Announcement • Jun 30

HM Exploration Corp. Discovers New Blind Massive Sulphide Lens At Lewis Pilley’S Project

HM Exploration Corp. has completed an additional three holes as part of the phase one drilling program at the Company’s Lewis Pilley’s Project, located in Newfoundland, Canada. Holes six, seven, and eight have successfully intersected massive sulphide including a new blind discovery of massive sulphide mineralization at a drill core depth of approximately 155 m. Multiple mineralized intervals encountered displaying varying types of mineralization ranging from disseminated – semi-massive – massive sulphide, including: PI-26-006 from 11.43 – 13.62m down-hole; 2.19m drilled length. PI-26-007 from 7.00 – 28.00m down-hole; 21.00m drilled length. PI-26-007 from 176.85 – 179.00m down-hole; 2.15m drilled length. PI-26-008 from 15.00 – 28.00m down-hole; 13.00m drilled length. PI-26-008 from 163.45 – 170.22m down-hole; 6.77m drilled length. The identification of a second sulphide lens below the previously recognized upper debris-flow horizon supports the interpretation of a vertically extensive VMS system and provides a new exploration target for follow-up drilling. Assays pending; HM looks forward to providing updates as drilling continues. Drilling was focused on evaluating the continuity of the mineralized system below known surface showings and along strike of Clifford Jones Zone to improve the Company’s understanding of the geological controls on mineralization. Visual observations from drilled holes indicate that the upper targeted copper-bearing debris flow was successfully intersected, with zones of alteration and massive to semi-massive sulphide mineralization observed in the drill core. Drill holes 7 and 8 have successfully intersected a new lower mineralized sulphide lens that was previously undiscovered. The lower-lens appears more massive indicating that the geometry of this lens may assist with vectoring towards the source vent(s). Core samples have been submitted to the laboratory for analysis. Assay results will be released once they have been returned to the Company. All three holes from this release intersected a wide range of massive, semi-massive and disseminated sulphide mineralization over the following drill core lengths: PI-26-006 from 11.43 – 13.62m down-hole; 2.19m drilled length. PI-26-007 from 7.00 – 28.00m down-hole; 21.00m drilled length. PI-26-007 from 155.31 – 155.97m down-hole; 0.66m drilled length. PI-26-007 from 176.85 – 179.00m down-hole; 2.15m drilled length. PI-26-008 from 7.55 – 12.52m down-hole; 4.97m drilled length. PI-26-008 from 15.00 – 28.00m down-hole; 13.00m drilled length. PI-26-008 from 163.45 – 170.22m down-hole; 6.77m drilled length. Mineralization can be described as clast-dominated debris zones consisting of sub-angular to angular fragments of massive sulphide (~85% of intercept) composed of Cpy + Py ± Sph ± Gn suspended in interstitial fine-grained disseminated sulphides (Py + Cpy ± Sph ± Gn) and milled felsic ± mafic rock. Matrix-dominated debris flow composed of fragments of sub-rounded to angular clasts of massive sulphide (Py + Cpy ± Sph ± Gn) and felsic ± mafic lithic fragments suspended in a matrix of fine-grained sulphide (Py + Cpy ± Sph ± Gn) and milled felsic ± mafic rock. The Company cautions that the presence of visible sulphides and visual estimates of mineral abundance are not indicative of grade and should not be considered a substitute for laboratory analysis. Assay results are pending. Drill collar locations were determined from hand-held GPS (NAD83-Zone 21N) and the drill rig was aligned using a Reflex TN-14 Gyrocompass alignment tool. All samples are given a unique sample ID and number and shipped directly to Eastern Analytical Ltd., a commercial laboratory that is ISO/IEC 17025 accredited and completely independent of the company. Analytical methods include ICP-OES (34 element) with four-acid digestion, Au Fire Assay (30g) with AA finish, and Ore Grade Assay (multi-acid digestion) with AA finish. The Company inserts standard, blank, and duplicate samples as part of its standard QA/QC procedures. Nicholas Rodway, P.Geo, is CEO and Director of the Company, and a qualified person as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects. Mr. Rodway has supervised the preparation, verified and approved the technical content in this news release. Verification included review of drill logs, sample tags, chain of custody procedures and analytical protocols. No limitations were noted during the verification process.

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