If you can get your hands on good old 'Amway' Wonder Mist.... You won't regret it.
Says on the spray can (235g) "Spray lubricant and corrosion inhibitor for home and industrial use. Lubricates locks, hinges, windows, sliding doors, gears, springs, precision tooks, small motors, toys, bicycles and sporting equipment. Penetrates quickly to loosen corroded nuts, bolts, fasteners and screws. OUTSTANDING CORROSION & RUST INHIBITOR that keeps metal parts looking and operating like new. Stops squeaks & reduces friction. Moisture retardant forumlae."
I wouldn't go past this product. Spray it on, leave it for about 15 minutes, spray a dot more, and (so it doesn't damage the board) tap the top of the hammer and turn at the same time until it loosens - Worked a charm for my board screws.
Good luck!
Elizabeth Bate - Wello Kiter