Hanstone GOLD Announces Closing of Private Placement Financing

HANSTONE GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

VANCOUVER, BC – June 30, 2021 – Hanstone Gold Corp. (TSXV: HANS) (FSE: HGO) (" Hanstone" or

the " Company"), is pleased to announce that it has closed its previously announced brokered private

placement offering, consisting of: (i) units of the Company (the “ Units”) at a price of $0.40 per Unit, and

(ii) flow-through units of the Company (the “FT Units”) at a price of $0.44 per FT Unit, for aggregate gross

proceeds of $954,396 (the “ Offering”). The Offering was led by Research Capital Corporation as sole

agent and sole bookrunner (the “Agent”).

Each Unit consists of one common share of the Company (a “ Common Share”) and one Common Share

purchase warrant (a “ Warrant”). Each FT Unit co nsists of one Common Share of the Company which

qualifies as a “flow -through share” (within the meaning of the Income Tax Act (Canada)) (each, a “ FT

Common Share”) and one Warrant.

Each Warrant is exercisable to acquire one Common Share (a “ Warrant Share”) at a price of $0.47 per

Warrant Share for a period of 24 months from the Closing Date.

The Company intends to use the net proceeds from the Offering for its ongoing exploration drilling

program, working capital requirements and other general corporate purposes. The gross proceeds

received by the Company from the sale of the FT Units will be used to incur eligible "Canadian exploration

expenses" (“ CEE”) that are "flow -through mining expenditures" (as such term is defined in the Income

Tax Act (Canada)) related to the Company’s Doc and Snip North projects. The Company will renounce

such CEE to the purchasers of the FT Units with an effective date of no later than December 31, 2021.

In connection with the Offering, the Agent received an aggregate cash fee of $59,887 and 142,844 non-

transferable compensation options (the “ Compensation Options”). Each Compensation Option entitles

the holder thereof to purchase one Unit at an exercise price equal to $0.40 for a period of 24 months

following the Closing Date.

The securities described herein have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities laws, and

accordingly, may not be offered or sold within the United S tates except in compliance with the registration

requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to

exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any

securities in any jurisdiction.

About Hanstone Gold

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 approaching potential development. The Company holds a

100% earn in option in 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.

Ray Marks, President and Chief Executive Officer

For Further Information Contact:

Carrie Howes, Director of Communications, +1-(778)-551-8488, [email protected]

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

Cautionary Statement Regarding Forward Looking Information:

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 informatio n and

statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”,

“estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or

variations of such words and phrases o r 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, beli efs,

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 assumpt ions 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.

Forward-looking information and statements also involve known and unknown risks and uncertainties and

other factors, which may cause actual results, performances, and achievements of Hanstone to differ

materially from any projections of results, performances, and achievements of Hanstone expressed or

implied by such forward -looking information or statements, including, among others, negative operating

cash flow and dependence on third party financing, uncertainty of the availability of additional financing,

the risk that future as say results will not confirm previous results, imprecision of mineral resource

estimates, the uncertainty of commodity prices, aboriginal title and consultation issues, exploration risks,

reliance upon key management and other personnel, deficiencies in th e Company’s title to its properties,

uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and

licenses, changes in laws, regulations and policy, competition for resources and financing, or other

approvals

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in the forward -looking information or implied by forward -looking

information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward -looking information and statements will prove to be accurate, as

actual results and future events could differ materially from those anticipated, estimated or intended.

Accordingly, readers should not place undue reliance on forward -looking statements or information. The

Company undertakes no obligation to update or reissue forward -looking information because of new

information or events except as required by applicable securities laws

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.