Hannan Develops New High-Grade Zone 1 Km South at Previsto up to 6.7 G/T GOLD as Multiple Targets Developing
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Email: [email protected]
NEWS RELEASE FEBRUARY 18, 2026
HANNAN DEVELOPS NEW HIGH-GRADE ZONE 1 KM SOUTH AT PREVISTO
UP TO 6.7 G/T GOLD AS MULTIPLE TARGETS DEVELOPING
Vancouver, Canada -- Hannan Metals Limited ("Hannan" or the "Company") (TSXV: HAN) (OTCPK:
HANNF) is pleased to announce new results from systematic field campaigns at the Previsto prospect at its
100% owned Valiente project in Peru. Channel and rock chip sampling ha ve confirmed two new high-grade
trends developing 1 km south of the Previsto Central high-grade zone.
Key Points:
1. New rock chip results extend a 42 m mineralized trend at Mirador Creek, including:
● 6.7 g/t Au, 34 g/t Ag, 40 ppm Cu, and:
● 0.6 g/t Au, 8 g/t Ag, 372 ppm Cu,
● 26 m and 16 m south, respectively, of previously reported 4.8 g/t Au sample
2. Entirely New High- Grade Zone: 0.3 km west of Mirador Creek trend, and 1 km south of Previsto
Central high-grade channel. A 1.8 g/t Au, 4 g/t Ag, 258 ppm Cu over 2.4 m channel sample.
3. Broad District-Scale Mineralization: 92 channel samples totalling 161 m and 124 rock-chip samples
define widespread gold -silver-copper mineralization across Mirador Creek, Honda Creek and Palestina
Creek.
4. Active Field Programs Continue: 2026 field programs commencing in February after a planned
shutdown for the wet season. Follow up work at Mirador Creek aiming to expand new high -grade
footprint.
Michael Hudson, CEO, states: “What excites me is the sheer scale now emerging at Previsto. We have
validated high-grade gold over a 1.2 km trend between Mirador Creek and Previsto Central, with multiple new
targets developing. Critically, Honda Creek continues to confirm a distinctly different geochemical signature,
strongly suggesting the presence of multiple, independent heat and metal sources. The strong soil anomaly at
Palestina Creek, at a significantly higher elevation, indicates we are intersecting different structural levels of this
large epithermal system, with the primary source still to be uncovered. Previsto is a true district-scale opportunity
with multiple mineralized centres.
"These latest results from Previsto are a significant step in validating our exploration model. The 6.7 g/t Au rock
chip at Mirador Creek, along with the identification of an entirely new high-grade zone returning 1.8 g/t Au over
2.4 m located 1 km south of Previsto Central, demonstrate the strength and continuity of this gold system. These
high-grade samples have been located beneath small windows of jungle vegetation – a tribute to the persistence
of our field teams who continue to uncover new high-grade zones across this vast system.
“With this successful field campaign now complete, the team has moved into the next phase of work, focused
on expanding the Mirador Creek high-grade footprint while advancing towards drill permitting.”
Technical Discussion
Work Area Details
Three main areas were systematically prospected during the recent field campaigns (Figure 2).
1. Mirador Creek
The Mirador Creek work area covers a 0.8 km × 0.4 km polygon extending from the Mirador Creek high -grade
discovery zone westward 400 m and north -east 400 m (figure 3). This area has been the focus of intensive
systematic sampling following the October 06 2025 announcement of a 4.8 g/t Au grab sample at Mirador Creek.
The recent field campaign was designed to follow up on mineralized channel samples (10.5 m @ 0.5 g/t Au, 3
g/t Ag, 195 ppm Cu including: 4.9 m @ 1.1 g/t Au, 5 g/t Ag, 135 ppm Cu - reported December 17th, 2025)
adjacent to the 4.8 g/t Au sample and extend this specific zone over 42 m.
Channel Sampling
A total of 15 channels were cut across mineralized structures, comprising 40 individual samples over a cumulative
length of 70.35 m. Channel sampling provides the most reliable surface indication of grade continuity, as it
captures representative sections across mineralized zones rather than selective point samples. Results below:
Element Average Range
Gold 0.1 g/t 0.005 – 1.8 g/t
Silver 1.2 g/t 0.3 – 4 g/t
Copper 204 ppm 22 – 551 ppm
Rock Chip Sampling
To complement the channel work, 20 in -situ rock chip samples/panel samples were collected across exposed
outcrops throughout the work area. Rock chip sampling helps define the spatial extent of mineralization and
identify new targets for follow-up. Results below:
Element Average Range
Gold 0.4 g/t 0.0005 – 6.7 g/t
Silver 2.5 g/t 0.04 – 34.3 g/t
Copper 259 ppm 26 – 1,785 ppm
High-grade gold values in this area are associated with quartz-pyrite/Fe-oxide veinlets and vein stockworks. The
vein system is not constrained to one lithology type and is seen across pyritic hornfels and intrusive k -feldspar
porphyry units. Detailed work is underway to define the orientation, width and continuity of these mineralized
zones. The channel 300 m west containing 2.4 m @ 1.8 g/t Au (reported here) may be a repetition of this newly
discovered vein system and is also the subject of close follow up work.
2. Honda Creek
The Honda Creek work area covers a 1.7 km × 0.7 km polygon situated immediately south of the Mirador Creek
high-grade zone. The aim of this campaign was to explore the possibility of a new heat source as interpreted
under the guidance of Dr Alan Wilson dur ing his November 2025 campaign. 61% (63) of the 103 rock chip or
channel samples across this work area returned a result between 0.05 and 0. 26 g/t Au, highlighting the broad
nature of the mineralization and confirming the differing geochemical signature to that of Previsto Central. The
Honda Creek zone does not have a Cu, Mo or V association (as Previsto Central does), demonstrating the
likelihood for a different heat and metal source. These data support the statement that the Previsto area as a
whole is a mineral district, with multiple heat sources and styles of mineralization.
Channel Sampling
A total of 16 channels were cut across mineralized structures, comprising 37 individual samples over a cumulative
length of 61.5 m. Results below:
Element Average Range
Gold 0.08 g/t 0.006 – 0.26 g/t
Silver 1.9 g/t 0.09 – 23.9 g/t
Copper 40 ppm 3 – 174 ppm
Rock Chip Sampling
To complement the channel work, 57 in -situ rock chip samples/panel samples were collected across exposed
outcrops throughout the work area. Results below:
Element Average Range
Gold 0.05 g/t 0.0005 – 0.24 g/t
Silver 0.9 g/t 0.02 – 2.8 g/t
Copper 50 ppm 2 – 408 ppm
3. Palestina Creek
The Palestina Creek area is a catchment 0.7 km – 1.4 km west of and 0.25 km – 0.7 km topographically higher
than Previsto Central. Systematic soil geochemistry continued to define a highly anomalous gold trend at
Palestina Creek, but the source of this strong signal has not yet been discovered as corresponding rock and
channel samples were low-grade. Given the area's significantly higher elevation, the data suggest the company
is exploring a distinctly different structural level of the large epithermal system compared to the Previsto Central
high-grade zone.
Soil Geochemistry
A total of 9 soil samples were collected across the Palestina Creek area to infill the existing soil grid and test for
continuity of the gold anomaly beyond Previsto Central.
Element Average Range
Gold 0.073 g/t (73 ppb) 0.021 – 0.211 g/t (21 – 211 ppb)
Results confirm that anomalous gold values persist westward from the Previsto Central high -grade zone, into
the catchment surrounding Palestina Creek, with peak values reaching 211 ppb Au - well above the 1 ppb
detection limit and indicative of a genuine bedrock source. The continuous nature of the soil anomaly across this
western extension suggests that the underlying mineralized system extends beyond the currently defined limits
and remains open for expansion. While the rock chip and channel samples remain low-grade at Palestina Creek,
the soil sample results indicate that the source of gold mineralization in the area has not yet been discovered.
The Palestina Creek work area sits 0.25 km – 0.7 km higher in elevation than the Previsto Central high-grade
zone, so it is interpreted that the source of soil anomalism is independent of Previsto Central and that the area
is likely at a different structural level in the mineral system.
Channel Sampling
A total of 13 channels were cut across in- situ rock, comprising 15 individual samples over a cumulative length
of 29 m. Results below:
Element Average Range
Gold 0.02 g/t 0.002 – 0.09 g/t
Silver 0.7 g/t 0.09 – 1.9 g/t
Copper 113 ppm 23 – 372 ppm
Rock Chip Sampling
To complement the channel work, 44 in -situ rock chip samples/panel samples were collected across exposed
outcrops throughout the work area. Results below:
Element Average Range
Gold 0.02 g/t 0.001 – 0.23 g/t
Silver 0.7 g/t 0.07 – 5 g/t
Copper 134 ppm 3 – 624 ppm
Next Steps
Hannan's team is actively advancing multiple work fronts:
1. Mirador Creek Extensions – Further systematic sampling to locate extensions and repetitions of the
confirmed high-grade mineralization along strike and in parallel structures. As outlined in this release,
the last attempt at this goal was successful.
2. Structural Mapping – Detailed mapping to understand the controls on high-grade mineralization, which
will inform drill hole targeting and orientation.
3. Drill Program Integration – All surface results will be compiled and integrated into target generation
for the upcoming drill program at Previsto.
Drill Permitting in Previsto (DIA Amanecer)
A ten-person environmental team including professional environmental archaeological investigations, community
workshops and liaison activities has now completed collecting appropriate information necessary to make the
submittal for approval to the DGAAM - General Directorate of Mining Environmental Affairs - of the Ministry of
Energy and Mines, Peru. The work program includes:
● Environmental baseline monitoring for the project, conducted by third party experts (now complete);
● Submission to the Peruvian Ministry of Culture the CIRA (Certificate of non -existence of archaeological
remains) which declares that the project does not impact archaeological sites;
● Public participation meetings outlining Hannan’s plans will be held in the hamlets in the area of influence,
where the communities are on record as approving the company’s proposed drill program;
The DIA is the primary environmental certification required to allow low impact mineral prospecting programs,
that includes drilling programs, to proceed in Peru.
About the Valiente Project
The 100% owned Valiente project is in central eastern Peru, east of the city of Tingo Maria (Figures 1 and 2).
The area is characterized by steep topography on the eastern flank of the Central Cordillera with elevations
between 800 m and 2,000 m above sea level (a.s.l.). The project was found in 2021 during an extensive
greenfields prospecting program initiated by Hannan for back-arc porphyry copper-gold systems. The Company
has been actively prospecting on the project since 2021 and has successfully gained social permits progressively
in all areas of interest.
During 2021 Hannan staked holds 813 km2 of 100% owned mining concessions at Valiente covering unexplored
terrain for potential mineralized porphyry targets in central eastern Peru. The Valiente Project has rapidly evolved
from a greenfields prospect to a multi-prospect opportunity.
Early surface prospecting identified two outcropping copper-gold porphyry targets and one epithermal target at
Belen (see Press Release Feb 16, 2023). Porphyry areas quickly followed at Serrano Norte and Serrano. The
focus more recently has been on Previsto. At Previsto and Belen, a district-scale porphyry cluster within an area
of 25 km by 10 km, with eight porphyry and/or epithermal targets now identified in more detail with up to 10
earlier stage targets awaiting further work.
The company is executing a multi -year strategy to systematically prospect and drill test its extensive land
package in this emerging Miocene-aged, linked porphyry-epithermal mineral belt.
Technical Background
All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party
services using trackable parcels and by company staff. At the laboratory, rock samples were prepared and
analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off
250 g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME -MS61, a
four-acid digest performed on 0.25 g of the sample to quantitatively dissolve most geological materials. Analysis
is via ICP-MS. Gold was analyzed in rock and soils by ALS in Lima using a standard sample preparation and 30
g fire assay sample charge. Soil samples were analyzed by a portable XRF (VANTA -VMR) using an in -house
protocol which includes routine use of CRM and field duplicates as well as 10% check samples analyzed by ALS
Lima.
Channel samples are considered representative of the in -situ mineralization samples. At this stage true widths
of mineralization are not known. Grab or panel samples are selective by nature and are unlikely to represent
average grades on the property.
About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)
Hannan Metals Limited is an exploration company focused on the identification and delineation of large gold and
copper mineralizing systems in new frontiers in Peru. 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. These data, along
with an interview on these results with CEO Michael Hudson can be viewed at www.hannanmetals.com and our
YouTube channel 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 matters 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
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or the mining industry in general; planned work programs; permitting; and community relations. Re aders are cautioned not to place 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
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Figure 1: Overview of the 813 km2 Valiente project area in Peru.
Figure 2: Map showing the vast 5x5 km gold anomaly at Previsto and the location of several systems developing within the Previsto footprint which highlight this discovery as a new
mineral district. Location of current results also shown.
Figure 3: Zoomed in map of Mirador Creek work area with soil, rock chip and channel results.