U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                Quarterly Report under Section 12(b) or 12(g) of
                           The Securities Act of 1934


                       For the Period ended April 30, 2007

                        Commission File Number 333-139915


                              MADRONA VENTURES INC.
                 (Name of small business issuer in its charter)


        Nevada                                                       N/A
(State of incorporation)                                    (Employer ID Number)


                              102-5212 48th Street
                        Red Deer, Alberta, Canada T4N 7C3
                                  (403)770-8095
          (Address and telephone number of principal executive offices)

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

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

There were 6,525,000 shares of Common Stock outstanding as of April 30, 2007.
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
BALANCE SHEETS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                 April 30,          July 31,
                                                                   2007               2006
                                                                 --------           --------
                                                                  - $ -              - $ -
                                                                Unaudited
<S>                                                             <C>               <C>
ASSETS

Current assets
  Cash                                                              3,951             30,822
                                                                 ========           ========

LIABILITIES

Current liabilities
  Accounts payable and accrued liabilities                          2,120              7,447
                                                                 --------           --------

CONTINGENCY (Note 1)

STOCKHOLDERS' EQUITY

Common stock
  Authorized:
    75,000,000 common shares with a par value of $0.001
  Issued and outstanding:
    6,525,000 common shares (July 31, 2006: 6,525,000)              6,525              6,525
  Additional paid in capital                                       48,975             48,975
  Deficit accumulated during the exploration stage                (53,669)           (32,125)
                                                                 --------           --------

                                                                    1,831             23,375
                                                                 --------           --------

                                                                    3,951             30,822
                                                                 ========           ========
</TABLE>


                           - See Accompanying Notes -

                                       2
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
Statements of Operation
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                               Three months     Three months      Nine months      Nine months    June 21, 2005
                                  ended            ended            ended            ended        (Inception) to
                                 April 30,        April 30,        April 30,        April 30,        April 30,
                                   2007             2006             2007             2006             2007
                                ----------       ----------       ----------       ----------       ----------
                                  - $ -            - $ -            - $ -            - $ -            - $ -
<S>                            <C>                <C>           <C>                 <C>           <C>
EXPENSES
  General and administrative         5,125              517           13,976              550           14,653
  Mineral interests                     --               --            7,568               --           39,016
                                ----------       ----------       ----------       ----------       ----------

NET LOSS                             5,125              517           21,544              550           53,669
                                ==========       ==========       ==========       ==========       ==========

BASIC AND DILUTED
NET LOSS PER SHARE                   (0.00)           (0.00)           (0.00)           (0.00)
                                ==========       ==========       ==========       ==========

WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING            6,525,000        4,200,000        6,525,000        1,408,333
                                ==========       ==========       ==========       ==========
</TABLE>


                           - See Accompanying Notes -

                                       3
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
Statements of Cash Flows
(Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                   Nine months        Nine months       June 21, 2005
                                                      ended              ended         (Inception) to
                                                     April 30,          April 30,         April 30,
                                                       2007               2006              2007
                                                     --------           --------          --------
                                                      - $ -              - $ -             - $ -
<S>                                                   <C>                   <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            (21,544)              (550)          (53,669)
  Changes in non-cash working capital item:
  Accounts payable and accrued liabilities             (5,327)               550             2,120
                                                     --------           --------          --------

Net cash used in operations                           (26,871)                --           (51,549)
                                                     --------           --------          --------
CASH FLOWS FROM FINANCING ACTIVITIES
  Shares issued for cash                                   --                 --            55,500
                                                     --------           --------          --------

Net cash provided by financing activities                  --                 --            55,500
                                                     --------           --------          --------

NET INCREASE (DECREASE) IN CASH                       (26,870)                --             3,951

CASH, BEGINNING                                        30,822                 --                --
                                                     --------           --------          --------

CASH, ENDING                                            3,951                 --             3,951
                                                     ========           ========          ========

SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid for:
  - Interest                                               --                 --                --
                                                     ========           ========          ========
  - Income taxes                                           --                 --                --
                                                     ========           ========          ========
</TABLE>


                           - See Accompanying Notes -

                                       4
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

April 30, 2007
(Unaudited)
--------------------------------------------------------------------------------

NOTE 1 - BASIS OF PRESENTATION

UNAUDITED INTERIM FINANCIAL STATEMENTS

The accompanying  unaudited interim  financial  statements have been prepared in
accordance  with United States  generally  accepted  accounting  principles  for
interim  financial  information  and with the  instructions  to Form  10-QSB  of
Regulation S-B. They may not include all  information and footnotes  required by
United States generally  accepted  accounting  principles for complete financial
statements.  However,  except as  disclosed  herein,  there has een no  material
changes in the  information  disclosed in the notes to the financial  statements
for the year ended April 30, 2006 included in the Company's Form SB-2 filed with
the  Securities  and  Exchange  Commission.   The  unaudited  interim  financial
statements  should  be read  in  conjunction  with  those  financial  statements
included  in the Form  SB-2.  In the  opinion  of  Management,  all  adjustments
considered  necessary  for a fair  presentation,  consisting  solely  of  normal
recurring  adjustments,  have been made.  Operating  results for the nine months
ended April 30, 2007 are not  necessarily  indicative of the results that may be
expected for the year ending July 31, 2007.

GOING CONCERN

These  financial  statements  have been prepared on a going concern  basis.  The
Company has incurred losses since inception  resulting in an accumulated deficit
of  $53,669  at April  30,  2007  and  further  losses  are  anticipated  in the
development  of its  business  raising  substantial  doubt  about the  Company's
ability to  continue  as a going  concern.  Its  ability to  continue as a going
concern is  dependent  upon the ability of the  Company to  generate  profitable
operations in the future  and/or to obtain the  necessary  financing to meet its
obligations  and repay its liabilities  arising from normal business  operations
when they come due.  Management has plans to seek additional  financing  through
private  placements  of its common  stock  and/or  loans from  directors.  These
financial   statements   do  not  include  any   adjustments   relating  to  the
recoverability  and  classification  of recorded  assets,  or the amounts of and
classification  of liabilities  that might be necessary in the event the Company
cannot continue as a going concern.

                                       5
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

RESULTS OF OPERATIONS

We did not earn any revenues during the nine-month period ended April 30, 2007.

We incurred operating expenses in the amount of $21,544 for the nine-month
period ended April 30, 2007. These operating expenses were comprised of general
and administrative expenses of $13,976 and mineral property costs of $7,568.

Our net loss for the nine-month period ended April 30, 2007 increased from the
comparative period in fiscal 2006 (2006: $550) primarily due to an increase in
general and administrative expenses and mineral property costs as a result of
commencement of operations.

At April 30, 2007, we had total assets of $3,951 consisting entirely of cash. At
the same date, our liabilities consisted of accounts payable and accrued
liabilities of $2,120.

We have not attained profitable operations and are dependent upon obtaining
financing to pursue exploration activities. For these reasons our auditors
believe that there is substantial doubt that we will be able to continue as a
going concern.

PLAN OF OPERATION

Our plan of operation for the next twelve months is to complete the three phases
of the exploration program on our claim consisting of detailed prospecting,
mineralization mapping, Magnetometer, grid controlled surveys over the areas of
interest, induced polarization survey over grid controlled anomalous areas of
interest, hoe or bulldozer trenching, mapping and sampling of bedrock anomalies.
In addition to the costs we anticipate for Phases 1-3 of the exploration program
as outlined below, we anticipate spending an additional $5,000 on professional
fees, including fees payable in connection complying with reporting obligations,
and general administrative costs. If we experience a shortage of funds we may
utilize funds from our directors, however they have no formal commitment,
arrangement or legal obligation to advance or loan funds to the company.

We plan to commence Phase 1 of the exploration program on the claim in the
spring of 2007. We expect this phase to take 10 days to complete and an
additional one to two months for the geologist to receive the results from the
assay lab and prepare his report.

Subject to the results of phase 1, we anticipate commencing the second phase of
our exploration program in summer 2007. Subject to financing and the results of

                                       6
<PAGE>
phases 1 and 2 we anticipate commencing with phase 3 in fall 2007 or spring
2008. We have a verbal agreement with Andre Pauwels, the professional geologist
who prepared the geology report on the Telluric Gold Property, to retain his
services for our planned exploration program. We will require additional funding
to proceed with any subsequent work on the claim; we have no current plans on
how to raise the additional funding. We cannot provide any assurance that we
will be able to raise sufficient funds to proceed with any work after the first
three phases of the exploration program.

The following three phase exploration proposal and cost estimate is offered with
the understanding that consecutive phases are contingent upon positive
(encouraging) results being obtained from each preceding phase:

     1.   Establish a grid over a 1000 by 500 m area and centred on the Telluric
          Shaft. Lines should be oriented N25E across the strike of the known
          Telluric vein, extend 250m to the NE and 250m to the southwest. Trees
          are to be sampled at 25 m intervals west of the shaft, where
          overburden prevails and at 50 m intervals east of the shaft where the
          shear zone/vein is intermittently exposed over 150 m of strike.
     2.   Establish a grid over a 500 by 500m area around the Moon showing.
          Lines to be oriented north-south and spaced 100 meters apart. Trees to
          be sampled at 50 m intervals along lines.
     3.   If positive results are found from the bark sampling, a program of
          trenching with a backhoe of all areas with high gold in bark is
          recommended.

                                     BUDGETS
1 SAMPLING TELLURIC                                              $         US $
Travel                    2 man days                            600
Bark sampling             Technician 3 days                     600
Establishing Grid         Geologist 1 day/technician 1 day      600
Analysis                  150 samples @ $25 each              3,750
Sample transport                                                100
Food Lodging              5 man-days $75 per day                375
Truck rental/gas                                                400
Report/drafting                                               1,500
                                                       TOTAL  7,925       6,952
2 SAMPLING MOON
Travel                    2 man days                            600
Bark sampling             Technician 1 days                     200
Establishing Grid         Geologist 1 day/technician 1 day      600

                                       7
<PAGE>
Analysis                  60samples @ $25 each                3,750
Sample transport                                                 50
Food Lodging              3 man-days $75/day                    225
Truck rental/gas                                                250
Report/drafting                                                 500
                                                       TOTAL  6,175       5,417
3 TRENCHING
Backhoe rental            5 days @ 600/day                    3,000
Permitting                                                    4,000
Mobe /Demobe                                                  3,000
Supervision sampling      Geologist  5 days                   2,500

Travel                    Geologist  2 days                   1,000
Food and Lodging          5 days @ $75/day                      375
Truck rental /gas         7 days                                500
Report and drafting                                           1,500
Analysis                                                      1,500
Contingency                                                   2,000
                                                       TOTAL 19,375      16,996
                                                                         29,365

We currently do not have enough funds on hand to commence exploration on our
claims. To complete phases one, two and three will require additional funding.
We anticipate that additional funding will be required in the form of equity
financing from the sale of our common stock or loans from our directors.
However, we may not be able to raise sufficient funding from the sale of our
common stock to fund the third phase of the exploration program. We do not have
any arrangements in place for any future equity financing. Our management is
prepared to provide us with short-term loans, although no such arrangement has
been made.

If we do not secure additional funding for our exploration expenditures, we may
consider seeking an arrangement with a joint venture partner that would provide
the required funding in exchange for receiving a part interest in the Green
Energy Claims. We have not undertaken any efforts to locate a joint venture
partner. There is no guarantee that we will be able to locate a joint venture
partner who will assist us in funding exploration expenditures upon acceptable
terms. We may also pursue acquiring interests in alternate mineral properties in
the future.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

SIGNIFICANT ACCOUNTING POLICIES

It is suggested that these financial statements be read in conjunction with our
January 31, 2007 audited financial statements and notes thereto, which can be

                                       8
<PAGE>
found in our Form 10K-SB annual filing on the SEC website at www.sec.gov under
our SEC File Number 333-134549.

Our significant accounting policies are as follows:

MINERAL INTERESTS

The Company has been in the exploration stage of its resource business since its
formation on June 21, 2005 and has not realized any revenues from its planned
operations. It is primarily engaged in the acquisition and exploration of
mineral properties. Mineral property acquisition, exploration and development
costs are expensed as incurred until such time as economic reserves are
quantified. The recoverability of capitalized costs of mineral properties are
presumed to be insupportable under FASB Statement No. 144 prior to determining
the existence of a commercially mineable deposit, as contemplated by Industry
Guide 7 for mining companies in the exploration stage. Further, the Company has
considered the guidance under EITF 04-2 and has determined that capitalization
of mineral property acquisition costs is inappropriate at the current stage of
the Company's mineral property exploration activities. 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 will be capitalized. Such costs will be amortized using the
unit-of-production method over the estimated life of proven reserves. As of the
date of these financial statements, the Company has incurred only exploration
costs which have been charged to operations. To date the Company has not
established any proven or probable reserves on its mineral properties.

ITEM 3. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

                                       9
<PAGE>
Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 2. UNREGISTERED SALE OF SECURITIES

None.

ITEM 3. DEFAULT OF SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

Not applicable.

ITEM 6. EXHIBITS

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our Form SB-2 Registration
Statement, filed under SEC File Number 333-139915, at the SEC website at
www.sec.gov:

     Exhibit
     Number                         Description
     ------                         -----------
       3.1        Articles of Incorporation*
       3.2        Bylaws*
      31.1        Sec. 302 Certification of Principal Executive Officer
      31.2        Sec. 302 Certification of Principal Financial Officer
      32.1        Sec. 906 Certification of Principal Executive Officer
      32.2        Sec. 906 Certification of Principal Financial Officer

                                       10
<PAGE>
                                   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.

June 7, 2007               Madrona Ventures Inc., Registrant


                           By: /s/ Reese Baglole
                              ------------------------------------------
                              Reese Baglole, President, Chief Executive
                              Officer, Principal Accounting Officer, and
                              Chief Financial Officer

                                       11