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HAN.V ·

Hannan Announces Resignation of Director

Management Changes

1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7

Phone: +1 604 685 9316 / Fax: +1 604 683 1585

NEWS RELEASE JULY 31, 2023

HANNAN ANNOUNCES RESIGNATION OF DIRECTOR

Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Com pany”) (TSXV: HAN) (OTCPK: HANNF )

announces that Ms. Ciara Talbot, who has served as Director of the Company since October 2017, will be resigning from

her position, effective July 31, 2023. Ms. Talbot's decision to step down is a result of recent professional changes.

Michael Hudson, Chairman and CEO states, “We would like to thank Ciara for her extensive contributions during her tenure

as Non-Executive Director of the Company over the last 6 years. Her perspective and balance will be greatly missed. We

wish her well in her future endeavors.”

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 d ecade, the team behind Hannan has forged a long and

successful record of discovering, financing, and advancing mine ral 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]

Forward Looking Statements. C e r t a i n d i s c l o s u r e c o n t a i n e d i n t h i s n e w s r e l e a s e m a y c o n s t i t u te forward-looking information or forward-looking

statements, within the meaning of Canadian securities laws. The se statements may relate to this news release and other matters identified in the

Company's public filings. In making the forward-looking stateme nts the Company has applied certain factors and assumptions tha t are based on the

Company's current beliefs as well as assumptions made by and in formation currently available to the Company. These statements address future events

and conditions and, as such, involve known and unknown risks, u ncertainties and other factors which may cause the actual resul ts, performance or

achievements to be materially different from any future results , performance or achievements expressed or implied by the state ments. These risks and

uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation

of mining projects; the threat associated with outbreaks of vir uses and infectious diseases, including the novel COVID-19 viru s; risks related to negative

publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community rela tions. Readers are

cautioned not to place undue reliance on forward-looking statem ents. The Company does not intend, and expressly disclaims any intention or obligation

to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the TSX Vent ure Exchange) accepts

responsibility for the adequacy or accuracy of this news.