================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

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

      For the quarterly period ended    December 31, 2004
                                     ----------------------

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

      For the transition period                  to
                               ------------------   --------------------

      Commission File Number    001-32289
                            -----------------

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


          Nevada                                     Applied for
---------------------------------           -----------------------------
(State or other jurisdiction of           (IRS Employer Identification No.)
 incorporation or organization)


220 Decourcy Drive,
Gabriola Island, British Columbia                       V0R 1X1
----------------------------------------      -----------------------------
(Address of principal executive offices)           (Postal or Zip Code)


Issuer's telephone number, including area code: 604-837-2739
                                                ---------------------------

                                     None
    -----------------------------------------------------------------------
     (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:  5,971,000 shares of $0.001
par value common stock outstanding as of February 11, 2005.

<page>




                                   ZENO, INC.

                        (A Pre-exploration Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                December 31, 2004

                             (Stated in US Dollars)

                                   (Unaudited)
                                   -----------








<page>




                                   ZENO, INC.
                        (A Pre-exploration Stage Company)
                             INTERIM BALANCE SHEETS
                      December 31, 2004 and March 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

<table>
<caption>
                                                                                         December 31,         March 31,
                                                                                             2004                2004
                                                                                             ----                ----
                                                           ASSETS
                                                           ------

                                                                                     <c>                  <c>
Current
    Cash                                                                              $          14,244   $           23,812

Advance receivable - Note 3                                                                       1,549                    -
                                                                                      -----------------   ------------------

                                                                                      $          15,793   $           23,812
                                                                                      =================   ==================

                                                        LIABILITIES
                                                        -----------

Current
    Accounts payable and accrued liabilities                                          $           5,641   $            5,816
    Due to related party - Note 4                                                                   900                    -
                                                                                      -----------------   ------------------

                                                                                                  6,541                5,816
                                                                                      -----------------   ------------------

                                                    STOCKHOLDERS' EQUITY
                                                    --------------------

Capital stock
    Authorized:
    75,000,000 common shares, par value $0.001 per share
    Issued and outstanding:
   5,971,000 common shares (March 31, 2004:  5,971,000)                                           5,971                5,971
Additional paid in capital                                                                       21,879               21,879
Deficit accumulated during the pre-exploration stage                                            (18,598)              (9,854)
                                                                                      -----------------   ------------------

                                                                                                  9,252               17,996
                                                                                      -----------------   ------------------

                                                                                      $          15,793   $           23,812
                                                                                      =================   ==================
</table>


                             SEE ACCOMPANYING NOTES

<page>

                                   ZENO, INC.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
         for the three and nine months ended December 31, 2004 and 2003
  and the period January 28, 2003 (Date of Incorporation) to December 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

<table>
<caption>
                                                                                                               January 28,
                                                                                                              2003 (Date of
                                                                                                              Incorporation)
                                                  Three Months Ended                Nine Months Ended                to
                                                     December 31,                     December 31,              December 31,
                                                2004              2003             2004            2003             2004
                                                ----              ----             ----            ----             ----

                                            <c>                 <c>             <c>              <c>            <c>
Expenses
    Accounting and audit fees             $         1,700   $            -   $         5,592  $           -  $            9,693
    Bank charges                                       26               25               170             61                 250
    Filing                                            476                -             1,198              -               1,198
    Legal fees                                          -                -             1,500              -               2,500
    Office and miscellaneous                          284                -               284             55                 760
    Mineral property costs                              -            3,902                 -          3,902               4,197
                                          ---------------   --------------   ---------------  -------------  ------------------

Net loss for the period                   $        (2,486)  $       (3,927)  $        (8,744) $      (4,018) $          (18,598)
                                          ===============   ==============   ===============  =============  ==================

Basic and diluted loss per share          $          0.00   $         0.00   $          0.00  $       0.00
                                          ===============   ==============   ===============  ============

Weighted average number of
shares outstanding
                                                5,971,000        5,753,424         5,971,000      3,334,782
                                          ===============   ==============   ===============  =============
</table>



                             SEE ACCOMPANYING NOTES

<page>

                                   ZENO, INC.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
              for the nine months ended December 31, 2004 and 2003,
  and the period January 28, 2003 (Date of Incorporation) to December 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------
<table>
<caption>
                                                                                                               January 28,
                                                                                                              2003 (Date of
                                                                          Nine Months Ended                   Incorporation)
                                                                             December 31,                    to December 31,
                                                                      2004                  2003                   2004
                                                                      ----                  ----                   ----

                                                            <c>                     <c>                  <c>
Cash Flows used in Operating Activities
    Net loss for the period                                   $             (8,744) $             (4,018)$           (18,598)
    Adjustments to reconcile net loss to
   net cash used by operating activities
      Accounts payable and accrued
     liabilities                                                              (175)                    -               5,641
                                                              --------------------  -------------------- -------------------

Net cash used in operating activities                                       (8,919)               (4,018)            (12,957)
                                                              --------------------  -------------------- -------------------

Cash Flows used in Investing Activity
    Advances receivable                                                     (1,549)                    -              (1,549)
                                                              --------------------  -------------------- -------------------

Net cash used in investing activity                                         (1,549)                    -              (1,549)
                                                              --------------------  -------------------- -------------------


Cash Flows from Financing Activities
    Issuance of common shares                                                    -                 7,850              27,850
    Due to related party                                                       900                     -                 900
                                                              --------------------  -------------------- -------------------

Net cash from financing activities                                             900                 7,850              28,750
                                                              --------------------  -------------------- -------------------

Increase (decrease) in cash during the period                               (9,568)                3,832              14,244

Cash, beginning of the period                                               23,812                     -                   -
                                                              --------------------  -------------------- -------------------

Cash, end of the period                                       $             14,244  $              3,832 $            14,244
                                                              ====================  ==================== ===================

Supplemental disclosure of cash flow
information Cash paid for:
      Interest                                                $                -    $                -   $                -
                                                              ====================  ===================== ==================

      Income taxes                                            $                -    $                -   $                -
                                                              ====================  ===================== ==================
</table>



                             SEE ACCOMPANYING NOTES

<page>

                                   ZENO, INC.
                        (A Pre-exploration Stage Company)
                    INTERIM STATEMENT OF STOCKHOLDERS' EQUITY
  for the period January 28, 2003 (Date of Incorporation) to December 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

<table>
<caption>
                                                                                               Deficit
                                                                                               Accumulated
                                                    Common Shares              Additional      During the
                                          ----------------------------------    Paid-in       Pre-exploration
                                                Number         Par Value         Capital            Stage             Total
                                                ------         ---------         -------            -----             -----

                                         <c>                <c>             <c>              <c>               <c>
Net loss for the period                                  -  $             -  $             -  $          (1,520) $       (1,520)
                                           ---------------  ---------------  ---------------  -----------------  --------------

Balance, March 31, 2003                                  -                -                -             (1,520)         (1,520)

  Capital stock issued for cash
                        - at $0.001              5,750,000            5,750                -                  -           5,750
                        - at $0.10                 221,000              221           21,879                  -          22,100
Net loss for the year                                    -                -                -             (8,334)         (8,334)
                                           ---------------  ---------------  ---------------  -----------------  --------------

Balance, March 31, 2004                          5,971,000            5,971  $        21,879             (9,854)         17,996

Net loss for the period                                  -                -                -             (8,744)         (8,744)
                                           ---------------  ---------------  ---------------  -----------------  --------------

Balance, December 31, 2004                       5,971,000  $         5,971  $        21,879  $         (18,598) $        9,252
                                           ===============  ===============  ===============  =================  ==============
</table>



                             SEE ACCOMPANYING NOTES

<page>

                                   ZENO, INC.
                        (A Pre-exploration Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                December 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

Note 1        Interim Financial Statements
              ----------------------------

              While the information presented in the accompanying nine months to
              December 31, 2004 interim  financial  statements is unaudited,  it
              includes all adjustments  which are, in the opinion of management,
              necessary to present  fairly the  financial  position,  results of
              operations  and cash flows for the  interim  period  presented  in
              accordance with the accounting  principles  generally  accepted in
              the United States of America.  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.  It is
              suggested that these  financial  statements be read in conjunction
              with the Company's March 31, 2004 financial statements.

              Operating  results for the period ended  December 31, 2004 are not
              necessarily indicative of the results that can be expected for the
              year ending March 31, 2005.

Note 2        Continuance of Operations
              -------------------------

              The  financial  statements  have  been  prepared  using  generally
              accepted  accounting  principles  in the United  States of America
              applicable for a going concern which assumes that the Company will
              realize its assets and discharge its  liabilities  in the ordinary
              course of  business.  As at  December  31,  2004,  the Company has
              accumulated  losses of $18,598 since its  commencement and has yet
              to achieve  profitable  operations.  Its  ability to continue as a
              going  concern is  dependent  upon the  ability of the  Company to
              generate profitable  operations in the future and/or to obtain the
              financing   necessary  to  meet  its   obligations   and  pay  its
              liabilities arising from normal business operations when they come
              due. The outcome of these  matters  cannot be  predicted  with any
              certainty  at this  time  and  raise  substantial  doubt  that the
              Company  will be  able  to  continue  as a  going  concern.  These
              financial statements do not include any adjustments to the amounts
              and classification of assets and liabilities that may be necessary
              should the Company be unable to continue as a going concern.

              The  Company  was  incorporated  in the State of Nevada on January
              28,2003.

              The  Company  has  filed  a  Form  SB-2   Registration   Statement
              prospectus   with  the  United  States   Securities  and  Exchange
              Commission  to qualify  for the sale by existing  shareholders  of
              1,971,000  common shares at an offering  price of $0.10 per share.
              The Company  will not receive any proceeds  from this  offering as
              these shares have already been issued.

<page>

Zeno, Inc.
(A Pre-exploration Stage Company)
December 31, 2004
(Stated in US Dollars)
(Unaudited) - Page 2
 ---------


Note 3        Advance Receivable
              ------------------

              Advance receivable is due from a private company controlled by the
              spouse of a director of the  Company.  This  amount is  unsecured,
              non-interest bearing and has no specific terms for repayment.


Note 4        Due to Related Party
              --------------------

              Amounts  due to a  related  party  are  due to a  director  of the
              company for loan proceeds. This amount is unsecured,  non-interest
              bearing and has no specific terms for repayment.





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

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements that involve risks and
uncertainties.  We use words such as anticipate,  believe, plan, expect, future,
intend and similar expressions to identify such forward-looking  statements. You
should not place too much  reliance  on these  forward-looking  statements.  Our
actual results are likely to differ  materially from those  anticipated in these
forward-looking  statements  for many  reasons,  including the risks faced by us
described in this Risk Factors section and elsewhere in this annual report.

Item 3.  Controls and Procedures

As required by Rule 13a-15 under the Exchange  Act,  within the 90 days prior to
the filing date of this report,  the Company  carried out an  evaluation  of the
effectiveness of the design and operation of the Company's  disclosure  controls
and procedures. This evaluation was conducted by Mr. Frank McGill, a director of
the Company,  who also acts as the Company's  President and the Chief  Executive
Officer and Mrs.  Linda Smith,  a director who also acts as the Company's  Chief
Financial Officer and Treasurer.

Based upon that evaluation,  the Company concluded that the disclosure  controls
and  procedures are  effective.  There have been no  significant  changes in the
Company's  internal  controls or in other  factors,  which  could  significantly
affect  internal  controls  subsequent  to the date the Company  carried out its
evaluation.

Plan of Operation

Our  plan of  operations  for  the  twelve  months  following  the  date of this
quarterly  report  is to  complete  the  recommended  phase  one and  phase  two
exploration  programs  on the  Rawluk  Lake  property  at an  estimated  cost of
approximately $11,700.

<page>

The Phase I exploration program will consist of prospecting and linecutting.  We
intend  to  commence  this  phase in the  spring of 2005.  The  phase  will take
approximately one month to complete.

Phase II will  consist of  geochemical  and  geophysical  surveys.  We intend to
commence this phase in the summer of 2005. The phase will take approximately one
month to complete.

We  also   anticipate   spending   approximately   $20,000  in  connection  with
administrative  expenses  relating to our affairs.  Accordingly,  we  anticipate
spending $31,700 in order to accomplish our business objectives over the next 12
months.

We  currently  have  enough  funds on hand to  complete  the first two phases of
exploration  on the Rawluk Lake  property.  To complete phase three and to cover
administrative  costs  will  require  additional  funding.  We  anticipate  that
additional  funding  will be required in the form of equity  financing  from the
sale of our  common  stock.  However,  we may not be  able to  raise  sufficient
funding  from  the sale of our  common  stock  to fund  the  third  phase of the
exploration  program.  We do not have any  arrangements  in place for any future
equity  financing.  Our  management  is prepared  to provide us with  short-term
loans, although no such arrangement has been made.

If we do not secure  additional  funding for  exploration  expenditures,  we may
consider  seeking an arrangement with a joint venture partner that would provide
the  required  funding in exchange for  receiving a part  interest in the Rawluk
Lake  property.  We have not  undertaken  any efforts to locate a joint  venture
partner.  There is no guarantee  that we will be able to locate a joint  venture
partner who will assist us in funding  exploration  expenditures upon acceptable
terms. We may also pursue acquiring interests in alternate mineral properties in
the future.


Results Of Operations for Nine-Month Period Ended December 31, 2004

We incurred total operating  expenses in the amount of $8,744 for the nine-month
period ended  December  31,  2004,  as compared to $4,018 for the same period in
2003. During the nine months ended December 31, 2004 the company incurred $5,592
in accounting and audit fees (2003:  $Nil),  $170 in bank charges  (2003:  $61),
$1,198 in filing fees (2003:  $Nil),  $1,500 in legal fees  (2003:  $Nil),  $284
(2003: $55) in office and miscellaneous expenditures, and $Nil (2003: $3,902) in
mineral  property  costs.  At quarter  end, we had cash on hand of $14,244.  Our
liabilities at the same date totalled  $6,541 and consisted of accounts  payable
and accrued liabilities of $5,641 and amounts due to related party of $900.

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.

<page>

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 pursuant to 18 U.S.C. Section 1350, as adopted pursuant
         to Section 302 of the Sarbanes-Oxley Act of 2002
 31.2    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
         to Section 906 of the Sarbanes-Oxley Act of 2002
 32.1    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
         to Section 906 of the Sarbanes-Oxley Act of 2002
 32.2    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
         to Section 906 of the Sarbanes-Oxley Act of 2002



During the  nine-month  period ended December 31, 2004, the Company did not file
any current reports on Form 8-K.


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.

                                             Zeno, Inc.

                                             /s/ Frank McGill
                                             ---------------------------
                                             Frank McGill
                                             President, Chief Executive
                                             Officer, Secretary and Director
                                             Dated: February 11, 2005


                                             Zeno, Inc.

                                             /s/ Linda Smith
                                             ---------------------------
                                             Linda Smith
                                             Chief Financial Officer,
                                             Treasurer, principal accounting
                                             officer and Director
                                             Dated: February 11, 2005