UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

                        FORM 10-QSB

[X] Quarterly Report under Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended June 30, 2005

[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from ---- to -----

               Commission File Number 333-79405

                   NATALMA INDUSTRIES, INC.
   --------------------------------------------------
  (Exact name of registrant as specified in its charter)

       Nevada                            88-0409369
--------------------------            -----------------
(State or other jurisdiction          (I.R.S. Employer
of incorporation or organization      Identification No.)


    1550 Ostler Court N. Vancouver, B.C., Canada   V7G 2P1
------------------------------------------------   -------
(Address of principal executive offices)          (Zip Code)

Registrant's telephone number, including area code:(604) 924-8000

                               None
------------------------------------------------------------------
Former Name, Address and 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 Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes X No

At June 30, 2005, there were 11,777,500 shares of our common
stock issued and outstanding.




                                1

<PAGE>

                          TABLE OF CONTENTS
                          -----------------

                   PART I: FINANCIAL INFORMATION

Item 1.  Financial Statements......................................... 2

Item 2.  Management's Discussion and Analysis or Plan of Operation ... 9

Item 3.  Controls and Procedures...................................... 10

                    PART II: OTHER INFORMATION

Item 6.  Exhibits..................................................... 11

Signatures............................................................ 11


                    PART 1. FINANCIAL INFORMATION
                    -----------------------------

Item 1. Financial Statements
----------------------------
The financial statements included herein have been prepared by us,
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 generally accepted accounting principles have been
omitted. However, in the opinion of management, all adjustments
(which include only normal recurring accruals) necessary to present
fairly the financial position and results of operations for the period
presented have been made. The results for interim periods are not
necessarily indicative of trends or of results to be expected for the
full year. These financial statements should be read in conjunction
with the financial statements and notes thereto included in the
our Form 10KSB/A for the year ended December 31, 2004, which can be
found on the SEC website (www.sec.gov) under SEC File Number 333-79405.














                                2
<PAGE>

<TABLE><CAPTION>
                   NATALMA INDUSTRIES, INC.
              (An Exploration Stage Enterprise)
                       Balance Sheets

-------------------------------------------------------------------------------

                                 30 June 2005     31 December 2004
                                  (Unaudited)        (Audited)
                                            $                    $
				 ------------     ----------------
<S>                                    <C>             <C>
Assets
------
Current
-------
Cash and cash equivalents            225,959              228,798
                       		 ------------     ---------------
                                     225,959              228,798
                                 ============     ===============

Liabilities
-----------
Current
-------
Accounts payable and accrued
liabilities (Note 3)                   1,965                2,050
                                 ------------    ----------------

Shareholders' equity
--------------------
Capital stock (Note 5)

Authorized
30 June 2004 - 25,000,000 of
common shares, par value $0.001

30 June 2005 - 75,000,000 of
common shares, par value $0.001

Issued and outstanding
11,777,500 common shares              11,778               11,778

Additional paid-in capital           331,152              331,152

Deficit, accumulated during
the exploration stage               (118,936)            (116,182)
                                 ------------    ----------------
                                     223,994              226,748
                                 ------------    ----------------
                                     225,959              228,798

                                 ============    ================
</TABLE>


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


                                     3

</PAGE>


<TABLE><CAPTION>

                              Natalma Industries Inc.
                        (An Exploration Stage Enterprise)
                             Statements of Operations
                                    (Unaudited)
                                                                                           Inception,
                                 --------------------------   -------------------------   July 9, 1998
		                 For the three months ended    For the six months ended     Through
                                           June  30                    June 30              June 30,
                                      2005        2004              2005       2004          2005
                                 -----------  -------------   -----------   -----------   ------------
<S>                                    <C>        <C>               <C>        <C>            <C>
Revenues:
--------
Revenues                         $         -   $         -      $       -    $       -     $       -
                                 -----------  -------------   -----------   -----------   ------------
Expenses:
--------
Professional fees                      2,890         4,292          4,726        4,224         52,911
Other general and administrative
  expenses                               141             6            146          322         15,336
Travel                                     -         1,147              -        1,147          1,147
                                  -----------  -------------   -----------   -----------   ------------
Total Operating Expenses                3.031        5,445          4,872        5,693         69,394
                                  -----------  -------------   -----------   -----------   ------------
Income (loss) from operations          (3,031)      (5,445)        (4,872)      (5,693)       (69,394)
                                  -----------  -------------   -----------   -----------   ------------
Other income (expense):
----------------------
Interest income                        1,184             -          2,118        1,694          5,958
Expired option to purchase
  mineral property                         -             -              -            -        (55,500)
                                  -----------  -------------   -----------   -----------   ------------
Total other income (expense)           1,184             -          2,118        1,694          5,958
                                  -----------  -------------   -----------   -----------   ------------
Income before taxes on income     $   (1,847)  $    (5,445)    $   (2,754)   $  (3,999)    $ (118,936)
                                  ===========  =============   ===========   ===========   ============
Provision (credit) for
income taxes:
----------------------
Income tax (benefit)                      -             -              -            -               -
                                  -----------  -------------   -----------   -----------   ------------
Net income (loss)                  $   (1,847)  $    (5,445)    $   (2,754)   $  (3,999)    $ (118,936)
                                  ===========  =============   ===========   ===========   ============
Basic and diluted earnings
per common share                        (0.00)        (0.00)         (0.00)       (0.00)
                                  -----------  -------------   -----------   -----------

Weighted average number of
common shares used in per
share calculations                 11,777,500    11,777,500     11,777,500   11,777,500
                                  ===========  =============   ===========   ===========

</TABLE>




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





                                                        4
<PAGE>

<TABLE><CAPTION>

                                    Natalma Industries Inc.
                              (An Exploration Stage Enterprise)
                                   Statements of Cash Flows
                                         (Unaudited)

                                                                                            Inception,
                                 --------------------------   -------------------------   July 9, 1998
		                 For the three months ended    For the six months ended     Through
                                           June  30                    June 30              June 30,
                                      2005        2004              2005       2004          2005
                                 -----------  -------------   -----------   -----------   ------------
<S>                                    <C>        <C>               <C>        <C>            <C>

Cash flows from operating
activities:
-------------------------
Net income (loss)                 $  (1,847)   $   (5,445)     $  (2,754)   $  (3,999)    $ (118,936)

Changes in operating assets
and liabilities:
  Stock issued for services
    and mineral option                    -             -              -            -          3,500
  Increase (decrease) in
    accounts payable                   (635)            -            (85)        (550)         6,165
                                  -----------  -------------   -----------   -----------   ----------
Net cash flows from
operating activities                 (2,482)       (5,445)        (2,839)      (4,549)      (109,271)

Cash flows from investing
activities
-------------------------                 -            -               -            -              -

                                  -----------  -------------   -----------   -----------   ----------
Net cash flows from financing
activities                                -            -               -            -              -
                                  -----------  -------------   -----------   -----------   ----------

Cash flows from financing
activities:
-------------------------
Payments on stockholder advance           -            -               -            -         (4,200)
Proceeds from issuance of stock           -            -               -            -        357,500
Costs incurred to raise capital           -            -               -            -        (18,070)
                                  -----------  -------------   -----------   -----------   ----------
Net cash flows from financing
activities                                -            -               -            -        335,230
                                  -----------  -------------   -----------   -----------   ----------
Net increase (decrease) in
cash                                 (2,482)      (5,445)         (2,839)      (4,549)       225,959


Cash and equivalents,
beginning of period                 228,441      235,374         228,798      234,478              -
                                  -----------  -------------   -----------   -----------   ----------

Cash and equivalents,
end of period                       225,959      229,929         225,959      229,929        225,959
                                 ============  =============   ===========   ===========   ==========

Supplemental cash flow disclosures:
----------------------------------
  Cash paid for interest         $        -     $      -       $       -     $      -      $       -
  Cash paid for income taxes     $        -     $      -       $       -     $      -      $       -
  Stock issued for option
    to purchase                           -            -               -            -        500,000
  Stock issued for services               -            -               -            -      3,025,000
</TABLE>

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

                                                   5


<PAGE>

                                    Natalma Industries Inc.
                              (An Exploration Stage Enterprise)
                                Notes to Financial Statements
                                        (Unaudited)
                                       June 30, 2005

1.  Nature and Continuance of Operations

Natalma Industries Inc. (the "Company") is an exploration stage enterprise, as
defined in Financial Accounting Standards Board No. 7 and Industry Guide 7 of
the SEC Industry Guide.  The Company is devoting all of its present efforts in
securing and establishing a new business, and its planned principal operations
have not commenced, and, accordingly, no revenue has been derived during the
organization period.

The Company's financial statements as at 30 June 2005 and for each of the
three month and six month periods then ended have been prepared on a going
concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business.  The Company
has a loss of $2,754 for the six month period ended June 30, 2005 (June 30,
2004-$3,999) and has working capital of $223,994 at June 30, 2005 (June 30,
2004-$228,229 and December 31, 2004-$226,748).

Management cannot provide assurance that the Company will ultimately achieve
profitable operations or become cash flow positive, or raise additional debt
and/orequity capital.  However, based on its prior demonstrated ability to
raise capital, management believes that the Company's capital resources should
be adequate to continue operating and maintaining its business strategy during
fiscal 2005. However, if the Company is unable to raise additional capital in
the near future, due to the Company's liquidity problems, management expects
that the Company will need to curtail operations, liquidate assets, seek
additional capital on less favourable terms and/or pursue other remedial
measures. These financial statements do not include any adjustments related
to the recoverability and classification of assets or the amounts and
classification of liabilities that might be necessary should the Company be
unable to continue as a going concern.

At June 30, 2005, the Company was not currently engaged in an operating
business and expects to incur development stage operating losses for the
next year to eighteen months.  It intends to rely on officers and directors
to perform essential functions without compensation until a business
operation can be commenced.  Management believes the Company has sufficient
capital to implement its business plan, and thus will continue as a going
concern during this period while the plans are implemented.  No value has
been recorded in the financial statements for the services rendered by
officers and directors, as the amount is immaterial to the financial
statements.

2.  Significant Accounting Policies

The following is a summary of significant accounting policies used in the
preparation of these financial statements.

Basis of presentation

These unaudited interim financial statements have been prepared in accordance
with accounting policies as set out in the Company's audited financial
statements for the year ended December 31, 2004, except as described in this
note.





                                              6

<PAGE>


                                    Natalma Industries Inc.
                              (An Exploration Stage Enterprise)
                                Notes to Financial Statements
                                        (Unaudited)
                                       June 30, 2005


These financial statements have been prepared in accordance with generally
accepted accounting principles for interim financial information. Accordingly,
they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.  In the
opinion of management, adjustments (consisting of normal recurring accruals)
considered necessary for a fair presentation have been included.  Operating
results for the six month period ended June 30, 2005 are not necessarily
indicative of the results that may be expected for the year ended December
31, 2005.  For further information, refer to the audited financial statements
of the Company for the year ended December 31, 2004.

Cash and cash equivalents

Cash and cash equivalents include highly liquid investments with original
maturities of three months or less.

Revenue recognition

The Company is recognized the revenue in the year in which the related
expenses are incurred.

Income taxes

The Company follows the Statement of Financial Accounting Standards Number
109 (SFAS 109), "Accounting for Income Taxes."  Deferred income taxes reflect
the net effect of (a) temporary difference between carrying amounts of assets
and liabilities for financial purposes and the amounts used for income tax
reporting purposes, and (b) net operating loss carryforwards.  No net
provision for refundable Federal income tax has been made in the accompanying
statement of loss because no recoverable taxes were paid previously. Similarly,
no deferred tax asset attributable to the net operating loss carryforward has
been recognized, as it is not deemed likely to be realized.

Use of estimates

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the amounts of assets and liabilities and disclosures of
contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenditures during the reported
period.  Actual results could differ from these estimates.

Financial instruments

Financial instruments are initially recorded at historical costs.  If
subsequent circumstances indicate that a decline in fair value of a financial
instrument is other than temporary, the financial asset is written-down to
its fair value.

Comparative figures

Certain comparative figures have been adjusted to conform to the current
period's presentation.


3.  Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities are non-interest bearing, unsecured
and have settlement dates within one year.

4.  Related Party Transactions

During the three month period ended 30 June 2005, the Company paid or
accrued professional fees of $250  (June 30, 2004-$Nil) to an indivdual
related to a director of the Company.

5.  Capital Stock

Authorized

The total authorized capital is 75,000,000 of common shares with par value
of $0.01.

                                           7
<PAGE>



                                    Natalma Industries Inc.
                              (An Exploration Stage Enterprise)
                                Notes to Financial Statements
                                        (Unaudited)
                                       June 20, 2005


6.  Income Taxes

The provision for refundable Federal income tax consists of the following:

<TABLE><CAPTION>
                                             June 30, 2005      December31, 2004
                                                        $                      $
                                             ------------       ----------------
<S>                                               <C>                  <C>
Deferred tax asset attributable to:
Current operations                                  (300)                (1,800)
Less: Change in valuation allowance                  300                  1,800
                                             -----------        ---------------
  Net refundable amount                                -                      -
                                             ===========        ===============
</TABLE>
The cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:

<TABLE><CAPTION>
                                             June 30, 2005      December31, 2004
                                                        $                      $
                                             ------------       ----------------
<S>                                                <C>                   <C>
Net operating loss carryover                       16,200                 15,900
Less: Valuation allowance                         (16,200)               (15,900)
                                             ------------       ----------------
  Net deferred tax asset                                -                      -
                                             ============       ================
</TABLE>

7.  Supplemental Disclosure with Respect to Cash Flows

<TABLE><CAPTION>
                                                                           For the period
                                             For the six     For the six    from the date
                                            month period    month period  of inception on
                                                   ended           ended  July 9, 1998 to
                                            June 30,2005    June 30,2004    June 30, 2005
                                            ------------    ------------  ---------------
                                                       $               $                $
<S>                                             <C>             <C>               <C>
Cash paid during the period for interest               -               -                -

Cash paid during the period for income taxes           -               -                -

Stock issued for option to purchase                    -               -          500,000

Stock issued for services                                                       3,025,000

</TABLE>


                                           8

<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
-----------------------------------------------------------------
The following discussion should be read in conjunction with the information
contained in the audited financial statements and notes thereto set forth in
our Annual Report on Form 10-KSB/A for the year ended December 31, 2004, which
can be found in its entirety on the SEC website at www.sec.gov, under our
SEC File Number 333-79405.

Note Regarding Forward-Looking Statements
-----------------------------------------
The statements contained in this Form 10-QSB that are not purely historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These include statements about our
expectations, beliefs, intentions or strategies for the future, which are
indicated by words or phrases such as anticipate, expect, intend, plan, will,
the Company believes, management believes and similar words or phrases. The
forward-looking statements are based on our current expectations and are
subject to certain risks, uncertainties and assumptions. Our actual results
could differ materially from results anticipated in these forward-looking
statements. All forward-looking statements included in this document are
based on information available to us on the date hereof, and we assume no
obligation to update any such forward-looking statements.

Results of Operations
---------------------
Three Months Ended June 30, 2005 compared to Three Months Ended
June 30, 2004
----------------------------------------------------------------
We are an exploration stage company and have not yet generated any
revenues since inception.

Our total expenses for the three month period ended June 30, 2005
were $3,031, consisting of professional fees in the amount of $$2,890 and
operating expenses in the amount of $141, as compared to total expenses of
$5,445 for the three month period ended June 30, 2004, consisting of
professsional fees in the amount of $4,292, operating expenses of $6 and
travel expenses of $1,147 for the three month period ended June 30, 2004.

Net loss was $1,847 or $0.01 per share for the three months ended June 30,
2005 as compared to a net loss of $5,445 or $0.01 per share for the three
months ended June 30, 2004.

Liquidity and Capital Resources
-------------------------------
At June 30, 2005, we had $225,959 in cash in the bank.

Net cash flows from operating activities for the three months ended
June 30, 2005 was $(2,481), as compared to net cash flows from operating
activities of $5,445 for the three months ended June 30, 2004.

There were no cash flows from investing or financing activities during the
three months ended June 30, 2005 or June 30, 2004.

Our stockholders' equity was $223,994 at June 30, 2005.

While we believe our current capital will be sufficient to sustain
operations for the next twelve months, there can be no guarantee that we
will have sufficient capital or will be able to obtain sufficient capital
to meet our operational obligations or execute our business plans.

In the next 12 months, we do not intend to spend any substantial funds on
research and development and do not intend to purchase any major equipment.

We do not intend to hire any new employees during the ensuing year, unless
our business operations expand sufficiently to warrant additional staff.

We do not anticipate any material commitments for capital expenditures
in the near term. We are not aware of any trend in our industry or capital
resources which may have a negative impact on our income or revenues.



                                      9
<PAGE>


Plan of Operation
-----------------
In December, 1998, we entered into an Option to Purchase Agreement with
John Martin, an unrelated third party, to acquire 100% of the rights,
titles and interests in and to a total of 10 mining claims in the North
Mt. Lorne Properties, Per 1-10 mineral claims, Grant No. YC08501-YC08510,
in the Whitehorse Mining  District,  Yukon Territory, Canada, in exchange
for $55,000 U.S. in cash and  500,000  shares  of Registrant's restricted
common  stock. On March 16, 1999, we exercised the Option and acquired the
mining claims. As part of the Agreement, we agreed to pay a 2% net smelter
return, which means 2% of the net proceeds from the sale of any minerals
after deducting the costs of extracting and smelting the minerals,
excluding any administrative or selling costs, to Mr. Martin on any and
all minerals we may locate and produce on the properties. In addition, we
were required to complete a minimum of $80,000 Cdn. Exploration and
development work on the properties on or before September 1, 1999;
however, since we have not yet completed the exploration work on the
properties, this date has been extended by a verbal agreement between the
parties to December 31, 2005.

The existing roads leading to the properties in the Yukon Territory
are rough-graded dirt and, during rainy weather, are sometimes
inaccessible or washed out. To date, we have not performed any geological
work on any of the claims, as we will not be able to perform full
exploration without the assistance of a major mining company. We are
concentrating all of our current efforts on finding a partner before the
Option expires on December 31, 2005.

Off-Balance Sheet Arrangements
------------------------------
We have no off-balance sheet arrangements.

ITEM 3. CONTROLS AND PROCEDURES
-------------------------------
Evaluation of Disclosure Controls and Procedures
------------------------------------------------
Under the supervision and with the participation of our management,
including our principal executive officer and the principal financial
officer, we have conducted an evaluation of the effectiveness of the
design and operation of our disclosure controls and procedures, as defined
in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934,
as of the end of the period covered by this report. Based on this
evaluation, our principal executive officer and principal financial officer
concluded as of the evaluation date that our disclosure controls and
procedures were effective such that the material information required to
be included in our Securities and Exchange Commission reports is recorded,
processed, summarized and reported within the time periods specified in SEC
rules and forms relating toour company, including any consolidating
subsidiaries, and was made known to us by others within those entities,
particularly during the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls
or in other factors that could significantly affect these controls
subsequent to the evaluation date. We have not identified any significant
deficiencies or material weaknesses in our internal controls, and
therefore there were no corrective actions taken.




                                      10
<PAGE>



                PART II - OTHER INFORMATION
                 ---------------------------

Item 6. EXHIBITS AND REPORTS ON FORM 8-K
----------------------------------------
A)   The following exhibits marked with an asterisk and required to
be filed herein are incorporated by reference and can be found in
their entirety in our original Form SB-2 registration statement,
filed on May 27, 1999, under SEC File Number 333-79405:

<TABLE><CAPTION>

                 <c>
Exhibit No.           Description
----------            -----------
*  3(i)               Articles of Incorporation
*  3(ii)              Bylaws
* 10.1                Option to Purchase Agreeement
* 10.2                Assignment of Option to Purchase
* 10.3                Amendment to Option to Purchase
  31                  Sec. 302 Certification
  32		      Sec. 906 Certification
</TABLE>

B) One report on Form 8-K was filed subsequent to the period ended June
30, 2005 to disclose our change in accounting firms. The Form 8-K can be
found in its entirety on the SEC website at www.sec.gov under our SEC File
Number 333-79405.


                        SIGNATURES
                        ----------

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                           NATALMA INDUSTRIES, INC.,
                           a Nevada corporation (Registrant)

Dated: August 8, 2005       /s/ Derick Sinclair
                          By: Derick Sinclair, President, CEO,
                              Secretary, Treasurer, CFO, Principal
                              Accounting Officer and Director

In accordance with the Exchange Act, this report has been signed
below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.

                           NATALMA INDUSTRIES, INC.,
                           a Nevada corporation (Registrant)

Dated: August 8, 2005       /s/ Derick Sinclair
                          By: Derick Sinclair, President, CEO,
                              Secretary, Treasurer, CFO, Principal
                              Accounting Officer and Director












                                 11
<PAGE>