Hannan Seismic Survey Identifies Multiple New Drill Targets IN Ireland

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

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

NEWS RELEASE April 24, 2018

HANNAN SEISMIC SURVEY IDENTIFIES MULTIPLE NEW DRILL TARGETS IN IRELAND

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

is pleased to present initial results of processing and inte rpretation of the 40.6km seismic survey completed at the

Company’s Kilbricken zinc-lead-silver prospect and extensive 35,444 hectare Clare project in County Clare, Ireland.

Key points:

 The 40.6 line kilometre 2D seismic survey identified the high-grade zinc mineralized position at Kilbricken (Figure

5a) and defined multiple new high priority targets in similar settings over a combined 12 kilometres trend

immediately along strike and up dip from the Kilbricken resource (Figures 1 to 3).

 Over the regional scale, multiple drill targets were also identified across much of the Clare project, including

major north dipping faults that are well documented to preferentially host economic zinc deposits in Ireland;

 The 20,000 metre drill program currently being planned will in itially test targets over the combined 12 kilometres

trend immediately along strike and up dip from the Kilbricken resource;

 In total the Clare project now has 68 kilometres of 2D seismic and 5 square kilometres of 3D seismic surveys

which constrain depths and geometry of potentially mineralized targets, which will substantially decrease

exploration costs and increase exploration effectiveness.

 Seismic surveying is not a technique commonly used in ha rd rock mining while is endemic in the oil and gas

industry. Hannan is one of few hard rock exploration co mpanies to use the method globally. A variation on the

seismic method won this years’ Disrupt Mining competition at the PDAC in Toronto;

Mr Michael Hudson, Chairman & CEO states, “In the search for the next giant zinc deposit in Ireland, bold new strategies

are required as exploration moves to deeper and untested le vels. Reflection seismic presents an opportunity to use new

data to think differently in a well understood geological environment. This survey has re-written the geological

understanding of the Clare basin and opens the door to a new generation of major zinc deposits. We look forward to drill

testing these exciting targets.”

Inset from Figure 5a: Seismic Line 17-HAN-01 cross section. Note the mineralization position at Kilbricken (red stars) and

multiple, drill targets in similar settings (yellow circles)

The regional seismic survey is a first for the area and has de livered a critical new set of subsurface data across Hannan’s

35,444 hectare prospecting licence. Combined with earlier surveys, Hannan now owns 68 kilometres of 2D seismic and a

5 square kilometre 3D seismic survey. The Company has also inve sted in the processing of historic seismic data acquired

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in 2011 and 2012 by earlier operators, to refine structural arch itecture interpretation and substantially decrease future

exploration cost and risk.

Base metal mineralization in Ireland is consistently developed within well-known stratigraphic and structural settings. The

seismic program not only identified the high-grade zinc mineralized position at Kilbricken (Figure 5a), but defined multiple

new targets in similar settings. This includes a highest prio rity 12 kilometre long trend immediately along strike and up

dip from the Kilbricken resource (Figures 1 to 3). Thes e new and untested targets in combination with Hannan’s

extensive soil sampling present compelling drill-ready targets ac ross much of the Clare prospecting licence (Figures 4, 5a

and 5b).

Importantly, it has been previously well documented that north- facing faults in the Irish Midlands zinc district which dip

away from interpreted topographic highs, may preferentially ho st economic deposits. Major north dipping faults in the

new seismic data are therefore considered significant, both on the southerly extent of Kilbricken, and 9 kilometres south

southeast at Kilmurry, where 5.0m @ 3.0 % Zn+Pb was drill inte rsected in an interpreted footwall position adjacent to a

large north dipping fault in the seismic dataset. This area is coincident with anomalous zinc and lead surface geochemical

sampling (Figures 4, 5a and 5b).

Seismic surveys use sound waves to map features beneath the earth’s surface. A convoy of specialized vehicles

(Vibrators) generate the sound waves which travel through th e earth and are reflected back to surface from geological

layers. These reflections are recorded by sensors, which are then processed to produce images of the underlying

geological layers and structures. The seismic technique has ad vanced rapidly over the recent years as researchers adapt

and introduce new methods, algorithms and approaches with increasing computing power. Hannan is one of only a

handful of hard rock exploration companies to use the meth od globally. A variation on the seismic method won this

years’ Disrupt Mining competition at the PDAC in Toronto.

The seismic survey was designed by Hanna n, together with its geophysical consultants and was carried out by Gallego

Technic Geophysics and Rees Onshore Seismic Ltd. A crew of 34 people performed the survey. Three north-south lines

and one east-west tie line were completed to test for struct ures in multiple orientations (Figure 4). IMC Geophysical

Services Limited were selected to process all of Hannan’s new data. Charles Hope acted as client representative and

quality control for the survey design, execution and processing . Dr Glenn Morgan from Morgan Seismic Services acted as

quality control during processing and conducted the interpretation of all seismic data.

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 35,444 hectares. Zinc remains in tight supply amidst rising demand and stagnant supply. Ireland is a leading global

jurisdiction for zinc mining an d exploration. In 2015, Ireland was the world’s 10th largest zinc producing nation with 230,000 tonnes

produced.

The maiden mineral resource 1, dated July 10, 2017, immediately ranked Kilbricken as one of the top ten base metal deposits

discovered in Ireland by tonnes and grade. Total indicated mine ral resources were calculated as 2.7 million tonnes at 8.8% zinc

equivalent (“ZnEq”), including 1.4 million to nnes at 10.8% ZnEq and total inferred mine ral resources of 1.7 million tonnes at 8 .2%

ZnEq, including 0.6 million tonnes at 10.4% ZnEq.

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 ho lds extensive zinc experience, gained from the wo rld’s largest integrated zinc producer of the 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 indepe ndent 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 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.

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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 include, 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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