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Distributed: Jan 18, 2008

Herald Resources Limited ASX: HER - Dairi Project Update And Takeover Comments - Mr Michael Wright, Executive Director

Sydney, Jan 18, 2008 (ABN Newswire) - Herald Resources (ASX: HER) is pleased to announce updated definitive feasibility study (DFS) results for the highgrade Dairi zinc/lead Project which confirms the robust economics of of the Project.

Audio webcast Link:

Listen to the Audio stream and view the announcement for Herald Resources Limited (ASX: HER) below.

http://abnnewswire.net/vlnk/I2R4BCMN

As previously stated, the DFS is based purely on the Anjing Hitam deposit, with no account taken of other deposits at the Project such as Lae Jehe (Resources of 6.5MT @ 11% Zn, 6% Pb) which is currently the subject of a pre-feasibility study.

Given these positive results, the Board of Herald is confident of the Project's ability to deliver strong returns for shareholders.

About Herald Resources Limited

Herald is a long established and well-regarded mining company, having been listed on the ASX for nearly 60 years. Initially mining and processing industrial clays, under the present management the Company diversified in the mid-80's into gold exploration. With its first mine in production in 1986, Herald has an enviable record of developing a new mine every 4 years on average since that time.