Within 8 Km BY 1 Km Area at San Martin Project, PERU

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

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

NEWS RELEASE NOVEMBER 30, 2021

HANNAN COPPER-SILVER SHALE AVERAGES 1.0 METRE @ 2.1% COPPER, 29 g/t SILVER

WITHIN 8 KM by 1 KM AREA AT SAN MARTIN PROJECT, PERU

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

HANNF) is pleased to report an update on systematic channel sample results over a large area at the Tabalosos

East prospect within the San Martin JOGMEC Joint Venture (“JV”) sediment-hosted copper-silver project in Peru

(Figure 1).

Highlights:

 Systematic surface channel sampling of the outcropping mineralized copper shale over an 8-kilometre-

long and 1-kilometre-wide area is demonstrating an emerging vie w of mineralization and the

exploration opportunity at Tabalosos East:

o A total of 42 of 53 channels average 1.0 metre @ 2.1% copper and 29 g/t silver using

a lower cut of 0.5% copper and range from 2.0 metres @ 4.9% copper and 62 g/t silver to 0.2

metres @ 0.8% copper and 18 g/t silver.

o Widths and grades are consistent with the drill discovery of th e Kupferschiefer copper-silver

deposits in 1957.

 Better, previously unreported results from 25 channel samples r eported here include 1.5 metres @

4.0% copper and 36 g/t silver and 1.0 metre @ 4.3% copper and 53 g/t silver (Table 1).

Assay results are pending from a n additional 36 channels. Outcr op is extremely poor with <1%

exposed rock in the area. Indiv idual outcrops were located wit h the aid of soil samples and LiDAR

surveying;

 The channel sampled area at Tabalosos East represents only 1% of Hannan’s 656 sq km of tenure at

the San Martin JV area;

 Hannan continues to work closely with local stakeholders. Detailed archaeological work has now been

completed at Tabalosos East and the Certificate of the Inexiste nce of Archaeological Remains

(Certificado de Inexistencia de Restos Arqueológicos, or “CIRA”) has been approved by the Ministry of

Culture from San Martin.

 The 782 line kilometre (“line km”) LiDAR survey over 64,500 hectares at San Martin has been

completed with data analysis to be completed over the next month.

Michael Hudson, CEO, states “The 2021 exploration program has been transformational, as we c ontinue to

determine the scale, continuity and grades of the San Martin JV project. Ten months ago, the project consisted

of high-grade copper-silver float in streams over very large ar eas, with a strong geological context provided by

prior oil and gas exploration data. Today we have now identifie d s t r o n g f a c i e s c o n t r o l s a n d a m a p p a b l e

mineralized copper-shale horizon over large areas. We have completed a comprehensive 2,617-point soil survey

and an industry-leading 782-line kilometre LiDAR survey, which have demonstrated continuity between sporadic

outcrops and mapped an extensive zoned copper-silver system.

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“Now with the addition of a comprehensive channel sampling program provides, the average widths and grades

have context with drill numbers found during the discovery of the vast Kupferschiefer copper-silver deposits. We

also note that the channel sampled area (8 kilometres by 1 kilo metre) represents only 1% of our 656 sq km of

tenure at the San Martin JV area. Local stakeholders support our work, and we have achieved a key milestone

with the receipt of the CIRA certificate. We look forward to the start of our planned maiden drill program at San

Martin during H1 2022.”

Field Work Update

The results of Hannan’s recent w ork include new channel samples and previously partially sampled channels

which now have been extended and re-sampled. The systematic hand-trenching is still ongoing with assay results

pending from 36 channels. A total of 42 out of 53 channels (0.5% copper lower cut) reported from August 2021

to today (Table 1) average 1.0 m @ 2.1 % copper and 29 g/t silv er within an 8 kilometre long and 1 kilometre

wide area (Figure 2). Previously unreported results from 25 channel samples reported here include 1.5 metres

@ 4.0% copper 36 g/t silver and 1.0 metre @ 4.3% copper and 53 g/t silver (Table 1). Outcrop is

extremely poor with <1% exposed rock in the area.

A total of 2,617 soil samples have been sampled across the proj ect area. Soil line spacing varies between 100-

400 meters and between 10-50 meters. Detailed geochemical sampling by handheld pXRF units has mapped a

large zoned copper-silver system, where copper soil anomalies c orrelate well with outcrop discoveries. Zinc

anomalies occur proximal to the copper mineralization whilst ma nganese and iron demonstrate distal behavior

in relation to the copper mineralization (Figure 3).

The 782 line kilometre (“line km”) LiDAR survey over 64,500 hectares at San Martin has now been complet ed

with data analysis to be complete d over the next month. Detaile d lithological and structural mapping in

combination with LiDAR has been used for geological interpretat ion and to infer the continuity of the

mineralization in zones without outcrops. Field work has identified two parallel mineralized levels that have been

mapped and inferred over 8 kilometres of strike. The mineralization is focused in the hinge zone and limbs of an

anticline which is believed to b e influenced by halokinesis fro m s a l t i n f l a t i o n a n d s u b s e q u e n t l y f o l d i n g a n d

thrusting, related to shortening during the Andean orogeny. There still remain high priority targets to be followed

up (Figure 3) and field crews are working on a daily basis to advance geological understanding.

Context with the discovery of the Kupferschiefer

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. KGHM Polska Miedz’s

(“KGHM”) three copper-silver sediment-hosted mines in Poland (t he “Kupferschiefer”) were the leading silver

producer in the world and seventh largest global copper miner in 2020. Quoted resources in 2019 for KGHM

were 1,518 Mt @ 1.86% copper and 55 g/t silver from a mineralized zone that averages 0.4 metres to 5.5 metres

thickness.

To provide context, Hannan’s widths and grade (1.0 metre @ 2.1 % copper and 29 g/t silver) from 42 channel

surface samples reported here at San Martin (lower cut 0.5% cop per), within an area about 8 kilometre long

and 1 kilometre wide, compare with those found during the initial modern-day drill discovery of the

Kupferschiefer copper-silver deposits.

 In 1957 the discovery drillhole (Sieroszowice IG 1) intersected 2.0 metres @ 1.5% copper at the depth

of 657 metres.

 In 1959 the Lubin-Sieroszowice deposit, based on the results fr om 24 drillholes contained 1,365 Mt @

1.4% copper and 26 g/t silver in indicated resources, with a thickness ranging between 0.2–13.1 metres

in an area about 28 kilometres long and 6 kilometres wide between 400 to 1000 metres depth.

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Hannan’s sampling, to date, has been confined to surface channel sampling.

Certificate of the Inexistence of Archaeological Remains

In other news, the Certificate of the Inexistence of Archaeological Remains (Certificado de Inexistencia de Restos

Arqueológicos, or CIRA) has been approved by the Ministry of Culture from San Martin. All investment projects,

whether public or private, are required to have the CIRA before starting works. This certificate is one of the

requirements for exploration activities and is a requirement for the Environmental Impact Statement (Declaración

de Impacto Ambiental, or "DIA") study to allow low impact mineral exploration programs, that include diamond

drilling, to proceed in Peru. The CIRA is the document by which the State certifies that, in a given area, there

are no archaeological remains on the surface.

T h e n e x t a n d f i n a l s t e p b e f o r e l o d g m e n t o f t h e D I A i s t o h o l d a p u b l i c p a r t i c i p a t i o n m e e t i n g w i t h l o c a l

stakeholders, which is expected to take place shortly. Drillin g at San Martin is expected to be permitted and

take place during H1 2022.

Technical Background

All samples were collected by Ha nnan geologists. Rock and sedim ent samples were transported to ALS in Lima via third

party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods.

The sample preparation involved crushing 70% to less than 2mm, 250g riffle split, pulverize split to better than 85% passing

75 microns. The crushers and pulverizes were cleaned with barren material after every sample. Samples were analyzed by

method ME-MS61, a four acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials.

Analysis is via ICP-MS.

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

the true width of mineralization, while grab samples are select ive by nature and are unlikely to represent average grades

on the property.

About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)

Hannan Metals Limited is a natural resources and exploration co mpany developing sustainable resources of metal needed

to meet the transition to a low carbon economy. Over the last d ecade, the team behind Hannan has forged a long and

successful record of discovering, financing, and advancing mine ral projects in Europe and Peru. Hannan is a top ten in-

country explorer by tenured area in 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 disclosure contained in this news release may constitut e forward-looking information or forward-looking

statements, within the meaning o f Canadian securities laws. The se statements may relate to this news release and other matters identified in the

Company's public filings. In making the forward-looking stateme nts the Company has applied certain factors and assumptions tha t are based on the

Company's current beliefs as well as assumptions made by and in formation currently available to the Company. These statements address future events

and conditions and, as such, involve known and unknown risks, u ncertainties and other factors which may cause the actual resul ts, performance or

achievements to be materially different from any future results , performance or achievements expressed or implied by the state ments. These risks and

uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation

of mining projects; the threat associated with outbreaks of vir uses and infectious diseases, including the novel COVID-19 viru s; risks related to negative

publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community rela tions. Readers are

cautioned not to place undue reliance on forward-looking statem ents. The Company does not intend, and expressly disclaims any intention or obligation

to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the TSX Vent ure Exchange) accepts

responsibility for the adequacy or accuracy of this news.

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Table 1: Results from 42 out of total 53 channel samples from Tabalosos East reported through August

2021 to current date. Lower cut >0.5 % copper. Channel samples average of 1.0 metre @ 2.1% copper

and 29 g/t silver.

Channel ID Width (m) Cu % Ag g/t Reported date

23760 2.0 4.9 62 9-Aug-21

3861 2.8 3.3 49 20-Sep-21

3803 2.2 4.1 47 9-Aug-21

23999 1.2 5.4 62 9-Aug-21

109 1.5 4.0 36 here

3823 1.3 3.5 86 9-Aug-21

3892 1.0 4.3 53 here

23758 2.6 1.1 12 here

102 3.1 0.8 10 here

4310 0.9 2.7 39 here

23793 1.0 2.3 21 here

3862 2.0 1.1 14 20-Sep-21

23992 2.0 1.0 19 here

4313 1.7 1.2 27 here

3888 0.8 2.3 24 9-Aug-21

118 0.8 2.3 24 here

3896 1.0 1.7 19 here

23780 0.2 6.9 89 here

4309 0.4 3.4 30 here

114 0.6 2.2 43 here

3819 0.5 2.6 53 9-Aug-21

3821 1.8 0.7 12 9-Aug-21

23781 0.2 6.0 63 here

23784 0.6 1.8 30 here

23993 0.5 2.0 35 here

3814 1.2 0.8 16 9-Aug-21

23787 0.7 1.3 13 here

4516 0.2 6.1 158 here

3806 1.0 0.9 9 9-Aug-21

3846 1.0 0.9 10 here

4507 0.4 2.1 29 here

23998 0.7 1.0 11 9-Aug-21

23991 1.2 0.5 7 here

3858 0.2 2.2 27 here

23762 0.4 1.0 19 9-Aug-21

23786 0.5 0.8 9 here

23789 0.7 0.5 4 here

7 0.5 0.6 8 here

23778 0.2 1.2 12 here

4508 0.4 0.6 7 here

3853 0.4 0.5 8 here

106 0.2 0.8 18 here