Hannan Expands Previsto Alkaline Gold Prospect High-Grade Footprint by 400 Metres

Executive Summary

• Rock chip sampling between the Honda Creek and Previsto Central prospects returned a standout result of 4.8 g/t Au, 36.3 g/t Ag, and 174 ppm Cu from metasedimentary siltstone located ~400 m southwest of the existing high‑grade zone.
• A comprehensive field program covering ≈1.8 km² yielded 149 in‑situ rock chip samples (average 0.1 g/t Au, 430 ppm Cu) and additional channel, soil, and boulder sampling that confirm widespread mineralization across the district.
• The company completed the environmental baseline work and obtained a CIRA certificate, positioning it to submit the DIA (environmental permit) for the upcoming drill program in the Previsto district.

Key Details

• High‑Grade Sample: Rock chip 16674 Panel – 4.8 g/t Au, 36.3 g/t Ag, 174 ppm Cu; collected from siltstone with ~2 % pyrite, fault‑controlled setting.
• Sampling Coverage:
• Rock chips: 149 samples (range 0 – 4.8 g/t Au, up to 1.0 % Cu); average 0.1 g/t Au, 430 ppm Cu.
• Channel samples: 146 samples from 22 channels (range 0 – 1.0 g/t Au, up to 0.2 % Cu); average 0.1 g/t Au, 214 ppm Cu.
• Soil geochemistry: 45 samples (range 0.007 – 0.4 g/t Au); average 0.1 g/t Au.
• Area Dimensions:
• Southern work area (Mirador‑Fernandez Creeks) – 1.1 km × 1.2 km polygon containing the 4.8 g/t Au sample.
• Northern work area (East of Palestina Creek) – 1.2 km × 1.0 km polygon extending mineralization north of Previsto Central.
• Structural Controls: High‑grade mineralization appears fault‑controlled within siltstone units, opening new exploration targets in the sedimentary sequence.
• Gap Zone: A 600 m unsampled corridor between the newly identified high‑grade zone and existing mineralization is being targeted for follow‑up work.
• Permit Milestones:
• Completed environmental baseline monitoring (third‑party).
• Secured CIRA (Certificate of Non‑Existence of Archaeological Remains) from Peruvian Ministry of Culture.
• Conducted community outreach in Nueva Palestina, Inca Garcilazo, Chancadora, and Previsto; communities have approved the planned drill program.
• Next Steps: Detailed sampling of the 600 m gap, structural mapping, expanded systematic sampling, integration of results into drill‑program planning, and submission of DIA to DGAAM for drilling approval.

Notable Quotes

“These results represent another significant step in understanding the full potential of our Previsto district… The identification of 4.8 g/t gold shows a small window into a new structural zone… suggests we’re dealing with multiple mineralized trends within a larger system.” – Michael Hudson, Chairman & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the full release.