eResearch

eResearch

November 20, 2007 13:52 ET

eResearch Issues Update Report on Sego Resources Inc.

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - The acquisition in July 2007 of a copper-gold-palladium property, known as Miner Mountain, in south-central British Columbia adds a second string to Sego's bow. This easy access, shallow depth mineralization property is now the main focus of management's attention, with full-scale drilling to begin in early 2008.

Sego Resources Inc. is a junior mineral exploration company focused on gold/silver/copper in British Columbia. The acquisition of Miner Mountain enhances the Company's exploration upside and augments its diversity. Current financing initiatives should strengthen its financial position and provide sufficient capital to advance its exploration program.

In the Update Report, eResearch analysts, Nigel Heath, BBM (Accounting/Finance), CFA, and Bob Weir, B.Sc., B.Comm., CFA continue to recommend Sego Resources Inc. (TSX VENTURE:SGZ) as a Speculative Buy, with a one-year Target Price of $0.55. They have also introduced a three-year Target Price of $1.70. The stock is recommended for higher risk investors.

This Press Release was prepared by eResearch and was not vetted by Sego Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Sego Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Sego Resources Inc. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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