Hanstone GOLD Announces Private Placement

HANSTONE GOLD ANNOUNCES PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES.

VANCOUVER, BC – April 21, 2022 – Hanstone Gold Corp . (TSXV: HANS) (FSE: HGO)

("Hanstone" or the " Company"), is pleased to announce that it will be conducting a non-

brokered private placement (the “ Offering”) under which Hanstone will raise aggregate

gross proceeds of $500,000.

The Offering consists of the issuance of an aggregate of 2,000,000 “flow -through” units of

the Company (the “FT Units”) at a price of $0.25 per FT Unit. Each FT Unit is comprised of

one “flow-through” common share of the Company (a “ FT Common Share ”) and o ne

common share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire an

additional common share (a “Warrant Share”, which will not be issued on a “flow -through”

basis) at a price of $0.3 0 per Warrant Share for 12 months from the closing date. The

proceeds received by the Company from the sale of 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, 2022.

In connection with closing, the Company will pay finder’s fees of $ 1,750 and will issue

7,000 non-transferable compensation options, each entitling the holder thereof to purchase

one common share at an exercise price of $0.30 for 24 months.

The closing of the Offering is subject to the receipt of the approval of the TSX Venture

Exchange. The securities issued under the Offering 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.

Insiders of the Company purchased an aggregate of 300,000 FT Units under the Offering,

for gross proceeds of $ 75,000, which constituted a “related party transaction” as defined

under Multilateral Instrument 61 -101 (“MI 61-101”). This participation is exempt from the

formal valuation and minority shareholder approval requireme nts of MI 61 -101 as the fair

market value of such participation does not exceed 25% of the market capitalization of the

Company, as determined in accordance with MI 61-101.

The Company also announced that Jennifer Boyle has resigned from her positions as

Chief Financial Officer and Corporate Secretary of the Company , to focus on other

interests. Hanstone’s board of directors thanks Ms. Boyle for her service. Dong Shim has

been appointed as interim Chief Financial Officer and interim Corporate Secretary of the

Company.

This press 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

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 mineraliz ed 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 limi ted 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”, “anticipates”, 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 antici pated, 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 t hat term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.