ONTARIO SECURITIES COMMISSION ("OSC-T") GOLDNEV RESOURCES INC ("GNZ-V") - OSC Re Goldnev Resources Inc. IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE "ACT")

AND

IN THE MATTER OF GOLDNEV RESOURCES INC.

NOTICE OF TEMPORARY ORDER AND HEARING (Subsection 127(9))

WHEREAS the Director made an order under paragraph 2 and paragraph 2.1 of subsection 127(1) and subsection 127(5) of the Act on the 2nd day of October, 2008 (the Temporary Order), a copy of which is attached, that all trading in and all acquisitions of the securities of GOLDNEV RESOURCES INC. (the "Reporting Issuer") whether direct or indirect, cease for a period of fifteen days from the date of the Temporary Order;

AND WHEREAS the Temporary Order was made because the Reporting Issuer failed to file the following continuous disclosure materials as required by Ontario securities law (collectively, the Default):

a) audited annual financial statements for the year ended March 31, 2008;

b) interim financial statements for the three-month period ended June 30, 2008;

AND WHEREAS the Temporary Order was made because the Director was of the opinion that the length of time required to conclude a hearing could be prejudicial to the public interest;

AND WHEREAS the Director may revoke the Temporary Order within the fifteen-day period if the Reporting Issuer remedies the Default to the satisfaction of the Director;

AND WHEREAS a true copy of this Notice of Temporary Order and Hearing was served this day to the Reporting Issuer at the address noted below;

TAKE NOTICE that, if the Default continues, a hearing will be held pursuant to section 127 of the Act (the Hearing) to consider whether an order should be made under paragraph 2 and paragraph 2.1 of subsection 127(1) of the Act that all trading in and all acquisitions of securities of the Reporting Issuer, whether direct or indirect, cease permanently or for such period as is specified in the order by reason of the continued Default;

AND FURTHER TAKE NOTICE that if the Reporting Issuer intends to attend at the Hearing, the Reporting Issuer is requested to notify the Director of the Reporting Issuers intention to attend in writing, within seven days from the date of service of this Notice;

AND FURTHER TAKE NOTICE that if the Reporting Issuer notifies the Director that the Reporting Issuer intends to attend at the Hearing, the Hearing will be held before the Commission pursuant to section 127 of the Act at 20 Queen Street West, 17th Floor, Toronto, Ontario at a date and time to be determined within 15 days of the date of the Temporary Order;

AND FURTHER TAKE NOTICE that any party to a proceeding before the Commission may be represented by counsel at the Hearing;

AND FURTHER TAKE NOTICE that if a Reporting Issuer notifies the Director that it intends to be present at the Hearing and fails to attend the Hearing before the Commission, the Hearing may proceed without that party and such party will not receive further notice of the proceedings;

AND FURTHER TAKE NOTICE that if the Reporting Issuer fails to notify the Director that it intends to be present at the Hearing, then the Hearing will proceed before the Director without the Reporting Issuer pursuant to section 127 of the Act at 20 Queen Street West, 16th Floor commencing on 14th day of October, 2008 at 10:00 a.m., or as soon as possible after that time;

AND FURTHER TAKE NOTICE that the Director may extend the Temporary Order under subsection 127(7) of the Act until the Hearing is concluded or under 127(8) of the Act if satisfactory information is not provided to the Director within the fifteen day period.

DATED at Toronto this 2nd day of October, 2008.

Ontario Securities Commission

Lisa Enright Lisa Enright Manager, Corporate Finance Branch

TO: The Secretary Golnev Resources Inc. Suite 485, 708-11th Ave. S.W Calgary, Alberta T2R 0E4 CC: Pacific Corporate Trust Company

Documentary evidence to be used at the hearing may be examined at the Commission's Offices, 16th Floor, 20 Queen Street West, Toronto, Ontario M5H 3S8 prior to the date of the hearing by appointment with Sheryl Antonio. Contact information is as follows:

Sheryl Antonio Financial Examiner Tel: (416) 595-8941 Fax: (416) 593-8252 Email: santonio@osc.gov.on.ca

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE "ACT")

AND

IN THE MATTER OF GOLDNEV RESOURCES INC.

T E M P O R A R Y O R D E R (Paragraphs 127(1)2 and 2.1 and subsection 127(5))

WHEREAS Goldnev Resources Inc. (the "Reporting Issuer") is a reporting issuer in Ontario;

AND WHEREAS the Reporting Issuer failed to file the following continuous disclosure materials as required by Ontario securities law:

a) audited annual financial statements for the year ended March 31, 2008;

b) interim financial statements for the three-month period ended June 30, 2008;

AND WHEREAS the Director is of the opinion that it is in the public interest to make an order that trading in and acquisitions of the securities of the Reporting Issuer cease;

AND WHEREAS the Director is of the opinion that the length of time required to conclude a hearing could be prejudicial to the public interest;

IT IS ORDERED pursuant to paragraph 2 and paragraph 2.1 of subsection 127(1) and subsection 127(5) of the Act that, effective immediately, all trading in and all acquisitions of the securities of the Reporting Issuer, whether direct or indirect, shall cease for a period of 15 days from the date of this order.

DATED at Toronto this 2nd day of October, 2008.

Ontario Securities Commission

Lisa Enright Lisa Enright Manager, Corporate Finance Branch ______________________________________ ____________________________________...

Capitalization Report for Goldnev Resources Inc Shares Issued: 98386109 Shares Escrow: 0

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