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

                                    FORM 10-Q

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

    FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2008

                        Commission file number 333-141426


                               ELKO VENTURES INC.
             (Exact name of registrant as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                  650 Ruby Way
                            Crescent Valley, NV 89821
          (Address of principal executive offices, including zip code)

                                  (775)201-6669
                     (Telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the last 90 days. YES [X] NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer, "accelerated filer,"
"non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 13,200,000 shares as of December 16,
2008.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

The un-audited financial statements for the quarter ended November 30, 2008
immediately follow.



                                       2
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                            Condensed Balance Sheets
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                      As of              As of
                                                                    November 30,       February 29,
                                                                       2008               2008
                                                                     --------           --------
<S>                                                                  <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                               $ 26,840           $ 51,661
  Deposits                                                              1,235                 --
                                                                     --------           --------
TOTAL CURRENT ASSETS                                                   28,075             51,661
                                                                     --------           --------

      TOTAL ASSETS                                                   $ 28,075           $ 51,661
                                                                     ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Due to a Director                                                  $  1,800           $  1,200
  Accounts Payable                                                         --              1,500
                                                                     --------           --------
TOTAL CURRENT LIABILITIES                                               1,800              2,700

      TOTAL LIABILITIES                                                 1,800              2,700

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 250,000,000
   shares authorized; 13,200,000 shares issued and
   outstanding as of August 31, 2008 and February 29, 2008)            13,200             13,200
  Additional paid-in capital                                           58,800             58,800
  Deficit accumulated during development stage                        (45,725)           (23,039)
                                                                     --------           --------
TOTAL STOCKHOLDERS' EQUITY                                             26,275             48,961
                                                                     --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                       $ 28,075           $ 51,661
                                                                     ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       3
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                       Condensed Statements of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                   February 5, 2007
                                Three Months     Three Months      Nine Months      Nine Months       (inception)
                                   ended            ended            ended            ended            through
                                 November 30,     November 30,     November 30,     November 30,      November 30,
                                    2008             2007             2008             2007              2008
                                 -----------      -----------      -----------      -----------       -----------
<S>                              <C>              <C>              <C>              <C>               <C>
REVENUES
  Revenues                       $        --      $        --      $        --      $        --       $        --
                                 -----------      -----------      -----------      -----------       -----------
TOTAL REVENUES                            --               --               --               --                --

OPERATIONG EXPENSES
  Mineral Exploration Expense          9,500               --           13,361              750            21,111
  Office and Administration              870              737            2,998            4,114             9,952
  Professional Fees                    1,500            3,000            6,327            6,500            14,663
                                 -----------      -----------      -----------      -----------       -----------
TOTAL OPERATING EXPENSES             (11,870)          (3,737)         (22,687)         (11,364)          (45,725)
                                 -----------      -----------      -----------      -----------       -----------

NET INCOME (LOSS)                $   (11,870)     $    (3,737)     $   (22,687)     $   (11,364)      $   (45,725)
                                 ===========      ===========      ===========      ===========       ===========

BASIC EARNINGS PER SHARE         $     (0.00)     $     (0.00)     $     (0.00)     $     (0.00)
                                 ===========      ===========      ===========      ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING        13,200,000       13,200,000       13,200,000       10,603,636
                                 ===========      ===========      ===========      ===========
</TABLE>


                        See Notes to Financial Statements

                                       4
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                       Condensed Statements of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                         February 5, 2007
                                                                      Nine Months        Nine Months        (inception)
                                                                        ended              ended             through
                                                                      November 30,       November 30,       November 30,
                                                                         2008               2007               2008
                                                                       --------           --------           --------
<S>                                                                    <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                                    $(22,687)          $(11,364)          $(45,725)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
    (Increase) Decrease in Deposits                                      (1,235)                --             (1,235)
    Increase (Decrease) in Due to a Director                                600                900              1,800
    Increase (Decrease) in Accounts Payable                              (1,500)                --                 --
                                                                       --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES           (24,822)           (10,464)           (45,160)

CASH FLOWS FROM INVESTING ACTIVITIES

          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES                --                 --                 --

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                                   --              2,000             13,200
  Additional paid-in capital                                                 --             58,000             58,800
                                                                       --------           --------           --------
          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                --             60,000             72,000
                                                                       --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                         (24,822)            49,536             26,840

CASH AT BEGINNING OF PERIOD                                              51,661              4,485                 --
                                                                       --------           --------           --------

CASH AT END OF PERIOD                                                  $ 26,840           $ 54,021           $ 26,840
                                                                       ========           ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during period for:
  Interest                                                             $     --           $     --           $     --
                                                                       ========           ========           ========
  Income Taxes                                                         $     --           $     --           $     --
                                                                       ========           ========           ========
</TABLE>


                        See Notes to Financial Statements

                                       5
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                November 30, 2008
--------------------------------------------------------------------------------

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

The accompanying  financial  statements have been prepared by Elko Ventures Inc.
(the  "Company")  without audit.  In the opinion of management,  all adjustments
(which include only normal  recurring  adjustments)  necessary to present fairly
the financial  position,  results of operations,  and cash flows at November 30,
2008, and for all periods presented herein, have been made.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the United States of America have been condensed or omitted.  It is suggested
that  these  condensed  financial  statements  be read in  conjunction  with the
financial  statements and notes thereto  included in the Company's  February 29,
2008 audited  financial  statements.  The results of  operations  for the period
ended November 30, 2008 is not necessarily  indicative of the operating  results
for the full year.

NOTE 2 - GOING CONCERN

The  Company's  financial  statements  are  prepared  using  generally  accepted
accounting  principles  in the United  States of America  applicable  to a going
concern  which  contemplates  the  realization  of  assets  and  liquidation  of
liabilities  in  the  normal  course  of  business.  The  Company  has  not  yet
established  an ongoing  source of revenues  sufficient  to cover its  operating
costs and allow it to continue as a going concern. The ability of the Company to
continue  as a going  concern is  dependent  on the Company  obtaining  adequate
capital to fund operating losses until it becomes profitable.  If the Company is
unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going  concern,  the  Company  will need,  among other
things,  additional  capital  resources.  Management's  plan is to  obtain  such
resources for the Company by obtaining  capital from  management and significant
shareholders  sufficient  to meet its  minimal  operating  expenses  and seeking
equity and/or debt financing.  However  management cannot provide any assurances
that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent  upon its
ability  to  successfully  accomplish  the  plans  described  in  the  preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going concern.

                                       6
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

FORWARD LOOKING STATEMENTS

This report contains forward-looking statements that involve risk and
uncertainties. We use words such as "anticipate", "believe", "plan", "expect",
"future", "intend", and similar expressions to identify such forward-looking
statements. Investors should be aware that all forward-looking statements
contained within this filing are good faith estimates of management as of the
date of this filing and actual results may differ materially from historical
results or our predictions of future results.

RESULTS OF OPERATIONS

We have generated no revenue since inception and have incurred $45,725 in
expenses through November 30, 2008. For the three months ended November 30, 2008
we incurred operating expenses of $11,870. For the same period ended November
30, 2007 we had operating expenses of $3,737.

Our cash in the bank at November 30, 2008 was $26,840, with total assets being
$28,075. Our outstanding liabilities were $1,800. Cash provided by financing
activities since inception is as follows:

     1.   On February 5, 2007, a total of 2,400,000 shares of common stock were
          issued in exchange for $12,000 US, or $.005 per share. These
          securities were issued to an officer and director of the company.

     2.   On June 28, 2007, we completed and closed our offering pursuant to a
          Registration Statement on Form SB-2 selling a total of 2,000,000
          shares at $.03 per share to raise $60,000.

On January 31, 2008, the company affected a three for one forward stock split of
our share capital such that every one share of common stock issued and
outstanding prior to the split was exchanged for three post-split shares of
common stock. The company also changed its post-split authorized capital to
250,000,000 shares of common stock with a par value of $0.001 per share. Our
issued and outstanding share capital increased from 4,400,000 shares of common
stock to 13,200,000 shares of common stock. An 8-K disclosing this information
was filed with the Securities and Exchange Commission on January 31, 2008.

Our plan of operation for the next twelve months is to complete our exploration
program. In addition to the $10,500 we anticipate spending for the second phase
of the exploration program, we anticipate spending an additional $8,000 on
professional fees, including fees associated with reporting obligation
compliance, and general administrative costs. If the results of phase two
warrant our proceeding to phase three of the exploration program we will be
required to raise additional funding to cover the cost of $30,000. If we
experience a shortfall of operating capital our directors have agreed to loan us
the funds to continue operations.

                                       7
<PAGE>
We do not intend to purchase any significant property or equipment, nor incur
any significant changes in employees during the next 12 months.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at November 30, 2008 was $26,840. We have an outstanding asset
of $1,235 which consists of a deposit paid to the geologist. If we experience a
shortage of funds for operating expenses we may utilize funds from our
directors, who have agreed to advance funds for operations, however they have no
formal commitment, arrangement or legal obligation to advance or loan funds to
us. We are an exploration stage company and have generated no revenue to date.

PLAN OF OPERATION

Following is an outline of our exploration program:

PHASE 1 (COMPLETED)

Detailed prospecting, mapping and soil geochemistry.
The estimated cost for this program is all inclusive              $ 8,500

PHASE 1A (COMPLETED)

Detailed prospecting and soil geochemistry in the
specific areas where anomalies were identified in Phase 1.
The estimated cost for this program is all inclusive              $   8,500

PHASE 2

Magnetometer and VLF electromagnetic, grid controlled
surveys over the areas of interest determined by the
Phase 1 survey. Included in this estimated cost is
transportation, accommodation, board, grid installation,
two geophysical surveys, maps and report                          $10,500

Phase 3

Induced polarization survey over grid controlled
anomalous area of interest outlined by Phase 1&2
fieldwork. Hoe or bulldozer trenching, mapping and
sampling of bedrock anomalies. Includes assays,
detailed maps and reports                                         $30,000
                                                                  -------

                                      Total                       $57,500
                                                                  =======

Each phase following phase 1 is contingent upon favorable results from the
previous phase.

                                       8
<PAGE>
The above program costs are management's estimates based upon the
recommendations of the professional geologist's report and the actual project
costs may exceed our estimates.

After completing Phase 1 of the exploration program on the claim the geologist
recommended a continuation of Phase 1 (Phase 1A) to further examine anomalies
that were identified in the initial phase. We directed him to proceed with Phase
1A, which he completed and we are currently reviewing the results to determine
whether we will follow through with further exploration. Following Phase 1A of
the exploration program, if we deem the results positive enough, we intend to
proceed with Phase 2 of our exploration program. The estimated cost of this
program is $10,500 and will take approximately 10 days to complete and an
additional one to two months for the consulting geologist to receive the results
from the assay lab and prepare his report.

Following Phase 2 of the exploration program, if it proves successful, and we
are able to raise additional funding, we intend to proceed with Phase 3 of our
exploration program. The estimated cost of this program is $30,000 and will take
approximately 20 days to complete and an additional one to two months for the
consulting geologist to receive the results from the assay lab and prepare his
report.

We anticipate commencing the second phase of our exploration program in spring
2009 and the third phase in summer 2009, if we are able to raise the funding to
proceed with phase three. We have a verbal agreement with James McLeod, the
consulting geologist who prepared the geology report on our claims, to utilize
his services for our exploration program. We cannot provide investors with any
assurance that we will be able to raise sufficient funds to proceed with any
work after the exploration program if we find mineralization.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

ITEM 4. CONTROLS AND PROCEDURES.

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

                                       9
<PAGE>
Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

ITEM 5. OTHER INFORMATION.

On September 10, 2008 Matt Wayrynen resigned as our President, Chief Executive
Officer, Treasurer, Chief Financial Officer and a director and David Wolfin
resigned as Secretary and a director. As a result, prior to such resignations,
on September 10, 2008 we appointed Lou Schiliro as President, Chief Executive
Officer, Treasurer, Chief Financial Officer, Secretary and a director of our
company.

Our board of directors now consists solely of Lou Schiliro and he is our sole
officer.

Background information for Lou Schiliro:

Mr. Schiliro began working for the US Department of Commerce, International
Trade Administration in 1995 as a Trade Specialist. As a Trade Specialist his
job was to create distribution and sales opportunities for US manufacturers. In
1997 he was hired to create an International Sales program for SAFECO Inc.
SAFECO is a safety Equipment Distributor of personal protective equipment. In
1999 he co-founded Global Protection, which is a Homeland Security equipment
company. Since 1999 Mr. Schiliro has served Global Protection as its Director of
Operations and has seen sales grow from $45,000 in 1999 to in excess of $50
million in 2007.

Mr. Schiliro graduated from West Virginia University, with a Bachelors Degree in
International Relations in 1993. He then attended George Mason University and
received a Masters Degree in International Transactions in 1995.

                                       10
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS.

<TABLE>
<CAPTION>
                                                                           Incorporated by Reference
Exhibit No.                 Exhibit                                            or Filed Herewith
-----------                 -------                                            -----------------
<S>            <C>                                                 <C>
   3.1         Articles of Incorporation                           Incorporated by reference to the Registration
                                                                   Statement  on Form SB-2 filed with the SEC on
                                                                   3/20/07 and subsequently amended and filed on
                                                                   Form 8-K on 1/31/08, File No. 333-141426

   3.2         Bylaws                                              Incorporated by reference to the Registration
                                                                   Statement on Form SB-2 filed with the SEC on
                                                                   3/20/07, File No. 333-141426

   31          Section 302 Certification of Chief Executive        Filed herewith
               Officer and Chief Financial Officer

   32          Section 906 Certification of Chief Executive        Filed herewith
               Officer and Chief Financial Officer
</TABLE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

December 16, 2008          Elko Ventures Inc., Registrant


                           By: /s/ Lou Schiliro
                               -------------------------------------------------
                               Lou Schiliro, President, Chief Executive Officer,
                               Principal Accounting Officer, and Chief Financial
                               Officer & Director

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

December 16, 2008          Elko Ventures Inc., Registrant


                           By: /s/ Lou Schiliro
                               -------------------------------------------------
                               Lou Schiliro, President, Secretary, Chief
                               Executive Officer, Principal Accounting Officer
                               and Chief Financial Officer & Director

                                       11