SOURCE: HE-5 Resources, Corp.

November 17, 2006 08:30 ET

HE-5 Resources, Corp. Awards Contract to Local Mining Company to Process Ore

Ore to Be Extracted From Company's Overman Property

NEW YORK, NY -- (MARKET WIRE) -- November 17, 2006 -- HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced that it has awarded a one-year contract to GoldSpring, Inc. to process ore that HE-5 plans to extract from its Overman Property. The agreement calls for a minimum of 100,000 tons of ore and a maximum of 300,000 tons of ore to be delivered to Goldspring for processing, commencing on March 15, 2007, in minimum monthly quantities of 10,000 tons, with completion no later than March 15, 2008. A $100,000 deposit must be paid by HE-5 Resources to Goldspring on the date upon which Goldspring begins processing ore. If on March 15, 2008 HE-5 has not delivered 100,000 tons of ore to Goldspring to be processed, it must pay Goldspring the difference between the processing fee for 100,000 tons and the amount paid to date. The ore processing fee is $10.00 per ton with built-in escalations for cost increases.

This contract will gross between $2,500,000 and $7,500,000 for HE-5 Resources. CEO Denyse Raynault stated: "This is an important agreement for HE-5 Resources due to the fact that it facilitates processing of the ore that will be extracted from the Overman Property. This contract also opens the door for potential future ore processing agreements with Goldspring."

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.

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.

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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