Hornby Bay Announces $100,000 Unsecured Promissory Note Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


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, among other things,
the Financing and the use of proceeds therefrom. Since forward-looking
statements address future events and are based on assumptions including that,
among other things, the Financing will be successful and all regulatory
approvals required in connection therewith will be obtained on a timely basis,
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: volatility in the financial markets;
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.


Shares Outstanding: 57,785,100

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hornby Bay Mineral Exploration Ltd.
Maurice Colson
President and CEO
[phone]