Hana Mining Ltd.

Hana Mining Ltd.

March 09, 2009 13:42 ET

Hana Mining Reports 2.69% Cu and 41.0 g/t Ag Over 15.0 Meters and 1.05% Cu and 11.3 Ag Over 9.0 Meters-Newest Drill Intercepts From Ghanzi Copper-Silver Project, in Botswana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2009) - Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to report the results of new copper-silver mineralization at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Four cyclone-percussion holes were drilled along two fences of holes, spaced 2 kilometers apart on the south limb of the Banana Zone. Two of these holes, HA-50-P and HA-54-P, intersected copper-silver mineralization and represent another new mineralized area.

Details of the results for the new holes are as follows:

Zone Hole Number From To Core Length Cu Ag
(m) (m) (m) (%) (g/t)
Banana HA-54-P 75.0 93.0 18.0 2.32 35.1
including 78.0 93.0 15.0 2.69 41.0
and 87.0 93.0 6.0 3.33 52.2
Banana HA-50-P 90.0 99.0 9.0 1.05 11.3
including 96.0 99.0 3.0 1.70 17.7

Intercepts reported are intersection length and are estimated to be 60% or more of true width.

Drill sections and a 3D model can be viewed at the following web address http://www.corebox.net/properties/ghanzi/, or by following a link on the Company's website at www.hanamining.com.

Eight other percussion holes tested low order copper-in-soil geochemical anomalies south of the Banana Zone and only geochemically anomalous values were obtained.

Please note: Map 1 is available on the Marketwire website at the following link: http://media3.marketwire.com/docs/hmg309a.jpg.

These holes were from two of four percussion fences designed to test the projected mineralized horizon along the south limb of the anticline at the Banana Zone. The fences are spaced at 2 kilometer intervals and test a strike length of 6 kilometers in an area where there was no previous work. Holes HA-48-P, HA-49-P and HA-50-P were drilled on the same fence at 50 meter spacing. The first two scout holes intersected reduced hanging wall sediments and failed to intersect the mineralized horizon above the footwall. Hole HA-54-P was one of three holes drilled along the next fence 2 kilometers south. The first two holes in this fence intersected unmineralized footwall sediments and were not submitted for analysis. Mineralization at both holes is open down dip as well as along strike. These results are taken only as an indication of the presence of mineralization and further drill testing is required.

Results are pending for other percussion holes drilled along two fences 2 kilometers and 4 kilometers southwest of hole HA-54-P, respectively. Holes in both fences reported visible copper sulphide mineralization. This mineralization has now been identified at several areas along a 12 kilometer strike length on the south limb of the Banana Zone. The remaining 18 kilometer strike length along the south limb to the southwest is untested. A favourable aeromagnetic signature and coincident high order copper-in-soil anomalies characterize this area.

Please note: Map 2 is available at the following link: http://media3.marketwire.com/docs/hmg309b.jpg.

Quality Assurance/Quality Control

A 35-40 kilogram sample is collected from the cyclone discharge at 1 meter intervals. The sample is then split 75/25; 75% of the sample is archived and the other 25% provides material for analysis. Three meter composite samples from 3 successive intervals are collected from the split of each 1 meter interval. The composited sample is submitted for analysis and the 75%-split is reserved for more detailed 1 meter follow-up sampling and analysis of mineralized intervals. All samples are double bagged, sealed and transported in secured wooden crates and shipped to Scientific Services Laboratory in Cape Town, South Africa.

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 2,200 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.

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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