VANCOUVER, BRITISH COLUMBIA - (Jan. 14, 2008) - Hana Mining Ltd. (TSX VENTURE: HMG) is pleased to report results for four new diamond drill holes, as well as additional values from previous holes, completed as part of an ongoing 10,000 meter diamond drilling program at its sediment-hosted Ghanzi Copper-Silver Project in Botswana, Africa. The results confirm the presence of significant copper and silver mineralization both at depth and along strike.
"These results further demonstrate that we can extend the size of the mineralized zones. Two drill holes added an additional 200 meters to the strike length and confirmed the continuity of the H-I Zone," said Peter Wilson, President of Hana Mining. "We look forward to further outlining the full extent of copper-silver mineralization at Ghanzi as our drilling program continues."
All four of the new holes were collared in the H-I grid area, where historical records show that 27 RC (reverse circulation) and 11 diamond drill holes were completed along a 1.5 -kilometer-long mineralized horizon. One of the holes, HA-505/693, was designed to twin a previous low-grade RC hole. The twin hole program will be assessed when results from all holes have been received.
Holes HA-510/691 and HA-510/690 are step-out holes along strike to the southwest and have added an additional 200 meters to the H-I Zone. Hole HA-505/694 is an infill hole that returned significant copper mineralization within a 200-meter gap. Further sampling from hole HA-520/699, which was first reported in a press release dated November 15, 2007, has expanded the mineralization by an additional five meters.
Details of the analytical results for the four new holes, as well as for hole HA-520/699, are as follows:
A total of 20 holes covering more than 3,400 meters have been drilled to date in the ongoing drilling program. The results from the first three holes were announced in a press release dated November 15, 2007. Results from the additional holes are pending and will be reported as they are received and compiled. Drilling in the current program will focus on testing for mineralization along the north and south limbs of the H-I anticlinal structure as well as infill coverage in the H-I Zone.
Results to date indicate local enrichment of molybdenum and rhenium. Further drilling will determine the extent of this mineralization and what value they would add to the project. Molybdenum is currently averaging US $32/lb and rhenium was trading at US $9000/kg in September 2007.
Drilling is being carried out by Major Drilling (Botswana) (Pty) Ltd.
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 mineralization.
Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.
For more information, please contact
Hana Mining Ltd.
Peter G. Wilson
President
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
or
Investor Relations
AGORACOM Investor Relations
Website: www.agoracom.com/IR/HanaMining
