Hesperian Capital Management Ltd.

Hesperian Capital Management Ltd.
Norrep Income Growth Class

May 25, 2009 17:09 ET

Hesperian Capital Management Ltd. Announces Appointment of New CEO

CALGARY, ALBERTA--(Marketwire - May 25, 2009) - Randal L. Oliver, Chairman and Chief Investment Officer of Hesperian Capital Management Ltd. ("Hesperian"), is pleased to announce the appointment of Alexander Sasso, CFA as Hesperian's Chief Executive Officer, effective immediately.

Alex Sasso joined Hesperian in 2004 in the capacity of Vice President, Portfolio Manager and Owner, and has been directly involved in the company's management of the Norrep Group of Funds, a strategically focused group of public mutual funds and limited partnerships. Alex currently manages the Norrep Fund, Norrep II Class and Norrep Income Growth Class. These duties will not change with Alex's appointment to the CEO position.

Alex brings with him more than 17 years experience in the investment industry. Prior to joining Hesperian, Alex spent 12 years as a Portfolio Manager and Analyst at Altamira Management Ltd., eventually managing all of Altamira's Canadian and US small capitalization retail and institutional mandates.

Randal Oliver will continue in the role of Chief Investment Officer and Chairman of the Board for Hesperian. "We are very pleased that Alex has accepted this position", said Mr. Oliver, "Alex has been an integral part of the management of Hesperian and he has the experience and expertise we require to lead the company through these economically challenging times."

Hesperian Capital Management Ltd. is a Calgary based investment counselor, managing the Norrep Group of Funds, which has approximately $400 million in combined assets. The Norrep Group of Funds focuses on North American small-cap and mid-cap companies, Canadian large capitalization equities and Canadian energy equities from both a fundamental and quantitative perspective.

Visit www.hesperiancapital.com for more details about Hesperian and the Norrep Group of Funds, or contact Richard Rohan.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

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