SOURCE: HE-5 Resources, Corp.

November 06, 2007 08:45 ET

HE-5 Resources, Corp. Announces Approval of Acquisition of Exploitation Rights to Massive Iron Ore Property in West Africa

NEW YORK, NY--(Marketwire - November 6, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced that it has secured approval of the transaction regarding the acquisition of exploitation rights to a massive iron ore Property in West Africa. HE-5 has received notice from the Ministers of the West African nation that formal approval of the transaction will be granted on Thursday, November 8, 2007. HE-5 anticipates that the definitive Agreement will be finalized in short order following formal approval of the transaction.

CEO Denyse Raynault stated: "Gaining approval of this transaction is a crucial milestone towards our goal of securing this major contract. We look forward to closing this acquisition shortly, which we firmly believe will significantly enhance the Company's profitability and shareholder value."

About the Iron Ore Property

The Property is situated in a region that is well known for iron ore deposits, which enrich neighbouring African nations. Past exploratory and drilling work, performed by several major players in the mining industry, indicate that the Property contains some of the most extensive iron ore deposits in West Africa. According to an independent report completed in 2001, the West African nation's total iron ore resource was estimated to be 3 billion metric tons.

About HE-5 Resources, Corp.

HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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