NSTONE GOLD Announces Warrant Extension

HANSTONE GOLD Announces Warrant Extension

VANCOUVER, BC – August 5, 2022 – Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) ("Hanstone" or the "Company"), intends to extend the exercise period of a total of 18,812,014 share purchase warrants. 12,515,766 of the warrants are exercisable at $0.25 per common share, 2,927,248 of the warrants are exercisable at $0.35 per common share, and 3,369,000 of the warrants are exercisable at $0.30 per common share (collectively, the "Warrants").

All of the Warrants were issued pursuant to private placements 15,443,014 of which closed on August 19, 2020 and 3,369,000 of which closed on December 23, 2020. The Company proposes to extend the expiry dates for the Warrants by an additional twelve months and accordingly, the new expiry dates for the Warrants would be August 19, 2023 and December 23, 2023 respectively.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

About Hanstone Gold

Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn in option in the 1,704hectare Doc Project and owns a 100% interest in the 3,336-hectare Snip North Project. Hanstone has a highly experienced team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral exploration projects through discovery to production.

Ray Marks, President and Chief Executive Officer

For Further Information Contact:

Carrie Howes, Director of Communications, +1-(778)-551-8488, [email protected] Or visit the Company’s website at www.hanstonegold.com

Cautionary Statement Regarding Forward Looking Information:

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Hanstone’s business and the industry and markets in which it operates and will operate. Forward-looking information and statements are made based upon numerous assumptions, including among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

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