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HM.CN ·

HM Exploration Grants Incentive Stock Options

Share Capital & Compensation

HM Exploration Corp.

#1450 – 789 West Pender Street

[email protected]

+1 (709) 682-9123

CSE: HM

HM Exploration Grants Incentive Stock Options

July 30, 2025

Vancouver, B.C. – HM Exploration Corp. (“HM Exploration” or the “ Company”) (CSE: HM) is pleased to

announce that it has granted an aggregate of 1,300,000 stock options (the “Options“) to members of its

board of directors, management team and a consultant of the Company. The Options are exercisable at a

price of $0.23 per common share for a term of ten (10) years, vesting in four (4) equal tranches over four

(4) years. The Options are governed by the terms of the Company’s Equity Incentive Plan and the Options,

and any common shares issued upon the exercise of, are subject to a four month hold period from the

date of grant in accordance with the policies of the Canadian Securities Exchange.

ABOUT HM EXPLORATION CORP.

HM Exploration Corp. (HM) 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 exploration project that consists of two contiguous claims totaling 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 Cu values of up to 4.68% at surface (Devil’s Den NI 43-101,

Nov 2022). 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.

On Behalf of the Board

HM EXPLORATION CORP.

“Nicholas Rodway”

CEO & Director

+1 (709) 682-9123

[email protected]

FORWARD LOOKING STATEMENTS

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans,

expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding -looking

wording such as "may", "expect", "estimate", "anticipat e", "intend", "believe" and "continue" or the negative thereof or similar

variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be

incorrect. Events or circumstances may cause actual re sults to differ materially from those predicted, as a result of numerous

known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but

not limited to, business, economic and capital market con ditions, the ability to manage operating expenses, dependence on key

personnel, that certain exploration methods, including the Company’s proposed exploration model for the Devil’s Den p roject,

HM Exploration Corp.

#1450 – 789 West Pender Street

[email protected]

+1 (709) 682-9123

CSE: HM

may be ineffective or inadequate in the circumstances, that competitive, governmental, geopolitical, environmental and

technological factors may affect the Company's operations and markets, that the Company’s specific plans and timing thereof

may change, that the Company may not have access to or be able to develop any minerals because of cost factors, type of terrain,

or availability of equipment and technology, and that the Company may not be able to raise sufficient funds to carry out or

complete its plans. Such statements and information are based on numerous assumptions regarding present and future business

strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals.

Factors that co uld cause the actual results to differ materially from those in forward -looking statements include, the continued

availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss o f key

employees and consultants, and general economic, market or business conditions. Forward -looking statements contained in this

news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any

forward-looking information.

The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.