Homerun Resources Inc. Executes Binding Term Sheet with Institutional Investor for $6 Million Financing

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that it has executed a binding term sheet with an arm's length institutional investor (the "Investor") in connection with a proposed financing for $6,000,000.00 (CAD) (the "Offering"). The Offering will consist of the issuance of 6,000,000 units of the Company (the "Units") at a price of $1.00 (CAD) per Unit. The Offering proceeds from the Investor will be deposited with a third-party escrow agent and delivered to the Company in monthly tranches of $250,000 (CAD) over the next 24 months, pursuant to the terms and conditions of a sharing agreement and an escrow agreement to be dated and executed on the closing of the Offering. Additional details about the Offering structure will be provided in the closing news release.

Each Unit shall be comprised of one (1) common share ("Shares") of the Company and one (1) common share purchase warrant ("Warrant"). The Shares will be released from escrow in equal installments of 212,225 Shares over the 24-month period from the closing date, with each release contingent upon the corresponding cash payment being delivered to the Company. Each Warrant shall be exercisable for a period of three (3) years. Of the 6,000,000 Warrants to be issued, 1,500,000 Warrants shall be exercisable at an exercise price of $1.18 (CAD). The remainder of the Warrants will be released from escrow in equal installments over a 24-month period. Each Warrant will have an exercise price equal to a 20% premium to the volume-weighted average trading price (VWAP) of the Company's shares on the TSX Venture Exchange for the five trading days immediately preceding the date of each release. The Warrants will also include an equity blocker provision that prohibits the holder from exercising any portion of the Warrants if such exercise would result in the holder owning more than 9.99% of the Company's outstanding Shares.

The Investor will receive a corporate finance fee of $360,000, payable via the issuance of 360,000 Shares on the terms noted above.

The Company intends to rely on the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions for the Offering, and the Shares and Warrants will not be subject to restrictions on resale. There will be an offering document related to the Offering that will be available under the Company's profile at www.sedarplus.ca and at www.homerunresources.com. Prospective investors should read this offering document before making an investment decision. Closing of the Offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.