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; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (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**

**Liquidity        and Further Capital Resources**

**Item        3.**
**Control        and Procedures**

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**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**

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

**Item        5. Other Information**

**Reports        on Form 8-K**

**Item        6. Exhibits**

**,        **

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**SIGNATURES**

**INFINEX        VENTURES INC.**