Poseidon Offshore Minerals Limited License Application Update

Suite 1305, 1090 West Georgia Street

Vancouver, BC V6E 3V7 Canada

Phone: 1 604.685.9316 / Fax: 1 604.683.1585

NEWS RELEASE August 13th, 2018

Poseidon Offshore Minerals Limited License Application Update

Vancouver, Canada – Hansa Resources Ltd. (“Hansa” or the “Company”) (TSXV-HRL) provides this

further update to the Company’s news releases of March 20, 2018 and June 20, 2018 in regards to the

Company’s option agreement with Poseidon Offshore Minerals Inc. (“Poseidon”) for the grant to the

Company of an option to earn an interest in an offshore mineral reconnaissance license (the “License”) to

explore for gold, diamond, heavy minerals and aggregate in an area on the continental shelf of Ghana.

A license fee of US$100,000 was advanced by the Com pany and paid to the Government of Ghana

however to date the Company has not received the subject License and at this time does not have a

timetable for when the License will be granted or if an amendment will be required to the License terms

including the License area.

The delay in obtaining the L icense has impacted the closing of the Company’s previously announced

financing and all funds held in trust have been returned to the subscribers. Once the License is granted the

Company will then seek to close the necessary financing to fund work programs for the License.

ABOUT HANSA RESOURCES LTD.

Hansa Resources Limited is a TSX -V listed and Frankfurt traded Canadian mineral exploration company

engaged in the acquisition, exploration and development of ba se and precious metal properties. Hansa

Resources is committed to building shareholder value through minimizing risk and maximizing potential

value of the C ompany's projects, utilizing Hansa's highly experienced, flexible and successful Board of

Directors and Management.

On behalf of the Board,

"John Nugent"

John Nugent, President

For further information, please visit:

www.hansaresources.com

Neither the TSX Venture Exchange , its Regulation Services Prov ider (as that term is defined in the policies of the

TSX Venture Exchange) nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accurac y of

this news release.

Cautionary Note Regarding Forward -Looking Statements: This news relea se includes certain

forward-looking statements and forward- looking information (together, “forward- looking statements”).

All statements other than statements of historical fact included in this release, including, without

limitation, statements regarding t he the Option Agreement , the Company’s option to acquire an indirect

interest in the License, if granted, and the grant of the License , other future plans and objectives of the

Company and prospects and potential mineralization on the License area are forw ard-looking

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statements. There can be no assurance that such statements will prove to be accurate and actual results

and future events may vary from those anticipated in such statements. Important risk factors that could

cause actual results to differ materially from the Company's plans or expectations include failure to

obtain TSX Venture Exchange acceptance, failure to remove conditions to completion of the transaction

pursuant to the Option Agreement (the ” Transaction”), including the failure of the License to be granted

to Poseidon, failure to raise sufficient funds on the proposed terms or at all, and risks associated with

mineral exploration, including the risk that actual results of exploration will be different from those

expected by management and th e risk that potential mineralization will not be upgraded or verified, and

the other risks disclosed in this news release. The forward -looking statements in this news release were

developed based on the assumptions and expectations of management, including that TSX Ventu re

Exchange acceptance for the T ransaction will be obtained, the License will be granted to Poseidon, the

other conditions to completion of the Transaction will be satisfied, required fundraising will be

completed, the other assumptions disc losed in this news release and that the risks described above will

not materialize. There can be no assurance that the Transaction will complete. The Company 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 otherwise required by applicable

securities legislation.