Hana Mining Ltd.

Hana Mining Ltd.

July 02, 2009 16:19 ET

Hana Mining Reports

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) (the "Company") announces that pursuant to previous announcements made on March 20, 2009 and April 16, 2009, the Company has settled an aggregate debt of $25,000 owed to certain creditors by the issuance of 104,170 of its common shares (pre-consolidated 312,510 common shares) at a deemed price of $0.24 per share (pre-consolidated at a deemed price of $0.08 per share). This settlement of common shares clears the Company of all outstanding balances owed to the creditors. All shares to be issued in connection with the debt settlement will be subject to a 24 month resale restriction.

The TSX Venture Exchange approved the transactions pursuant to which the common shares are to be issued, of which approvals were received on March 27, 2009 and April 16, 2009.

About Hana Mining

Hana Mining is a junior exploration company developing the highly prospective Ghanzi Copper- Silver Project in Botswana, Africa. The property consists of five license blocks covering 2,200 square kilometers that contain widespread sediment-hosted copper-silver mineralization. The Company has the right to acquire a 70% controlling interest in the Ghanzi Copper-Silver Project.

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.

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

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