Hemis Corp. announced that it has entered into a mineral exploration joint-venture agreement with Condor Gold Corp. on Hemis' Anchor Point Gold Project in the Cook Inlet area in Alaska. Pursuant to the agreement, Condor Gold Corporation may earn a 49%-undivided interest in and to Hemis' rights and title to explore and commercialize the Anchor Point Gold Project by paying $2,000,000 to Hemis within 12 months of the agreement. Condor Gold Corporation may increase its interest to 60% in the Anchor Point Gold Project by paying a further $2,000,000 within 24 months of the agreement. Hemis will continue to be the operator of the joint-venture. The Anchor Gold project is in the Cook Inlet of Alaska and is one of Hemis' premium exploration properties. A preliminary oceanographic was conducted in June, 2007 on the Anchor Gold project. The oceanographic survey indicated that the water depth in the area of interest was less than 10 meters in many of the areas of interest. This is an ideal water depth from the standpoint of future exploration. The magnetometer survey confirmed the position and strength of airborne magnetic surveys taken twenty years ago by Aspen Exploration.