Hannan Metals Limited announced the completion and submission of its Declaracion de Impacto Ambiental ("DIA") or Environmental Impact Statement at its Valiente copper-gold porphyry project in Peru. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in Peru. Hannan has discovered a new metallogenic province of Peru at the Valiente project, where Hannan is targeting Miocene age porphyry copper-gold in a back-arc setting in Central Eastern Peru.

The DIA area represents a small proportion (4%) of Hannan's total landholding at Valiente. The work program included: Environmental baseline monitoring for the project, conducted by third party experts; The Peruvian Ministry of Culture granted the CIRA (Certificate of non-existence of archaeological remains) which declares that the project does not impact archaeological sites; and Public participation meetings outlining Hannan's exploration plans were held in the hamlets of Pucayoc and Cunchiyacu, where the communities are on record as approving of the Company's proposed drill program. The DIA is the Primary environmental certification required to allow lowimpact mineral exploration programs, that includes drill programs, to proceed in Peru; It is interpreted that Valiente was formed in a tectonically favorable area associated with an arc-oblique twist fault system, that may have aided the ascent of oceanicarc-related magmas into the transfer zone so far inboard from the magmatic arc.

A 5,176-line km airborne magnetic and radiometric survey has been completed and processed at the Valiente project. The survey covers the entire 94,500 ha of Hannan's 100%-owned mining concessions across the project area. In many places access is a limiting factor of what can be sampled.

Most channels have to date been taken from zones peripheral to what is interpreted to be the core of the system. Results from 34 individual channels include 5 m @ 0.11% Cu and 5 ppm Mo. Importantly, the best and highest-grade results have been achieved from the leached early porphyry system.

The results are also low in manganese therefore interpreted to be representative of a leached porphyry system. Channel sampling continues. Results from 13.7 km Induced Polarization ("IP") geophysical survey at Ricardo Herrera prospect were released during the period.

The survey identified two chargeable zones corresponding to two mapped porphyry units. Strong indications are also emerging of a 4 km long skarn hosted gold-base metal target (the Belen Skarn zone) north and east of Sortilegio, expanding the footprint of the mineral system to cover 10 km. The soil anomalous trend is parallel to an Andean thrust fault and initial soil data suggest a strike >4 km.

190 soil samples have been analyzed with pXRF and 90 samples with fire assay from the area with results ranging from 6 ppm Zn to 2,031ppm Zn and averaging 109 ppm Zn, 2 ppm Pb to 266 ppm Pb and averaging 18 ppm Pb and <0.001 g/t Au and averaging 0.008 g/t Au.