Hannan Doubles Prospective Corridor to 13 km at Previsto, Peru

• Headline: Hannan Doubles Prospective Corridor to 13 km at Previsto, Peru (Date: 2026-04-20).
• Core Announcement: The company identified a new zone "Previsto Far North" via high-resolution remote geological mapping and photogrammetry.
• Key Metric: Extends the known district-scale mineralizing corridor by approximately 6.7 km to the north, doubling the prospective footprint to 13 km total.
• Methodology: Utilized 1.5 m resolution LiDAR data (20-fold increase from previous 30 m DEM) and stream sediment geochemistry.
• Geochemical Data: Stream sediment results in the catchment covering 65% of the new zone returned 2.4 ppb Au compared to a 0.2 ppb background (12-fold enrichment).
• Geological Context: System is alkalic porphyry-epithermal type; company notes direct analogues to Cripple Creek deposit in Colorado.
• Next Steps: Deployment of geology team for soil sampling and mapping over the 6.7 km corridor in Q2 2026. No drilling results provided for this specific new zone yet.

• Positive Impact: Doubling the prospective footprint from ~6.7 km to 13 km is a significant geological milestone that increases the potential resource envelope substantially. It validates the district-scale model management has been promoting since late 2025.
• Critical Caveat: The news relies on remote sensing (LiDAR) and surface geochemistry, not drill core. While the geochemical anomalies are strong (12-fold enrichment), they do not confirm grade or continuity at depth. This is a "target generation" update rather than a resource definition update.
• Market Context: The stock has declined significantly from $1.48 (April 2025) to $0.52 (April 2026). The market may be skeptical of surface-only updates without drilling confirmation, especially given the previous financing dilution at C$0.75/share in late 2025.
• Comparison to History: This follows a pattern of incremental expansion news since December 2025 (validating km-scale systems). While positive, it is part of a continuous campaign rather than a singular surprise discovery. However, the scale increase (doubling) distinguishes it from routine sampling updates.

• Company: Hannan Metals Ltd is an exploration-stage mining company focused on gold and copper assets in Peru.
• Flagship Project: Previsto (DIA Amanecer) Project, Valiente Belt, Peru. 100% owned.
• Project Status: Exploration stage. Permitting for drilling (DIA) expected Q2 2026.
• Geology: Alkalic porphyry-epithermal system with analogues to Cripple Creek, Colorado. Characterized by roscoelite, adularia, fluorite, and pseudoleucite-bearing syenite porphyries.
• Other Assets: Belen Project (DIA Valiente) - Drilling completed on some targets, results pending or modest. Cerro Rolando, Chile option terminated.