Mr. Michael Hudson reports

HANNAN ANNOUNCES LEADERSHIP TRANSITION

Lars Dahlenborg has stepped down as president of Hannan Metals Ltd., effective immediately. Mr. Dahlenborg, who is a founding member of Hannan, will remain with the company as a senior consultant for a six-month period to ensure a seamless transition.

Michael Hudson, executive chairman and chief executive officer, stated: "On behalf of the board of directors and the entire Hannan team, I extend our sincere gratitude to Lars for his vision, dedication and leadership as a founder and president of Hannan. His geological expertise and strategic direction have been instrumental in advancing our projects to their current promising stage. We respect Lars's decision and are thankful that he will continue to support the company during this transition period, reflecting his ongoing commitment to Hannan's success."

The company does not plan to immediately fill the president role, having strategically expanded its leadership capabilities over the past year. Hannan has strengthened its local management and technical teams under the guidance of company director and Peru general manager Katty Vargas, positioning the company to effectively execute its upcoming exploration initiatives.

Hannan is fully permitted and prepared to commence drill testing of the substantial porphyry copper-gold and epithermal gold mineral systems at the Ricardo Herrera, Vista Alegre and Sortilegio prospects within the Belen area of the Valiente project, Peru. Drilling operations are scheduled to begin in the second week of May, 2025.

About Hannan Metals Ltd.

Hannan Metals is a resource and exploration company discovering and developing sustainable resources of metal needed to meet the transition to a low-carbon economy. Over the past decade, the team behind Hannan has forged a long and successful record of discovering, financing and advancing mineral projects in Europe and Peru.

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