VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- HM Exploration Corp. ("HM Exploration" or "HM" or the "Company") (CSE:HM), is pleased to announce that it has closed its previously announced non-brokered listed issuer financing exemption private placement offering (the "LIFE Offering") by issuing 2,955,666 "flow-through" units (the "LIFE FT Units") of the Company at $0.5075 per LIFE FT Unit for gross proceeds of $1,500,000.50. Each LIFE FT Unit is comprised of one common share in the capital of the Company (a "LIFE FT Share") and one common share purchase warrant (a "LIFE 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 $0.75 for a period of twenty-four (24) months from the date of closing.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), 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 "Exemption"). 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) (the "Tax Act") 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 December 31, 2027, and renounced to the subscribers with an effective date no later than December 31, 2026.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent ...