Homerun Resources Inc. Shareholder Update

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Homerun Resources Inc. provides a comprehensive shareholder update on their three-phase strategic growth plan. The company aims to become a leading energy and industrial materials company focused on high-purity quartz silica (HPQ Silica). HPQ Silica is a crucial material used in various industrial and commercial products, including solar systems and mobile devices. The U.S. Department of Energy's recent report emphasizes the importance of silicon, which is processed from HPQ Silica, in energy solutions. Homerun's three-phase plan involves securing a supply of HPQ Silica, developing infrastructure and logistics, and driving revenue through vertical integration.

Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Homerun Resources Inc. (TSXV: HMR) ("Homerun" or the "Company") today Brian Leeners, CEO provides a comprehensive shareholder update on the recent corporate developments within the execution of our three-phase strategic growth plan.

We hope this message finds you well. We are thrilled to share our vision and commentary on recent developments within our Strategic Plan. Our vision is to become a leading energy and industrial materials company built upon our supply of high-purity quartz silica (HPQ Silica).

Why HPQ Silica

Our modern society is built on materials. HPQ Silica, is one of these materials, and is used in multiple industrial and commercial products including many solutions in the energy and technology sectors. In the manufacture of solar systems, HPQ Silica is the basic material used to produce both polysilicon and solar glass. In the manufacture of mobile devices, HPQ Silica is used to produce both processing chips and interactive glass. Without HPQ Silica, there would be no solar energy generation and there would be no mobile devices. Global supplies of HPQ Silica are being exhausted much faster than they are being discovered, and if shoring up the supply of the world's second-most used commodity after water is not already front of mind for investors, governments, and regulators around the world, it will be soon.

The U.S. Department of Energy (DOE) recently published its 2023 Critical Materials Assessment, highlighting the undeniable importance of silicon in energy solutions like solar and storage. The DOE's report underscores the critical need for stable and reliable supplies of silicon. As stated previously, silicon is processed from HPQ Silica.

Homerun Three-Phase Plan

Homerun is more than a resource company; it is a Materials Company. A resource company mines silica. A Materials Company processes silica into industrial inputs like silicon and can extend its reach through the entire industrial vertical all the way to the end product or solution. Homerun has a Three-Phase Strategic Plan that will include the Company extending its reach into verticals specifically addressing the energy transition.

Phase One - HPQ Silica Supply

Homerun recently announced that the Company has successfully secured a substantial supply of HPQ Silica in Brazil. This exceptional resource can be efficiently processed to serve the premium end-markets for HPQ Silica. The strategic imperative under Phase One, was to secure a steady and reliable source of HPQ Silica against a backdrop of increasing global demand in sustainable industrial and green energy applications. The Company is now positioned in a massive critical minerals market and will benefit from the increasing demand for both HPQ Silica and the products and solutions produced from HPQ Silica.

Phase Two - Infrastructure and Logistics

HPQ Silica can be sold in its natural form, but to access many end-uses the raw sand is processed (washed, sized and upgraded) prior to its use in most industries. Under Phase Two of the Company's Strategic Plan, Homerun, has been focused on integrating infrastructure and logistics for the mining, transportation, storage and processing of its HPQ Silica. Announcements in this area will be forthcoming over the balance of the 3^rd and 4^th quarters of 2023.

Phase Three - Revenue and Vertical Integration

Homerun is driving toward revenue. Initial revenues will be tied to the delivery of sand in its natural form while we develop the infrastructure and logistics required to service the balance of those organizations requiring processed HPQ Silica. At the same time, we are executing research and development plans to secure competitive advantage either directly or via partnership in HPQ Silica verticals serving the Energy Transition. Announcements in this area will be forthcoming over the balance of 2023 and beyond.

Brian Leeners, CEO, stated, "We would like to extend our appreciation to you, our esteemed shareholders. Your unwavering support and trust have been instrumental in driving our Company forward. Together, we have embraced an opportunity to make a lasting economic, environmental, and social impact while fostering long-term value. As we continue to execute our Strategic Plan, rest assured that we will remain dedicated to our mission, diligently exploring new opportunities, and striving for excellence in all aspects of our operations. We are excited about the future and eager to share our continued progress and success with you. Thank you for your incredible support and belief in the Homerun Vision."

About Homerun Resources

Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176605

FAQ

What is the focus of Homerun Resources Inc.'s strategic growth plan?

Homerun Resources Inc.'s strategic growth plan focuses on becoming a leading energy and industrial materials company by leveraging their supply of high-purity quartz silica (HPQ Silica).

What are some applications of HPQ Silica?

HPQ Silica is used in the manufacture of solar systems, mobile devices, and other industrial and commercial products. It is the basic material for producing polysilicon, solar glass, processing chips, and interactive glass.

Why is securing a supply of HPQ Silica important?

Global supplies of HPQ Silica are depleting faster than they are being discovered. The U.S. Department of Energy's report highlights the critical need for stable and reliable supplies of silicon, which is processed from HPQ Silica.

What are the phases of Homerun Resources Inc.'s strategic plan?

Homerun Resources Inc.'s strategic plan consists of three phases: Phase One focuses on securing a supply of HPQ Silica, Phase Two involves integrating infrastructure and logistics for mining and processing, and Phase Three aims to generate revenue through vertical integration and research and development.

What is Homerun Resources Inc.'s CEO's message to shareholders?

Homerun Resources Inc.'s CEO expresses appreciation to shareholders for their support and trust. The company is dedicated to making a lasting economic, environmental, and social impact while striving for excellence in all aspects of operations.