SOURCE: HE-5 Resources, Corp.

November 29, 2007 08:22 ET

HE-5 Resources, Corp. Announces Letter of Intent for Long-Term Contract to Exploit Massive Iron Ore Property in West Africa

Company Expects Contract Will Be Finalized in Early December

NEW YORK, NY--(Marketwire - November 29, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) today announced an agreement in principle for a long-term contract to exploit a massive iron ore Property in West Africa. According to published reports in 2003, domestic resources of iron ore in the Property's immediate and surrounding regions, which were not yet developed, amounted to an estimated 3 billion metric tons at a grade of 40% iron. The transaction is expected to be in place in early January 2008. Early spring of 2008 is projected as the commencement of works. Various sub-contractors will be engaged in the contract.

Past exploratory and drilling work indicates that the Property contains some of the most extensive iron ore deposits in West Africa. The Property offers HE-5 the potential to significantly enhance its profitability and shareholder value. This is due not only to the estimated substantial size and value of the iron ore reserves on the Property but also to the current strength of the global iron ore market. World consumption of iron ore grows 10% per annum on average with the main consumers being China, Japan, Korea, the United States and the European Union.

CEO Denyse Raynault stated: "We expect this to be a landmark contract for our Company that will elevate our status as an important player in the global mining industry. We look forward to closing this transaction shortly and commencing the exploration of this extensive iron ore deposit. Various subcontractors will be required, which will create substantial value for all parties, most of which are shareholders."

About HE-5 Resources, Corp.

HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base and to bring the companies mining expertise where required.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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