HBE Hornby Bay Mineral Exploration Ltd

Hornby Bay Mineral Exploration Ltd. (the "Company") (TSX VENTURE:HBE) announces
that is has issued a secured debenture dated November 1, 2012 (the "Debenture")
in favour of Beverley Brady (the "Holder") in the principal amount of $1,500,000
and bearing interest at 3% per annum, calculated annually and maturing on
November 1, 2017 (the "Maturity Date"). The Company may extend the Maturity Date
to November 1, 2022.


As security for the Debenture the Company has granted a security interest to the
Holder over its 5% net smelter return royalty on certain parts of the
Similkameen Copper Mine located in British Columbia. 


The Holder is the spouse of James M. Brady, a significant shareholder of the
Company who, together with the Holder, owns 19,377,759 common shares of the
Company representing approximately 34.1% of the outstanding common shares of the
Company. The Company is relying on exemptions from the formal valuation and
minority shareholder approval requirements of Multilateral Instrument 61-101
based on financial hardship and the fact that the common shares of the Company
are listed on the TSX Venture Exchange. A material change report in connection
with the issuance of the Debenture will be filed less than 21 days before the
issuance of the Debenture. This shorter period is reasonable and necessary in
the circumstances as the Company wished to immediately improve its financial
position. 


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.


Shares Outstanding: 56,785,150

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hornby Bay Mineral Exploration Ltd.
Maurice Colson
President and Chief Executive Officer
(416) 727-3966
www.hbe.stocknetwork.com

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