Boralex Inc. — Capital/Financing Update 2020

Feb 13, 2020

217 Queen Street West, Suite 401 Toronto, Ontario M5V 0R2

==> picture [135 x 114] intentionally omitted <==

HORNBY BAY ANNOUNCES GRANT OF STOCK OPTIONS

Toronto, Ontario – February 13, 2020 - Hornby Bay Mineral Exploration Ltd. (the “ Company ”) (TSXV:HBE) announces that it has granted an aggregate of 1,800,000 options to purchase common shares of the Company exercisable at a price of $0.07 per share for a period of 5 years from the date of issuance to a director of the Company. The common shares issuable upon exercise of the options are subject to a four month and one day statutory hold period from the original date of grant.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Arvin Ramos, Chief Financial Officer Tel: (416) 271-3877

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.