SOURCE: Hemisphere Gold Inc.

November 15, 2007 13:14 ET

Hemisphere Gold Provides Shareholder Update on Corporate Affairs

Company Committed to Key Principals and Fundamentals Through Ethical Stewardship

RENO, NV--(Marketwire - November 15, 2007) - Hemisphere Gold Inc. (PINKSHEETS: HPGI), a gold exploration, property acquisition and mining development company, is pleased to provide a shareholder update and details on its corporate operations.

The Company is committed to providing information to its shareholders, and in recent months has posted information at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=HPGI#getFilings

These filings include:

--  Legal Opinions
--  Financial Statements
--  Company Information and Disclosure Statements
--  Bylaws and incorporation documents
    

The Company is also now working on its latest financial statements, and expects them to be posted on PinkSheets.com in the very near future. These statements are being produced by the management team, including the Company's CFO Riaz Sumar, who is a Certified General Accountant.

The Company is also now in the process of establishing its Corporate Governance Policies and plans to have them available on PinkSheets.com within the next two weeks.

Finally, Hemisphere is adopting an Environmental Code of Ethics, whereby internal policies are being implemented and will be enforced to minimize the company's 'footprint' on the planet.

Ted Pomerleau, President of Hemisphere, stated, "We decided early on to provide data to the public, and being transparent to our shareholders is a key pillar of our internal policies. We are committed to the highest possible standards of openness, honesty and accountability, and are bound by specific laws and regulations as set under the Securities Exchange Commission."

The Company has also been made aware of emails being sent out that are promotional in nature. Hemisphere Gold Inc. emphatically states that it has not sanctioned the emails nor does it have any information on their source.

Any person who has received such an email is cautioned to get professional investment advice before purchasing shares in the Company, and to read all of the available information that has been provided by the Company.

About the Company

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

For more information, please visit http://www.hemispheregold.com/

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 dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition..