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

Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to provide a second update to the previously announced 2,000-meter auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil.

The program commenced on May 22nd, 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 the 27th of May. As of July 22, 140 auger holes for 1401.59 m have been completed.

Map of the auger drilling program to July 22th, 2024

“These MRE 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 meter 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%, by UC Davis were collected from the surface of our concessions.”, says Brian Leeners, CEO of Homerun.

The first three batches of its drillhole assays from the Project has been received from SGS Geosol in Brazil which included the following 134 assays, which includes two internal Certified Reference Materials (CRM), two duplicates and two blanks (the CRMs, duplicates and blanks all assay within 99 % of expected values and the QP accepts the SGS assay data).

Table 1: Highlight intervals from holes drilled to date on the Belmonte Project in Brazil (98 % cut-off grade). More detailed information of the assay results from the holes is set out in Table 3 below. Internal QA/QC was performed by Homerun inserting a Certified Reference Material (CRM) in every batch, (AMIS0865) which assayed within 99 % of the expected SiO2 value of the CRM. The QP therefore accepts the values of the laboratory assays. The intervals are regarded as true width.

HOLE_IDFROMTOSiO2 (%)
HMCB240010999.43
HMCB24002010.9399.39
HMCB2400301199.09
HMCB240040899.45
HMCB24005010.8599.23
HMCB240061499.06
HMCB240070699.32
HMCB2400811199.46
HMCB2400919.899.79
HMCB2401011199.59
HMCB240111999.56
HMCB2401218.0799.38
HMCB240130599.27
HMCB2401407.8399.28
HMCB240151799.49
HMCB2401609.2199.19
HMCB240171899.66
HMCB2401801199.54
HMCB2401907.7999.57
HMCB2402011199.79
HMCB24021110.8599.70
HMCB2402208.6399.60
HMCB2402301199.73
HMCB2402401199.44
HMCB240250399.48
HMCB2402607.7999.53
HMCB2402701099.56
HMCB2402811199.56
HMCB240290999.54

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

The table below present all (SiO2) (%) assay results obtained so far from the Belmonte Property.

Table 2: Silica assays from all drillholes completed to date on the Belmonte Project in Brazil. Samples taken according to visual grade estimation in one meter increments. Where visual grade was regarded as continuous, sampling was completed up to a maximum of 5 m increments. Internal QA/QC was performed by Homerun inserting a Certified Reference Material (CRM) in every batch, (AMIS0865) which assayed within 99 % of the expected SiO2 value of the CRM. The QP therefore accepts the values of the laboratory assays. The intervals are regarded as true width.

Hole_IDFromToSiO2 (%)
HMCB240010198.55
HMCB240011299.73
HMCB240012399.5
HMCB240013499.8
HMCB240014599.6
HMCB240015699.64
HMCB240016799.88
HMCB240017899.5
HMCB240018998.64
HMCB240020198.3
HMCB240021299.64
HMCB240022399.69
HMCB240023499.74
HMCB240024599.75
HMCB240025698.7
HMCB240026799.67
HMCB240027898.68
HMCB240028999.84
HMCB2400291099.54
HMCB240021010.9399.81
HMCB240030198.79
HMCB240031299.36
HMCB240032398.45
HMCB240033498.64
HMCB240034599.16
HMCB240035699
HMCB240036799.33
HMCB240037899.37
HMCB240038999.59
HMCB2400391099.43
HMCB24003101198.92
HMCB240040198.84
HMCB240041699.54
HMCB240046899.54
HMCB240048997.94
HMCB240050198.76
HMCB240051499.55
HMCB240054697.93
HMCB240056799.56
HMCB2400571099.7
HMCB240051010.8599.66
HMCB240060197.09
HMCB240061499.06
HMCB240064597.72
HMCB240065892.65
HMCB240068991.88
HMCB2400691193.31
HMCB240070198.43
HMCB240071699.5
HMCB2400761199.77
HMCB240080197.14
HMCB240081699.4
HMCB2400861199.52
HMCB240090197.92
HMCB240091699.79
HMCB2400969.899.8
HMCB240100197.61
HMCB240101699.7
HMCB2401061199.48
HMCB240110197.7
HMCB240111699.5
HMCB240116999.66
HMCB240120196.72
HMCB240121699.44
HMCB2401268.0799.24
HMCB240130198.13
HMCB240131599.55
HMCB240140198.08
HMCB240141699.4
HMCB2401467.8399.61
HMCB240150197.93
HMCB240151699.48
HMCB240156799.52
HMCB240160198.75
HMCB240161699.5
HMCB240166797.63
HMCB2401679.2199.41
HMCB240170197.56
HMCB240171699.64
HMCB240176799.67
HMCB240177899.75
HMCB240180198.58
HMCB240181699.56
HMCB2401861199.71
HMCB240190198.15
HMCB240191699.76
HMCB2401967.7999.85
HMCB240200197.42
HMCB240201699.82
HMCB2402061099.76
HMCB24020101199.78
HMCB240210197.34
HMCB240211399.92
HMCB240213498.36
HMCB240214699.87
HMCB24021610.8599.82
HMCB240220198.71
HMCB240221599.66
HMCB2402258.6399.79
HMCB240230198.19
HMCB240231699.91
HMCB2402361199.86
HMCB240240198.57
HMCB240241699.69
HMCB2402461199.37
HMCB240250198.8
HMCB240251399.82
HMCB240253490.7
HMCB240254592.22
HMCB2402551096.99
HMCB24025101196.95
HMCB240260198.61
HMCB240261699.69
HMCB2402667.7999.58
HMCB240270199.62
HMCB240271699.76
HMCB240276799.66
HMCB240277899.57
HMCB240278998.62
HMCB2402791099.37
HMCB240280199.66
HMCB240280198.69
HMCB240281699.57
HMCB2402861199.54
HMCB240290198.05
HMCB240291699.81
HMCB240296999.59
HMCB2402991189.02

Table 3: 140 auger drill holes completed until July 22th, 2024 for 1401.59 [U1] m on the Belmonte silica project in Brazil. All holes are drilled at -90 degrees dip (vertical).

Hole IDX (WGS84)Y (WGS84)Z Height (m)End of Hole (m)
HMCB24001459776824192912811
HMCB24002459781824183111910.93
HMCB24003459669824191613811
HMCB24004459670824182812911
HMCB24005459577824183013410.85
HMCB24006459573824194014311
HMCB24007459473824192713210.08
HMCB24008459445824184212711
HMCB2400945947082417311219.8
HMCB24010459369824192812711
HMCB2401145936482418461249
HMCB2401245937382417531178.07
HMCB2401345926982419271285
HMCB2401445926882418311267.83
HMCB2401545926882417281237
HMCB2401645917782419341349.21
HMCB2401745907582419341408
HMCB24018459065824182914311
HMCB2401945907782417291407.79
HMCB24020459174824183513311
HMCB24021459172824173613210.85
HMCB2402245917782416221318.63
HMCB24023459172824153313111
HMCB24024459178824142813211
HMCB24025459078824162613911
HMCB2402645907582415291397.79
HMCB24027459075824143114011
HMCB24028459170824133613111
HMCB24029458976824152014711
HMCB24030458971824162414511
HMCB24031458960824172314111
HMCB24032458978824182513911
HMCB24033458968824192814411
HMCB24034459274824142912111
HMCB24035459276824152612511
HMCB24036459280824162912211
HMCB2403745937082416301159
HMCB24038459366824153311611
HMCB24039459372824142611611
HMCB24040459473824162711511
HMCB24041459473824152611110.42
HMCB24042459472824142811311
HMCB2404345957282417271296
HMCB24044459578824163112511
HMCB24045459574824152611311
HMCB24046459674824172612811
HMCB2404745967482416261258
HMCB2404845967482415261227.69
HMCB24049459774824172611611
HMCB24050459774824162611511
HMCB2405145977482415261205
HMCB24052459874824172610611
HMCB24053459874824182611011
HMCB24054459874824192612211
HMCB240554599748241726884
HMCB24056459974824182610511
HMCB24057459974824192611711
HMCB2405846007482419261228
HMCB2405946007482418261127.76
HMCB24060460074824172610511
HMCB2406146017482419261188.83
HMCB24062460174824182610611
HMCB2406346017482417269810.66
HMCB24064458874824152615411
HMCB2406545877482415261659.54
HMCB2406645887482416261499.82
HMCB24067458774824162615911
HMCB24068458874824172614511
HMCB24069458874824182613911
HMCB24070458874824192614111
HMCB2407145877482417261509.63
HMCB24072458774824182614411
HMCB24073458774824192614611
HMCB24074460674824052612811
HMCB24075460774824052612710.61
HMCB24076460674824042612811
HMCB2407746077482404261279.61
HMCB24078460674824032613011
HMCB24079460774824032612811
HMCB24080460674824022612411
HMCB24081460774824022612111
HMCB24082460674824012612511
HMCB2408346077482401261227
HMCB24084460674824002612111
HMCB24085460774824002612311
HMCB24086460674823992611810
HMCB2408746077482399261228
HMCB24088460674823982612311
HMCB24089460774823982612611
HMCB2409046077482397261268
HMCB24091460774824082612011
HMCB2409246067482407261277
HMCB2409346077482407261247
HMCB24094460574824062611211
HMCB24095460674824062612911
HMCB24096460774824062612611
HMCB24097460574824052611611
HMCB24098460474824042611811
HMCB24099460574824042612411
HMCB2410046047482403261267.65
HMCB2410146057482403261298.47
HMCB24102460174824022611210
HMCB24103460274824022611111
HMCB24104460374824022611810
HMCB24105460474824022612511
HMCB24106460574824022612411
HMCB24107460174824012611311
HMCB24108460274824012611411
HMCB24109460374824012611611
HMCB24110460474824012612111
HMCB24111460574824012612111
HMCB24112460174824002611311
HMCB2411346027482400261136
HMCB2411446037482400261206.52
HMCB24115460474824002612011
HMCB24116460574824002611911
HMCB24118460174823992610511
HMCB24119460274823992610911
HMCB24120460374823992611510
HMCB24121460474823992611411
HMCB24122460574823992612011
HMCB24123460274823982610911
HMCB24124460374823982611411
HMCB24125460474823982611311
HMCB24126460574823982612011
HMCB24127460274823972610411
HMCB24128460374823972611011
HMCB24129460474823972611511
HMCB2413046057482397261208
HMCB24131460174824032610411
HMCB24132460074824022611211
HMCB24133460074824012611311
HMCB24134460074824002610911
HMCB2413546037482404261074.8
HMCB24136460374824032611510
HMCB241374602748240526876
HMCB241384602748240426968
HMCB24139460274824032610211
HMCB24140460174823982610110.75
HMCB2414246027482396261005

Ultimately, the Homerun Resources Geology team aims to use the information generated by this drilling program to issue a 43-101 compliant Mineral Resource Estimate.

The drilling program is part of Homerun’s commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), 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”, says Armando Farhate, COO 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 (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company’s “Qualified Person” as defined by NI 43-101.

About Homerun Resources (https://homerunresources.com/)

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 Inc. is poised to make a lasting impact in these industries.

On behalf of the Board of Directors of

Homerun Resources Inc.

“Brian Leeners”

Brian Leeners, CEO & Director

[email protected] / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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