Hanstone Announces Debt Financing

HANSTONE ANNOUNCES DEBT FINANCING

Vancouver, BC, July 29, 2024 – Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the “Company” or “Hanstone”) is pleased

to announce that it will be conducting a loan transaction (the “ Loan”) under which it will borrow $ 725,000 (the

“Principal”) from an affiliate (the “Lender”) of Mr. Gurbakhshish “Bob” Hans, a director of Hanstone. In August 2023,

the Lender loaned $400,000 (the “ Original Loan Amount ”) to Hanstone. The new Loan will be conducted under an

amended and restated loan agreement (the “Amended Loan Agreement ”) which contemplates total loaned funds of

$1,125,000, being the Original Loan Amount and the Principal.

Pursuant to the Amended Loan Agreement, the Lender will lend the Principal to Hanstone. The Principal and the Original

Loan Amount will be repayable on the date which is three years from the date of execution of the Amended Loan

Agreement, and will accrue interest at 1 5% per annum, such interest calculated and payable annually in arrears. The

Principal, the Original Loan Amount, and interest thereon will be secured by a perfected first priority security interest in

all present and after-acquired property of the Company. In connection with the Loan, Hanstone will issue to the Lender

14,500,000 common share purchase warrants (each, a “Loan Warrant”), with each Loan Warrant exercisable to acquire

a common share (a “Loan Warrant Share”) at a price of $0. 05 per Loan Warrant Share for three years from the closing

date of the Loan. The Company will use the Principal: to make option payments of $700,000 under the option agreement

respecting the Company’s Doc Mineral property; and for general corporate purposes approved by the board of directors

of the Company.

The closing of the Loan is subject to execution of the Amended Loan Agreement and receipt of the approval of the TSX

Venture Exchange. The securities issued under the Loan will be subject to a four month hold period. There is no material

fact or material change about the Company that has not been generally disclosed.

As Mr. Hans is an insider of the Company, the Loan is a “related party transaction” as defined under Multilateral

Instrument 61-101 (“MI 61-101”). The Loan will be exempt from the formal valuation requirement under MI 61-101

because Hanstone’s securities are not listed on any of the markets specified in MI 61 -101, and the Loan will be exempt

from the minority shareholder approval requirement under MI 61-101 because the aggregate fair market value of the

Loan is not more than $2,500,000 and Hanstone’s independent directors will approve the transaction.

This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any

jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the

securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the

United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States

or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration

requirements and applicable U.S. state securities laws.

About Hanstone Gold Corp

Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally

located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle

is an area which hosts numerous producing and past -producing mines and several large deposits that are app roaching

potential development. The Company holds a 100% earn -in option on the 1,704 -hectare Doc Project and owns a 100%

interest in the 3,336-hectare Snip North Project. Hanstone has a highly experienced team of industry professionals with

a successful track record in the discovery of gold deposits and in developing mineral exploration projects through

discovery to production.

For Further Information Contact:

Ray Marks, President

+1-(778)-896-7778, [email protected]

Or visit the Company’s website at www.hanstonegold.com

Forward Looking Statements Disclaimer

The information contained herein contains “forward-looking statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian

securities legislation. “Forward -looking information” includes, but is not limited to, statements with respect to the

activities, events, or developments that the Company expects or anticipates will or may occur in the future. Generally, but

not always, forward -looking information and statements can be identified using words such as “plans”, “expects”, “is

expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipat es”, or “believes” or the negative

connotation thereof or variations of such words and phrases or state that certain actions, events, or results “may”,

“could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates

and forecasts about Hanstone’s business and the industry and markets in which it operates and will operate. Forward -

looking information and statements are made based upon numerous assumptions, including among others, the results of

planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing

will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental

and other approvals required to conduct Hanstone’s planned exploration activities will be available on reasonable terms

and in a timely manner and that general business and economic conditions will not change in a material adverse manner.

Although the assumptions made by the Company in providing forward -looking information or making forward -looking

statements are considered reasonable by management at the time, there can be no assurance that such assumptions will

prove to be accurate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.