Homerun Resources Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 750,000 on May 31, 2022. Each unit consists of one common share and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of CAD 0.25 for 12 months. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above CAD 0.50 for a period of 10 consecutive trading days.

Finders' fees in accordance with TSX Venture Exchange policies may apply to the transaction. All the securities to be issued in the transaction will be subject to a statutory four-month hold period.