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File: HAND_NR_20190423_UnitPP.docx

NEWS RELEASE

HANDA MINING ANNOUNCES PRIVATE PLACEMENT
April 23, 2019 (Vancouver, British Columbia) - Handa Mining Corporation ("Handa Mining" or the "Company") (TSX-V: HAND
--->) is pleased to announce that it expects to issue, by way of a non-brokered private placement, up to 5,000,000 units (
--->a "Unit") at a price of $0.05 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 (a "Warrant"), where e
--->ach Warrant, subject to an acceleration provision, shall entitle the holder thereof to acquire one additional common s
--->hare (a "Warrant Share") of the Company for a total of five years, at a price of $0.05 per Warrant Share.
Handa Mining may accelerate the expiry date of the Warrants if the volume weighted average price of the Company's comm
--->on shares is equal to or above $0.25 for a period of 10 consecutive trading days (the "Triggering Event").  In such ev
--->ent, the Company may accelerate the expiry date of the Warrants to the date that is 30 days following the date on whic
--->h it sends notice to all warrant holders of the new expiry date (the "Notice Date").  The Company shall issue a news r
--->elease on the Notice Date and provide notice of the early expiration date within 10 calendar days of the Triggering Ev
--->ent.
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 a
--->nd stock exchange approvals, including the approval of the TSX Venture Exchange, and such further restrictions as may 
--->apply under foreign securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in 
--->the United States. The securities have not been and will not be registered under the United States Securities Act of 1
--->933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the Uni
--->ted States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or 
--->an exemption from such registration is available.
About Handa Mining Corporation
Handa Mining Corporation (TSX-V: HAND) is a mining and development company that is developing the Mejillones Phosphate
---> Project in Chile in order to bring the Project into production and generate cash flow. As part of its revitalized str
--->ategy, the Company is also pursuing Joint Venture opportunities it order to gain further exposure to surface mining op
--->portunities which are very close to or in production.
For further information, contact:
 Jan Nelson
Chief Executive Officer Handa Mining Corporation
Tel: (604) 428-7050
Email: jan@handamining.com

Reader Advisory
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->the outlook of the business of the Company, including statements relating to the Company's intention to complete the O
--->ffering and the outlook of the business of the Company. Although the Company believes in light of the experience of it
--->s officers and directors, current conditions and expected future developments and other factors that have been conside
--->red appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance sho
--->uld not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results
---> and developments may differ materially from those contemplated by these statements depending on, among other things, 
--->the risks that the Offering may not close for any reason (including the failure to obtain the required approvals or cl
--->earances from regulatory authorities) or that the terms of the Offering may differ from those that currently are conte
--->mplated. The statements in this news release are made as of the date of this release. Except as required under applica
--->ble securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking informat
--->ion.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.