Exhibit 23.1

                            RONALD R. CHADWICK, P.C.
                           Certified Public Accountant
                        2851 South Parker Road, Suite 720
                             Aurora, Colorado 80014
                             Telephone (303)306-1967
                                Fax (303)306-1944

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Arete Industries, Inc.
Westminster, Colorado

I have audited the accompanying consolidated balance sheets of Arete Industries,
Inc. and Subsidiaries (a development stage entity) as of December 31, 2005 and
2004, and the related consolidated statements of operations, stockholders'
deficit, and cash flows for the years then ended and for the period from
inception of the development stage (August 1, 2003) through December 31, 2005.
These financial statements are the responsibility of the Company's management.
My responsibility is to express an opinion on these financial statements based
on my audit.

I conducted my audit in accordance with the audit standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
I plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. I believe that my audit
provides a reasonable basis for my opinion.

In my opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of Arete
Industries, Inc. and Subsidiaries at December 31, 2005 and 2004, and the
consolidated results of their operations and their cash flows for the years then
ended and for the period from inception of the development stage (August 1,
2003) through December 31, 2005 in conformity with accounting principles
generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company has suffered recurring losses from operations,
has a working capital deficit and a stockholders' deficit, and is delinquent on
the payment of creditor liabilities including payroll taxes. These conditions
raise substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are also described in Note 1. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.



May 5, 2006

/s/ Ronald R. Chadwick, P.C.
----------------------------
Aurora, Colorado
RONALD R. CHADWICK, P.C.