Mr. Edward Merchand reports

GOD'S LAKE RESOURCES INC. ANNOUNCES PROPOSED CHANGE OF BUSINESS

God's Lake Resources Inc. intends to proceed with a change of business, as such term is defined in Policy 8 of the policies of the Canadian Securities Exchange, from an exploration-stage mining company to an investment company.

Pursuant to Policy 8, the proposed change of business will be subject to the approval of the shareholders of the corporation, which approval will be sought at a special meeting of shareholders of the corporation to be held on a future date. Further details regarding the proposed change of business will be included in the information circular to be delivered to shareholders in connection with the special meeting.

The corporation has requested a trading halt pursuant to Section 1.5 of Policy 8. The trading halt is expected to continue until the documentation required under sections 1.6 and 1.7 of Policy 8 has been accepted and posted.

We seek Safe Harbor.