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        June 30, 2004
                                    ---------------------

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

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

      Commission File Number      001-31669
                            ---------------

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

             Nevada                                 98-03048905
  ---------------------------------          -----------------------------
  (State or other jurisdiction of             (IRS Employer Identification No.)
   incorporation or organization)

                        700 West Pender Street, Suite 802
                   Vancouver, British Columbia, Canada V6C 1G8
                   -------------------------------------------
                    (Address of principal executive offices)

                                 (604) 685-3317
               --------------------------------------------------
               Registrant's telephone number, including area code


                                      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 [ ] Yes [X] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  3,890,000 shares of $0.001 par value
common stock outstanding as of July 29, 2004.

<page>

                                    TARI INC.

                        (A Pre-exploration Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                  June 30, 2004

                             (Stated in US Dollars)


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






<page>


                                    TARI INC.
                        (A Pre-exploration Stage Company)
                             INTERIM BALANCE SHEETS
                        June 30, 2004 and March 31, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

<table>
<caption>
                                                                                 June 30              March 31
                                                                                 -------              --------
                                                     ASSETS                        2004                 2004
                                                     ------                        ----                 ----

                                                                             <c>                 <c>
Current
   Cash                                                                      $       14,118      $       17,698
                                                                                ===========           =========

                                                   LIABILITIES
                                                   -----------
Current
   Accounts payable and accrued liabilities                                  $        5,195      $        6,250
   Due to related party - Note 3                                                      2,155               2,155
                                                                                -----------           ---------
                                                                                      7,350               8,405
                                                                                -----------           ---------

                                                STOCKHOLDERS' EQUITY
                                                --------------------
Preferred stock, $0.001 par value
     10,000,000 shares authorized, none outstanding
Common stock, $0.001 par value
    100,000,000 shares authorized
      3,890,000 (March 31, 2004:  3,890,000) shares issued                            3,890               3,890
Additional paid-in capital                                                           90,610              90,610
Deficit accumulated during the pre-exploration stage                            (    87,732)        (    85,207)
                                                                                -----------           ---------
                                                                                      6,768               9,293
                                                                                -----------           ---------
                                                                             $       14,118      $       17,698
                                                                                ===========           =========
</table>
Nature and Continuance of Operations - Note 1
Commitments - Note 4




                             SEE ACCOMPANYING NOTES

<page>




                                    TARI INC.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
               for the three months ended June 30, 2004 and 2003,
    and for the period May 2, 2001 (Date of Incorporation) to June 30, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------

<table>
<caption>
                                                                                                     May 2, 2001
                                                                                                   (Date of Incor-
                                                                                                    -poration) to
                                                                  Three months ended June 30,         June 30,
                                                                    2004              2003              2004
                                                                    ----              ----              ----

                                                              <c>              <c>                <c>
Expenses
   Audit and accounting fees                                  $            692  $          1,000  $         21,568
   Bank charges                                                             75                55               689
   Consulting fees                                                           -                 -            15,500
   Incorporation costs                                                       -                 -               900
   Legal fees                                                                -                 -            28,768
   Office expenses                                                           -                 -               386
   Resource property - Note 4                                              221             1,500            12,198
   Transfer agent and filing fees                                        1,537             2,217             7,723
                                                                     ---------         ---------         ---------
Net loss for the period                                       $   (      2,525) $   (      4,772) $   (     87,732)
                                                                     ==========        =========         =========
Basic loss per share                                          $   (      0.00)  $   (      0.00)
                                                                     ==========        =========
Weighted average number of shares outstanding                        3,890,000         3,890,000
                                                                     ==========        =========
</table>




                            SEE ACCOMPANYING NOTES

<page>

                                    TARI INC.
                        (A Pre-exploration Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
               for the three months ended June 30, 2004 and 2003,
    and for the period May 2, 2001 (Date of Incorporation) to June 30, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   ------------

<table>
<caption>
                                                                                                      May 2, 2001
                                                                                                    (Date of Incor-
                                                                                                      -poration) to
                                                                   Three months ended June 30,           June 30,
                                                                     2004              2003                2004
                                                                     ----              ----                ----

                                                                 <c>               <c>               <c>
Cash Flows used in Operating Activities
  Net loss for the period                                      $   (     2,525)  $   (     4,772)  $   (    87,732)
  Change  in  non-cash  working capital item related to
   operations:
   Accounts payable and accrued liabilities                             (1,055)            1,000             5,195
                                                                     ---------          --------          --------
                                                                   (     3,580)      (     3,772)      (    82,537)
                                                                     ---------          --------          --------
Cash Flows provided by Financing Activities
   Proceeds from shares issued                                               -                 -            94,500
   Due to related party                                                      -                 -             2,155
                                                                     ---------          --------          --------
                                                                             -                 -            96,655
                                                                     ---------          --------          --------
Increase (decrease) in cash during the period                     (      3,580)           (3,772)           14,118

Cash, beginning of the period                                           17,698            30,773                 -
                                                                     ---------          --------          --------
Cash, end of the period                                        $        14,118   $        27,001   $        14,118
                                                                     =========          ========          ========
Supplemental disclosure of cash flow information:
  Cash paid for:
     Interest                                                  $             -   $             -   $             -
                                                                     =========          ========          ========
     Income taxes                                              $             -   $             -   $             -
                                                                     =========          ========          ========
</table>




                            SEE ACCOMPANYING NOTES

<page>

                                    TARI INC.
                        (A Pre-exploration Stage Company)
                    INTERIM STATEMENT OF STOCKHOLDERS' EQUITY
      for the period May 2, 2001 (Date of Incorporation) to June 30, 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>
Capital stock issued for cash
                      - at $0.01            2,500,000   $        2,500    $       22,500   $            -      $       25,000
Net loss for the period ended
 March 31, 2002                                     -                -                 -    (      39,696)      (      39,696)
                                            ---------        ---------         ---------        ---------           ----------
Balance, March 31, 2002                     2,500,000            2,500            22,500    (      39,696)      (      14,696)
Capital stock subscribed
 pursuant to an offering
 memorandum for cash
                      - at $0.05            1,390,000            1,390            68,110                -              69,500
Net loss for the year ended
 March 31, 2003                                     -                -                 -    (      27,653)      (      27,653)
                                            ---------        ---------         ---------        ---------           ----------
Balance, March 31, 2003                     3,890,000            3,890            90,610    (      67,349)             27,151
Net loss for the year ended
 March 31, 2004                                     -                -                 -    (      17,858)      (      17,858)
                                            ---------       ----------         ---------        ---------           ----------
Balance, March 31, 2004                     3,890,000            3,890            90,610    (      85,207)              9,293
Net loss for the period                                                                     (       2,525)      (       2,525)

                                            ----------      ----------         ----------       ----------          ----------
Balance as at June 30, 2004                 3,890,000   $        3,890    $       90,610   $(      87,732)     $        6,768
                                            ==========      ==========         ==========       ==========          ==========
</table>




                            SEE ACCOMPANYING NOTES

<page>



                                    TARI INC.
                        (A Pre-exploration Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  June 30, 2004
                             (Stated in US Dollars)
                                   (Unaudited)
                                   -----------


Note 1        Interim Reporting
              -----------------

              While information  presented in the accompanying 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.   All  adjustments  are  of  a  normal
              recurring  nature.  It is suggested  that these interim  financial
              statements be read in  conjunction  with the  Company's  March 31,
              2004 financial statements.

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

              These  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 June 30, 2004,  the company has not yet
              attained  profitable  operations and has  accumulated a deficit of
              $87,732  since  inception.  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 necessary
              financing  to meet  its  obligations  and  repay  its  liabilities
              arising from normal business operations when they come due.

Note 3        Due to Related Party
              --------------------

              The  amount due to related  party is due to the  president  of the
              Company. The amount due is non-interest bearing, unsecured and has
              no specific terms for repayment.

Note 4        Commitments
              -----------

              Mining Lease

              By a lease  agreement  effective  May 15, 2001 and  amended  April
              2002,  November 2002,  April 2003 and January 9, 2004, the Company
              was  granted  the  exclusive  right  to  explore  and  mine the SP
              resource property located in Storey County of the State of Nevada.
              The  term  of  this  lease  is  for  20  years,  renewable  for an
              additional  20 years so long as the  conditions  of the  lease are
              met. Minimum payments and performance commitments are as follows:

<page>

Tari Inc.
(A Pre-exploration Stage Company)
Notes to the Financial Statements
June 30, 2004
(Stated in US Dollars) - Page 2
 --------------------

              Minimum Advance Royalty Payments:

                  The  owner  shall be paid a royalty  of 4% of the net  smelter
                  returns from all production.  In respect to this royalty,  the
                  company is required to pay minimum advance royalty payments of
                  the following:

                  - $5,000 upon execution (paid);
                  - $1,250 on or before May 15, 2002 (paid);
                  - $1,500 on or before November 30, 2002 (paid);
                  - $1,500 on or before April 15, 2003 (paid);
                  - $2,000 on January 9, 2004 (paid);
                  - $5,000 on or before July 9, 2004 (paid subsequently);
                  - $10,000 on or before January 9, 2005;  and
                  - $50,000each January 9  thereafter  until  termination of the
                     lease, adjusted based on inflation rates designated by
                     the Consumer Price Index.

                  The Company can reduce the net smelter  return royalty to 0.5%
                  by payment of a buy-out price of $5,000,000.  Advance  royalty
                  payments  made to the date of the  buy-out  will be applied to
                  reduce the buy-out price.

              Performance Commitment:

                  In the event that the Company  terminates the lease after June
                  1, of any year it is  required  to pay all  federal  and state
                  mining claim  maintenance  fees for the next assessment  year.
                  The  Company is required  to perform  reclamation  work in the
                  property  as  required  by  federal  state  and  local law for
                  disturbances  resulting  from the Company's  activities on the
                  property.

<page>

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 quarterly report.


Plan of Operation

Our plan of operation for the twelve months following the date of this report is
to complete the recommended  phase one exploration  program on the SP project in
which we hold a leasehold interest. We anticipate that this program will cost us
$89,000.

In January  2004,  we amended  our mineral  claims  agreement  regarding  the SP
Project  located in Storey  County  Nevada.  We paid the lessor of the  property
$2,000  upon  execution  of the  agreement.  In order to keep the  lease in good
standing,  we must pay the lessor $5,000 by July 9, 2004 (paid on July 5, 2004),
$10,000 by January 9, 2005, and $50,000 per year thereafter.

In addition,  we anticipate spending $11,000 on professional fees and $14,000 on
administrative expenses.

Total  expenditures  over  the  next 12  months  are  therefore  expected  to be
$129,000. Our cash on hand June 30, 2004 was $14,118.  Accordingly, we will need
to raise  additional  funds in order to  complete  the  recommended  exploration
program  on the SP  project  and meet our  other  expected  expenses.  We do not
currently have any arrangements for raising additional funding.

Results of Operations for the first quarter-ended June 30, 2004

We incurred a net loss of $2,525 for the three-month period ended June 30, 2004,
as compared to a loss of $4,772 in the same period in 2003.  The  difference  in
net loss was primarily due to a decrease in professional  fees, filing fees, and
resource  property  costs.  During  the three  months  ended June 30,  2004,  we
incurred transfer agent and filing fees of $1,537 (2003:  $2,217),  professional
fees of $692 (2003: $1,000), and resource property costs of $221 (2003: $1,500).
At the end of the first quarter, we had cash on hand of $14,118. Our liabilities
at the same date totalled $7,350 and consisted of accounts  payable of 5,195 and
$2,155 due to our president.


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 carried out under the supervision and with
the  participation  of  the  Company's   management,   including  the  Company's
President, the Chief Executive Officer, and the Chief Financial Officer.

<page>

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.

PART II  OTHER INFORMATION

Item 1.           Legal Proceedings

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

Item 2.    Changes in Securities

None.

Item 3.    Defaults upon Senior Securities

None.

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

None.

Item 5.    Other Information

None.

Item 6.    Exhibits and Report on Form 8-K

 31.1      Certification 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



There were no reports  filed on Form 8-K during the three  months  period  ended
June 30, 2004.

<page>


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.

                                          Tari Inc.

                                          /s/ Theodore Tsagkaris
                                          ---------------------------
                                          Theodore Tsagkaris
                                          President, Secretary, Treasurer
                                          Chief Executive Officer and Director
                                          (Principal Executive Officer,
                                           Principal Financial Officer and
                                           Principal Accounting Officer)

                                           Dated: July 29, 2004

<page>