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Hannan Metals Ltd.: Hannan Announces US$2M JOGMEC JV Annual Budget at San Martin, Peru and Exercise of C$1.1M Warrants VANCOUVER, BC / ACCESSWIRE / April 28, 2021 / Hannan Metals Limited ) is pleased to announce that its joint venture partner in Peru, Japan Oil, Gas and Metals National Corporation ( JOGMEC ) has confirmed a US$2M budget from April 2021 through to March 2022 for the San Martin project. Additionally, during the current fiscal year, an aggregate of 4,877,233 common share purchase warrants (the Warrants ) have been exercised, for aggregate gross proceeds to the Company of C$1.1M. Highlights: JOGMEC has confirmed a US$2M budget from April 2021 through to March 2022 for the 815 sq km San Martin ( Joint Venture ) JV project as part of the Second Base Earn-in Period. Under the JV Agreement, JOGMEC has the option to earn up to a 75% beneficial interest in the project by spending up to US$35,000,000 to deliver to the joint venture a feasibility study;

United statesBritish columbiaMichael hudson fausMichael hudsonMariana bermudezPolska miedzNational instrumentSecond base periodHannan metals limitedMetals national corporationHannan metalsHannan metals ltdWorld silverJapan oilVenture exchangeRegulation services provider