Hannan Completes Maiden Drill Program at High-Grade Gold Project Stavatrask in Sweden and TSXV Accepts Acquisition for Filing

Hannan Metals Limited has completed its maiden diamond drill program at the Stavaträsk gold project in Sweden, drilling seven holes for a total of 1,040 meters. Assay results from this initial work are expected within six weeks, with a second 1,000-meter drill program planned contingent on those findings.

The TSX Venture Exchange has accepted the Company's Option Agreement for filing, granting a 100% interest in three Swedish projects: Stavaträsk, Skellefteå North, and Ådelfors. The agreement requires staged share issuances, including 400,000 shares already issued, 600,000 shares upon completion of the second program, and 3,500,000 shares upon completing the 100% earn-in, which requires C$2 million in cumulative expenditures. A 2% Net Smelter Return (NSR) royalty is retained by the vendor, re-purchasable for C$3 million.

Management reiterates that the Previsto project in Peru remains the flagship asset and primary focus, with Swedish exploration designed to complement rather than replace Peru work.

Hannan Metals Ltd. (HAN) has completed its maiden drill program and received TSXV acceptance of its option filing, procedural milestones that follow the company’s announcements on June 10 and June 22. The share issuance structure and royalty terms were fully disclosed in the initial option agreement, with the TSXV acceptance serving as a standard regulatory step that removes filing uncertainty without altering the fundamental economics or exploration timeline.

No new assay data or geological discoveries are disclosed in this release. The market is now awaiting the first assay results, which are expected in six weeks. The news is expected and incremental, representing routine execution of a previously announced strategy without containing genuinely new, unexpected, or market-moving information.

Hannan Metals Ltd. (HAN) is a pre-revenue junior exploration company focused on discovering large-scale gold and copper deposits. Its flagship project, Previsto in Peru, is an alkalic porphyry-epithermal gold-copper system. Recent channel sampling has expanded the high-grade footprint to a 13 km strike length with a 100% hit rate across 148 samples. The system is compared to world-class analogues like Cripple Creek.

The company also holds secondary assets, including the Belen project in Peru, where maiden drilling has been completed across three targets. Additionally, a newly acquired Swedish portfolio comprising Stavaträsk, Skellefteå North, and Ådelfors adds high-grade gold exploration optionality in a tier-one jurisdiction. Management is led by CEO Michael Hudson, a Qualified Person under NI 43-101.