1. Name and Address of Company HANNAN METALS LTD. (the “Issuer”)
FORM 51-102F3
MATERIAL CHANGE REPORT
1. Name and Address of Company
HANNAN METALS LTD. (the “Issuer”)
#1305 - 1090 West Georgia Street
Vancouver, British Columbia V6E 3V7
Phone: (604) 685-9316
2. Date of Material Change
March 28, 2017
3. Press Release
The press release was released on March 28, 2017 through various approved public media and
filed with the TSX Venture Exchange and the British Columbia and Alberta Securities
Commissions.
4. Summary of Material Change(s)
See attached press release for details.
5. Full Description of Material Change
See attached press release for details.
6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not Applicable
7. Omitted Information
Not Applicable
8. Executive Officer
The following executive officer and director of the Company is knowledgeable about the
material change disclosed in this report and may be contacted as follows:
Nick DeMare, CFO & Director, telephone: (604) 685-9316
9. Date of Report
March 28, 2017
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE MARCH 28, 2017
HANNAN NAMES CARNEGIE AS DIRECTOR; LIM RESIGNS
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) is pleased
to announce the appointment of Ms. Georgina Carneg ie as director of the Company and the subsequent
resignation of Mr. Harvey Lim.
An economist and experienced corporate director, Ms. Ca rnegie holds a bachelor’s degree in Economics from
Monash University, and a Master’s Degree in Public Administration from the Kennedy School of Government,
Harvard University. Ms. Carnegie is the Managing Director of Carnegie Enterprises and has held senior positions
in Australian government and management and board positions in the insurance, airline, and resources sectors.
She has spent time on secondment to the OECD, has consulted to The World Bank, and authored the first
Investment Guide to the Lao PDR. For over a decade Ms Carnegie was Managing Di rector Market Intelligence
(Asia) Pte Ltd. She is a member of the EmNet Advisory Committee at the OECD (the Development Centre’s
Emerging Markets Network) and serves as a member of the Board of the Australia Korea Foundation and the
Executive Board of the Australia Korea Business Council. She is Senior Advisor to Iron Road Limited and Mawson
Resources Ltd and serves on the Boards of Kerogen Shale Limited and its wholly owned Jordan based subsidiary
Karak International Oil. She has also interviewed presidents and prime ministers, global business leaders, and
cultural figures for The Analecta and produced “Visions of Leadership” for The History Channel.
The Company also announces the resignation of Mr. Harvey Lim as director of the Company effective
immediately. Mr. Lim had served as director of the Company since July 2013. Mr. Lim will continue to serve as
the Company’s CFO. Following Mr. Lim’s resignation as a director of the Company, Mr. Nick DeMare was
appointed as a member of the Company’s Audit Commi ttee, joining members Messr s. David Henstridge and
Michael Iannacone.
Mr Hudson, CEO and Chairman states, “The Board of Hannan welcomes this high level and strategic appointment.
Having worked closely with Georgina over the last few years, I know she will provide a deep, holistic and ongoing
assessment of the Company’s activities in Ireland and provide a wealth of experience in geo-political assessment
and co-investment strategies. Her appointment reflects Hannan’s continued commitment to focus on CSR issues
during our exploration activities. On behalf of the Board, I would also like to thank Harvey for his role in helping
establish Hannan, and I look forward to continuing to work with him in his role as CFO.”
About Hannan Metals Limited (TSX.V:HAN)
Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu project in Ireland, which consists of 9 prospecting licences
for 32,223 hectares. The Kilbricken project, a new high-grade Zn-Pb-Ag-Cu discovery is the Company’s flagship project. Better
intersections, to date, include DH 46: 20.5m @ 7.5% Zn, 9.9% Pb, 0.07% Cu, 74.6g/t Ag, DH06: 21.3m @ 11% Zn, 4.8%
Pb, 0.06% Cu, 94.4g/t Ag. The project is drilled over more than 1.5 kilometres and, importantly, holds large upside with a 40-kilometre
trend to test, which includes the Milltown prospect (incl. DH19: 13.3m at 5.8% Pb and 10.5% Zn ). The true thickness of the
mineralized intervals quoted is interpreted to be approximately 95% of the sampled thickness.
Zinc remains in tight supply amidst rising demand and stagnant supply. Ireland is a leading glob al jurisdiction for zinc mining and
exploration. It has been stated that Irish base metal ore field is ranked first in the world in terms of zinc discovered per square kilometre,
and second in the world with respect to lead. In 2015, Ireland was the world’s 10th largest zinc producing nation with 230,000 tonnes
produced.
Over the last decade, the team behind Hannan has forged a long and successful record of financing and discovering mineral projects in
Europe. Additionally, the team ho lds extensive zinc experience, gained from the wo rld’s largest integrated zinc producer of the time,
Pasminco Ltd.
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Mr. Michael Hudson FAusIMM, Hannan’s CEO and Chairman, is a Qua lified Person as defined in National Instrument 43-101 and has
reviewed and approved the technical disclosure contained in this news release.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, CEO & Chairman
Further Information
www.hannanmetals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, [email protected]
Forward Looking Statements
Certain information set forth in this news release contains “for ward-looking statements”, and “forward- looking information” under applicable securities
laws. Except for statements of historical fact, certain inform ation contained herein constitutes forward-looking statements, wh ich include the Company’s
expectations regarding future performance based on current results, expected cash costs based on the Company’s current internal expectations, estimates,
projections, assumptions and beliefs, which may prove to be inco rrect. These statements are not guarantees of future performance and undue reliance
should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, wh ich may cause the
Company’s actual performance and financial results in future periods to differ materially from any projects of future performan ce or results expressed or
implied by such forward-looking statement. These risks and uncer tainties include, but are not limited to: liabilities inherent in mine development and
production, geological risks, the financial markets generally, and the ability of the Company to raise additional capital to fund future operations. There can
be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ ma terially from those
anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates
or opinions should change except as required by applicable se curities laws. The reader is cautioned not to place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Ventu re Exchange) accepts
responsibility for the adequacy or accuracy of this news release.