American Eagle Gold Coins

American Eagle Gold Coins

Hemis Announces Joint Venture with Monte Cristo Gold Corporation at El Tigre

LAS VEGAS (Business Wire EON) November 7, 2007 -- Pursuant to the agreement, Monte Cristo Gold Corporation may earn a 49%-undivided interest in the Hemis' interest to explore and commercialize the El Tigre project by paying USD$2,000,000 to Hemis within 12 months of the agreement. Monte Cristo Gold Corporation may increase its interest to 60% in the El Tigre project by paying a further USD$2,000,000 within 24 months of the agreement. Hemis will continue to be the operator of the joint-venture.

The El Tigre project is located in the south-eastern Sonora along the Sonora Major gold-silver belt and its' Mojave Sonora Mega-Shear. The region has been mined for gold for over one hundred years. The area where the El Tigre property is located is 1,600 meters above sea level and is located on a hill. It lies approximately 250 km east of Hermosillo, the capital of Sonora. The project also includes the adjacent Porvenir mineral concessions.

The area surrounding the mineral properties has breccia zones, breccia dikes and quartz veins, which stretches to the southeast and is said to contain not only gold but significant quantities of silver as well.

Hemis has completed its phase one drilling program and has discovered metal values in two holes that justify a second drilling program to gain further information of a possible gold and molybdenum discovery. Hemis has already drilled three of the five known gold-bearing breccia zones and the initial results have been very positive.

Norman Meier, President & CEO of Hemis, states, "We are committed to developing the El Tigre project in Sonora, Mexico. The partnership with Monte Cristo Gold Corporation gives Hemis a strong financial partner that will help advance a highly prospective area in our portfolio of properties."

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 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, the company has extensive international capital markets experience and a proven track record.

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 Hemis' filings with the Securities and Exchange Commission.



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