Hannan Announces Grant of Stock Options
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE July 22, 2020
HANNAN ANNOUNCES GRANT OF STOCK OPTIONS
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK:
HANNF) announces the granting of stock options to the Company’s external investor relations consultant, SRC
Swiss Resource Capital AG, to acquire up to 250,000 comm on shares of the Company at an exercise price of
$0.44 per common share for a period of three years. The stock options vest 1/4 every three months, with the
first quarter of the stock options vesting on October 22, 2020.
About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF)
Hannan Metals Limited is an exploration company developing sustai nable and ethical resources of metal needed to meet the transi tion
to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing
and advancing mineral projects in Europe and Peru.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
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 “forward-looking statemen ts” and “forward- looking information” und er
applicable securities laws. Except for stat ements of historical fact, certain inform ation contained herein constitutes forward- looking
statements, which include the Company’s expectations regarding future performance based on current results, acceptance of the g rant
of options by the TSX Venture Exchange, ex pected cash costs based on the Company’s current internal expectations, estimates,
projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and
undue reliance should not be placed on them. Such forward-look ing statements necessarily invo lve known and unknown risks and
uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially fr om any
projections of future performance or results expressed or implie d by such forward-looking statem ent. These risks and uncertaint ies
include, but are not limited to: the potential impact of epidemics, pandemics or other public health crises, including the current outbreak
of the novel coronavirus known as COVID-19 on the Company’s business, the granting of additional claim applications in Peru, community
relations, 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 assura nce that forward-looking statements will prove to
be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Compan y
undertakes no obligation to update forward-l ooking statements if circumstances or manage ment’s estimates or opinions should change
except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regu lation Services Provider (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.