Hedman Announces Interim Update.

TORONTO -- HEDMAN RESOURCES LIMITED (TSX VENTURE:HDM) announced today an update on the status of its ongoing initiatives:

CRADA - The Albany Research Center ("ARC") of the United States Department of Energy ("US DOE") is actively engaged in completion of Phase Two of the CRADA. In April 2005, an update and preliminary finds was sent to Hedman and indicated positive progress and interim results. Nevertheless, ARC informed Hedman of some unexpected delays in the purchasing of specific equipment. However, Phase Two is nearing completion and representatives of Hedman will soon be attending the Oregon facility to witness a full run on the newly designed equipment line and to begin discussions for Phase Three CRADA pursuits, including patent applications.

CB RICHARD ELLIS - The International Mining Division of CBRE, Hedman's agent, has been authorized to proceed and solicit industry joint venture interest in the fiberization program. To date, information "teaser" circulars have been widely disseminated and a number of established companies have agreed to execute a Confidentiality and Non-Disclosure Agreement as a precondition to accessing an electronic databank.

KEITH TOWNSHIP ACQUISITION - Strathcona Mineral Services ("Strathcona") is acting as Hedman's consultant in the due diligence investigations of this pending acquisition. Reinhard Von Guttenberg, a senior geologist with Strathcona, attended on site to perform a visual and sampling program and the results of assay and related testing are expected in early July. Insofar as the on-site investigation was delayed by inclement weather conditions in Northern Ontario, and to accommodate Strathcona's scheduling demands, Hedman secured a 90 day extension of the due diligence conditional period from the vendors.

MUNRO/WARDEN EXPLORATION - Strathcona is acting as Hedman's consultant in its second tier investigation on the viability of its mining leases for potential precious and base metal deposits. Mr. Von Guttenberg attended on site in May of 2005 and the results of sample and related testing, now underway, are anticipated in July 2005. If warranted, and in consultation with Strathcona, Hedman will next consider either a full drilling and exploration program or a possible joint venture or leasing transaction with an established mining entity in the region.

CO2 PROJECT - Hedman is in the final stages of negotiations with Queen's University for a two-year research and development program on carbon dioxide sequestration and emission control systems related to its antigorite based serpentinite ore. This program is slated to begin in September of 2005 and will be supervised by Chris Pickles, a Ph.D. in chemistry and head of the mining research lab at Queens. Hedman and Queens intend to investigate a joint application for matching government funding for this project.

INVESTOR AND CORPORATE RELATIONS - Wertheim & Company Inc. ("RCI") has agreed to act as Hedman's consultant. RCI will assist management in designing and implementing promotional and relations programs highlighting Hedman's restructured operations, new initiatives and investment potential. RCI is a well known throughout the North American public securities' sectors and its services retained by many Fortune 500 companies.

"We are essentially seeing our stated objectives maturing along the timelines we imposed for 2005 and the budgets we predicted," commented Stephen A. Edell, President and CEO. "We are confident that these goals will converge in a meaningful way by early Q4 of 2005, to meet our restructuring deadlines, attract the investment capital we need and position the Company for growth and measurable fundamentals in 2006."

Historical information on the company, including earlier news releases and financial disclosure, may be viewed at www.sedar.com and at www.hedmanresources.com.

This news release may contain forward-looking statements, which are not historical facts, but are based on certain assumptions and reflect the company's current information and expectations. The forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The company disclaims any intention or obligation to update or revise forward-looking statements. Investors should not place undue reliance on forward-looking statements as a prediction of actual events.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.

Hedman Resources Limited (TSX VENTURE:HDM)