SOURCE: HE-5 Resources, Corp.

March 06, 2008 12:43 ET

Mining Analyst Experts Initiates Coverage of HE-5 Resources, Corp.

NEW YORK, NY--(Marketwire - March 6, 2008) - HE-5 Resources, Corp. (PINKSHEETS: HRRN) is pleased to announce that Mining Analyst Experts has initiated coverage of the Company. Mining Analyst Experts confirms a positive outlook on HRRN based on its analysis of the Company's projected growth and fundamentals. Mining Analyst's price target of $0.45 indicates a strong intermediate-term outlook. The complete, unedited analyst report appears below.

MARCH 2008

Symbol - HRRN.PK
Recent Trading Price - $0.07
Intermediate Term Price - $0.45
Web Site - www.he-5resourcescorp.com
Market Cap - $3,011,000
Corporate Contact - 1-514-883-6388

Industry Overview

--  Rapid growth in Chinese demand for iron ore has led to sharp increases
    in the spot price. Indian iron ore fines are now selling in China for a
    spot price of around $180/tons, double their level at the start of 2007.
    After taking into account freight rates, Australian fine ores sold at
    benchmark prices (of around $50/tons fob).
--  US investment bank Citigroup forecasts that iron ore prices will rise
    at least 20% over the next two years and could rise by that amount in 2008
    alone. Citigroup stated: "Tight market conditions are expected to prevail
    over the next two years, pointing to a 20%  increases in prices, however,
    there are a number of additional considerations lending further price
    support in the shorter term.
    

Company History

Gold Mining Project
Overman Property, Nevada

HE-5 is currently in its third year of operation in the mining field. HE-5 management has secured a new 5 year-lease on the rich gold and silver Overman Property and invested over $1,850,000 in cash to finance Phase 1 of the operation. The proceeds from this initial capital injection were mainly utilized to complete road access and to survey the site via a drilling program on the North wall of the Overman open pit mine. The roads have been completed and the final engineering geologic lab reports are available in the Properties section on the Corporate Website. Management is negotiating the acquisition of a mobile processing plant to begin generating revenues from the first tailing for an approximate value of $15 to $20 million. Total processing costs amount to approximately $3.5 million. These initial revenues will allow the Company to reimburse the $1.5 million loan on the processing equipment and to accelerate the complete evaluation of the Property. Preliminary estimates from geologic experts place a value of over $150 million for the Overman Property.

Recent Major Acquisition

Iron Ore Mining Project
Côte d'Ivoire, Africa

Mount Klahoyo Property Contains Estimated 700 Million Tonnes of Iron Ore Resources

HE-5 has recently concluded key working agreements in Africa involving a multi-billion dollar iron ore mining Project in the Republic of Côte d'Ivoire. The Mount Klahoyo Property is located adjacent to the Touba-Biankouma nickel project in north-western Cote d'Ivoire operated by Xstrata plc. The concession is the property of the state-owned "Société pour le Développement Minier (SODEMI)." The foundation of the agreements is based on HE-5's ability to secure portfolio financing and provide its expertise in the global mining industry. In exchange, the Government will supply HE-5 with a share of the profits generated from the mining concession and the operation of the necessary infrastructures.

Conclusions and Recommendation

Building successful Mining companies depend on several key factors: Value of the mining properties, entrepreneurial vision, an experienced management and executive team, modern technology and strong financial backing. HE-5 meets each of these requirements with full marks. The Company's strategic plan of leveraging the current values of the proven reserves supported by the privileged relationship established with the Republic of Côte d'Ivoire authorities, will position HE-5 as an emerging mining Company with immediate access to revenue streams that will support the growth of the Company. A key revenue driver for HE-5 is that iron ore prices are predicted to increase by at least 20% to 25% next year as demand and demand growth outpaces global supply. If HE-5 management displays strong leadership and discipline and successfully implements the financial plan, then the Company will likely achieve significant returns from its mining Projects. This is both an opportunity and a bargain at $0.07 a share, and at this current trading price, HRRN represents a very compelling investment for those investors who aggressively seek mid and long-term capital gains in the dynamic multi-billion dollar global mining industry.

Disclaimer: Mining Analyst Experts prepared this and opinions in this analyst report. A sum of $3,000 was received from R. Downey Consulting for preparation and research made to complete this report. This information document is not an offer to buy or sell securities nor should this report be construed as an investment advice. Information or statements have been provided by the Company or from research and are subject to numerous risks and uncertainties that cause such statements not to prove accurate.

For more information on HE-5 Resources Corp, please visit our Corporate Web Site at: www.he-5resourcescorp.com or call investor relations at 514-883-6388.

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