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

                                   FORM 10-QSB

(X)     Quarterly  Report  Pursuant  to  Section  13  or 15(d) of the Securities
        Exchange  Act  of  1934
                    For  the  quarterly  period  ended  August  31,  2004

(  )    Transition  Report  Pursuant  to Section 13 or 15(d) of the Securities
        Exchange  Act  of  1934

              For  the  transition  period  from  _________ to ___________

                    Commission  File  Number:  333-111996

                               SALMON EXPRESS INC.
                               -------------------
        (Exact name of small business issuer as specified in its charter)


            Nevada                                           98-0228169
            ------                                           ----------
(State  or  other  jurisdiction  of                        (IRS  Employer
incorporation or organization)                           Identification  No.)



                  6604 Topaz Drive, Vernon, BC, Canada, V1H 1N8
                  ---------------------------------------------
                    (Address of principal executive offices)

                                  (250)558-0991
                                  -------------
                           (Issuer's telephone number)
       __________________________________________________________________
    (Former name, former address and former fiscal year, if changed since last
                                     report)

Indicate  by check mark whether registrant (1) has filed all reports required to
be  filed  by  Section  12,  13  or 15(d) of the Securities Exchange Act of 1934
during  the  preceding  twelve  months  or  for  such  shorter  period  that the
Registrant  was  required to file such reports, and (2) has been subject to such
filing  requirements  for  the  past  90  days.   Yes  [X]  No  [ ]

The  number  of  shares outstanding of Registrant's common stock as of September
30,  2004  was:  15,040,000.

                                         -1-


<PAGE>
PART  I  -  FINANCIAL  INFORMATION

Item  1.  Financial  Statements.

                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                              FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004

                                    UNAUDITED

                                       F-1



<PAGE>

                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)


                                    CONTENTS
                                    --------

<TABLE>
<CAPTION>



<S>    <C>     <C>

PAGE.     F-3  BALANCE SHEETS AS OF AUGUST 31, 2004 (UNAUDITED) AND
               NOVEMBER 30, 2003

PAGE.     F-4  STATEMENTS OF OPERATIONS (UNAUDITED)

PAGE.     F-5  STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED)

PAGE.     F-6  STATEMENTS OF CASH FLOWS (UNAUDITED)

PAGES     F-7  NOTES TO FINANCIAL STATEMENTS
</TABLE>

                                      F-2


<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                      AUGUST 31, 2004 AND NOVEMBER 30, 2003
                                    UNAUDITED
                                    ---------


                                     ASSETS
                                     ------

<TABLE>
<CAPTION>



<S>                                               <C>           <C>
                                                  August 31,    November 30,
                                                     2004            2003
                                                  ------------  --------------
        (Unaudited)


CURRENT ASSETS:
Cash . . . . . . . . . . . . . . . . . . . . . .  $    11,687   $      14,429
                                                  ------------  --------------
TOTAL ASSETS . . . . . . . . . . . . . . . . . .  $    11,687   $      14,429
------------------------------------------------  ============  ==============


                  LIABILITIES AND STOCKHOLDERS' EQUITY
            ------------------------------------------------

CURRENT LIABILITIES:
  Accrued liabilities. . . . . . . . . . . . . .  $     5,843   $           -
  Loan from shareholder. . . . . . . . . . . . .       10,000               -
                                                  ------------  --------------

TOTAL LIABILITIES. . . . . . . . . . . . . . . .       15,843               -
                                                  ------------  --------------
STOCKHOLDERS' EQUITY:
  Common stock, no par value, 50,000,000 shares
    authorized, 15,040,000 shares issued
      and outstanding. . . . . . . . . . . . . .       25,000          25,000
  Deficit accumulated during development stage .      (29,156)        (10,571)
                                                  ------------  --------------
Total stockholders' equity . . . . . . . . . . .       (4,156)         14,429
                                                  ------------  --------------

TOTAL LIABILITIES AND
------------------------------------------------
  STOCKHOLDERS' EQUITY . . . . . . . . . . . . .  $    11,687   $      14,429
------------------------------------------------  ============  ==============

</TABLE>
               See accompanying notes to the financial statements.

                                      F-3


<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                       FOR THE THREE AND NINE MONTHS ENDED
                            AUGUST 31, 2004 AND 2003,
              AND FOR THE PERIOD FROM FEBRUARY 20, 2003 (INCEPTION)
                             THROUGH AUGUST 31, 2004
                                    UNAUDITED
                                    ---------


<TABLE>
<CAPTION>
                                    Three months                Nine months         Cumulative
                                   Ended August 31,           Ended August 31,        Since
                                2004           2003         2004          2003      Inception
                            ------------  ------------  ------------  ------------  ----------

<S>                         <C>           <C>           <C>           <C>           <C>
REVENUES . . . . . . . . .  $         -   $         -   $         -   $         -   $      -
                            ------------  ------------  ------------  ------------  ---------

EXPENSES:
General and administrative        6,205         1,224         8,385         1,934     13,442
Professional fees. . . . .          700             -        10,200             -     15,714
                            ------------  ------------  ------------  ------------  ---------
Total expenses . . . . . .        6,905         1,224        18,585         1,934     29,156
                            ------------  ------------  ------------  ------------  ---------

NET LOSS . . . . . . . . .  $    (6,905)  $    (1,224)  $   (18,585)  $    (1,934)  $(29,156)
--------------------------  ============  ============  ============  ============  =========

Net loss per share - basic
    and diluted. . . . . .  $         -   $         -   $         -   $         -
                            ============  ============  ============  ============
Weighted average number
   of shares Outstanding -
   basic and diluted . . .   15,040,000    15,021,389    15,040,000    11,201,004
                            ============  ============  ============  ============
</TABLE>

               See accompanying notes to the financial statements.

                                      F-4

<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        STATEMENT OF STOCKHOLDERS' EQUITY
                        FEBRUARY 20, 2003 (INCEPTION) TO
                                 AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

<TABLE>
<CAPTION>
                                                              Deficit
                                                            Accumulated
                                       Common stock           During
                                       ------------         Development
<S>                              <C>           <C>           <C>        <C>
                                    Shares        Amount       Stage      Total
                                 ------------  ------------  ---------  ---------



Common stock issued at
  $0.0005 per share, March 2003    10,000,000  $      5,000  $      -   $  5,000

Common stock issued at
  $0.002 per share, April 2003.     1,250,000         2,500         -      2,500

Common stock issued at
  $0.002 per share, May 2003. .     3,750,000         7,500         -      7,500


Common stock issued at
  $0.25 per share, July 2003. .        40,000        10,000         -     10,000
Net loss for the period . . . .             -             -   (10,571)   (10,571)
                                 ------------  ------------  ---------  ---------
BALANCE:
-------------------------------
  NOVEMBER 30, 2003 . . . . . .    15,040,000        25,000   (10,571)    14,429
-------------------------------

Net loss for the period . . . .             -             -   (18,585)   (18,585)
                                 ------------  ------------  ---------  ---------

BALANCE (UNAUDITED):
-------------------------------
  AUGUST 31, 2004 . . . . . . .    15,040,000  $     25,000  $(29,156)  $ (4,156)
-------------------------------  ============  ============  =========  =========

</TABLE>
               See accompanying notes to the financial statements.

                                      F-5

<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
               FOR THE NINE MONTHS ENDED AUGUST 31, 2004 AND 2003,
                             AND FOR THE PERIOD FROM
                        FEBRUARY 20, 2003 (INCEPTION) TO
                                 AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

<TABLE>
<CAPTION>




                                                          Nine months             Cumulative
                                                        Ended August 31,             Since
<S>                                              <C>                 <C>           <C>
                                                         2004           2003       Inception
                                                 ------------------  ------------  -----------



CASH FLOWS FROM OPERATING ACTIVITIES:

  Net loss. . . . . . . . . . . . . . . . . . .  $         (18,585)  $    (1,934)  $  (29,156)
  Changes in operating assets and liabilities:
  Accrued liabilities . . . . . . . . . . . . .              5,843             -        5,843
                                                 ------------------  ------------  -----------

  Cash flows used in operations . . . . . . . .            (12,742)       (1,934)     (23,313)
                                                 ------------------  ------------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES:

  Proceeds from common
    stock subscriptions . . . . . . . . . . . .                  -        25,000       25,000
  Proceeds of loan from shareholder . . . . . .             10,000             -       10,000
                                                 ------------------  ------------  -----------
  Cash flows provided by
    financing activities. . . . . . . . . . . .             10,000        25,000       35,000
                                                 ------------------  ------------  -----------

NET INCREASE (DECREASE)
  IN CASH . . . . . . . . . . . . . . . . . . .             (2,742)       23,066       11,687

CASH - BEGINNING OF
  PERIOD. . . . . . . . . . . . . . . . . . . .             14,429             -            -
                                                 ------------------  ------------  -----------

CASH - END OF PERIOD. . . . . . . . . . . . . .  $          11,687   $    23,066   $   11,687
-----------------------------------------------  ==================  ============  ===========

</TABLE>

               See accompanying notes to the financial statements.
                                        F-6

<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

NOTE  1     BACKGROUND
-------     ----------

Salmon  Express Inc. (the "Company") was formed and incorporated in the State of
Nevada  on February 20, 2003 and is a development stage company with no revenues
since  its  inception.  The  Company intends to be a supplier of quality Alaskan
salmon  products.  The  Company  has  developed  a  system  of processing (flash
freezing  and  cryo-vacuum  packaging) and distribution of salmon from the North
Pacific  Ocean.  The  Company  plans  to  begin commercial business operation in
2004.

Since  its  inception, the Company has been dependant upon the proceeds of stock
sales  from  its stockholders to fund its continuing activities.  In addition to
the  normal  risks  associated  with  a  new  business  venture, there can be no
assurance  that  the Company's product development will be a commercial success.
Nor  can  the  Company  give  any  assurance  that  it will generate substantial
revenues  or  that  its  business  operations  will  prove  to  be  profitable.

The  Company  has  elected  November  30  as  its  fiscal  year  end.

NOTE  2     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  AND  ORGANIZATION
-------     -----------------------------------------------------------------

(A)  DEVELOPMENT  STAGE  ENTERPRISE
-----------------------------------

The  Company  is  a  development  stage  enterprise  as  defined by Statement of
Financial  Accounting  Standards  (SFAS)  No.  7,  "Accounting  and Reporting by
Development  Stage  Enterprises."  All losses accumulated since the inception of
the  Company  have  been  considered  as part of the Company's development stage
activities.

(B)  BASIS  OF  PRESENTATION  OF  UNAUDITED  FINANCIAL  INFORMATION
-------------------------------------------------------------------

The  accompanying  unaudited  financial statements as of August 31, 2004 and for
the  nine  months  then  ended  have been prepared in conformity with accounting
principles generally accepted in the United States of America and regulation S-B
for  interim  financial  information  and should be read in conjunction with the
audited  November  30,  2003  financial  statements  and  notes thereto.  In the
opinion  of  management,  all  adjustments  (consisting only of normal accruals)
considered  necessary  for  a  fair  presentation have been included.  Operating
results  for  the nine months ended August 31, 2004 are not necessary indicative
of  the  result  that  may  be  expected  for the year ending November 30, 2004.

                                        F-7



<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

The  accompanying  interim  condensed financial statements are unaudited, but in
the opinion of management of the Company, contain all adjustments, which include
normal recurring adjustments, necessary to present fairly the financial position
at  August  31,  2004,  the  results of operations for the three and nine months
ended  August 31, 2004 and 2003, and cash flows for the nine months ended August
31,  2004  and  2003.  The balance sheet as of November 30, 2003 is derived from
the  Company's  audited  financial  statements.

(C)  USE  OF  ESTIMATES
-----------------------

The  preparation  of  the  financial  statements  in  conformity with accounting
principles  generally  accepted  in  the  United  States  of  America  requires
management to make estimates and assumptions that affect the reported amounts of
assets  and  liabilities and 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.

(D)  LOSS  PER  COMMON  SHARE
-----------------------------

Net  loss  per common share (basic and diluted) is based on the net loss divided
by  the weighted average number of common shares outstanding during each period.
Common stock equivalents are not included in the calculation of diluted loss per

share,  because  their effect would be anti-dilutive.  There are no common stock
equivalents  outstanding  as  of  August  31,  2004  and  November  30,  2003.

(E)  IMPAIRMENT  OF  LONG-LIVED  ASSETS
---------------------------------------

In  August  2001,  the  Financial  Accounting  Standards  Board  ("FASB") issued
Statement of Financial Accounting Standards ("SFAS") No. 144, Accounting for the
Impairment  of  Disposal  of  Long-Lived  Assets  ("Statement  No.  144").  This
pronouncement  superceded  Statement  of Financial Accounting Standards No. 121,
Accounting  for  the Impairment of Long-Lived Assets and Long-Lived Assets to be
Disposed  of  ("Statement No. 121") and was required to be adopted on January 1,
2002.

Statement No. 144 retained the fundamental provisions of Statement No. 121 as it
related  to assets to be held and used and assets to be sold.  Statement No. 144
requires  impairment  losses to be recorded on assets to be held and used by the
Company  when  indicators  of  impairment  are present and the undiscounted cash
flows  estimated  to  be  generated  by  those assets are less than the carrying
amount of the assets.  When an impairment loss is required for assets to be held
and  used by the Company, the related asset are adjusted to their estimated fair
value.  Fair  value  represents  the amount at which an asset could be bought or
sold  in  a  current  transaction

                                     F-8
<PAGE>

                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

between willing parties, that is, other than a forced  or  liquidation  sale.

The  estimation process involved in determining if assets have been impaired and
in  the  determination of fair value is inherently uncertain because it requires
estimates  of  current  market  yields  as well as future events and conditions.
Such  future  events  and  conditions include economic and market conditions, as
well  as  availability of suitable financing to fund acquisition and development
activities.  The  realization  of  the  Company's  revenue  producing  assets is
dependant  upon  future  uncertain  events  and  conditions and accordingly, the
actual  timing  and  amount  realized by the Company may be materially different
from  their  estimated  value.

(F)  RECENT  ACCOUNTING  PRONOUNCEMENTS
---------------------------------------

In  January  2003,  the  Financial  Accounting  Standards  Board ("FASB") issued
Interpretation  No.  46,  "Consolidation  of  Variable  Interest  Entities",  an
interpretation  of  Accounting  Research  Bulletin ("ARB") No. 51, "Consolidated
Financial Statements".  In December 2003, FASB issued a revised version of FIN46
(FIN46R)  that replaced the original FIN46.  Interpretation of No. 46R addresses
consolidation  by business enterprises of variable interest entities, which have
one  or both of the following characteristics: (i) the equity investment at risk
is  not  sufficient  to  permit  the  entity  to  finance its activities without

additional  subordinated  support  from other parties, which is provided through
other  interests  that  will  absorb  some  or all of the expected losses of the
entity:  (ii)  the  equity investors lack one or more of the following essential
characteristics  of  a  controlling  financial  interest: the direct or indirect
ability to make decisions about the entities activities through voting rights or
similar rights; or the obligation to absorb the expected losses of the entity if
they  occur,  which  makes it possible for the entity to finance its activities;
the  right to receive the expected residual returns of the entity if they occur,
which  is  the  compensation  for  the  risk  of  absorbing the expected losses.

Interpretation  of No. 46, as revised, also requires expanded disclosures by the
primary  beneficiary  (as  defined)  of  a  variable  interest  entity and by an
enterprise  that  holds  a  significant  variable  interest  entity  and  by  an
enterprise  that  holds  a  significant variable interest in a variable interest
entity  but  is  not  the  primary  beneficiary.

Interpretation of No. 46, as revised, applies to small business issuers no later
than  the  end  of the first reporting period that ends after December 15, 2004.
This  effective  date  included  those  entities  to which Interpretation 46 has
previously  been  applied.  However,  prior  to  the  required  application  of
Interpretation  of No. 46, a public entity that is a small business issuer shall
apply purpose entities no later than as of the end of the first reporting period
that  ends  after  December  15,  2003.

                                      F-9
<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

Interpretation  No.  46  may  be  applied prospectively with a cumulative-effect
adjustment  as  of  the  date  on  which  it  is  first  applied or by restating
previously  issued  financial  statements  for  one  or  more  years  with  a
cumulative-effect  adjustment  as  of  the beginning of the first year restated.

In  June  2003,  the  FASB issued an Exposure Draft for a proposed SFAS entitled
"Qualifying  Special  Purpose  Entities  ("QSPE")  and  Isolation of Transferred
Assets",  an  amendment  of  SFAS  No. 140 ("The Exposure Draft").  The Exposure
Draft  is  a  proposal  that  is  subject  to  change  and  as  such  is not yet
authoritative.  If  the  proposal  is enacted in its current form, it will amend
and  clarify SFAS 140.  The Exposure Draft would prohibit an entity from being a
QSPE  if  it  enters  into an agreement that obligated a transferor of financial
assets,  its affiliates or its agents to deliver additional cash or other assets
to  fulfill  the  special-purposes  entity's  obligation  to beneficial interest
holders.

In  April  2003,  the  FASB  issued SFAS No. 149, "Amendment of Statement 133 on
Derivative  Instruments  and  Hedging  Activities".  SFAS  No.  149  amends  and
clarifies  financial  accounting reporting for derivative instruments, including
certain  derivative  instruments  embedded  in  other  contracts  (collectively
referred  to  as  derivatives)  and  for  hedging activities under SFAS No. 133,
"Accounting  for Derivative Instruments and Hedging Activities".  The changes in
SFAS  No.  149  improve  financial  reporting  by  requiring that contracts with
comparable  characteristics  be  accounted  for  similarly.  This  statement  is
effective  for contracts entered into or modified after June 30, 2003 and all of

its  provisions  should  be  applied  prospectively.

In  May  2003,  the  FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments  with Characteristics of both Liabilities and Equity".  SFAS No. 150
changes the accounting for certain financial instruments with characteristics of
both  liabilities  and equity that, under previous pronouncements, issuers could
account  for  as  equity.  The new accounting guidance contained in SFAS No. 150
requires  that  those  instruments  be  classified as liabilities in the balance
sheet.

SFAS  No.  150  affects  the issuer's accounting for three types of freestanding
financial  instruments.  One  type  is  mandatorily redeemable shares, which the
issuing  company is obligated to buy back in exchange for cash and other assets.
A  second  type  includes  put  options  and  forward  purchase contracts, which
involves  instruments  that do or may require the issuer to buy back some of its
shares in exchange for cash or other assets.  The third type of instruments that
are  liabilities  under  this  Statement is obligations that can be settled with
shares,  the monetary value of which is fixed, tied solely or predominantly to a
variable  such  as  a  market  index,  or varies inversely with the value of the
issuer's  shares.

                                      F-10
<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

SFAS  No. 150 does not apply to features embedded in a financial instrument that
is  not  a  derivative in its entirety.  Most of the provisions of Statement 150
are  consistent  with  the  existing  definition of liabilities in FASB Concepts
Statements  No. 6, "Elements of Financial Statements".  The remaining provisions
of  this  Statement  are  consistent  with  the  FASB's  proposal to revise that
definition  to encompass certain obligations that a reporting entity can or must
settle  by  issuing  its  own  shares.  This  Statement  shall  be effective for
financial  instruments entered into or modified after May 31, 2003 and otherwise
shall  be effective at the beginning of the first interim period beginning after
June  15,  2003,  except  for  mandatorily redeemable financial instruments of a
non-public  entity,  as  to  which  the  effective  date  is  for fiscal periods
beginning  after  December  15,  2003.

Management  does not expect the implementation of these recent pronouncements to
have  a  material  effect  on  the  Company's  financial  position of results of
operations.

(G)  FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS
--------------------------------------------

The  carrying amounts of the Company's financial instruments, which is comprised
of  cash  and  accrued  liabilities  at August 31, 2004, approximates their fair
values  due  to  the  short  term  nature  of  these  instruments.

NOTE  3     GOING  CONCERN
-------     --------------

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  The  Company has no revenues or
business  operations  and  incurred a net loss of $18,585 and negative cash flow
from  operations  of  $2,742 for the nine month period ended August 31, 2004 and
has  an  accumulated  deficit  of  $29,156.  These  conditions raise substantial
doubt  about  the  Company's  ability  to  continue  as  a  going  concern.

Funds  received  from  the Company's private offerings have provided the Company
with  enough  funds to execute the initial stages of the Company's business plan
which  includes  the  initial development of the Company's internet web site and
1-800  ordering service, the Company's product and logo development, development
of  key  products, and the ongoing establishment of distribution agreements with
key  high-end  salmon  distributors in the region the Company intends to market.
Under  currently  anticipated  budgetary  constraints,  and assuming the Company
fails  to  generate  any  revenues  in its first year of operation commencing in
2004,  the  Company  anticipates  that  it will have an operational Internet web
site,  being  Salmonx.com,  an  operational  1-800  number service, distribution
channels established with high quality salmon products distributors, and several
salmon  express  products available, in various packaging schemes, for order and
fast  delivery.
                                        F-11
<PAGE>
                               SALMON EXPRESS INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                        NINE MONTHS ENDED AUGUST 31, 2004
                                    UNAUDITED
                                    ---------

To  jump  start  our  business  plan and to operate our business for the next 12
months,  we  believe  we  will need approximately $50,000.  We plan on obtaining
this  operating  capital  from  our  own available funds, and we expect to raise
capital  through  the  sale  of  equity  capital  if  business  revenues are not
available  to  pay necessary expenses.  However, if funds are not available from
these  sources,  our  director  and President, Mr. Pete Smith has agreed to loan
Salmon  Express  up  to $50,000 in furtherance of our plan of operations for the
next  twelve  months.  We have drawn $10,000 of this $50,000 to August 31, 2004.
The  cash  on  hand  we  have at the present time will sustain the operations of
Salmon Express for approximately four months.  We do not anticipate the need for
any  additional  employees during the next twelve months other than the services
of  the  individuals discussed above, unless initial response to our products is
extremely  positive  and  orders  are  more  numerous  than  expected.

                                   F-12
<PAGE>

Item  2.  Management's  Discussion  and  Analysis  or  Plan  of  Operations

Plan  of  Operations

Cautionary  Statement  Regarding  Forward-looking  Statements

This  report  may  contain  "forward-looking"  statements.  Examples  of
forward-looking  statements  include, but are not limited to: (a) projections of
our  revenues,  capital  expenditures,  growth,  prospects,  dividends,  capital
structure  and  other  financial  matters;  (b)  statements  of  our  plans  and
objectives; (c) statements of our future economic performance; (d) statements of
assumptions underlying other statements and statements about us and our business
relating  to  the  future;  and (e) any statements using the words "anticipate,"
"expect,"  "may,"  "project,"  "intend"  or  similar  expressions.

Business  Plan  for  Next  12  Months

We  plan to commence operations slowly over the first year, starting sometime in
the fourth quarter of 2004.  Our initial commencement of operations will involve
the  functioning  of  our  three  streams  for  generating revenue: the sale and
delivery  of  salmon  products  through  our  website  salmonx.com; the sale and
delivery  of  salmon  products  through  our  1-800 phone line; and the sale and
delivery  of other seafood products when in season through both the web site and
the  1-800  phone  line.  At  the  commencement  of  operations  we  will  have
established  distribution  channels to meet any orders we receive.  As of August
31,  2004,  the  company  had  established  two  main distribution channels, one
through  a  Canadian  processing company located in the Queen Charlotte Islands,
and  one  through  an  American  processing  company  located  in  Bellingham,
Washington.  Both  processors have indicated they can provide wild salmon caught
from  waters  specified by the company as "Salmon Express" waters (in and around
the  Dixon  Entrance,  just  off  the  coast from Ketchikan, Alaska).  We do not
intend to establish an inventory until we have engaged in our marketing strategy
for  a  period of several months.  In the future, based on initial demand trends
and  early  market  response,  we  may  obtain  cold storage space (suitable for
holding  flash  frozen  seafood  products)  and establish an inventory of Salmon
Express  products.  Ultimately,  once  we  can  predict  demand, establishing an
inventory  will  improve  our  ability  to  obtain whole-sale prices for seafood
products  and  make  quality  control and delivery more efficient.  We intend to
maintain  good  relationships  with  a  number of salmon suppliers in our target
geographic  region  so  that  our  inventory  can  be  maintained, diminished or
increased  depending  on  initial  consumer  response.

At the commencement of operations we intend to make Salmon Express Inc. known to
our  target  niche  customers  by way of high-quality brochures sent directly to
them.  These  brochures  will highlight the superior quality of our product, the
products available and ordering information.

                                    -2-
<PAGE>

We may send product samples to the
extent  revenues  will  allow.  As of August 31, 2004, the company had completed
its  first  run of color brochures and had completed its internet brochure.   In
September of 2004, the company intends to mail these brochures to businesses and
people  on a contact list, compiled by Mr. Smith and Mr. Weitzman.  In total, it
is  anticipated  that  over 100 high-end restaurants, businesses and individuals
will  receive brochures and/or samples in September, with that number increasing
in each successive month.  As of September 20, 2004 over 50 of the brochures had
already  been  distributed.

We will also market Salmon Express products through our internet web-site, which
will use pictures, slogans and various search engine hit maximization strategies
to market our product platform.  In addition, we will contract with our web-site
designer  to  register  key  salmon  shopping  terms  on various internet search
engines.  The  initial  version  of a Salmonx.com web site is complete and fully
functional  with  more  advanced  versions  to follow as financing permits.  The
total  cost  for  the  initial  web site was approximately $2,674.  We have made
arrangements  with our current designer to maintain our website at a cost of $30
per  hour.

Funds  received from our private offerings have provided us with enough funds to
execute  the  initial  stages  of  our  business plan which includes the initial
development of our internet web site and 1-800 ordering service, our product and
logo  development, development of key products, and the ongoing establishment of
distribution  agreements  with key high-end salmon distributors in the region we
intend  to  market.  Under  currently  anticipated  budgetary  constraints,  and
assuming  we  fail  to  generate  any  revenues  in  our first year of operation
commencing  in 2004, we anticipate that we will have an operational Internet web
site,  being  Salmonx.com,  an  operational  1-800  number service, distribution
channels established with high quality salmon products distributors, and several
salmon  express  products available, in various packaging schemes, for order and
fast  delivery.

Liquidity  and  Capital  Resources

To  jump  start  our  business  plan and to operate our business for the next 12
months,  we  believe  we  will need approximately $50,000.  We plan on obtaining
this  operating capital from funds generated by sales of product , and we expect
to raise capital through the sale of equity capital if business revenues are not
available  to  pay necessary expenses.  However, if funds are not available from
these  sources,  our  director  and President, Mr. Pete Smith has agreed to loan
Salmon  Express  up  to $50,000 in furtherance of our plan of operations for the
next  twelve months.  Mr. Smith's agreement to loan Salmon Express up to $50,000
is  in  writing.  In  August  of  2004,  Mr. Smith loaned the company a total of
$10,000.  The  cash  on  hand  we  have  at  the  present  time will sustain the
operations  of  Salmon  Express  for  approximately  four  months.  We  do  not
anticipate  the  need for any additional employees during the next twelve months
other  than  the  services  of  the  individuals discussed above, unless initial
response to our products is extremely positive and orders are more numerous than
expected.

Going  Concern

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  The  Company has no revenues or
business  operations  and  incurred

                                     -3-
<PAGE>

a  net  loss  and  negative  cash flow from
operations  of  $6,905 for the three month period ended August 30, 2004, $18,585
for  the  nine  months  ended  August  31,  2004  and $10,571 for the year ended
November 30, 2003.  These conditions raise substantial doubt about the Company's
ability  to  continue  as  a  going  concern.

Funds  received  from  the Company's private offerings have provided the Company
with  enough  funds to execute the initial stages of the Company's business plan
which  includes  the  initial development of the Company's internet web site and
1-800  ordering service, the Company's product and logo development, development
of  key  products, and the ongoing establishment of distribution agreements with
key  high-end  salmon  distributors in the region the Company intends to market.
Under  currently  anticipated  budgetary  constraints,  and assuming the Company
fails  to generate any revenues in its first year of operation commencing in the
fourth quarter of 2004, the Company anticipates that it will have an operational
Internet  web  site,  being  Salmonx.com,  an  operational 1-800 number service,
distribution  channels  established  with  high  quality  salmon  products
distributors,  and  several  salmon  express  products  available,  in  various
packaging  schemes,  for  order  and  fast  delivery.  For  further  information
relevant  to  the  Company's ability to continue as a going concern, see section
"Liquidity  and  Capital  Resources"  above.

Recent  Accounting  Pronouncements

In  January  2003,  (as  revised  in  December  2003)  The  Financial Accounting
Standards  Board  ("FASB")  issued  Interpretation  No.  46,  "Consolidation  of
Variable  Interest  Entities", an interpretation of Accounting Research Bulletin
("ARB")  No.  51,  "Consolidated  Financial  Statements".  Interpretation No. 46
addresses  consolidation  by business enterprises of variable interest entities,
which  have  one  or  both  of  the  following  characteristics:  (i) the equity
investment  at  risk  is  not  sufficient  to  permit  the entity to finance its
activities  without additional subordinated support from other parties, which is
provided  though  other  interest  that  will  absorb  some  or  all  of  the
expected  losses  of  the  entity:  (ii)  the  equity  investors  lack  one  or
more  of  the following  essential  characteristics  of  a controlling financial
interest:  the  direct  or  indirect  ability  to  make  decisions  about  the
entities  activities  through  voting  rights  or  similar  rights;  or  the
obligation  to absorb the expected  losses  of  the  entity if they occur, which
makes  it  possible  for  the entity  to  finance  its  activities; the right to
receive  the  expected  residual returns  of  the entity if they occur, which is
the  compensation  for  the  risk  of  absorbing  the  expected  losses.

Interpretation  No.  46,  as  revised, also requires expanded disclosures by the
primary  beneficiary  (as  defined)  of  a  variable  interest  entity and by an
enterprise  that  holds  a  significant  variable  interest  entity  and  by  an
enterprise  that  holds  a  significant variable interest in a variable interest
entity  but  is  not  the  primary  beneficiary.

Interpretation  No.  46,  as revised, applies to small business issuers no later
than  the  end  of the first reporting period that ends after December 15, 2004.
This  effective  date included those entities to which Interpretation No. 46 has
previously  been  applied.  However,  prior  to  the  required  application  of
Interpretation  No.  46,  a  public entity that is a small business issuer shall
apply purpose entities no later than as of the end of the first reporting period
that  ends  after  December  15,  2003.

                                      -4-
<PAGE>


Interpretation  No.  46  may  be  applied prospectively with a cumulative-effect
adjustment  as  of  the  date  on  which  it  is  first  applied or by restating
previously  issued  financial  statements  for  one  or  more  years  with  a
cumulative-effect  adjustment  as  of  the beginning of the first year restated.

In  June  2003,  the  FASB issued an Exposure Draft for a proposed SFAS entitled
"Qualifying  Special  Purpose  Entities  ("QSPE")  and  Isolation of Transferred
Assets",  an  amendment  of  SFAS  No. 140 ("The Exposure Draft").  The Exposure
Draft  is  a  proposal  that  is  subject  to  change  and  as  such  is not yet
authoritative.  If  the  proposal  is enacted in its current form, it will amend
and  clarify SFAS 140.  The Exposure Draft would prohibit an entity from being a
QSPE  if  it  enters  into an agreement that obligated a transferor of financial
assets,  its affiliates or its agents to deliver additional cash or other assets
to  fulfill  the  special-purposes  entity's  obligation  to beneficial interest
holders.

In  April  2003,  the  FASB  issued SFAS No. 149, "Amendment of Statement 133 on
Derivative  Instruments  and  Hedging  Activities".  SFAS  No.  149  amends  and
clarifies  financial  accounting reporting for derivative instruments, including
certain  derivative  instruments  embedded  in  other  contracts  (collectively
referred  to  as  derivatives)  and  for  hedging activities under SFAS No. 133,
"Accounting  for Derivative Instruments and Hedging Activities".  The changes in
SFAS  No.  149  improve  financial  reporting  by  requiring that contracts with
comparable  characteristics  be  accounted  for  similarly.  This  statement  is
effective  for contracts entered into or modified after June 30, 2003 and all of
its  provisions  should  be  applied  prospectively.

In  May  2003,  the  FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments  with Characteristics of both Liabilities and Equity".  SFAS No. 150
changes the accounting for certain financial instruments with characteristics of
both  liabilities  and equity that, under previous pronouncements, issuers could
account  for  as  equity.  The new accounting guidance contained in SFAS No. 150
requires  that  those  instruments  be  classified as liabilities in the balance
sheet.

SFAS  No.  150  affects  the issuer's accounting for three types of freestanding
financial  instruments.  One  type  is  mandatory  redeemable  shares, which the
issuing  company is obligated to buy back in exchange for cash and other assets.
A  second  type  includes  put  options  and  forward  purchase contracts, which
involves  instruments  that do or may require the issuer to buy back some of its
shares in exchange for cash or other assets.  The third type of instruments that
are  liabilities  under  this  Statement is obligations that can be settled with
shares,  the monetary value of which is fixed, tied solely or predominantly to a
variable  such  as  a  market  index,  or varies inversely with the value of the
issuer's  shares.

SFAS  No. 150 does not apply to features embedded in a financial instrument that
is  not  a  derivative in its entirety.  Most of the provisions of Statement 150
are  consistent  with  the  existing  definition of liabilities in FASB Concepts
Statements  No. 6, "Elements of Financial Statements".  The remaining provisions
of  this  Statement  are  consistent  with  the  FASB's  proposal to revise that
definition  to encompass certain obligations that a reporting entity can or must
settle  by  issuing  its  own  shares.  This  Statement  shall  be effective for
financial  instruments

                                       -5-
<PAGE>

entered into or modified after May 31, 2003 and otherwise
shall  be effective at the beginning of the first interim period beginning after
June  15,  2003,  except  for  mandatory  redeemable  financial instruments of a
non-public  entity,  as  to  which  the  effective  date  is  for fiscal periods
beginning  after  December  15,  2003.

Management  does not expect the implementation of these recent pronouncements to
have  a  material  effect  on  the  Company's  financial  position of results of
operations.

Item  3.  Controls  and  Procedures.

As  of  the  end of the period covered by this report, Management carried out an
evaluation  of  the  effectiveness  of the design and operation of the Company's
disclosure  controls and procedures, pursuant to Exchange Act Rule 13a-15(c) and
15d-15(c) which includes inquiries made to certain other of our employees. Based
on  the  foregoing,  the  Principal  Executive  Officer  and Principal Financial
Officer  concluded  that  the  Company's  disclosure controls and procedures are
effective  to  timely  alert  them  to  any material information relating to the
Company  that  must  be  included  in  the  Company's'  periodic SEC filings. In
addition,  there  have  been  no  significant  changes in the Company'' internal
controls  over  financial  reporting  that  occurred  during  the fiscal quarter
covered  by this quarterly report that has materially affected, or is reasonably
likely  to  materially  affect,  the  Company's  internal control over financial
reporting.

PART  II  -  OTHER  INFORMATION

Item  6.  Exhibits  and  Reports  on  Form  8-K.

(a)  Exhibits

31.1    Certification  of CEO and CFO pursuant to Securities Exchange Act rules
        13a-15  and  15d-15(c)  as adopted pursuant to section 302 of the
        Sarbanes-Oxley act  of  2002.


32.1    Certification  of  CEO  and  CFO pursuant to 18 U.S.C. section 1350, as
        adopted  pursuant  to  section  906  of  the  Sarbanes-Oxley  act  of
        2002.

(b)  Reports  on  Form  8-K

     On  September 22, 2004, the Registrant filed its current report on Form 8-K
disclosing  its  change  in  certifying  accountant  under  item  4.01.

                                   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.

SALMON  EXPRESS  INC.


By:  /s/ Pete Smith
     ------------------------------------

     Pete  Smith
     CEO  and  CFO
     (Principal  Executive  Officer)
     (Principal  Financial  Officer)
     (Principal  Accounting  Officer)

     Date:     October  7,  2004

                                           -6-