Hannan Announces Results of Annual and Special Meeting of Shareholders

VANCOUVER, November 17, 2022 - Hannan Metals Ltd. ("Hannan" or the "Company") (TSXV:HAN)(OTCPK:HANNF) announces the results from its Annual and Special Meeting of Shareholders held on Thursday, November 17, 2022 (the "Meeting") in Vancouver, BC. Shareholders holding a total of 26,610,606 common shares were represented in person or by proxy at the Meeting, representing 26.09% of the votes attached to all outstanding common shares of the Company as at the record date. Shareholders voted in favour of all the matters submitted before the Meeting as set out in the Notice of Meeting and Information Circular dated October 11, 2022, including:

1. Setting the size of the Board to five directors and electing the following as directors until the next annual shareholder meeting of the Company: Michael Hudson, Ciara Talbot, Georgina Carnegie, Nick DeMare and David Henstridge;
2. Appointing Davidson & Company, Chartered Professional Accountants, as the Company's auditor for the ensuing year; and
3. The adoption of a new Stock Option Plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of grant.

Subsequent to the Meeting, the Board re-appointed Mr. Hudson as Chairman and CEO, Mr. Lars Dahlenborg as President, Mr. Harvey Lim as Chief Financial Officer and Ms. Mariana Bermudez as Corporate Secretary. Messrs. DeMare, Henstridge and Ms. Talbot were appointed as members of the Audit Committee.

About Hannan Metals Limited (TSXV:HAN) (OTCPK:HANNF)

Hannan Metals Ltd. is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru. Hannan is a top ten in-country explorer by area in Peru.

Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news.

SOURCE: Hannan Metals Ltd.