FORM 51-102F3
MATERIAL CHANGE REPORT
| Item 1. | Reporting Issuer |
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| | GRANDVIEW GOLD INC. (the “Issuer”) |
| | Suite 820 - 330 Bay Street, Toronto, ON M5H 2S8, CANADA |
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| Item 2. | Date of Material Change |
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| | January 4, 2008 |
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| Item 3. | News Release |
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| The Issuer issued a press release via a Canadian news wire. A copy of which has been filed on SEDAR. |
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| Item 4. | Summary of Material Change |
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| Toronto, Ontario, January 4, 2008 - Grandview Gold Inc. ("Grandview") (TSX Symbol:GVX, OTC-BB Symbol: GVGDF)is pleased to announce that it has closed a non-brokered private placement (the "Non-Brokered Placement"). The Non-Brokered Placement resulted in the issuance by Grandview of a total of 538,000 flow-through shares (the “Flow-ThroughShares”) at a purchase price of $0.65 (CAD) per Flow-Through Share for gross proceeds of $349,700 under the Non-Brokered Placement. |
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| The proceeds from this financing will be used to supplement Grandview's Canadian exploration program, namely the 2008 drilling program on its Red Lake projects in Ontario and Rice Lake projects in Manitoba. |
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| Item 5. | Full Description of Material Change |
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| Toronto, Ontario, January 4, 2008 - Grandview Gold Inc. ("Grandview") (TSX Symbol:GVX, OTC-BB Symbol: GVGDF)is pleased to announce that it has closed a non-brokered private placement (the "Non-Brokered Placement"). The Non-Brokered Placement resulted in the issuance by Grandview of a total of 538,000 flow-through shares (the “Flow-ThroughShares”) at a purchase price of $0.65 (CAD) per Flow-Through Share for gross proceeds of $349,700 under the Non-Brokered Placement. |
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| The proceeds from this financing will be used to supplement Grandview's Canadian exploration program, namely the 2008 drilling program on its Red Lake projects in Ontario and Rice Lake projects in Manitoba. |
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| Item 6. | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
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| | N/A |
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| Item 7. | Omitted Information |
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| | N/A |
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| Grandview Gold Inc. | |
| Item 8. | Senior Officers |
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| The following senior officer of the Issuer is knowledgeable about the material change and may be contacted by the Commission at the following telephone number: |
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| | Paul Sarjeant |
| | Phone: (416) 486-3444 |
The foregoing accurately discloses the material change referred to herein.
Dated at Toronto, Ontario this 7th day of January 2008.
Grandview Gold Inc.
"Paul Sarjeant"
Paul Sarjeant,
President and Chief Executive Officer
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| Grandview Gold Inc. | |
