Hybrid Releases Update on Share Option Agreement

Hybrid Minerals Inc.

700-838 West Hastings St.

Vancouver, BC, V6C 0A6

NEWS RELEASE

Hybrid Releases Update on Share Option Agreement

Vancouver, British Columbia – March 31, 2021 – Hybrid Minerals Inc. (TSX-V: HZ) (Frankfurt: HM4)

(“Hybrid” or the “Company”) reports that it has received conditional acceptance from the TSX Venture

Exchange (the “Exchange”) on the Share Option Agreement, as announced on March 1, 2021, whereby

the Company may acquire a 100% interest in the Horse Heaven Project. The Company is working

towards satisfying the requirements needed to obtain final approval from the Exchange and close the

transaction, which is expected in the second quarter of 2021.

On Behalf of the Board

“Drew Zimmerman”

Drew Zimmerman

Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for historical information contained herein, this news release contains forward -looking statements that

involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable

securities laws, the Company will not update these forward-looking statements to reflect events or circumstances

after the date hereof. More detailed information about potential factors that could affect financial results is

included in the documents filed from time to time with the Canadian securi ties regulatory authorities by the

Company.