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Hemisphere Gold Discovers a Series of Gold Anomalies Trending North-South for Over 20 km.

Company Reports on Initial Stream Sediment Sampling Program

RENO, Nev. -- Hemisphere Gold Inc. (PINK SHEETS:HPGI), a gold exploration, property acquisition and mining development company, is pleased to announce initial stream sediment sampling results at its South American property in Suriname, which point to a number of gold anomalies with individual sample values up to 25,000 ppb gold.

Hemisphere Gold's wholly owned subsidiary "Orion Resources NV" ("Orion") started the first phase of successive exploration activities at primary or bedrock gold occurrences in its concessions, with an extensive stream sediment-sampling program. In this program only the geologically potential gold area was included. The stream sediment-sampling program was divided in several field periods of 6 weeks. The concessions are located partly in the district of Brokopondo where the creeks flow into the Blommenstein reservoir, forming part of the drainage area of the Suriname River, and the district of Sipaliwini where the creeks are part of the drainage area of the Marowijne River.

On the Brokopondo permit the initial stream sediment sampling program has returned a series of highly anomalous gold values from within the mafic/ultramafic metavolcanic belt along a north-south topographic high.

Orion has discovered a series of gold anomalies trending north-south for over 20 km. The anomalies, disclosed by a regional stream sediment geochemical survey, occur within a volcanic-sedimentary greenstone belt forming part of the gold-rich Guiana shield.

The coincidence of the trend with mafic volcanics following the topographic height of land suggests a nearby bedrock source. The strongest anomalous zone extends over an area of 8 sq. km with individual sample values up to 25,000 ppb gold, in contrast to a mean background value of 19 ppb. The new trend occurs within 3 km of a gold vein investigated in 1997 which assayed 8,200 ppb gold (0.24 oz/ton) across 1 meter.

The strongest anomalous zone extends over an area of eight square kilometers with 23 samples returning from 110 to 25,800 ppb gold (0.75 oz/ton), in contrast with a mean background value of 19 ppb. Re-analysis of 15 anomalous stream sediment samples has returned values of silver up to 21.6g, nickel up to 520ppm, copper up to 100ppm, and zinc up to 152ppm. This anomalous ridge of land forms a watershed for Suriname's historic Sara Kreek placer gold producing area. Since the late 1800's, river dredges and sluice operations have worked the river that flows along the western flanks of this ridge.

Grids have been prepared for follow up detailed surveys to outline discovery zones. The regional survey, which covered 100 sq. km, is being extended over the balance of the greenstone belt within the 700 sq. km permit area.

About the Company

Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world's best gold districts. The Company's objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company's flagship property is in Suriname, a democratic country which has had mining operations since the 1700's. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.

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This press release may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, risks associated with mining exploration, risks of governmental legislation and regulation, risks associated with technological changes, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition.
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Publication:Business Wire
Date:Feb 5, 2007
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