Hannan Commences Diamond Drilling at Ballyhickey, Co. Clare, Ireland

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

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

NEWS RELEASE OCTOBER 03, 2018

HANNAN COMMENCES DIAMOND DRILLING AT BALLYHICKEY, CO. CLARE, IRELAND

Vancouver, Canada – Hannan Me tals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK:

HANNF) is pleased announce that final drill permissions have been received from the relevant authorities to

allow diamond drilling to commence at the Ballyhickey pr oject within the 100% owned Clare zinc project in

Ireland.

Key Points:

 A diamond drill rig has been mobilized to commence drilling 2,000 metres at Ballyhickey, anticipated to

be completed during Q1 2019;

 The drill program will test new shallow targets loca ted 100-200 metres below surface with potential for

standalone mineralized bodies located 2 kilometres from the Kilbricken resource area;

 Ballyhickey is a 2.5-kilometre-long untested, shallo w target zone adjacent to a seismic-defined fault

with a vertical displacement of 100-200 metres (Figure 1). This is the same offset observed on faults

associated with mineralization at Kilbricken. The entire trend includes strong multi-element soil

anomalies (Zn, Pb, As, Cd) (Figure 2) and includes the historic Ballyhickey mine;

 Further drill targets will be tested as part of the 4,000 metre drill program. Further information will

follow soon.

Michael Hudson, Chairman and CEO states, “With drill permits in place we are very excited to commence

drilling at Ballyhickey, one of the most important Vict orian-age mines in Ireland and an extension of the

Kilbricken mineralized system, situated 2 kilometres from the main resource area. The project has essentially

waited 180 years to be drill tested. Hi storic reports state the mined “ore ” ran 77% Pb and 15oz Ag, with a

calcite vein 5-6 metres wide. With modern day seismic surveys now showing that mineralization in the historic

pit lies in the stratigraphic hanging wall of the Waulsort ian reef, approximately 70 metres above the level of

stratabound Zn-Pb-Ag mineralization now targeted across Ireland.”

Over the last few months, Ireland has experienced a short hiatus regarding environmental screening for

mineral exploration drilling applications. The Explorat ion and Mining Division of the Department of

Communications, Climate Action and Environment of the Republic of Ireland has informed the mineral

exploration industry that the legislative issue has recently led to an effective short-term moratorium on new

drilling permits being issued to mineral explorers thro ughout the Republic. However, rewriting of the

legislation is imminent, which will return the Irish drill permitting procedure to its once efficient and thorough

status quo. In the meanwhile, Hannan has sought, an d has received drill permissi ons from the Clare County

Council (the “Planning Authority”). The Planning Authority concluded diamond drilling at Kilbricken and

Ballyhickey, Quin, Co. Clare constitutes development which is exempted development as defined by the

Planning and Development Acts, 2000 (as amended) and associated regulations.

About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF)

Hannan Metals Limited has 100% ownership of the County Clare Zn-P b-Ag-Cu project in Ireland, which consists of 9 prospecting

licences for 32,223 hectares. Zinc remains in tight supply amidst rising demand and st agnant supply. Ireland is a leading glo bal

jurisdiction for zinc mining and exploration.

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This maiden mineral resource for Kilbricken was published in July 2017, and immediatel y ranks Kilbricken as one of the top ten base

metal deposits discovered in Ireland by tonnes and grade. Tota l indicated mineral resources were calculated as 2.7 million tonn es at

8.8% zinc equivalent (“ZnEq”), including 1.4 million tonnes at 10.8% Zneq and total inferred mineral resources of 1.7 million t onnes at

8.2% ZnEq, including 0.6 million tonnes at 10.4% ZnEq. Importantly, the initial resource is expandable at all scales, from near resource

to prospect scale.

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 holds extens ive zinc experience, gained from the world’s largest integrated zinc producer of th e time,

Pasminco Ltd.

Mr. Michael Hudson FAusIMM, Hannan’s Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed

and approved the technical disclosure contained in this news release.

NI 43-101 Technical Report:

On August 22, 2017, Hannan filed an independent National Instru ment 43-101 Technical Report (the “NI 43-101 Technical Report”) on

The Mineral Resource Estimate for the Kilbricken Zinc-Silver-Lead-Copper Project Co. Clare, Ireland For Hannan Metals Ltd in support of

the Company’s news release dated July 10, 2017. The NI 43-101 Techni cal Report was authored by Mr. Geoff Reed of Reed Leyton

Consultants and Dr. John Colthurst who are independent “qualified persons” as defined by National Instrument 43-101. The NI 43-101

Technical Report may be found under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website

at www.hannanmetals.com. The zinc equivalent (ZnEq) value was calculated us ing the following formula: ZnEq% = Zn % + (Cu% *

2.102) + Pb% * 0.815) + (Ag g/t * 0.023) with assumed prices of Zn $2587/t; Cu $5437/t; Pb $2108/t and Ag $18.44/oz.

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 “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 result s, expected 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 th em. Such forward-looking statements necessarily involve known and unknown risks and un certainties, which

may cause the Company’s actual performance and financial results in future periods to differ materially from any projects of fu ture performance or

results expressed or implied by such forward-looking statement. These risks and uncertainties in clude, but are not limited to: The Company’s

expectations regarding the current drill program, liabilities inhe rent in mine development and production, geological risks, th e financial markets

generally, and the ability of the Company to raise additional ca pital 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 materially from those anticipated in su ch statements. The

Company undertakes no obligation to update forward-looking statemen ts if circumstances or management’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 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.

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