GBS Gold International Inc.

GBS-T

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Signal

Opinion

Expert

BUY

February 15, 2007

Gold operations in Australia. Low grade, so it is highly leveraged to the gold price. They are coming into production and he thinks they will surprise on the upside.

GBS Gold International Inc. (GBS-T)

February 15, 2007

Gold operations in Australia. Low grade, so it is highly leveraged to the gold price. They are coming into production and he thinks they will surprise on the upside.

Bill Belovay

Deceased June/09., Jones Heward Investment Counsel

$3.210

Yes

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GBS Gold International Inc.

Analysis and Opinions about GBS-T