Mr. Brian Howlett reports

HEMLO EXPLORERS ANNOUNCES APPROVAL OF $200,000 OJEP GRANT

Hemlo Explorers Inc. has been selected to receive grant funding of up to $200,000 under the Ontario junior exploration program (OJEP) from the Ontario government. This amount will cover up to 50 per cent of eligible exploration costs to a maximum of $200,000 in respect of expenditures incurred by the company during the period from April 1, 2023, to Feb. 15, 2024. The company also received a $200,000 OJEP grant for the 2022 exploration program.

"The mineral sector is vital to northern prosperity and early exploration is a priority for Ontario," said George Pirie, Minister of Mines. "Supporting junior mining companies like Hemlo Explorers not only builds up the mining sector but also improves our global competitiveness and demonstrates to the world that Ontario's mining sector is open for business."

"We would like to thank the Ontario government for the approval for funding under the OJEP program. We look forward to utilizing these funds to augment the recent successful capital raise by the company," commented Brian Howlett, president and chief executive officer of the company.

Through the OJEP, the Ontario government is investing in early exploration to create meaningful opportunities for junior companies to find the mines of the future. Incentivizing early exploration will help the province remain globally competitive, find new deposits of critical minerals, and create new economic development and job opportunities for northern and indigenous communities.

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. The company is focused on generating shareholder value through the advancement of the company's main Hemlo area, including Project Idaho, the Pic project and the North Limb.

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