================================================================================

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 10-QSB

[ X ]   Quarterly Report pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934

        For the period ended March 31, 2006.

[   ]   Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act
        of 1934

        For the transition period                    to
                                   ------------------    ----------------------

                  Commission File Number   333-126504
                                           ----------



                               HOST VENTURES INC.
 -------------------------------------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)


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

9544 South Chesapeake Street
Highlands Ranch, Colorado                                   80126
---------------------------------------             ---------------------------
(Address of principal executive offices)               (Postal or Zip Code)


Issuer's telephone  number, including area code:           970-567-7717
                                                    ---------------------------


                                      None
--------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
                                    report)


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

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [   ]  Yes    [ X ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  5,125,000 Shares of $0.001 par value
Common Stock outstanding as of May 11, 2006.

<page>









                               HOST VENTURES, INC.
                         (An Exploration Stage Company)

                              FINANCIAL STATEMENTS

                                 March 31, 2006
                                   (Unaudited)
















<page>





                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                              Financial Statements
                                   (Unaudited)


                                TABLE OF CONTENTS


                                                                 Page

FINANCIAL STATEMENTS

         Balance sheet                                              1
         Statements of operations                                   2
         Statements of stockholders' equity                         3
         Statements of cash flows                                   4
         Notes to financial statements                              6












<page>



                              HOST VENTURES, INC.
                         (An Exploration Stage Company)
                                  BALANCE SHEET
                                 March 31, 2006
                                   (Unaudited)


<table>
<caption>
                                          ASSETS
      
                                                            <c>
      Current assets
            Cash                                                   $       13,800
                                                                  -----------------
                  Total current assets                                     13,800
                                                                  ---------------

      Fixed assets                                                            950
      Accumulated depreciation                                               (370)
                                                                  -----------------
                                                                              580
                                                                  -----------------

      Total Assets                                                 $       14,380
                                                                  =================

                         LIABILITIES & STOCKHOLDERS' EQUITY


      Liabilities                                                  $            -
                                                                  ------------------


      Stockholders' Equity
            Common stock, $.001 par value;
                75,000,000 shares authorized;
                5,125,000 issued and outstanding                            5,125
            Additional paid in capital                                     54,375
            Deficit accumulated during the exploration stage              (45,120)
                                                                  ----------------

      Total Stockholders' Equity                                           14,380
                                                                  ----------------

      Total Liabilities and Stockholders' Equity                   $       14,380
                                                                  ================
</table>



                                       1

  The accompanying notes are an integral part of the financial statements.


<page>


                                 HOST  VENTURES, INC.
                         (An Exploration Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<table>
<caption>
                                                                                                 Period From        Period From
                                                                                                July 20, 2004     July 20, 2004
                                                Three Months      Three Months    Nine Months     (Inception)       (Inception)
                                                    Ended             Ended          Ended          Through           Through
                                                Mar. 31, 2006     Mar. 31, 2005   Mar. 31, 2006   Mar. 31, 2005    Mar. 31, 2006
                                             ------------------ ---------------- --------------- --------------- ---------------
    
                                       <c>                <c>              <c>            <c>              <c>
     Revenue                                  $              -  $             -  $            -  $           -   $             -
                                             ------------------ ---------------- --------------- --------------- ---------------

     Expenses:
          Bank charges                                        -                                                                5
          Legal & accounting                              3,028               -           6,318                            9,318
          Mining property expenses                            -               -           5,000                           12,500
          Office expense                                  1,530               -           2,896                            2,896
          Rent                                              750               -           2,250           1,750            4,750
          Travel                                            337               -             837                              837
          Transfer agent                                      -               -           3,120                            3,120
          Depreciation                                      317               -             370                              370
          Administration and management                   1,500               -           6,324           3,500           11,324
                                             ------------------ ---------------- --------------- --------------- ---------------
                                                          7,462               -          27,115           5,250           45,120
                                             ------------------ ---------------- --------------- --------------- ---------------

     Loss from operations                                (7,462)              -         (27,115)         (5,250)         (45,120)
                                             ------------------ ---------------- --------------- --------------- ---------------

     Other income (expense)                                   -               -               -               -                -
                                             ------------------- --------------- --------------- --------------- ---------------

     Income (loss) before provision for income taxes     (7,462)              -         (27,115)         (5,250)         (45,120)

     Provision for income tax                                -                -              -                -               -
                                             ------------------- --------------- --------------- --------------- ---------------

     Net income (loss)                        $          (7,462) $            -  $      (27,115) $       (5,250) $       (45,120)
                                             =================== =============== =============== =============== ===============

     Net income (loss) per share
     (Basic and fully diluted)                $           (0.00) $            -  $        (0.01) $       (0.03)  $        (0.01)
                                             =================== =============== =============== =============== ===============

     Weighted average number of
     common shares outstanding                         5,125,000      5,125,000       5,125,000         200,000        3,585,588
                                             =================== =============== =============== =============== ===============
</table>



  The accompanying notes are an integral part of the financial statements.

                                        2

<page>



                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                       STATEMENTS OF STOCKHOLDERS' EQUITY
                                   (Unaudited)
<table>
<caption>
                                                                                                 Deficit
                                                                                                 Accum.
                                                                                               During the         Stock-
                                                     Common Stock               Paid In        Exploration        holders'
                                                 Shares          Amount         Capital           Stage           Equity
                                              -------------    -----------    ------------    --------------    ------------


                                           <c>              <c>            <c>             <c>                <c>
Balances at July 20, 2004                                -    $          -   $          -     $            -   $          -

December 15, 2004,  2,000,000 shares
     of common stock issued for cash of
     $2,000 to a founder, for
     $.001 per share                             2,000,000           2,000                                            2,000

January, 2005 - February, 2005,
   2,825,000 shares of common stock
   issued for cash of $28,250 pursuant
   to a Regulation D offering,
   at .01 per share                              2,825,000           2,825         25,425                            28,250

March, 2005 - April,  2005,
   300,000  shares of common  stock
   issued for cash of $15,000 pursuant
   to a Regulation D offering,
   at .05 per share                                300,000             300         14,700                            15,000

August, 2004 - April, 2005,
     Services and office space
     provided by officer                                                            7,500                             7,500

Gain (loss) for the period from
    July 20, 2004 (Inception)
    through June 30, 2005                                                                            (18,005)       (18,005)
                                              -------------    -----------    ------------    --------------    ------------

Balances at June 30, 2005                        5,125,000     $     5,125   $     47,625     $      (18,005)  $     34,745

July, 2005 - Mar. 31, 2006,
     Services and office space
     provided by officer                                                            6,750                             6,750


Gain (loss) for the period                                                                           (27,115)       (27,115)
                                              -------------    -----------    ------------    ---------------    ------------

Balances at March 31, 2006                       5,125,000     $     5,125    $    54,375     $      (45,120)   $    14,380
                                              =============    ===========    ============    ===============    ============
</table>



    The accompanying notes are an integral part of the financial statements.

                                        3


<page>


                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<table>
<caption>
                                                                                                Period From         Period From
                                                                                               July 20, 2004       July 20, 2004
                                                                            Nine Months         (Inception)         (Inception)
                                                                               Ended              Through             Through
                                                                           Mar. 31, 2006       Mar. 31, 2005       Mar. 31, 2006
                                                                           --------------      --------------      ---------------
     
                                                                   <c>                 <c>                 <c>
     Cash Flows From Operating Activities:

          Net income (loss) during the exploration stage                   $    (27,115)       $    (5,250)        $     (45,120)

          Adjustments  to reconcile  net loss to
          net cash provided by (used for)
          operating activities:

               Depreciation                                                         370                                      370

               Donated office space and services                                  6,750              5,250                14,250
                                                                           --------------      --------------      ---------------
                    Net cash provided by (used for)

                    operating activities                                        (19,995)                 -               (30,500)
                                                                           --------------      --------------      ---------------


     Cash Flows From Investing Activities:

          Purchase of fixed assets                                                 (950)                 -                  (950)
                                                                           --------------      --------------      ---------------
                    Net cash provided by (used for)

                    investing activities                                           (950)                 -                  (950)
                                                                           --------------      --------------      ---------------
</table>




                          (Continued On Following Page)


                                       4

<page>

                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                         (Continued From Previous Page)
<table>
<caption>
                                                                                                Period From         Period From
                                                                                               July 20, 2004       July 20, 2004
                                                                            Nine Months         (Inception)         (Inception)
                                                                               Ended              Through             Through
                                                                           Mar. 31, 2006       Mar. 31, 2005       Mar. 31, 2006
                                                                           --------------      --------------      -------------
    
                                                                    <c>                 <c>                 <c>
     Cash Flows From Financing Activities:

          Sales of common stock                                                       -               38,000              45,250
                                                                           --------------      --------------      -------------
                    Net cash provided by (used for)

                    financing activities                                              -               38,000              45,250
                                                                           --------------      --------------      ---------------


     Net Increase (Decrease) In Cash                                            (20,945)              38,000              13,800


     Cash At The Beginning Of The Period                                         34,745                    -                   -
                                                                           --------------      --------------      ---------------

     Cash At The End Of The Period                                         $     13,800        $      38,000       $      13,800
                                                                           ==============      ==============      ===============


     Schedule Of Non-Cash Investing And Financing Activities
     -------------------------------------------------------

     None

     Supplemental Disclosure
     -----------------------

      Cash paid for interest                                               $          -        $           -       $           -
      Cash paid for income taxes                                           $          -        $           -       $           -
</table>










    The accompanying notes are an integral part of the financial statements.

                                        5

<page>
                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Host Ventures, Inc. (the "Company"),  was incorporated in the State of Nevada on
July 20, 2004. The Company was formed to engage in the acquisition, exploration,
and  production of precious  minerals.  The Company may also engage in any other
business  permitted  by law,  as  designated  by the Board of  Directors  of the
Company.

Exploration Stage
-----------------

The  Company  is  currently  in the  exploration  stage  and has no  significant
operations to date.

Cash and cash equivalents
-------------------------

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

Use of Estimates
----------------

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  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.

Income tax
----------

The Company  accounts for income taxes under  Statement of Financial  Accounting
Standards No. 109 ("SFAS 109").  Under SFAS 109 deferred taxes are provided on a
liability  method  whereby  deferred tax assets are  recognized  for  deductible
temporary   differences  and  operating  loss  carryforwards  and  deferred  tax
liabilities  are  recognized  for  taxable  temporary   differences.   Temporary
differences  are the  differences  between  the  reported  amounts of assets and
liabilities and their tax bases.  Deferred tax assets are reduced by a valuation
allowance  when, in the opinion of  management,  it is more likely than not that
some portion or all of the  deferred  tax assets will not be realized.  Deferred
tax assets and  liabilities  are adjusted for the effects of changes in tax laws
and rates on the date of enactment.

Fiscal year
-----------

The Company employs a fiscal year ending June 30.



                                        6
<page>

                               HOST VENTURES, INC.
                         (An Exploration Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):

Net income (loss) per share
---------------------------

The net income (loss) per share is computed by dividing the net income (loss) by
the weighted  average number of shares of common  outstanding.  Warrants,  stock
options,  and  common  stock  issuable  upon  the  conversion  of the  Company's
preferred  stock (if any),  are not  included in the  computation  if the effect
would be  anti-dilutive  and would  increase the  earnings or decrease  loss per
share.

Revenue recognition
-------------------

Revenue is recognized on an accrual basis as earned under  contract  terms.  The
Company has had no revenue to date.

Mineral Properties
------------------

Costs of acquiring  specific mineral properties are capitalized on a property by
property basis.  Mineral properties are periodically  assessed for impairment of
value and any  impairments  are charged to operations at the time of impairment.
Should a property be sold or  abandoned,  its  capitalized  costs are charged to
operations and gain or loss recognized.

Financial Instruments
---------------------

The carrying value of the Company's  financial  instruments,  including cash and
cash equivalents,  as reported in the accompanying  balance sheet,  approximates
fair value.

NOTE 2.  RELATED PARTY TRANSACTIONS

The Company  recorded rent expense of $250 per month for the use of office space
donated to the Company by an officer.  Total rent expense under this arrangement
was $2,500 for the nine months ended March 31, 2006.  The Company also  recorded
compensation  expense of $500 per month ($4,5000 total) for  administrative  and
management services donated to the Company by an officer.

NOTE 3.  INCOME TAXES

At March 31, 2006 the  Company had a net  operating  loss  carryforward  for tax
purposes  of  approximately  $30,000  which  will  begin to expire in 2026.  The
deferred tax asset of $6,000  created by the net operating  loss has been offset
by a 100% valuation  allowance.  The change in the valuation allowance in fiscal
year 2006 was $3,973.


                                        7
<page>

This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation
-------------------------

Our plan of operation for the next twelve months is to complete the  recommended
phase two  exploration  program  on the  Scadding  West  claim  consisting  of a
geological  mapping,  prospecting and geochemical  sampling.  We anticipate that
these exploration programs will each cost approximately $10,000.

As well, we anticipate  spending an additional  $20,000 on administrative  fees,
including  fees  payable  in  connection  with the  filing of this  registration
statement and complying with reporting obligations.

Total expenditures over the next 12 months are therefore expected to be $30,000.

While we have  enough  funds to cover  the cost of our  anticipated  exploration
program,  we will  require  additional  funding  in order  to cover  anticipated
administrative fees and to proceed with any additional  recommended  exploration
on the Scadding West claim following the completion of the phase two program. We
anticipate that additional  funding will be in the form of equity financing from
the  sale of our  common  stock  or from  director  loans.  We do not  have  any
arrangements in place for any future equity financing or loans.

If our proposed  exploration programs are not successful in identifying economic
mineralization  on the  Scadding  West  mineral  claim,  we intend to acquire an
interest in an alternative  mineral property in order to assess its potential to
contain a mineral  deposit.  It is likely that we would have to raise additional
funding in order to acquire an interest in an additional mineral claim and would
sell shares of our common stock to obtain this financing.

Results Of Operations For The Period Ended March 31, 2006
---------------------------------------------------------

We did not earn any revenue from our operations in the  nine-month  period ended
March 31,  2006.  We do not  anticipate  earning  revenues  unless we enter into
commercial  production  on the Scadding West claim,  which is doubtful.  We have
only recently commenced the exploration stage of our business and can provide no
assurance  that we will discover  economic  mineralization  on the Scadding West
claim,  or if such minerals are  discovered,  that we will enter into commercial
production.

<page>

We  incurred  operating  expenses  in the amount of $27,115  for the  nine-month
period  ended March 31,  2006.  These  operating  expenses  were  comprised  of,
administration  and  management  fees of $6,324,  legal and  accounting  fees of
$6,318,  mining  property  expenses  of $5,000,  transfer  agent fees of $3,120,
office expense of $2,896, rent of $2,250,  travel costs of $837 and depreciation
expense of $370.

At March 31, 2006, we had total assets of $14,380,  consisting of cash ($13,800)
and fixed assets ($950) less accumulated  depreciation ($370). At the same date,
we had no liabilities.

We have not attained  profitable  operations  and are dependent  upon  obtaining
financing to pursue exploration activities.

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

Evaluation of Disclosure Controls

We evaluated the  effectiveness of our disclosure  controls and procedures as of
March 31, 2006.  This  evaluation  was conducted by William  Stewart,  our chief
executive officer and our principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effectiveness of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based  upon  their  evaluation  of our  controls,  William  Stewart,  our  chief
executive officer and principal  accounting officer, has concluded that, subject
to the limitations noted above, the disclosure  controls are effective providing
reasonable  assurance that material  information relating to us is made known to
management  on a timely  basis  during the  period  when our  reports  are being
prepared.  There were no changes in our internal  controls that occurred  during
the  quarter  covered  by this  report  that have  materially  affected,  or are
reasonably likely to materially affect our internal controls.

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

Item 1. Legal Proceedings

The Company is not a party to any pending  legal  proceeding.  Management is not
aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

None.

<page>

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Report on Form 8-K

 31.1     Certification pursuant to Rule 13a-14(a) under the Securities
          Exchange Act of 1934
 31.2     Certification pursuant to Rule 13a-14(a) under the Securities
          Exchange Act of 1934
 32.1     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 32.2     Certification pursuant to 18 U.S.C. Section 1350, as adopted
          pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

We did not file any current reports on Form 8-K during the period.


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.

May 11, 2006


Host Ventures Inc.


/s/ William Stewart
------------------------------
William Stewart, President