Hemlo Explorers Announce Acceleration of Falcon Lake Option Contract, The Canadian Business Journal

TORONTO, OCTOBER 26, 2022 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) announced that First Energy Metals Limited (“First Energy”), Falcon Lake, on January 12, 2022 It claims as announced in a dated press release. First Energy will issue his 500,000 shares of First Energy as full and final payment of this option agreement, in cash he will pay $70,000. In recognition of early payment, the Company has agreed to waive its remaining work commitments.

Bryan Howlett, CEO of the company, said: Given the current focus on projects in the Hemlo area, these claims were not considered core assets. “

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of assets in Ontario and Nunavut. We are focused on creating shareholder value through the promotion of key projects in his Hemlo region such as Project Idaho, Pic Project and North Limb.

For more information, please contact:

Brian Howlett, President and CEO
Hemlo Explorers Inc.
[email protected]
+1 (647) 227-3035

http://www.hemloexplorers.ca

Forward-Looking Statements

Certain information contained in this news release includes exploration results, mineralization potential, descriptions of mineral resources, and research and development of their properties. These forward-looking statements are subject to a number of risks and uncertainties. Certain of which include, but are not limited to, the impact of general economic conditions, industry conditions, commodity price volatility and related risks. Exploration results and estimates uncertainty, currency fluctuations, reliance on regulatory approvals, additional funding uncertainties, exploration risk, Covid-19 pandemic-related orders The reader understands that the assumptions used in the preparation of such information, which were believed to be reasonable at the time of preparation, may prove to be inaccurate and therefore should not be used as forward-looking statements. Please do not place undue reliance on it.

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