SOURCE: HE-5 Resources, Corp.

October 02, 2007 09:18 ET

HE-5 Resources, Corp. Announces Signing of 5-Year Lease on Overman Property Allowing Timely Commencement of Gold and Silver Extraction Operations

Management Forecasts Revenues of $15 to $20 Million Based on Geologic Results From Phase I of Drilling Program

NEW YORK, NY--(Marketwire - October 2, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced that management has renegotiated and signed a new 5-year lease on the Overman Property.

Management indicated that the lease has been signed directly with the owner of the land as opposed to the previous one that was a sublease with a third party. Secondly, the conditions are far more advantageous for HE-5 since the net smelter return is based on the net income as opposed to the gross income. Furthermore, the lease payments are considered as advances on the smelter rather than as pure expenses. Management has also outlined the nature of the mining operations and received all past historical available information on the property that was never made accessible in the past.

In the previous lease HE-5 was not protected in regards to "Force Majeure" events or economic setbacks, which are covered in the new agreement. Finally, the Company will now be able to register the lease agreement with the State of Nevada County office.

Management also stated that these new renegotiated conditions will immediately place the Company in a position to commence extraction operations and invest in processing equipment to begin generating revenues. The Company's operations team has selected the most cost-effective processing equipment to be utilized and will disclose the terms and technology details shortly.

Based on the geologic results from Phase I of the Drilling Program, management forecasts $15 to $20 million in revenues with a profit margin of over 50%. As the Company stated last week, Phase 2 of the Drilling Program will be conducted this fall to determine the southwest and northeast limits of mineralization and the lower limits of mineralization in the immediate area of the Overman pit floor. The primary objective is to upgrade the resource to measured status of over a few million tons.

For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault@he-5resourcescorp.com or visit the corporate website at www.he-5resourcescorp.com.

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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