Mr. Michael Hudson reports

HANNAN DEFINES SEVEN NEW DRILL TARGETS FROM AN EXTENSIVE SOIL GEOCHEMICAL SURVEY AROUND THE KILBRICKEN ZINC DEPOSIT, IRELAND

Hannan Metals Ltd. has identified seven new anomalous areas by an extensive soil geochemical survey covering greater than 200 square kilometres surrounding the 100-per-cent-owned Kilbricken zinc-lead-silver deposit in County Clare, Ireland. The Kilbricken deposit forms a strong geochemical signature at surface and the geochemical surveys were undertaken to search for new anomalies in a similar geological setting to that of Kilbricken. In combination with other geological data, these new anomalous soil areas are considered immediate high-priority drill targets.

Key points:

• A 12-kilometre by two km long northwest-trending multielement geochemical anomaly has been discovered. Within this trend there are four Kilbricken-sized multipoint anomalies which have never been drill tested, including a southerly extension to the Ballyhickey historic mine;
• Outside the main 12-kilometre trend a further three geochemical have been identified;
• Multielement soil sample coverage above and surrounding the Kilbricken zinc deposit now extends over more than 200 square kilometres;
• All seven main anomalies defined are drill targets. As geochemical anomalies may not be located directly above potential mineralization due to dispersion along structural breaks, the geochemical data will be used in conjunction with gravity data and the recently completed 2-D seismic data to better locate drill holes;
• A total of 961 samples have been collected to date. Further soil sampling on Hannan's County Clare project to infill and extend anomalies is continuing.

Michael Hudson, chief executive officer and chairman, states: "Our double-pronged exploration strategy in Ireland is now taking shape. At the prospect scale, Hannan's previous six months of drilling near Kilbricken has successfully expanded the mineralized footprint outside the resource area. At a regional scale, this newly acquired regional soil data, in combination with the recently completed 42-kilometre 2-D seismic survey, provides the excellent opportunity for additional discoveries. The soil survey clearly demonstrates the zinc-lead prospectivity of Hannan's extensive landholding of 35,444 hectares, with seven Kilbricken-sized multipoint anomalies located in prospective geological settings."

Geochemical sampling grids at Hannan's Clare County project now cover over 200 square kilometres with a soil sample spacing of 500 metres by 250 metres. Over the Kilbricken prospect, a 30-square-kilometre area was covered with a denser grid with 250 m by 250 m spaced samples. Recent sampling by Hannan now comprises a total of 961 samples, which together with 1,633 samples collected by Lundin Mining, totals 2,594 samples. The sampled area is covered by a thin veneer of glacial till derived from limestone and karstified bedrock.

Technical background

Analytical samples were transported by Hannan personnel from site to the ALS Loughrea located at Dublin Road, Loughrea, County Galway, Ireland. At the laboratory samples are dried, sieved to 180 um fraction, digested in aqua regia, and analyzed by the multielement ICP-MS method ME-MS41. The quality assurance/quality control program of Hannan consists of the systematic collection of field duplicates and insertion of blanks at the start of each batch. In addition, ALS inserts blanks and standards into the analytical process.

About Hannan Metals Ltd.

Hannan Metals has 100-per-cent ownership of the County Clare zinc-lead-silver-copper project in Ireland, which consists of nine prospecting licences for 32,223 hectares.

Over the last decade, the team behind Hannan has forged a long and successful record of financing and discovering mineral projects in Europe. Additionally, the team holds extensive zinc experience, gained from the world's largest integrated zinc producer of the time, Pasminco Ltd.

Mr. Hudson, FAusIMM, Hannan's chairman and CEO, a qualified person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

National Instrument 43-101 technical report

On Aug. 22, 2017, Hannan filed an independent National Instrument 43-101 technical report on the mineral resource estimate for the Kilbricken zinc-silver-lead-copper project in Clare, Ireland, for Hannan Metals in support of the company's news release dated July 10, 2017. The NI 43-101 technical report was authored by Geoff Reed of Reed Leyton Consultants and Dr. John Colthurst who are independent "qualified persons" as defined by National Instrument 43-101. The NI 43-101 technical report may be found under the company's profile on SEDAR.

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