(PresseBox) (Vancouver, Canada) Hannan Metals Limited ("Hannan" or the "Company") (TSXV: HAN) (OTCPK: HANNF - https://www.commodity-tv.com/ondemand/companies/profil/hannan-metals-ltd/) is pleased to report Hannan has doubled the number of systematic channel samples collected at the Tabalosos East prospect within the San Martin JOGMEC Joint Venture ("JV") sediment-hosted copper-silver project in Peru (Figure 1). Results continue to demonstrate high grades with continuity.

Highlights:

Ø Definition of a new zone of mineralization at Renaco that extends mineralization 3 kilometres further south than previously recognized, where a total of 17 channels average 1.1 metres @ 2.1% copper and 29 g/t silver. Highlights at Renaco include some of the highest grades seen on the project to date (Figure 2):

- CH3927: 0.4 metres @ 10.8% copper and 124 g/t silver

- CH243: 2.5 metres @ 2.7% copper and 61 g/t silver

- CH22317: 0.9 metres @ 4.4% copper and 76 g/t silver

Ø Systematic surface channel sampling of the mineralized copper shale at surface has been conducted over 5 separate areas within a 9-kilometre-long by 1-kilometre-wide area that is interpreted to extend with shallow dips to the west for between 2-4 kilometres, with a target depth ranging from surface to 500 metres (Figures 2 and 3). New channel results include (Table 1):

- CH4321: 3.0 metres @ 3.4% copper and 36 g/t silver

- CH22330: 1.4 metres @ 5.5% copper and 68 g/t silver

- CH3917: 2.8 metres @ 1.9% copper and 34 g/t silver

- Across Tabalosos East, which represents only 1% of Hannan's 656 sq km of tenure at the San Martin JV area, a total of 91 channels average 1.0 metre @ 1.9% copper and 28 g/t silver using a lower cut of 0.5% copper over 0.2 metres and range from 3.0 metres @ 3.4% copper and 36 g/t silver to 0.2 metres @ 0.6% copper and 2 g/t silver.

- Widths and grades remain consistent with the drill discovery of the Kupferschiefer copper-silver deposits in 1957.

Ø A geophysical trial induced-polarization pole-dipole survey will commence in February at Tabalosos East with the aim to map mineralization to depth.

Ø A public participation meeting with all stakeholders, to conclude the DIA drill permitting field work component, is expected to be held in February when recently implemented Peruvian COVID-19 capacity restrictions are lifted.

Michael Hudson, CEO, states "Comprehensive channel sampling provides further excitement, with average widths and grades continuing to show context with drill numbers found during the discovery of the vast Kupferschiefer copper-silver deposits. We have also extended mineralization via channel sampling a further 3 kilometres south into the Renaco area with some of the highest grades we have seen on the project to date including channeling 0.4 metres @ 10.8% copper and 124 g/t silver. With social and geophysical programs planned for February we highly anticipate moving toward our maiden drill program in this expanding mineral system around the middle of the year".

At San Martin outcrop is extremely poor with

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