HMZ Announces Final Closing Under Private Placement

TORONTO, ONTARIO, Jun 06 (MARKET WIRE) --
HMZ Metals Inc. ("HMZ" or the "Company") (CNQ: HMZA) announced a final
Closing of $30,000 under its non-brokered private placement of
Convertible Debentures (the "Debentures"). The Company paid a finders fee
equal to $1,200 in cash and issued 30,000 Finder's warrants to purchase
common shares in connection with the above. HMZ raised a total of
$261,500 under the private placement.

The Debentures are non-interest bearing and are convertible into Units on
a dollar for dollar basis. Each Unit is priced at $0.05 and consists of
one common share and one-half common share purchase warrant. Each full
warrant is exercisable at $0.10 for the first twelve months from Closing
and at $0.20 for the second twelve months from Closing. A finder's fee
consisting of a cash payment equal to 8% of the cash raised under the
Debentures and that number of warrants to purchase common shares at $0.05
for a term of two years, that is equal to 10% of the number of Units
issuable on conversion of the Debentures is payable as applicable.
Conversion of the Debentures will occur subsequent to and therefore not
be subject to a 5:1 share consolidation which share consolidation is
subject to shareholder and regulatory approval. Proceeds from the
Debentures will be used to fund working capital requirements.

Contacts:
HMZ Metals Inc.
Kerry Smith
(416) 214-3270 ext 222
Website: www.hmzmetals.com

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