Mr. Nicholas Rodway reports

HM EXPLORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $998,979.85 CAD

HM Exploration Corp. has closed its non-brokered private placement previously announced on Oct. 22, 2025, and has issued 9,081,635 units, at a price of 11 cents per unit, for aggregate gross proceeds of $998,979.85. Each unit comprises one common share of the company and one-half of one transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share at an exercise price of 16 cents for a period of 36 months from the closing date.

The company will use the proceeds from the offering toward exploration on the company's properties and/or for general working capital purposes.

The offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as Nicholas Rodway, the chief executive officer and a director of the company, subscribed for an aggregate of 281,001 units for aggregate proceeds of $30,910.11. The company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 with respect to the insider participation in the offering as the fair market value of the consideration of the securities issued to the related party did not exceed 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the participation of the insiders in the offering at least 21 days before closing of the offering as the participation of the insider was not determined at that time.

All securities issued in connection with the offering are subject to a statutory hold period of four months and one day.

About HM Exploration Corp.

HM Exploration is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Canada. The company is currently advancing the Devil's Den project, an exploration-stage exploration project that consists of two contiguous claims totalling approximately 3,200 hectares, located on Vancouver Island, British Columbia. The project hosts multiple historical adits with high-grade surface occurrences that remain undrilled. The company also entered into an option agreement to acquire the Pilley's Island copper project, located in Newfoundland, Canada. The Pilley's Island project hosts a cluster of volcanogenic massive sulphide (VMS) systems and prospects with demonstrated high-grade zinc-lead-copper-silver intersections.

We seek Safe Harbor.