Mr. Brian Leeners reports

HOMERUN RESOURCES INC. PROVIDES SECOND UPDATE ON BELMONTE SILICA DISTRICT 2000M MRE DRILLING PROGRAM

Homerun Resources Inc. has provided a second update to the previously announced 2,000-metre auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil.

The program commenced on May 22, 2024, as scheduled. The contractor began drilling with one mechanical auger rig and one team and added a second team and mechanical auger rig on May 27. As of July 22, 140 auger holes for 1,401.59 metres have been completed.

"These [mineral resource estimate] results are as anticipated based on our knowledge of the homogeneous nature of the high-purity silica in the Belmonte silica sand district. Generally, once the drill gets through the first metre of silica sand from the surface, the purity typically improves and remains very consistent to total depth. Depth is limited by the physical limitations of the auger drill, meaning the silica sand generally continues beyond the depths drilled in this program. What provides added excitement is the fact the silica sand samples processed to 99.999 per cent by UC Davis were collected from the surface of our concessions," said Brian Leeners, chief executive officer of Homerun.

The first three batches of its drillv hole assays from the project have been received from SGS Geosol in Brazil, which included the following 134 assays, which includes two internal certified reference materials, two duplicates and two blanks (the CRMs, duplicates and blanks all assay within 99 per cent of expected values, and the qualified person accepts the SGS assay data).

SGS Geosol uses the ICM42Q assay method, which is performed on pure SiO2 samples. The technique includes a multiacid (HCl, HNO3, HCLO4 and HF) digestion with ICP-OES/ICP-MS finish.

The attached tables present all (SiO2) (per cent) assay results obtained so far from the Belmonte property.

Ultimately, the Homerun geology team aims to use the information generated by this drilling program to issue a National Instrument 43-101-compliant mineral resource estimate.

The drilling program is part of Homerun's commitment under its partnership with Companhia Baiana de Pesquisa Mineral within the scope of the 40-year lease agreement between the parties.

"The drilling program is advancing at a very good pace, and the intense integration between our field geos and QP is being crucial to deal with all events in the field. Deliverables will most certainly be achieved by this drilling program," said Armando Farhate, chief operating officer of Homerun.

Qualified person

Nico Scholtz is a consulting geologist, and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered professional natural scientist with the South African Council for Natural Scientific Professions (PrSciNat No. 400299/07). Mr. Scholtz is the company's qualified person as defined by NI 43-101.

About Homerun Resources Inc.

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

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