SOURCE: Wall Street News Alert

Wall Street News Alert

May 30, 2007 09:08 ET

Wall Street News Alert: HMSO, Wednesday's Hot Stock to Watch! May 30, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - May 30, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Hemis Corporation (OTCBB: HMSO), IAMGOLD Corporation (NYSE: IAG), Kinross Gold Corp. (NYSE: KGC) and Newmont Mining Corporation (NYSE: NEM).

There is more exciting news out of Hemis Corporation (OTCBB: HMSO) for investors. The company, an international resource company with several advanced stage exploration properties in Mexico and a project in Cook Inlet, Alaska, has issued a press release announcing that it has entered into an agreement to acquire Aspen Exploration Corporation's Anchor Point gold project in the Cook Inlet area of Alaska, which includes all of Aspen's interests in maps, aeromagnetic surveys and geological information developed by Aspen in the Cook Inlet as well as rights to Offshore Prospecting Permit (OPP) applications.

This could be great news! Under the terms of the agreement, Aspen was paid $50,000 at signing and will be paid this amount on each anniversary of the agreement in order to maintain Hemis' interest in the project. Aspen is entitled to a 5% production royalty, which may be taken in kind or in cash as Aspen prefers.

Aspen geologists, led by R. V. Bailey, Chairman of Aspen's board, carried out exploration for gold in Alaska in the 1980s. Activities at Anchor Point included flying an aeromagnetic survey, beach sampling and the filing of OPPs with the State of Alaska. Uncertainties in the permitting process and a declining price of gold resulted in Aspen putting the project on hold.

Wall Street News Alert first initiated coverage of the company on March 29th, when it announced that it has signed an Earn-In agreement with Goldcorp Inc. through its Mexican subsidiary Glamis Exploration S.A. de C.V ("Goldcorp") and Corex Gold Corp. Goldcorp is the world's second largest gold company.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Hemis Corp! Dr. Douglas Oliver, Chief Geologist for Hemis, explains the rationale for exploration at Anchor Point: 'Gold has been known from the beaches around Cook Inlet for over a century. The gold is often associated with the mineral magnetite, which can be identified by geophysical surveys. Our review of the existing aeromag data suggests that the potential exists for off-shore gold deposits in the Anchor Point area.'

Dr. Oliver acknowledges that working in Cook Inlet, which has some of Earth's highest tides, will present some logistical challenges. However, he states that it also has some advantages: 'In Alaska you are always fighting the lack of infrastructure. However, Cook Inlet is located close to the main population center and the offshore nature of this project eliminates the need to build roads. The accessibility of this project was a key factor in our decision to pursue this.'

The stock closed Tuesday at Ninety-Five cents a share.

For Wall Street News Alert's in-depth and updated profile of Hemis Corporation, visit http://www.WallStreetNewsAlert.com/HotStocks/HMSO052907/default.aspx

In case you are not familiar with the company: Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. The company is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.

Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

IAMGOLD Corporation (NYSE: IAG) up 0.3% on 798,000 shares traded. IAMGOLD is the top mid tier gold producer with production of over 1 million ounces and the tenth largest gold company in the world. IAMGOLD is a strong believer in the outlook for gold and holds roughly US$90 million in physical bullion as currency diversification.

Kinross Gold Corp. (NYSE: KGC) down 0.8% on 3.6 million shares traded. Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North America and by reserves, the fifth largest in the world.

Newmont Mining Corporation (NYSE: NEM) down 0.08% on 6.6 million shares traded. Newmont is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company employs approximately 14,000 people, the majority of whom work at Newmont's core operations in the United States, Australia, Peru, Indonesia, and Ghana.

Market Commentary:

"Merger news: the Royal Bank of Scotland launched a bid for ABN Amro for $95.5 billion, higher than the all-stock offer from Barclays. Tishman-Spears is looking at acquiring Archstone-Smith, a $20 billion deal. The CEO of Bradley Pharmaceuticals says they want to take the company private, and Avaya jumped on news that a private equity firm is looking to buy it," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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