Hodgins Auctioneers Inc.

Hodgins Auctioneers Inc.

August 22, 2007 08:00 ET

Hodgins Auctioneers Holds Largest Pre-Harvest Auction in Company History; Announces Auction Gross Sales of Over $9.8 Million

MELFORT, SASKATCHEWAN--(Marketwire - Aug. 22, 2007) - Hodgins Auctioneers Inc. (TSX VENTURE:HA) (www.hodginsauctioneers.com), a provider of professional auction services for clients across North America, is pleased to announce that the company held the largest Pre-Harvest Auction in its history.

The 32nd Annual Pre Harvest Auction, conducted on the Hodgins' Melfort, Saskatchewan yard site was held on August 15th and 16th, 2007.

Total Auction Gross Sales were $9,892,182.00 with 1862 total Lots sold. A Major contributor to the auction was CNH Capital who consigned items to fill Day 1 of the two day auction.

"We were extremely pleased to be awarded the contract from CNH Capital who placed their confidence in us to sell a substantive amount of equipment," stated Mr. Barry Jung, President of Hodgins Auctioneers.

More that 2300 Total Bidders registered for the auction with Canadian provinces of Alberta, Manitoba, Saskatchewan, Ontario, British Colombia and US States of Arkansas, Minnesota, Missouri, Montana, South Dakota, Wisconsin, Oregon, Texas, Ohio, North Dakota, Washington, Iowa, Colorado, Oklahoma, and Idaho represented.

330 people were registered to bid Online thru Bid Spotter.com. Hodgins partner in providing interactive internet bidding services.

About Hodgins Auctioneers Inc.

Headquartered in Melfort, Saskatchewan, for nearly 50 years, Hodgins Auctioneers has provided professional auction services for clients across North America and consistently ranks in the top 100 biggest companies in the Province. Hodgins is renowned for its experienced auctioneers, award-winning promotions and dependable results, resulting in a database of nearly 100,000 motivated and qualified buyers from across Canada and the United States.

To find out more about Hodgins Auctioneers Inc. (TSX VENTURE:HA), visit our website at www.hodginsauctioneers.com

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are exploration risks detailed herein and from time to time in the filings made with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information