FORM 13-502F1
CLASS 1 REPORTING ISSUERS – PARTICIPATION FEE
Reporting Issuer Name:GRANDVIEW GOLD INC.
Fiscal year end date used to calculate capitalization:May 31, 2008
Market value of listed or quoted securities: | ||||
Total number of securities of a class or series outstanding as at | ||||
the issuer's most recent fiscal year end | 36,288,765 (i) | |||
Simple average of the closing price of that class or series as of | ||||
the last trading day of each month of the fiscal year | ||||
(See clauses 2.11(a)(ii)(A) and (B) of the Rule) | $0.50 (ii) | |||
Market value of class or series | (i) X (ii) = | 18,144,382 (A) | ||
(Repeat the above calculation for each class or series of | ||||
securities of the reporting issuer that was listed or quoted on a | ||||
marketplace in Canada or the United States of America at the | ||||
end of the fiscal year) | - (B) | |||
Market value of other securities: | ||||
(See paragraph 2.11(b) of the Rule) (Provide details of how | ||||
value was determined) | - (C) | |||
(Repeat for each class or series of securities) | - (D) | |||
Capitalization | ||||
(Add market value of all classes and series of securities) | (A)+ (B)+(C)+(D) = | 18,144,382 | ||
Participation Fee | ||||
(From Appendix A of the Rule, select the participation fee | ||||
beside the capitalization calculated above) | $600.00 | |||
New reporting issuer's reduced participation fee, if applicable | ||||
(See section 2.6 of the Rule) | ||||
Participation fee X Number of entire months remaining | ||||
in the issuer's fiscal year = | ||||
Late Fee, if applicable | ||||
(As determined under section 2.5 of the Rule) |