New Hana Copper Mining Ltd.

New Hana Copper Mining Ltd.

September 21, 2011 07:00 ET

New Hana Announces Appointment of Highly Experienced and Successful Consultant to Assist Exploration Program at the Kuke Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - New Hana Copper Mining Ltd., ("HML" or the "Company") (TSX VENTURE:HML) is pleased to announce that it has appointed Mr. Fouché ("Sas") du Plessis Burgers as a consultant to the Kuke Copper-Silver Project. Mr. Burgers is also the Chief Geologist at Hana Mining Ltd. (TSX VENTURE:HMG).

Mr. Burgers, Hons. B.Sc., is a professional mining and exploration geologist and a certified rock mechanics engineer. He has more than 30 years' experience in exploration, underground and open pit mining operations in South Africa, Mozambique, Ghana and the Democratic Republic of the Congo ("DRC"). He held multiple high level management positions including Chief Mining and Exploration Geologist, Consulting Geologist, Technical Services Manager, Ore Resource Manager and Business Unit Leader (Mine Manager). Mr. Burgers is member of the Geological Society of South Africa. He is also registered as a Natural Scientist (Pri, Sci, Nat) with the South African Council for Natural Scientific Professions.

From March 2009 until recently, Mr. Burgers worked for Metorex Ltd. as the Ore Resource Manager at Ruashi, a stratiform copper mine in the DRC where he was instrumental in their dramatic resource increase. He was also the Competent Person at the mine and responsible for signing off the mine's Resource Model and Competent Persons Report (CPR) to Metorex. His managerial involvement includes defining, modeling and expanding the ore body according to the SAMREC code of compliancy. He also managed the Exploration geology, Mining geology, Survey, Geo-hydrology, Mine planning and Geo-technical departments assisted by various consultants. His department was also responsible for the life of mine modeling, the increase in the ore reserve and the 2-year operational plan. Mr. Burgers' most recent position with Metorex was as the Regional Geologist DRC to expand the base metal interest of Metorex within the DRC.

Mr. Burgers has been granted 150,000 incentive stock options exercisable at a price of $0.50 per share expiring on August 12, 2016. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest upon the successful completion of certain project and corporate objectives. The Options are subject to the terms and conditions of the Company's Stock Option Plan.

The company also announces that it has agreed to settle an aggregate debt of $50,000 owned to certain creditors by the issuance of 142,855 of its common shares at a deemed price of $0.35 per share. All shares to be issued in connection with the proposed debt settlement will be subject to a four-month resale restriction.

New Hana Mining's new geological consultant, Sas Burgers, commented as follows:

"I am truly excited to have the opportunity to work the Kuke Project, which I believe has the potential to host billions of pounds of copper mineralization. I look forward to collaborating with the rest of the New Hana management team on this exciting opportunity to unlock the value of our outstanding asset."

New Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows:

"I look forward to seeing both Sas and our current Project Manager, Jacques Janse van Rensburg, who was instrumental in considerably expanding the resources at Hana Mining Ltd.'s Ghanzi Project, collaborate together on the Company's 10,500 square kilometre Kuke Project. I believe that the addition of Sas to our already successful technical team considerably enhances the chances of exploration success at Kuke."

About New Hana Copper's Kuke Copper-Silver Project in Botswana:

The exploration-stage Kuke Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Kuke property covers 10,654 square kilometres and is adjacent and along strike to Hana Mining Ltd.'s ("Hana") Ghanzi Copper Silver Project. On December 20, 2011 Hana released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project announcing an Indicated mineral resource of 762 million pounds of copper and 16 million ounces of silver from 37.4 million tonnes at a grade of 0.93% copper and 13.4 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 5.6 billion pounds of copper and 85.4 million ounces of silver from 423.9 million tonnes. This Inferred mineral resource estimate consists of 225.4 million tonnes grading 0.64% Cu and 8.1 g/t Ag in the Banana Zone, 20.7 million tonnes grading 1.23% Cu and 8.7 g/t Ag in Zone 5, 16.7 million tonnes grading 0.86% Cu and 4.0 g/t Ag in Zone 6, and 161.1 million tonnes grading 0.45% Cu and 3.6 g/t Ag in the Chalcocite Zone; all at a cut-off grade of 0.30% Cu.

The Kuke project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study was recently completed (funded by the World Bank and the Governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2010. The Kuke Copper-Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 5 km of the property.

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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