Hemisphere Gold Inc. Negotiating With Marken Capital Corp.

RENO, Nev., Nov. 30 /PRNewswire-FirstCall/ -- Hemisphere Gold Inc.
(Pink Sheets: HPGI), a gold exploration, property acquisition and mining
development company is currently negotiating with Marken Capital Corp
("Marken") for an extension on the acquisition agreement that was made in
November 2006.
Under the terms of the acquisition agreement for the Suriname project run
by Orion Resources NV ("Orion"), Hemisphere, through its major shareholder,
was to have provided US$2,000,000 funding to Orion by November 11th, 2007 or
the project would be returned to Marken's control. Hemisphere did not meet the
full funding requirement by November 11th and was granted an extension until
November 20th, 2007 to present an acceptable proposal to Marken for the
resolution of the matter. As Hemisphere has not been able to raise sufficient
capital to meet the US$2,000,000 requirement, in part due to recent
unauthorized release of information which has caused severe harm to the
Company, it has been negotiating with Marken for a further extension. Marken
has agreed to continue with negotiations however, should an agreement not be
reached then Marken will enforce its rights under the terms of the acquisition
agreement and take back the control of Orion Resources and all of its assets.
To date Hemisphere has provided approximately US$1,200,000 of the US$2,000,000
required.
The Company anticipates reaching an agreement within the next week or so
and will keep shareholders advised of any developments.
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 1700s. Suriname is an emerging major gold producer with
international companies showing interest. Hemisphere is committed to
maintaining environmental stewardship, occupational safety and corporate
responsibility.
For more information, please visit 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 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.
SOURCE Hemisphere Gold Inc.

Hemisphere Gold Inc. Investor Relations, 1-888-548-8444,
ir@hemispheregold.com