NSTONE GOLD Announces Warrant Extension

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NSTONE GOLD Announces Warrant Extension

VANCOUVER, BC – August 5, 2022 – Hanstone Gold Co rp. (TSXV: HANS) (FSE: HGO) ("Hansto ne" or the

"Company"), intends to extend the exercise period of a total of 18,812,014 share purchase warrants .

12,515,766 of the warrants are exercisable at $0.25 per common share, 2,927,248 of the warrants are

exercisable at $0.35 per common share, and 3,369,000 of the warrants are exercisable at $0.30 per common

share (collectively, the "Warrants").

All of the Warrants were issued pursuant to private placement s 15,443,014 of which closed on August 19,

2020 and 3,369,000 of which closed on December 23, 2020. The Company proposes to extend the expiry

dates for the Warrants by an additional twelve months and accordingly, the new expiry dates for the Warrants

would be August 19, 2023 and December 23, 2023 respectively.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to

acceptance by the TSX Venture Exchange.

A

bout Hanstone Gold

Hans

tone 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 M

arks, President and Chief Executive Officer

F

or Further Information Contact:

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

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

C

autionary Statement Regarding Forward Looking Information:

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orward-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.

Nei

ther 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.