HORNBY BAY EXPLORATION LIMITED

SUITE 700 - 357 BAY STREET,
TORONTO, ONTARIO M5H 2T7
PHONE: (416) 368-0114         FAX: (416) 368-0198

November 16, 2004 - Symbol: HBE (TSXV)
Shares Outstanding: 65,549,008
CLOSE: November 15, 2004: $0.45

HORNBY BAY MANAGEMENT APPOINTMENT

George Bell, President and CEO of Hornby Bay is pleased to announce the appointment effective December 1, 2004 of Vadim Galkin, Ph.D., D.Sc. as Senior Geologist reporting to David Bent, Vice President Exploration.

Mr. Galkin brings to the company 18 years of field experience and applied research in structural geology and physical modeling used for targeting mineral deposits. Over the last three years, Mr. Galkin has worked on the INCO-NSERC project at the University of Toronto to create a 3-dimensional geological/geochemical model of the world-class Ni-Cu-PGE Creighton Deposit in Sudbury, Ontario. At Hornby Bay, Mr. Galkin will develop a geological/geochemical model of the company’s Nunavut uranium claims containing data from drillhole logs, geochemical, geophysical and airborne surveys.

In announcing Mr. Galkin’s appointment, Mr. Bell stated: "that in its 2004 field work, the company was searching for signs of similar characteristics to those found in high grade Athabasca Basin type uranium deposits and that the company is pleased to have discovered the following similarities:

  • the location of six new significant radioactive occurrences in Hornby Bay sandstone;
  • over 140 anomalous (greater than 4 ppm) uranium assay results from sandstone rock samples;
  • the finding of three new zones of intense clay alteration in the sandstone; and
  • the intersection of thick intervals of graphitic metasediments in the basement rocks below the sandstone.
Vadim will play a key role in modelling the above data along with the historical BP Mineral data from the 1970’s and earlier company data".

Hornby Bay Exploration was incorporated in 1996 as a uranium exploration company and in the April/September 2005 period will continue its aggressive uranium exploration in the Hornby Bay Basin located in western Nunavut.


For further information contact:
George P. Bell
President & CEO
Hornby Bay Exploration Limited
Tel: 416-368-0114
Fax: 416-368-0198
Website: www.hornbybay.com


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