Hana Mining Ltd.
TSX VENTURE : HMG

Hana Mining Ltd.

March 06, 2008 13:18 ET

Hana Receives Additional Results for Ghanzi Copper-Silver Project, Exploration on Other Targets in Progress

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2008) - Hana Mining Ltd. (TSX VENTURE:HMG) is pleased to report results from four new holes completed as part of its ongoing 10,000-meter diamond drilling program at its sediment-hosted Ghanzi Copper-Silver Project in Botswana, Africa. All four holes intersected varying amounts of copper-silver mineralization within the H-I area. Highlights include 7.0 meters grading 1.80% copper, 23.98 grams per tonne (g/t) silver, 674 parts per million (ppm) molybdenum and 3.28 ppm rhenium in hole HA-10-D. This intercept includes a very high-grade section that returned 0.5 meters grading 20.5% copper, 285 g/t silver, greater than 10,000 ppm molybdenum and greater than 50 ppm rhenium.

"We are extremely pleased with the results from drilling at Ghanzi to date," said Peter Wilson, President of Hana Mining. "At the same time, we believe that the real potential lies in outlying targets and intervening untested areas. For example, our exploration efforts have so far focused on a 2.5 -kilometer strike length at the H-I area and a 500-meter strike length located 13 kilometers southwest of the H-I area. In total we have tested approximately three kilometers of the mineralized horizon along a cumulative strike length of at least 140 kilometers. Clearly this is a very exciting time for us."

Hole HA-04-D was designed to twin a low-grade reverse circulation hole in the lower-grade oxide zone. This hole intersected 11.0 meters grading 0.58% copper and 4.67 g/t silver. These values are consistent with those reported in other holes within the oxide zone. The other two holes, HA-11-D and HA-12-D, are infill holes that tested the mineralized zone below the oxide-sulphide transition.



Details of results for the four holes are as follows:

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Hole From To Core Total Silver Molybdenum Rhenium
(m) (m) Length (m) Copper (g/t) (ppm) (ppm)
(%)
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HA-04-D 57.0 68.0 11.00 0.58 4.67 12.40 0.04
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including 58.0 61.0 3.00 1.10 7.80 19.07 0.03
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HA-10-D 157.0 164.0 7.00 1.80 23.98 674.10 3.28
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greater greater
including 159.8 160.3 0.50 20.5 285 than 10,000 than 50
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168.0 173.0 5.00 0.49 5.55 56.20 0.12
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HA-11-D 167.0 180.0 13.00 0.36 4.51 41.90 0.11
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including 167.0 169.0 2.00 0.55 2.63 89.49 0.22
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And 176.0 178.0 2.00 0.92 17.22 99.12 0.40
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HA-12-D 240.0 243.0 3.00 0.52 7.66 24.63 0.07
--------------------------------------------------------------------------


The intercepts reported are core length and are estimated to be within 80% or more of true width. Molybdenum grades were cut to 10,000 ppm and rhenium was cut to 50 ppm.

"The results in HA-10-D, as well as from some earlier holes, clearly illustrate the influence of an enrichment process that remobilized copper and introduced other metals into the mineralized sediments," said Joe Arengi, Vice President of Exploration for Hana Mining. "The net effect is higher-grade mineralization with a higher per tonne value. Closer spaced drilling will be required to delineate the extent of these veins."

Current drilling is focused on the ID1 area, which is situated 13 kilometers southwest of H-I on the south limb of the anticline (see accompanying map -http://media3.marketwire.com/docs/hana306.pdf). A core hole drilled at ID1 by Anglo American in the early 1990s returned 7.5 meters grading 1.38% copper. A total of seven drill holes have been completed to date. Samples have been shipped to the lab and results will be announced upon receipt and compilation.

A program of ground geophysics and percussion drilling will be implemented shortly to assess some of these targets as well as others identified by geochemical soil sampling and reprocessed airborne geophysical data.

Rhenium is a rare metal with only 40.0 tonnes produced worldwide annually. It has a very high melting point, is used in the aerospace and high-tech industries and is currently valued at approximately $8 per gram.

Quality Assurance/Quality Control

Hana has implemented an industry-standard QA/QC program. Drill core is logged, split by sawing and sampled at site. Samples are bagged, labeled, sealed and packed in sealed containers and shipped to ALS Chemex laboratories in Johannesburg, South Africa. Standards, blanks and duplicates are inserted into the sample stream.

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.

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 Project. The property consists of five license blocks covering 4,370 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.

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