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HORNBY BAY EXPLORATION LIMITED
April 15, 2004 - Symbol: HBE (TSXV) HORNBY BAY MANAGEMENT APPOINTMENTS George Bell, President and CEO of Hornby Bay is pleased to announce the appointments of David Bent as Vice President Exploration and Ian Shaw as Vice President Finance and CFO.Mr. David Bent, the newly appointed Vice President Exploration, has over 30 years of experience with both major and junior companies from both coasts of Canada to over a dozen other countries. He has been involved in a number of discoveries and will oversee Hornby Bay's uranium and diamond exploration development in Nunavut. Mr. Ian Shaw, Vice President Finance and CFO, brings 34 years of senior executive experience in the exploration and mining industry in accounting, finance, mergers, divestures, and regulatory compliance. Currently, he is an officer and director with other TSX-listed companies. In connection with recent management changes a total of 525,000 options to purchase common shares of the Company at an exercise price of $0.35 have been granted to incoming officers of the Company. Hornby Bay Exploration Limited is a Toronto based company with active exploration programs focused on uranium and diamonds on its 221 mineral claims covering 225,491 hectares (543,433 acres) in the Hornby Basin and Asiak River regions of Nunavut and the Northwest Territories.
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