Mr. Nicholas Rodway reports

HM EXPLORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Further to its Jan. 10, 2025, news release, HM Exploration Corp. has closed its non-brokered private placement of flow-through shares for aggregate proceeds of $140,000. The company has issued, on a flow-through basis under the Income Tax Act (Canada), 1.4 million FT shares at a price of 10 cents per FT share for gross proceeds of $140,000. The gross proceeds from the sale of the FT shares will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada), related to the company's Devil's Den project located in British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares effective Dec. 31, 2025.

The offering constitutes a related party transaction, within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, as: (i) Nicholas Rodway, the chief executive officer and a director of the company, subscribed for an aggregate of 700,000 FT shares for aggregate proceeds of $70,000; (ii) Joshua Vann, a director of the company, subscribed for an aggregate of 150,000 FT shares for aggregate proceeds of $15,000; and (iii) Alan Lu, corporate secretary and a director of the company, subscribed for an aggregate of 50,000 FT shares for aggregate proceeds of $5,000. The company relied on the exemptions from the formal 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 for 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 insiders 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.

National Instrument 43-101 disclosure

Nicholas Rodway, PGeo (licence No. 46541) (permit to practice No. 100359), chief executive officer and a director of the company, is a qualified person as defined by NI 43-101. Mr. Rodway has reviewed and approved the technical content in this release.

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 project that consists of two contiguous claims totalling approximately 3,200 hectares, located on Vancouver Island, British Columbia. The company conducted an exploration program on the project in 2022, and four geochemical grids were established to identify possible buried mineralization in areas of possible anomalous gold, copper and other minerals. Multiple high-grade mineral occurrences were uncovered, including copper values of up to 4.68 per cent at surface. The project hosts multiple historical adits with high-grade surface occurrences that remain undrilled. HM Exploration believes that there has been a lack of adequate modern exploration techniques applied to the project in the past, and this presents the opportunity for significant new discoveries.

We seek Safe Harbor.