Hornby Bay Announces $55,000 Convertible Promissory Note Financing

Hornby Bay Mineral Exploration Ltd. (TSX VENTURE:HBE) ("Hornby Bay" or
"Company") announces that it has issued a CDN$55,000 principal amount unsecured
convertible promissory note (the "Note"). The Note will bear interest at a rate
of 9% per annum, calculated annually and will be due two years from the date of
issuance. Each $0.10 of the principal amount of the Note is convertible into
units, each unit consists of one common share ("Common Share") in the capital of
the Company and one Common Share purchase warrant ("Warrant"). Each Warrant,
when issued, is exercisable to purchase one Common Share at a price of $0.20 per
Common Share on or before June 4, 2016. 


The securities issued in connection with the loan are subject to a statutory
four month hold period from the date of issuance.


The proceeds of the Financing will be used for general working capital purposes.

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.


Shares Outstanding:  57,959,989

FOR FURTHER INFORMATION PLEASE CONTACT: 
James Brady
President and CEO
[phone]