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 AUGUST 31, 2008

                        Commission file number 333-145443


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

                                     NEVADA
         (State or other jurisdiction of incorporation or organization)

                            #291 - 38 Pearson Street
                        Saint Johns, Newfoundland A1A 3R1
          (Address of principal executive offices, including zip code)

                                  (902)482-3456
                     (telephone number, including area code)

       Val-U-Corp Services, Inc.
  1802 North Carson Street, Suite 212
     Carson City, NV  89701-9141              (800) 555-0738      (775) 887-0738
(Name and Address of Agent for Service)     (Telephone Number)     (Fax Number)

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: 6,340,000 shares as of October 1,
2008.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

The unaudited quarterly financial statements for the period ended August 31,
2008, prepared by the company, immediately follow.



                                       2
<PAGE>
CINNABAR VENTURES INC.
(An Exploration Stage Company)
BALANCE SHEETS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                             August 31, 2008     May 31, 2008
                                                                  - $ -             - $ -
                                                                --------           --------
                                                               (Unaudited)
                                                               <C>              <C>
ASSETS

Current assets
  Cash                                                               186              2,271
                                                                --------           --------
Total current assets                                                 186              2,271
                                                                --------           --------

Total assets                                                         186              2,271
                                                                ========           ========
LIABILITIES

Current liabilities
  Accounts payable and accrued liabilities                         1,627              1,627
  Shareholder advances                                             9,500              3,000
                                                                --------           --------
Total current liabilities                                         11,127              4,627
                                                                --------           --------

Total liabilities                                                 11,127              4,627
                                                                --------           --------

STOCKHOLDERS' EQUITY (DEFICIT)

Common stock
  Authorized:
   75,000,000 common shares with a par value of $0.001
  Issued and outstanding:
   6,340,000 common shares                                         6,340              6,340
  Additional paid in capital                                      61,560             57,060
  Deficit accumulated during the exploration stage               (78,841)           (65,756)
                                                                --------           --------
Total stockholders' deficit                                      (10,941)            (2,356)
                                                                --------           --------

Total liabilities and stockholders' deficit                          186              2,271
                                                                ========           ========
</TABLE>


               See accompanying summary of accounting policies and
                         notes to financial statements

                                       3
<PAGE>
CINNABAR VENTURES INC.
(An Exploration Stage Company)
STATEMENTS OF OPERATIONS
Three months ended August 31, 2008 and August 31, 2007
and period from May 24, 2006 (Inception) through August 31, 2008
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                    Period from
                                                                                    May 24, 2006
                                                                                   (Inception) to
                                                  August 31,        August 31,        August 31,
                                                    2008              2007              2008
                                                    - $ -             - $ -             - $ -
                                                 ----------        ----------        ----------
<S>                                              <C>               <C>              <C>
Management fees                                       3,000             3,000            27,000

General and administrative                           10,085             6,608            51,841
                                                 ----------        ----------        ----------

Net loss                                            (13,085)           (9,608)          (78,841)
                                                 ==========        ==========        ==========

Basic and diluted net loss per share                  (0.00)            (0.00)


Weighted average number of shares outstanding     6,340,000         6,340,000
                                                 ==========        ==========
</TABLE>


               See accompanying summary of accounting policies and
                         notes to financial statements

                                       4
<PAGE>
CINNABAR VENTURES INC.
(An Exploration Stage Company)
STATEMENTS OF CASH FLOWS
Three months ended August 31, 2008 and August 31, 2007
and period from May 24, 2006 (Inception) through August 31, 2008
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                       Period from
                                                                                       May 24, 2006
                                                                                      (Inception) to
                                                     August 31,        August 31,        August 31,
                                                       2008              2007              2008
                                                       - $ -             - $ -             - $ -
                                                      -------           -------           -------
<S>                                                  <C>               <C>              <C>
CASHFLOWS FROM OPERATING ACTIVITIES:
  Net loss                                            (13,085)           (9,608)          (78,841)
  Add: Non cash contribution of services                4,500             4,500            40,500
  Adjustments to reconcile net loss to cash
   used by operating activities:
  Net change in:
    Accounts payable and accrued liabilities               --                --             1,627
                                                      -------           -------           -------

CASH FLOWS USED IN OPERATING ACTIVITIES                (8,585)           (5,108)          (36,714)
                                                      -------           -------           -------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from shareholder advances                    6,500                --             9,500
  Cash received from sale of common stock                  --                --            27,400
                                                      -------           -------           -------

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES             6,500                --            36,900
                                                      -------           -------           -------

NET (DECREASE) INCREASE IN CASH                        (2,085)           (5,108)              186

CASH, BEGINNING OF PERIOD                               2,271            21,166                --
                                                      -------           -------           -------

CASH, END OF PERIOD                                       186            16,058               186
                                                      =======           =======           =======

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                            --                --                --
                                                      =======           =======           =======
  Taxes paid                                               --                --                --
                                                      =======           =======           =======
</TABLE>


               See accompanying summary of accounting policies and
                         notes to financial statements

                                       5
<PAGE>
CINNABAR VENTURES INC.
NOTES TO FINANCIAL STATEMENTS
(An Exploration Stage Company)
PERIOD FROM INCEPTION (MAY 24, 2006) TO August 31, 2008
(UNAUDITED)
--------------------------------------------------------------------------------

NOTE 1. BASIS OF PRESENTATION

The accompanying  unaudited interim financial  statements of Cinnabar  Ventures,
Inc.  ("Cinnabar"  or the  "Company")  have been  prepared  in  accordance  with
accounting principles generally accepted in the United States of America and the
rules of the Securities and Exchange Commission  ("SEC"),  and should be read in
conjunction with the audited financial statements and notes thereto contained in
the  Company's  Annual Report filed with the SEC on Form 10-K. In the opinion of
management,  all  adjustments,   consisting  of  normal  recurring  adjustments,
necessary  for a fair  presentation  of  financial  position  and the results of
operations for the interim  periods  presented have been reflected  herein.  The
results of operations for our interim periods are not necessarily  indicative of
the results to be expected for the full year. Notes to the financial  statements
that would  substantially  duplicate  the  disclosure  contained  in the audited
financial  statements  for fiscal 2008, as reported in the Form 10-K,  have been
omitted.

These  financial  statements  have been  prepared on a going concern basis which
assumes  the  Company  will be able to  realize  its assets  and  discharge  its
liabilities  in the normal course of business for the  foreseeable  future.  The
Company  anticipates  future losses in the  development of its business  raising
substantial  doubt about the Company's  ability to continue as a going  concern.
The  ability to  continue  as a going  concern  is  dependent  upon the  Company
generating  profitable  operations  in the future and/or to obtain the necessary
financing to meet its obligations and repay its liabilities  arising from normal
business  operations when they come due. Management intends to finance operating
costs  over the next  twelve  months  with  existing  cash on hand,  loans  from
directors and/or issuance of common shares.

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

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements that involve risks and
uncertainties. We use words such as anticipate, believe, plan, expect, future,
intend and similar expressions to identify such forward-looking statements. You
should not place too much reliance on these forward-looking statements. Our
actual results may differ materially from those anticipated in these
forward-looking statements.

BUSINESS

Cinnabar Ventures Inc. was incorporated in Nevada on May 24, 2006 to engage in
the acquisition, exploration and development of natural resource properties. We
are an exploration stage company with no revenues and limited operating history.
The principal executive offices are located at #291 - 38 Pearson Street, Saint
Johns, Newfoundland, Canada A1A 3R1. The telephone number is (902)482-3456.

Our mineral claim has been acquired per Quebec government requirements and we
hired a professional geologist to prepare a geological report. Based on the
following factors it is concluded by our geologist in his report that the claims
are prospective for diamond mineralization:

     1.   The Barou property is located in the Otish Mountains diamond camp.
     2.   The Barou property is located 10 km north of the Tichegamie kimberlite
          cluster
     3.   The presence of anomalously high counts of small lakes makes this 10
          km2 property prospective for the presence of kimberlite pipes.

We have not yet commenced any exploration activities on the claim. Our property,
known as the Barou Claims may not contain any mineral reserves and funds that we
spend on exploration will be lost. Even if we complete our current exploration
program and are successful in identifying a mineral deposit we will be required
to expend substantial funds to bring our claim to production.

RESULTS OF OPERATIONS

We are an exploration stage company and have generated no revenues.

Our net losses for the three months ended August 31, 2008 and 2007 were $13,085
and $9,608, respectively. Our net loss from inception (May 24, 2006) through
August 31, 2008 was $78,841. These expenses consisted of general operating
expenses incurred in connection with the day to day operation of our business
and the preparation and filing of our periodic reports.

In their report on our audited financial statements as at May 31, 2008, our
auditors raised substantial doubt about our ability to continue as a going
concern unless we are able to raise additional capital and ultimately to
generate profitable operations.

                                       7
<PAGE>
The following table provides selected financial data about our company for the
period ended August 31, 2008.

                    Balance Sheet Data:             8/31/08
                    -------------------             -------

                    Cash                           $    186
                    Total assets                   $    186
                    Total liabilities              $ 11,127
                    Shareholders' deficit          $(10,941)

LIQUIDITY AND CAPITAL RESOURCES

Our cash in the bank at August 31, 2008 was $186.

Our directors have agreed to advance funds to pay the cost of reclamation of the
property should exploitable minerals not be found and we abandon our exploration
program and there are no remaining funds in the company. While they have agreed
to advance the funds, the agreement is verbal and is unenforceable as a matter
of law.

We received our initial funding of $5,000 through the sale of common stock to
our directors in June 2006 (5,000,000 shares at $0.001) and $22,400 from sales
of common stock to investors from the period of August 2006 through November
2006. In August 2006 we offered and sold 240,000 common stock shares at $0.01
per share to 6 non-affiliated private investors for proceeds of $2,400. In
September 2006 we offered and sold 1,000,000 common stock shares at $0.01 per
share to 12 non-affiliated private investors for proceeds of $10,000. In
November 2006 we offered and sold 100,000 common stock shares at $0.10 per share
to 20 non-affiliated private investors for proceeds of $10,000.

PLAN OF OPERATION

Our plan of operation for the next twelve months is to complete the first of the
three phases of the exploration program on our claim. In addition to the $13,000
we anticipate spending for Phase 1 of the exploration program as outlined below,
we anticipate spending an additional $3,000 on professional fees, including fees
payable in connection with compliance with reporting obligations and general
administrative costs. Total expenditures over the next 12 months are therefore
expected to be approximately $16,000. If we experience a shortage of funds prior
to funding we may utilize funds from our directors, however they have no formal
commitment, arrangement or legal obligation to advance or loan funds to the
company.

The following three phase exploration proposal and cost estimate is offered with
the understanding that consecutive phases are contingent upon positive
(encouraging) results being obtained from each preceding phase and our ability
to raise additional capital after the first phase:

Phase 1 DATA EVALUATION AND PROSPECTING: A team of two prospectors will
systematically cover the area to prospect for kimberlite rocks in float or in
outcrop (approximately 8 days). Aeromagnetic data for the claim area should be
scrutinized for kimberlite signatures. Priority areas for prospecting will be
any aeromagnetic anomalies. Any kimberlite found will be sampled and analyzed
for diamonds and diamond indicator minerals.

Phase 2 GEOCHEMICAL SAMPLING: All kimberlite targets found will be prospected in
detail and systematic soil sampling will be done along lines spaced no more than
100 meters apart and with samples at 50 or 25 meter intervals. Aeromagnetic
targets totally covered by overburden should also be sampled. Sampling methods

                                       8
<PAGE>
should follow the MMI protocol and samples need to be analyzed at a specialized
MMI laboratory. Positive results will be the outline of kimberlite bodies,
through indicator element signatures. Total duration of the field campaign
depends on the number of targets present. Duration will be 1 to 2 days per
target for a 2 person prospecting-sampling crew. Processing of samples during
summer can be up to 6 weeks

Phase 3 DRILLING: Positive targets will need to be drill tested, first with
shallow (<100 meter) holes. Tentatively 5 drill holes are contemplated.

                                     BUDGET

PHASE 1 PROSPECTING                                      C $             US $
Mobilization and travel costs to Chibougamau             2,000
Prospector 8 days @ $350/day                             2,800
Assistant 8 days @ $250/day                              2,000
Camping equipment/food                                   2,300
Floatplane (shared)                                      3,000
Organization, planning                                     900
Total                                                   13,000          13,000
                                                        ------          ------
PHASE 2 GEOCHEMICAL SAMPLING
Mobilization and travel to Chibougamua                   3,000
Technician 15 days @ $400/day                            6,000
Assistant 15 days @ $250/day                             3,750
Camping equipment and food                               3,500
Floatplane charter                                       4,000
Sampling materials and equipment                           600
MiM analysis  250 samples @ $35                          8,750
Sample shipping                                            500
Drafting, Interpretation and Report                      7,000
Assessment fees                                          1,980
Planning, Organization                                   2,000
Total                                                   41,080          41,624
                                                        ------          ------
PHASE 3 DIAMOND DRILLING
500 m, 4 drill holes @ $110/m                           45,000
Supervision, organization and logging, sampling         16,000
Helicopter support 30 hrs @ $1,100                      33,000
Mobe and Demobe                                         60,000
Report, Drafting                                         6,000
Camping , travel costs, food                            25,000
                                                       185,000         187,478
                                                       -------         -------
                                                                       242,102
                                                                       =======

                                       9
<PAGE>
Subject to financing, we plan to commence Phase 1 of the exploration program on
the claim in the first quarter 2009. We expect this phase to take eight days to
complete and an additional one to two months for the geologist to prepare his
report.

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. To date, we have not commenced exploration.

Following phase one of the exploration program, if it proves successful in
identifying mineral deposits, we intend to proceed with phase two of our
exploration program. Subject to financing and the results of phase 1, we
anticipate commencing with phase 2 and 3 in summer 2009. We have a verbal
agreement with Andre Pauwels, the professional geologist who prepared the
geology report on the Balou Claims, to retain his services for our planned
exploration program. We will require additional funding to proceed with any
subsequent work on the claim; we have no current plans on how to raise the
additional funding. We cannot provide any assurance that we will be able to
raise sufficient funds to proceed with any phase of the exploration program.

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

ITEM 4. CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the 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 over
financial reporting 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.

                                       10
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS

The following exhibits are included with this filing:

     Exhibit No.                       Description
     -----------                       -----------

        3.1           Articles of Incorporation*
        3.2           Bylaws*
       31.1           Sec. 302 Certification of Chief Executive Officer
       31.2           Sec. 302 Certification of Chief Financial Officer
       32.1           Sec. 906 Certification of Chief Executive Officer
       32.2           Sec. 906 Certification of Chief Financial Officer

----------
*    Incorporated by reference and can be found in our original Form SB-2
     Registration Statement, filed under SEC File Number 333-145443, at the SEC
     website at www.sec.gov.

                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

October 6, 2008          Cinnabar Ventures Inc., Registrant


                         By: /s/ Stephanie Wood
                             ---------------------------------------------------
                             Stephanie Wood, President, Chief Executive Officer,
                             Chief Financial Officer, Principal Accounting
                             Officer and Director

                                       11