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

                                   FORM 10-QSB
                                   -----------

                                   (Mark One)

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

                  For the Quarterly Period Ended March 31, 2005

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

           For the Transition Period from            to
                                          -----------   -------------

                       Commission File Number: 333-120951

                             FORTUNE PARTNERS, INC.
                             ----------------------
             (Exact name of registrant as specified on its charter)

            NEVADA                                               98-0433974
            -------                                              ----------
(State or other jurisdiction of                                (IRS. Employer
incorporation or organization)                               Identification No.)

     1100-1050 W. Pender Street
       Vancouver, B.C. Canada                                      V6E 3S7
     --------------------------                                    -------
(Name and address of principal executive offices)                (Zip Code)

                                 (604) 714-3663
                                 --------------
              (Registrant's telephone number, including area code)

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 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 past 90 days.     Yes  X    No
                                          -----    -----

    APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant filed all documents and reports
required to be field by Section 12, 13 or 15(d) of the Securities Exchange Act
of 1934 after the distribution of securities under a plan confirmed by a court.
Yes        No
    -----    -----

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the registrant's classes of
common equity, as of the latest practicable date: 5,000,000 shares issued and
outstanding as of May 6, 2005.






<PAGE>






                         PART I - FINANCIAL INFORMATION
                         ------------------------------

Item 1.  Financial Statements
-----------------------------


<TABLE>
<CAPTION>
Fortune Partners, Inc.
(An Exploration Stage Company)
Balance Sheets
(Expressed in US dollars)


                                                                          March 31,       September 30,
                                                                             2005              2004
                                                                              $                 $
                                                                         (unaudited)        (audited)
                                                                        --------------    --------------

<S>                                                                     <C>               <C>
ASSETS

Current Assets

Cash                                                                           40,177            79,010
--------------------------------------------------------------------------------------------------------

Total Assets                                                                   40,177            79,010
========================================================================================================


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable                                                               11,800                 -
Accrued liabilities                                                             1,600             4,000
--------------------------------------------------------------------------------------------------------

Total Liabilities                                                              13,400             4,000
--------------------------------------------------------------------------------------------------------

Commitments and Contingencies (Note 1)

Stockholders' Equity

Common Stock, 100,000,000 shares authorized, $0.001 par value
 5,000,000 and 5,250,000 shares issued and outstanding respectively
 (Note 5)                                                                       5,000             5,250

Additional Paid in Capital                                                     76,000            80,750

Donated Capital (Note 4)                                                       18,750             5,250

Deficit Accumulated During the Exploration Stage                              (72,973)          (16,240)
--------------------------------------------------------------------------------------------------------

Total Stockholders' Equity                                                     26,777            75,010
--------------------------------------------------------------------------------------------------------

Total Liabilities and Stockholders' Equity                                     40,177            79,010
========================================================================================================
</TABLE>

















                                        2
<PAGE>




<TABLE>
<CAPTION>
Fortune Partners, Inc.
(An Exploration Stage Company)
Statements of Operations
(Expressed in US dollars)


                                                     From                                                        From
                                               August 26, 2004                                             August 26, 2004
                                                   (Date of          Three Months         Six Months           Date of
                                                Inception) to           Ended               Ended           Inception) to
                                                  March 31,           March 31,           March 31,         September 30,
                                                     2005                2005                2005                2004
                                                      $                   $                   $                   $
                                                 (unaudited)         (unaudited)         (unaudited)          (audited)
                                               ----------------    ----------------    ----------------    ----------------


Revenue                                                      -                   -                   -                   -
---------------------------------------------------------------------------------------------------------------------------


Expenses

<S>                                            <C>                 <C>                 <C>                 <C>
   Bank charges                                             53                  14                  53                   -
   Donated services and rent (Note 4)                   18,750               6,750              13,500               5,250
   Mineral expenses (Note 3)                            12,083                   -              12,083                   -
   Professional fees and organizational costs           39,571               2,699              28,581              10,990
   Transfer agent and filing fees                        2,516               1,424               2,516
---------------------------------------------------------------------------------------------------------------------------

Total Expenses                                          72,973              10,887              56,733              16,240
---------------------------------------------------------------------------------------------------------------------------

Net Loss For the Period                                (72,973)            (10,887)            (56,733)            (16,240)
===========================================================================================================================


Net Loss Per Share - Basic and Diluted                                           -                (.01)               (.02)
===========================================================================================================================


Weighted Average Shares Outstanding                                      5,000,000           5,000,000             729,000
===========================================================================================================================
</TABLE>





























                                        3
<PAGE>



<TABLE>
<CAPTION>
Fortune Partners, Inc.
(An Exploration Stage Company)
Statements of Cash Flows
(Expressed in US dollars)


                                                                           From
                                                                     August 26, 2004
                                                      Six Months         Date of
                                                        Ended         Inception) to
                                                      March 31,       September 30,
                                                         2005              2004
                                                          $                 $
                                                     (unaudited)        (audited)
                                                    --------------    --------------

<S>                                                 <C>               <C>
Cash Flows Used In Operating Activities

Net loss for the period                                   (56,733)          (16,240)

Adjustments to reconcile net loss to cash:

   Donated services and rent                               13,500             5,250
   Expenses paid for by issuing shares                          -             5,000

Change in operating assets and liabilities:

   Increase in accounts payable                             6,800                 -
   (Decrease) increase in accrued liabilities              (2,400)            4,000
------------------------------------------------------------------------------------

Net Cash Used in Operating Activities                     (38,833)           (1,990)
------------------------------------------------------------------------------------

Cash Flows Used In Investing Activities                         -                 -
------------------------------------------------------------------------------------

Cash Flows From Financing Activities

   Proceeds from issuance of common stock                       -            81,000
------------------------------------------------------------------------------------

Net Cash Flows Provided By Financing Activities                 -            81,000
------------------------------------------------------------------------------------

(Decrease) Increase in Cash                               (38,833)           79,010

Cash - Beginning of Period                                 79,010                 -
------------------------------------------------------------------------------------

Cash - End of Period                                       40,177            79,010
====================================================================================


Supplemental Disclosures

   Interest paid                                                -                 -
   Income taxes paid                                            -                 -
====================================================================================


Non-cash Investing and Financing Activities

   A total of 250,000 shares were returned to
    treasury anda previous account payable
    re-instated (Note 5)                                    5,000                 -
====================================================================================
</TABLE>













    (The accompanying notes are an integral part of the financial statements)

                                        4
<PAGE>




Fortune Partners, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements


1.   Exploration Stage Company
     -------------------------

     The Company was incorporated in the State of Nevada on August 26, 2004. The
     Company  is an  Exploration  Stage  Company,  as defined  by  Statement  of
     Financial  Accounting  Standard  ("SFAS")  No. 7. The  Company's  principal
     business  is the  acquisition  and  exploration  of mineral  properties  as
     discussed in Note 3. We are an  exploration  stage  company and there is no
     assurance that a commercially  viable mineral  deposit exists on any of our
     properties, and a great deal of further exploration will be required before
     a final evaluation as to the economic and legal  feasibility for our future
     development is determined..

     These  financial  statements  have been prepared on a going concern  basis,
     which implies the Company will continue to realize its assets and discharge
     its  liabilities  in the normal  course of business.  The Company has never
     generated  revenues since inception and has never paid any dividends and is
     unlikely  to  pay  dividends  or  generate  earnings  in the  immediate  or
     foreseeable  future.  The continuation of the Company as a going concern is
     dependent  upon the  ability  of the  Company  to obtain  necessary  equity
     financing to continue operations and to determine the existence,  discovery
     and successful  exploitation  of economically  recoverable  reserves in its
     mineral  properties,   confirmation  of  the  Company's  interests  in  the
     underlying properties,  and the attainment of profitable operations.  As at
     March 31,  2005,  the  Company  has  accumulated  losses of  $72,973  since
     inception. These financial statements do not include any adjustments to the
     recoverability   and   classification   of  recorded   asset   amounts  and
     classification of liabilities that might be necessary should the Company be
     unable to continue as a going  concern.  These  factors  raise  substantial
     doubt regarding the Company's ability to continue as a going concern.

     The Company's SB-2 Registration Statement with the United States Securities
     and Exchange  Commission was declared effective on April 22, 2005. Pursuant
     to this Registration  Statement the Company registered  2,744,000 shares of
     common  stock for  resale by  existing  stockholders  of the  Company.  The
     Company will not receive any  proceeds  from the resale of shares of common
     stock by the selling  stockholders.  The Company has made  application with
     the North American Securities Dealers to obtain a trading symbol.

     As at March 31,  2005,  the Company has working  capital of $26,777,  which
     management  believes  is enough to operate for a period in excess of twelve
     months.


2.   Summary of Significant Accounting Policies
     ------------------------------------------

     a)   Basis of Presentation

          These  financial   statements  and  related  notes  are  presented  in
          accordance with accounting principles generally accepted in the United
          States, and are expressed in US dollars. The Company's fiscal year-end
          is September 30.

     b)   Use of Estimates

          The  preparation  of  financial  statements  in  conformity  with U.S.
          generally accepted  accounting  principles requires management to make
          estimates and assumptions  that affect the reported  amounts of assets
          and liabilities and disclosure of contingent assets and liabilities at
          the date of the  financial  statements  and the  reported  amounts  of
          revenues and expenses  during the  reporting  period.  Actual  results
          could differ from those estimates.

     c)   Basic and Diluted Net Income (Loss) Per Share

          The Company  computes net income (loss) per share in  accordance  with
          SFAS No. 128, "Earnings per Share". SFAS No. 128 requires presentation
          of both basic and diluted  earnings per share (EPS) on the face of the
          income statement.  Basic EPS is computed by dividing net income (loss)
          available to common  shareholders  (numerator) by the weighted average
          number of shares outstanding  (denominator) during the period. Diluted
          EPS gives effect to all dilutive  potential common shares  outstanding
          during the period  using the  treasury  stock  method and  convertible
          preferred stock using the if-converted  method.  In computing  Diluted
          EPS, the average stock price for the period is used in determining the
          number of shares  assumed to be  purchased  from the exercise of stock
          options or  warrants.  Diluted EPS  excludes  all  dilutive  potential
          shares if their effect is anti dilutive.

     d)   Comprehensive Loss

          SFAS No. 130, "Reporting  Comprehensive Income," establishes standards
          for the reporting and display of comprehensive loss and its components
          in the financial statements.  As at March 31, 2005, the Company has no
          items that  represent a  comprehensive  loss and,  therefore,  has not
          included a schedule of comprehensive loss in the financial statements.


                                        5
<PAGE>




Fortune Partners, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements


2.   Summary of Significant Accounting Policies (continued)
     ------------------------------------------------------

     e)   Cash and Cash Equivalents

          The Company  considers all highly liquid  instruments with maturity of
          three months or less at the time of issuance to be cash equivalents.

     f)   Mineral Properties

          The Company has been in the  exploration  stage since its formation on
          August 26, 2004 and has not yet realized any revenues from its planned
          operations. It is primarily engaged in the acquisition and exploration
          of mineral  properties.  Mineral property  acquisition and exploration
          costs  are  charged  to  operations  as  incurred.  When  it has  been
          determined that a mineral property can be economically  developed as a
          result  of  establishing  proven  and  probable  reserves,  the  costs
          incurred to develop such property are capitalized.  Such costs will be
          amortized using the units-of-production method over the estimated life
          based on proven and probable mineral reserves.

     g)   Financial Instruments

          Financial instruments,  which include cash, prepaid expenses, accounts
          payable and accrued  liabilities,  were estimated to approximate their
          carrying  values due to the immediate or short-term  maturity of these
          financial instruments.  Currently, the Company does not use derivative
          instruments to reduce its exposure to foreign currency risk.

     h)   Income Taxes

          Potential  benefits  of income tax losses  are not  recognized  in the
          accounts  until it is estimated  that  realization is more likely than
          not.  The  Company  has  adopted  SFAS  No.  109 as of its  inception.
          Pursuant  to SFAS No. 109 the Company is required to compute tax asset
          benefits for net operating losses carried forward.  Potential  benefit
          of net operating  losses have not been  recognized in these  financial
          statements  because  the  Company  cannot be assured it is more likely
          than not it will utilize the net operating  losses carried  forward in
          future years.

     i)   Concentration of Credit Risk

          Financial  instruments that potentially  subject the Company to credit
          risk  consist  principally  of cash.  Cash was  deposited  with a high
          quality credit institution.

     j)   Stock-Based Compensation

          The Company  does not have a stock  option  plan,  however,  it issues
          stock to  non-employees  for services.  The company accounts for stock
          issued for services to  non-employees  in accordance with SFAS No. 123
          "Accounting for  Stock-Based  Compensation".  Compensation  expense is
          based on the fair market value of the stock award or fair market value
          of goods and services received whichever is more reliably measurable.

     k)   Foreign Currency Transactions/Balances

          The  Company's  functional  currency  is  the  United  States  dollar.
          Occasional transactions occur in Canadian currency, and management has
          adopted SFAS No. 52, "Foreign Currency  Translation".  Monetary assets
          and liabilities  denominated in foreign currencies are translated into
          United  States  dollars at rates of  exchange in effect at the balance
          sheet date.  Non-monetary  assets,  liabilities  and items recorded in
          income arising from transactions denominated in foreign currencies are
          translated  at  rates  of  exchange  in  effect  at  the  date  of the
          transaction.  Any  gain or loss on  foreign  currency  translation  is
          included in operations.

     l)   Recent Accounting Pronouncements

          In December  2004,  the Financial  Accounting  Standards  Board (FASB)
          issued SFAS No. 153,  "Exchanges of Nonmonetary  Assets - An Amendment
          of  APB  Opinion  No.  29".  The  guidance  in  APB  Opinion  No.  29,
          "Accounting for Nonmonetary  Transactions",  is based on the principle
          that exchanges of  nonmonetary  assets should be measured based on the
          fair value of the assets  exchanged.  The  guidance  in that  Opinion,
          however,  included certain exceptions to that principle.  SFAS No. 153
          amends  Opinion No. 29 to  eliminate  the  exception  for  nonmonetary
          exchanges of similar  productive assets and replaces it with a general
          exception  for  exchanges  of  nonmonetary  assets  that  do not  have
          commercial substance.  A nonmonetary exchange has commercial substance
          if the  future  cash  flows  of the  entity  are  expected  to  change
          significantly as a result of the exchange.  The provisions of SFAS No.
          153 are effective for nonmonetary asset exchanges  occurring in fiscal
          periods  beginning after June 15, 2005. Early application is permitted
          and companies must apply the standard  prospectively.  The adoption of
          this  standard  is not  expected  to  have a  material  effect  on the
          Company's results of operations or financial position.

                                        6
<PAGE>




Fortune Partners, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements


2.   Summary of Significant Accounting Policies (continued)
     ------------------------------------------------------

     l)   Recent Accounting Pronouncement (continued)

          In  December  2004,  FASB issued  Statement  of  Financial  Accounting
          Standard  (SFAS)  No.  123R,  "Share  Based  Payment".  SFAS 123R is a
          revision of SFAS No. 123 "Accounting  for  Stock-Based  Compensation",
          and  supersedes  APB Opinion No. 25,  "Accounting  for Stock Issued to
          Employees",   and  its  related  implementation  guidance.  SFAS  123R
          establishes  standards for the accounting for transactions in which an
          entity exchanges its equity instruments for goods or services. It also
          addresses  transactions  in  which an  entity  incurs  liabilities  in
          exchange for goods or services that are based on the fair value of the
          entity's equity  instruments or that may be settled by the issuance of
          those equity  instruments.  SFAS 123R focuses  primarily on accounting
          for  transactions  in which an entity  obtains  employee  services  in
          share-based  payment  transactions.  SFAS  123R  does not  change  the
          accounting guidance for share-based payment  transactions with parties
          other than  employees  provided in SFAS 123 as  originally  issued and
          Emerging  Issues Task Force Issue No.  96-18,  "Accounting  for Equity
          Instruments That Are Issued to Other Than Employees for Acquiring,  or
          in Conjunction  with Selling,  Goods or Services".  SFAS 123R does not
          address the accounting for employee share ownership  plans,  which are
          subject to AICPA  Statement of Position 93-6,  "Employers'  Accounting
          for  Employee  Stock  Ownership  Plans".  SFAS 123R  requires a public
          entity to measure the cost of employee  services  received in exchange
          for an award of equity  instruments based on the grant-date fair value
          of the award (with limited  exceptions).  That cost will be recognized
          over the  period  during  which an  employee  is  required  to provide
          service  in  exchange  for the award - the  requisite  service  period
          (usually the vesting period). SFAS 123R requires that the compensation
          cost relating to  share-based  payment  transactions  be recognized in
          financial  statements.  That cost will be  measured  based on the fair
          value of the equity or liability instruments issued. The scope of SFAS
          123R includes a wide range of  share-based  compensation  arrangements
          including  share options,  restricted  share plans,  performance-based
          awards,  share appreciation rights, and employee share purchase plans.
          Public  entities that file as small business  issuers will be required
          to apply  SFAS 123R in the first  interim or annual  reporting  period
          that begins after  December 15, 2005. The adoption of this standard is
          not  expected to have a material  effect on the  Company's  results of
          operations or financial position.


3.   Mineral Properties
     ------------------

     On October 25, 2004 we purchased our  Tetrahedrite  Silver Property mineral
     claims located in the Skeena Mining  Division of British  Columbia,  Canada
     ("Property"),  from Teuton Resources Corp. for the cash payment of $10,000.
     Under British Columbia mining  legislation a foreign  corporation cannot be
     the registered holder of a British Columbia mining claim.  Correspondingly,
     and to  avoid  the  costs  of  creating  a  British  Columbia  wholly-owned
     subsidiary  for the sole  purpose of holding  the  registered  title to our
     mineral  claims,  we registered our mineral claims in the name of our Chief
     Executive  Officer  ("CEO")  and, as a result,  at our  instruction  Teuton
     Resources  Corp.  transferred  the  registered  title to our mineral claims
     directly to our CEO by way of Bill of Sale for no additional consideration.
     By  Declaration  of Trust dated  November 29, 2004 our CEO declared that he
     holds a 100%  undivided and legal,  beneficial and registered in and to the
     mineral  claims  for us and that he will  deliver  registered  title to our
     mineral claims to us upon our demand.  As a consequence our CEO did not pay
     for the  mineral  claims and his  interest  in the claims is  fiduciary  in
     nature as he holds the claims in trust for us. Our CEO will transfer  title
     to our mineral  claims to a British  Columbia  subsidiary  to be formed and
     wholly-owned  by us if  mineral  interest  is  discovered  on  our  mineral
     claims..  The Property consists of 4 mineral claims  representing 72 units,
     and the Company paid  CAD$2,500  (US$2,083)  to a geologist for a report on
     the Property.


4.   Related Party Transactions
     --------------------------

     a)   During  fiscal  2004,  the  Company  recognized  a total of $5,000 for
          donated services provided by the former President of the Company.  The
          current  President of the Company  provided  services valued at $1,000
          per month commencing October, 2004.

     b)   During the six months ended March 31, 2005,  the Company  recognized a
          total of $1,500  (September 30, 2004 - $250) for donated rent provided
          by a partnership,  of which the Chief Financial Officer of the Company
          is a partner.

     c)   Included in accrued  liabilities is $Nil (September 30, 2004 - $2,000)
          accrued  in favour  of a  partnership,  of which  the Chief  Financial
          Officer of the Company is a partner, for accounting services rendered.
          This amount was paid during the first quarter ended December 31, 2004.

     d)   On August 27, 2004 the former  President of the Company  loaned $2,000
          to the Company to pay for organizational costs. This loan did not bear
          interest and was repaid on September 30, 2004.



                                        7
<PAGE>






     e)   By Declaration of Trust dated November 29, 2004 our current  President
          and CEO holds the Company's  interest in our Property in trust for the
          benefit of the Company.  The Company acquired the Property for $10,000
          on October 25, 2004.

     f)   The Chief Financial Officer provides donated services valued at $1,000
          per month which commenced October 1, 2004.


5.   Common Shares
     -------------

     The  Company  issued  the  following   shares   pursuant  to   subscription
     agreements:

     a)   On September  9, 2004 the Company  issued  1,000,000  shares of common
          stock at a price of $0.001 per share for cash proceeds of $1,000.

     b)   On September 30, 2004 the Company  issued  4,000,000  shares of common
          stock at a price of $0.02 per share for cash proceeds of $80,000.

     c)   On  September  30, 2004 the Company  issued  250,000  shares of common
          stock at a price of $0.02  per  share  for  $5,000  of legal  services
          performed to September 30, 2004. During the quarter ended December 31,
          2004 these  shares were  returned to treasury  and the $5,000  account
          payable was re-instated.


6.   Income Tax
     ----------

     Potential  benefits of income tax losses are not recognized in the accounts
     until it is estimated that realization is more likely than not. The Company
     has incurred net operating  losses of $10,990 to September 30, 2004,  which
     commence expiring in 2024. Pursuant to SFAS No. 109 the Company is required
     to compute tax asset  benefits for net operating  losses  carried  forward.
     Potential benefit of net operating losses have not been recognized in these
     financial  statements  because  the  Company  cannot be  assured it is more
     likely than not it will utilize the net operating losses carried forward in
     future years.

     The components of the net deferred tax asset at September 30, 2004, and the
     statutory tax rate,  the  effective tax rate and the elected  amount of the
     valuation allowance are indicated below:

                                                                   2004
                                                                     $
                                                                  ------

                Net Operating Loss                                10,990

                Statutory Tax Rate                                  34%

                Effective Tax Rate                                  -

                Deferred Tax Asset                                 3,737

                Valuation Allowance                               (3,737)
                ---------------------------------------------------------

                Net Deferred Tax Asset                              -
                =========================================================


















                                        8
<PAGE>






Item 2.  Plan of Operations
---------------------------

The following  discussion and analysis  explains the major factors affecting our
financial condition. We are a start-up,  exploration-stage  company and have not
yet generated or realized any revenues from our business operations.

Our  continued  existence  and plans for future  growth depend on our ability to
obtain the capital necessary to operate by issuance of additional equity shares.
We have sufficient funds to take us through our initial  exploration program and
meet our  obligations  for the short term. Our working capital is not sufficient
to enable us to perform further  exploration  phases beyond the first geological
exploration  phase on our  Property.  Accordingly,  we will  require  additional
financing in order to meet all of our anticipated operating expenses and for any
new exploratory expenses.

Recent Developments
-------------------

During the three month  period ended March 31, 2005 and  subsequently  to May 5,
2005, we completed our SB-2 Registration  Statement which was declared effective
on April 22,  2005.  Pursuant to this SB-2  Registration  Statement  the Company
registered 2,744,000 shares of common stock for resale by existing  stockholders
of the Company.  The Company  will not receive any  proceeds  from the resale of
shares of common stock by the selling  stockholders.  On May 4, 2005 the Company
made  application to the North American  Securities  Dealers to obtain a trading
symbol.  We will now be arranging  with our geologist to plan the first stage of
phase one of our initial work program on our Tetrahedrite Property.

Plan of Operations
------------------

Our plan of  operations  is to conduct  mineral  exploration  activities  on our
Tetrahedrite  Property  in order to assess  whether  it  possesses  commercially
exploitable mineral deposits. Our exploration program is designed to explore for
commercially  viable  mineral  deposits.  We have not, nor has any  predecessor,
identified any commercially exploitable reserves of minerals on the Tetrahedrite
Property.  We are an exploration  stage company and there is no assurance that a
commercially viable mineral deposit exists on the Tetrahedrite Property.

Our plan of operations for the twelve months following April 22, 2005, being the
effective date of the SB-2 Registration  Statement, is to complete the following
objectives  within the time  periods  specified,  subject to our  obtaining  the
funding necessary for the continued exploration of our mineral Property:

1.   We plan to conduct the  recommended  phase one  exploration  program on our
     Property consisting of two stages including geochemistry and trenching.  We
     anticipate that the cost of this program will be  approximately  CAD$45,000
     (US$37,500). We expect to commence this exploration program in late June of
     2005 and to complete it in late October of 2005. Sample analysis would take
     place after stage one of phase one is completed and would take two weeks to
     obtain the  results.  We would then plan stage two for the month of October
     2005.  This phase one is  expected  to take  approximately  four  months to
     complete.

2.   If  warranted  by the results of phase one, we intend to commence the phase
     two  program  described  in our  geological  report and  estimated  to cost
     CAD$200,000  (US$166,667).  We  anticipate  that  we  will  have  to  raise
     additional  funding in order to conduct the phase two program and that this
     phase would be conducted during October of 2006 and will take approximately
     three weeks to complete.

3.   We  anticipate  spending   approximately  $1,500  in  ongoing  general  and
     administrative  expenses per month for the next twelve months.  The general
     and  administrative  expenses  for  the  year  will  consist  primarily  of
     professional  fees for the audit and legal work relating to our  regulatory
     filings  throughout  the year,  as well as transfer  agent fees and general
     office expenses.

As at May 5,  2005,  we had cash  reserves  of  approximately  $40,000  which we
estimate will sustain our minimum operations for approximately twelve months and
cover  our  outstanding  accounts  payable  and  accrued  liabilities  totalling
$13,400.  We will need further  financing  of at least  $25,000 in the summer of
2006 to complete stage two of phase one of the recommended program.

Our  completion  of phase two of the work  program is  subject  to us  obtaining
adequate financing as these  expenditures will exceed our cash reserves.  During
the  12-month  period  following  the  effective  date of our SB-2  Registration
Statement,  we do not  anticipate  generating  any revenue.  We anticipate  that
additional  funding will be in the form of equity financing from the sale of our
common  stock.  However,  we do not have any  financing  arranged  and we cannot
provide  investors with any assurance  that we will be able to raise  sufficient
funding  from the sale of our  common  stock to fund  stage  two of phase one or
phase two of the  exploration  program.  In the absence of such  financing,  our
business plan will fail.


                                        9
<PAGE>






Based on the nature of our business we anticipate  incurring operating losses in
the foreseeable future. We base this expectation, in part, on the fact that very
few  mineral  properties  in  the  exploration  stage  ultimately  develop  into
producing, profitable mines. Our future financial results are also uncertain due
to a number of factors,  some of which are outside our  control.  These  factors
include, but are not limited to:

     o    our ability to raise additional funding;

     o    the market for minerals such as silver; and

     o    results of our proposed exploration programs on our mineral Property.

If we are successful in completing an equity  financing,  existing  shareholders
will experience  dilution of their interest in our Company.  In the event we are
not successful in raising additional  financing,  we anticipate that we will not
be able to proceed with our  business  plan unless we receive  short-term  loans
from our two executive officers,  which cannot be guaranteed.  In such a case we
may decide to  discontinue  our current  business  plan and seek other  business
opportunities in the resource sector. Any business opportunity would require our
management to perform diligence on possible  acquisition of additional  resource
properties. Such due diligence would likely include purchase investigation costs
such as professional  fees by consulting  geologists,  preparation of geological
reports on the properties,  conducting  title searches and travel costs for site
visits.  It is anticipated that such costs will not be sufficient to acquire any
resource  properties and additional funds will be required to close any possible
acquisition.  During this period we will need to maintain our  periodic  filings
with the appropriate  regulatory authorities and will incur legal and accounting
costs.  In the event no other such  opportunities  are  available  and we cannot
raise  additional  capital to sustain  minimum  operations,  we may be forced to
discontinue   business.  We  do  not  have  any  specific  alternative  business
opportunities in mind and have not planned for any such contingency.

We anticipate  that additional  funding will be in the form of equity  financing
from the sale of our common stock. However, we cannot provide investors with any
assurance that we will be able to raise sufficient  funding from the sale of our
common  stock to fund  additional  phases of  exploration.  We believe that debt
financing  will  not  be  an  alternative  for  funding   additional  phases  of
exploration.  We do not have any  arrangements  in place for any  future  equity
financing.

Results of Operations - Six Months Ended March 31, 2005
-------------------------------------------------------

We did not earn any revenues  during the six months ended March 31, 2005.  We do
not  anticipate  earning  revenues  until  such  time  as we have  entered  into
commercial  production  of  our  mineral  Property.  We  are  presently  in  the
exploration  stage of our business and we can provide no assurance  that we will
discover  commercially  exploitable levels of mineral resources on our Property,
or if  such  resources  are  discovered,  that  we will  enter  into  commercial
production.

We incurred a loss in the amount of $56,733  for the six months  ended March 31,
2005.  This loss is made up  entirely  of  operating  expenses  in the amount of
$56,733.  The majority of expenses were professional and organizational  fees of
$28,581 incurred in connection with our SB-2 Registration  Statement filing with
the SEC and the  $12,083  spent  on  acquiring  the  Tetrahedrite  Property  and
obtaining a geological report. Certain donated services and rent of $13,500 were
charged to operations and treated as donated  capital in  shareholders'  equity.
The  President of the Company  provides  management  services.  The services are
valued at $1,000 per month.  The  Secretary/Treasurer  of the  Company  provides
financial  accounting  services and office premises.  The financial services are
valued at $1,000  per  month and the rent is valued at $250 per  month.  We also
incurred  $2,516 in EDGAR filer fees during the six-month  period.  There are no
corresponding  expenses  during  the  comparative  period  as we  commenced  our
operations on August 26, 2004 being the date of our inception.

Liquidity and Capital Resources
-------------------------------

There is limited  financial  information about our company upon which to base an
evaluation of our performance.  We are an exploration stage company and have not
generated any revenues from operations.

Our  continued  existence  and plans for future  growth depend on our ability to
obtain the capital  necessary to operate by the sale of equity  shares.  We will
need to raise additional  capital to fund normal operating costs and exploration
efforts.  If we are not able to generate  sufficient  revenues and cash flows or
obtain  additional or  alternative  funding,  we will be unable to continue as a
gong concern.  Our recurring losses and negative cash flow from operations raise
substantial doubt about our ability to continue as a going concern.

As at March 31, 2005 we had cash of $40,177 and working capital of $26,777.

We have not declared or paid dividends on our shares since  incorporation and do
not anticipate doing so in the foreseeable future.


                                       10
<PAGE>






New Accounting Pronouncements
-----------------------------

In December 2004, the Financial  Accounting  Standards  Board (FASB) issued SFAS
No. 153, "Exchanges of Nonmonetary Assets - An Amendment of APB Opinion No. 29".
The guidance in APB Opinion No. 29,  "Accounting for Nonmonetary  Transactions",
is based on the  principle  that  exchanges  of  nonmonetary  assets  should  be
measured based on the fair value of the assets  exchanged.  The guidance in that
Opinion,  however,  included certain exceptions to that principle.  SFAS No. 153
amends  Opinion No. 29 to eliminate the exception for  nonmonetary  exchanges of
similar productive assets and replaces it with a general exception for exchanges
of  nonmonetary  assets that do not have  commercial  substance.  A  nonmonetary
exchange  has  commercial  substance  if the future cash flows of the entity are
expected to change significantly as a result of the exchange.  The provisions of
SFAS No. 153 are effective for nonmonetary  asset exchanges  occurring in fiscal
periods  beginning  after June 15, 2005.  Early  application  is  permitted  and
companies must apply the standard  prospectively.  The adoption of this standard
is not expected to have a material effect on the Company's results of operations
or financial position.

In December 2004, FASB issued Statement of Financial  Accounting Standard (SFAS)
No.  123R,  "Share  Based  Payment".  SFAS 123R is a revision  of SFAS No.  123,
"Accounting  for Stock-Based  Compensation",  and supersedes APB Opinion No. 25,
"Accounting  for Stock  Issued to  Employees",  and its  related  implementation
guidance. SFAS 123R establishes standards for the accounting for transactions in
which an entity exchanges its equity instruments for goods or services.  It also
addresses  transactions  in which an entity incurs  liabilities  in exchange for
goods or  services  that are  based on the  fair  value of the  entity's  equity
instruments or that may be settled by the issuance of those equity  instruments.
SFAS 123R focuses  primarily on accounting for  transactions  in which an entity
obtains employee services in share-based  payment  transactions.  SFAS 123R does
not change the accounting  guidance for share-based  payment  transactions  with
parties  other than  employees  provided  in SFAS 123 as  originally  issued and
Emerging Issues Task Force Issue No. 96-18,  "Accounting for Equity  Instruments
That Are Issued to Other Than  Employees for Acquiring,  or in Conjunction  with
Selling,  Goods or  Services".  SFAS 123R does not  address the  accounting  for
employee share ownership plans, which are subject to AICPA Statement of Position
93-6,  "Employers'  Accounting for Employee Stock  Ownership  Plans".  SFAS 123R
requires a public  entity to measure the cost of employee  services  received in
exchange for an award of equity  instruments  based on the grant-date fair value
of the award (with limited  exceptions).  That cost will be recognized  over the
period  during which an employee is required to provide  service in exchange for
the award - the requisite service period (usually the vesting period). SFAS 123R
requires that the compensation cost relating to share-based payment transactions
be recognized in financial  statements.  That cost will be measured based on the
fair value of the equity or liability instruments issued. The scope of SFAS 123R
includes a wide range of share-based  compensation  arrangements including share
options,  restricted share plans,  performance-based  awards, share appreciation
rights,  and employee share purchase  plans.  Public entities that file as small
business  issuers  will be required  to apply SFAS 123R in the first  interim or
annual  reporting  period that begins after  December 15, 2005.  The adoption of
this standard is not expected to have a material effect on the Company's results
of operations or financial position

Forward-Looking Statements
--------------------------

Our plan of  operations  includes a number of  forward-looking  statements  that
reflect  management's  current views with respect to future events and financial
performance. Those statements include statements regarding the intent, belief or
current  expectations  of us and members of our  management  team as well as the
assumptions  on which such  statements  are  based.  Prospective  investors  are
cautioned that any such forward-looking  statements are not guarantees of future
performance  and involve  risk and  uncertainties,  and that actual  results may
differ materially from those contemplated by such forward-looking statements.

Readers are urged to carefully review and consider the various  disclosures made
by us in this report and in our other filings with the  Securities  and Exchange
Commission.  Important  factors currently known to management could cause actual
results  to differ  materially  from  those in  forward-looking  statements.  We
undertake  no  obligation  to  update or review  forward-looking  statements  to
reflect changed  assumptions,  the occurrence of unanticipated events or changes
in the  future  operating  results  over  time.  We  believe  that  management's
assumptions  are based upon  reasonable  data  derived  from and known about our
business  and  operations  and the business and  operations  of the Company.  No
assurances  are made that  actual  results of  operations  or the results of our
future activities will not differ materially from its assumptions.


Item 3.  Controls and Procedures
--------------------------------

Based on their most recent review,  which was completed  within 90 days prior to
the filing of this report, the Company's President and Secretary/Treasurer  have
concluded that the Company's disclosure controls and procedures are effective to
ensure that  information  required to be disclosed by the Company in the reports
that it files or submits under the Securities  Exchange Act of 1934, as amended,
is  accumulated  and  communicated  to the Company's  management,  including its
President and  Secretary/Treasurer,  as  appropriate  to allow timely  decisions
regarding required  disclosure and are effective to ensure that such information
is  recorded,  processed,  summarized  and  reported  within  the  time  periods
specified in the SEC's rules and forms. There are no significant  changes in the
Company's internal controls or in other factors that could significantly  affect
those controls subsequent to the date of their evaluation.



                                       11
<PAGE>






                           PART II - OTHER INFORMATION
                           ---------------------------

Items 1 to 5.   Not applicable.
-------------


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

(a)  Exhibits

     31.1 Certification  of the  Principal  Executive  Officer  pursuant to Rule
          13a-14  and Rule  15d-14(a),  promulgated  under  the  Securities  and
          Exchange Act of 1934, as amended.

     31.2 Certification  of the  Principal  Financial  Officer  pursuant to Rule
          13a-14  and Rule  15d-14(a),  promulgated  under  the  Securities  and
          Exchange Act of 1934, as amended.

     32.1 Certification of the President,  as adopted pursuant to Section 906 of
          the Sarbanes-Oxley Act of 2002.

     32.2 Certification  of the  Secretary/Treasurer,  as  adopted  pursuant  to
          Section 906 of the Sarbanes-Oxley Act of 2002.

(b)  Reports on Form 8-K.

     None




                                   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 on May 6, 2005.

FORTUNE PARTNERS, INC.
----------------------


By:  /s/ Paul D.Brock
   ------------------------
   Paul D. Brock
   President


By:  /s/ Donald M. Prest
   ------------------------
   Donald M. Prest
   Secretary/Treasurer






























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