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 October 31, 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 October 31, 2007.
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
BALANCE SHEETS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                               Unaudited
                                                              October 31,         July 31,
                                                                  2007              2007
                                                                -------           -------
                                                                 - $ -             - $ -
<S>                                                           <C>              <C>
ASSETS

Current assets
  Cash                                                               75               270
                                                                =======           =======

LIABILITIES

Current liabilities
  Accounts payable and accrued liabilities                        7,500             7,500
  Due to a related party                                          3,500             3,000
                                                                -------           -------
                                                                 11,000            10,500
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                                        6,525             6,525
Additional paid in capital                                       48,975            48,975
Deficit accumulated during the exploration stage                (66,425)          (65,730)
                                                                -------           -------

                                                                (10,925)          (10,230)
                                                                -------           -------

                                                                     75               270
                                                                =======           =======
</TABLE>


                           - See Accompanying Notes -

                                       2
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
STATEMENTS OF OPERATIONS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                      Cumulative from
                                                Three months        Three months        June 21, 2005
                                                   ended               ended           (Inception) to
                                                 October 31,         October 31,         October 31,
                                                   2007                2006                2007
                                                 ---------           ---------           ---------
                                                   - $ -               - $ -               - $ -
<S>                                              <C>                 <C>              <C>
EXPENSES
  General and administrative                           695                 795              27,410
  Mineral Interest                                      --               7,568              39,015
                                                 ---------           ---------           ---------
NET LOSS                                               695               8,363              66,425
                                                 =========           =========           =========

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

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    6,525,000           6,525,000                  --
                                                 =========           =========           =========
</TABLE>


                           - See Accompanying Notes -

                                       3
<PAGE>
MADRONA VENTURES INC.
(An Exploration Stage Company)
STATEMENTS OF CASH FLOWS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                         Cumulative from
                                                    Three months       Three months        June 21, 2005
                                                       ended              ended           (Inception) to
                                                     October 31,        October 31,         October 31,
                                                       2007               2006                2007
                                                     ---------          ---------           ---------
                                                       - $ -              - $ -               - $ -
<S>                                                  <C>                <C>              <C>

CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                               (695)            (8,363)            (66,425)
  Changes in non cash working capital items:
    Accounts payable and accrued liabilities               --                 --               7,500
                                                      -------            -------             -------
Net cash used in operations                              (695)            (8,363)            (58,925)
                                                      -------            -------             -------
CASH FLOWS FROM FINANCING ACTIVITIES
  Shares issued for cash                                   --                 --              55,500
  Due to a related party                                  500                 --               3,500
                                                      -------            -------             -------
Net cash provided by financing activities                 500                 --              59,000
                                                      -------            -------             -------
NET INCREASE IN CASH                                     (195)            (8,363)                 75

CASH, BEGINNING                                           270             30,822                  --
                                                      -------            -------             -------

CASH, ENDING                                               75             22,459                  75
                                                      =======            =======             =======

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
October 31, 2007
--------------------------------------------------------------------------------

1. BASIS OF PRESENTATION

The accompanying  unaudited interim financial statements are presented in United
States dollars and 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. Certain  information and footnote
disclosures  normally  included in financial  statements  prepared in accordance
with accounting  principles  generally  accepted in the United States of America
have been  condensed  or omitted  pursuant  to such rules and  regulations.  The
unaudited  interim  financial  statements should be read in conjunction with the
audited  financial  statements  as of July 31, 2007  included  in the  Company's
filing on Form 10-KSB. 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 three  months  ended
October  31, 2007 are not  necessarily  indicative  of the  results  that may be
expected for the entire fiscal year ending July 31, 2008.


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

RESULTS OF OPERATIONS

We did not earn any revenues during the three-month period ended October 31,
2007.

We incurred operating expenses in the amount of $695 and $8,363 for the
three-month periods ended October 31, 2007 and 2006. The 2007 operating expenses
were comprised primarily of general and administrative expenses, while 2006 also
included expenses for mineral interest.

Our net loss for the three-month period ended October 31, 2007 decreased $7,668
from the comparative period in fiscal 2006 (2006: $8,363).

At October 31, 2007, we had total assets of $75 consisting entirely of cash. At
the same date, our liabilities consisted of accounts payable and accrued
liabilities of $11,000. Of that figure $3,500 is a loan due to our director
which is interest-free, with no specific terms of repayment.

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 phases 2 and 3
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 2 and 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 2 of the exploration program on the claim in the
spring of 2008. 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.

We completed phase 1 of the exploration program during the current year. The
results of phase 1 indicated that further exploration work on the claims is

                                       6
<PAGE>
warranted. We anticipate commencing the second phase of our exploration program
in the spring of 2008. Subject to financing and the results of phase 2 we
anticipate commencing with phase 3 in fall 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                                           $CDN        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               3750
Sample transport                                                100
Food Lodging              5 man-days $75 per day                375
Truck rental/gas                                                400
Report/drafting                                                1500
                                                       TOTAL   7925        8081
                                                               ----        ----
2 SAMPLING MOON
Travel                    2 man days                            600
Bark sampling             Technician 1 days                     200

                                       7
<PAGE>
Establishing Grid         Geologist 1 day/technician 1 day      600
Analysis                  60samples @ $25 each                 3750
Sample transport                                                 50
Food Lodging              3 man-days $75/day                    225
Truck rental/gas                                                250
Report/drafting                                                 500
                                                       TOTAL   6175        6297
                                                               ----        ----
3  TRENCHING
Backhoe rental            5 days @ 600/day                     3000
Permitting                                                     4000
Mobe /Demobe                                                   3000
Supervision sampling      Geologist  5 days                    2500
Travel                    Geologist  2 days                    1000
Food and Lodging          5 days @ $75/day                      375
Truck rental /gas         7 days                                500
Report and drafting                                            1500
Analysis                                                       1500
Contingency                                                    2000
                                                       TOTAL  19375       19756
                                                              -----       -----
                                                                          34134

We currently do not have enough funds on hand to conduct further exploration on
our claims. We had budgeted $8,081 for the first phase of the exploration
program, the actual costs were $7,568. To complete phases 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.

                                       8
<PAGE>
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
July 31, 2007 audited financial statements and notes thereto, which can be found
in our Form 10K-SB annual filing, and amendments thereto, on the SEC website at
www.sec.gov under our SEC File Number 333-139915.

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

                                       9
<PAGE>
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls 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.

                                       10
<PAGE>
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

                                   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.

December 7, 2007                    Madrona Ventures Inc., Registrant


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

                                       11