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 March 31, 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 May 24, 2004, 35,407,811 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 West Market 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 March 31, 2004 and the related consolidated
statements  of  operations,  stockholders'  equity, and cash flows for the three
months  then  ended,  year  to  date,  and  since  inception, in accordance with
standards established by the American Institute of Certified Public Accountants.
All  information included in these financial statements is the representation of
the  management  of  Otish  Mountain  Diamond  Company  and  Subsidiary.

A  review  consists principally of inquiries of company personnel and analytical
procedures applied to financial data.  It is substantially less in scope than an
audit  in  accordance  with generally accepted auditing standards, 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 March 31, 2004 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
May  17,  2004
Fairlawn,  Ohio

<PAGE>

<TABLE>
<CAPTION>

OTISH MOUNTAIN DIAMOND COMPANY AND SUBSIDIARY
(An Exploration Stage Company)
BALANCE SHEETS
March 31, 2004

  ASSETS
<S>                                                <C>
Current Assets
  Cash in banks                                    $    34,765
                                                   ------------
       Total Current Assets                             34,765
Fixed Assets
  Vehicles                                              16,730
  Office equipment                                       2,475
                                                   ------------
                                                        19,205
  Less accumulated depreciation                         (2,983)
                                                   ------------
                                                        16,222
Other Assets
  Website costs less accumulated
       amortization of $3,651                           22,368
  Mineral rights                                       177,550
                                                   ------------
                                                       199,918
                                                   ------------
       Total Assets                                $   250,905
                                                   ============

  LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Accounts payable                                 $     6,288
  Accrued expenses                                      64,175
                                                   ------------
       Total Current Liabilities                        70,463
Long Term Debt
  Advances                                             143,534
Stockholders' Equity
  Series A Preferred stock, 1,000,000 shares
       authorized, 1,000,000 shares outstanding,
       par value $.001 per share                         1,000
  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      (5,397,603)
                                                   ------------
                                                        36,908
                                                   ------------
</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 Ended March 31, 2004 and Year to Date 2004 and for the
     period beginning August 4, 2003 (Inception) through March 31, 2004

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

Cost of sales
  Exploration costs                  70,942        70,942        85,229
                                ------------  ------------  ------------
       Gross Profit                 (70,942)      (70,942)      (85,229)

Expenses
  Administrative                  5,230,777     5,230,777     5,311,068
                                ------------  ------------  ------------
                                 (5,301,719)   (5,301,719)   (5,396,297)

Other income and expenses
  Foreign exchange (loss) gain         (579)         (579)         (139)
                                ------------  ------------  ------------

Net Loss                        $(5,302,298)  $(5,302,298)  $(5,396,436)
                                ============  ============  ============

Net loss per share              $     (0.25)  $     (0.25)

Average shares outstanding       21,350,615    21,350,615
</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 March 31, 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

  Net loss for the period                     -        -           -        -           -   (5,302,298)   (5,302,298)
                                      ---------  -------  ----------  -------  ----------  ------------  ------------
                                      1,000,000  $ 1,000  35,407,800  $35,408  $5,398,103  $(5,397,603)  $    36,908
                                      =========  =======  ==========  =======  ==========  ============  ============
</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 Ended March 31, 2004 and Year to Date 2004 and for the
     period beginning August 4, 2003 (Inception) through March 31, 2004

                                                     Current        Year to      Since
                                                     Quarter         Date       Inception
                                                   ------------  ------------  ------------
<S>                                                <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss for the period                          $(5,302,298)  $(5,302,298)  $(5,396,436)
  Adjustments to reconcile net earnings to net
    cash provided (used) by operating activities:
      Depreciation                                       1,047         1,047         2,983
      Amortization                                       2,205         2,205         3,651
      Services paid by stock                         5,180,053     5,180,053     5,188,153
    Changes in Current assets and liabilities:
      (Decrease) Increase in Accounts payable          (11,727)      (11,727)        6,037
      Increase in Accrued expenses                      42,928        42,928        64,175
                                                   ------------  ------------  ------------

      NET CASH (USED) BY
            OPERATING ACTIVITIES                       (87,792)      (87,792)     (131,437)

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

      NET CASH (USED) BY
            INVESTING ACTIVITIES                       (28,555)      (28,555)     (151,524)

CASH FLOWS FROM FINANCING ACTIVITIES
  Increase in advances                                 143,534       143,534       143,534
  Sale of Common stock                                       -             -       174,000
                                                   ------------  ------------  ------------

      NET CASH PROVIDED BY
            FINANCING ACTIVITIES                       143,534       143,534       317,534
                                                   ------------  ------------  ------------

NET INCREASE IN CASH                                    27,187        27,187        34,573
CASH FROM OTISH DIAMOND COMPANY MERGER                       -             -           192
CASH AT BEGINNING OF PERIOD                              7,578         7,578             -
                                                   ------------  ------------  ------------
CASH AT END OF PERIOD                              $    34,765   $    34,765   $    34,765
                                                   ============  ============  ============
</TABLE>


See accompanying notes to financial statements.

<PAGE>


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

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 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

                                 March 31, 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

                                 March 31, 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.

WEBSITE  DEVELOPMENT  COSTS
---------------------------

The  Company  has expended $26,019 in website development costs through December
31, 2003 for internal use software.  These cost are being amortized over a three
year  estimated  life.

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

                                 March 31, 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  Company

April 16, 2003, the Company entered into an option agreement whereby it acquired
an  exclusive  option  to  purchase a 70% undivided interest in the Eddy mineral
claims  (the  "Eddy  Claim")  in  the  Fort  Steele  Mining  District of British
Columbia,  Canada.  The  issuance  of common shares and exploration expenditures
under  this  agreement  are  as  staged  as  follows:
<TABLE>
<CAPTION>



                                 Shares   Expenditures
<S>                              <C>      <C>
On original agreement (issued)   200,000  $         -0-
      Pre reverse split shares
Before April 16, 2004            150,000         75,000
Before April 16, 2005            150,000        150,000
Before April 16, 2006            150,000        250,000
Before April 16, 2007                  0        300,000

                                 650,000       $775,000

</TABLE>




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

<PAGE>

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

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 2004

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

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 by January 20, 2004.  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.

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

The  advances  are  funds  raised  by  management  for  the  Company.  It is the
Company's  intention  to  convert these funds into shares of common stock during
the  second  quarter  of  2004.

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

Each  share  of preferred outstanding at March 31, 2004 has 15 votes compared to
each  share  of  common,  which  has  only  one  vote  per  share.

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

The  Company  owes  the  President  and  shareholder  of the Company $32,630 for
compensation  and  expense  reimbursement  at  March  31,  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  CDN  per

<PAGE>

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

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 2004

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

month,  four  weeks  of vacation, a $3,000 CDN a month housing allowance, and an
automobile.

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

The  Company  has entered into a six-month apartment lease that ends on April 9,
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  April  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>

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  has not generated any revenues since inception. The Company
was  in the process of developing an internet computer software program known as
EngineMax.  The  Company  suspended software development in November 2002 due to
cash  flow  restraints.  In  October  2002,  the  Company acquired certain items
constituting  the  "Money  Club  Financial"  business  concept,  but  due to the
Company's inability to raise additional capital to further the business concept,
the  Company  discontinued  these  operations  in the third quarter of 2003. The
Company  is  currently  engaged  in  diamond exploration activities in the Otish
Mountain  area  of  Northern Quebec, Canada through its wholly-owned subsidiary,
Otish  Mountain Diamond Corp., a Nevada corporation (hereinafter "Otish Corp.").
The Company's business plan includes the expansion of its mineral rights and the
mining  of diamonds. The Company is in its exploration stage as it is engaged in
the  search  for  mineral  deposits.

     In  October  2003,  the  Company changed its name to Otish Mountain Diamond
Company  in  anticipation  of  the  acquisition of Otish Corp., discussed below.
Otish  Corp.  was  incorporated  in  the  State  of  Nevada  on  August 4, 2003.

     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. The Series A Preferred Stock is redeemable at $.05 per
share  (or  $50,000).  The  Company  plans  to  enter into negotiations with Mr.
Buschmann  concerning  the  redemption  of  the  Series  A  Preferred  Stock.

     In  November  2003,  the  Company,  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.  The  Company  also paid $77,745 for mineral rights in the Otish Mountain
and  Superior  Craton  regions  of  Quebec,  Canada.

<PAGE>

     During  the  first quarter of 2004, the Company issued 20,300,050 shares of
its  common  stock  for  an  aggregate  of $5,180,053 for consulting services in
connection with mergers and acquisitions. 20,000,000 of these shares were issued
pursuant to the Company's 2004 Non-Qualified Stock Option Plan. The value of the
issuances  was  based  on  the approximate trading value of the Company's common
stock  on  the  date  issued.

     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.

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

     The  Company  owned  an  option to purchase a 70% undivided interest in the
Eddy  Mineral  Claims  in  the  Fort Steele Mining District of British Columbia,
Canada. Note 2, Notes to Financial Statements, provides further detail regarding
the  Company's  obligations with respect to the Eddy Mineral Claims. Exploration
expenditures  of  $75,000  and  the  issuance of 150,000 shares of the Company's
common  stock  became  due  on  the  Eddy  Mineral Claims on April 16, 2004. The
Company  abandoned  the  Eddy  Mineral  Claims and did not incur the exploration
expenditures  or  issue  the  shares.  The  Company's option on the Eddy Mineral
Claims  has  expired.

PLAN OF OPERATION

     Otish Mountain Diamond Company is engaged in diamond exploration activities
in  the  Otish  Mountain  area of Northern Quebec, Canada. The Company is in its
exploration  stage  as  it  is  engaged in the search for mineral deposits. From
inception  to  March  31,  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.

<PAGE>

     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 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."

     The  Company  believes  that  it  can  satisfy  its cash requirements until
September  30,  2004. It is imperative that the Company raise 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. At this
time,  no other additional financing has been secured or identified. 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 private sources, or that other arrangements will
be  available  when  needed or on terms satisfactory to the Company. If adequate
funds  are  not  available  to the Company on acceptable terms, the Company will
have  to  delay,  curtail  or  scale  back  some  or  all  of  its  operations.

     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. Ground samples will be collected during the months of June and
July,  when  snow  melts  in the Northern part of the Province of Quebec. In the
meantime, there has 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  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.

<PAGE>

OPERATING RESULTS

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 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 is in its exploration stage as it is engaged in the search for
mineral  deposits.  The  Company has not generated any revenues since inception.

     The  Company  incurred  exploration  costs  of $70,942 for the three months
ended March 31, 2004. The Company incurred administrative expenses of $5,230,777
for  the  three  months  ended  March 31, 2004. The administrative expenses were
principally  attributable  to the issuance of 20,300,050 shares of the Company's
common stock for an aggregate $5,180,053 of various services including financial
and  consulting  services,  introductions  for  land  acquisitions, and business
development.  20,000,000  of  these shares were issued pursuant to the Company's
2004  Non-Qualified  Stock  Option Plan. The value of the issuances was based on
the  approximate trading value of the Company's common stock on the date issued.

     The  Company  incurred  a net loss of $5,302,298 for the three months ended
March  31,  2004.  The  net  loss  was  due  to $70,942 of exploration costs and
$5,230,777  of  administrative expenses principally attributable to the issuance
of  20,300,050  shares  of  the  Company's  common  stock,  discussed above. The
expenses  were  offset  by  $579  of  foreign  exchange  gain.

     As  of March 31, 2004, the Company had an accumulated deficit of $5,397,603
which  was principally attributable to the non-cash payment of 20,300,050 shares
of  the  Company's  common  stock in exchange for consulting services, discussed
above.

LIQUIDITY AND CAPITAL RESOURCES

     As  of  March 31, 2004, the Company had cash of $34,765, which was its only
current  asset.  The  Company  had  total  current  liabilities of $70,463 which
consisted  of  accounts  payable  of $6,288 and accrued expenses of $64,175. The
Company  had negative working capital of $35,698. The ratio of current assets to
current  liabilities  was  49%.

     The  Company  had negative cash flows from operations of $87,792 during the
three  months  ended  March  31,  2004.  This was primarily due to a net loss of
$5,302,298  which  was offset by positive adjustments of $1,047 for depreciation
and  $2,205  for  amortization, $5,180,053 for services paid for by stock, and a
$42,928  increase  in  accrued  expenses.  Accounts payable decreased by $11,727
during  the  three  month  period  ended  March  31,  2004, which constituted an
additional  use  of  cash.

<PAGE>

     During  the  three months ended March 31, 2004, the Company used $28,555 of
cash  to  purchase  mineral  rights  for  investment  purposes.

     The  Company  had  $143,534  of cash provided by financing activities. This
cash came from increases in advances from two unrelated entities. The Company is
obligated  to  issue 1,435,340 restricted shares in exchange for these advances.
As  of the date of this report, the Company has not issued any of the restricted
shares.

     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 232,120 shares of Company common stock. As of March
31,  2004,  the  Company  had  not issued Mr. Rosner the shares of common stock.

     During  the next two (2) years, the Company needs to obtain an aggregate of
$350,000  to  conduct  its  mining  exploration activities on the Otish Mountain
Claims  and  to  purchase  additional  mining  claims.  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.

     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 raised an additional $143,534 from two unrelated entities, discussed
above.

     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.

<PAGE>

     The  Company  currently  has  a  1-year lease for 300 square feet of office
space located at One Penn Plaza, Suite 3600, 250 West 34th Street, New York, NY,
10119.  The current lease commitment is US$500 per month. The Company also has a
1-year  lease  for  300  square  feet  of  office  space  located  at 1000 de la
Gauchetiere  West,  Suite  2400,  Montreal,  H3B  4W5  Canada. The current lease
commitment,  which varies depending on use of the office space, is an average of
CDN$400  per  month.

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. In October
2003,  the  Company  raised  $300,000  from  three  entities  and an individual,
collectively, for 3,000,000 shares of its common stock. During 2004, the Company
raised  an additional $143,534 from two unrelated entities, to which the Company
is  obligated to issue, but has not yet issued, 1,435,340 restricted shares. 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.

      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.

<PAGE>

     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.

     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.

<PAGE>

     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  gain  during the period ended March 31, 2004, however, due to
fluctuations  in  the  price of the Canadian Dollar relative to the U.S. Dollar,
the  Company  could  recognize  a  foreign  exchange  loss  in  the  future.

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.

<PAGE>

ITEM 2.  CHANGES IN SECURITIES

     (c)  On  March  18, 2004, the Company issued 50 shares of its common stock,
$.001  par value per share which were not registered under the Securities Act of
1933,  as  amended  (the  "Act")  to  Locke  B.  Goldsmith pursuant to an Option
Agreement  that  the  Company  entered into with Mr. Goldsmith to acquire a 100%
interest  in  the  Cahill Mineral Claims, which option agreement the Company has
since  allowed  to  expire  unexercised.  The  Company  claims an exemption from
registration  pursuant  to  Section 4(2) of the Act since the foregoing issuance
did  not involve a public offering, the recipient had access to information that
would  be  included  in a registration statement, took the shares for investment
and  not  resale and the Company took appropriate measures to restrict transfer.

     During  the  period covered by this report, two unrelated entities advanced
the Company $143,534. The Company is obligated to issue, but has not yet issued,
an  aggregate  of  1,435,340  restricted shares of the Company's common stock to
these  two  entities.  The  Company  will  claim  an exemption from registration
pursuant  to  Section  4(2)  of  the  Act since the foregoing issuances will not
involve  a  public offering, the recipients will have access to information that
would  be  included  in  a  registration  statement,  will  take  the shares for
investment  and  not  resale  and  the Company will take appropriate measures to
restrict  transfer.

     In  November  2003,  the Company and Robert Rosner entered an agreement for
Mr.  Rosner  to  exchange  $232,120 of indebtedness that the Company owed to Mr.
Rosner  for  restricted  232,120 shares of the Company's common stock, $.001 par
value  per  share,  which  the Company has not issued, in consideration and full
satisfaction  of  such debt. The Company is obligated to issue 232,120 shares of
its  common  stock  which  will  not  be  registered under the Act to Mr. Rosner
pursuant to the agreement. The Company will claim an exemption from registration
pursuant  to  Section  4(2)  of  the  Act  since the foregoing issuance will not
involve  a  public  offering, the recipient will have access to information that
would  be  included  in  a  registration  statement,  will  take  the shares for
investment  and  not  resale  and  the Company will take appropriate measures to
restrict  transfer.

ITEM 5.  OTHER INFORMATION

     Subsequent Event
     ----------------

     Exploration expenditures of $75,000 and the issuance of $150,000 became due
on  the  Eddy  Mineral  Claim  on April 16, 2004. The Company abandoned the Eddy
Mineral  Claim  and  did  not  incur  the  exploration expenditures or issue the
shares.  The  Company's  option  on the Eddy Mineral Claims expired unexercised.

<PAGE>

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

a)     Exhibits

     Exhibit No.          Description

     4.1          Consulting Services Agreement with
                  Maris Lee McCance Price                       (1)

     4.2          2004 Non-Qualified Stock Option Plan          (2)

     5.1          Opinion and consent of David M. Loev,
                  Attorney at Law re: the legality of
                  the shares being registered dated
                  January 21, 2004                              (1)

     5.2          Opinion and consent of David M. Loev,
                  Attorney at Law re: the legality of
                  the shares being registered dated
                  February 18, 2004                             (2)

     23.1          Consent of David M. Loev, Attorney
                   at Law (included in Exhibit 5.1)             (1)

     23.2          Consent of BDO Dunwoody LLP,
                   Chartered Accountants dated January 20, 2004 (1)

     23.3          Consent of Pollard-Kelley Auditing
                   Services, Inc. dated January 21, 2004        (1)

     23.4          Consent of David M. Loev, Attorney
                   at Law (included in Exhibit 5.2)             (2)

     23.5          Consent of BDO Dunwoody LLP,
                   Chartered Accountants dated
                   February 18, 2004                            (2)

     23.6          Consent of Pollard-Kelley Auditing
                   Services, Inc. dated February 17, 2004       (2)

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

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

(1)     Filed as Exhibits 5.1, 23.1, 23.2 and 23.3 to the Form S-8 Registration
Statement filed with the Securities and Exchange Commission on January 21, 2004,
and incorporated herein by reference.

(2)     Filed as Exhibits 5.1, 23.1, 23.2 and 23.3 to the Form S-8 Registration
Statement filed with the Securities and Exchange Commission on February 18,
2004, and incorporated herein by reference.

* Filed Herein.

<PAGE>

b)     REPORTS ON FORM 8-K

     The  Company  filed the following report on Form 8-K during the quarter for
which  this report filed: Form 8-K/A filed on January 2, 2004, to amend the Form
8-K  filed on December 3, 2003, to report audited financial information of Otish
Mountain  Diamond  Corp.  The Company provided an audited Balance Sheet of Otish
Mountain  Diamond  Corp.  as  of November 30, 2003, and the related Statement of
Operations,  Statement  of Stockholders' Equity, and Statement of Cash Flows for
the  period  then  ended.  The  Company  also  provided  an  unaudited Pro-Forma
Consolidated  Balance  Sheet  as  of  September  30,  2003.

                                   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: May 24, 2004                    By: /s/ Massimiliano Pozzoni
                                             ------------------------
                                             Massimiliano Pozzoni
                                             Chief Executive Officer and
                                             Chief Financial Officer

<PAGE>

                                   EXHIBIT 31

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

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: May 24, 2004


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

<PAGE>

                                   EXHIBIT 32

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 March 31, 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: May 24, 2004

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

<PAGE>