Hedman to Acquire Additional Antigorite Deposits.

TORONTO -- HEDMAN RESOURCES LIMITED (TSX VENTURE:HDM) announced today that it has contracted to purchase by way of assignment a series of mining claims in Keith Township, Ontario, from three Timmins area prospectors.

Preliminary assays and testing tabled by these prospectors confirm a serpentine deposit of an antigorite concentration similar to Hedman's deposits at Horwood Lake and suggesting an attractive magnesium/iron ratio highly suitable for the Company's fiberization demands.

The consideration for this transaction is $50,000 at closing (inclusive of a $10,000 deposit) plus an annual royalty fee until 2010 of .50 per extracted ton of antigorite and a 10% of profit fee on any precious and base metals discovered and ultimately marketed directly or through joint venture.

This transaction is subject to a series of conditions in favour of the Company including appropriate confirmations and approvals from the Ontario Ministry of Northern Development and Mines, independent assays and testing reports to establish the composition, projected quantity and legally free chrysotile content of the antigorite deposits, verification of immediate rail and road access and the approval of the Company's board of directors.

Hedman has 120 days to satisfy due diligence conditions, with a closing anticipated within 30 days thereafter.

"This is a vital, timely and most fortunate acquisition for our Company," said Stephen A. Edell, president, CEO and managing director, "and significantly expands our primary business initiative and long-term viability and growth models. These deposits are proximate to those that are the subject of our ongoing fiberization research and development with the United States Department of Energy. If these deposits prove suitable, Hedman will not only have intensified its monopoly on this unique antigorite ore, but will vastly increase reserves to further legitimize and broaden future business and joint venture opportunities."

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Hedman Resources Limited (the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Company with securities regulatory authorities to which recipients of this press release are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Hedman Resources Ltd. (TSX VENTURE:HDM)