Release: Herald Resources: Takeover offer from Bumi / Discussions with other parties

(17 January 2008)--The company has been conducting management briefings for interested parties this week and site visits have been schedule for next week.

The target statement with the directors' recommendation will be sent to shareholders by the 23rd of January 2008 and shareholders are advised take no action with respect to the PT Bumi offer before they receive and have considered the recommendation in the target statement

PT Bumi conditional offer remains open until the 15th February 2008. (end of release)