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Ritchie Bros. Announces Upcoming Unreserved Auction in Thunder Bay Featuring Forestry and Construction Equipment

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THUNDER BAY, ONTARIO - (CCNMatthews - May 16, 2007) - Ritchie Bros. Auctioneers (TSX:RBA)(NYSE:RBA), the world's largest auctioneer of industrial equipment, is holding an unreserved industrial auction in Thunder Bay on Thursday, June 28, 2007. Although sale day is six weeks away, the public auction already features more than 150 items of industrial equipment and trucks, including a comprehensive selection of forestry equipment: log trailers and rigging, feller bunchers, skidders, tree chippers, and chip trailers. The Thunder Bay auction features a complete dispersal for a local construction company, John Buchanan & Sons Ltd.

"This is our first auction in Thunder Bay since 2002, and we're happy to be back with a great range of quality equipment for interested buyers in the area," said Brian Dykstra, Ritchie Bros. Area Manager. "We've got a good assortment of late model, heavy spec truck tractors, and a lot of late model, well-maintained logging equipment. But there's room for more-we'll be adding equipment until auction day."

Each year, Ritchie Bros. conducts more than 175 unreserved industrial auctions throughout the world. Like all Ritchie Bros. auctions, the Thunder Bay auction will be unreserved-meaning everything sells to the highest bidder on sale day, regardless of price. There are no minimum bids or reserve prices. Everything is sold "as is, where is." Registration is free and there are no buyers' premiums.

Owners of industrial equipment and trucks can contact the Thunder Bay auction site if they are interested in placing their surplus equipment in the sale on June 28. Interested buyers can find more information and photos of items in the auction on the Ritchie Bros. web site, www.rbauction.com, or they can visit the Thunder Bay auction site in person to "kick the tires" on the equipment in the sale.

The auction site is located at 2714 W. Arthur St., RR #2, Thunder Bay, Ontario. The site is open daily at 8 a.m. to allow interested bidders to inspect and test the equipment before the auction.

BID ONLINE - Interested buyers who are unable to attend the Thunder Bay auction in person are able to bid online, live and in real time, using the Ritchie Bros. internet bidding service, rbauctionBid-Live. Internet bidders must register online before auction day at www.rbauction.com (at least 2-3 business days is recommended for first-time registrants).

About Ritchie Bros.

Ritchie Bros. is the world's largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a web site at www.rbauction.com.

Website: www.rbauction.com



 
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