Hannan’S Granted Mining Concessions Increase at San Martin, PERU

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

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

NEWS RELEASE JULY 21, 2020

HANNAN’S GRANTED MINING CONCESSIONS INCREASE AT SAN MARTIN, PERU

Vancouver, Canada – Hannan Metals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK:

HANNF) provides an update on the status of further granted mining concessions at the 100% owned San Martin

sediment hosted copper-silver project in Peru (Figure 1).

Highlights:

 A total of 43 granted mining concessions for 329 sq km have now been granted at the San Martin project

in Peru (Figure 2).

o An increase of one granted mining concession from the last update reported on May 28, 2020.

 The project consists of a total of 87 mining conc essions and applications for 65,600 hectares (656 sq

km) that cover multiple trends within 110 kilometres of combined strike for sedimentary-hosted copper-

silver mineralization (Figure 2). Granted concessions provide secure tenure and allows for more advanced

social and exploration work programs to be executed.

Michael Hudson, Hannan’s CEO, states, “We appreciate that the Peruvian administration has been able to process

our concessions during this challenging time. The addition al granting provides secure tenure and allows us to

commence further detailed geological work combined with social licensing in additional areas. In collaboration

with industry experts, we have a number of desktop stud ies ongoing and a team of four geologists ready to

mobilize back into the field in San Martin at the appropriate time post-lockdown.”

New areas granted are from the Sacanche project, where stratabound copper silver host position has been

recently mapped by a geological remote sensing study within an area of 73 kilometr es of strike. Outrcropping

mineralized zones have been identified from field work (Figures 3 and 4) over a 20 kilometre strike trend and

include:

 2.0 metres @ 5.9% copper and 66 g/t silver

 0.6 metres @ 8.7% copper and 59 g/t silver

 0.6 metres @ 0.8% copper and 12 g/t silver

 3.0 metres @ 2.5% copper and 22 g/t silver

 0.8 metres @ 2.8% copper and 14 g/t silver

 0.2 metres @ 6.9% copper and 32 g/t silver

Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted

approximate the true width of mineralization.

Hannan's 100% owned San Martin project encompass a new, basin-scale high-grade copper-silver system

situated along the foreland region of the eastern Andes Mountains in Peru. Geologically, Hannan's sedimentary

copper-silver deposits analogues include the va st Kupferschiefer deposit in Eastern Europe. Sediment-hosted

stratiform copper-silver deposits are among the two most important copper sources in the world, the other being

copper porphyries. They are also a major producer of silver. According to the World Silver Survey 2020 KGHM

Polska Miedz’s (“KGHM”) three copper-silver sediment-hosted mines in Poland are the leading silver producer in

the world with 40.2Moz produced in 2019. This is almost twice the production of th e second largest producing

mine. The Polish mines are also the sixth largest global copper miner and in 2018, KGHM produced 30.3 Mt of

ore at a grade of 1.49% copper and 48.6 g/t silver from a mineralized zone that averages 0.4 metres to 5.5

metres thick.

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

Hannan Metals Limited is a natural resources and exploration company developing sustainable and ethical resources of metal needed to

meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of

discovering, financing and advancing mineral projects in Europe and Peru.

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” un der applicable securities laws. Except for

statements of historical fact, certain information contained he rein constitutes forward-looking statements, which include the C ompany’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 incorrect. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily

involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in fu ture periods to differ materially from any

projects of future 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 timing to complete field work and outcom e of results, the granting of the claim applications in Peru, th e potential impact of epidemics, pandemics or

other public health crises, including the current outbreak of th e novel coronavirus known as COVID-19 on the Company’s business, community relations, liabilities inherent in

mine development and production, geological risks, the financial markets generally, and the ability of the Company to raise add itional 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 diffe r materially from those anticipated in such

statements. The Company undertakes no obligati on 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 Regu lation 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

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