SOURCE: HE-5 Resources, Corp.

October 31, 2007 08:30 ET

HE-5 Resources, Corp. Sends Delegation to West Africa to Finalize Negotiations for Acquisition of Massive Iron Ore Property

NEW YORK, NY--(Marketwire - October 31, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced that it has sent a delegation, composed of members of the Management and Advisory team, to West Africa in order to finalize negotiations for the acquisition of a massive iron ore Property. The delegation will be meeting with Ministers of the West African nation to secure approval of the transaction. Management anticipates that a definitive agreement will be signed by the end of next week.

The Property is situated in a region that is well known for iron ore deposits, which enrich neighbouring African nations. Several major players have initiated feasibility studies and exploration programs in this iron-rich West African nation. 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.

HE-5 also announced that due to the scope and complexity of the West Africa Project, it will appoint shortly a new international law firm. In addition, the Company is in the process of assembling a team consisting of surveyors, geologists, engineers, etc. that will be responsible for executing the exploration program on the Property.

For more information on HE-5 Resources, Corp. please contact Investor Relations at 1 866 THE APPL(E). Alternatively, you may 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.

Contact Information

  • Contact:

    Investor Relations
    1 866 THE APPL(E)
    HE-5 Resources, Corp.