Hana Mining Ltd.

Hana Mining Ltd.

March 27, 2008 18:15 ET

Hana Mining Receives Capital Injection

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG) is pleased to announce that it has closed a non-brokered private placement for aggregate proceeds totaling $1,919,500.

Hana issued 5,484,284 units (the "Units") at a price of $0.35 per Unit. Each Unit is comprised of one common share and one-half of one non-transferable share purchase warrant (the "Warrant"). Each full Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.75 until September 25, 2009, subject to an accelerated exercise clause. This accelerated exercise clause stipulates that if at any time after the first four months of the term of the Warrants the closing price for Hana's common shares is equal to or greater than $1.00 per share for a period of twenty (20) consecutive trading days, then Hana may deliver a notice to the Warrantholders notifying such Warrantholders that they must exercise their Warrants within thirty (30) days from the date of such notice as otherwise the Warrants will expire thereafter. Both the shares acquired by the placees and the shares which may be acquired upon the exercise of the Warrants are subject to a hold period and may not be traded until July 26, 2008.

Drilling to date has tested a 2.5-kilometer strike length at the H-I area and a 500-meter strike length, open in all directions, located 13 kilometers southwest of the H-I area. Drill results from this work have been discussed in press releases dated November 15, 2007, January 14, 2008, February 7, 2008 and March 6, 2008. It is notable that 14 of 15 diamond drill holes assayed and disclosed by Hana have intersected copper-silver mineralization. There are 220 kilometers of prospective strike length of mineralized sediments, based on previous drilling, soil geochemistry and interpretation of airborne magnetic surveys.

The Company has received, and expects that it may continue to receive, expressions of interest regarding possible acquisition offers, joint venture proposals and other merger-related transactions. Any expressions of interest related to such matters will be reviewed and considered by the Company with the best interests of the Company in mind and with a view to enhancing shareholder value. Hana is obligated and committed to informing shareholders when such expressions of interest are material, binding or have a reasonable probability of completion. The Company intends to only advise of such expressions of interest if and when they become material. At present, the Company is not engaged in any discussions regarding any such expressions of interest.

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-silver mineralization.


Investors are invited to visit the Hana Mining IR Hub at www.agoracom.com/IR/HanaMining where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at HMG@agoracom.com.

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

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