Hodgins Auctioneers Inc./Bingo Management Ltd. Agree to Terminate Letter of

CALGARY, June 25 /CNW/ - Hodgins Auctioneers Inc. (HA-TSX.V) & Bingo Management Ltd. have agreed to terminate their Letter of Intent dated April 13, 2010. Hodgins Auctioneers Inc. & Bingo Management Ltd. have released and discharged each other from any obligations. Both parties are now free to pursue other mergers, acquisitions, or transactions of a similar nature.

About Hodgins Auctioneers Inc.

Headquartered in Melfort, SK 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Hodgins Auctioneers Inc.

For further information: For further information: Barrie Jung, President and CEO, Hodgins Auctioneers Inc., Tel: 1-800-667-2075, Fax:(306) 752-5702, Email: barrie@hodginsauctioneers.com; Website: www.hodginsauctioneers.com

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Hodgins Auctioneers Inc.

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