Hemis Completes First Phase Gold Exploration Program in Alaska

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Hemis Corporation (OTCBB:HMSO) (FWB:XZA) is an international resource company with three advanced stage exploration projects in Mexico and one in Alaska. The Anchor Gold project in the Cook Inlet of Alaska is a venture between Hemis and Aspen Exploration Corporation (OTCBB: ASPN). Hemis is the operator of the Anchor Gold project.

Cook Inlet is a difficult place to work at any time of the year and Autumn can be especially tricky. The professionalism that was shown by all of the parties involved was the primary reason for this program's success.

    The emphasis of the Anchor Gold project is exploring for gold in offshore deposits along the eastern margin of Cook Inlet. Previous work by Aspen Exploration documented offshore aeromagnetic anomalies in addition to confirming the presence of gold along the active beaches. Due to the size of the project area, Hemis believes that the Anchor Gold project could have great potential.

Permits were issued by Federal and State of Alaska agencies to allow for exploration in September and early October. Two exploration programs were run concurrently. A geophysical survey consisting of a fathometer, side-scan sonar and a sparker survey was conducted by Watson Geophysics. The goal of the sparker survey was to image the shallow subsurface sediments. Concurrently, a shallow coring program was conducted by Kinnetic Labs using a Vibracore (R) drill rig. The Vibracore system uses a vibrating drill head to penetrate through unconsolidated sediments. Vessels for both programs were provided by Ocean Explorers.

Both programs were planned to coincide with low tides that occurred near the end of September. While the geophysical survey was completed during this window, high seas thwarted the Vibracore drilling. The drilling program was put on hold for a week and resumed during the next low tide cycle in October. Ultimately, cores were recovered from 11 of the 15 target areas. "I have nothing but good things to say about all of our consultants and contractors that enabled this program to happen," said Dr. Douglas Oliver, Chief Geologist of Hemis. "Cook Inlet is a difficult place to work at any time of the year and Autumn can be especially tricky. The professionalism that was shown by all of the parties involved was the primary reason for this program's success."

Gravels made up the basal sediments in 9 of the 11 cores recovered. "These are the first samples that have been recovered from the offshore magnetic anomalies," Dr. Oliver commented. "Some of us have been wondering for over twenty years what we would discover down there. Finding gravel is encouraging as gold particles are typically associated with coarse sediments in placer deposits."

The samples will undergo size sorting analysis and heavy mineral separation at Alaska Assay Labs in Fairbanks, Alaska. The heavy mineral fraction will undergo visual examination for gold particles as well as fire assay. The results will be used to determine the course of future exploration.

About Hemis Corporation

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. Hemis Corporation 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.

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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Norman Meier
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