SOURCE: HE-5 Resources, Corp.

May 05, 2006 08:30 ET

HE-5 Resources, Corp. Completes Q1 2006 Opening Financial Statements

NEW YORK, NY -- (MARKET WIRE) -- May 5, 2006 -- HE-5 Resources, Corp. (OTC: HRRP) today announced that it has completed the Opening Financial Statements for the first quarter of 2006. These Statements will be audited by the Company's Accountant and released to shareholders by the end of the month. The Company also announced that the 2006 Proforma Operating Cash Flow Statement will be completed and posted on the Corporate website by the end of next week.

CEO Denyse Raynault stated: "We are pleased with the financial results for the current quarter, which were significantly enhanced by the sale of a 50% interest in the Ruby #1 and #2 Mine Project to Sand Oil, Inc. They demonstrate our financial strength and stability and form the basis of our future revenue and profit growth. The release of our Audited Financial Statements will not only confirm our strong growth profile but also increase the Company's exposure among institutional and high net-worth investors. In addition, they will disclose the details of our Joint Venture with Sand Oil, Inc. for the Ruby #1 and #2 Mine Project."

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.

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