May 07, 2007 16:42 ET

eResearch Issues Initiating Report on Sego Resources Inc.

TORONTO, ONTARIO--(CCNMatthews - May 7, 2007) - eResearch analysts, Nigel Heath, BBM (Accounting/Finance), CFA, and Bob Weir, B.Sc., B.Comm., CFA have written an Initiating Report on Sego Resources Inc. (TSX VENTURE:SGZ). This junior mineral exploration and development company's activities are focused in British Columbia and, in particular, on the promising gold-silver property known as the Gold Hill Project.

The report's Highlights state the following:

- The shares are rated as a Speculative Buy for risk-tolerant investors, with a share price target of $0.55, against the current price of $0.30.

- An investment in Sego Resources provides investors with an early entry into an exciting mineral exploration opportunity with a promising gold-silver property at its Gold Hill Project.

- There have been numerous historic mine workings on the property and adjacent properties, indicating good prospects for further mineral discovery.

- Drilling on the Gold Hill Property is expected to commence in the next few months.

- Management may pursue further property acquisitions in order to diversify its exploration opportunities.

- This young company, which has yet to prove itself, has a limited operating budget compared to many other mineral exploration companies covered by eResearch.

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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