Hannan Completes IP Survey at Stavaträsk Gold Project, Sweden 1,000 m Drill Program to Test Depth Extensions Next Month Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK: HANNF) announces completion of a gradient -array induced polarization (IP) survey over the
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Email: [email protected]
NEWS RELEASE SEPTEMBER 10, 2026
Hannan Completes IP Survey at Stavaträsk Gold Project, Sweden
1,000 m Drill Program to Test Depth Extensions Next Month
Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK:
HANNF) announces completion of a gradient -array induced polarization (IP) survey over the Stavaträsk gold
project in the Skellefteå district of northern Sweden (Figure 1), 20 km north of the historic Boliden mine. The
survey is the first systematic geophysical coverage of the gold system and follows the Company’s initial seven-
hole drill program, announced August 13 and 31, 2026, whic h intersected gold in every hole across 650 m of
strike. The IP data will be integrated with the drill results to define targets for a 1,000 metre second drill program
scheduled to complete before the end of 2026.
Michael Hudson, CEO, states: “The initial program gave us gold in every hole and confirmed the Stavaträsk
system continues at depth. What it could not tell us is how big the system is. That is the job of this IP survey.
Gold at Stavaträsk is carried by arsenopyrite and pyrite, exactl y the sulphides that gradient -array IP is built to
detect as chargeability anomalies, so we now expect to see the footprint of the system, not just the seven holes
we have drilled into it. We have covered 3 km² at 200 m spacing, tightened to 100 m over the drilled area,
and added a dipole- dipole line for dip and depth. Interpretation is underway and will drive a 1,000 metre
follow -up program by next month . Stavaträsk is moving fast, and the next round of holes will be the best
targeted we have drilled.”
Technical Discussion
Geovisor Oy, a Finnish geophysical contractor, carried out the survey under the technical coordination of
Precision Geophysics. Data were acquired on a 200 metre gradient -array grid covering 3 km 2 (Figure 3), with
100 metre infill over key areas including the maiden drill area, producing co -registered resistivity and
chargeability data. Chargeability responds to the disseminated to semi-massive arsenopyrite and pyrite that host
Key Points:
• Gradient-array IP survey completed at Stavaträsk, the first systematic geophysical coverage of the gold
system.
• Survey acquired on a 200 m grid covering a 3 km 2 area with 100 m spaced infill and one dipole-dipole
section over key drill area; data are now being processed and interpreted.
• Follows the Company’s maiden seven-hole drill program (ST2601-ST2607), which returned gold in every
hole and highlight intervals of 1.1 m @ 15.6 g/t Au including 0.6 m @ 27.8 g/t Au and 4.6 m at
7.2 g/t Au including 1.9 m at 15.7 g/t Au as announced on August 13 th and August 31 st, 2026,
respectively.
• Interpreted IP data, integrated with the maiden drill results, will guide a 1,000 metre second drill
program scheduled to complete before the end of 2026. Both mineralization styles remain open at depth
and along strike.
gold at Stavaträsk, while resistivity maps silica alteration and structure. A 2D dipole- dipole section across the
drilled zone provides dip and depth information on mineralized structures. Processing and interpretation are
underway.
Next Steps
A 1,000 metre follow-up drill program will test extensions of the two mineralization styles intersected in the
maiden program, both of which remain open along strike and at depth. Targets will be defined by integrating
the maiden drill results with the interpreted IP data, with drilling scheduled to complete before the end of 2026.
Stavaträsk Project
Stavaträsk is located in the Skellefteå Mining District of northern Sweden, 20 km north of the Boliden deposit
(8.4 Mt at 15.5 g/t Au for approximately 4.2 Moz of historic production; source quoted in Figure 2). The project
occupies a strategic position on the Vidsel -Röjnoret Shear System (VRSS), the same regional -scale terrane
boundary that hosts Boliden.
Gold, silver and copper mineralization is structurally hosted, with massive to semi -massive arsenopyrite, pyrite
and chalcopyrite with silica alteration. Outcrop samples return grades of up to 93 g/t Au and 24 g/t Ag. A boulder
field located 650 m southeast of the main outcrop yielded eight samples averaging 3.2 g/t Au (range 0.1 g/t to
11.2 g/t Au), 67 g/t Ag (range 1 g/t to 154 g/t Ag) and 0.83% Cu (range 0.003% to 2.43% Cu) and is surrounded
by historic drill collars for which assay data are largely unavailable.
Historical Data and Reporting Notes
Historical data have not been verified by Hannan and are quoted for informational purposes only. It is believed
that the primary analysis for gold was completed by fire assay with atomic absorption finish. Compilation of
available data and 3D geologic modelling are in progress.
The true widths of the mineralized intervals referred to in this news release are not known at this stage.
Sweden: A Tier-One European Mining Jurisdiction
Sweden is positioning itself as the cornerstone of Europe's domestic mineral supply under the EU Critical Raw
Materials Act. The efficiency of its permitting regime is demonstrated firsthand at Stavaträsk, where a drill permit
was secured in four weeks. The country consistently ranks among the world's most attractive mining jurisdictions
in the Fraser Institute's Annual Survey of Mining Companies, offering stable policy, established infrastructure,
low-cost hydropower and a skilled workforce. The district also supports near year-round drilling: an established
forestry road network enables access through the summer, while winter snow cover allows rigs to move broadly
across the terrain, with only a short shoulder season during the spring thaw.
Sampling, Analytical Methods and Quality Control
Whole drill core was logged and photographed by Company personnel and securely transported to MSALABS
(MSA Analytical Services), an ISO/IEC 17025- accredited laboratory, at its facility in Storuman, Sweden, where
the core was cut, sampled and prepared for analysis. The sample pulps were shipped to the MSALABS facility in
Canada for analysis. Gold was determined on a 30 g charge by lead -collection fire assay fusion with an atomic
absorption finish (method FAS-114), with high-grade samples re-assayed on a 30 g charge by fire assay with a
gravimetric finish (method FAS-415). Multi-element analysis, including silver and copper, was carried out on a
0.25 g aliquot by four -acid digestion with ultra -trace ICP-ES/MS determination of 48 elements (method IMS-
230); over-limit arsenic was determined by an ore-grade four-acid digestion with an ICP-ES finish (method ICF-
6As). As part of its quality assurance and quality control program, the Company inserted certified reference
materials at approximately one in fifteen samples and field duplicates at approximately one in fifty, and the
laboratory operated its own internal program of blanks, standards and duplicates. The Qualified Person has
reviewed the quality -control results and is satisfied that the assay data are reliable for the purposes of this
disclosure.
About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)
Hannan Metals Limited is an exploration company with a primary focus on advancing its Previsto gold -copper
prospect (Amanecer project) in Peru, and an option to earn 100% in three high-grade gold projects in Sweden.
Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing,
and advancing mineral projects in Australia, Europe and South America.
Mr. Michael Hudson FAusIMM, Hannan’s Chairman and CEO, a Qualified Person as defined in National Instrument
43-101, has prepared, reviewed, verified and approved the technical contents of this news release.
Further Information
Further discussion and analysis of the project is available through the Hannan Metals website at
www.hannanmetals.com and the Hannan YouTube channel at www.youtube.com/@HannanMetals
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 constitute forward -looking information or forward -looking
statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matter s identified in the
Company’s public filings. In making the forward -looking statements the Company has applied certain factors and assumptions that are based on the
Company’s current beliefs as well as assumptions made by and information currently available to the Company. T hese statements address future events
and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual resu lts, performance or
achievements to be materially different from any future results, performa nce or achievements expressed or implied by the statements. 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 viruses and infectious diseases; risks related to negative publicity with respect to the Company
or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to p lace undue reliance on
forward-looking statements. 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.
Cautionary Note Regarding Deposit Comparisons and Surface Sampling. References in this news release to the Boliden deposit are provided as
a geological deposit-type and exploration-targeting analogue only. Mineralization hosted on adjacent or nearby properties, including the Boliden deposit,
is not necessarily indicative o f mineralization on the Company’s properties, and these comparisons are not a prediction of the scale, grade, tonnage or
economic potential of the Stavaträsk project. Historic production figures for the Boliden deposit are derived from third -party sources that the Company
has not independently verified. Rock chip, grab and boulder (float) sample results referred to in this news release are selective by nature, are collected to
identify the presence or tenor of mineralization, and are not necessarily representative of the grade or style of mineralization across the property. Historic
drilling at Stavaträsk was completed by third parties and recoverable assay and collar data are largely unavailable; such historic results have not been
verified by a Qualified Person and should not be relied upon. The Stavaträsk, Skellefteå North and Ädelfors projects do not h ave any mineral resource or
mineral reserve estimates prepared in accordance with National Instrument 43-101, and there is no certainty that exploration will result in the delineation
of any mineral resource.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts
responsibility for the adequacy or accuracy of this news.
Figure 1: Map of Sweden (green) showing locations of properties Stavaträsk, Skellefteå North and Ädelfors
Figure 2: Geology map of the Skellefteå mineral belt, showing locations of major mining operations relative to the Stavaträsk and Skellefteå North properties.
Figure 3: Plan view of the Stavaträsk project showing surface geochemistry, drilling results and completed IP survey area.