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Hybrid Releases Update on Share Option Agreement

Vancouver, British Columbia – March 31, 2021 – Hybrid Minerals Inc. (TSX-V: HZ) (Frankfurt: HM4) (“Hybrid” or the “Company”) reports that it has received conditional acceptance from the TSX Venture Exchange (the “Exchange”) on the Share Option Agreement, as announced on March 1, 2021, whereby the Company may acquire a 100% interest in the Horse Heaven Project. The Company is working towards satisfying the requirements needed to obtain final approval from the Exchange and close the transaction, which is expected in the second quarter of 2021.

On Behalf of the Board

Drew Zimmerman

Drew Zimmerman
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

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