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, 2010  [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from __________ to ___________  Commission File Number000-52805  BOW VALLEY VENTURES, INC.(Exact name of small business issuer in its charter)


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|Nevada                          |  |                                  
|(State or other jurisdiction of |  | (IRS Employer Identification No.)
|incorporation or organization)  |  |                                  

14619-64th Avenue,Edmonton Alberta,Canada Address of principal executive offices) (780)965-7760  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  [ ] No  [ ]   Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [ ]     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.  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  []  There were shares of 9,250,000 Common Stock outstanding as of January 19, 2011  PART I  FINANCIAL INFORMATION  Item 1.  Financial Statements (Unaudited) Page  Balance Sheets  November 30, 2010 and May 31, 2010 (Audited)                   F-1  Statements of Operations  - Three months ended November 30, 2010 and 2009 and From December 20, 2006 (Inception) to November 30, 2010 F-2,  Statements of Cash Flows  Three months ended November 30, 2010 and 2009 and From December 20, 2006 (Inception) to November 30, 2010 F-3  Notes to the Financial Statements  F-4  Item 2.  Managements Discussion and Analysis of Financial Condition and Results of Operations  1  Item 3.  Quantitative and Qualitative Disclosures About Market Risk                 4  Not Applicable  Item 4. Controls and Procedures 4  Item 4T.  Controls and Procedures 4  PART II  OTHER INFORMATION  Item 1.  Legal Proceedings 6  Item 1A. Risk Factors- 6  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds 9  Item 3.  Defaults Upon Senior Securities  Not Applicable 9  Item 4.  Submission of Matters to a Vote of Security Holders  Not Applicable 9  Item 5.  Other Information 9  Item 6.  Exhibits 9  SIGNATURES            Item 1.  Financial Statements


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|BOW VALLEY VENTURES, INC.                                                             
|(AN EXPLORATION STAGE COMPANY)                                                        
|CONSOLIDATED BALANCE SHEETS                                                           
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|                                                                                       |                                                                       | November 30, 2010             | May 31, 2010               
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|                                                                                       | ASSETS                                                                |                               |                            
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|Current assets:                                                                        |                                                                       |                              
|                                                                                       |                                                                       |                               |                            
|                                                                                       | Cash                                                                  | $                      236    | $                    16,762
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|                                                                                       | Total assets                                                          | $                         236 | $                    16,762
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|                                                                                       | LIABILITIES AND STOCKHOLDERS' EQUITY                                  |                               |                            
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|Current liabilities:                                                                   |                                                                       |                              
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|                                                                                       | Accounts payable and accrued expenses                                 | $                    33,360   | $                    38,760
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|                                                                                       | TOTAL CURRENT LIABILITIES                                             | 33,360                        | 38,760                     
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|                                                                                       | Shareholder advance                                                   | 16,000                        | 16,000                     
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|                                                                                       | Total liabilities                                                     | 49,360                        | 54,760                     
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|Commitments and contingencies                                                          | -                                                                     | -                            
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|Stockholders' (deficit) equity:                                                        |                                                                       |                              
|                                                                                       | Preferred stock; authorized 10,000,000; $0.001 par value; zero shares |                               |                            
|                                                                                       | issued and outstanding at November 30, 2010 and May 31, 2010          |                               |                            
|                                                                                       | Common stock; authorized 50,000,000; $0.001 par value; 9,250,000      |                               |                            
|                                                                                       | shares issued and outstanding at November 30, 2010 and May 31, 2010   | 9,250                         | 9,250                      
|                                                                                       | Paid in capital                                                       | 80,750                        | 80,750                     
|                                                                                       | Deficit accumulated during the exploration stage                      | (144,124)                     | (127,998)                  
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|                                                                                       |                                                                       |                               |                            
|                                                                                       | Total stockholders' (deficit) equity                                  | (49,124)                      | (37,998)                   
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|                                                                                       | Total liabilities and stockholders' equity                            | $                       236   | $                    16,762
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|The accompanying notes are an integral part of these consolidated financial statements
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F-1      BOW VALLEY VENTURES, INC.(AN EXPLORATION STAGE COMPANY)CONSOLIDATED STATEMENTS OF OPERATIONSThree months ended November, 2010Three months ended November 30, 2009From Inception (December 20, 2006) to November 30, 2010Operating Expenses:General and administrative$                        5,451$                           11,43573,955Consulting-65,169Impairment loss on mineral
property costs-5,000Net loss for the period$                   ( 5,451)$                          ( 11,435)$                  144,124Net loss per share:Basic and diluted$                        0.00$                        0.00Weighted average number of
shares outstanding:Basic and diluted9,250,0009,250,000 The accompanying notes are an integral part of these consolidated financial statements                F-2    BOW VALLEY VENTURES, INC.(AN EXPLORATION STAGE COMPANY)CONSOLIDATED STATEMENTS OF CASH FLOWS  Six months ended November 30,2010Six months ended November 30, 2009From Inception (December 20, 2006) to November 30, 2010Cash flow from operating activities:Net loss$          (16,526)$        (11,471)$              (144,124)Adjustments to reconcile net loss to net
cash used in operating activities:Impairment loss on mineral property
costs-5,000Changes in operating assets and liabilities:Decrease in accounts payable(5,800)(7,500)33,360shareholder advance16,000Net cash used in operating activities$           (10,726)$                (3,971)(89,764)Cash flows from investing activities:Acquisition of mineral properties(5,000)Net cash used in investing activities-(5,000)Cash flows from financing activities:Deposits-90,000Net cash provided by financing activities-90,000(Decrease) Increase in cash during the period(10,726)(3,971)236Cash, beginning of period16,7624,815-Cash, end of period$236$                844$                      236Cash paid during the periodTaxes$-$                       -Interest$-$                       -  The accompanying notes are an integral part of these consolidated financial statements  F-3    BOW VALLEY VENTURES, INC. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS November 30, 2010 (UNAUDITED)  NOTE 1 - NATURE OF OPERATIONS  Bow Valley Ventures, Inc. (the "Company") was incorporated in the State of Nevada on December 20, 2006 The Company was organized to explore mineral properties in Nevada. These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in United States (US) dollars. The Company has not produced any revenue from its principal business and is an exploration stage company as defined by SEC Industry Guide 7.  NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation  The accompanying unaudited consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements included in the report on Form 10-K of Bow Valley Ventures, Inc. for the year ended May 31, 2010. In the opinion of management, all adjustments considered necessary for a fair presentation have been included, and are of a normal recurring nature. Operating results for the three months ended November 30, 2010 are not necessarily indicative of the results that may be expected for any interim period or the entire year. For further information, these consolidated financial statements and the related notes should be read in conjunction with the Companys audited financial statements for the year ended May 31, 2010 included in the Companys report on Form 10-K.  Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Bow Valley Ventures, Inc., a Company incorporated in Alberta Canada on April 20, 2007. All inter-company transactions have been eliminated.  Use of Estimates  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 these consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.   F-4       BOW VALLEY VENTURES, INC. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS November 30, 2010 (UNAUDITED)  NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Regulatory Matters  The company and its mineral property interests are subject to a variety of Federal and State regulations governing land use, health, safety and environmental matters. The companys management believes it has been in substantial compliance with all such regulations, and is unaware of any pending action or proceeding relating to regulatory matters that would affect the financial position of the Company.  Impaired Asset Policy  The Company periodically reviews its long-lived assets when applicable to determine if any events or changes in circumstances have transpired which indicate that the carrying value of its assets may not be recoverable. The Company determines impairment by comparing the undiscounted future cash flows estimated to be generated by its assets to their respective carrying amounts. If impairment is deemed to exist, the assets will be written down to fair value.  Start-up Expenses  The Company expenses costs associated with start-up activities as incurred. Accordingly, start-up costs associated with the Company's formation have been included in the Company's general and administrative expenses for the period from inception on December 20, 2006 to November 30, 2010.  Mineral Property Costs  Mineral property exploration costs are expensed as incurred.  Mineral property acquisition costs are initially capitalized when incurred. The Company assesses the carrying costs for impairment at each fiscal quarter end.  An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral property.  Impairment losses, if any, are measured as the excess of the carrying amount of the mineral property over its estimated fair value.  When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property, are capitalized.  Such costs will be amortized using the units-of-production method over the estimated life of the proven and probable reserves.  If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.           F-5    BOW VALLEY VENTURES, INC. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS November 30, 2010 (UNAUDITED) Foreign Currency Translation  The Companys functional and reporting currency is the US dollar as substantially all of the Companys operations are in United States.  Assets and liabilities that are denominated in a foreign currency are translated at the exchange rate in effect at the year end and capital accounts are translated at historical rates.  Income statement accounts are translated at the average rates of exchange prevailing during the period.  Translation adjustments from the use of different exchange rates from period to period are included in the Comprehensive Income statement account in Stockholders Equity, if applicable.  Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date.  If applicable, exchange gains and losses are included in other items on the Statement of Operations.  Basic and Diluted Loss Per Share  The Company computes basic loss per share by dividing the net loss by the weighted average common shares outstanding during the period. There are no dilutive common shares outstanding; accordingly, diluted and basic loss per share amounts are the same.  Fair Value of Financial Instruments  The Companys only financial instruments are cash, accounts payable and accrued expenses. Due to the short maturities of accounts payable and cash, their fair value approximates their carrying value.  Income Taxes  Deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes are actually paid or recovered. A valuation allowance is recognized on deferred tax assets when it is more likely than not that some or all of these deferred tax assets will not be realized.  Recent Authoritative Pronouncements  The Company does not expect that the adoption of any recent accounting standards will have a material impact on the consolidated financial statements.  NOTE 3  MINERAL LEASES AND CLAIMS The Company has a 100% interest in a certain mineral property in the Yellow Pine Mining District, Clark County Nevada, collectively referred as to the New Year No.1 Property. On May 23, 2007, the Company acquired a 100% interest in numerous claims known as the New Year No.1 Property and is located in the Yellow Pine Mining District, Nevada. The claims were purchased for $5,000 cash. Because the claims have no proven mineral reserves, the amount allocated toward mineral right and claims was considered 100% impaired and was recorded as an expense at the date of acquisition.  F-6 BOW VALLEY VENTURES, INC. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS November 30, 2010 (UNAUDITED)   NOTE 4  STOCKHOLDERS EQUITY  During August 2007 the Company issued a total of 9,250,000 common shares. Of the common shares issued 5,000,000 shares were issued at a price of $0.001 to the Companys sole officer and director for cash proceeds of $5,000. The balance of 4,250,000 common shares were issued to subscribers at $0.02 per share, for cash proceeds of $85,000.  NOTE 5  GOING CONCERN These consolidated financial statements are presented on the basis that the Company is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business over a reasonable length of time. As of November 30, 2010 the Company had incurred accumulated losses since inception of $144,124. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Its continuation as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing or refinancing as may be required, to develop commercially viable mining reserves, and ultimately to establish profitable operations. Management's plans for the continuation of the Company as a going concern include financing the Company's operations through issuance of its common stock. If the Company is unable to complete its financing requirements or achieve revenue as projected, it will then modify its expenditures and plan of operations to coincide with the actual financing completed and actual operating revenues. There are no assurances, however, with respect to the future success of these plans. Unless otherwise indicated, amounts provided in these notes to the consolidated financial statements pertain to continuing operations. NOTE 6- ADVANCE During the period ended August 31, 2010 the company received an advance of $5,000 from an employee of the Company. The advance is non-interest bearing and there are no fixed terms of repayment. NOTE 7  SUBSEQUENT EVENTS The Company has evaluated subsequent events through October 15, 2010, which is the date these consolidated financial statements were issued.        F-7    Item 2.  Managements Discussion and Analysis of Financial Condition and Results of Operations.  Forward-Looking Statements  This Quarterly Report on Form 10-Q contains forward-looking statements. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. The words believes, anticipates, plans, seeks, expects, intends and similar expressions identify some of the forward-looking statements. Forward-looking statements are not guarantees of performance or future results and involve risks, uncertainties and assumptions. The factors discussed elsewhere in this Form 10-Q could also cause actual results to differ materially from those indicated by the Companys forward-looking statements.  The Company undertakes no obligation to publicly update or revise any forward-looking statements.  Business and Plan of Operations  Overview   We are an exploration stage company engaged in the acquisition and exploration of mineral properties. We acquired a 100% undivided interest in one mineral claim known as the "New Year No.1 Property, comprised of 1 claim situated in the Yellow Pine Mining District, Nevada, our plan of operation is to conduct mineral exploration activities on the New Year No.1 Property in order to assess whether they possess commercially exploitable mineral deposits of copper, silver and gold. We have not earned any revenues to date. We do not anticipate earning revenues until such time as we enter into commercial production of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that a commercially viable mineral deposit exists on our mineral claims or that we will discover commercially exploitable levels of mineral resources on our properties, or if such deposits are discovered, that we will enter into further substantial exploration programs. Further exploration is required before a final evaluation as to the economic and legal feasibility is required to determine whether our mineral claims possess commercially exploitable mineral deposits of silver and gold. Acquisition of the New Year No.1 Property We purchased the New Year No.1 Property in an arms-length transaction from Multi Metal Mining Corp of Las Vegas Nevada for a cash consideration of $5,000 pursuant to our purchase agreement dated May 23, 2007 Current State of Exploration We have completed Phase 1 of our exploration program of the New Year No.1 Property, and have forwarded the results from our Phase 1 exploration program to our consulting geologist for review and interpretation. We have received our phase 1 report and our consulting geologist has recommend that we proceed with further exploration.         1  Plan of Operation Our plan of operation is to conduct mineral exploration activities on the New Year No.1 Property in order to assess whether the claims possess commercially exploitable mineral deposits. Our exploration program is designed to explore for commercially viable deposits of silver and gold mineralization. We have not, nor has any predecessor, identified any commercially exploitable reserves of these minerals on our mineral claims. We do not have sufficient cash on hand to pay the costs of Phase II of our proposed exploration program and to fund our operations for the next twelve months. However, we require additional financing in order to proceed with any additional work beyond Phase I of our exploration program. We presently do not have any arrangements for additional financing for exploration work beyond Phase I of our exploration program, and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with exploration work beyond Phase II of our exploration program. A decision on proceeding beyond the planned Phase II explorations will be made by assessing whether the results of Phase II are sufficiently positive to enable us to obtain the financing we will need for us to continue through additional stages of the exploration program. This assessment will include an assessment of the market for financing of mineral exploration projects at the time of our assessment and an evaluation of our cash reserves after the completion of Phase II.  The decision whether or not to proceed will be based on the recommendations of our geological consultant. The decision of the consultant whether or not to recommend proceeding will be based on a number of factors, including his subjective judgment and will depend primarily on the results of the immediately preceding stage. During this exploration stage, our president will only be devoting approximately six to eight hours per week of his time to our business. We do not foresee this limited involvement as negatively impacting our company over the next twelve months as all exploratory work has been and will continue to be performed by outside consultants. Additionally, we will not have a need to hire any employees over the next twelve months; nor do we plan to make any purchases of equipment over the next twelve months due to reliance upon outside consultants to provide all equipment needed for the exploratory work being conducted. We anticipate that we will incur over the next twelve months the following expenses: CategoryPlanned Expenditures Over The Next 12 Months (US$)Legal and Accounting Fees$18,000Office Expenses-Mineral Property Exploration Expenses25,500TOTAL$43,500  Our total expenditures over the next twelve months are anticipated to be approximately $ 43,500. Our cash on hand as of November 30, 2010 is $236. We do not have sufficient cash on hand to pay the costs of Phase II of our proposed exploration program and to fund our operations for the next twelve months. We also require additional financing in order to proceed with any additional work beyond Phase I of our exploration program. We presently do not have any arrangements for additional financing for exploration work beyond Phase I of our exploration program, and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with exploration work beyond Phase II of our exploration program. 2  Results of Operations  For the Three months Ended November 30, 2010 compared to the Three  months Ended November, 2009  We are an exploration stage and have no revenues to date.  We incurred operating expenses of $5,451 and $11,435 for the three month periods ended November 30, 2010 and 2009, respectively.  The decrease of $5,984 is a result of the decrease in professional fees and general and administrative expenses over the prior period.  The increase in our operating expenses for the three months ended November 30, 2010 was a result of increased administrative expenses and exploration activities in connection with our on going exploration  efforts.  During the three months ended November 30, 2010, we recognized a net loss of $5451compared to a net loss of $11,435 for the three months ended November 30, 2009.  The decrease was a result of the decrease in operational expenses as discussed above.  Liquidity and Capital Resources  At November 30, 2010, we had total assets of $236 consisting of cash.  At November 30, 2010, we had total current liabilities of $49,360, consisting of accrued expenses of $33,360,  During the three months ended November 30, 2010, we used cash of $5,451 in operations. During the three months ended November 30, 2010, net losses of $5,451were not adjusted for any non-cash items.  During the three months ended November 30, 2009, net losses of $11,435 were not adjusted for any non-cash items.  During the three months ended November 30, 2010 and 2009, we did not have any cash flows from investment activities.  During the three months ended November 30, 2010, we received $0 from our financing activities.  During the three months ended November 30, 2009, we received $0 from our financing activities  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.  Need for Additional Financing  We do not have capital sufficient to meet our cash needs.  We will have to seek loans or equity placements to cover such cash needs.  Once exploration commences, our needs for additional financing is likely to increase substantially.  No commitments to provide additional funds have been made by our management or other stockholders.  Accordingly, there can be no assurance that any additional funds will be available to us to allow it to cover our expenses as they may be incurred.        3   ITEM 3.  QUANTATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.  Not Applicable  Item 4.  Controls and Procedures  Evaluation of Disclosure Controls and Procedures  We have adopted and maintain disclosure controls and procedures (as such term is defined in Rules  13a 15(e) and 15d-15(e)  under the Securities  Exchange Act of 1934,  as  amended  (the  "Exchange  Act"))  that are  designed  to ensure  that information  required to be disclosed in our reports  under the Exchange Act, is recorded,  processed,  summarized and reported within the time periods  required under  the  SEC's  rules and forms  and that the  information  is  gathered  and communicated to our management, including our Chief Executive Officer (Principal Executive Officer) and Principal Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.  As required by SEC Rule 15d-15(b), Mr. Hiron our Chief Executive Officer and Principal Accounting Officer, carried out an evaluation under the supervision and with the participation of our management, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 15d-14 as of the end of the period covered by this report.  Based on the foregoing evaluation,  Mr. Hiron has concluded that our disclosure controls and procedures  are  effective  in  timely  alerting  them to material  information required  to be  included  in  our  periodic  SEC  filings  and to  ensure  that information  required to be disclosed in our periodic SEC filings is accumulated and communicated to our management,  including our Chief Executive  Officer,  to allow  timely  decisions  regarding  required  disclosure  as a  result  of  the deficiency in our internal control over financial reporting discussed below.  ITEM 4T. CONTROLS AND PROCEDURES  Managements Quarterly Report on Internal Control over Financial Reporting.  Our management is responsible for establishing and maintaining adequate internal control over financial reporting for the company in accordance with as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:  (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;  (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and  (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.   4  Management's assessment of the effectiveness of the registrant's internal control over financial reporting is as of the three months ended November 30, 2010. We believe that internal control over financial reporting is ineffective, due to the fact that we have only one officer and director. In the future the company will endeavor to add another director with sufficient SEC and accounting related expertise, to provide adequate segregation of duties and financial accounting and reporting controls, which currently are significant deficiencies in our internal control.  Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  This quarterly report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.  There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended November 30, 2010, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.  PART II  OTHER INFORMATION Item 1. Legal Proceedings.  Bow Valley Ventures, Inc. is not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.  Item 1A.  Risk Factors. fund our exploration activities, our accountants believe there is substantial doubt about our ability to continue as a going concern We have incurred a net loss of $144,124 for the period from (inception) to November 30, 2010, and have no revenues to date. Our future is dependent upon our ability to obtain financing and upon future profitable operations from the development of our mineral claims. These factors raise substantial doubt that we will be able to continue as a going concern. If we do not obtain additional financing, our business will fail Our current operating funds are insufficient to complete Phase 2, of the proposed exploration program; however, they will be insufficient to complete the full exploration of the mineral claims and begin mining efforts should the mineral claims prove commercially viable. Therefore, we will need to obtain additional financing in order to complete our full business plan. As of November 30, 2010, we had cash in the amount of $5,687. We currently do not have any operations and we have no income. Our plan of operation calls for significant expenses in connection with the exploration of our mineral claims. We require additional financing to complete and proceed past Phase II of our exploration program. We may also require additional financing if the costs of the exploration of our mineral claims are greater than anticipated. We may also require additional financing to sustain our business operations if we are not successful in earning revenues. We currently do not have any arrangements for financing and we may not be able to obtain financing when required. Obtaining additional financing would be subject to a number of factors, including the market prices for the mineral property and metals. These factors may make the timing, amount, terms or conditions of additional financing unavailable to us. 5 Since this is an exploration project, we face a high risk of business failure due to our inability to predict the success of our business We have just begun the initial stages of exploration of our mineral claims, and thus have no way to evaluate the likelihood that we will be able to operate the business successfully. We were incorporated on   December 20, 2006 and, to date, have been involved primarily in the acquisition of the mineral claims, obtaining a summary geological report and engaged in organizational activities. Because of the unique difficulties and uncertainties inherent in mineral exploration ventures, we face a high risk of business failure Investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates. The expenditures to be incurred by us in the exploration of the mineral claims may not result in the discovery of mineral deposits. Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. If the results of Phases II and III of our exploration program do not reveal viable commercial mineralization, we may decide to abandon our claim and acquire new claims for new exploration. The acquisition of additional claims will be dependent upon us possessing capital resources at the time in order to purchase such claims. If no funding is available, we may be forced to abandon our operations. We have no known mineral reserves and if we cannot find any we will have to cease operations We have no mineral reserves. If we do not find a mineral reserve containing gold or if we cannot explore the mineral reserve, either because we do not have the money to do it or because it will not be economically feasible to do it, we will have to cease operations and investors may lose their investment. Mineral exploration, particularly for gold, is highly speculative. It involves many risks and is often non-productive. The chances of finding reserves on our mineral properties are remote and funds expended on exploration will likely be lost. Because we anticipate our operating expenses will increase prior to our earning revenues, we may never achieve profitability Prior to completion of our exploration stage, we anticipate that we will incur increased operating expenses without realizing any revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from the exploration of our mineral claims, we will not be able to earn profits or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide no assurance that we will generate any revenues or ever achieve profitability. If we are unsuccessful in addressing these risks, our business will most likely fail. Because of the inherent dangers involved in mineral exploration, there is a risk that we may incur liability or damages as we conduct our business The search for valuable minerals involves numerous hazards. As a result, we may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. At the present time we have no coverage to insure against these hazards. The payment of such liabilities may have a material adverse effect on our financial position. 6 As we undertake exploration of our mineral claims, we will be subject to compliance with government regulation that may increase the anticipated cost of our exploration program There are several governmental regulations that materially restrict mineral exploration. We will be subject to the laws of the State of Nevada as we carry out our exploration program. We may be required to obtain work permits, post bonds and perform remediation work for any physical disturbance to the land in order to comply with these laws. Our planned exploration program does not budget for regulatory compliance, there is a risk that new regulations could increase our costs of doing business and prevent us from carrying out our exploration program Because our executive officer does not have formal training specific to the technicalities of mineral exploration, there is a higher risk our business will fail Richard Hiron, our sole executive officer and director, does not have any formal training as a geologist or in the technical aspects of management of a mineral exploration company. Our management lacks technical training and experience with exploring for, starting, and operating a mine. With no direct training or experience in these areas, our management may not be fully aware of the specific requirements related to working within this industry. Our management's decisions and choices may not take into account standard engineering or managerial approaches mineral exploration companies commonly use. Consequently, our operations, earnings, and ultimate financial success could suffer irreparable harm due to management's lack of experience in this industry. Because our president, Richard Hiron, owns 54.07 % of our outstanding common stock, investors may find that corporate decisions influenced by Mr. Hiron are inconsistent with the best interests of other stockholders Mr. Hiron is our sole director and executive officer and owns 54.07 % of the outstanding shares of our common stock. Accordingly, he will have a significant influence in determining the outcome of major corporate transactions or other matters that require shareholder approval such as mergers, consolidations and the sale of all or substantially all of our assets, and also the power to prevent or cause a change in control. The interests of Mr. Hiron may differ from the interests of the other stockholders. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.  There were no sales of unregistered securities during the period covered by this report  Item 3.  Defaults Upon Senior Securities.  There were no defaults upon senior securities during the period covered by this report.  Item 4.  Submission of Matters to a Vote of Security Holders.  There were no matters submitted to a vote of security holders during the period covered by this report.  Item 5.  Other Information. We did not file Current Reports on Form 8-K during the period ended November 30, 2010    7 Item 6.  Exhibits.  Exhibits.  The following is a complete list of exhibits filed as part of this Form 10-Q.  Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.  Exhibit 31.1 Certification of Chief Executive and Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act  Exhibit 32.1 Certification of Principal Executive and Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act                                        8      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.  January 19, 2011 Bow Valley Ventures, Inc. (Registrant)  By: /s/ Richard Hiron ______________________________ Richard Hiron Chief Executive Officer and Principal Accounting Officer