1399761--4/15/2008--Belvedere_Resources

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Risks associated with our company: Because our auditors have issued a going concern opinion, there is substantial uncertainty we will continue operations in which case you could lose your investment. Our plan of operation is limited to finding an ore body. As such we have no plans for revenue generation. Accordingly, you should not expect any revenues from operations. Because the probability of an individual prospect ever having reserves is extremely remote any funds spent on exploration will probably be lost. We lack an operating history and have losses which we expect to continue into the future. As a result, we may have to suspend or cease operations. Because our management does not have technical training or experience in exploring for, starting, and operating an exploration program, we will have to hire qualified personnel. If we can not locate qualified personnel, we may have to suspend or cease operations which will result in the loss of your investment. Because title to the property is held in the name of our president, if he transfers the property to someone other than us, we will cease operations Because we are small and do not have much capital, we may have to limit our exploration activity which may result in a loss of your investment. Weather interruptions in the province of British Columbia may affect and delay our proposed exploration operations and as a result, there may be delays in generating revenues. Because Mr. Englmann has other outside business activities, he will only be devoting 10% of his time, or four hours per week, to ours to our operations. As a result, our operations may be sporadic which may result in periodic interruptions or suspensions of exploration If our sole officer and director resigns or dies without having found a replacement, our operations will be suspended or cease. If that should occur, you could lose your investment. Because our sole officer and director owns more than 50% of our outstanding shares, he will decide who will be directors and the direction of our company, and you will not be able to elect any directors or control operations Because all of our assets and our sole officer and director is located outside the United States of America, it may be difficult for an investor to enforce within the United States any judgments obtained against us or any of our sole officer and director. Because we have only one officer and director who is responsible for our managerial and organizational structure, in the future, there may not be effective disclosure and accounting controls to comply with applicable laws and regulations which could result in fines, penalties and assessments against us. Because we may issue additional shares of common stock, your investment could be subject to substantial dilution. Because there is no public trading market for our common stock, you may not be able to resell your stock and as a result your investment is illiquid Because our securities are subject to penny stock rules, you may have difficulty reselling your shares 17. Our success depends on our ability to raise additional capital. 18. Our operations are subject to the inherent risk associated with mineral exploration activities. 19. Our property is in the exploration stage and is highly speculative in nature, which means there can be no assurance that our programs will result in the discovery of any economically feasible mineral deposit. At present, our property does not have a known body of ore and all our proposed exploration programs are an exploratory search for ore

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1399761--4/15/2008--Belvedere_Resources_CORP