Hana Mining Ltd.

Hana Mining Ltd.

August 10, 2009 09:00 ET

Hana Mining Ltd. Announces the Formation of an Advisory Board to Further Support Development of Its Exciting Copper-Silver Resource (Ghanzi Project) in Botswana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2009) - Hana Mining Ltd. ("the Company"), (TSX VENTURE:HMG) (FRANKFURT:4LH) announces that it has formed an Advisory Board to counsel the Company's CEO and corporate Board of Directors in matters related to continuing exploration and development of it's Ghanzi Project in Botswana. Three initial appointees to the Advisory Board bring considerable depth of capability in mining, exploration, African business development and financial matters. The three appointees to the newly created Advisory Board are:

Mr. Anton Gabriel Esterhuizen, MSc (Mineral Exploration) FGSSA, MSME. Mr. Esterhuizen is an exploration geologist with more than 30 years of industry experience, with degrees from the University of Pretoria (BSc) and Rhodes University (MSc - Mineral Exploration). Since founding Pangea Exploration (Pty) Limited with partners in 1987, where Mr. Esterhuizen currently serves as Managing Director, he has been instrumental in the discovery and development of numerous important mineral resources, including:

- South Africa. Rhovan vanadium deposit (Xstrata), Taaiboschspruit colliery and the re-evaluation of the 16 million ounce Burnstone gold deposit (Great Basin Gold),

- Tanzania. Tulawaka, Buzwagi and Golden Ridge deposits (now Barrick Gold),

- Mozambique. Discovery of five titanium-zirconium mineral sand deposits including Corridor Sands (now BHP), and

- Kenya. Tiomin Kwale deposit.

In addition to his role as MD of Pangea Exploration, Mr. Esterhuizen also serves as a director of Tanzanian Royalty Exploration Corporation (TSE and AMEX) and NWT Uranium Corporation Inc (TSX). He is a fellow of the Geological Society of South Africa, has been awarded the Des Pretorius Memorial Award for outstanding work in economic geology in Africa, and has received the Dreyer Award by the Society for Mining Metallurgy and Exploration Inc (USA) for outstanding achievements in applied economic geology.

Mr. Chris Barrow, CA, Ba (Commerce) University of Cape Town, SA. Mr. Barrow is an international executive, currently serving as President, Grupa Zywiec, in Warsaw, Poland for Heineken NV, a listed company on the Warsaw stock exchange. Mr. Barrow has held senior positions with both Heineken NV and SABMiller plc for over 20 years and has directly managed businesses in over 20 different countries. Mr. Barrow has had responsibility for the beverage business and/or strategy for all of the Americas (USA/Central America/South America), China, Hong Kong, India, and parts of Europe and Africa. He has extensive experience in strategy development and in engineering sales and profit growth in numerous countries and regions for both Heineken and SABMiller.

Mr. George Putnam, MBA (Finance), Duke University. Mr. Putnam is the former CFO for QGX Ltd., a TSX-listed exploration company recently sold to Kerry Group of Hong Kong (9/08). Prior to QGX, Mr. Putnam worked for over 20 years for BHP (now BHP-Billiton) and GE/Utah International. He held division CFO roles in both a petroleum refining and marketing business, and in BHP Manganese, an ore mining, smelting and refining business located in Australia. His M&A background includes both aquisitions and divestitures work for BHP and other clients, including associated financings, along with critical work on building value in QGX's mineral properties and supporting that successful sale in Q3 2008. Mr. Putnam is currently advising Hana Mining directly on strategy matters and investor relations, in addition to his work on the Advisory Committee.

Hana Mining's CEO, Marek Kreczmer, commented as follows:

"I am very excited to have these three advisors in a position to contribute to the development of value for Hana's shareholders. Anton is obviously a superb resource for us in terms of exploration and development strategy and geologic understanding. His years of work in the region will be of immediate value to us as we proceed with exploration and resource development at Ghanzi. Both Chris and George bring valuable strategy and business planning skills to the team. Chris is a South African native and can offer a great combination of international business skills, contacts and familiarity with African commerce and custom, while George can add the finance and economic perspectives we need to ensure we both maximize project value and grow shareholder value."

About the Ghanzi Copper-Silver Project in Botswana

The Ghanzi Project is located in northwestern Botswana. The property consists of license blocks covering 2,200 sq. km, and contains a sediment-hosted copper-silver resource on which Hana Mining has the right to acquire an initial 70% controlling interest with a further right to acquire the remaining 30% interest. The Company recently released it's first NI 43-101 resource estimate (see press release dated June 1, 2009) for the project, announcing an inferred resource of 2.9 Billion lb of copper and 51.5 Million oz of silver from 163.5 million tonnes (0.3% Cu cut-off grade). The company is actively drilling to expand the resource, which is currently open along strike and depth.

Hana Mining Ltd. is listed on the TSX Venture Exchange ("HMG") and the Frankfurt Exchange ("4LH").

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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