SOURCE: HE-5 Resources, Corp.

September 05, 2007 08:30 ET

HE-5 Resources, Corp. Announces Release of NI 43-101 Technical Report on Phoenix Property Located in Matagami Mining Camp

Major Exploration Program Recommended Due to Base Metals Potential of Property

NEW YORK, NY--(Marketwire - September 5, 2007) - HE-5 Resources, Corp. (PINKSHEETS: HRRN), an emerging mining firm with a portfolio of vast mineral-rich territories, today announced the release of the NI 43-101 Technical Report on the Phoenix Property situated in the Matagami Mining Camp. The NI 43-101 Report is available to shareholders on the corporate website at: Key excerpts from the Technical Report appear below.


The Property is located 17 km west of the town of Matagami, Quebec, Canada in NTS map sheets 32F/12 and 32F/13. It is located on the fringe of the Watson Lake Group which hosts several massive sulphide deposits in the Matagami mining camp.


In summary, the base metals potential of the Phoenix property is based on the following features:

--  Presence of the Watson Lake rhyolite (and probably Key Tuffite) below
    the Wabassee basalts in the Phoenix area at depth;
--  New and other favourable marker horizons within the Wabassee basalts;
--  Two airborne magnetic anomalies adjacent to interpreted faults located
    within the property (based on Noranda regional survey, 1999). Anomalies
    having similar shape to the Perseverance anomaly.


InnovExplo recommends, therefore, a major exploration program on the Phoenix property. InnovExplo stated that the character of the property is of sufficient merit to justify the recommended program.

The recommended exploration program has been divided into two (2) phases. The second phase of the program is conditional to the success of the first phase. Phase 1 has been estimated at $315,514 and Phase 2 at $608,350 totalizing $923,864.

InnovExplo recommends a 1,700-m drilling campaign in the first phase of the program with two main objectives:

--  Test the Wabassee / Watson Lake contact (Key Tuffite) at depth and
    other potential horizons located at upper levels with one (1) drill hole
    (1,200m) on Phoenix property where magnetic anomaly "E" is located;
--  Test other magnetic anomaly ("F" anomaly) with a shorter drill hole
    (400m to 500m). In Phase 1, InnovExplo recommends detailed whole-rock
    geochemistry sampling (each 30m systematically along the drill hole) and
    borehole geophysics surveys (Pulse-EM or InfiniTEM surveys) in each drill

Phase 2 consists of a provision of 3,300m of drilling for follow-up on results from Phase 1.

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 with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.

For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at or visit the corporate website at

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.

Contact Information