Hodgins Auctioneers Inc. - Grant of Options

    MELFORT, SK, Oct. 28 /CNW/ - Hodgins Auctioneers Inc.
(HA-TSX-V)(www.hodginsauctioneers.com)(the "Corporation") a provider of
professional auction services wishes to advise that the Corporation has
granted 60,000 stock options to Investor Relations Manager, Lauren Epp with an
exercise price of $0.20 per common share for a term of two years. The options
will be subject to a four month hold and will vest in equal amounts on a
quarterly basis over the first 12 months. The option agreement is subject to
the approval of the TSX Venture Exchange Inc.

    About Hodgins Auctioneers Inc.

    Headquartered in Melfort, Saskatchewan, for more than 50 years, Hodgins
Auctioneers is a provider of professional auction services. Hodgins is
renowned for its experienced auctioneers, award-winning promotions, dependable
results and commitment to providing the ultimate marketplace for the sale of
assets by auction.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00016723E

For further information:

For further information: Lauren Epp, Investor Relations Manager, Hodgins
Auctioneers Inc., Tel: (403) 585-0866, Email: lauren@hodginsauctioneers.com,
Website: www.hodginsauctioneers.com

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Hodgins Auctioneers Inc.

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