UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549



FORM 10-Q



|x | QUARTERLY REPORT PURSUANT TO
  SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------------



For the quarterly period ended
March 31, 2010



OR



|o | TRANSITION REPORT PURSUANT TO
  SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | -------------------------------------------------------------------------------------------



Commission File Number: 333-155507



GRANT HARTFORD CORPORATION

(Exact
name of registrant as specified in its charter)



|Montana                                  |  | 20-8690366         
|---------------------------------------- |  | -------------------
|(State or other jurisdiction of          |  | (I.R.S. Employer   
|incorporation or organization)           |  | Identification No.)
|                                         |  |                    
|2620 Connery Way                         |  |                    
|Missoula,
  Montana                      |  | 59808              
|(Address of principal executive offices) |  | (Zip Code)         



Registrants
telephone number, including area code(303) 506-6822



Indicate
by check mark whether the registrant:  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes x     No
o





Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding
12 months (or for such shorter period that the registrant was required to submit
and post such files).  Yes o     No o




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition
of "accelerated filer and large accelerated filer" in Rule 12b-2 of the
Exchange Act. (Check one):


Large
accelerated filer   o                               Accelerated
filer  o                                                           Non-accelerated
filer  o                               Smaller
reporting company   x




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes o     No x




As of March 31, 2010, the registrant had
outstanding 25,541,219 shares of common
stock, no par value per share.


---





GRANT HARTFORD CORPORATIONFORM 10-Q

For the quarterly period ended March 31, 2010

TABLE OF CONTENTS



| |  | Page
| |  | ----

PART I - FINANCIAL INFORMATION

|ITEM 1.  | Financial Statements   (F-1 through F-10)                                                        | 1
|-------- | ------------------------------------------------------------------------------------------------ | -
|ITEM 2.  | Management's Discussion and Analysis of
           Financial Condition and Results of Operations | 2
|ITEM 3.  | Quantitative and Qualitative Disclosure About
           Market Risk                             | 8
|ITEM 4T. | Controls and Procedures                                                                          | 8

PART II - Other Information

|ITEM 1.  | Legal Proceedings                                           | 8 
|-------- | ----------------------------------------------------------- | --
|ITEM 1A. | Risk Factors                                                | 9 
|ITEM 2.  | Unregistered Sales of Equity Securities and Use of Proceeds | 21
|ITEM 3.  | Defaults upon Senior Securities                             | 22
|ITEM 4.  | Removed                                                     | 22
|ITEM 5.  | Other Information                                           | 22
|ITEM 6.  | Exhibits                                                    | 23

| | Signatures | 23
| | ---------- | --

ii

---





ITEM 1.     Financial Statements

GRANT HARTFORD CORPORATION (A Development Stage
Company)FINANCIAL STATEMENTSMarch 31, 2010(Unaudited)



REVIEWED FINANCIAL STATEMENTS

Index to Financial Statements

|                                                                                                                                                                         | PAGE #     
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -----------
|Condensed Balance Sheets as of March 31, 2010 (Unaudited) and December 31, 2009                                                                                          | F-1        
|                                                                                                                                                                         |            
|Condensed Statements of Operations for the Three Months ended March 31, 2010 and
2009 (Unaudited),      and Since Inception March 15, 2007 to March 31, 2010 (Unaudited) | F-2        
|                                                                                                                                                                         |            
|Condensed Statements of Stockholders' Equity (Deficit) from the Date of Inception
(March 15, 2007)      through March 31, 2010 (Unaudited)                               | F-3        
|                                                                                                                                                                         |            
|Condensed Statements of Cash Flows for the Three Months ended March 31, 2010
and 2009 (Unaudited),      and Since Inception March 15, 2007 to March 31, 2010             | F-4 to F-5 
|                                                                                                                                                                         |            
|Notes to Financial Statements                                                                                                                                            | F-6 to F-10







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1

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GRANT HARTFORD CORPORATION (An Exploration Stage
Company)Condensed BALANCE SHEETSAS OF March 31, 2010 (Unaudited) and DECEMBER 31, 2009

|                                                                                                                                          | March 31,2010                | December 31, 2009           
|----------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------- | ----------------------------
|                                                                                                                                          | (Unaudited)                  |                             
|                                                                                                                                          |                              |                             
|ASSETS                                                                                                                                    |                              |                             
|                                                                                                                                          |                              |                             
|Current Assets                                                                                                                            |                              |                             
|Cash                                                                                                                                      | $      32,272                | $     63,687                
|Prepaid option payment: mineral rights                                                                                                    | 349,806                      | 294,606                     
|Prepaid expenses &and deposits                                                                                                            | 132,607                      | 95,013                      
|Total
      Current Assets                                                                                                                | 514,685                      | 453,306                     
|Non-current Assets                                                                                                                        |                              |                             
|Buildings, improvements and equipment, net of accumulated          depreciation of $42,164 and $13,061, respectively.                     | 238,113                      | 215,335                     
|Mineral rights                                                                                                                            | 2,905,417                    | 2,857,917                   
|Total Non-current Assets

      Total Assets                                                                                              | 3,143,530

      $ 3,658,215 | 3,073,252

      $ 3,526,558
|                                                                                                                                          |                              |                             
|LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                            |                              |                             
|                                                                                                                                          |                              |                             
|Current Liabilities                                                                                                                       |                              |                             
|Accounts payable and accrued expenses                                                                                                     | $ 1,010,563                  | $ 1,149,444                 
|Short-term notes                                                                                                                          | 647,500                      | 3,369,188                   
|Convertible notes payable                                                                                                                 | 230,000                      | 271,500                     
|Due to related
      parties                                                                                                              | 316,642                      | 299,949                     
|Capital lease payable                                                                                                                     | 27,420                       | 26,279                      
|Total Current
      Liabilities                                                                                                           | 2,232,125                    | 5,116,360                   
|                                                                                                                                          |                              |                             
|Long-Term Liabilities                                                                                                                     |                              |                             
|Capital lease payable                                                                                                                     | 2,711                        | 10,618                      
|                                                                                                                                          |                              |                             
|Total
      Liabilities                                                                                                                   | 2,234,836                    | 5,126,978                   
|                                                                                                                                          |                              |                             
|Stockholders' Equity (Deficit)                                                                                                            |                              |                             
|Common Stock: No par
      value; 100,000,000 shares authorized,          25,541,219
	and 21,450,195 issued and outstanding, respectively | 7,087,998                    | 2,999,621                   
|Preferred Stock: $0.0001 par
      value per share, 50,000,000 shares authorized,          zero
      issued and outstanding              | 0                            | 0                           
|Accumulated deficit -
      exploration stage                                                                                             | (5,664,619)                  | (4,600,041)                 
|Total Stockholders' Equity (Deficit)                                                                                                      | 1,423,379                    | (1,600,420)                 
|                                                                                                                                          |                              |                             
|Total Liabilities and
      Stockholders' Equity (Deficit)                                                                                | $ 3,658,215                  | $ 3,526,558                 

The accompanying notes are an integral part of these financial
statements.

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F-1

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GRANT HARTFORD
CORPORATION (An Exploration Stage Company)CONDENSED STATEMENTS OF OPERATIONS (Unaudited)

|                                               |  | Three Months EndedMarch 31, | Since Inception March 15, 2007 to March 31,
|---------------------------------------------- |  | --------------------------- | -------------------------------------------
|                                               |  |                             | 2010                                       
|                                               |  |                             |                                            
|Revenue                                        |  |                             | $          
	      0                       
|                                               |  |                             |                                            
|Expenses                                       |  |                             |                                            
|Financial
      conference fees                |  |                             | 0                                          
|Management
      fees                          |  |                             | 455,522                                    
|General and administrative                     |  |                             | 148,374                                    
|Professional
      fees                        |  |                             | 141,510                                    
|Geological and mining expenses                 |  |                             | 252,066                                    
|Interest Expense                               |  |                             | 52,312                                     
|Surface access lease payments                  |  |                             | 14,794                                     
|                                               |  |                             |                                            
|Net loss                                       |  |                             | $ (1,064,578)                              
|                                               |  |                             |                                            
|Loss Per
Share                                 |  |                             |                                            
|Basic and Diluted                              |  |                             | $       (0.042)                            
|                                               |  |                             |                                            
|Weighted Average Number of shares outstanding: |  |                             |                                            
|                                               |  |                             |                                            
|Basic and Diluted                              |  |                             | 25,541,219                                 



The accompanying notes are an integral part of these financial
statements.

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F-2

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GRANT HARTFORD
CORPORATION (An Exploration Stage Company)CONDENSED STATEMENTS OF STOCKHOLDERS'
EQUITY (DEFICIT)SINCE INCEPTION (MARCH 15, 2007) THROUGH MARCH 31, 2010 (Unaudited)

|                                                         | Common Stock
      Number of Shares Issued | Value                | Accumulated
      Deficit-Exploration Stage | Stockholder
      Equity(Deficit)
|-------------------------------------------------------- | ------------------------------------------ | -------------------- | ------------------------------------------- | ---------------------------------
|                                                         |                                            |                      |                                             |                                  
|Balance: March 15, 2007                                  | 0                                          | $           
	     0 | $           
	     0                        | $           
	     0             
|                                                         |                                            |                      |                                             |                                  
|Common stock issued for cash                             | 1,062,900                                  | 426,450              |                                             | 426,450                          
|Common stock issued for mineral rights                   | 14,000,000                                 | 1,750,000            |                                             | 1,750,000                        
|Common stock issued to founders                          | 1,135,000                                  | 1,135                |                                             | 1,135                            
|Common stock issued in exchange for services             | 16,000                                     | 8,000                |                                             | 8,000                            
|Net loss                                                 | 0                                          | 0                    | (247,857)                                   | (247,857)                        
|                                                         |                                            |                      |                                             |                                  
|Balance: December 31, 2007                               | 16,213,900                                 | 2,185,585            | (247,857)                                   | 1,937,728                        
|                                                         |                                            |                      |                                             |                                  
|Common stock issued for cash                             | 230,670                                    | 184,536              |                                             | 184,536                          
|Common stock issued for mineral rights                   | 5,000,000                                  | 625,000              |                                             | 625,000                          
|Common stock issued in exchange for services             | 5,625                                      | 4,500                |                                             | 4,500                            
|Net loss                                                 | 0                                          | 0                    | (971,066)                                   | (971,066)                        
|                                                         |                                            |                      |                                             |                                  
|Balance: December 31, 2008                               | 21,450,195                                 | 2,999,621            | (1,218,923)                                 | 1,780,698                        
|                                                         |                                            |                      |                                             |                                  
|Net loss                                                 | 0                                          | 0                    | (3,381,118)                                 | (3,381,118)                      
|                                                         |                                            |                      |                                             |                                  
|Balance: December 31, 2009                               | 21,450,195                                 | 2,999,621            | (4,600,041)                                 | (1,600,420)                      
|                                                         |                                            |                      |                                             |                                  
|Common stock issued for cash                             | 522,124                                    | 522,124              |                                             | 522,124                          
|Common stock converted from debt and interest            | 52,938                                     | 50,291               |                                             | 50,291                           
|Common stock issued in payment of debt      and interest | 3,158,862                                  | 3,158,862            |                                             | 3,158,862                        
|Common stock issued in exchange for services             | 357,100                                    | 357,100              |                                             | 357,100                          
|Net loss                                                 | 0                                          | 0                    | (1,064,548)                                 | (1,064,578)                      
|                                                         |                                            |                      |                                             |                                  
|Balance: March 31, 2010                                  | 25,541,219                                 | $  7,087,998         | $ (5,664,619)                               | $  1,423,379                     
|                                                         |                                            |                      |                                             |                                  



The accompanying notes are an integral part of these financial
statements.

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F-3

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GRANT HARTFORD CORPORATION (An Exploration Stage
Company)CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

|                                                                         |  | Three Months Ended March 31, | Since Inception
      March 15, 2007 to March 31
|------------------------------------------------------------------------ |  | ---------------------------- | ------------------------------------------------
|                                                                         |  |                              | 2010                                            
|CASH FLOWS FROM OPERATING
      ACTIVITIES                               |  |                              |                                                 
|                                                                         |  |                              |                                                 
|Net Loss                                                                 |  |                              | $  (1,064,578)                                  
|Adjustments to reconcile net loss to cash
	from    operating activities: |  |                              |                                                 
|Common stock issued in exchange for services                             |  |                              | 257,100                                         
|Common stock issued
      in payment of interest         expense:        |  |                              | 27,449                                          
|Depreciation and
	amortization expense                                   |  |                              | 29,103                                          
|(Increase)/decrease
	in prepaid option payment                           |  |                              | (55,200)                                        
|(Increase)/decrease
	in prepaid expenses and        deposits             |  |                              | (37,594)                                        
|Increase/(decrease)
	in accounts payable and         accrued expenses    |  |                              | 99,135                                          
|Increase/(decrease)
      in due to related parties                      |  |                              | 16,693                                          
|Net cash
	flows from operating activities                                |  |                              | (727,892)                                       
|                                                                         |  |                              |                                                 
|CASH FLOWS FROM INVESTING ACTIVITIES                                    
|                                                                         |  |                              |                                                 
|Purchase of buildings and equipment                                      |  |                              | (51,881)                                        
|Investment in mineral rights                                             |  |                              | (47,500)                                        
|Net cash
	flows from investing activities                                |  |                              | (99,381)                                        
|                                                                         |  |                              |                                                 
|CASH FLOWS FROM
      FINANCING ACTIVITIES                              
|                                                                         |  |                              |                                                 
|Payments on short-term debt                                              |  |                              | 0                                               
|Proceeds from short-term debt                                            |  |                              | 280,500                                         
|Common stock issued                                                      |  |                              | 522,124                                         
|Convertible notes payable                                                |  |                              | 0                                               
|Payments on capital lease                                                |  |                              | (6,766)                                         
|Net cash
	flows from financing activities                                |  |                              | 795,858                                         
|                                                                         |  |                              |                                                 
|Change in cash during the period                                         |  |                              | (31,415)                                        
|Cash, beginning of period                                                |  |                              | 63,687                                          
|                                                                         |  |                              |                                                 
|Cash, end of period                                                      |  |                              | $       32,272                                  
|                                                                         |  |                              |                                                 
|                                                                         |  |                              |                                                 
|SUPPLEMENTAL
      DISCLOSURES                                           |  |                              |                                                 
|                                                                         |  |                              |                                                 
|Interest paid                                                            |  |                              | $         1,747                                 
|                                                                         |  |                              |                                                 
|Income taxes paid                                                        |  |                              | $                0                              

The accompanying notes are an integral part of these financial
statements.

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F-4

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GRANT HARTFORD CORPORATION (An Exploration Stage
Company)CONDENSED STATEMENTS OF CASH FLOWS (Continued)

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

During 2009, the Company entered into a capital lease with Maptek for the use of three-dimensional (3D) mining
software. The lease is for twenty-four (24) months and includes a maintenance agreement. The Company capitalized
the software for $44,000, recorded a prepaid asset for the maintenance agreement for $11,550, and recorded a capital
lease payable for $55,550.

On January 22, 2010, the Company offered a Private Placement Memorandum more fully described in
Note 6.  As of March 31, 2010, the Company offered and successfully satisfied $3,158,862 worth of short-term notes
and accrued interest through the purchase of 3,158,862 units.

Pursuant to the Convertible Note transaction more fully described in Note 6, convertible notes and
related interest payable totaling $50,291 have been converted for 52,938 shares of the Company's no par value common
stock as of March 31, 2010.

During 2010, the Company issued 357,100 shares of the Company's no par value common stock totaling
$357,100 in payment of services.  Of this amount, $100,000 was in payment of services accrued as of December 31, 2009
and $257,100 was in payment of current services included in management fees shown on the condensed statements of operations.





The accompanying notes are an integral part of these financial
statements.

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F-5

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GRANT HARTFORD CORPORATION (An Exploration Stage Company)NOTES TO FINANCIAL
STATEMENTSMARCH 31, 2010



1.     BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements include all adjustments of a normal
and recurring nature which, in the opinion of the Company's management, are necessary to present fairly the Company's
financial position as of March 31, 2010 and December 31, 2009, the results of its operations and cash flows for
the three months ended March 31, 2010 and 2009 and for the period since inception (March 15, 2007) through March 31, 2010.

Certain information and footnote disclosures normally included in financial statements prepared
in accordance with generally accepted accounting principles have been omitted pursuant to the rules and regulations
of the Securities and Exchange Commission. These condensed financial statements should be read in conjunction with
the financial statements and related notes contained in the Company's Annual Report on Form 10-K to the Securities and Exchange
Commission for the year ended December 31, 2009.

The results of operations and cash flows for the three months ended March 31, 2010 are not
necessarily indicative of the results to be expected for the full year's operation.

2.     SIGNIFICANT ACCOUNTING
POLICIES

Mineral Property Exploration: The Company expenses the costs incurred to conduct exploration, assay work, drill
and equip exploratory sites within the claims groups that are not determined to have proven reserves. A reserve is that
part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve
determination. Proven (Measured) Reserves are those for which (a) quantity is computed from dimensions revealed in
outcrops, trenches, workings or drill holes; grade and/or quality are computed from the results of detailed sampling and
(b) the sites for inspection, sampling and measurement are spaced so closely and the geologic character is so well
defined that size, shape, depth and mineral content of reserves are well-established. Probable (Indicated) Reserves are
those for which quantity and grade and/or quality are computed form information similar to that used for proven
(measure) reserves, but the sites for inspection, sampling, and measurement are farther apart or are otherwise less
adequately spaced. The degree of assurance, although lower than that for proven (measured) reserves, is high enough
to assume continuity between points of observation. Geological and geophysical costs and costs of carrying and
retaining unproved sites are expensed.

The Company is in the "Exploration Stage" and is engaged in the exploration of the Garnet mineral
property in order to identify the presence of proven/probable reserves. The Company has not begun exploitation of
these deposits. As a result, no amounts have been capitalized related to mineral property exploration as of March
31, 2010 and December 31, 2009.

Accumulated mineral property costs are amortized using the units-of production ("UOP") method based
on estimated recoverable ounces or pounds in proven and probable reserves.

Long-lived Assets:The Company periodically assesses the carrying value of long-lived assets
in accordance with FASB ASC 360-10 (SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets"). The
Company evaluates the recoverability of long-lived assets not held for sale by measuring the carrying amount of the
assets against the estimated undiscounted future cash flows associated with them. If such evaluations indicate that the
future discounted cash flows of certain long-lived assets are not sufficient to recover the carrying value of such assets,
the assets are adjusted to their fair values.

Mining assets, including mineral rights and mine development, are also periodically assessed for
impairment in accordance with FASB ASC 360-10 and FASB ASC 930-360-35 (EITF 04-3, "Mining Assets: Impairment and
Business Combinations").

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F-6

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GRANT HARTFORD CORPORATION (An Exploration Stage Company)NOTES TO FINANCIAL
STATEMENTSMARCH 31, 2010



2.     SIGNIFICANT ACCOUNTING
POLICIES (Continued)

There was no loss on impairment for the periods ended March 31, 2010 and 2009.

3. BUILDINGS, IMPROVEMENTS AND EQUIPMENT

Buildings, improvements and equipment consists of the following:

|                                                                                                   | March 31,2010 | December 31, 2009
|-------------------------------------------------------------------------------------------------- | ------------- | -----------------
|                                                                                                   |               |                  
|Construction in progress                                                                           | $  163,390    | $  149,304       
|Buildings and improvements, net of accumulated
	depreciation         of $212 and $7, respectively. | 7,765         | 6,750            
|Equipment, net of net of accumulated depreciation
	        of $41,952 and $13,054, respectively.   | 66,958        | 59,281           
|                                                                                                   |               |                  
|Total                                                                                              | $  238,113    | $  215,335       

4. MINERAL RIGHTS

|                                                        | Balance     | Impairment Recognized | Net
      Book Value
|------------------------------------------------------- | ----------- | --------------------- | --------------------
|                                                        |             |                       |                     
|Garnet, Montana     stock issued 06/15/2007             | $ 2,375,000 | $            0        | $ 2,375,000         
|Garnet, Montana     option agreement through 12/31/2007 | 102,917     | 0                     | 102,917             
|Garnet, Montana     option payment for 2008             | 190,000     | 0                     | 190,000             
|Garnet, Montana     option payment for 2009             | 190,000     | 0                     | 190,000             
|Garnet, Montana     expenditures to 3/31/2010           | 47,500      | 0                     | 47,500              
|                                                        |             |                       |                     
|TOTAL                                                   |             |                       | $ 2,905,417         

The Company makes annual payments of $190,000 pursuant to its option agreement with Commonwealth Resources,
LLC, a related party. The President and CEO, CFO and Director of the Company, Eric Sauve, and the Company's Senior Consultant and NEO,
Aaron Charlton, are also owners in Commonwealth Resources, LLC. Additions for the period ended March 31, 2010
represent the quarterly allocation of the option payment. The Company has prepaid $349,806 and $294,606 in option
payments as of March 31, 2010 and December 31, 2009, respectively.

On March 6, 2010, the Company approved and signed a letter of intent with Commonwealth Resources,
LLC to purchase additional unpatented mining claims in exchange for shares of the Company's common stock.  The Company
is in negotiations to determine the total claims to be purchased and the number of shares to be issued in consideration.
A final agreement has not been reached and the letter of intent is not binding, as such, the transaction has not been
recorded in the financial statements.

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F-7

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GRANT HARTFORD CORPORATION (An Exploration Stage Company)NOTES TO FINANCIAL
STATEMENTSMARCH 31, 2010

5.  NOTES PAYABLE

Accrued interest on the notes totaled $79,151 and $193,788 for the period ended March 31, 2010
and for the year ended December 31, 2009, respectively. These amounts are included in accounts payable and accrued
expenses on the balance sheet. The Company settled $138,016 of accrued interest for 138,402 shares of common stock
as of March 31, 2010. The Company also settled $27,449 of current interest expense for 27,472 shares of common
stock as of March 31, 2010.

Pursuant to the PPM transaction more fully described in Note 6, as of March 31, 2010, short-term
notes and accrued interest of $3,002,188 was satisfied through the issuance of 3,002,188 shares of the Company's
no par value common stock.

Pursuant to the Convertible Note transaction more fully described in Note 6, as of March 31, 2010,
notes equaling $41,500 have been converted for 43,738 shares of the Company's no par value common stock.

6. EQUITY

On January 22, 2010, pursuant to a Private Placement Memorandum (PPM), relying on an exemption
provided by Section 4(2) and Rule 506 of Regulation D, promulgated under the Securities Act of 1933, as amended,
we began offering on a best efforts basis, an aggregate of 5,000,000 units, each consisting of One (1) "unregistered
and restricted" share of GHC's no par value common stock (the "Shares") and One (1) warrant to purchase an additional
"unregistered and restricted" share of GHC's no par value common stock at an exercise price of One Dollar and Fifty
Cents ($1.50) per share, exercisable for two (2) years following the unit purchase (the "Warrants").  Collectively
the Shares and Warrants are hereinafter referred to as the "Units" that are being offered at a purchase price of One
Dollar ($1.00) per Unit (the "Offering").  The Offering has been extended until the earlier to occur of (a) the sale
of $5,000,000 in the aggregate principal amount of the Units or (b) July 21, 2010 or (c) the Company determines to
close the Offering prior to the expiration of the Offering Period.  The Company issued 522,124 units for $522,124 in
cash as of March 31, 2010.

Between July 22, 2008 and November 6, 2008, the Company entered into eight (8) Non-Transferable
Convertible Notes (the "Notes") in the aggregate sum of $271,500.  The Notes were entered into pursuant to exempt
transactions provided by Section 4(2) of the Securities Act of 1933, as amended.  During the three month period
ending March 31, 2010, the Company offered the Note holders the option of converting the Notes for one share of
the Company's no par value common stock at a purchase price of 95% of the PPM's Unit price dated January 22, 2010,
rather than the initial share price quoted on the first day listed on the Over-The-Counter-Bulletin-Board or on the
closing date that the election is made.  The Notes also had an incentive bonus of 2.5% of the principal amount for
in the Company's no par value common stock.  As of March 31, 2010, convertible notes and related interest payable
totaling $50,291 have been converted for 52,938 shares of the Company's no par value common stock.

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F-8

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GRANT HARTFORD CORPORATION (An Exploration Stage Company)NOTES TO FINANCIAL
STATEMENTSMARCH 31, 2010

Warrants

Warrant transactions are
summarized as follows for the period ended:

|                                       | March 31, 2010 |                     
|-------------------------------------- | -------------- | --------------------
|                                       | Number         | Exercise
      Price
|Outstanding, beginning of
      period | 1,030,195      | $1.50-$2.00         
|Granted                                | 3,680,986      | 1.50                
|Exercised                              | 0              | 0.00                
|Expired                                | 0              | 0.00                
|                                       |                |                     
|Outstanding, end of
    period         | 4,711,181      |                     

Pursuant to the PPM transaction described above, the Company issued one (1) warrant with each
common share issued under a private placement between January 22, 2010 and March 31, 2010. Each warrant is exercisable
at $1.50 into one common share of the Company and expire two years from the date of issuance.

The Company issued warrants with each common share issued under a private placement between
April 1, 2008 and May 31, 2008. Each warrant is exercisable at $2.00 into one common share of the Company until May
31, 2010.

Previously issued warrants are exercisable at $1.50 into one common share of the Company and
expire between April and October 2010.

These shares were excluded from diluted earnings per share as their effect would be anti-dilutive.

7. RELATED PARTY TRANSACTIONS

At March 31, 2010, a total of $316,642 (December 2009 - $299,949) is payable to directors
and management for services. These outstanding amounts payable are unsecured and non-interest bearing with no
fixed terms of repayment.

The Company pays for services from Garnet Range Resources, LLC, a related party. These services
consist of road maintenance, equipment rental, earth moving services, labor, and other services as needed. For
the three months ended March 31, 2010, the Company had been billed $3,450 for services (December 2009 - $229,564).
As of March 31, 2010, the Company had also prepaid for services of $71,725 (December 2009 - $31,826). The Company's
President and CEO is an owner of Garnet Range Resources, LLC.

The company also leases a vehicle from Garnet Range Resources, LLC. The lease is for a period of
two years starting April 22, 2009. The lease amount for the entire two year period was $4,500, which was due in its
entirety at the beginning of the lease. The Company is responsible for providing insurance coverage and all repairs,
maintenance and licensing on the vehicle.

The Company pays for accounting and payroll services from Junkermier, Clark, Campanella, Stevens,
PC, a related party. For the three months ended March 31, 2010, the Company had been billed $21,648 for services
(December 2009 - $59,129). The Company's Corporate Secretary and Board Member is an owner of Junkermier, Clark,
Campanella, Stevens, PC.

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8. RECENT ACCOUNTING PRONOUNCEMENTS

Management does not believe that any recently issued but not yet effective accounting pronouncements,
if adopted, would have a material effect on the accompanying financial statements.

9. OTHER MATTERS

The Company has entered into an agreement with O'Keefe Drilling Company, Inc. (O'Keefe) for a
maximum of $1,000,000 in drilling services. Pursuant to the agreement, the Company is to pay O'Keefe forty percent
(40%) of invoiced services in cash and sixty percent (60%) in common stock at a value of $1.25 per share to be
offered in an exempted offering pursuant to Regulation D and Section 4(2) of the Securities Act of 1933, as amended.

Based upon the terms of the contract, the Company has an accrued expense of $534,733 on the
balance sheet for drilling services performed by O'Keefe through March 31, 2010. Of the $534,733 owed to O'Keefe,
$450,999 is required to be settled in shares, for a total of 360,799 shares.

10. SUBSEQUENT EVENTS

Pursuant to the PPM transaction more fully described in Note 6, the Company has issued 258,764
shares of common stock for $258,764 in cash subsequent to March 31, 2010.  The Company has also satisfied an
additional $53,010 worth of short-term notes and accrued interest by issuing 53,010 shares of common stock.

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ITEM 2.     Management's Discussion and Analysis of Financial Condition and Results of
Operations

These financial statements and the documents incorporated in it by reference contain forward-looking
statements that involve known and unknown risks and uncertainties.  Examples of forward-looking statements include:
projections of capital expenditures, competitive pressures, revenues, growth prospects, product development, financial
resources and other financial matters.  You can identify these and other forward-looking statements by the use of words
such as "may," "will," "should," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential" or
the negative of such terms, or other comparable terminology.

Our ability to predict the results of our operations or the effects of various events on our operating
results are inherently uncertain.  Therefore, we caution you to consider carefully the matters described under the caption
"Risk Factors" and certain other matters discussed in these financial statements, the documents incorporated by reference
in this Management's Discussion and Analysis, and other publicly available sources.  These factors and many other factors
beyond the control of our management could cause our actual results, performance or achievements to be materially different
from any future results, performance or achievements that may be expressed or implied by the forward-looking statements.

Executive Summary

We are in the business of developing mineral properties in the state of Montana.  We have acquired an
option to purchase the mineral rights on 23 patented mineral claims and 122 unpatented mineral claims for a seven year
period.  We intend to exercise this option; however, we are currently in the process of developing four of the patented
mineral claims and continuing the evaluation of the remaining patented and unpatented claims.

Critical Accounting Policies and Estimates

Our financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles
("GAAP").  The preparation of the financial statements requires us to make estimates and assumptions that affect the
reported amounts of assets, liabilities, revenues, expenses, and related disclosures.  Though we evaluate our estimates
and assumptions on an ongoing basis, our actual results may differ from these estimates.

Off Balance Sheet Arrangements

As of March 31, 2010, we had no off-balance sheet arrangements as defined in Item 303(a)(4) of Regulation
S-K.

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(a)   Plan of Operation.

Our independent auditor has noted that there is substantial doubt about our ability to continue
as a going concern at December 31, 2009.  In light of our lack of revenues, and operating capital, our ability to
continue as a going concern is dependent upon future events, such as the successful exploration and the future
development and production of the mineral property, our ability to engage the services of highly qualified consultants
who have expertise in the industry and our ability to secure additional sources of financing.  See Risk Factor 3,
"Auditor has raised substantial doubt about our ability to continue as a going concern."



We have completed the 2009 drilling season and J. Robert Flesher, our Vice President of Mining and
Geology, has prepared the "Geology and Exploration Report for 2009," which details the results from the 2009 drilling
season.  The 2009 exploration drill program targeted the completion of 150 reverse circulation drill holes to further
define underground and pit mineralized material resources on the Nancy Hanks/Dewey deposits. 111 reverse circulation
drill holes totaling 37,763 feet were completed during this period. Of these, 62 holes totaling 21,840 feet were drilled
in the greater Nancy Hanks Pit area. Total drill footage for 2009 is nearly three (3) times the footage drilled by GHC in 2008.
In addition to the Nancy Hanks Pit area, the program included exploration of the Willie Vein System and began definition
of the Tostman and Tiger deposits in the greater project area. This drilling in addition to our 2008 drill results and
previous drill programs are being used to create both pit and underground mineralized material resource models using
Vulcan 3-D modeling software.

Mr. Flesher has also prepared the "2010 Grant Hartford Exploration Plan," which sets forth the drilling
plan for the 2010 drilling season, which began on April 15, 2010.  During the 2010

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drilling season, we plan to add further definition to the identified mineralized material zones, by core drilling
an additional 2,000 - 5,000 feet.  We plan to complete down hole surveys of all core drilling holes in 2010, which will
assist in establishing proven/ probable reserves through the completion of the Company's pre-feasibility study and will
ultimately assist in future mine planning.  This work will primarily take place on the Nancy Hanks, Willie and Tostman mineral
claims, as well as other areas on our Garnet Mineral Property.  We will continue to incorporate the available historic
mining data on the Garnet Mineral Property into our Vulcan Sub-Surface 3D Mine Modeling Program.  We have plans to
establish an on-site fire assay laboratory for more efficient field assessment and a mapping program is scheduled to
begin on our Garnet Mineral Property in 2010.  The mapping program began during the first quarter of 2010 and is
anticipated to consist of geological field work at various localities on the Garnet Mineral Property, which will be
used to add clarity to the structural configuration of our mineralized material systems, and further define and establish
our future proven/probable reserve estimate.  We began mill and mine engineering in May, 2009 and largely completed this
engineering work in December, 2009.  We intend to use this data, along with all historic drill data on the Garnet Mineral
Property in order to complete our pre-feasibility study in the second quarter of 2010.  Pending the outcome of mine
engineering, mill engineering and the pre-feasibility study, we anticipate beginning mining operations and construction
of an onsite mill for processing mined ore in the second quarter of 2010, subject to sufficient financing.

The Company incurred expenses of $1,064,578 for the three month period ending March 31, 2010. The
monthly average expenditure the first quarter of 2010 was $354,859.

|EXPENSES                         | Three Months Ended March 31, 2010 | Six Months Ended June 30, 2010Estimated
|-------------------------------- | --------------------------------- | ---------------------------------------
|Financial conference fees        | $0                                | $30,000                                
|Management fees                  | $455,522                          | $704,743                               
|General and administrative       | $148,374                          | $300,000                               
|Professional fees                | $141,510                          | $200,000                               
|Geological and property expenses | $252,066                          | $800,000                               
|Interest expense                 | $52,312                           | $0                                     
|Surface access lease payments    | $14,794                           | $30,000                                
|Total                            | $1,064,578                        | $2,064,743                             

The Company anticipates incurring expenses of $2,064,743 for the six month period ending
June 30, 2010 reflecting the beginning of the Company's drilling program on April 15, 2010 and continued
mill engineering, mine engineering, and the anticipated completion of our pre-feasibility study during
the second quarter of 2010. The monthly average expenditure for both capital and expense items during the
six month period ending June 30, 2010 is estimated to be $344,124.  Although the Company anticipates hiring
a full time CFO, a consulting geologist, a

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Vulcan program operator, and two part time administrative assistants,
we anticipate our operating expenses will remain constant at approximately $3,357,000 during the fiscal year
ending December 31, 2010.

(b)   Management Discussion and Analysis of Financial Condition.

Three Month Period Ended March 31, 2010

Revenues

As of the three months ending March 31, 2010, we did not generate any revenues as compared
to generating no revenues for the three months ending March 31, 2009.  For the remainder of the fiscal year
ending December 31, 2010, management plans to satisfy our cash requirements and working capital needs through
the Company's current Private Placement Memorandum, pursuant to an exemption provided by Section 4(2) and Rule
506 of Regulation D, promulgated under the Securities Act of 1933, as amended, or future private placements
of debt or equity offerings, and/ or through the identification and entering into arrangements with strategic
partners, in order to proceed with the necessary exploration and development work on the Property.

Operating Loss

|Expenses                         | Three Months Ended March 31, 2010 | Three Months Ended March 31, 2009
|-------------------------------- | --------------------------------- | ---------------------------------
|Financial conference fees        | $0                                | $0                               
|Management fees                  | $455,522                          | $95,000                          
|General and administrative       | $148,374                          | $35,545                          
|Professional fees                | $141,510                          | $18,805                          
|Geological and property expenses | $252,066                          | $22,185                          
|Interest expense                 | $52,312                           | $8,778                           
|Surface access lease payments    | $14,794                           | $14,794                          
|Net Loss                         | $(1,064,578)                      | $(195,107)                       

As of the three month period ending March 31, 2010, we incurred a net loss of ($1,064,578),
as compared to a net loss of ($195,107) for the three month period ending March 31, 2009, representing an
increased loss of $869,471 or an approximate 446% increase in net losses.  This net operating loss was primarily
due to an increase in expenses and fees.  As compared to the period ended March 31, 2009, the Company's management
fees increased by $360,522, or approximately 380%.  This is primarily due to Aaron Charlton's and Eric Sauve's
salaries increasing from $15,000 per month to $15,900 per month on June 30, 2009, as well as the additional monthly
salaries and cash and stock bonuses that were paid to certain employees of approximately $320,000 which did not occur
during the period ended March 31, 2009.  General

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and administrative costs increased by $112,829, or approximately 317% as compared to the period
ended March 31, 2009, which was due to additional travel, advertising/ marketing and various other administrative
costs related to the Company's increased financing efforts.  Professional fees increased by $122,705, or approximately
653%, as compared to the period ended March 31, 2009, which is due to increased operational activity, the effectiveness
of the Company's registration statement on Form S-1 deemed effective on January 5, 2010, and bonuses paid to consultants totaling approximately
$55,000 during the first quarter of 2010.  Geological and property expenses increased by $229,881, or approximately
1,036%, as compared to the period ended March 31, 2009, which was due to increased mining expenses attributable to
services provided by contractors for mine and mill development.  Interest expenses increased by $43,534, or approximately
496%, as compared to the period ended March 31, 2009, which is attributable to the interest incurred by the 2009 Promissory
Note exempted offering that is further described in Item 2. Unregistered Sales of Equity Securities and Use of Proceeds,
on page 20 of this Form 10-Q.  We anticipate our operating expenses will increase during the six month period ending
June 30, 2010 to $2,064,743. The increase will be attributable to the additional contracts for the Company's potential
addition of a full time CFO, a consulting geologist, a Vulcan program operator, and two part time administrative
assistants, the acceleration of geological and development work and the professional fees that we incur in connection
with becoming a publicly reporting company pursuant to the Securities Exchange Act of 1934, as amended.

|Liabilities                           | At March 31, 2010 | At December 31, 2009
|------------------------------------- | ----------------- | --------------------
|Accounts payable and accrued expenses | $1,010,563        | $1,149,444          
|Short-term notes                      | $647,500          | $3,369,188          
|Convertible notes payable             | $230,000          | $271,500            
|Due to related parties                | $316,642          | $299,949            
|Capital lease payable                 | $27,420           | $26,279             
|Long-term capital lease payable       | $2,711            | $10,618             
|Total Liabilities                     | $2,234,836        | $5,126,978          

As at March 31, 2010, we had total liabilities of $2,234,836 as compared to total
liabilities of $5,126,978 at December 31, 2009, representing a decrease of $2,892,142, or approximately
56%.  This decrease was  due to the payment of $100,000 of services accrued that were due and payable
pursuant to employment agreements with the Company's Vice President of Corporate Finance and Vice President
of Marketing through the Company issuing 100,000 shares of the Company's no par value common stock at One
Dollar ($1.00) per share during the first quarter of 2010.  This decrease was, in greater part, due to the
satisfaction of $3,209,153 worth of short-term notes and accrued interest by issuing 3,211,800 shares of
the Company's no par value common stock in payment of that debt during the first quarter of 2010.  These
transactions are more completely set forth under Item 2. Unregistered Sales of Equity Securities and Use
of Proceeds on page 20 of this Form 10-Q.

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|Stockholders' equity (Deficit)        | At March 31, 2010 | At December 31, 2009
|------------------------------------- | ----------------- | --------------------
|Accumulated deficit-exploration stage | $(5,664,619)      | $(4,600,041)        
|Total Stockholders' Equity (Deficit)  | $1,423,379        | $(1,600,420)        

Income Taxes

as at March 31, 2010, we paid $100 in income taxes.

Liquidity and Financial Resources

|                                         | Three Months EndedMarch 31, 2010 | Three Months EndedMarch 31, 2009
|---------------------------------------- | -------------------------------- | --------------------------------
|Net loss                                 | $(1,064,578)                     | $(195,107)                      
|Net cash flows from operating activities | $(727,892)                       | $(187,245)                      
|Net cash flows from investing activities | $(99,381)                        | $(8,413)                        
|Net cash flows from financing activities | $795,858                         | $196,700                        
|Cash at end of period                    | $32,272                          | $2,577                          

As compared to the three month period ended March 31, 2009, the Company's net loss
decreased by $869,471, or approximately 446%, during the three month period ended March 31, 2010.
As compared to the three month period ended March 31, 2009, the Net cash flows from operating
activities decreased by $540, 647, or approximately 289%, during the three month period ended March
31, 2010.  This decrease was due to the additional operating expenses that are set forth and discussed
in the Operating Losses section above.  As compares to the three month period March 31, 2009, the Company's
net cash flows from investing activities decreased by $90,968, or approximately 1081%, during the three
month period ended March 31, 2010.  This decrease was due to the Company's increased spending on the Garnet
Mineral Property's infrastructure, mining equipment and payment in full of all Option Payment due during
the period.  As compared to the three month period ended March 31, 2009, the Company's net cash flows from
financing activities increased by $599,158, or approximately 305%, during the three month period ended March
31, 2010.  This resulted from the Company entering into short term notes and through the sale of the Company's
no par value common stock pursuant to the 2010 Exempt Offering that is further described in Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds, on page 20 of this Form 10-Q.

From the date of the incorporation of March 15, 2007 through March 31, 2010, we have raised
an aggregate of $1,133,110 in cash through the issuance of 1,815,694 common shares, and paid debt of $3,209,153,
which included interest resulting from the Company's short-term notes, through the issuance of 3,211,800 common
shares.  These transactions are more completely set forth under Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds on page 20 of this Form 10-Q.

The Company, through its Officers' and Directors' relationships with friends, family members
and close business associates, intends to correct any deficiency in working capital through the

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sale of its common equity to investors and/ or through the identification and potentially entering
into arrangements with strategic partners in order to fund its development in 2010.  The Company
believes it has identified sufficient funding for its growth from these sources.



ITEM 3.     Quantitative and Qualitative Disclosures About Market Risk

We do not consider the effects of interest rate movements to be a material risk to our financial
condition.  We do not hold any derivative instruments and do not engage in any hedging activities.



ITEM 4T.     Controls and Procedures

Evaluation of disclosure controls and procedures.

We carried out an evaluation, under the supervision and with the participation of our management,
including the Chief Executive Officer and the Chief Financial Officer for the effectiveness of the design and operation
of our disclosure controls and procedures as defined in the Exchange Act Rules 13a-15(e) and 15d-15(e), as of the end
of the period covered by this Quarterly Report on Form 10-Q.  Based upon this evaluation, the Chief Executive
Officer/Chief Financial Officer concluded that the Company's disclosure controls and procedures were effective as of
March 31, 2010.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial
reporting as that term is defined in Exchange Act Rule 13a-15(f).  Our internal control over financial reporting is a
process designed to provide reasonable assurance regarding the reliability of our financial reporting and the preparation
of our financial statements for external purposes in accordance with U.S. generally accepted accounting principles.  Our
control environment is the foundation for our system of internal control over financial reporting.  Internal control over
financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in
reasonable detail, accurately and fairly reflect our transactions and dispositions of our assets; (ii)
provide reasonable assurance that transactions are recorded as necessary to permit preparation of our
financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures
are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition use or disposition of our assets that
could have a material effect on our financial statements.  There have been no changes in the Company's internal controls
over financial reporting, that occurred during the period covered by this report, that have materially affected, or are
reasonably likely to materially affect the Company's internal controls over financial reporting.

PART II - OTHER INFORMATION



ITEM 1.     Legal Proceedings.

None.

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ITEM 1A.     Risk Factors.

Risk Factors Relating to Our Business

1:   We have limited operating history and limited historical financial information upon
which you may evaluate our performance.

You should consider, among other factors, our prospects for success in light of the risks
and uncertainties encountered by companies that, like ours, are in the exploration stage. We may not successfully
address these risks and uncertainties or successfully implement our business plan. If we fail to do so, it could
materially harm our business and impair the value of our common stock. Even if we accomplish these objectives,
we may not generate positive cash flows or profits that we anticipate in the future.

Unanticipated problems, expenses and delays are frequently encountered in establishing a new
business and in the exploration stages of the search for mineral deposits. These include, but are not limited
to, inadequate funding, competition, and unsuccessful mineralized material exploration. Our failure to meet any
of these conditions would have a materially adverse effect upon us and may force us to reduce or curtail operations.
No assurance can be given that we can or will ever operate profitably.

2:    We will require additional funding.

As of March 31, 2010, we had cash in the amount of $32,272.  Our 2010 exploration program will
require approximately $1,376,000 to complete. We will require additional financing in order to begin and complete
future phases of the recommended exploration programs, as well as any additional exploration. We currently do not
have any operations and have no income. Our business plan calls for significant exploration expenses. We will also
require additional financing if further exploration programs are necessary. We will require additional financing to
sustain our business operations if we are not successful in earning revenues once exploration is complete. In the
event that our exploration programs are successful in sufficiently estimating the mineralized material continuity
between drill holes and we exercise our mineral claim purchase option, we will require additional funds in order to
place the patented and unpatented mining claims into the development and commercial production stages. We currently
do not have any arrangements for financing and we may not be able to obtain financing when required and on favorable
terms. Obtaining additional financing would be subject to a number of factors, including the market prices for gold,
silver and other metallic minerals and the costs of exploring for, developing and  producing these materials. These
factors may make the timing, amount, terms, or conditions for additional financing unavailable to us, which would
force us to reduce our operations or even cease operations.

3:   Auditor has raised substantial doubt about our ability to continue as a
going concern.

The report of our independent auditor regarding our audited financial statements for the period
ended December 31, 2009 indicated that there are a number of factors that raise substantial doubt about our
ability to continue as a going concern. Such factors identified in the report were that we had an accumulated deficit
since inception of ($4,600,041).  For the period ended March 31, 2010,
that accumulated deficit was ($5,664,619).  For the period from our inception,
March 15, 2007, to March 31, 2010, we had no revenues. Our future is dependent upon our

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ability to obtain
financing and upon successful exploration and future development and productions stages on the patented and
unpatented mining claims. This is a significant risk to investors who purchase shares of our common stock because
there is an increased risk that we may not be able to generate and/or raise enough capital to remain operational for
an indefinite period of time. Potential investors should also be aware of the difficulties normally encountered in
the exploration stage of mining companies and the high rate of failure of such enterprises. Our auditor's concern
may inhibit our ability to raise financing because we may not remain operational for an indefinite period of time
resulting in potential investors failing to receive any return on their investment.

4:   We are a new company with no history.

We have just begun exploration of our mining claim holdings for which we have acquired our options.
As a result, we have no way to evaluate the likelihood that we will be able to operate the business successfully.
We were incorporated on March 15, 2007, and to date, we have been involved primarily in organizational activities,
the acquisition of an option to purchase interests in 145 patented and unpatented mining claims, obtaining an
independent consulting geologist's report on these mining claims, and completing our 2008 and 2009 exploration
program and we began our 2010 exploration program on April 15, 2010.  There is no history upon which to base any assumption
as to the likelihood that we will prove successful. We have not earned any revenues as of the date of this Form
10-Q, and thus, we face a high risk of business failure.

5:  We rely on consultants.

We have a written agreement with an independent engineer, Joe Bardswich; that requires him to review
all of the historical information available on the mining claims we have under option, the results from the previous
exploration work performed on these mining claims, as well as the result of our exploration during the 2008 and 2009
drilling seasons in order to prepare the Company's pre-feasibility study, and to make recommendations based on those
reviews. We also have an agreement with CDM Engineering, retaining their services in order to complete mill and property
engineering on the Garnet Mineral Property.  We also have an oral agreement and written confirmation with our consulting
geologist, Ted Antonioli, to perform geological recommendations and assist in the permitting process. We also have an
agreement with the University of Montana to utilize the Geological Department and Geographical Information Systems
Department to digitize data.  We have a verbal agreement retaining the services of Dr. James Sears to lead our geologic
team in their mapping of the Garnet Mineral Property, for his assistance with the Vulcan Sub-Surface 3D Mine Modeling
Program, and for his service as a Director of the Company.  We also have agreements with two consulting junior geologists,
Sarah Clark and Jeff Switzer, for their assistance with sampling, mapping and drill rig activities on the Garnet Mineral
Property.  In addition, we have agreements with: Norris Labs to perform analyses on geological samples; Kirk Engineering
for a water base line study and survey for a mill and tailings impoundment; with BJ Ambrose for his full time services as
the Vice President of Corporate Finance; with Tim Matthews for his full time services as the Vice President of Marketing;
with J. Robert Flesher for his full time services as Vice President of Mining and Geology; with Aaron Charlton for full
time management services and with Eric Sauve for full time management services.

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Each of these functions requires the services of persons in high demand in the industry and these
persons may or may not always be available when needed. The implementation of our business plan may be impaired if
these parties do not perform in accordance with their written and oral agreements.

6:   Common ownership of GHC and Commonwealth Resources, LLC.

Our sole material assets are the options to the Garnet Mining Claims, which claims are owned,
or optioned by Commonwealth Resources, LLC.  The Optionor, Commonwealth Resources, LLC is owned in part by
Mr. Eric Sauve, who is the President, CEO, CFO and Director of Grant Hartford Corporation.  In addition, Mr. Aaron
Charlton, who is a Senior Consultant to the Company, is likewise a majority owner and the Managing Member of
Commonwealth Resources, LLC.  Mr. Charlton negotiated in good faith on behalf of and for the best interest of
Commonwealth Resources LLC and Mr. Eric Sauve negotiated on behalf of and in good faith and at arm's length
for the best interest of Grant Hartford Corporation. The negotiations concluded in a Letter of Intent which was
signed on March 22, 2007.  The Option Agreement became effective on June 15, 2007.  At the time the Option Agreement
became effective Eric Sauve was not a Membership owner of Commonwealth Resources LLC and did not become a member
until August 31, 2007.   We, at this point, have not voluntarily implemented various corporate governance measures,
in the absence of which, stockholders may have more limited protections against interested director transactions,
conflicts of interest and similar matters.  In the interim, or until such time as we adopt more definitive conflict
of interest and ethics rules, which will include the rules set forth in the Sarbanes-Oxley Act of 2002, Federal
legislation.  Any future potential conflicts will be governed by the independent members of the Board of Directors.
However, any conflict of interest with our President, CEO, CFO, Directors and our Senior Consultant, could result in
a loss of confidence by our shareholders or potential investors and could result in a disruption to the business,
adversely affecting our Company and the existing shareholders.

7:   Potential Conflict of Interest Between Grant Hartford Corporation and
Garnet Range Resources, LLC.

On July 6, 2009, the Company and Garnet Range Resources, LLC ("Garnet") entered into an agreement
wherein Garnet would provide the following services to GHC:  the rental and operation of heavy equipment, labor on
the Garnet Mineral Property and coordination of the exploration project management with GHC.  The material terms of
this agreement are further set forth on page 9 of the Company's Form 10-K in the "Material Terms of Related Party
Agreements" section.  Mr. Eric Sauve, the President, CEO, CFO and Director of Grant Hartford Corporation,
is a related party to GHC and is also a 50% owner of Garnet.  Joyce L. Charlton is the Managing Member, and 50% owner of
Garnet and is the wife of Aaron Charlton, the Senior Consultant of GHC, a related party to GHC and the Managing Member of
Commonwealth Resources, LLC, the company that GHC has optioned its mineral interests from.  Since Eric

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Sauve and Joyce Charlton are related parties to the Company and these related parties own 100% of Garnet, there is an
appearance of a conflict of interest.  However, Mr. Sauve took this matter to the Board of Directors for their
consideration of the Agreement.  Mr. Sauve recused himself from the vote and the Board of Directors agreed that this
Agreement would be beneficial to the Company and it was acting in the ordinary course of business.  Any transaction with our President,
CEO, CFO, Directors and Senior Consultant and his wife could be perceived as a conflict of interest which could result
in a loss of confidence by our shareholders or potential investors and could result in a disruption to our business,
which could adversely affect our Company and the existing shareholders.

8:   Lapse of Insurance on the Part of Garnet Range Resources, LLC.

While Garnet Range Resources, LLC ("Garnet") is responsible to perform the following services
to GHC:  the rental and operation of heavy equipment, labor on the Garnet Mineral Property and coordination of
the exploration project management with GHC, Garnet does not specify that it will indemnify GHC for work stoppage,
delays or interruption of operations, as a result of not being able to provide these services on a timely manner.
This lack of performance on the part of Garnet could cause increased costs, monetary losses, legal liability and
possible adverse governmental action.  Thus, the inability of Garnet to perform could have an adverse effect on
the Company's financial position and have an adverse effect on the shareholders.  The potential costs associated
with losses or liabilities not covered by Garnet's insurance will have a material adverse effect on the Company's
financial position and have an adverse effect on the shareholders.  The material terms of this agreement are further
set forth on page 9 of the Company's Form 10-K in the "Material Terms of Related Party Agreements" section.

9:   Unanticipated issues may occur.

Potential investors should be aware of the difficulties normally encountered by new exploration
stage companies and the high rate of failure of such enterprises. The likelihood of success must be considered in
light of the problems, expenses, difficulties, complications and delays encountered in connection with the
exploration stage. These potential problems include, but are not limited to, unanticipated problems relating
to exploration, and additional costs and expenses that may exceed current estimates. The exploration stage also
involves numerous hazards. As a result, we may become subject to liability for such hazards, including pollution,
cave-ins and other hazards against which the Company cannot insure, or against which it may elect not to insure.
At the present time, we have a property liability insurance policy that covers all of our current surface operations.
The Company, cannot however, ensure that our current coverage will sufficiently protect against all unanticipated
hazards, and when our operations expand to include more extensive above surface and underground exploration, our current property liability coverage
may be insufficient. The payment of such liabilities, that are uncovered, or insufficiently covered, by our current
property liability policy, may have a material adverse effect on our financial position. In addition, there is no
assurance that the expenditures to be made by us in the exploration of the mineral claims will result in determining
the existence of

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proven/probable reserve deposits. Problems such as unusual or unexpected formations and other conditions
are involved in exploration and often result in unsuccessful exploration efforts.

10:   Non-Consent to Use Geological Reports.

The Company has been unable to obtain consents for two of our historical geological
reports; the "Garnet Project Summary," prepared by Pegasus Gold Corporation and the "Mineral Property
Valuation of the Garnet and Copper Cliff Mining Districts in Garnet and Missoula Counties," prepared
by Dr. John C. Brower, Ph.D.  The Company has deemed it necessary to include portions of these reports,
without the expert consents and with the acknowledgement that the reports are over ten years old; because
the information in these reports describe the historical geological condition of the property, and historical
exploratory mineralized material findings on the property.  This information was a contributing factor in
entering into the Grant Hartford Option Agreement with Commonwealth Resources, LLC (the material terms
of the Grant Hartford Option Agreement can be found on page 9 of the Company's Form 10-Q), and to the development
of Grant Hartford's current exploratory drilling program on the Garnet Mineral Property.  If a shareholder
relies on these geology reports, which lack the proper expert consent, the shareholder will not be able to
recover from the authors of these reports for any claims relating to the investors' reliance on these reports.

The Company has agreed to adopt the conclusions made in the reports as the Company's own.
While the Company has adopted the conclusions, the Company may not have sufficient assets to support a legal
judgment should shareholders have a reason to obtain a judgment against the Company regarding these conclusions.
The inability to collect on a judgment could have a detrimental effect on the litigating shareholders and on new
shareholders.  Information from, and references to, these geological reports can be found within the following
sections of the Company's Form 10-K: Material Terms of Related Party Agreements, Garnet Geology and Garnet Mining
History.

11:   We will continue to incur losses for the foreseeable future.

Prior to completion of the exploration stage, we anticipate that we will incur increased
operating expenses without realizing any revenues. We expect to incur continuing and significant losses into
the foreseeable future. As a result of continuing losses, we may exhaust all of our resources and be unable to
complete exploration of our optioned mineral claims. Our accumulated deficit will continue to increase as we
continue to incur losses. We may not be able to generate profits or continue operations if we are unable to
generate significant revenues from future mining of the mineral claims even if we exercise our options. There
is limited history upon which to base any assumption as to the likelihood that we will be successful, and we
may not be able to generate any operating revenues or ever achieve profitable operations. If we are unsuccessful
in addressing these risks, our business will most likely fail.

12:   Because access to the mineral property may be restricted by inclement
weather, the Company may be delayed in its exploration efforts.

Access to the mineral property may be restricted during parts of the year, due to weather in
the area. The property is in a mountainous area in the Garnet Mining District, Granite County, Montana. The
terrain is mountainous, and the property is accessed by county roads, Bureau of

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Land Management roads, and
private roads. Although these roads have been used for exploration in the past, they are best traveled by four-wheel
drive vehicles from spring to the beginning of winter. During the winter months, heavy snowfall can make it difficult
to undertake work programs. We do not currently plan drilling operations in the winter months. Frequent inclement
weather in the winter months makes exploration activities difficult and the planning of exploration activities
challenging. As a result, any attempt to explore the property is largely limited to the times when weather permits
such activities. The most efficient time for us to conduct our work programs is during the months of May through
November. These limitations can result in significant delays in our exploration efforts, as well as any future
production, in the event of unsuccessful determination of the existence of proven/probable reserves. Delays in
exploration and drilling due to inclement weather could significantly increase the time that it would take to
generate any operating revenues or prohibit achieving profitable operations.

13:   If management cannot devote sufficient time to operations, its business
may fail.

Mr. Sauve, our President, Chief Executive Officer and Chief Financial Officer, devotes his full
time and attention to our business affairs. We have an Employment Agreement with Mr. Sauve. Mr. Aaron Charlton,
our Senior Consultant, also devotes his full time and attention to our business affairs. We have an Employment
Agreement with Mr. Charlton. J. Robert Flesher, our Vice President of Mining and Geology, devotes his full time
and attention to our exploration program.  We have an oral Employment Agreement with Mr. J. Robert Flesher.
BJ Ambrose, our Vice President of Corporate Finance, devotes his full time and attention to our business affairs.
We have an Employment Agreement with Mr. Ambrose.  Tim Matthews, our Vice President of Marketing, devotes his full
time and attention to our business affairs.  We have an Employment Agreement with Mr. Matthews.  (See "Material
Terms of Employment Agreements" on page 69 of the Company's Form 10-K.)  Currently, we retain the services of five consulting geologists on
a part-time basis. If our management is unable to devote a sufficient amount of time to manage our operations, our
business could fail.

14:   Sales of substantial amounts of common stock may adversely affect prevailing
market price.

Our President, CEO, CFO and Director, Mr. Eric Sauve, is the beneficial owner of 3,118,945 shares of our common stock,
which equates to 13.9% of our issued and outstanding common stock. Our Senior Consultant and NEO, Aaron Charlton, is
beneficial owner of 8,895,181 shares of our common stock which equates to 39.57% of our issued and outstanding
common stock. Rodney K. Haynes beneficially owns 4,549,576 shares of our common stock which equates to 20.24% of
our issued and outstanding common stock. On January 5, 2010 our Registration Statement on Form S-1 was declared
effective by the Securities and Exchange Commission.  There is presently no public market for our common stock;
however, we propose to apply for quotation of our common stock on the NASD Over-The-Counter Bulletin Board ("OTCBB")
upon the effectiveness of our Form 211 application with FINRA. If our shares are publicly traded on the OTCBB, Mr.
Sauve, Mr. Charlton and/or Rodney K. Haynes and/or Creative Finance Investments, LLC Profit Sharing Plan will be eligible
to sell their shares publicly, subject to the
volume limitations of Rule 144. The sale of a large number of shares at any price may cause the market price to fall.
Sales of substantial amounts of common stock or the perception that such transactions could occur, may materially and
adversely affect prevailing market prices for our common stock.

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15:   The effects of negative cash flow and errors in estimated cash requirements
to a mineral exploration, development and production company, whose current property is in the exploration stage.

We have had negative cash flows from operations, and we have been dependent on sales of our equity
securities and debt financing to meet our cash requirements and have incurred losses totaling ($1,064,578) for the
three month period ending March 31, 2010 and cumulative losses of ($5,664,619) from inception, March 15, 2007, through
March 31, 2010.  We do not expect positive cash flow once we begin production in the near term and our cash requirements
are expected to stay at their current levels.  Further, there is no assurance that actual cash requirements will not
exceed our estimates, or that any production will be realized as anticipated.

We will depend almost exclusively on outside capital to pay for our continued exploration and development
of our Garnet Mineral Property.  Such outside capital may include the sale of additional stock and/or debt financing.
Capital may not continue to be available to meet the continuing exploration and development costs, nor is there any
assurance that if capital is available, that it will be on terms acceptable to us.

The issuance of additional equity securities by us would result in a significant dilution in the equity
interests of our current shareholders.  Obtaining debt financing, assuming debt financing is available, will increase our
liabilities and future cash commitments.  If we are unable to obtain financing in the amounts and on the terms deemed
acceptable to us, we may be unable to continue our business and as a result may be required to scale back or close
operations of our business, the result of which would be that our shareholders would lose some, if not all, of their
investment.

16:   The mine exploration business is highly competitive.

The mine exploration business is highly competitive. Our preparation activities will be
focused on exploring our mineral property in order to determine the existence of proven/probable reserves.
Many of our competitors have greater financial resources than we have. As a result, we may experience difficulty
competing with other businesses regarding availability of equipment and qualified personnel. If we are unable
to retain qualified personnel, or locate needed equipment while conducting exploration activities, we may be
unable to enter into the development and production stages and may be unable to achieve profitable operations.

17:   A ready market may not exist for the sale of the future identified
proven/probable reserves.

Even if the Company is able to successfully explore, develop and prepare an established
commercially minable proven/probable reserve deposit, a ready market may not exist for the sale of the extracted
proven/probable reserves. Numerous factors beyond our control may affect the marketability of gold proven/probable
reserves that are prepared for production. These factors include market fluctuations, the proximity and capacity of
natural resource markets, processing equipment, government regulations, including regulations relating to prices,
taxes, royalties, land tenure, land use, and environmental laws and regulations.  These factors could inhibit our
ability to sell proven/probable reserves in the event that the Company is able to successfully explore,

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develop and prepare an established commercially minable proven/probable reserve deposit for extraction.

18:   There is a risk that new regulations could increase our costs.

The Montana Department of Environmental Quality and the Bureau of Land Management have jurisdiction
and enforce laws and enact and enforce rules and regulations relating to the exploration, development and production
of proven/probable reserves.  We will be subject to these laws, rules and regulations as we carry out our exploration
program. We are required to obtain drilling permits, post bonds and perform remediation work for any physical disturbance
to the land in order to comply with these laws, rules and regulations. Currently, we have not experienced any difficulty
with compliance of any laws or regulations which affect our business. While we have planned exploration program budgets
for regulatory compliance, there is a risk that new laws, rules or regulations could increase our costs of doing business,
preventing us from carrying out our exploration program and, therefore, adversely affecting our operational results.

19:   In the event that our mining claims become invalid, we will lose all rights
that we have in the 23 patented and 122 unpatented mining claims.

The 23 patented and 122 unpatented mining claims are owned by Commonwealth Resources, LLC and are
under an option to us. WGM Group, a professional survey company in Missoula, Montana, surveyed, staked and filed all
122 unpatented claims.  These claims were staked on public lands administered by the Bureau of Land Management. The
right to conduct exploration, development and production mining programs on these 122 unpatented mining claims is
subject to permitting by the Bureau of Land Management. The right to conduct exploration, development and production
mining programs on the 23 patented mining claims is subject to permitting by the Montana Department of Environmental
Quality. The invalidity of any claims would have an adverse affect on any future revenues.

In order to keep the 122 unpatented mining claims in good standing, the Bureau of Land Management
requires that an annual maintenance fee be paid before August 31st of each year. In the event that these maintenance
fees are not paid by the August 31st deadline, the mining claims become invalid and revert to the Bureau of Land
Management. In the event that our mining claims become invalid, we will lose all rights that we have in the 122
unpatented mining claims.  In order to keep the 23 patented mining claims in good standing, the Granite County,
Montana Treasurer requires assessed property taxes to be paid for each respective mining claim by July 31st of
each year. If, or when, property taxes become three years delinquent, we risk losing our rights in the 23 patented
mining claims by operation of law.

Grant Hartford Corporation has the initial responsibility to pay the Bureau of Land Management annual
assessment fees, which are currently $125 for each 122 unpatented claim for a total annual amount of $15,250 and the
property taxes on the 23 patented claims in the annual amount of $1,362.  If these fees are not satisfied by GHC,
Commonwealth Resources, LLC will then make arrangements for payment of such fees.  Failing both companies' fee
payment, GHC would lose its rights in the claims and the shareholders would be subsequently adversely affected.

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20:   In the event we fail to make our scheduled option payments, we will lose
all interest that we have in the patented and unpatented mining claims.

The 23 patented and 122 unpatented mining claims are owned or optioned by Commonwealth Resources,
LLC and are under option to us from Commonwealth Resources, LLC. Under the Grant Hartford Option Agreement,
we are required to make annual option payments of $190,000, for the first five (5) year period of the agreement
and $400,000 for the final two (2) year period, and annual access lease payments of $60,000 in order to keep our
option to purchase the mineral rights to the patented and unpatented mining claims valid.  In the event that the
option payment and access lease payment are not paid by the deadline, and Commonwealth Resources LLC is unwilling
to negotiate an extension, we risk losing all rights in and to the claims.

21:   Compliance with Sarbanes-Oxley may result in our inability to achieve
profitability.

The Sarbanes-Oxley Act of 2002 was enacted in response to public concerns regarding corporate
accountability in connection with recent accounting scandals. The stated goals of the Sarbanes-Oxley Act are to
increase corporate responsibility, to provide for enhanced penalties for accounting and auditing improprieties
relating to publicly-traded companies, and to protect investors by improving the accuracy and reliability of
corporate disclosures pursuant to the securities laws. The Sarbanes-Oxley Act generally applies to all companies
that file or are required to file periodic reports with the SEC, under the Securities Exchange Act of 1934. Upon
becoming a public company, we are required to comply with the Sarbanes-Oxley Act and its costs to remain in
compliance with the federal securities regulations. Additionally, we may be unable to attract and retain qualified
officers, directors and board committee members, which are required pursuant to the Sarbanes-Oxley Act of 2002,
in order to provide effective management. The enactment of the Sarbanes-Oxley Act of 2002 has resulted in a series
of rules and regulations by the SEC that increase responsibilities and liabilities of directors and executive officers.
The perceived increased personal risk associated with these recent changes may make it more costly to attract or may
deter qualified individuals from accepting these roles. Significant costs incurred as a result of becoming a public
company could divert the use of finances from our operations resulting in the Company's inability to achieve profitability.

Risk Factors Relating to Our Common Stock

22:   We are required to annually evaluate our internal control over financial
reporting pursuant to Section 404 of the Sarbanes-Oxley Act of 2002 and any adverse results from such evaluation
could result in a loss of investor confidence in our financial reports and have a material effect on the potential
price of our common stock.

Under Section 404 of the Sarbanes-Oxley Act of 2002, we are required to furnish a report by our
management on internal control over financial reporting.  Such a report must contain, among other matters, an
assessment of the effectiveness of our internal control over financial reporting, including a statement as to
whether or not our internal control over financial reporting is effective.  This assessment must include disclosure
of any material weaknesses in our internal control over financial reporting identified by our management.  In
addition, beginning with our report for the fiscal year ending December 31, 2010, our evaluation of the effectiveness
of our internal controls will be subject to an annual audit by our independent registered public accounting firm and
there is no assurance that they will agree with our assessment.  If we are

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unable to maintain and to assert that our
internal control over financial reporting is effective, or if we disclose material weaknesses in our internal control
over financial reporting, or if our independent registered public accounting firm does not agree with our assessment,
investors could lose confidence in the accuracy and completeness of our financial reports, which could have a material
adverse effect on our stock price.

23:   Indemnification of Officers and Directors.

Our Bylaws provide for indemnification to the fullest extent permitted by Montana law for any
person whom we may indemnify thereunder; including our directors, officers, employees and
agents. As a result, stockholders may be unable to recover damages against directors for actions
taken by them in good faith and with the belief that such actions served the best interests of the Corporation,
whether or not such actions actually did. Our Bylaws, therefore, may reduce the likelihood of derivative litigation
against directors and other types of stockholder litigation, even though such action, if successful, might otherwise
benefit us and our stockholders.

24:   We are subject to "Penny Stock" rules.

Broker-dealer practices in connection with transactions in "penny stocks" are regulated by penny
stock rules adopted by the Securities and Exchange Commission. Penny stocks generally are equity securities with
a price of less than $5.00 (other than securities registered on some national securities exchanges or quoted on
NASDAQ). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise
exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny
stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer
with current bid and offer quotations for the penny stock, the compensation to the broker-dealer and its salesperson
in the transaction, and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and
the broker-dealer's presumed control over the market, and monthly account statements showing the market value of each
penny stock held in the customer's account. In addition, broker-dealers who sell these securities to persons other
than established customers and "accredited investors" must make a special written determination that the penny stock
is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction.
Consequently, these requirements may have the effect of reducing the level of trading activity, if any, in the
secondary market for a security subject to the penny stock rules, and investors in our common stock, may find it
difficult to sell their shares.

25:   We are subject to compliance with securities law, which exposes us to
potential liabilities, including potential rescission rights.

We have offered and sold our common stock to investors pursuant to certain exemptions from the
registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), as well as those of
various state securities laws. The basis for relying on such exemptions is factual; that is, the applicability
of such exemptions depends upon our conduct and that of those persons contacting prospective investors and making
the offer. We have not received a legal opinion to the effect that any of our prior offerings were exempt from
registration under any federal or state law. Instead, we have relied upon the operative facts as the basis for
such exemptions, including information provided by investors themselves.

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If any prior offer did not qualify for such exemption, an investor would have the right to
rescind its purchase of the securities if he or she so desired. It is possible that if an investor should seek
rescission, such investor would succeed. A similar situation prevails under state law in those states where the
securities may be offered without registration in reliance on the partial preemption from the registration or
qualification provisions of such state statutes under the National Securities Markets Improvement Act of 1996.
If investors were successful in seeking rescission, we would face severe financial demands that could adversely
affect our business and operations. Additionally, if we did not, in fact, qualify for the exemptions upon which
we have relied, we may become subject to significant fines and penalties imposed by the Securities and Exchange
Commission (the "SEC") and state securities agencies.

26:   The effect of gold market price fluctuations on our common stock.

Gold prices have fluctuated over the last decade and appear to have hit a high in the last
six months.  These fluctuations, however, could likewise fluctuate downward.  Such downward trending fluctuations
would be beyond the control of the Company, and could have an adverse effect on the price of the Company's stock.
Concurrently, while the price of gold has been able to maintain a higher than usual price, which may be due in
part to the depressed world economy and the depressed United States Dollar, the world economy may correct itself
in the next several years.  In that event the price of gold may lose its value, and there may be an adverse
effect on the price of the Company's stock, resulting in a depressed shareholder value.

27:   We do not expect to distribute cash dividends.

We do not anticipate paying any cash dividends on our shares because we intend to retain our
earnings to finance our mining business. We cannot assure you that our operations will result in sufficient
revenues to enable us to operate at profitable levels or to generate a positive cash flow. Therefore, investors
who anticipate the need for immediate income in the form of dividends should refrain from the purchase of our
shares. In the future, our Board of Directors will decide whether to declare any cash dividends based on the
conditions then existing, including our earnings and financial condition.

28:   There is no public trading market for our common stock and no public
market may develop.

Even though the Company's Registration Statement on Form S-1 was declared effective by the SEC
on January 5, 2010, there is no trading market for our common stock, and there can be no assurance that such a
market will commence in the future. There can be no assurance that an investor will be able to liquidate his or
her investment without considerable delay, if at all. If a trading market does commence, the price may be highly
volatile. Factors discussed herein may have a significant impact on the market price of the shares offered.
Moreover, our common stock in all likelihood will trade at a price below $5.00 per share and become subject
to the "penny stock" rules enacted by the SEC. This would increase the likelihood that many brokerage firms
will not participate in a potential future market for our common stock.  Those rules require, as a
condition to brokers effecting transactions in certain defined securities (unless such transaction
is subject to one or more exemptions), that the broker obtain from its customer or client a written representation
concerning the customer's financial situation, investment experience and

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investment objectives. Compliance with these
procedures tends to discourage most brokerage firms from participating in the market for certain low-priced securities.

29:   A purchaser of our shares runs the risk of losing his entire investment.

Only persons that can bear the economic risk of their investment for an indefinite period of
time and can afford the total loss of their investment should consider the purchase of our shares.

30:   Issuance of additional securities.

Our Board of Directors has authority to issue additional shares of common stock or other securities
without the consent or vote of our stockholders. The issuance of additional shares, whether in respect of a transaction
involving a business opportunity or otherwise, may have the effect of further diluting the proportionate equity interest
and voting power of our stockholders. In the event of such future acquisitions, we could issue equity securities which
would dilute current stockholders' percentage ownership, incur substantial debt or assume contingent liabilities. Such
actions by the Board of Directors could materially adversely affect our operating results and/or the value of our common
stock.

31:   If our shares are quoted on the Over-The-Counter Bulletin Board (OTCBB), we
will be required to remain current in our filings with the SEC and our shares will not be eligible for quotation if
we are not current in our filings with the SEC.

In the event that our shares are quoted on the OTCBB, we will be required to remain current in our
filings with the SEC in order for our common stock to be eligible for quotation on the OTCBB. In the event that we
become delinquent in our required filings with the SEC, quotation of our common stock will be terminated following
a 30 or 60 day grace period if we do not make our required filing during that time. If our shares are not eligible
for quotation on the OTCBB, investors in our common stock may find it difficult to sell their shares.

32:   Voting Control by Commonwealth Resources, LLC.

Commonwealth Resources, LLC, owns, collectively, approximately 70.11%, or 15,759,532 shares of
our total beneficially owned common stock. Commonwealth Resources, LLC is comprised of four interest holders,
which together own the 15,759,532 shares of our Company's common stock. The interest holders and their beneficially
owned shares are as follows: Eric Sauve, 1,718,945 shares, Aaron Charlton, 8,895,181 shares, Kim L. Charlton, 1,755,830
shares and Rodney K. Haynes, 3,389,576 shares. Accordingly, these stockholders, as a group, will be able to control,
among other things, the outcome of stockholders votes, including the election of directors, adoption of amendments to
our Bylaws and Articles of Incorporation and approval of significant corporate transactions such as mergers.

Mr. Eric Sauve is the President, CEO, CFO and Director of our Company.  Mr. Aaron Charlton is
our Senior Consultant, who supervises the drilling program, deals with contractors and is the
Company's liaison with the BLM, state and local agencies.  Any conflicts of interest could delay the
implementation of our business plan, which could have a detrimental effect on our business.

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ITEM 2.     Unregistered Sales of Equity Securities and Use of Proceeds.

2008 Convertible Note Offering - Restructuring

Between July 22, 2008 and November 6, 2008, the Company entered into eight (8) Non-Convertible Notes
(the "Notes") in the aggregate sum of $271,500, the Notes were entered into pursuant to exempt transactions provided
by Section 4(2) of the Securities Act of 1933, as amended.  During the three month period ending March 31, 2010, the
Company offered the Note holders the option of converting the Notes for one share of the Company's no par value common
stock at a purchase price of 95% of the PPM's Unit price dated January 22, 2010, as described below or $0.95, rather
than the initial share price quoted on the first day listed on the Over-The-Counter-Bulletin-Board or on the closing
date that the election is made.  The Notes also had an incentive bonus of 2.5% of the principal amount for in the Company's
no par value common stock.  As of March 31, 2010, Notes equaling $41,500 have been converted for 44,776 shares of the
Company's no par value common stock.

2009 Promissory Notes

Between January 1, 2009 and January 20, 2010, the Company entered into one hundred and six (106)
Promissory Notes (the "Promissory Notes") in the aggregate sum of $3,575,987.73. The Promissory Notes were entered into
pursuant to a corporate debt transaction, pursuant to an exemption provided by Section 4(2) of the Securities Act of 1933,
as amended and Rule 506 of Regulation D, promulgated under the Securities Act of 1933, as amended.

2010 Exempt Offering

On January 22, 2010, pursuant to a Private Placement Memorandum (PPM), upon which the Company relied on
an exemption provided by Section 4(2) and Rule 506 of Regulation D, promulgated under the Securities Act of 1933, as
amended, we began offering on a "best efforts" basis, an aggregate of 5,000,000 Units, each Unit consisting of One (1)
"unregistered and restricted" share of GHC's no par value common stock (the "Shares") and One (1) warrant to purchase
an additional "unregistered and restricted" share of GHC's no par value common stock at an exercise price of One Dollar
and Fifty Cents ($1.50) per share, exercisable for two (2) years following the unit purchase (the "Warrants").
Collectively the Shares and Warrants are hereinafter referred to as the "Units" that are being offered at a purchase
price of One Dollar ($1.00) per Unit (the "Offering").  As at March 31, 2010, $3,002,188 worth of short-term notes and
accrued interest were satisfied through the purchase of 3,002,188 Units, and 522,124 Units were purchased at $522,124 by
accredited and a limited number of non-accredited sophisticated investors.  The Offering has been extended until the
earlier to occur of (a) the sale of $5,000,000 in the aggregate principal amount of the Units or (b) July 21, 2010 or
(c) the Company determines to close the Offering prior to the expiration of the Offering Period.

Shares Vested But Unissued to Officers of the Company

During the period ending March 31, 2010 and pursuant to an exemption provided by Section 4(2)
of the Securities Act of 1933, as amended and an Employment Agreement dated March 1, 2009, between
the Company and BJ Ambrose, the Company's Vice President of Corporate Finance, Mr. Ambrose became entitled to 100,000
shares of the Company's no par value common stock at

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the purchase price of One Dollar ($1.00) per share, for a total
consideration of services valued at One Hundred Thousand Dollars ($100,000).  On March 6, 2010, the Board of Directors
authorized the additional issuance of 138,800 shares of the Company's no par value common stock to Mr. Ambrose, pursuant to an
exemption provided by Section 4(2) of the Securities Act of 1933, as amended and at the purchase price of One Dollar
($1.00) per share, for a total consideration in services rendered valued at One Hundred Thirty-Eight Thousand Eight
Hundred Dollars ($138,800).

During the period ending March 31, 2010 and pursuant to an exemption provided by Section 4(2) of
the Securities Act of 1933, as amended and an Amended Employment Agreement dated January 25, 2010, between the Company
and Tim Matthews, the Company's Vice President of Marketing, Mr. Matthews became entitled to 100,000 shares of the
Company's no par value common stock at the purchase price of One Dollar ($1.00) per share, for a total consideration
of services valued at One Hundred Thousand Dollars ($100,000).  On March 6, 2010, the Board of Directors authorized
the additional issuance of 18,300 shares of the Company's no par value common stock to Mr. Matthews, pursuant to an exemption
provided by Section 4(2) of the Securities Act of 1933, as amended and at the purchase price of One Dollar ($1.00)
per share, for a total consideration in services rendered valued at Eighteen Thousand Three Hundred Dollars ($18,300).

The 238,800 and 118,300 shares of the Company's no
par value common stock have been vested and the Company anticipates issuing the shares during the second quarter ending
June 30, 2010.

Use of Proceeds From Registered Shares

The Company's Registration Statement filed on Form S-1 was deemed effective by the United States
Securities and Exchanges Commission on January 5, 2010.  The file number for this Form S-1 is 333-155507.  The Company's
offering in connection with this Registration Statement has not yet commenced due to the fact that the Company is
currently compiling the necessary .information to complete the 211 filing with FINRA and the subsequent filing with DTC in order
to begin electronic trading.



ITEM 3.     Defaults Upon Senior Securities.

None.



ITEM 4.     (Removed)

N/A.



ITEM 5.     Other Information.

On March 6, 2010, the Company approved and signed a letter of intent with Commonwealth Resources,
LLC to purchase additional patented and unpatented mining claims in exchange for
shares of the Company's no par value common stock.  The number of shares are yet to be determined.
The Company is in negotiations to determine the total patented and unpatented claims to be purchased and the number
of shares to be issued as consideration.  A final agreement has not been reached and the letter of intent is non-bonding.

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On April 12, 2010, the Company filed its Annual Report with the Montana Secretary of State, whereby
the Company changed its principal office address from 619 SW Higgins Ave., Ste O, Missoula MT  59803, to 2620 Connery
Way, Missoula, MT  59808.  The space is being provided by an Officer and Director of the Company at no charge.



ITEM 6.     Exhibits.

|Exhibit Number | Description                                                                                                                                                                                                           
|-------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.2           | Certification of the Secretary/Treasurer and Director, as adopted pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.                                                                                          
|32.1           | Certification of the Chief Executive Officer/Chief Financial Officer and its Secretary/Treasurer, as adopted pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned
thereto duly authorized.

GRANT HARTFORD CORPORATION
Registrant

By:/s/ Eric Sauve
        Eric Sauve       
President, Chief Executive Officer, Chief Financial Officer and Director



By:/s/ David Gilmer
        David Gilmer       
Secretary/Treasurer and Director

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