(Source: MARKETWIRE)

Hana Mining Ltd. (TSX VENTURE: HMG)(FRANKFURT: 4LH) (the "Company")
is pleased to announce that Mr. James A. Sullivan, our President and
Chief Operating Officer has consented to also act as a Director of
the Company.
As previously disclosed, Mr. Sullivan brings a wealth of world-class
mineral resource and project development experience to the Company.
Mr. Sullivan comes to HMG from Kinross Gold Corporation ("Kinross"),
where he was Regional VP-Russian Operations, managing the Russian
minerals portfolio that Kinross acquired with its acquisition of Bema
Gold Corporation ("Bema Gold") in March of 2007. While at Bema Gold,
as VP Russian operations, Mr. Sullivan and his team were responsible
for the exploration and subsequent development of the US$750 million
Kupol Gold mine located in Far East Russia, which produced over
490,000 gold equivalent ounces in the first six months of 2009, its
first full year of production. The Kupol mine development represented
a challenging construction task, hampered by poor infrastructure,
tough climatic conditions and significant size and complexity-all
managed on time and on budget. Prior to the Kupol project, Mr.
Sullivan also held responsibility for the exploration, development
and operation of the Julietta gold/silver mine, also in Far East
Russia.
In addition, Mr. Marek Kreczmer, who acts as our Chief Executive
Officer, Chief Technical Officer and a Director, has consented to
also act as Chairman of the Company.
The Company further wishes to announce that it has closed the
non-brokered private placement announced on October 1, 2009,
consisting of 416,667 units at a price of $0.36 per unit for gross
proceeds of $150,000. Each unit consists of one common share and one
non-transferable share purchase Warrant. Each Warrant entitles the
holder thereof to purchase one additional common share in the capital
stock of the Company exercisable on or before October 13, 2011 at a
price of $0.60 per share. The securities are subject to a hold period
expiring on February 13, 2010.
The net proceeds of the private placement will be used to fund
ongoing exploration of its highly prospective Ghanzi Copper-Silver
Project located in the Republic of Botswana and for general working
capital purposes.
About Hana Mining's Ghanzi Copper-Silver Project in Botswana
The Ghanzi Project is located in the center of the Kalahari copper
belt in northwestern Botswana. The country of Botswana is considered
by the Fraser Institute Annual Survey of Mining Companies 2009
country ranking study to offer the most attractive mineral
exploration and investment climate in Africa. The Ghanzi property
covers 2,200 sq. km., and contains sediment-hosted copper-silver
deposits with a demonstrated cumulative mineralized strike length of
over 13 kilometres. This favourable geology extends over the entire
strike length of 600 kilometres. Hana Mining recently released
results of it's first NI 43-101 resource estimate for the Ghanzi
Project (see press release dated June 1, 2009), announcing an
inferred resource of 2.0 Billion lb. of copper and 34.9 Million oz.
of silver contained in 60.4 million tonnes of ore. This resource
estimate assumes a 0.75% Cu cutoff grade, and averages 1.51% Cu and
17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this
total resource (67%), and is the current focus of the Company's
drilling efforts and development focus for 2009 and 2010.
Hana Mining is focused on demonstrating that the Ghanzi property
represents one of Africa's premier future copper-silver resources.
Statements in this press release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, may include forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in resource exploration and development. As a result, actual
results may vary materially from those described in the
forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts:
Hana Mining Ltd.
Marek Kreczmer
CEO, CTO, Chairman
(604) 676-0824
info@hanamining.com
www.hanamining.com
SOURCE: Hana Mining Ltd.
A service of YellowBrix, Inc.