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

                                    FORM 10-Q

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

    FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2008

                        Commission file number 333-140445


                             SAWADEE VENTURES, INC.
             (Exact name of registrant as specified in its charter)

                                     NEVADA
         (State or other jurisdiction of incorporation or organization)

                           #208-828 Harbourside Drive
                      North Vancouver, B.C. Canada V7P 3R9
          (Address of principal executive offices, including zip code.)

                                  (604)904-8481
                     (Telephone number, including area code)

                            Michael M. Kessler, Esq.
                       3436 American River Drive, Suite 11
                              Sacramento, CA 95864
                                 (916) 239-4000
            (Name, address and telephone number of agent for service)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act 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 last 90 days. YES [ X ] NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer, "accelerated filer,"
"non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

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
equity, as of the latest practicable date: 36,000,000 shares as of August 1,
2008
<PAGE>
ITEM 1. FINANCIAL STATEMENTS.

                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                                  Balance Sheet
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                    Unaudited            Audited
                                                                      As of               As of
                                                                     June 30,          December 31,
                                                                       2008               2007
                                                                     --------           --------
<S>                                                                  <C>                <C>
                                   A S S E T S

CURRENT ASSETS
  Cash                                                               $ 19,306           $ 25,018
                                                                     --------           --------
      Total Current Assets                                             19,306             25,018
                                                                     --------           --------

      Total  Assets                                                  $ 19,306           $ 25,018
                                                                     ========           ========

                             L I A B I L I T I E S

CURRENT LIABILITIES
  Accounts Payable and Accrued Liabilities                           $  2,265           $  5,450
                                                                     --------           --------
      Total Current Liabilities                                         2,265              5,450
                                                                     --------           --------

                      S T O C K H O L D E R S ' E Q U I T Y

Common Stock
  75,000,000 authorized shares, par value $0.001
  36,000,000 shares issued and outstanding                             36,000             36,000
Additional Paid-in-Capital                                             18,000             18,000
Deficit accumulated during exploration stage                          (36,959)           (34,432)
                                                                     --------           --------
      Total Stockholders' Equity                                       17,041             19,568
                                                                     --------           --------

      Total Liabilities and Stockholders' Equity                     $ 19,306           $ 25,018
                                                                     ========           ========
</TABLE>


                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       2
<PAGE>
                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                             Statement of Operations
                           (Expressed in U.S. Dollars)
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                                                                 Period from
                                                                                                              September 26, 2006
                                              Six Months     Three Months     Six Months      Three Months    (Date of inception)
                                                Ended           Ended           Ended            Ended             through
                                               June 30,        June 30,        June 30,         June 30,          June 30,
                                                 2008            2008            2007             2007              2008
                                              -----------     -----------     -----------      -----------       -----------
<S>                                           <C>             <C>             <C>              <C>               <C>
REVENUES:
  Revenues                                    $        --     $        --     $        --      $        --       $        --
                                              -----------     -----------     -----------      -----------       -----------
      Total Revenues                                   --              --              --               --                --
EXPENSES:
  Operating Expenses
    Exploration expenses                               --              --              --               --            10,000
    Impairment of mineral property                     --              --              --               --             9,000
    General and Administrative                        897             415           3,645            1,345             5,674
    Professional Fees                               1,630           1,630           1,500               --            12,285
                                              -----------     -----------     -----------      -----------       -----------
      Total Expenses                                2,527           2,045           5,145            1,345            36,959
                                              -----------     -----------     -----------      -----------       -----------

      Net loss from Operations                     (2,527)         (2,045)         (5,145)          (1,345)          (36,959)

PROVISION FOR INCOME TAXES:
  Income Tax Benefit                                   --              --              --               --                --
                                              -----------     -----------     -----------      -----------       -----------

      Net Income (Loss) for the period        $    (2,527)    $    (2,045)    $    (5,145)     $    (1,345)      $   (36,959)
                                              ===========     ===========     ===========      ===========       ===========

Basic and Diluted Earnings Per Common Share         (0.00)          (0.00)          (0.00)           (0.00)            (0.00)
                                              ===========     ===========     ===========      ===========       ===========

Weighted Average number of Common Shares
 used in per share calculations                36,000,000      36,000,000      25,900,000       33,800,000        28,609,642
                                              ===========     ===========     ===========      ===========       ===========
</TABLE>


                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       3
<PAGE>
                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                        Statement of Stockholders' Equity
       For the period from September 26, 2006 (inception) to June 30, 2008
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                    $0.001        Paid-In     Accumulated   Stockholders'
                                                     Shares        Par Value      Capital       Deficit       Equity
                                                     ------        ---------      -------       -------       ------
<S>                                                 <C>           <C>           <C>           <C>            <C>
Balance, September 26, 2006 (Date of Inception)            --      $     --      $     --      $      --     $     --

Stock Issued for cash at $0.001 per share          18,000,000        18,000            --             --       18,000
 on December 1, 2006

Net Loss for the Period (audited)                          --            --            --         (7,165)      (7,165)
                                                   ----------      --------      --------      ---------     --------

Balance, December 31, 2006                         18,000,000        18,000            --         (7,165)      10,835

Stock Issued for cash at $0.002 per share          18,000,000        18,000        18,000             --       36,000
 on April 12, 2007

Net Loss for the Year (audited)                            --            --            --        (27,267)     (27,267)
                                                   ----------      --------      --------      ---------     --------

Balance, December 31, 2007                         36,000,000        36,000        18,000        (34,432)      19,568

Net Loss for the Period (unaudited)                        --            --            --         (2,527)      (2,527)
                                                   ----------      --------      --------      ---------     --------

Balance, June 30, 2008                             36,000,000      $ 36,000      $ 18,000      $ (36,959)    $ 17,041
                                                   ==========      ========      ========      =========     ========
</TABLE>

                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       4
<PAGE>
                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                             Statement of Cash Flows
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                                                Period from
                                                                                                             September 26, 2006
                                                Six Months     Three Months     Six Months     Three Months  (Date of inception)
                                                  Ended           Ended           Ended           Ended           through
                                                 June 30,        June 30,        June 30,        June 30,        June 30,
                                                   2008            2008            2007            2007            2008
                                                 --------        --------        --------        --------        --------
<S>                                              <C>          <C>                  <C>           <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Loss                                       $ (2,527)       $ (2,045)       $ (5,145)       $ (1,345)       $(36,959)
  Adjustments to reconcile net loss to net
   cash used in operating activities:
     Impairment of mineral property                    --              --              --              --           9,000
     Prepaid Expenses                                  --             140              --              --              --
     Accounts Payable and Accrued Liabilities      (3,185)           (505)         (2,400)           (400)          2,265
                                                 --------        --------        --------        --------        --------
Net Cash Provided from Operating Activities        (5,712)         (2,410)         (7,545)         (1,745)        (25,694)
                                                 --------        --------        --------        --------        --------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Mineral property option payment                      --              --              --              --          (9,000)
                                                 --------        --------        --------        --------        --------
Net Cash Used in Investing Activities                  --              --              --              --          (9,000)
                                                 --------        --------        --------        --------        --------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Common Stock issued for cash                         --              --          36,000          36,000          54,000
                                                 --------        --------        --------        --------        --------
Net Cash Provided from Financing Activities            --              --          36,000          36,000          54,000
                                                 --------        --------        --------        --------        --------

Net Increase (Decrease) in Cash                    (5,712)         (2,410)         28,455          34,255          19,306
                                                 --------        --------        --------        --------        --------

Cash, Beginning of the Period                      25,018          21,716          14,000           8,200              --
                                                 --------        --------        --------        --------        --------

Cash, End of the Period                          $ 19,306        $ 19,306        $ 42,455        $ 42,455        $ 19,306
                                                 ========        ========        ========        ========        ========
</TABLE>


                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       5
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES

DESCRIPTION  OF  BUSINESS  AND  HISTORY  -  Sawadee   Ventures  Inc.,  a  Nevada
corporation,  (hereinafter  referred to as the "Company" or "Sawadee  Ventures")
was  incorporated  in the State of Nevada on September 26, 2006. The Company was
formed to engage in the  acquisition,  exploration  and  development  of natural
resource  properties  of merit.  During the period  ending  June 30,  2008,  the
Company  entered into an option  agreement  to acquire  certain  mineral  claims
located in British Columbia (refer to Note 3).

The Company's operations have been limited to general administrative operations,
initial  property  staking and  investigation,  and is considered an Exploration
Stage Company in accordance with Statement of Financial Accounting Standards No.
7.

The  Company  will review and further  develop  the  accounting  policies as the
business plan is implemented.

The Company's SB-2  registration  statement that was initially filed on February
5, 2007 with the Securities and Exchange  Commission  (SEC) in order to raise an
aggregate  amount of $36,000 from the sale of 18,000,000  common shares at $.002
per share,  was declared  effective by the SEC on March 2, 2007. The Company has
completed the offering as of April 12, 2007 and raised  $36,000 from the sale of
18,000,000 common shares at $0.002 per share.

MANAGEMENT OF COMPANY - The Company filed its articles of incorporation with the
Nevada Secretary of State on September 26, 2006,  indicating Sandra L. Miller on
behalf of Resident Agents of Nevada, Inc. as the sole incorporator.  The initial
list of officers  filed with the Nevada  Secretary of State on November 3, 2006,
indicates  the sole  director  Douglas  Ford as the  President,  Secretary,  and
Treasurer.

GOING CONCERN - The Company has incurred net losses of approximately $36,959 for
the period from September 26, 2006 (Date of Inception) through June 30, 2008 and
has commenced limited operations,  raising substantial doubt about the Company's
ability to continue as a going concern. The Company will seek additional sources
of capital through the issuance of debt or equity financing, but there can be no
assurance the Company will be successful in accomplishing its objectives.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
additional  sources  of  capital  and the  success of the  Company's  plan.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

YEAR END - The Company's year end is December 31.

                                       6
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

USE OF ESTIMATES - The  preparation  of the  financial  statements in conformity
with  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 amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

INCOME  TAXES - The Company  accounts for its income  taxes in  accordance  with
Statement of Financial  Accounting  Standards  ("SFAS") No. 109,  which requires
recognition of deferred tax assets and liabilities  for future tax  consequences
attributable to differences  between the financial statement carrying amounts of
existing assets and  liabilities  and their  respective tax basis and tax credit
carry  forwards.  Deferred tax assets and liabilities are measured using enacted
tax rates  expected  to apply to  taxable  income  in the  years in which  those
temporary  differences  are expected to be  recovered or settled.  The effect on
deferred tax assets and  liabilities  of a change in tax rates is  recognized in
operations in the period that includes the enactment date.

The Company has net  operating  loss  carryover to be used for  reducing  future
years  taxable  income.  The Company has recorded a valuation  allowance for the
full  potential  tax  benefit  of  the  operating  loss  carryovers  due  to the
uncertainty regarding realization.

NET  LOSS  PER  COMMON  SHARE - The  Company  computes  net  loss  per  share in
accordance  with SFAS No. 128,  Earnings  per Share  ("SFAS  128") and SEC Staff
Accounting  Bulletin No. 98 ("SAB 98"). Under the provisions of SFAS 128 and SAB
98, basic net loss per share is computed by dividing  the net loss  available to
common  stockholders  for the period by the weighted average number of shares of
common stock outstanding  during the period. The calculation of diluted net loss
per share gives effect to common stock  equivalents;  however,  potential common
shares are  excluded  if their  effect is  anti-dilutive.  For the  period  from
September 26, 2006 (Date of Inception)  through March 31, 2008,  the Company had
no potentially dilutive securities.

STOCK-BASED  COMPENSATION  - The Company has not adopted a stock option plan and
has not granted any stock options.  Accordingly no stock-based  compensation has
been recorded to date.

LONG-LIVED  ASSETS - In accordance  with Financial  Accounting  Standards  Board
("FASB") SFAS No. 144,  "Accounting for the Impairment or Disposal of Long-Lived
Assets",  the carrying value of intangible assets and other long-lived assets is
reviewed on a regular basis for the existence of facts or circumstances that may
suggest  impairment.  The  Company  recognizes  impairment  when  the sum of the
expected  undiscounted future cash flows is less than the carrying amount of the
asset.  Impairment  losses,  if any,  are measured as the excess of the carrying
amount of the asset over its estimated fair value.

                                       7
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

MINERAL PROPERTY COSTS - The Company has been in the exploration stage since its
inception on September  26, 2006 and has not yet realized any revenues  from its
planned operations,  being the acquisition and exploration of mining properties.
Mineral property  exploration  costs are expensed as incurred.  Mineral property
acquisition costs are initially  capitalized when incurred using the guidance in
EITF 04-02,  "Whether  Mineral  Rights Are Tangible or Intangible  Assets".  The
Company  assesses  the  carrying  costs  for  impairment  under  SFAS  No.  144,
"Accounting  for  Impairment  or Disposal  of Long Lived  Assets" at each fiscal
quarter  end.  When  it has  been  determined  that a  mineral  property  can be
economically developed as a result of establishing proven and probable reserves,
the costs then incurred to develop such property,  are  capitalized.  Such costs
will be amortized using the  units-of-production  method over the estimated life
of the probable  reserve.  If mineral  properties are subsequently  abandoned or
impaired, any capitalized costs will be charged to operations.

RECENT  ACCOUNTING  PRONOUNCEMENTS - In February 2007, the Financial  Accounting
Standards Board issued Statement of Financial  Accounting Standards No. 159, The
Fair Value Option for Financial Assets and Financial  Liabilities - Including an
amendment of FASB  Statement No. 115 ("SFAS No. 159").  This  statement  permits
entities to choose to measure many financial instruments and certain other items
at fair value.  The  objective  is to improve  financial  reporting by providing
entities with the opportunity to mitigate  volatility in reported earnings cause
by measuring related assets and liabilities  differently without having to apply
complex hedge  accounting  provisions.  This Statement is expected to expand the
use of fair value  measurement,  which is consistent with the Board's  long-term
measurement objectives for accounting for financial instruments.  This statement
is effective as of the beginning of the Company's  first fiscal year that begins
after November 15, 2007, although earlier adoption is permitted.  As of December
31, 2007,  the Company has not adopted this  statement  and  management  has not
determined the effect that adopting this  statement  would have on the Company's
financial position or results of operations.

In December  2007,  the FASB issued  SFAS No.  160,  Noncontrolling  Interest in
Consolidated Financial Statements,  an amendment of ARB No. 51 ("SFAS No. 160"),
which will change the  accounting  and reporting for minority  interests,  which
will  be  recharacterized  as  noncontrolling  interests  and  classified  as  a
component of equity  within the  consolidated  balance  sheets.  SFAS No. 160 is
effective as of the beginning of an entity's  first fiscal year  beginning on or
after  December 15, 2008.  Earlier  adoption is  prohibited.  Management has not
determined the effect that adopting this  statement  would have on the Company's
financial position or results of operations.

                                       8
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

In  December  2007,  the FASB  issued  SFAS No.  141  (Revised  2007),  Business
Combinations  ("SFAS No.  141R").  SFAS No. 141R will change the  accounting for
business combinations. Under SFAS No. 141R, an acquiring entity will be required
to recognize all the assets acquired and liabilities assumed in a transaction at
the  acquisition-date  fair value with  limited  exceptions.  SFAS No. 141R will
change the accounting  treatment and disclosure for certain  specific items in a
business   combination.   SFAS  No.  141R  applies   prospectively  to  business
combinations  for which the acquisition date is on or after the beginning of the
entity's first annual  reporting period beginning on or after December 15, 2008.
Accordingly, any business combinations completed by the Company prior to January
1, 2009 will be recorded and disclosed  following existing GAAP.  Management has
not  determined  the  effect  that  adopting  this  statement  would have on the
Company's financial position or results of operations.

In September  2006,  FASB issued SFAS No. 157,  Fair Value  Measure"  ("SFAS No.
157"). This Statement defines fair value,  establishes a framework for measuring
fair  value  in  generally  accepted  accounting   principles  (GAAP),   expands
disclosures  about fair value  measurements,  and applies under other accounting
pronouncements that require or permit fair value measurements. SFAS No. 157 does
not require any new fair value measurements.  However, the FASB anticipates that
for some entities, the application of SFAS No. 157 will change current practice.
SFAS No. 157 is  effective  for  financial  statements  issued for fiscal  years
beginning  after  November  15,  2007,  which for the Company is the fiscal year
beginning  January 1, 2008.  The Company is currently  evaluating  the impact of
adopting SFAS No. 157 but does not expect that it will have a significant effect
on its financial position or results of operations.

In June 2006, FASB issued  Interpretation  No. 48, Accounting for Uncertainty in
Income  Taxes-an  Interpretation  of FASB  Statement  No. 109 ("FIN  48").  This
Interpretation   clarifies  the  accounting  for  uncertainty  in  income  taxes
recognized in an enterprise's  financial  statements in accordance with FASB No.
109, "Accounting for Income taxes." This Interpretation prescribes a recognition
threshold and measurement  attribute for the financial statement recognition and
measurement  of a tax  position  taken or  expected to be taken in a tax return.
This  Interpretation  also provides guidance on  derecognition,  classification,
interest  and  penalties,   accounting  in  interim   periods,   disclosure  and
transition.  This  Interpretation  is effective for fiscal years beginning after
December 15, 2006. The Company has determined that the adoption of Statement No.
158 did not have any material  impact on the Company's  results of operations or
financial position.

2. PROPERTY AND EQUIPMENT

As of June 30, 2008, the Company does not own any property and/or equipment.

                                       9
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


3. MINERAL PROPERTY

Effective  December  31,  2006,  the  Company  entered  into a Mineral  Property
Purchase  Agreement (the  "Agreement")  with Cazador  Resources  Ltd., a private
British  Columbia  company,  whereby the Company obtained an option to acquire a
total of 3 mining  claims  covering  approximately  1,836  acres  located in the
Vernon Mining District of British Columbia (the "Lavington Property").

Under the terms of the  Agreement,  the Company paid $4,000 upon execution and a
further  $5,000 on the first  anniversary  of the effective date and in order to
maintain the option, is required to pay $6,000 on the second  anniversary of the
effective  date.  Upon  completion  of  the  required  payments,  which  may  be
accelerated  at the  Company's  option,  the Company will own an undivided  100%
interest in the Lavington Property subject to a 1.5% net smelter return owing to
the vendor commencing upon commercial production being achieved.

Prior to completing the payments  required under the Agreement,  the Company has
the right to conduct  exploration and development  activities on the property at
its sole discretion and may, having provided notice to the vendor, terminate the
Agreement and relieve itself from any obligations thereunder.

The cost of the mineral property option was initially  capitalized.  The Company
has recognized an impairment  loss of $5,000,  as it has not yet been determined
whether there are proven or probable reserves on the property.

4. STOCKHOLDER'S EQUITY

The  Company has  75,000,000  shares  authorized  with a par value of $0.001 per
share.

A total of  36,000,000  shares of the  Company's  common stock have been issued.
18,000,000  shares of the  Company's  common  stock to the sole  director of the
Company pursuant to a stock subscription agreement at $0.001 per share for total
proceeds of $18,000.  Another 18,000,000 shares of the Company's common stock at
a price of $0.002 per share for gross proceeds of $36,000

5. RELATED PARTY TRANSACTIONS

Douglas Ford,  the sole officer and director of the Company was not paid for any
underwriting services that he performed on behalf of the Company with respect to
the Company's recently completed SB-2 prospectus offering.

As of June 30, 2008 there are no other  related party  transactions  between the
Company and any officers other than those mentioned above.

                                       10
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


6. STOCK OPTIONS

As of June 30, 2008,  the Company does not have any stock  options  outstanding,
nor  does  it have  any  written  or  verbal  agreements  for  the  issuance  or
distribution of stock options at any point in the future.

                                       11
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

FORWARD LOOKING STATEMENTS

Some of the statements contained in this Form 10-Q that are not historical facts
are "forward-looking statements" which can be identified by the use of
terminology such as "estimates," "projects," "plans," "believes," "expects,"
"anticipates," "intends," or the negative or other variations, or by discussions
of strategy that involve risks and uncertainties. We urge you to be cautious of
the forward-looking statements, that such statements, which are contained in
this Form 10-Q, reflect our current beliefs with respect to future events and
involve known and unknown risks, uncertainties and other factors affecting our
operations, market growth, services, products and licenses. No assurances can be
given regarding the achievement of future results, as actual results may differ
materially as a result of the risks we face, and actual events may differ from
the assumptions underlying the statements that have been made regarding
anticipated events.

All written forward-looking statements made in connection with this Form 10-Q
that are attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. Given the
uncertainties that surround such statements, you are cautioned not to place
undue reliance on such forward-looking statements.

The safe harbours of forward-looking statements provided by the Securities
Litigation Reform Act of 1995 are unavailable to issuers not subject to the
reporting requirements set forth under Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended. As we have not registered our securities
pursuant to Section 12 of the Exchange Act, such safe harbours set forth under
the Reform Act are unavailable to us.

RESULTS OF OPERATIONS

We are still in our development stage and have generated no revenue to date.

We incurred operating expenses of $2,045 and $1,345 for the three-month periods
ended June 2008 and 2007, respectively. These expenses consisted of general and
administrative expenses.

At June 30, 2008, we had cash on hand of $19,306, being our total assets, and
our liabilities were $2,265 in accounts payable.

We have sold $54,000 in equity securities since inception, $18,000 from the sale
of 18,000,000 shares of stock to our officer and director and $36,000 from the
sale of 18,000,000 shares registered pursuant to our SB-2 Registration Statement
which became effective on March 2, 2007.

The following table provides selected financial data about our company for the
period from the date of incorporation through June 30, 2008.

                                       12
<PAGE>
                     Balance Sheet Data:           6/30/08
                     -------------------           -------

                     Cash                          $19,306
                     Total assets                  $19,306
                     Total liabilities             $ 2,265
                     Shareholders' equity          $17,041

Our auditors have expressed their doubt about our ability to continue as a going
concern unless we are able to generate profitable operations.

LIQUIDITY AND CAPITAL RESOURCES

We currently have $19,306 cash on hand which comprises our total assets. We
believe that we can meet our cash needs for the next twelve months.

PLAN OF OPERATION

Our plan of operation for the next twelve months is to complete the first phase
of exploration programs on the Lavington mineral property consisting of soil
sampling and prospecting, geochemical analyses; data evaluation and reporting.
In addition to the additional $10,000 we anticipate spending for Phase I of the
exploration program, we anticipate spending an additional $8,000 on professional
fees, including fees payable in connection with compliance with reporting
obligations, general administrative costs, and lease option payments. Total
expenditures over the next 12 months are therefore expected to be $18,000.

Lavington Property Cost Proposal

Phase 1                                                      Cost
-------                                                      ----

Soil sampling and prospecting (6 mandays)                     4,500
Geochemical Analyses (100 soils, 50 rocks)                    3,000
Geophysical Test Survey - (IP/Mag/VLF-EM)                     9,500
Data evaluation and reporting                                 2,000
Contingency                                                   1,500
                                                             ------
subtotal                                                     20,000

Phase 2
-------
Geophysical Surveys (10 km IP-Mag-VLF)                       15,000
Linecutting (10 km)                                          10,000
Diamond Drilling (1,000 feet @ $50/foot)                     50,000
Drillcore sampling (250 samples @ $20/sample)                 5,000
Geological supervision                                       10,000
Data evaluation and reporting                                 5,000
Contingency                                                   5,000
subtotal                                                    100,000
                                                            -------

Grand Total                                                 120,000
                                                            =======

                                       13
<PAGE>
The above program costs are management's estimates based upon the
recommendations of the professional geologist's report and the actual project
costs may exceed our estimates.

During the quarter ended September 30, 2007 we commenced phase one of the
exploration program on the claims. The 2007 assessment work consisted of the
collection of several rock samples along both new and old road cuts, collection
of rock samples for bench scale I.P testing and assaying to determine possible
indicator or related elements. To date the results from this exploration program
appear to have not identified a commercially viable mineral deposit.

Subject to the availability of the appropriate contractors, in late summer or
early fall of 2008 we plan to continue phase one work with a proposed Induced
Polarization (I.P) test line to test whether or not I.P could be effective in
determining areas of potential higher grade within the large alteration system.
We can provide no assurances that we will be successful in engaging contractors
in a timely period to complete the phase one exploration program.

Following phase one of the exploration program, if it proves successful in
identifying mineral deposits and we are able to raise the necessary funds, of
which there is no guarantee, we intend to proceed with phase two of our
exploration program. The estimated cost of this program is $100,000 and will
take approximately three months to complete.

Subject to financing, we anticipate commencing the second phase of our
exploration program once the results from phase one are received and analyzed.
We will require additional funding to proceed with any subsequent recommended
drilling work on the claim. We cannot provide investors with any assurance that
we will be able to raise sufficient funds to fund any work after the first phase
of the exploration program.

We may decide that we cannot continue with our business operations as detailed
in our original business plan because phase one of the exploration program does
not prove successful in identifying mineral deposits or a lack of financial
resources. We may look for other potential business opportunities that might be
available to the Company. There can be no certainties that there will be any
other business opportunities available; nor the nature of the business
opportunity; nor any indication of the financial resources required of any
possible business opportunity.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

We carried out an evaluation, under the supervision and with the participation
of our management, including the chief executive officer and the chief financial
officer, 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 Exchange Act of 1934, as amended (the "Exchange Act"). Based upon
that evaluation, our chief executive officer and chief financial officer
concluded that the company's disclosure controls and procedures are effective,

                                       14
<PAGE>
as of June 30, 2008, in ensuring that material information relating to us
required to be disclosed by us in reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the SEC rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by an issuer in reports it files or submits
under the Securities Exchange Act is accumulated and communicated to management,
including its principal executive officer or officers and principal financial
officer or officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING.

There was no change in our internal control over financial reporting identified
in connection with the evaluation required by Rule 13a-15(d) and 15d-15(d) of
the Exchange Act that occurred during the period covered by this report that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

                                       15
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS.

<TABLE>
<CAPTION>
Exhibit               Description                                             Method of Filing
-------               -----------                                             ----------------
<S>         <C>                                                 <C>
  3.1        Articles of Incorporation                          Incorporated by reference to Exhibit 3.1 to
                                                                the Company's Registration Statement on Form
                                                                SB-2 filed with the SEC on February 5, 2007.

  3.2        Bylaws                                             Incorporated by reference to Exhibit 3.1 to
                                                                the Company's Registration Statement on Form
                                                                SB-2 filed with the SEC on February 5, 2007.

  31.1       Certification of Chief Executive                   Filed electronically
             Officer pursuant to Section 302
             of the Sarbanes-Oxley Act of 2002.

  31.2       Certification of Chief Financial                   Filed electronically
             Officer pursuant to Section 302
             of the Sarbanes-Oxley Act of 2002.

  32.1       Certification of Chief Executive                   Filed electronically
             Officer pursuant to 18 U.S.C. Section 1350,
             as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002.

  32.2       Certification of Chief Financial                   Filed electronically
             Officer pursuant to 18 U.S.C. Section 1350,
             as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002.
</TABLE>

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, on August 6, 2008.

                                       Sawadee Ventures, Inc., Registrant


                                       By: /s/ Douglas E. Ford
                                           -------------------------------------
                                           Douglas E. Ford, Director, President,
                                           Principal Executive Officer,
                                           Principal Financial Officer and
                                           Principal Accounting Officer

                                       16