Hermes Financial Inc.



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
    SERVICES/

    CALGARY, March 14 /CNW/ - Hermes Financial Inc. ("Hermes") is pleased to
announce that it has successfully completed its initial public offering
through Pacific International Securities Inc. of 10,000,000 common shares at a
price of $0.10 per share for aggregate gross proceeds of $1,000,000.
    Hermes has received conditional listing approval for its common shares on
the TSX Venture Exchange Inc. (the "Exchange") and expects that once it
completes its application for listing, trading will commence shortly
thereafter under the symbol "HFI.P". Investors are cautioned that trading in
the securities of a capital pool company should be considered highly
speculative.

    Hermes is a capital pool company governed by the policies of the
Exchange. Hermes's principal business is the identification and evaluation of
assets or businesses with a view to completing a Qualifying Transaction.

    
       THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
                     ADEQUACY OR ACCURACY OF THIS RELEASE
    




For further information:

For further information: Christopher F. Yee, President, Telephone: (403)
617-8786, Facsimile: (403) 226-1507

Organization Profile

HERMES FINANCIAL INC.

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