Homerun Resources Inc. announced that the Company has started its 2,000-meter MRE auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil. The company has secured the services of a local contractor for the execution of the 2,000- meter drill program, and work commenced on May 20, 2024. The MRE geology team, comprising the Company QP and two local geologists, will oversee the execution of the drill program, with support from the company's Management team.

The samples obtained during the drill program will be sent to SGS Geosol for chemical analysis. The Homerun Geo team aims to use the information generated by this drill program to issue a 43-101 compliant Mineral Resource Estimate (MRE). The drilling program is part of Homerun's commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the parties.