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Hana Mining drilling update on Ghanzi Project

Hana Mining Limited announced its most recent drilling results from the completion of 12 diamond drill holes from the Banana Zone at its Ghanzi sediment hosted copper and silver project in Botswana.

Diamond drilling was carried out within the New Discovery area between sections 50125 to 51250 on the North Limb to test the down dip extensions of copper-silver mineralization. These results are from new holes and are in addition to those used in the most recent NI 43-101 compliant Inferred mineral resource calculation. The mineralization remains open along strike and at depth.

Highlights of recent drilling results:
1. Drilling is progressing as scheduled. Total drilling on the Banana Zone to date is approximately 68,700 meters.

2. These latest results extend the down dip extension of mineralization by approximately 50 meters at the New Discovery area.

3. Wide intercepts of 0.95% Cu and 20.0 gram per tonne Ag over 32.0 metres in hole HA-238-D, 0.59% Cu and 10.0 gram per tonne Ag over 36.4 metres in hole HA-237-D, 0.58% Cu and 13.0 gram per tonne Ag over 32.3 metres in hole HA-241-D and 0.49% Cu and 6.0 gram per tonne Ag over 39.3 meters in hole HA-244-D.

Development Update:
The following engineering and consultation activities are ongoing to fulfill the goal of completion of a PEA by Q1 2011:

1. Preliminary mine open pit modeling has been carried out using the April 2010 resource as a basis to define the parameters to be used. A revised model will be completed after the 2010 drilling has been incorporated;

2. Resource modeling is progressing as expected;

3. Metallurgical work, which is being carried out by Metcon Research in Tucson, Arizona on the Chalcocite Zone is ongoing. Results are expected to be available by the end of the year;

4. Field work for water exploration is ongoing;

5. Stefanutti Stocks Mining Services of Johannesburg South Africa have been engaged by Hana to provide the preliminary tailing impoundment designs for the project.

Mr Marek Kreczmerchairman & CEO of Hana Mining said that "While we have drilled the entire 64 kilometeRS strike length of the Banana Zone, we are only now beginning to test the down dip mineralized extensions of this zone which have the potential to add significant amount of copper and silver to our resource base. The first fence of drill holes 50 meters below known mineralization met our expectations. We fully expect that with deeper drilling that we will continue to encounter similarly thick intersects of high grade copper and silver mineralization."

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