Mr. Nicholas Rodway reports

HM EXPLORATION ANNOUNCES CLOSING OF LIFE FLOW-THROUGH PRIVATE PLACEMENT OFFERING

HM Exploration Corp. has closed its previously announced non-brokered listed issuer financing exemption (LIFE) private placement offering by issuing 2,955,666 flow-through (FT) units of the company at 50.75 cents per LIFE FT unit for gross proceeds of $1,500,000.50. Each LIFE FT unit comprises one common share in the capital of the company and one common share purchase warrant. Each LIFE FT share was issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Each LIFE warrant is exercisable to acquire one additional common share of the company at an exercise price of 75 cents for a period of 24 months from the date of closing.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the LIFE offering was made to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities issued under the exemption are not subject to a hold period in accordance with applicable Canadian securities laws.

The company intends to use the gross proceeds of the LIFE offering to advance the exploration of the company's Lewis Pilley's project, located in Newfoundland. The proceeds from the sale of the LIFE FT units will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) and flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act for purposes of the critical mineral exploration tax credit. Such expenses will be incurred on or before Dec. 31, 2027, and renounced to the subscribers with an effective date no later than Dec. 31, 2026.

About HM Exploration Corp.

The company is currently advancing the Devil's Den project, an exploration-stage property consisting of two contiguous claims totalling approximately 3,200 hectares on Vancouver Island, B.C. Exploration work completed in 2022 established four geochemical grids to identify possible buried mineralization, uncovering multiple high-grade occurrences, including copper values up to 4.68 per cent at surface (Devil's Den National Instrument 43-101, November, 2022). Phase 1 exploration completed in 2025 included high-resolution UAV (unmanned aerial vehicle) magnetic surveying and a lithogeochemical program, which identified new structural targets and zones of elevated copper, zinc and nickel geochemistry. The project hosts multiple historical adits with high-grade surface occurrences that remain undrilled. HM believes a lack of adequate modern exploration has left significant discovery potential.

The company also controls the Lewis Pilley's project in Newfoundland, a 42.25-square-kilometre land package hosting a cluster of volcanogenic massive sulphide (VMS) systems and the historic Pilley's Island mine (approximately 450,000 tonnes of ore produced in the late 1800s). Historical drilling at the 3B zone returned significant intersections, including 16.77 metres of 1.84 per cent copper (Cu) and 3.05 metres of 5.03 per cent zinc (Zn), with 1.02 grams per tonne (g/t) gold (Au) (Au Pell, 1989). The geological setting is directly analogous to the prolific Buchans camp, with multiple underexplored showings and strong potential for new discoveries.

HM Exploration is committed to applying modern exploration techniques across its projects to unlock value in historically underexplored Canadian mining districts.

We seek Safe Harbor.