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

                                   FORM 10-QSB

(Mark  One)

[X]     QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT  OF  1934

               For  the  quarterly  period  ended  June  30,  2004

[ ]     TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT

               For  the  transition  period  from ___________to__________

               Commission  file  number  000-32747


                              OTISH MOUNTAIN DIAMOND COMPANY
                              ------------------------------
        (Exact name of small business issuer as specified in its charter)


               NEVADA                                      98-0218688
  (State  or  other  jurisdiction  of          (IRS Employer Identification No.)
   incorporation  or  organization)

   One Penn Plaza, Suite 3600, 250 West 34th Street, New York, New York 10119
   --------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (212) 849-6849
                                ---------------
                        (Registrant's telephone number)


                                      N/A
                               ------------------
                            (Former name and address)


     Check  whether  the  registrant  (1)  has 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  [ ]

As  of  August  18,  2004,  38,041,811 shares of Common Stock of the issuer were
outstanding.


<PAGE>


                          PART I. FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS


Pollard-Kelley  Auditing  Services,  Inc.
Auditing  Services
                  3250 WestMarket St, Suite 307, Fairlawn, OH 44333 330-864-2265





               Report of Independent Certified Public Accountants



Board  of  Directors
Otish  Mountain  Diamond  Company  and  Subsidiary

We  have reviewed the accompanying consolidated balance sheets of Otish Mountain
Diamond  Company and Subsidiary as of June 30, 2004 and the related consolidated
statements  of  income, stockholders' equity, and cash flows for the three-month
and  six-month  and since inception periods then ended.  These interim financial
statements  are  the  responsibility  of  the  Company's  management.

We  conducted  our review in accordance with the standards of the Public Company
Accounting  Oversight  Board.  A review of interim financial statements consists
principally  of  applying  analytical procedures and making inquiries of persons
responsible  for  financial and accounting matters.  It is substantially less in
scope  than  an  audit  in  accordance  with the standards of the Public Company
Accounting  Oversight Board, the object of which is the expression of an opinion
regarding  the  financial  statements  taken as a whole.  Accordingly, we do not
express  such  an  opinion.

The  Company  has  not  generated significant revenues or profits to date.  This
factor  among  others  may  indicate the Company will be unable to continue as a
going  concern.  The  Company's continuation as a going concern depends upon its
ability  to  generate  sufficient  cash  flow  to conduct its operations and its
ability to obtain additional sources of capital and financing.  The accompanying
consolidated  financial  statements  do  not  include any adjustments that might
result  from  the  outcome  of  this  uncertainty.

Based  on our review, we are not aware of any material modifications that should
be  made  to  the  accompanying  financial statements in order for them to be in
conformity  with generally accepted accounting principles accepted in the United
States  of  America.

Pollard-Kelley  Auditing  Services,  Inc.



Terance  L  Kelley
Certified  Public  Accountant
August  16,  2004
Fairlawn,  Ohio


<PAGE>


<TABLE>
<CAPTION>

OTISH  MOUNTAIN  DIAMOND  COMPANY  AND  SUBSIDIARY


(An Exploration Stage Company)
BALANCE SHEETS
June 30, 2004
                             ASSETS
<S>                                               <C>             <C>
Current Assets
     Cash in banks                                 $     3,566
                                                   ------------
     Total Current Assets                                3,566
Fixed Assets
     Vehicles                                           16,730
     Office equipment                                    2,475
                                                   ------------
                                                        19,205
     Less accumulated depreciation                      (4,016)
                                                   ------------
                                                        15,189

Other Assets
    Website costs less accumulated
     amortization of $5,790                             20,229
     Mineral rights                                    177,550
                                                   ------------
                                                       197,779
                                                   ------------
     Total Assets                                  $   216,534
                                                   ============

               LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
     Accounts payable                              $    52,227
     Accrued expenses                                   25,536
                                                   ------------
     Total Current Liabilities                          77,763
Long Term Debt
     Advances                                          274,518
Stockholders' Equity
     Series A Preferred stock, 1,000,000 shares
     authorized, 0 shares outstanding,
     par value $.001 per share
     Common stock, 600,000,000 shares
     authorized, 35,407,800 shares outstanding,
     par value $.001 per share                          35,408
     Additional contributed capital                  5,398,103
     Deficit accumulated during exploration stage   (5,569,258)
                                                   ------------
                                                      (135,747)
                                                   ------------
     Total Liabilities and Stockholders' Equity    $   216,534
                                                   ============
</TABLE>


See accompanying notes to financial statements.


<PAGE>



<TABLE>
<CAPTION>

OTISH  MOUNTAIN  DIAMOND  COMPANY  AND  SUBSIDIARY
(An  Exploration  Stage  Company)
STATEMENT  OF  OPERATIONS
For  the  Three  Months  and  Six-Months  June  30,  2004,  and  for  the
     period  beginning  August  4,  2003  (Inception)  through  June  30,  2004


                                      Current       Year to        Since
                                      Quarter         Date       Inception
                                   ------------  ------------  ------------
<S>              <C>                           <C>           <C>           <C>
Revenues
     Sales                         $         -   $         -   $         -

Cost of sales
     Exploration costs                  96,581       167,523       181,810
                                   ------------  ------------  ------------
     Gross Profit                      (96,581)     (167,523)     (181,810)

Expenses
     Administrative                     73,006     5,303,783     5,384,074
                                   ------------  ------------  ------------
                                      (169,587)   (5,471,306)   (5,565,884)

Other income and expenses
     Foreign exchange (loss) gain       (2,068)       (2,647)       (2,207)
                                   ------------  ------------  ------------

Net Loss                           $  (171,655)  $(5,473,953)  $(5,568,091)
                                   ============  ============  ============

Net loss per share                 $         -   $     (0.19)

Average shares outstanding          35,407,811    28,379,207
</TABLE>


See accompanying notes to financial statements.


<PAGE>


<TABLE>
<CAPTION>

OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY
(An Exploration Stage Company)
STATEMENT OF STOCKHOLDERS EQUITY
For the period beginning August 4, 2003 (Inception) through June 30, 2004

                                            Series A                              Additional
                                         Preferred Stock         Common Stock     Contributed    Retained
                                        Shares      Amount     Shares    Amount    Capital       Deficit        Total
                                      -----------  --------  ----------  -------  ----------  ------------  ------------
<S>                                   <C>          <C>       <C>         <C>      <C>         <C>           <C>
Otish Diamond Corporation
Balance August 4, 2003                         -   $     -            -  $     -  $        -  $         -   $         -
  Shares issued for services                   -         -    8,100,000    8,100           -            -         8,100
  Shares issued for cash                       -         -    3,900,000    3,900     170,100            -       174,000
  Shares issued for mineral rights             -         -    3,000,000    3,000      68,250            -        71,250

  Merger with Otish Mountain Company   1,000,000     1,000      107,750      108           -       (1,167)          (59)

  Net loss for the period                      -         -            -        -           -      (94,138)      (94,138)
                                      -----------  --------  ----------  -------  ----------  ------------  ------------
Balance December 31, 2003              1,000,000     1,000   15,107,750   15,108     238,350      (95,305)      159,153
  Shares for services                          -         -   20,300,050   20,300   5,159,753            -     5,180,053
  Redemption of Preferred Shares      (1,000,000)   (1,000)           -        -           -            -        (1,000)
  Net loss for the period                      -         -            -        -           -   (5,473,953)   (5,473,953)
                                      -----------  --------  ----------  -------  ----------  ------------  ------------
                                               -   $     -   35,407,800  $35,408  $5,398,103  $(5,569,258)  $  (135,747)
                                      ===========  ========  ==========  =======  ==========  ============  ============
</TABLE>


See accompanying notes to financial statements.


<PAGE>


<TABLE>
<CAPTION>

OTISH  MOUNTAIN  DIAMOND  COMPANY  AND  SUBSIDIARY
(An  Exploration  Stage  Company)
STATEMENT  OF  CASH  FLOWS
For  the  Three  Months  and  Six-Months  June  30,  2004,  and  for  the
     period  beginning  August  4,  2003  (Inception)  through  June  30,  2004


                                                    Current      Year to        Since
                                                    Quarter        Date       Inception
                                                   ----------  ------------  ------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                <C>         <C>           <C>
  Net loss for the period                          $(171,655)  $(5,473,953)  $(5,568,091)
  Adjustments to reconcile net earnings to net
    cash provided (used) by operating activities:
      Depreciation                                     1,033         2,080         4,016
      Amortization                                     2,139         4,344         5,790
      Services paid by stock                               -     5,180,053     5,188,153
    Changes in Current assets and liabilities:
      (Decrease) Increase in Accounts payable         45,939        34,212        51,976
      Increase in Accrued expenses                   (38,639)        4,289        25,536
                                                   ----------  ------------  ------------
      NET CASH (USED) BY
            OPERATING ACTIVITIES                    (161,183)     (248,975)     (292,620)

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of Mineral rights                               -       (28,555)     (106,300)
  Purchase of Website costs                                -             -       (26,019)
  Purchase of Fixed assets                                 -             -       (19,205)
                                                   ----------  ------------  ------------
      NET CASH (USED) BY
            INVESTING ACTIVITIES                           -       (28,555)     (151,524)

CASH FLOWS FROM FINANCING ACTIVITIES
  Increase in advances                               130,984       274,518       274,518
  Redemption of Preferred stock                       (1,000)       (1,000)       (1,000)
  Sale of Common stock                                     -             -       174,000
                                                   ----------  ------------  ------------
      NET CASH PROVIDED BY
            FINANCING ACTIVITIES                     129,984       273,518       447,518
                                                   ----------  ------------  ------------

NET INCREASE IN CASH                                 (31,199)       (4,012)        3,374
CASH FROM OTISH DIAMOND COMPANY MERGER                     -             -           192
CASH AT BEGINNING OF PERIOD                           34,765         7,578             -
                                                   ----------  ------------  ------------
CASH AT END OF PERIOD                              $   3,566   $     3,566   $     3,566
                                                   ==========  ============  ============
</TABLE>


See accompanying notes to financial statements.


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
----------------------------------------------------------

HISTORY
-------

Otish  Mountain  Diamond  Company  (formerly  First  Cypress,  Inc.),  a  Nevada
corporation,  was  organized  on September 14, 1999. From inception to September
30,  2003,  the  Company  has  not  generated  any  revenues and is considered a
development stage enterprise, as defined in Financial Accounting Standards Board
No.  7.  The  Company  was  in  the  process  of developing an internet computer
software  program  known  as  EngineMax.  Essentially,  software development was
suspended  in  November  2002 due to cash flow constraints. In October 2002, the
Company  acquired certain items constituting the "Money Club Financial" business
concept and business plan. Due to the Company's inability to raise the necessary
equity  capital  to further the Money Club Financial business concept, no monies
were  spent  furthering  the  business  concept  from the date of acquisition to
September  30,  2003.  The  Company  discontinued  its  involvement  in  these
operations  in  the  third  quarter  of  2003.

On  November  30, 2003, the Company successfully acquired 100% of Otish Mountain
Diamond Corp. ("Otish Corp."). The business activities of Otish Corp. became the
business  activities  of  the  Company.  In  connection  with  the  merger  the
capitalization of the Company was amended to reflect a 220:1 reverse stock split
and  to  increase  the  authorized  capital to 600,000,000 shares, consisting of
500,000,000  common shares with a par value of $0.001, and 100,000,000 preferred
shares  with  a  par  value  of  $0.001.  Also,  1,000,000  shares of a Serial A
Preferred were issued for services rendered.  Finally, the then president of the
Company entered into two agreements with the Company; one, assumed all the known
liabilities  of  the  company,  and  the second, agreed to convert debt owed the
president  of  $236,000  into  236,000  shares  of  Company  common  stock.

The  Company's  income  statement at the  date  of  merger  was  as  follows:

     Revenues                            $      -0-

     Expenses:
     Exploration  costs                      36,293
     Administrative                         136,284

          Net  Loss                        $172,577


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  -  CONTINUED
------------------------------------------------------------------------

Otish  Mountain  Diamond Corp. was incorporated in the state of Nevada on August
4,  2003.  The Company is in the mining and exploration business and has mineral
rights  in  the  Otish  Mountain  and  Superior  Craton  regions of Canada.  The
Company's  business  plan  includes  the expansion of its mineral rights and the
mining  of  diamonds.

In  August  and November 2003, the Company issued 3,000,000 shares of its common
stock  and  paid  $77,745  for mineral rights in the Otish Mountain and Superior
Craton  regions  of  Quebec,  Canada.

In the first quarter of 2004 the Company issued 20,300,050 share of common stock
for  services  valued  at  $5,180,053.  Valuation  was  based on the approximate
trading  value  of  the  Company's  shares  on  the  date  issued.

FINANCIAL  STATEMENT  PRESENTATION
----------------------------------

The  Company  was  a  shell  at  the time of the acquisition having only $192 in
assets;  the  acquisition  was  treated as a reverse merger whereby the acquired
company  is  treated  as  the  acquiring company for accounting purposes.  Since
Otish  Corp.,  the  acquired  company   was  incorporated  in  August  2003;  no
comparative  financial  statements  are  presented.

AN  EXPLORATION  STAGE  COMPANY
-------------------------------

The  Company  is  an Exploration Stage Company since it is engaged in the search
for mineral deposits, which are not in the development or productions stage.  As
an  exploration stage company the Company will present, since Inception, results
on  its  statements  of  operations,  stockholders'  equity  and  cash  flows.

CASH  AND  CASH  EQUIVALENTS
----------------------------

For  purposes  of  the  statement  of  cash  flows,  the  Company  considers all
short-term  debt securities purchased with a maturity of three months or less to
be  cash equivalents.  There was no cash paid during the periods for interest or
taxes.


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  -  CONTINUED
------------------------------------------------------------------------

PROPERTY  AND  EQUIPMENT
------------------------

Property  and  equipment are carried at cost.  Maintenance, repairs and renewals
are  expensed  as  incurred.  Depreciation of property and equipment is provided
for  over  their  estimated  useful lives, which range from three to five years,
using  the  straight-lined  method.

MINERAL  RIGHTS
---------------

The Company uses the "full costs method" of accounting for its mineral reserves.
Under  this method of accounting, properties are divided into cost centers.  The
Company  presently  has  two  cost  centers.  All  acquisition, exploration, and
development  costs  for  properties within each cost center are capitalized when
incurred.  The Company intends to deplete these costs equally over the estimated
units  to  be  recovered  from  the  properties.

USE  OF  ESTIMATES
------------------

The  preparation  of  the  consolidated  financial statements in conformity with
generally  accepted  accounting principles requires management to make estimates
and  assumptions  that  affect   certain   reported  amounts   and  disclosures.
Accordingly,  actual  results  could  differ  from  those  estimates.

FOREIGN  CURRENCY  TRANSLATION
------------------------------

The Company's primary functional currency is the Canadian dollar.  For financial
statement  presentation the statements are translated in U.S. dollars.  Monetary
assets  and  liabilities  are  translated  at  year-end   exchange  rates  while
non-monetary  items  are  translated  at  historical  rates.  Income and expense
accounts are translated at the average rates in effect during the period, except
for  depreciation,  which  is  translated  at  historical


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  -  CONTINUED
------------------------------------------------------------------------

rates.  Therefore,  translation  adjustments and transaction gains or losses are
recognized  in  the  income  in  the  period  of  occurrence.

NOTE  2  -  MINERAL  RIGHTS
---------------------------

Otish  Mountain  Diamond  Corporation

On  August 19, 2003 the Company purchased the mineral rights for 60,933 acres in
the  Otish  Mountain  and Superior Craton regions of Quebec, Canada.  The claims
were purchased for $42,506 and 1,250,000 shares of common stock.  The Company is
required  to  spend a minimum of $135 CDN per mining claim on exploration before
the  expiration  date  of each claim.  The Company is required to spend $105 CDN
per  claim  maintenance/renewal  fee  to  the appropriate governmental authority
before  the  expiration  date of the mining claim.  If the Company fails to meet
its  obligations  under  this  agreement  the  seller has the option to make the
expenditures  and  to  reassume  title  to  the  mining  claims.

On  November  4,  2003 the Company purchased the mineral rights for 775 acres in
the  Otish  Mountain  region  of  Quebec, Canada.  The Claims were purchased for
$1,855  and 250,000 shares of common stock.  The Company is required to pay a 2%
royalty  of  the  net  smelter  returns and a 2% royalty on the gross overriding
royalty  as  defined in the agreement.  The Company shall also pay to the seller
$5,000 CDN minimum annual advance royalty beginning on November 1, 2004 and each
year  thereafter.  The  Company  is  also  required to keep the property in good
standing  for  1  year  or the seller shall be entitled to reacquire the claims.

On  November  4, 2003 the Company entered into a joint venture agreement for the
mineral  rights for 15,361 acres in the Otish Mountain region of Quebec, Canada.
The  investment  was  $33,383 and 1,500,000 shares of common stock.  The Company
has  paid  the required claim tax/renewal fees of $12,495 CDN by the due date of
November  27,  2003.  The Company is required to make a minimum advanced royalty
payment  of  $15,000  CDN  once  mining  stage begins.  Royalties are subject to
underlying  royalties  of  2%  of  the  net  smelter returns and 2% of the gross
overriding  royalty  as  defined in the agreement.  The Company total outlay for
the  joint  venture  shall not exceed $375,000 CDN.  The Company owns 45% of the
joint  venture.

At  present  the  Company  has  no  proven  properties.


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  3  -  ADVANCES
--------------------

The  Company received advances  which were converted into shares of common
Stock on July 15,  2004, subsequent to the three months ended June 30, 2004.

NOTE  4  -  SERIES  A  PREFERRED  STOCK
---------------------------------------

Each  share  of  preferred, has 15 votes compared to each share of common, which
has  only  one  vote.  In  the  second  quarter  2004  all outstanding shares of
Preferred  Stock  were  redeemed  for  $1,000.

NOTE  5  -  RELATED  PARTIES
----------------------------

The  Company  owes  the  President  and  shareholder  of the Company $25,536 for
compensation  and  expense  reimbursement  at  June  30,  2004.

The  Company  has  entered  into  an  executive  employment  agreement with this
individual.  The  agreement is for the term of 1 year and calls for compensation
of $5,000 per month, four weeks of vacation, a $3,000 a month housing allowance,
and  an  automobile.

NOTE  6  -  COMMITMENTS
-----------------------

The  Company  has entered into a six-month apartment lease that ends on October,
2004.  The  lease  calls  for  monthly payments of $2,700 CDN.  The apartment is
used  as  a  residence  by  the President of the Company.  Future lease payments
through  October  2004  are  $10,800  CDN.

NOTE  7  -  GOING  CONCERN
--------------------------

The  Company  has  not  generated significant revenues or profits to date.  This
factor  among  others  may  indicate the Company will be unable to continue as a
going  concern.  The  Company's continuation as a going concern depends upon its
ability  to  generate  sufficient  cash  flow  to conduct its operations and its
ability to obtain additional sources of capital and financing.  The accompanying
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.


<PAGE>


                 OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                  June 30, 2004

NOTE  8  -  SUBSQUENT  EVENTS
-----------------------------

On  July 15, 2004, three entities that had previously advanced the Company funds
agreed  to  convert  their aggregate $263,400 of advances into 878,000 shares of
common  stock at $.10 per share of the Company's common stock or an aggregate of
2,634,000  shares  of  common  stock.


<PAGE>


ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

     THIS  REPORT  CONTAINS  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. THE COMPANY'S ACTUAL RESULTS COULD
DIFFER  MATERIALLY  FROM  THOSE SET FORTH ON THE FORWARD LOOKING STATEMENTS AS A
RESULT  OF  THE RISKS SET FORTH IN THE COMPANY'S FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION, GENERAL ECONOMIC CONDITIONS, AND CHANGES IN THE ASSUMPTIONS
USED  IN  MAKING  SUCH  FORWARD  LOOKING  STATEMENTS.

OVERVIEW

     Otish  Mountain Diamond Company was originally incorporated in Nevada under
the  name  First  Cypress  Technologies, Inc. ("First Cypress") on September 14,
1999.  The Company is currently engaged in diamond exploration activities in the
Otish  Mountain  area  of  Northern  Quebec,  Canada.  The  Company  is  in  its
exploration  state  as  it  is  engaged  in  the  search  for  mineral deposits.

     In  July  2003,  the  Company  changed  its name to First Cypress, Inc. The
Company  subsequently  changed  its  name  to  Otish Mountain Diamond Company in
October  2003,  in  anticipation  of  the  acquisition of Otish Mountain Diamond
Corp.,  a  Nevada  corporation  (hereinafter  "Otish  Corp."),  discussed below.

     In  October 2003, the Company issued 1,000,000 shares of Series A Preferred
Stock,  that  are  entitled to fifteen (15) votes per shares (or an aggregate of
15,000,000  votes)  to  Philipp Buschmann. Control of the Company shifted to Mr.
Buschmann  at  that  time.

In  November  2003,  First  Cypress,  Otish  Corp.  and  the former Otish  Corp.
shareholders  entered  into  an  Exchange  Agreement  (the  "Exchange"  or
"Acquisition")  whereby  the Company acquired 100% of the issued and outstanding
shares of Otish Corp. in  exchange for 15,000,000 shares of the Company's common
stock.

     In  June  2004, Philipp Buschmann cancelled the 1,000,00 shares of Series A
Preferred  Stock issued to him in October 2003, discussed above, for $1,000.  As
a  result  of  this  cancellation  the  control  of  the  Company shifted to the
Registrant's  largest shareholder  Massimiliano  Pozzoni, the Registrant's Chief
Executive  Officer  and  a  member  of  its  Board  of  Directors.

Otish  Mountain  Diamond Company, a Nevada corporation, herein being referred to
as  the  "Company"  owns  one  hundred percent (100%) of Otish Corp. A reference
herein  to the Company includes a reference to Otish Corp. and vice-versa unless
otherwise  provided.


<PAGE>


     In  October  2002,  the  Company completed a 5:1 forward stock split of its
issued  and  outstanding  common stock. In October 2003, the Company completed a
1:200  reverse  stock  split  of  its  issued  and outstanding common stock. The
effects of both stock splits have been retroactively reflected in this report on
Form  10-QSB  unless  otherwise  stated.

     The  Company's  functional  currency  is the Canadian Dollar. For financial
statement  presentation  purposes  the statements have been translated into U.S.
Dollars.  All of the monetary values reflected herein are in U.S. Dollars unless
otherwise  stated.

SUBSEQUENT  EVENTS

     On  July  15,  2004 the Company entered into three subscription agreements.
The agreements are each for 878,000 shares of common stock at $0.10 per share of
the Company's common stock.  The agreements will convert $263,400 of advances as
of  June  30,  2004  into  equity  in  the  form  of  shares  of  common  stock.

PLAN  OF  OPERATION

     Otish Mountain Diamond Company is engaged in diamond exploration activities
in  the  Otish  Mountain  area  of Northern Quebec, Canada. The company's claims
encompass  a  total  of  75,000  acres among 8 different properties in the Otish
Mountains region and are located in under-explored areas.  The Company is in its
exploration  stage  as  it  is  engaged in the search for mineral deposits. From
inception  to  June  30,  2004,  the  Company  has  not  generated any revenues.

     On  August  19,  2003,  the Company purchased the mineral rights for 60,933
acres  in  the Otish Mountain and Superior Craton regions of Quebec, Canada. The
claims  were  purchased  for  $42,506  and 1,250,000 shares of common stock. The
Company  is  required  to  spend  a  minimum  of  $135  CDN  per mining claim on
exploration before the expiration date of each claim. The Company is required to
spend  a  minimum  of  $135  CDN  per  mining  claim  on  exploration before the
expiration  date  of  each  claim. The Company is required to spend $105 CDN per
claim  maintenance/renewal  fee to the appropriate governmental authority before
the  expiration  date  of  the  mining  claim.  If the Company fails to meet its
obligations  under  this  agreement  the  seller  has  the  option  to  make the
expenditures  and  to  reassume  title  to  the  mining  claims.

     On  November 4, 2003 the Company purchased the mineral rights for 775 acres
in  the  Otish  Mountain region of Quebec, Canada. The claims were purchased for
$1,855  and  250,000 shares of common stock. The Company is required to pay a 2%
royalty  of  the  net  smelter  returns and a 2% royalty on the gross overriding
royalty  as  defined  in the agreement. The Company shall also pay to the seller
$5,000 CDN minimum annual advance royalty beginning on November 1, 2004 and each
year  thereafter.  The  Company  is  also  required to keep the property in good
standing  for  1  year  or the seller shall be entitled to reacquire the claims.


<PAGE>


     On November 4, 2003 the Company entered into a joint venture agreement with
Miranda  Gold Corp. whereby the Company acquired a 45% interest in the Lac Leran
exploration  project  which  comprises  approximately  15,361 acres, also in the
Otish  Mountain  region  of  Quebec,  Canada.  The  investment  was  $33,383 and
1,500,000  shares  of  the Company's common stock. The Company paid the required
claim  tax/renewal  fees  of $12,495 CDN by their due date of November 27, 2003.
The  Company paid a minimum advanced royalty payment of $15,000 CDN with respect
to  Lac  Leran.  Royalties  are subject to underlying royalties of 2% of the net
smelter  returns  and  2%  of  the  gross  overriding  royalty as defined in the
agreement.  Under the terms of the agreement, the Company's total outlay for the
joint  venture  will  not  exceed  $375,000  CDN.

     Hereinafter  the  mineral rights acquired in the Otish Mountain or Superior
Craton  regions of Quebec, Canada, including the joint venture in Lac Leran, are
collectively  referred  to  as  the  "Otish  Mountain  Claims."

     At  present  the  Company  has  no  proven  properties.

     The  Company  is  conducting  a two-year diamond exploration program in the
Otish  Mountain  area  of  Northern  Quebec  with  respect to the Otish Mountain
Claims.  The  Company  estimates  that  the  cost  of  the  exploration program,
including  the costs to purchase additional mining claims, will be $350,000. The
exploration  program  is past the first stage. After conducting extensive aerial
surveys  on  75,000  acres  of mining claims, several geophysical anomalies have
been  identified.  The  first  part of the Company's ground sampling program has
been  completed,  116  samples were collected, CAD $40,000 was advanced out of a
total  expected  expenditure  of  CAD  $100,000.  There  has also been a renewed
interest for diamond exploration in the area. Ashton Mining of Canada and SOQUEM
Inc.  are  investing  in a feasibility study for a  potential  diamond  mine  on
their  Foxtrot  property  which  is  located  25 miles west  of  our  Lac  Leran
joint  venture  project.

     During  the  quarter  ended  June  30,  2004,  the Company announced ground
sampling  results  for  the  Lac  Leran  JV  project which is in its preliminary
stages.  One  of  the samples returned positive indicator minerals revealing two
grains  of  chromite  and  one  grain  of  ilmenite.

     During  the  next twelve months there are no expected purchases or sales of
plant  and  significant  equipment.  The Company does not expect any significant
changes  in  the  number  of  employees  during  the  next  twelve  months.

OPERATING  RESULTS

RESULTS  OF  OPERATIONS  FOR  THE  THREE  MONTHS  ENDED  JUNE  30,  2004

     The  Company was a shell at the time of the acquisition having only $192 in
assets;  the  acquisition  was  treated as a reverse merger whereby the acquired
company is treated as the acquiring company for accounting purposes. Since Otish
Corp.,  the acquired company was incorporated in August 2003; and no comparative
financial  statements  are  presented

     The  Company's  functional  currency  is the Canadian Dollar. For financial
statement  presentation  purposes  the statements have been translated into U.S.
Dollars.  All  of  the  monetary  values  reflected  herein  are  in  U.S.
Dollars  unless  otherwise  stated.

     The Company had no revenues for the quarter ended June 30, 2004 and has not
generated  revenues  since inception. The Company has incurred exploration costs
of  $96,581  for  the  three  months  ended  June 30, 2004. The Company incurred
administrative  expenses  of  $73,006  for  the three months ended June 30, 2004
attributable  to salaries, office expenses, investor relations, and professional
fees.  Additionally,  $2,068  was  lost  due  to  foreign  exchange.


<PAGE>


     The  Company is in its exploration state as it is engaged in the search for
mineral  deposits.  The  Company has not generated any revenues since inception.
The  Company incurred a net loss of $171,655 for the three months ended June 30,
2004.  The  net  loss  was  due  to  $96,581 of exploration costs and $73,006 of
administrative  expenses.

As  of  June  30,  2004,  the  Company had an accumulated deficit of $5,569,258.

LIQUIDITY  AND  CAPITAL  RESOURCES

     As  of  June  30,  2004, the Company had cash of $3,566, which was its only
current  asset.  The  Company  had  total  current  liabilities of $77,763 which
consisted  of  accounts payable of $52,227 and accrued expenses of $25,536.  The
Company had negative working capital of $74,197.  The ratio of current assets to
current  liabilities  was  4.6%.

     The  Company had negative cash flows from operations of $161,183 during the
three  months  ended  June  30,  2004.  This  was primarily due to a net loss of
$171,655 which was offset by positive adjustments of $1,033 for depreciation and
$2,139  for  amortization,  and  an  increase  in  accounts  payable of $45,939.
Accrued  expenses  decreased by $38,639 during the three month period ended June
30,  2004,  which  constituted  an  additional  use  of  cash.

     During  the three months ended June 30, 2004, the Company had no cash flows
from  investing  activities.

     The Company had $129,984 of cash provided by financing activities including
$130,984  from  an  increase  in  advances offset by $1000 for the redemption of
common  stock.

     In  November  2003,  Robert Rosner, the Company's former President, entered
into an agreement with the Company, whereby Mr. Rosner agreed to convert debt of
approximately  $232,120 into 236,120 shares of Company common stock.  As of June
30,  2004,  the  Company  had  not issued Mr. Rosner the shares of common stock.

     If,  as  a  result  of  the  exploration, the Company discovers an economic
deposit  of  rough diamonds, the Company will execute a feasibility plan for the
development  of  a  mining  operation,  at  which  time  the  Company  will need
$5,000,000  of  additional  funding  to  execute the plan and develop the mining
operation.  In  the event that, after completion of the exploration program, the
Company  has  not  discovered an economic deposit of rough diamonds, the Company
will  consider  other  high  potential  exploration  projects. At such time, the
Company  will  need  $200,000  of  additional  financing  for  such  exploration
projects.


<PAGE>


     The  Company  raised  $300,000  from  three  entities  and an individual in
October 2003 for exploration on the Otish Mountain Diamond Claims.  During 2004,
the Company received advances of $263,400.  Subsequent to June 30, 2004, the
advances were converted into 2,634,000 shares of our common stock.

     The  Company  believes  that  it  can  satisfy  its cash requirements until
September  30,  2004.  However,  it  is  imperative  that  the  Company  raises
additional  capital  for  the  ongoing  exploration  work  on the Otish Mountain
claims.  The  Company  will  require  an  aggregate  of  $350,000  of additional
financing within the next twelve months  for  its  exploration  program  and for
administrative  expenses.

     The  Company  is  in  continued  discussions  with several parties to raise
additional  capital.  The  Company  does not have any commitments for additional
financing. The Company has no commitments from officers, directors or affiliates
to  provide  funding.  There  can  be  no assurance that any new capital will be
available  to  the Company or that adequate funds will be sufficient for Company
operations,  whether from the Company's financial markets, or other arrangements
will  be  available  when  needed  or  on  terms satisfactory to the Company. If
adequate  funds  are  not  available  to us on acceptable terms, we will have to
implement our exploration program and feasibility plan on a smaller scale or, in
the  event  that we do not discover an economic deposit of rough diamonds on the
Otish  Mountain  Claims,  forgo engaging in high potential exploration projects.
Even  if  we are able to fully implement our exploration program and feasibility
plan, the failure to obtain adequate financing may require the Company to delay,
curtail or scale back some or all of its operations. In the event that we do not
discover  an economic deposit of rough diamonds on the Otish Mountain Claims and
do  not  obtain  adequate  financing  to  engage  in  high potential exploration
projects,  we  will  cease  operations.

     The Company owed the President and Shareholder of the Company, Massimiliano
Pozzoni, $25,536 for compensation and expense reimbursement as of June 30, 2004.
The  Company  also  has  entered into an executive employment agreement with Mr.
Pozzoni  for  the  term of 1 year for compensation of $5,000 per month, a $3,000
housing  allowance and the use of a company automobile that Mr. Pozzoni holds in
trust  on  behalf  of  the  Company.

RISK  FACTORS

     Inherent  Risk.  The  mineral  exploration program is inherently risky. The
Company  designed the exploration program to continue for two years in search of
an  economic deposit of rough diamonds on the Otish Mountain Claims. The Company
estimates  that  its  exploration  program, including the purchase of additional
mining  claims,  will  cost  approximately  $350,000  in  capital resources. The
Company will need to raise approximately $200,000 to complete its program. There
is  no assurance that financing will be available on favorable terms, if at all,
and  the  issuance  of any new securities is likely to have a dilutive effect on
current  shareholders. If, at the completion of the exploration program, we have
not  discovered  an  economic  deposit  of  rough diamonds on the Otish Mountain
Claims,  it  would  have a materially adverse effect upon our ability to conduct
future  exploration  on  the  property  or any other property and our ability to
continue  as  a  going  concern.


<PAGE>


      Risk  That  We  Do  Not Meet Our Obligations Under Various Agreements.  We
have  purchased  the  mineral rights for acreage in the Otish Mountain region of
Quebec,  Canada,  which requires us to make minimum payments pursuant to various
agreements.  In  the event the Company does not satisfy its obligations pursuant
to  such  agreements,  the  sellers  are  entitled  to  reacquire  the  claims.

     Dependence  on External Financing.  In the event that the Company discovers
an economic deposit of rough diamonds on Otish Mountain Claims, the Company will
need approximately $2 million of additional financing, if not more, to execute a
feasibility  plan  for the development of a mining operation on the property. If
we  are  unable to raise this capital, it would have a materially adverse effect
upon  our  ability  to  continue  as  a  going  concern.

     Reliance  on  Key  Management.  Our  success  is  highly  dependent  on the
competency  and  dedication  of  our  key  management  team that consists of the
following  three  people: 1) Massimiliano Pozzoni, President and Chief Executive
Office;  2)  Ben  Carter, member of the board; and 3) Jim Chapman, member of the
board.  Effective  September  1,  2003,  the  Company entered into an Employment
Agreement  with  Mr.  Pozzoni  for  his  services as Chief Executive Officer and
President.  If  either  Mr. Pozzoni, Mr. Carter or Mr. Chapman were to leave us,
it  could  have  a  materially  adverse effect upon our business and operations.

     Dependence  on  Favorable  Weather Conditions. The timely completion of our
exploration  program  within the estimated budget is dependent upon our forecast
of  unfavorable weather conditions in the Otish Mountain area of Quebec, Canada.
Rain  storms, snow storms, cloudy skies and adverse magnetic storms could hinder
part  of the preliminary exploration program. We forecast that the weather could
be  unfavorable  during  30%  of the calendar year. If the aggregate duration of
unfavorable  weather  conditions within the two-year period of time intended for
the  exploration  program is not within our forecast, it would have a materially
adverse  effect upon our ability to complete the exploration program on a timely
basis  within  the  estimated  budget.

     Our Auditors Have Expressed Substantial Doubt About Our Ability to Continue
As a Going Concern. Pollard-Kelley Auditing Services, Inc., in their independent
auditors'  report,  have  expressed  "substantial  doubt"  as  to our ability to
continue  as  a  going  concern based on operating losses we have incurred since
inception.  Our  financial  statements do not include any adjustments that might
result  from the outcome of that uncertainty. The going concern qualification is
also  described  below  under  the  heading  "Critical  Accounting  Policies."

CRITICAL  ACCOUNTING  POLICIES

     Our  discussion  and  analysis  of  our  financial condition and results of
operations  is  based upon our financial statements, which have been prepared in
accordance  with  accounting principals generally accepted in the United States.
The  preparation of these financial statements requires us to make estimates and
judgments  that affect the reported amounts of assets, liabilities, revenues and
expenses,  and  related disclosure of any contingent assets and liabilities.  On
an  on-going  basis,  we  evaluate  our  estimates,  including  those related to
uncollectible  receivable, investment values, income taxes, the recapitalization
and contingencies.  We base our estimates on various assumptions that we believe
to  be  reasonable  under the circumstances, the results of which form the basis
for  making  judgments  about carrying values of assets and liabilities that are
not  readily  apparent from other sources.  Actual results may differ from these
estimates  under  different  assumptions  or  conditions.


<PAGE>


     We  believe  the  following  critical  accounting  policy  affects our more
significant  judgments  and  estimates  used in the preparation of our financial
statements:

     Going  Concern.  The Company is in its exploration stage as it is in search
of  mineral  deposits  and  has  not found any proven or probable reserves.  The
Company  has not generated any revenues or profits to date.  These factors among
others  indicate  that the Company may be unable to continue as a going concern,
particularly in the event that it cannot obtain additional financing to continue
its  exploration  for  proven  or  probable  reserves,  as discussed in "Item 2.
Management's  Discussion  and  Analysis or Plan of Operation" under the headings
"Liquidity   and   Capital   Resources"   and   "Risk  Factors."  The  Company's
continuation  as a going concern depends upon its ability to generate sufficient
cash flow to conduct its operations and its ability to obtain additional sources
of  capital and financing.  The accompanying financial statements do not include
any  adjustments  that  might  result  from  the  outcome  of  this uncertainty.

     Mineral  Rights.  The Company uses the"full costs method" of accounting for
its  mineral  reserves.  Under this method of accounting, properties are divided
into  cost   centers.  The   Company  presently   has   two  cost  centers.  All
acquisition,  exploration, and development costs for properties within each cost
center  are  capitalized  when  incurred.  The  Company intends to deplete these
costs equally over the estimated units to be recovered from the properties.  The
Company has capitalized $177,550 of mineral rights.  The Company has not taken a
valuation allowance regarding the possibility that it may not be able to recover
any  of  these  costs  considering the facts that it has not found any proven or
probable  reserves  and is in need of additional financing.  If the Company does
not  find  such  reserves and/or does not receive additional financing, it would
have  a material adverse effect on the Company's ability to recover the costs of
the  mineral  rights.

     Foreign Currency Translation.  The Company's primary functional currency is
the  Canadian  Dollar.  For  financial statement presentation the statements are
translated  in  U.S. dollars.  Monetary assets and liabilities are translated at
year-end  exchange  rates  while non-monetary items are translated at historical
rates.  Income  and  expense  accounts  are  translated  at the average rates in
effect  during  the  period,  except  for  depreciation,  which is translated at
historical  rates.  Therefore,  translation adjustments and transaction gains or
losses  are  recognized  in the income in the period of occurrence.  The Company
recognized  a  foreign  exchange  loss  during  the  period ended June 30, 2004,
however, due to fluctuations in the price of the Canadian Dollar relative to the
U.S. Dollar, the Company could continue to  recognize a foreign exchange loss in
the  future.


<PAGE>


ITEM  3.   CONTROLS  AND  PROCEDURES

(a)  Evaluation  of  disclosure  controls  and  procedures.  Our chief executive
     officer  and chief financial officer, after evaluating the effectiveness of
     the  Company's  "disclosure  controls  and  procedures"  (as defined in the
     Securities  Exchange  Act  of 1934 Rules 13a-15(e) and 15d-15(e)) as of the
     end of the period covered by this quarterly report (the "Evaluation Date"),
     has  concluded  that as of the Evaluation Date, our disclosure controls and
     procedures  were  adequate and designed to ensure that material information
     required  to  be  disclosed  by the Company in the reports that it files or
     submits  under  the  Exchange  Act  of  1934  is  1)  recorded,  processed,
     summarized  and  reported,  within  the  time  periods  specified  in  the
     Commission's rules and forms; and 2) accumulated and communicated to him as
     appropriate  to  allow  timely  decisions  regarding  required disclosure..

(b)  Changes  in  internal  control  over  financial  reporting.  There  were no
     significant changes in our internal control over financial reporting during
     our most recent fiscal quarter that materially affected, or were reasonably
     likely to materially affect, our internal control over financial reporting.

                          PART  II  -  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     None.


ITEM  2.  CHANGES  IN  SECURITIES

(a)  On  June  18,  2004,  Philipp  Buschmann  cancelled 1,000,000 shares of the
     Registrant's  Series  A Preferred Stock having fifteen (15) votes per share
     (or  an aggregate of 15,000,000) votes in exchange for $1,000 (or $.001 per
     share).


<PAGE>


(c)  In  August  2004, we issued 878,000 shares of our common stock, $.00001 par
     value  per  share,  to  three  unaffiliated  entities  ("Investors")(or  an
     aggregate of 2,634,000 shares). The shares were issued in consideration for
     the  conversion  of  $87,800  by each entity or an aggregate of $263,400 in
     advances  given  to  the Company previously by each entity. The shares were
     not  registered  under  the  Act.  The  Company  claims  an  exemption from
     registration  afforded  by  Section  4(2)  of  the Act, since the foregoing
     issuances  did not involve a public offering, the recipient took the shares
     for  investment and not resale and the Company took appropriate measures to
     restrict  transfer.  The Company also claims an exemption from registration
     afforded  by  Regulation  S  promulgated  under  the  Act.


ITEM  5.  OTHER  INFORMATION

     Prior  to the cancellation of 1,000,000 shares of the Registrant's stock by
Mr.  Buschmann  on  June  18, 2004, he voted 29.8% of the eligible votes and
exercised  significant  control   over   the  Registrant.   Subsequent  to   the
cancellation,  the Registrant's largest shareholder is Massimiliano Pozzoni, the
Registrant's Chief Executive Officer and a member of its Board of Directors. Mr.
Pozzoni  owns  5,500,000  shares (or 15.5%) of the Registrant's common stock and
will  exercise  significant influence over the Registrant. The Registrant's next
largest  shareholder  owns approximately 7.8%. Mr. Pozzoni is also a Director of
Falcon  Natural  Gas  Corp.


ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

a)     Exhibits

     Exhibit  No.          Description


     10.1             Executive  Employment  Agreement  with
                      Massimiliano  Pozzoni                              (1)


     31.1             Certificate  of  the  Chief  Executive
                      Officer  and  Chief  Financial  Officer
                      pursuant  to  Section  302  of  the  Sarbanes-
                      Oxley  Act  of  2002                                 *

     32.1             Certificate  of  the  Chief  Executive
                      Officer  and  Chief  Financial  Officer
                      pursuant  to  Section  906  of  the  Sarbanes-
                      Oxley  Act  of  2002                                 *

     (1)  Filed  as  Exhibit  10.2 to report on Form 8-K filed  on  December  3,
2003,  and  incorporated  herein  by  reference.

*  Filed  Herein.


b)     REPORTS  ON  FORM  8-K

     The  Company  filed  a  Form  8-K  on June 25, 2004, to report that Philipp
Buschmann,  who  had  owned  29.8%  of  the  eligible votes cancelled  1,000,000
shares  of  the  Registrant's Series A Preferred Stock having fifteen (15) votes
per  share  (or  an  aggregate  of  15,000,000) votes in exchange for $1,000 (or
$.001  per  share).


<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.

                                   OTISH  MOUNTAIN  DIAMOND  COMPANY

DATED:  August 23,  2004                    By:  /s/  Massimiliano  Pozzoni
                                             ------------------------
                                             Massimiliano  Pozzoni
                                             Chief  Executive  Officer  and
                                             Chief  Financial  Officer


<PAGE>


EXHIBIT  31.1


CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO
SECTION  302  OF  THE  SARBANES-OXLEY  ACT  OF  2002

I,  Massimiliano  Pozzoni,  certify  that:

1.  I  have  reviewed  this  quarterly  report  on Form 10-QSB of Otish Mountain
Diamond  Company.

2.  Based  on my knowledge, this report does not contain any untrue statement of
a  material  fact  or  omit  to  state  a  material  fact  necessary to make the
statements  made, in light of the circumstances under which such statements were
made,  not  misleading  with  respect  to  the  period  covered  by this report;

3.  Based  on  my  knowledge,  the  financial  statements,  and  other financial
information included in this report, fairly present in all material respects the
financial  condition, results of operations and cash flows of the small business
issuer  as  of,  and  for,  the  periods  presented  in  this  report;

4.  As  the  small  business  issuer's  certifying officer, I am responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-15(e) and 15d-15(e)) for the small business issuer and
have:

a)   Designed such disclosure controls and procedures, or caused such disclosure
     controls and procedures to be designed under my supervision, to ensure that
     material  information  relating to the small business issuer, including its
     consolidated  subsidiaries,  is  made  known  to  me by others within those
     entities,  particularly  during  the  period  in which this report is being
     prepared;

b)   Paragraph  omitted in accordance with SEC transition instructions contained
     in  SEC  Release  No.  33-8238;

c)   Evaluated  the  effectiveness  of  the  small  business issuer's disclosure
     controls  and  procedures and presented in this report my conclusions about
     the  effectiveness of the disclosure controls and procedures, as of the end
     of  the  period  covered  by  this  report  based  on  such evaluation; and

d)   Disclosed in this report any change in the small business issuer's internal
     control  over  financial  reporting that occurred during the small business
     issuer's  most  recent  fiscal  quarter (the small business issuer's fourth
     fiscal  quarter  in  the  case  of  an  annual  report) that has materially
     affected,  or is reasonably likely to materially affect, the small business
     issuer's  internal  control  over  financial  reporting;  and


<PAGE>


5.  I  have  disclosed,  based  on my most recent evaluation of internal control
over  financial reporting, to the small business issuer's auditors and the audit
committee  of  the  small  business  issuer's  board  of  directors  (or persons
performing  the  equivalent  functions):

a)   All  significant  deficiencies  and  material  weaknesses  in the design or
     operation of internal control over financial reporting which are reasonably
     likely  to  adversely affect the small business issuer's ability to record,
     process,  summarize  and  report  financial  information;  and

b)   Any  fraud,  whether  or  not  material,  that involves management or other
     employees  who  have  a  significant  role  in  the small business issuer's
     internal  control  over  financial  reporting.

Date:  August 23,  2004


                                   By:  /s/  Massimiliano  Pozzoni
                                   -------------------------------
                                   Massimiliano  Pozzoni,
                                   Chief  Executive  Officer  and
                                   Chief  Financial  Officer


<PAGE>


EXHIBIT  32.1


CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY
                                   ACT OF 2002


I, Massimiliano Pozzoni, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant  to  Section  906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Otish Mountain Diamond Company on Form 10-QSB for the quarterly period
ended  June  30,  2004  fully complies with the requirements of Section 13(a) or
15(d)  of  the Securities Exchange Act of 1934 and that information contained in
such  Form  10-QSB  fairly  presents  in  all  material  respects  the financial
condition  and  results  of  operations  of  Otish  Mountain  Diamond  Company.

Date:  August 23,  2004

                                   By:  /s/  Massimiliano  Pozzoni
                                       -------------------------------
                                       Massimiliano  Pozzoni,
                                       Chief  Executive  Officer  and
                                       Chief  Financial  Officer


<PAGE>