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HAN.V ·

Hannan Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

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

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

NEWS RELEASE NOVEMBER 17, 2022

HANNAN ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

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

announces the results from its Annual and Special Meeting of Sh areholders held on Thursday, November 17, 2022 (the

“Meeting”) in Vancouver, BC. Shareholders holding a total of 26,610,606 common shares were represented in person or

by proxy at the Meeting, representing 26.09% of the votes attached to all outstanding common shares of the Company as

at the record date. Shareholders voted in favour of all the ma tters submitted before the Meeting as set out in the Notice

of Meeting and Information Circular dated October 11, 2022, including:

1. Setting the size of the Board to five directors and electing the following as directors until the next annual shareholder

meeting of the Company: Michael Hudson, Ciara Talbot, Georgina Carnegie, Nick DeMare and David Henstridge;

2. Appointing Davidson & Company, C hartered Professional Accountants, as the Company’s auditor for the ensuing

year; and

3. The adoption of a new Stock Option Plan, pursuant to which the Company may grant stock options up to 10% of

its issued and outstanding common shares at the time of grant.

Subsequent to the Meeting, the Board re-appointed Mr. Hudson as Chairman and CEO, Mr. Lars Dahlenborg as President,

Mr. Harvey Lim as Chief Financial Officer and Ms. Mariana Bermudez as Corporate Secretary. Messrs. DeMare, Henstridge

and Ms. Talbot were appointed as members of the Audit Committee.

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

Hannan Metals Limited is a natural resources and exploration co mpany 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. Certain disclosure contained in this news release may constitut e forward-looking information or forward-looking

statements, within the meaning o f 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 Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this news.