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HORNBY BAY EXPLORATION LIMITED
September 20, 2004 - Symbol: HBE (TSXV) HORNBY BAY GRANTS $1.6 MILLION STOCK OPTIONS Hornby Bay Exploration Limited (TSXV:HBE) wishes to announce that it has granted an aggregate of 1,600,000 options to purchase common shares of the Company exercisable at a price of $0.60 per share for a period of five years, to the directors, officers, employees and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.The grant of options is subject to regulatory approval, including the approval of the TSX Venture Exchange.
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