Mr. Brian Leeners reports

HOMERUN RESOURCES INC. CONDITIONAL PURCHASE AGREEMENT BELMONTE SILICA CONCESSION

Homerun Resources Inc. has executed a binding letter agreement dated Nov. 1, 2023, between Homerun and Aristoteles Chaves da Silva (ACS), for the conditional purchase of the Belmonte silica concession in Belmonte, Bahia, Brazil, near the Port of Ilheus. The Belmonte silica concession comprises 69.4 hectares in the Belmonte silica district and is contiguous to concessions that are known to contain district quality silica sand. The purchase is another step in the company's continuing strategy to expand its presence within the district. The proposed terms and conditions of the agreement between the parties are as follows:

• Homerun will make a cash payment to ACS of $10,000 (U.S.) within 10 days of the execution date.
• Homerun will have until March 31, 2024, to evaluate the concession and that evaluation will consist of a 200-metre percussion drill program to be conducted within the boundaries of the concession.
• If the evaluation drilling confirms that 99.5 per cent or higher quality silica is contained in over 25 per cent of the concession, Homerun will make a second payment to ACS of $40,000 (U.S.) and ACS will transfer 100 per cent of the concession to Homerun.
• If the evaluation drilling does not confirm that 99.5 per cent or higher quality silica is contained in over 25 per cent of the area of the concession, Homerun will make no further payment to ACS and ACS will transfer one hundred percent of the concession to Homerun.

About Homerun Resources Inc.

Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability and building shareholder value, Homerun Resources is poised to make a lasting impact in these industries.

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