HANNAN METALS LTD ORD - HANNF STOCK NEWS

Hannan Metals (HANNF) has discovered a significant 1.2 km chargeability anomaly at its Sortilegio copper-gold porphyry prospect within the Valiente project in Peru. The discovery includes two key features: a shallow structural target with high-chargeability anomalies extending 600m along north-south structures, and a deep porphyry target stretching 1.2 km in length from 250m to 500m below surface.

The Sortilegio prospect is part of a 9.3 km long copper-gold district at Belen, which includes the Vista Alegre epithermal system and Ricardo Herrera copper-gold porphyry. The company has received approval for 13 drilling platforms and plans to commence drilling in Q2 2025.

The prospect features an exposed Miocene alkalic copper-gold porphyry system with zoned mineralization. Systematic soil sampling has revealed a central copper anomaly surrounded by gold, zinc, and lead values. The central mineralized zone measures 350m × 350m with high-density stockwork veining.

Hannan Metals has discovered a significant chargeability anomaly at the Ricardo Herrera copper-gold porphyry project in Peru. The main anomaly measures 1,000m by 250m, mapped to 350m depth, and correlates with surface mineralization and a positive magnetic anomaly. A second parallel target has been identified with dimensions of 400m length by 200m width.

The discovery features outcropping porphyry-style mineralization within a multi-stage calc-alkalic intrusion, showing strong phyllic and intermediate argillic alteration over 800m x 250m. The project has received approval for fourteen drill platforms, with inaugural drilling scheduled for Q2 2025.

The geophysical survey revealed chargeability values ranging from 12ms to 15ms with peaks up to 26ms in the main anomaly, while the parallel target shows values from 8ms to -26ms. The site is located within 2km of the recently announced Vista Alegre epithermal target.

Hannan Metals has identified a significant IP anomaly at the Vista Alegre epithermal prospect within its Valiente copper-gold project in Peru. The discovery reveals two distinct types of anomalies: a high chargeability - low resistivity zone extending over 2.4 km strike with up to 0.23 ppm gold in soils, and high chargeability - high resistivity zones over 1 km strike with mineralized silicified boulders containing up to 1.98 g/t Au and 29 g/t Ag.

The target is drill-ready with 12 approved platforms, and drilling is scheduled to commence in Q2 2025. Vista Alegre shows multi-signature characteristics including epithermal, porphyry, and skarn features, with mineralization appearing in siliceous boulders and weathered diorite outcrops along two trends extending 3 km in total.

Hannan Metals has received environmental approval (DIA) from Peru's Ministry of Mines for its first drill program at the Belen prospect within the Valiente copper-gold project. The approval covers 40 drill platforms across 702 hectares, encompassing three key prospects: Ricardo Herrera (porphyry copper-gold), Vista Alegre (epithermal gold), and Sortilegio (porphyry copper-gold). The company plans to initiate drilling activities in Q1 2025, with drill rig mobilization expected in Q2 2025. The project represents a newly discovered metallogenic province in Central Eastern Peru, where Hannan is exploring for Miocene-age porphyry copper-gold deposits.

Hannan Metals (TSXV:HAN)(OTC PINK:HANNF) held its Annual General Meeting with 29.58% shareholder participation, representing 35,629,570 common shares. Shareholders approved all matters, including the election of four directors, appointment of Davidson & Company as auditor, and ratification of the Stock Option Plan. The company appointed Catalina 'Katty' Vargas as a new non-independent director. Vargas, who has served as General Manager and HSEC Leader since July 2019, brings over 30 years of mining sector experience in Peru. The Board reappointed Michael Hudson as Executive Chairman and CEO, Lars Dahlenborg as President, Harvey Lim as CFO, and Mariana Bermudez as Corporate Secretary.

Hannan Metals has completed the first stage of a 79 line km Induced Polarization (IP) geophysical survey at the Previsto Prospect within the 100%-owned Valiente Project in Peru. The survey, coupled with field mapping and soil sampling, has confirmed a 6 km x 6 km large copper-gold porphyry and epithermal mineral system with seven high-priority targets.

Key findings include:

• Two porphyry targets identified within a 5 km long and up to 1 km wide intrusive trend
• Five epithermal gold targets correlating with extensive gold in soil anomalies
• The IP survey crew has moved to the Ricardo Herrera area within the Belen target for a 28 line km offset array 3D IP survey

The company is now focusing on providing further information on these targets for drill permitting. The Belen area, located 25 km southwest, contains two porphyry targets and an epithermal system over a 9 km strike.

Hannan Metals (TSXV:HAN, Frankfurt:C8MQ, OTC PINK:HANNF) has announced the granting of stock options to its directors and officers. The options allow for the acquisition of 1,428,000 common shares of the Company. These options are exercisable at C$0.60 per common share and have a validity period of 5 years. This move is typically aimed at aligning the interests of company leadership with those of shareholders, potentially impacting the company's governance and long-term performance.

Hannan Metals (TSXV:HAN)(OTC PINK:HANNF) has commenced a 79 line km Induced Polarization (IP) geophysical survey at five porphyry-epithermal targets at the 100%-owned Valiente Project in Peru. The survey aims to refine drill targets and demonstrate the scale to depth of five large mineral systems:

1. Previsto Central Copper-Gold Porphyry: 12.5 line km survey
2. Previsto East Epithermal Gold: 2.5 line km survey
3. Ricardo Herrera Porphyry Copper: 28 line km 3D survey
4. Vista Alegre Epithermal Gold and Porphyry Copper: 23 line km 3D survey
5. Sortilegio Copper-Gold Porphyry: 13 line km 3D survey

Drill permitting for Ricardo Herrera, Vista Alegre, and Sortilegio is progressing well, with final permits expected in Q4 2024. Previsto Central and Previsto East permitting will commence later this year.

Hannan Metals (TSX.V:HAN)(OTC PINK:HANNF) has been requested by the TSX Venture Exchange to terminate its service agreement with Resource Stock Digest (RSD). The Exchange deemed the engagement, which required a US$125,000 upfront payment for a 3-month marketing campaign, as contrary to policy due to its proximity to the company's recent private placement. The Exchange concluded that Hannan was effectively paying for the marketing campaign with shares. Hannan disagrees with this interpretation but respects the decision. No payment has been made to RSD, and Hannan plans to work with the Exchange on future marketing efforts. RSD's owners, Gerardo Del Real and Nick Hodge, are long-term shareholders who recently purchased equity exceeding the contract fee.