Hornby Bay Announces Closing of Private Placement

Hornby Bay Mineral Exploration Ltd. (the "Company") (TSX VENTURE:HBE) announces
that it has closed a non-brokered private placement (the "Offering") consisting
of 1,000,000 flow-through units (the "FT Units") of the Company at a price of
$0.10 per FT Unit, for aggregate gross proceeds of $100,000. The Company plans
to use the proceeds of the Offering to upgrade the camp at its Nunavut
Properties to comply with environmental regulations.


Each FT Unit is comprised of one common share (a "Common Share") in the capital
of the Company and one Common Share purchase warrant (each whole warrant, a
"Warrant") of the Company. Each Warrant is exercisable to purchase one Common
Share at a price of $0.20 per Common Share for a period of two years following
the closing of the Offering. 


The securities issued pursuant to the Offering are subject to a four-month hold
period and the Offering remains subject to final acceptance by the TSX Venture
Exchange.


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 release. 


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.


Shares Outstanding: 52,785,150

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hornby Bay Mineral Exploration Ltd.
Maurice Colson
President and Chief Executive Officer
[phone]
www.hbe.stocknetwork.com