Hedman Resources Limited

Hedman Resources Limited

January 04, 2005 09:00 ET

Hedman Enters Phase Two of Cooperative Research & Development With U.S. Department of Energy




JANUARY 4, 2005 - 09:00 ET

Hedman Enters Phase Two of Cooperative Research &
Development With U.S. Department of Energy

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2005) - Hedman Resources
Limited (TSX VENTURE:HDM) has signed an amending agreement with the
United States Department of Energy ("US DOE"), through its Albany
Research Center ("ARC"), to formally establish the terms of Phase Two of
its Co-Operative Research and Development Agreement ("CRADA"). For more
information on this CRADA, please review Hedman's news release of
November 8, 2004 at www.hedmanresources.com.

Phase One successfully demonstrated the theoretical premise that
serpentine could be fiberized. In particular, Hedman's unique antigorite
ore proved especially conducive to fiberization and evidenced
demonstrable results in a series of test runs.

For Phase Two, Hedman has made a partnership contribution of a further
$115,000 USD to allow for specific equipment design at the ARC to
maximize the yield of fiberized serpentine. Phase Two is intended to
focus on practical concerns and set the stage for patent applications,
fabrication systems, product conception and development and joint
venture pursuits.

Hedman's board and management have determined that this CRADA
opportunity through its partnership with the US DOE is its primary
initiative and foundation for future dynamic and divergent growth. It is
also hoped that continuing success under the CRADA will lead to fresh
equity and investment capital buoyed by the recently announced
disposition by the company of its dormant Matheson, Ontario crushing
facility and related expendable assets.

Certain statements in this press release may constitute
"forward-looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of Hedman Resources Limited (the "Company")
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
When used in this press release, such statements use such words as
"may," "will," "expect," "anticipate," "project," "believe," "plan" and
other similar terminology. The risks and uncertainties are detailed from
time to time in reports filed by the Company with securities regulatory
authorities to which recipients of this press release are referred for
additional information concerning the Company, its prospects and the
risks and uncertainties relating to the Company and its prospects. New
risk factors may arise from time to time and it is not possible for
management to predict all of those risk factors or the extent to which
any factor or combination of factors may cause actual results,
performance and achievements of the Company to be materially different
from those contained in forward-looking statements. Given these risks
and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is
current only as of the date of this press release. There should not be
an expectation that such information will in all circumstances be
updated, supplemented or revised whether as a result of new information,
changing circumstances, future events or otherwise.


Contact Information

    Hedman Resources Limited
    David Berman
    (416) 630-6991
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.