SOURCE: HE-5 Resources, Corp.

October 29, 2007 08:30 ET

HE-5 Resources, Corp. Commences Phase 2 of Drilling Program at Overman Property

In Negotiations to Acquire Massive Iron Ore Property in West Africa

NEW YORK, NY--(Marketwire - October 29, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced that it has commenced Phase 2 of the Drilling Program at the Overman Property. This Phase will determine the southwest and northeast limits of mineralization and the lower limits of mineralization of the Overman pit property. The primary objective is to upgrade the resource to measured status of over a few million tons. The Company will provide investors with timely updates on the progress and key developments related to Phase 2 of the Drilling Program over the next months.

HE-5 also announced that it is in negotiations to acquire the exploration and productions rights, over a 10-15 year term, to a massive iron ore Property in West Africa. The Property hosts potential high-grade iron ore reserves valued at over $10 million. According to the UN Economic Commission for Africa, United Nations, there are 20 billion tons of proven reserves and 20 billion tons of potential reserves of iron ore in Africa. Further details on the Property will be furnished to shareholders upon further advancements on this massive contact. This contract will completely restructure the growth of the company.

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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