Hemlo Explorers Inc. announced that it has received its exploration permit for Project Idaho from the Ontario Ministry of Mines. The Company would like to recognize the Biigtigong Nishnaabeg First Nation for their cooperation and support of the permitting process. The Company, after a very productive 2022 exploration season, will begin a drill program in late June 2023.

Exploration results from airborne VTEM geophysics, prospecting, mapping, geochemical soil sampling, grab sampling, and rare-earth element geochemical analysis combined to inform an extensive targeting exercise. Soil and rock geochemistry from 2022 field surveys align with geophysical signatures, VTEM and a north to south linear magnetic low, which is analogous to the Marathon PF-Cu Deposit setting. A Coldwell Complex-Archean boundary is interpreted along this magnetic low trend favourable for gabbroic Pd-Cu deposition.

Phase 1 of the drill program for 2023 will focus on the priority targets along the north-south trending VTEM anomaly on the western side of Project Idaho, within the boundary of the Coldwell Complex and proximal to Generation Mining's Marathon Pd-Cu project. The Company also intends to begin a prospecting and mapping program on the eastern side of Project Idaho where further VTEM anomalies were identified in 2022. The program will initially consist of prospecting, grab sampling, and mapping.