HBE Hornby Bay Mineral Exploration Ltd

Hornby Bay Mineral Exploration Ltd. (TSX VENTURE:HBE) ("Hornby Bay") is pleased
to announce that it intends to complete a best efforts non-brokered private
placement financing (the "Financing") of up to $100,000 principal amount of
unsecured promissory notes ("Notes").


The Notes are due 18 months from the date of closing of the Financing and bear
interest at a rate of 9.0% per annum, payable monthly. The Notes are senior in
rank to all other indebtedness of Hornby Bay.


In addition, each lender shall be issued 2,000 common shares of Hornby Bay for
every $1,000 principal amount of Notes subscribed for in the Financing.


The proceeds of the Financing will be used for general working capital purposes.
The securities issued pursuant to the Financing will be subject to a statutory
four month hold period. The Financing is subject to certain conditions
including, but not limited to, the approval of the TSX Venture Exchange and
customary closing conditions.


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 News Release. 


This News Release includes certain forward-looking statements which are based on
information currently available to management of Hornby Bay, and Hornby Bay
provides no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe Hornby
Bay's future plans, objectives or goals, including words to the effect that
Hornby Bay or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan", and include statements made herein with respect to the use of proceeds
from the Financing. Since forward-looking statements address future events and
are based on assumptions relating to, among other things, the use of proceeds
from the Financing, by their very nature they involve inherent risks and
uncertainties, and thus actual results could differ materially from those
currently anticipated in such statements for many reasons such as: changes in
demand and prices for minerals; litigation and other judicial and regulatory
developments; and other matters discussed in this News Release. This list is not
exhaustive of the factors that may affect any of Hornby Bay's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Hornby Bay's forward-looking statements.
Hornby Bay does not undertake to update any forward-looking statement that may
be made from time to time by it or on its behalf, except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hornby Bay Mineral Exploration Ltd.
James Brady
President and CEO
(416) 361-2823

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