Hana Mining Ltd.
TSX VENTURE : HMG
FRANKFURT : 4LH

Hana Mining Ltd.

October 13, 2008 13:22 ET

Hana Mining Amends $1.5 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2008) - Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) announces that it has amended the terms of the private placement announced September 11, 2008.

The non-brokered private placement will now consist of up to 10,000,000 units (the "Units") at a price of $0.15 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one additional common share of the Company for a period of 18 months from the closing date of the placement (the "Closing Date"), at a price of $0.30 per share.

As previously announced, the Company has agreed to pay a finder's fee of 5% in connection with a portion of the private placement and the finder may elect to take all or a portion of the fee in Units.

The private placement is subject to acceptance by the TSX Venture Exchange.

The net proceeds of the private placement will be used to fund ongoing exploration of its highly prospective Ghanzi Copper-Silver Project located in the Republic of Botswana including increasing the number of drilling rigs on the property and to develop the property's mineralization into proven, indicated and inferred resource categories.

The offered securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the Company in the United States.

About Hana Mining

Hana Mining is a junior exploration company seeking to acquire, explore and develop highly prospective precious, base metal and other mineral projects worldwide with emphasis in southern Africa. The Company has the right to acquire a 70% controlling interest in the Ghanzi Copper-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper mineralization.

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

Contact Information