Hedman Resources Limited

Hedman Resources Limited

September 28, 2005 09:00 ET

Hedman Procures Independent Analyst's Report

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - HEDMAN RESOURCES LIMITED (TSX VENTURE:HDM) is pleased to announce the release by Independent Equity Research Corp. ("eResearch") of an independent analyst's report on the company. This report targets a near term trading target of 0.30 per share, with measurable profit forecasts and a "Speculative Buy" recommendation.

A copy of this comprehensive report may be obtained by subscribers at www.eresearch.ca or by calling eResearch at (416) 643-7650. Also, any interested person may request a copy of this report by contacting David Berman, Chief Financial Officer of Hedman, at dberman@hedmanresources.com or by leaving a detailed voicemail request including full mailing address or email address at Hedman's offices, (416) 630-6991.

Hedman commissioned this initiating report for the sum of $17,000. Further updates will be released by eResearch over the course of the coming year.

"We are very pleased with the analysis, forecasts and recommendations contained in this important report," commented Stephen A. Edell, Hedman's President and CEO. "We regard the forecasts and recommendations here to be conservative and demonstrably justified. Most importantly, it is an independent verification of the real progress that has been achieved in our restructuring efforts and designs on realizing revenue streams in the foreseeable future. We are hopeful that our shareholders, the investment and financial communities and industry will seriously respond to this report and share in its optimism."

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