Hannan Continues Drill Success Outside Resource Area at Kilbricken, Ireland

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

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

NEWS RELEASE November 27, 2017

HANNAN CONTINUES DRILL SUCCESS OUTSIDE RESOURCE AREA AT KILBRICKEN, IRELAND

Drill Results Include 8.4m @ 8.0% ZnEQ and 3.3m @ 10.4% ZnEQ

Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) (OTCPK: HANNF)

is pleased to announce results from a further two diamond dr ill holes completed as part of a resource expansion program

at the 100%-owned Kilbricken zinc-lead-silver-copper deposit in County Clare, Ireland.

Key Points:

 Results from two additional holes (DH219,DH220) are re ported here. Significant mineralization demonstrating

thicknesses and grades consistent with the resource areas at Kilbricken, has been intersected in all four step-out

resource expansion holes (Table 1). These holes have extended mineralization up to 250 metres and 200 metres

from the Chimney and Fort resource areas respectively;

 DH 17-3679-219 (“DH219”), a 50 metre step out hole from the Fort Zone intersected massive sulphide

mineralization within a total down-hole thickness of 92.9 metres. Highlights included:

o 8.4m @ 8.0% ZnEQ (6.2% Zn, 0.9% Pb, 15 g/t Ag and 0.35% Cu) from 599.0m

o Including 1.4m @ 20.8% ZnEQ (16.8% Zn, 3.5% Pb, 30 g/t Ag, 0.2% Cu) from 604.0m

o 12.8m @ 5.1% ZnEQ (3.2% Zn, 1.8% Pb, 13g/t Ag and 0.05% Cu) from 631.5m

o Including 0.9m @ 17.8% ZnEQ (15.3% Zn, 2.1% Pb, 25 g/t Ag, 0.1% Cu) from 643.4m

● DH 17-3679-220 (“DH220”), the first diamond drill hole to test along strike from the Chimney Zone, was a 75 metre

step out. Highlights included:

o 3.3m @ 10.4% ZnEQ (3.6% Zn, 6.5% Pb, 58 g/t Ag and 0.1% Cu) from 477.0m

o Including 1.0m @ 18.6% ZnEQ (3.7% Zn, 14.5% Pb, 121 g/t Ag, 0.2% Cu) from 478.6m

● To date, five holes have been completed by Hannan at Kilbricken, and one in progress for a total of 4,160 metres.

A 6,500 metre resource expansion drill program is ongoing, with two drill rigs now at site to test along strike and

down dip from the mineral resource area ( Hannan Press Release, 10 July, 2017). Drilling will continue through to

Q1 2018.

● The drill program is now progressing to larger 300-500 metre step outs from existing resources, targeting additional

base metal mineralized bodies adjacent to Kilbricken.

Mr. Michael Hudson, CEO and Chairman, states: “Our maiden drill program at Kilbricken has started with an impressive hit

rate, with reported drill holes extending mineralization up to hundreds of metres beyond the resource area. All holes

demonstrate significant widths and high grad es of base metal mineralization (Table 1) consistent with those found in the

resource areas at Kilbricken. This success has provided confidence to move into the next phase of our drill program, with

larger 300-500 metre step outs from the Kilbricken resource, to target additional stand-alone base metal mineralized bodies.

Strong geochemical and geophysical anomalies are being drill te sted along strike and dip from Kilbricken (Figure 1), and

with two drill rigs turning the potential for discovery and resource expansion is high.”

Plan and cross section views of the drill results are provided in Figures 1-3. Table 1 shows hi ghlight intersections from all

holes drilled to date and Table 2 shows all relevant collar and assay information. The true thickness of mineralized intervals

at Kilbricken is interpreted to be greater than 95% of the drilled thickness.

In addition to above, hole 17-3679-221 (“DH221”), a 150 metr e step-out from the Fort Zone, was completed at 763.4

metres depth and is now being logged and assayed. Hole 17-3679-222 (“DH222”), a 800 metre step-out from the Fort

Zone and 150 metres down dip from the Chimney Zone, remains in progress. Hole 17-3679-223 (“DH223”) a 500 metre

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step out to the north of the Chimney Zone, targeting shallower mineralization identified by recent soil sampling, remains in

progress (Hannan News Release Oct. 10, 2017). (Figure 1, Table 2).

The maiden mineral resource for Kilbricken was published on July 10, 2017, and immediately ranked Kilbricken as one of

the top ten base metal deposits discovered in Ireland by tonnes and grade. Total indicated mineral resources were calculated

as 2.7 million tonnes at 8.8% zinc equivalent (“ZnEq”), including 1.4 million tonnes at 10.8% Zneq and total inferred mineral

resources of 1.7 million tonnes at 8.2% ZnEq, including 0.6 million tonnes at 10.4% ZnEq. Importantly, as DH218 shows,

the initial resource is expandable at all scales, from near-resource to prospect scale.

NI 43-101 Technical Report:

On August 22, 2017, Hannan filed an independent National Instrument 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 Technical 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 Re port may be found under the Company’s profile on SEDAR

at www.sedar.com and on the Company’s website at www.hannanmetals.com.

Technical Background

A diamond drill rig from Priority Drilling Limited with water recirculation and drill cuttings collection systems was used for the drill results

reported here. Core diameter is NQ2 (50.6 mm). Core recoveries were excellent and av erage close to 95-100% in fresh rock. After

photographing and logging, core intervals av eraging 1-2 metre for mineralized samples we re cut in half at Hannan’s core facilit ies in

Ennis, County Clare, Ireland. The remaining half core is retained for verification and reference purposes.

Analytical samples were transported by Hannan personnel from site to the ALS Loughrea located at Dublin Road, Loughrea, County

Galway, Ireland. At the laboratory sample s are dried, crushed to 100% passing 2mm, th en 500 grams pulverized for multi-element

analysis by method ME-MS6, a four-acid digest performed on 0.25 g of sample to quantitatively dissolve most geological material s.

Analysis is via ICP-MS + ICP-AES. Samples assaying over range 1% zinc, lead, or copper and 100 g/t silver were re-assayed using

methods Ag/Pb/Zn-OG62, a precise ore grade method to determine le ad, zinc and silver by HF-HNO3-HClO4 Digest, HCl leach and ICP -

AES. The QA/QC program of Hannan consists of the systematic insertion of certified reference material of known base metal content and

blanks at the start of each batch and within interpreted mineralized rock. In addition, ALS inserts blanks and standards into the analytical

process.

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

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

for 32,223 hectares. Zinc remains in tight supply amidst rising demand and stagnant supply. Ireland is a leading global jurisdiction for

zinc mining and exploration. In 2015, Ireland was the world’s 10th largest zinc producing nation with 230,000 tonnes produced.

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.

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 results, expected cash costs based on the Company’s current internal expectations, estimates,

projections, assumptions and beliefs, which may prove to be inco rrect. These statements are not guarantees of future performanc e and undue reliance

should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, wh ich may cause the

Company’s actual performance and financial results in future periods to differ materially from any projects of future performan ce or results expressed or

implied by such forward-looking statement. These risks and uncertainties include, but are not limited to: The Company’s expectations regarding the current

drill program, liabilities inherent in mine development and production, geological risks, the financial markets generally, and the ability of the Company to

raise additional capital 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 such statements. The Company undertakes no obligation to up date forward-looking

statements 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.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (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.

Table 1: Highlight intersections from DH 217-221 during the maiden Hannan resource extension drill program at Kilbricken.

Lower cut-off 3% ZnEq.

HOLE

From To Width

(m)

Zn% Pb% Ag ppm Cu% ZnEq% Date Reported

DH217  528.0 536.0 8.0 4.1 33.7 174 0.1 35.8 July 20, 2017

  incl. 528.0 531.2 3.2 8.4 72.8 388 0.1 76.9 July 20, 2017

  570.0 573.4 3.4 5.2 4.3 33 0.1 9.6 July 20, 2017

  588.0 614.6 26.6 7.5 0.9 14 0.1 8.7 July 20, 2017

  incl. 588.0 606.8 18.8 8.8 1.1 19 0.1 10.3 July 20, 2017

  622.6 656.4 33.8 0.0 0.1 11 0.3 0.9 July 20, 2017

DH218

526.0 530.0 4.0 0.7 8.9 31 0.0 8.6 Sept 18, 2017

incl. 526.0 527.4 1.4 1.6 15.2 53 0.0 15.2 Sept 18, 2017

incl. 529.0 530.0 1.0 0.4 13.8 46 0.0 12.8 Sept 18, 2017

544.0 550.0 6.0 2.5 1.8 13 0.0 4.4 Sept 18, 2017

incl. 547.9 550.0 2.1 5.0 3.7 25 0.1 8.7 Sept 18, 2017

557.6 564.0 6.4 4.8 1.3 15 0.1 6.3 Sept 18, 2017

incl. 557.6 558.7 1.1 13.3 3.1 34 0.1 16.9 Sept 18, 2017

571.2 581.2 10.0 3.4 1.0 13 0.1 4.7 Sept 18, 2017

DH219 599.0 607.4 8.4 6.2 0.9 15 0.4 8.0 Here

incl. 604.0 605.4 1.4 16.8 3.5 30 0.2 20.8 Here

631.5 644.3 12.8 3.2 1.8 13 0.1 5.1 Here

incl. 643.4 644.3 0.9 15.3 2.1 25 0.1 17.8 Here

DH220 477.0 480.3 3.3 3.6 6.5 58 0.1 10.4 Here

incl. 478.6 479.5 1.0 3.7 14.5 121 0.2 18.6 Here

Note: The zinc equivalent (ZnEq) value was calculated using 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.

Table 2: Collar Information for Resource Expansion Program at the Kilbricken Project (Irish National Grid)

HoleID East North Azimuth Dip RL Depth (m) Comment

DH217 139133 176006 020 -82 22.433 714 Reported

July 20, 2017

DH218 139165 176035 010 -81 22.735 651 Reported

July 20, 2017

DH219 139168 175979 0 -90 22.443 762.4 Reported

Sept 18, 2017

DH220 140340.086 176010.047 182 -85 24.245 530 Reported

Sept 18, 2017

DH221 139302.698 175860.604 075 -80 20.34 763.4 At assay lab

DH222 139843 175739 054 -71 26.83 550 In progress

DH223 139533.965 176698.017 020 -55 24.373 190 In progress

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