Mr. Michael Hudson reports

HANNAN ANNOUNCES EXERCISE OF WARRANTS FOR C$2.25 MILLION

Further to Hannan Metals Ltd.'s news release of July 3, 2025, 4,518,111 warrants have been exercised at a price of 50 cents, adding $2,259,055 to the company's treasury. The warrants were issued in connection with a private placement that closed on June 27, 2024. With the exercise of the warrants, there are no remaining warrants outstanding.

Michael Hudson, chief executive officer and executive chairman, states: "We thank our shareholders for their continued confidence in Hannan. The exercise of these warrants, adding $2.25-million to our treasury, strengthens our position as we advance our pioneering exploration strategy in Peru. This capital comes at a pivotal time as we drill our projects for the first time and continue to open up new frontiers in the search for the next generation of large-scale gold-copper deposits."

About Hannan Metals Ltd.

Hannan Metals is an exploration company focused on the discovery of large gold and copper mineralizing systems in new frontiers in Peru. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing and advancing mineral projects in Australia, Europe and South America.

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