Mr. Jan Nelson reports

HANDA MINING ANNOUNCES PRIVATE PLACEMENT

Handa Mining Corp. expects to issue, by way of a non-brokered private placement, up to five million units at a price of five cents per unit for total gross proceeds of up to $250,000.

Each unit will consist of one common share of the company and one common share purchase warrant, where each warrant, subject to an acceleration provision, shall entitle the holder thereof to acquire one additional common share of the company for a total of five years, at a price of five cents per warrant share.

Handa Mining may accelerate the expiry date of the warrants if the volume-weighted average price of the company's common shares is equal to or above 25 cents for a period of 10 consecutive trading days. In such event, the company may accelerate the expiry date of the warrants to the date that is 30 days following the date on which it sends notice to all warrantholders of the new expiry date. The company shall issue a news release on the notice date and provide notice of the early expiration date within 10 calendar days of the triggering event.

The net proceeds from the offering will be used for working capital and general corporate purposes. The units will be subject to a statutory hold period of four months following the date of issuance. Closing of the offering is expected to occur within the next three weeks.

The offering is subject to certain conditions, including, but not limited to: the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange, and such further restrictions as may apply under foreign securities laws.

About Handa Mining Corp.

Handa Mining is a mining and development company that is developing the Mejillones phosphate project in Chile to bring the project into production and generate cash flow. As part of its revitalized strategy, the company is also pursuing joint venture opportunities to gain further exposure to surface mining opportunities, which are very close to or in production.

We seek Safe Harbor.