Norrep R Class

Hesperian Capital Management Ltd.

Hesperian Capital Management Ltd.

May 29, 2009 14:18 ET

Hesperian Capital Management Ltd. Announces the Launch of the Norrep Resource Class

CALGARY, ALBERTA--(Marketwire - May 29, 2009) - Hesperian Capital Management Ltd. is pleased to announce the launching of their latest product, the Norrep Resource Class of Norrep Opportunities Corp. The Norrep Resource Class is designed to achieve long-term capital appreciation by investing in both Canadian and foreign resource companies.

"Being Calgary based and having a portfolio management team led by Steve Smith provides us with a strategic advantage in identifying and investing in resource companies", stated Randal L. Oliver, Chairman and Chief Investment Officer of Hesperian Capital Management Ltd.

The Norrep Resource Class takes a value approach to security selection, applying both fundamental and quantitative techniques. The Fund capitalizes on the management team's experience in the resource sector and targets companies with expanding resource potential and a healthy outlook for the underlying commodity. More information regarding the Norrep Resource Class can be found in the Simplified Prospectus and Annual Information Form of Norrep Opportunities Corp., each dated May 13, 2009.

Hesperian Capital Management Ltd. is a Calgary based investment counselor, managing the Norrep Group of Funds, which has approximately $400 million in combined assets. The Norrep Group of Funds specializes in global small and mid-cap, Canadian large cap and Canadian energy equities, from both a fundamental and quantitative perspective.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

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