Hodgins Auctioneers Retains Contact Financial for Investor Relations

    MELFORT, SK, March 25 /CNW/ - Hodgins Auctioneers Inc. (HA: TSX-V) (the
"Company" or "Hodgins") is pleased to announce that Contact Financial
Corporation of Vancouver, B.C. has been retained to provide Hodgins with
investor relations and other communications services. Contact Financial will
focus on increasing the Company's exposure to both professional and retail
    Contact Financial has been engaged under a service contract having an
initial term of three months for $8,000 per month plus GST and will be
reimbursed for expenses that have been pre-approved by Hodgins. At the end of
the three months, service will be provided on a month-to-month basis. The
Company will grant 150,000 stock options to Contact Financial with an exercise
price of $0.25 for a term of two years, pursuant to the Company's stock option
plan and the rules of the TSX Venture Exchange. The options will be subject to
a four month hold and vest in equal amounts on a quarterly basis over 12
months. The agreement is subject to acceptance by the TSX Venture Exchange.

    About Hodgins Auctioneers Inc.
    Headquartered in Melfort, Saskatchewan, for nearly 50 years, Hodgins
Auctioneers has provided professional auction services for clients across
North America and consistently ranks among the 100 largest companies in the
Province. Hodgins is renowned for its experienced auctioneers, award-winning
promotions and dependable results, resulting in a database of nearly 100,000
motivated and qualified buyers from across Canada and the United States.

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

    %SEDAR: 00016723E

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; Peter
Murray, Contact Financial Corp., Tel: 1-866-689-7422, Email:
pete@contactfinancial.com, Website: www.contactfinancial.com

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Hodgins Auctioneers Inc.

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