Hannan Metals Limited announced the definition of a new porphyry-epithermal copper-gold cluster at the Previsto project area located within the northern part of the 100% owned Valiente project in central Peru. Excitingly, recent detailed field work at Previsto has discovered two new targets (be beyond the initial discovery of the Previsto Central porphyry) at Previsto Norte (porphyry) and Previsto East (alkalic-type epithermal system) within a total area of 15 km by 7 km. Initial rock chip and soil sampling in both areas is extremely encouraging for an early-stage discovery.

Over the last three years, at Valiente Hannan has discovered a Miocene-age porphyry-epither mal gold-copper mineralized belt that extends over 150 km by 40 kms in area, located in central-eastern Peru. Within this belt a clustered porphyry/epithermal camp has emerged where five porphyry copper-gold targets and associated skarns have now been discovered (Ricardo Herrera, Sortilegio, Divisoria, Previsto Central and Previsto Norte), and two epithermal prospects (Vista Alegre and Previsto East). Highlights: The first exploration work reported from the Previsto area has identified three priority areas: A 1,200 m long alkalic gold epithermal anomaly at Previsto East defined by: 17 soil samples over 1,200m strike ranged from below detection to 0.4 g/t Au in thick scree cover and averaged 0.1 g/t Au.

These early-stage samples are highly anomalous. Exploration was temporary put on hold while Hannan invested further in social licensing within the area and technical teams became more focused at the Belen area, located 25 km to the SW. Belen consists of another porphyry copper-gold and epithermal gold mineral cluster (Ricardo Herrera calc-alkalic Cu-porphyry, Vista Alegre epithermal gold and Sortilegio alkalic porphyry within an 8 km by 2 km trend.

Hannan recent reinitiated field work in Previsto after an agreement was signed with local stakeholders in the area during September 2023. Since September, surface exploration has shifted to expanding into new areas of the Previsto project. This has included the discovery of a 1,200 m long alkALic gold epithermal anomaly At Previsto East defined by; 17 soil samples over 1, 200m strike ranged from below detection To 0.4 g/t gold epithermal anomaly atPrevisto East defined by:17 soil samples over 1,200 m strike ranged from below detection to0.4 g/t Au In thick scree cover and averaged 0".

These initial values are considered to be highly anomalous. Two styles of gold mineralized boulders have been described so far: Gossanous polymictic hydrothermal breccias. Phyllic alteration with thin veins of quartz pyrite and disseminated roscoelite, a vanadium-bearing mica common as a marker in alkalic gold systems, was present throughout most samples, selectively replacing feldspar phenocrysts and in fractures and veinlets associated with pyrite and trace chalcopyrite.

Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 25g fire assay sample charge.