Hannan to Diamond Drill at the Kilbricken Zinc Project IN Ireland

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

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

NEWS RELEASE MARCH 2, 2017

HANNAN TO DIAMOND DRILL AT THE KILBRICKEN ZINC PROJECT IN IRELAND

Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSX.V: HAN) is pleased to provide

an exploration update and an outline of upcoming work progra ms for the Company’s zinc projects in Ireland. Following

Hannan’s recent listing on the TSX Venture Exchange (“TSXV”), and the closing of a C$1.5 million financing, the Company

is well positioned to commence exploration.

The Company’s flagship project, Kilbricken, is drilled over more than 1.5 kilometres of strike length with better drill

intersections including DH46: 20.5m @ 7.5% Zn, 9.9% Pb, 74.6g/t Ag; and DH06: 21.3m @ 11.0% Zn, 4.8% Pb,

94.4g/t Ag. The Kilbricken area provides excellent potential for new discoveries, as it lies upon a 40-kilometre long

structural trend 100% owned by Hannan, that includes the Milltown prospect, where drilling results included DH19: 13.3m

@ 10.5% Zn, 5.8% Pb.

Recent Highlights:

 Diamond drill permitting at Kilbricken has commenced with a planned drill start date of April 2017;

 Resource evaluation geologists are working on calculation of an initial resource for Kilbricken;

 Metallurgical gap analysis of earlier studies has commenced;

 Strong advancement in geological understanding made by the Hannan team over the last 3 months, providing the

basis for drill targeting;

Mr Hudson, CEO and Chairman states, “Although Hannan only listed on the TSXV last month, we have hit the ground

running with our first diamond drill program planned to commence during April. Hannan owns one of the few high-grade,

zinc-rich, massive sulphide discoveries made over the last decade, with the advantage of being in Ireland, one of the world’s

premier exploration and mining zinc terrains. Our challenge is now to expand on the very strong start we have been

afforded and we look forward to building a sustainable busi ness in Ireland by defining a large and long-life asset at

Kilbricken. The Hannan team has been busy compiling and interpreting the tens of millions of dollars of proprietary data we

purchased with the project, placing us in an excellent position to identify new drill targets to extend the known mineralized

zone.”

Over the next three months the planned work program in Ireland will consist of:

 Diamond drilling from April 2017 at Kilbricken, with permitting for that program now underway. The early part of

the program (3 holes for 1,500m) will focus on extracting metallurgical samples and expanding the footprint of the

known mineralization beyond the current 1,500 metres str ike length (Figure 1). The second stage of the drill

program (10 holes for 5,000m) will test semi-regional targets within 1 to 2 kilometres from the Kilbricken project.

The third stage will focus on testing regional structural targets that may host additional mineralized bodies.

 Delivery of an initial resource and accompanying NI43-101 report for the Kilbricken project by independent resource

evaluation geologists. This work is ongoing and planned for completion during Q2 2017.

 A gap analysis of prior mineralogical and metallurgical test work and plan for future metallurgical studies. Dr Kurt

Forrester will lead this study and has been appointed as Process Development Advisor. Dr Forrester is a Chartered

Chemical Engineer (CEng MIChemE) and Chartered Professional Metallurgist (MAusIMM CP (Metallurgy)).

 Other field based activities including soil sampling, paleo-dating and field mapping.

 Later in 2017, the Company plans to collect additional 2D seismic data, commencing with a 25 kilometre regional

line across the Company’s 32,223 hectare prospecting licences followed by infill 2D seismic lines along the Kilbricken

structural trend.

Since acquiring the project in September 2016, Hannan has fo cussed on advancing the technical understanding of the

Kilbricken project to develop a rigorous geological model to guide future exploration. The Company has engaged a specialist

group of geological experts in rift tectonics, structural geology of Irish Zn-Pb deposits and local geology of the project area

to re-interpret the structural controls on mineralization at Kilbricken, and the regional structures that controlled development

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of the Clare rift basin and subsequent Zn-Pb mineralization. In addition, 28-line kilometres of 2D seismic and four square

kilometres of 3D seismic data have been re-processed; three airborne magnetic data surveys have been “de-cultured” and

had spectral depth filtering applied; gravity data has been reprocessed; and >30,000 soil sa mples have been re-levelled

and combined with geophysical data to define drill targets.

Hannan has also commenced a formal technical collaboration with iCRAG at the University College Dublin, an EU and

industry funded research centre with experts in Irish mineral deposits.

A NI 43-101 Technical Report for the Clare Project, dated De cember 23, 2016, is available on the Company’s profile on

SEDAR at www.sedar.com or directly from the Company’s website. The Technical Report was authored by Dr. John

Colthurst, PGeo, EurGeol, who is an independent “qualified person” as defined by National Instrument 43-101.

About Hannan Metals Limited (TSX.V:HAN)

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. The Kilbricken project, a new high-grade Zn-Pb-Ag-Cu discovery is the Company’s flagship project. Better

intersections, to date, include DH 46: 20.5m @ 7.5% Zn, 9.9% Pb, 0.07% Cu, 74.6g/t Ag, DH06: 21.3m @ 11% Zn, 4.8%

Pb, 0.06% Cu, 94.4g/t Ag. The project is drilled over more than 1.5 kilometres and, importantly, holds large upside with a 40-kilometre

trend to test, which includes the Milltown prospect (incl. DH19: 13.3m at 5.8% Pb and 10.5% Zn ). The true thickness of the

mineralized intervals quoted is interpreted to be approximately 95% of the sampled thickness.

Zinc remains in tight supply amidst rising demand and stagnant supply. Ireland is a leading global jurisdiction for zinc minin g and

exploration. It has been stated that Irish base metal ore field is ranked first in the world in terms of zinc discovered per square kilometre,

and second in the world with respect to lead. 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 CEO an d Chairman, is a Qualified Person as defi ned in National Instrument 43-101 and has

reviewed and approved the technical disclosure contained in this news release.

On behalf of the Board,

"Michael Hudson"

Michael Hudson, CEO & Chairman

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 “forward-looking statements” and “forward- looking information” und er 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, timing of permitting, commencement and

successful completion of planned drill programs, timing of delivery of an initial resource calculation, 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 op erations. 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 ob ligation to update 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.

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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Figure 1: Plan of the Kilbricken mineralized zone showing pierce points of drill holes through the mineralized position.