Hodgins Auctioneers Inc.

Hodgins Auctioneers Inc.

November 21, 2007 12:31 ET

Hodgins Auctioneers Issues Retraction

MELFORT, SASKATCHEWAN--(Marketwire - Nov. 21, 2007) - Hodgins Auctioneers Inc. (TSX VENTURE:HA) (www.hodginsauctioneers.com), a provider of professional auction services for clients across North America, issues a retraction to an email circular that was sent to its clients on November 20, 2007.

The email in question referenced that Hodgins Auctioneers had acquired Toronto based Wireless Auctioneers AutoSoldNow Inc. This bulletin was actually a draft copy that was being prepared in anticipation of a POSSIBLE purchase by Hodgins Auctioneers. The company does confirm they are in discussions with AutoSoldNow Inc. but have not signed any letter of intent to finalize any transaction with AutoSoldNow Inc.

Hodgins Auctioneers apologizes for the mistaken dissemination of this information.

About Hodgins Auctioneers Inc.

Headquartered in Melfort, Saskatchewan, for nearly 50 years, Hodgins Auctioneers has provided professional auction services for clients across North America and consistently ranks in the top 100 biggest companies in the Province. Hodgins is renowned for its experienced auctioneers, award-winning promotions and dependable results, resulting in a database of nearly 100,000 motivated and qualified buyers from across Canada and the United States.

To find out more about Hodgins Auctioneers Inc. (TSX VENTURE:HA), visit our website at www.hodginsauctioneers.com.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are exploration risks detailed herein and from time to time in the filings made with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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