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 May 31, 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 June 19, 2008
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

The un-audited financial statements for the quarter ended May 31, 2008
immediately follow.



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

<TABLE>
<CAPTION>
                                                                     As of             As of
                                                                    May 31,         February 29,
                                                                     2008               2008
                                                                   --------           --------
<S>                                                                <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                             $ 33,789           $ 51,661
  Deposits                                                            8,735                 --
                                                                   --------           --------
TOTAL CURRENT ASSETS                                                 42,524             51,661
                                                                   --------           --------

      TOTAL ASSETS                                                 $ 42,524           $ 51,661
                                                                   ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

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

      TOTAL LIABILITIES                                               1,500              2,700

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 250,000,000
   shares authorized; 13,200,000 shares issued and
   outstanding as of May 31, 2008 and February 29, 2008)             13,200             13,200
  Additional paid-in capital                                         58,800             58,800
  Deficit accumulated during development stage                      (30,976)           (23,039)
                                                                   --------           --------
TOTAL STOCKHOLDERS' EQUITY                                           41,024             48,961
                                                                   --------           --------
      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                     $ 42,524           $ 51,661
                                                                   ========           ========
</TABLE>


                       See Notes to Financial Statements

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

<TABLE>
<CAPTION>
                                                                                 February 5, 2007
                                       Three Months          Three Months          (inception)
                                          ended                 ended                through
                                         May 31,               May 31,               May 31,
                                          2008                  2007                  2008
                                       -----------           -----------           -----------
<S>                                    <C>                   <C>                   <C>
REVENUES
  Revenues                             $        --           $        --           $        --
                                       -----------           -----------           -----------
TOTAL REVENUES                                  --                    --                    --

OPERATIONG EXPENSES
  Mineral Exploration Expense                3,750                    --                11,500
  Office and Administration                    860                 2,057                 7,814
  Professional Fees                          3,327                 2,000                11,663
                                       -----------           -----------           -----------
TOTAL OPERATING EXPENSES                    (7,938)               (4,057)              (30,976)
                                       -----------           -----------           -----------

NET INCOME (LOSS)                      $    (7,938)          $    (4,057)          $   (30,976)
                                       ===========           ===========           ===========

BASIC EARNINGS PER SHARE               $     (0.00)          $     (0.00)
                                       ===========           ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING              13,200,000             7,200,000
                                       ===========           ===========
</TABLE>


                       See Notes to Financial Statements

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

<TABLE>
<CAPTION>
                                                                                                          February 5, 2007
                                                                      Three Months       Three Months       (inception)
                                                                         ended              ended             through
                                                                        May 31,            May 31,            May 31,
                                                                         2008               2007               2008
                                                                       --------           --------           --------
<S>                                                                    <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                                    $ (7,938)          $ (4,057)          $(30,976)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
     (Increase) Decrease in Deposits                                     (8,735)                --             (8,735)
     Increase (Decrease) in Due to a Director                               300                300              1,500
     Increase (Decrease) in Accounts Payable                             (1,500)                --                 --
     Increase (Decrease) in Stock Subscriptions Received                     --              9,000                 --
                                                                       --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES           (17,873)             5,243            (38,211)

CASH FLOWS FROM INVESTING ACTIVITIES

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

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

NET INCREASE (DECREASE) IN CASH                                         (17,873)             5,243             33,789

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

CASH AT END OF PERIOD                                                  $ 33,789           $  9,728           $ 33,789
                                                                       ========           ========           ========

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
                                  May 31, 2008


NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Elko Ventures Inc. (the Company) was incorporated under the laws of the State of
Nevada on February 5, 2007. The Company was formed to engage in the acquisition,
exploration and development of natural resource properties.

The  Company  is in the  exploration  stage.  Its  activities  to date have been
limited to capital formation, organization and development of its business plan.
The Company has commenced limited exploration  activities on its Cad 1-4 Mineral
Claims in the Paymaster Canyon Area of Esmeralda County, Nevada.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. BASIS OF ACCOUNTING

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a February 28, year-end.

B. BASIC EARNINGS PER SHARE

In February  1997,  the FASB issued SFAS No. 128,  "Earnings  Per Share",  which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities  with  publicly  held common  stock.  SFAS No. 128
supersedes the provisions of APB No. 15, and requires the  presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective July 10, 2006 (inception).

Basic net loss per share  amounts is computed  by  dividing  the net loss by the
weighted average number of common shares outstanding. Diluted earnings per share
are the same as basic  earnings per share because there are no dilutive items in
the Company.

C. CASH EQUIVALENTS

The Company considers all highly liquid  investments  purchased with an original
maturity of three months or less to be cash equivalents.

D. USE OF ESTIMATES AND ASSUMPTIONS

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  and  disclosure  of
contingent  assets and  liabilities at the date of the financial  statements and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates. In accordance with FASB 16 all
adjustments are normal and recurring.

                                       6
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

E. INCOME TAXES

Income taxes are provided in accordance  with Statement of Financial  Accounting
Standards No. 109 (SFAS 109),  Accounting for Income Taxes. A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting and net operating loss  carryforwards.  Deferred tax expense (benefit)
results  from  the net  change  during  the  year of  deferred  tax  assets  and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion of all of the deferred
tax assets will be realized.  Deferred tax assets and  liabilities  are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

NEW ACCOUNTING PRONOUNCEMENTS:

In November 2004, the Financial  Accounting  Standards  Board (FASB) issued SFAS
151,  Inventory  Costs - an amendment of ARB No. 43,  Chapter 4. This  Statement
amends the guidance in ARB No. 43,  Chapter 4,  "Inventory  Pricing," to clarify
the accounting for abnormal amounts of idle facility expense,  freight, handling
costs,  and  wasted  material  (spoilage).  Paragraph  5 of ARB 43,  Chapter  4,
previously  stated  that  "...  under  some  circumstances,  items  such as idle
facility expense,  excessive spoilage,  double freight, and rehandling costs may
be so  abnormal  as to require  treatment  as current  period  charges..."  This
Statement  requires  that those items be recognized  as  current-period  charges
regardless  of whether they meet the  criterion of "so  abnormal."  In addition,
this Statement  requires that  allocation of fixed  production  overheads to the
costs  of  conversion  be  based  on  the  normal  capacity  of  the  production
facilities.  The  provisions of this Statement will be effective for the Company
beginning  with its fiscal year ending  November 30, 2006.  Management  believes
that the adoption of this Statement will not have any immediate  material impact
on the Company.

In December  2004,  the FASB issued  SFAS No. 152,  "Accounting  for Real Estate
Time-Sharing Transactions--an amendment of FASB Statements No. 66 and 67" ("SFAS
152) The amendments  made by Statement 152 This Statement  amends FASB Statement
No.  66,  Accounting  for  Sales of Real  Estate,  to  reference  the  financial
accounting and reporting guidance for real estate time-sharing transactions that
is  provided in AICPA  Statement  of Position  (SOP)  04-2,  Accounting  No. 67,
Accounting for Costs and Initial Rental  Operations of Real Estate Projects,  to
state that the guidance for (a) incidental  operations and (b) costs incurred to
sell  real  estate   projects  does  not  apply  to  real  estate   time-sharing
transactions.  The accounting  for those  operations and costs is subject to the
guidance in SOP 04-2.  This Statement is effective for financial  statements for
fiscal years beginning after June 15, 2005, with earlier application encouraged.
The Company  believes that the  implementation  of this standard will not have a
material impact on its financial position, results of operations or cash flows.

                                       7
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In December 2004, the FASB issued SFAS 123 (revised 2004) "Share-Based Payment".
This  Statement   requires  that  the  cost   resulting  from  all   share-based
transactions be recorded in the financial statements.  The Statement establishes
fair value as the measurement  objective in accounting for  share-based  payment
arrangements and requires all entities to apply a  fair-value-based  measurement
in accounting for share-based payment transactions with employees. The Statement
also  establishes  fair value as the measurement  objective for  transactions in
which an entity  acquires  goods or services from  non-employees  in share-based
payment transactions. The Statement replaces SFAS 13 "Accounting for Stock-Based
Compensation"  and supersedes APB Opinion No. 25 "Accounting for Stock Issued to
Employees".  The  provisions of this Statement will be effective for the Company
beginning with its fiscal year ending  November 30, 2006.  The Company  believes
that the  implementation of this standard will not have a material impact on its
financial position, results of operations or cash flows.

In March 2005,  the  Securities  and  Exchange  Commission  (SEC)  issued  Staff
Accounting  Bulletin No. 107 (SAB 107) which  provides  guidance  regarding  the
interaction  of SFAS 123 (R) and  certain  SEC  rules and  regulations.  The new
guidance  includes  the  SEC's  view on the  valuation  of  share-based  payment
arrangements  for  public  companies  and may  simplify  some of SFAS 123 (R) `s
implementation  challenges for registrants and enhance the information investors
receive.

In  March  2005,  the FASB  issued  FIN 47,  Accounting  for  Conditional  Asset
Retirement  Obligations,  which  clarifies  that  the  term  `conditional  asset
retirement  obligation'  as used in SFAS 143,  Accounting  for Asset  Retirement
Obligations,  refers  to a legal  obligation  to  perform  an  asset  retirement
activity in which the timing and/or method of settlement  are  conditional  on a
future  event that may or may not be within the  control of the  entity.  FIN 47
requires an entity to recognize a liability  for the fair value of a conditional
asset retirement obligation if the fair value can be reasonably  estimated.  FIN
47 is effective  no later than the end of the fiscal year ending after  December
15, 2005.  The Company does not believe that FIN 47 will have a material  impact
on its financial position or results from operations.

In May 2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections.
This statement applies to all voluntary  changes in accounting  principle and to
changes required by an accounting  pronouncement if the  pronouncement  does not
include  specific  transition  provisions,  and it changes the  requirements for
accounting  for and  reporting  them.  Unless it is  impractical,  the statement
requires  retrospective  application of the changes to prior periods'  financial
statements. This statement is effective for accounting changes and correction of
errors made in fiscal year beginning after December 15, 2005.

                                       8
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In  February  2006,  the FASB  issued SFAS 155,  Accounting  for Certain  Hybrid
Financial  Instruments-an  amendment of FASB  Statements  No. 133 and 140.  This
statement amends FASB Statements No. 140, Accounting for Transfers and Servicing
of Financial Assets and Extinguishments of Liabilities.  This statement resolves
issues addressed in

Statement  133  Implementation  Issue No. D1,  Application  of Statement  133 to
Beneficial  Interests  in  Securitized   Financial  Assets.  This  statement  is
effective for all financial  instruments  acquired or issued after the beginning
of an entity's first fiscal year that begins after September 15, 2006.

In March 2006,  the FASB issued SFAS 156,  Accounting for Servicing of Financial
Assets-an  amendment  of FASB  Statement  No. 140.  This  statement  amends FASB
Statement  No. 140 with  respect to the  accounting  for  separately  recognized
servicing liabilities. An entity should adopt this statement as of the beginning
of its first fiscal year that begins after September 15, 2006.

In September 2006, the FASB issued SFAS No. 157, FAIR VALUE MEASUREMENTS,  which
defines  fair  value,  establishes  a  framework  for  measuring  fair  value in
generally accepted  accounting  principles,  and expands  disclosures about fair
value  measurements.   SFAS  No.  157  does  not  require  any  new  fair  value
measurements,  but provides guidance on how to measure fair value by providing a
fair  value  hierarchy  used to  classify  the source of the  information.  This
statement is effective for us beginning May 1, 2008.

In September 2006, the FASB issued SFAS 158,  Employers'  Accounting for Defined
Benefit Pension and Other  Postretirement  Plans-an amendment of FASB Statements
No. 87, 88, 106, and 132(R)). This statement improves the financial reporting by
requiring an employer to recognize  the  overfunded or  underfunded  status of a
defined  benefit  postretirement  plan (other than a  multiemployer  plan) as an
asset or  liabilities  in its statement of financial  positions and to recognize
changes in that  funded  status in the year in which the changes  occur  through
comprehensive  income  of  a  business  entity.  This  statement  also  improves
financial  reporting by requiring an employer to measure the funded  status of a
plan as of the  date of its  year-end  statement  of  financial  position,  with
limited exceptions.

                                       9
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In  February  2007,  the FASB issued  SFAS NO.  159,  The Fair Value  Option for
Financial  Assets  and  Financial  Liabilities-Including  an  amendment  of FASB
Statement No. 115.  This  statement  permits  entities to choose to measure many
financial  instruments  and certain  items at fair value.  The  objective  is to
improve the financial  reporting by providing  entities with the  opportunity to
mitigate  volatility in reported earnings caused by measuring related assets and
liabilities  differently  without  having  to  apply  complex  hedge  accounting
provisions.  This  statement  is  expected  to  expand  the  use of  fair  value
measurement objectives for accounting for financial instruments.  This statement
is  effective as of the  beginning of an entity's  first fiscal year that begins
after November 15, 2007.

In  December  2007,  the FASB  issued  SFAS  160,  Non-controlling  Interest  in
Consolidated  Financial  Statements-an  amendment of ARB No. 51. This  statement
amends  ARB  51  to  establish   accounting  and  reporting  standards  for  the
non-controlling  interest  in a  subsidiary  and  for the  deconsolidation  of a
subsidiary.  It also  changes  the  way the  consolidated  income  statement  is
presented for non-controlling interest. This statement improves comparability by
eliminating   diversity  of  methods.  This  statement  also  requires  expanded
disclosure.

In  March  2008,  the  FASB  issued  SFAS  161,   Disclosures  about  Derivative
Instruments and Hedging Activities--an amendment of FASB Statement No. 133. This
statement  is intended to enhance the  disclosure  requirements  for  derivative
instruments and hedging activities as required by SFAS 133.

In May 2008,  the FASB issued SFAS 162,  The  Hierarchy  of  Generally  Accepted
Accounting  Principles.  This  Statement  identifies  the sources of  accounting
principles  and the framework  for  selecting  the  principles to be used in the
preparation  of  financial  statements  of  nongovernmental  entities  that  are
presented in conformity with generally accepted accounting  principles (GAAP) in
the United States (the GAAP hierarchy).

NOTE 3. GOING CONCERN

The  accompanying  financial  statements are presented on a going concern basis.
The  Company  had limited  operations  during the period  from  February 5, 2007
(inception) to May 31, 2008 and generated a net loss of $30,976.  This condition
raises  substantial  doubt  about the  Company's  ability to continue as a going
concern.  Because  the Company is  currently  in the  exploration  stage and has
minimal  expenses,  management  believes  that the  company's  current  cash and
deposits of $42,524 is  sufficient  to cover the expenses they will incur during
the next  twelve  months in a limited  operations  scenario  or until they raise
additional funding.

                                       10
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common.

NOTE 5. RELATED PARTY TRANSACTIONS

The Company  neither  owns nor leases any real or personal  property.  Beginning
March 1, 2007 the Company  has been paying a director  $100 per month for use of
office  space and  services.  The  officers  and  directors  of the  Company are
involved in other business activities and may, in the future, become involved in
other business opportunities as they become available.

Thus they may face a conflict in  selecting  between the Company and their other
business  interests.  The Company has not formulated a policy for the resolution
of such conflicts.

NOTE 6. INCOME TAXES

                                                              As of May 31, 2008
                                                              ------------------
     Deferred tax assets:
     Net operating tax carryforwards                              $ 30,976
     Other                                                               0
                                                                  --------
     Gross deferred tax assets                                      10,532
     Valuation allowance                                           (10,532)
                                                                  --------

     Net deferred tax assets                                      $      0
                                                                  ========

Realization of deferred tax assets is dependent upon  sufficient  future taxable
income during the period that deductible temporary differences and carryforwards
are expected to be available to reduce  taxable  income.  As the  achievement of
required  future taxable income is uncertain,  the Company  recorded a valuation
allowance.

NOTE 7. NET OPERATING LOSSES

As of May 31,  2008,  the  Company  has a net  operating  loss  carryforward  of
approximately $30,976. Net operating loss carryforward expires twenty years from
the date the loss was incurred.

                                       11
<PAGE>
                               ELKO VENTURES INC.
                         (An Exploration Stage Company)
                          Notes to Financial Statements
                                  May 31, 2008


NOTE 8. STOCK TRANSACTIONS

Transactions,  other than  employees'  stock  issuance,  are in accordance  with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees' stock issuance
are in accordance with paragraphs  (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration  received or the fair
value  of  the  equity   instruments   issued,  or  whichever  is  more  readily
determinable.

On  February 5, 2007 the Company  issued a total of  7,200,000  shares of common
stock to one director for cash at $0.00167 per share for a total of $12,000.

On June 28, 2007 the Company completed its SB-2 registered offering and issued a
total of 6,000,000 shares of common stock to 27 unrelated third parties for cash
at $0.01 per share for a total of $60,000.

On January 31, 2008 the  Company  effected a 3 for 1 forward  split of its 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
number of shares referred to in the previous  paragraphs is post-split number of
shares.   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.  All
share amounts have been retroactively adjusted for all periods presented.

As of May 31, 2008 the Company had 13,200,000  shares of common stock issued and
outstanding.

NOTE 9. STOCKHOLDERS' EQUITY

The  stockholders'  equity section of the Company contains the following classes
of capital stock as of May 31, 2008:

     *    Common  stock,  $ 0.001  par  value:  250,000,000  shares  authorized;
          13,200,000 shares issued and outstanding.

                                       12
<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 $30,976 in
expenses through May 31, 2008. For the three months ended May 31, 2008 we
incurred operating expenses of $7,938. For the same period ended May 31, 2007 we
had operating expenses of $4,057.

Our cash in the bank at May 31, 2008 was $33,789, with total assets being
$42,524. Our outstanding liabilities were $1,500. 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 remaining $40,500 we anticipate spending for the
exploration program, we anticipate spending an additional $5,000 on professional
fees, including fees associated with reporting obligation compliance, and
general administrative costs. Total expenditures over the next 12 months are
therefore expected to be approximately $45,000. If we do not have enough funds
to complete the exploration program our directors have agreed to loan us the
funds to continue operations.

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

                                       13
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at May 31, 2008 was $33,789. We have an outstanding asset of
$8,735 which consists of a deposit paid to the geologist for phase 1A of our
exploration program. If we experience a shortage of funds prior to funding from
the offering 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 (CURRENTLY IN PROCESS)

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.

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.

                                       14
<PAGE>
The geologist has completed Phase 1 of the exploration program on the claim and
we have recently received his report. He recommended a continuation of Phase 1
(Phase 1A) to further examine anomalies that were identified in the initial
phase. We have directed him to proceed with Phase 1A. Following Phase 1A of the
exploration program, if it proves successful in identifying mineral deposits, we
intend to proceed with phase two 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 two of the exploration program, if it proves successful, we
intend to proceed with phase three 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 summer
2008 and phase 3 in fall 2008 or spring 2009. 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.

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.

                                       15
<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.

June 19, 2008             Elko Ventures Inc., Registrant


                          By: /s/ Matt Wayrynen
                              --------------------------------------------------
                              Matt Wayrynen, 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.

June 19, 2008             Elko Ventures Inc., Registrant


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


                          By: /s/ David Wolfin
                              --------------------------------------------------
                              David Wolfin, Secretary & Director

                                       16