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 AUGUST 22, 2023

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 directors, officers and investor relations consultants of the Company to acquire

an aggregate of 3,485,000 common shares of the Company, exercisable at C$0.25 per common share, for a period of 5

years.

About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed

to meet the transition 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. Hannan is a top ten in -

country explorer by area in 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]

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responsibility for the adequacy or accuracy of this news.