HGD 27/09/2007 OFFICE REL: 1701 HRS Heritage Gold NZ Limited...

HGD
27/09/2007
OFFICE

REL: 1701 HRS Heritage Gold NZ Limited

OFFICE: HGD: Trent Lash Appointed Executive Director

Heritage Gold NZ Limited is pleased to announce that chief executive Trent
Lash has today been appointed as managing director of the company.

Heritage Gold chairman Geoffrey Hill says: "I am delighted to announce
Trent's appointment as managing director of Heritage Gold. It is our
intention over the next two years to upgrade our existing prospects, develop
new opportunities and build a company that rewards its shareholders through
steady, sustained uplift in value."

Trent has an extensive background in the resources sector having built two
resource-related companies from the ground up. Over the past 15 years he has
been instrumental in transforming and restructuring companies for venture
capital and private equity groups in both Canada and New Zealand.

Trent says: "It is my intention over the next twelve months to improve the
marketability and commercial objectives of the company and realise the
underlying asset value of the company. Heritage plans to develop its existing
Coromandel gold prospects at Waihi, realize the value in its cobalt resource
at Broken Hill, Australia and validate the prospectivity of its Northern
Territory uranium interests."

"In the next twelve months we plan to undertake underground drilling of the
Talisman Mine project to bring it to a stage that would either engender
interest in joint venture development of the mine or provide us with a
platform to crystallize its value for our shareholders." The historic
Talisman Mine produced more than 1 million ounces of gold and 3 million
ounces of silver prior to its closure in 1992.

"We have set our sights firmly on developing our Broken Hill cobalt prospect
and expect to make an announcement as consultants reports become available in
the next few months," Trent says.

Heritage is currently in discussion with a number of parties interested in
securing cobalt concentrates. The spot price of cobalt has risen recently to
US$30 per pound, up from about US$20 per pound a year ago.

"We understand that we must change the market perception of the company by
developing well-conceived corporate strategies and executing on them. My
suggestion is to 'watch this space''.

Heritage Gold will provide further information to shareholders once the
overall strategic business plan has been finalised.

For further information please contact:

Trent Lash M: 021 424 898
Chief Executive Officer
Heritage Gold