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 January 31, 2008

                        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 January 31, 2008.

MADRONA VENTURES INC. (An Exploration Stage Company) BALANCE SHEETS (Unaudited) - -------------------------------------------------------------------------------- January 31, July 31, 2008 2007 - $ - - $ - ------- ------- ASSETS Current assets Cash 349 270 ======= ======= LIABILITIES Current liabilities Accounts payable and accrued liabilities 2,000 7,500 Due to related parties 12,600 3,000 ------- ------- 14,600 10,500 STOCKHOLDERS' DEFICIT 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 (69,751) (65,730) ------- ------- (14,251) (10,230) ------- ------- 349 270 ======= ======= - See Accompanying Note to the Financial Statements - 2

MADRONA VENTURES INC. (An Exploration Stage Company) Statements of Operations (Unaudited) - -------------------------------------------------------------------------------- Cumulative from Three months Three months Six months Six months June 21, 2005 ended ended ended ended (Inception) to January 31, January 31, January 31, January 31, January 31, 2008 2007 2008 2007 2008 - $ - - $ - - $ - - $ - - $ - --------- --------- --------- --------- --------- EXPENSES General and administrative 3,326 609 4,021 8,972 30,736 Mineral interests -- -- -- -- 39,015 --------- --------- --------- --------- --------- NET LOSS 3,326 609 4,021 8,972 69,751 ========= ========= ========= ========= ========= BASIC AND DILUTED NET LOSS PER SHARE (0.00) (0.00) (0.00) (0.00) ========= ========= ========= ========= WEIGHTED AVEAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED 6,525,000 6,525,000 6,525,000 6,525,000 ========= ========= ========= ========= - See Accompanying Note to the Financial Statements - 3

MADRONA VENTURES INC. (An Exploration Stage Company) Statements of Cash Flows (Unaudited) - -------------------------------------------------------------------------------- Cumulative from Six months Six months June 21, 2005 ended ended (Inception) to January 31, January 31, January 31, 2008 2007 2008 - $ - - $ - - $ - ------- ------- ------- CASH FLOWS FROM OPERATING ACTIVITIES Net loss (4,021) (8,972) (69,751) Changes in non-cash working capital items: Accounts payable and accrued liabilities (5,500) (7,447) 2,000 Due to related party 9,600 -- 12,600 ------- ------- ------- Net cash used in operations 79 (16,419) (55,151) ------- ------- ------- CASH FLOWS FROM FINANCING ACTIVITIES Shares issued for cash -- -- 55,500 ------- ------- ------- Net cash provided by financing activities -- -- 55,500 ------- ------- ------- NET INCREASE (DECREASE) IN CASH 79 (16,419) 349 CASH, BEGINNING 270 30,822 -- ------- ------- ------- CASH, ENDING 349 14,403 349 ======= ======= ======= SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for: - Interest -- -- -- - Income taxes -- -- -- ======= ======= ======= - See Accompanying Note to the Financial Statements- 4

MADRONA VENTURES INC. (An Exploration Stage Company) Note to the Financial Statements January 31, 2008 (Unaudited) - -------------------------------------------------------------------------------- 1. BASIS OF PRESENTATION UNAUDITED INTERIM FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principals for interim financial information and with the instructions to Form 10-QSB of Regulation S-B. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended July 31, 2007 included in the Company's Report on Form 10-KSB filed with the Securities and Exchange Commission. The interim unaudited financial statements should be read in conjunction with those financial statements included in the 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 six months ended January 31, 2008 are not necessarily indicative of the results that may be expected for the year ending July 31, 2008. 5

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 January 31, 2008. We incurred operating expenses in the amount of $3,326 and $609 for the three-month periods ended January 31, 2008 and 2007. The operating expenses were comprised primarily of general and administrative expenses. Our net loss for the three-month period ended January 31, 2008 increased $2,717 from the comparative period in fiscal 2007 (2007: $609). At January 31, 2008, we had total assets of $349 consisting entirely of cash. At the same date, our liabilities consisted of accounts payable and accrued liabilities of $14,600. Of that figure $12,600 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 warranted. We anticipate commencing the second phase of our exploration program 6

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 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 8,081 ----- ----- 2 SAMPLING MOON Travel 2 man days 600 Bark sampling Technician 1 days 200 7

Establishing Grid Geologist 1 day/technician 1 day 600 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 6,297 ----- ----- 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 19,756 ------ ------ 34,134 ====== 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

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 10-KSB 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

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. 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

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. March 10, 2008 Madrona Ventures Inc., Registrant By: /s/ Reese Baglole ----------------------------------------- Reese Baglole, President, Chief Executive Officer, Principal Accounting Officer, and Chief Financial Officer 11

                                                                    Exhibit 31.1

              Certification of Chief Executive Officer Pursuant to
                      Section 302 of the Sarbanes-Oxley Act

I, Reese Baglole, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Madrona Ventures
     Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the period presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
     registrant and have:

     a.   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;
     b.   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and
     c.   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent functions):

     a.   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and
     b.   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

IN WITNESS WHEREOF, the undersigned has executed this certification as of the
10th day of March, 2008.


/s/ Reese Baglole
- -----------------------------
Chief Executive Officer
                                                                    Exhibit 31.2

              Certification of Chief Financial Officer Pursuant to
                      Section 302 of the Sarbanes-Oxley Act

I, Reese Baglole, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Madrona Ventures
     Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the period presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
     registrant and have:

     a.   designed such disclosure controls and procedures to ensure that
          material information relating to the registrant, including its
          consolidated subsidiaries, is made known to us by others within those
          entities, particularly during the period in which this quarterly
          report is being prepared;
     b.   evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and
     c.   presented in this quarterly report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent functions):

     a.   all significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and
     b.   any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

IN WITNESS WHEREOF, the undersigned has executed this certification as of the
10th day of March, 2008.


/s/ Reese Baglole
- ----------------------------
Chief Financial Officer
                                                                    Exhibit 32.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Madrona Ventures Inc. (the "Company")
on Form 10-QSB for the period ending January 31, 2008 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Reese
Baglole, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C.
ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the financial condition and result of operations of
          the Company.

IN WITNESS WHEREOF, the undersigned has executed this certification as of the
10th day of March, 2008.


/s/ Reese Baglole
- -----------------------------
Chief Executive Officer
                                                                    Exhibit 32.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Madrona Ventures Inc. (the "Company")
on Form 10-QSB for the period ending January 31, 2008 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Reese
Baglole, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C.
ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the financial condition and result of operations of
          the Company.

IN WITNESS WHEREOF, the undersigned has executed this certification as of the
10th day of March, 2008.


/s/ Reese Baglole
- -----------------------------
Chief Financial Officer