Hana Mining Ltd. Reports an Inferred Resource of 2.9 Billion Pounds of Copper and 51.5 Million Ounces of Silver for Its

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Mon Jun 1, 2009 9:01am EDT

  VANCOUVER, BRITISH COLUMBIA, Jun 01 (MARKET WIRE) -- 
Hana Mining Ltd. ("Hana Mining") (TSX VENTURE: HMG)(FRANKFURT: 4LH) is
pleased to announce the completion of an independent National Instrument
("NI") 43-101 compliant inferred resource estimate for its Ghanzi
Copper-Silver deposit in Botswana. The estimate for the global resource
is 2.9 billion pounds of copper and 51.5 million ounces of silver from
163.5 million tonnes. This resource is based on a 0.30% Cu cutoff and
averages 0.82% Cu and 9.8 g/t Ag.

    At a cutoff of 0.75% Cu the resource totals 60.4 million tonnes
containing 2.0 billion pounds copper and 34.9 million ounces silver with
an average grade of 1.51% Cu and 17.98 g/t Ag. No adjustments have been
made for mining recoveries or production yields.

    This resource estimate is based largely on a 15 month drilling program
that included 98 core holes totaling 15,000 metres and 50 RC holes
totaling 6,600 metres. Drill holes were typically designed to test at 150
metres vertical depth, reflecting the initial objective to initially
define a surface mineable resource. The drilling program reflects work on
16 kilometers of strike length, while the total cumulative strike length
of the property extends to an estimated 600 kilometers due to repeated
folding. Of this total target strike length, future drill plans call for
work on approximately 20 kilometres of the most prospective targets. As
such, this will reflect drilling on 6% of the total known strike length
on the property. Results of the resource estimate are shown in Table 1,
below.


TABLE 1.

----------------------------------------------------------------------------
NI 43-101 Inferred Resource Details
at 150 Metre Depth & Various Cut-Off Grades
----------------------------------------------------------------------------
                                     Copper                   Silver
Copper          Resource   -------------------------------------------------
Cut-Off Grade     Tonnes     PPM Grade       Pounds(i)   Grade     Ounces(i)
(%)              (metric)           (%)                   (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
0.30         163,544,571   8,226  0.82  2,965,865,108     9.81   51,561,367
----------------------------------------------------------------------------
0.50          82,980,580  12,620  1.26  2,308,736,868    14.86   39,634,579
----------------------------------------------------------------------------
0.75          60,381,070  15,149  1.51  2,016,533,032    17.98   34,912,312
----------------------------------------------------------------------------
(i)Note: Metal estimates are in-situ, and are not adjusted for mining losses
 or production yields.
----------------------------------------------------------------------------


    Hana Mining's President, Peter Wilson commented as follows:

    "We are very pleased with our recent drill results and the results of the
resource estimation contained in the report. Our initial goal has been to
reach a resource size of 100 million tonnes and a 1% copper grade. We
believe our initial goal has already been exceeded by our first NI 43-101
resource estimate, and we still have multiple target zones to drill on
the property. The resource remains open along strike and down-dip in the
zones we have been working, offering further opportunity for resource
expansion. These results confirm to us that we are on the right track for
the discovery of a major new copper district in Botswana. Botswana is
viewed as a very favorable area for conducting business and government
support for developing mining diversification. Our next goal is to expand
this resource to 200-400 million metric tonnes, and we are designing the
current exploration program to achieve this result."

    The mineralization at the Ghanzi Copper-Silver property is classified as
a sediment-hosted copper-silver deposit. Among the best known deposits of
similar type is the vast Kuperschiefer deposit in Poland. Mineralization
at Kuperschiefer occurs to a vertical depth of at least 700 meters and is
open. The ore zones average 4 to 6 meters in width and range from 1.5 to
2.0% Cu and up to 80 g/t Ag; the deposit is mined underground. This
deposit accounts for 6% of annual global copper production and contains
30% of world copper reserves. This type of copper deposit can generate a
resource that is both very large and of attractive grade, making for
world scale mining opportunities.

    "As next steps, we intend to commission a metallurgical study and will
proceed directly with a resource expansion drilling program. These new
drill programs will include work on Banana Zone and Zone 3. Numerous
drill-ready targets have been defined by widely spaced core, reverse
circulation and percussion drill holes as well as soil sampling," states
Wilson.

    Further discussion of resource estimate results:

    Resource mineralization is confined to a redox horizon that occurs
immediately above an oxidized sandstone sequence. The resource has been
divided into two classifications, Core and Non-Core, reflecting the
continuous nature of a portion of the resource from section to section
and the change in grade above and below the Core. This segmentation can
be seen in Table 2.


TABLE 2.

----------------------------------------------------------------------------
Core vs. Non Core Inferred Resource Details
at a 0.5% copper Cut-Off Grade, 150 Metre Depth
----------------------------------------------------------------------------
                                         Copper                 Silver
Grade             Resource   -----------------------------------------------
Zone                Tonnes      PPM Grade      Pounds(i)  Grade    Ounces(i)
                   (metric)            (%)                 (g/t)
----------------------------------------------------------------------------
Core Zone
 Resource       53,638,695   15,783  1.58 1,866,374,714   19.09  32,929,090
Non-Core Zone
 Resource       29,341,885    6,838  0.68   442,362,154    7.11   6,705,489
----------------------------------------------------------------------------
Total (in situ) 82,980,580   12,620  1.26 2,308,736,868   14.86  39,634,579
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(i)Note: Metal estimates are in-situ, and are not adjusted for mining losses
 or production yields.
----------------------------------------------------------------------------


    The three categories in the table above are defined as follows:

    1. The Core zone resource. The grades were picked (and hard boundaried)
when they were above 0.5% Cu and continuous. A break in grade below 0.5%
would prompt a hard boundary even if high grade is found lower or higher
in the hole.

    2. The non-core resource. This is tonnage outside the core zone, is also
above 0.5% Cu but includes material that could not be included in the
core zone, based on the definition of continuity as defined above.

    3. The Total (in-situ) category is a summation of the two sub-categories.

    The resource as presently included in the NI 43-101 estimate occurs in
three separate zones, Banana, Zone 5 and Zone 6. At the Banana Zone the
resource lies in four areas; Fold Nose, North Limb, South Limb and New
Discovery. Collectively these areas comprise 66% of the total resource.
Zone 5 is 60 kilometers northeast of the Banana Zone and the resource
occurs over a 2 kilometer strike length. Zone 6 is 35 kilometers north of
Zone 5 and 95 kilometers north of Banana Zone and the resource occurs
over a 2.6 kilometer strike length.

    The following table 3 summarizes the various resource areas at a 0.75% Cu
cutoff.


TABLE 3.

--------------------------------------------------------------------
NI 43-101 Inferred Resource Details
at 0.75% Cut-Off Grade and 150 Metre Depth
--------------------------------------------------------------------
                               Copper                 Silver
              Resource    ------------------------------------------
Exploration     Tonnes   Grade      Pounds(i)   Grade     Ounces(i)
Zone           (metric)     (%)                  (g/t)
-------------------------------------------------------------------
Banana      40,680,696    1.47 1,317,611,862    21.66   28,337,998
-------------------------------------------------------------------
Zone 5      13,427,196    1.66   492,029,638    12.11    5,227,238
-------------------------------------------------------------------
Zone 6       6,273,178    1.50   206,891,532     6.68    1,347,076
-------------------------------------------------------------------
Total       60,381,070    1.51 2,016,533,032    17.98   34,912,312
-------------------------------------------------------------------
-------------------------------------------------------------------
(i)Note: Metal estimates are in-situ, and are not adjusted for
 mining losses or production yields.
-------------------------------------------------------------------


    The three mineralized zones included in the 43-101 estimate of
resources can be seen in position to one another in Figure 1, shown below:

    To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/hmg530.pdf 

    Qualified Persons

    Joseph Arengi, M.Sc., P.Geo., Vice President of Exploration for Hana
Mining is the qualified person for the company as defined in NI 43-101
and has reviewed the technical information in this press release. The
resource was calculated by Mr. Deon van der Heever of GeoLogix Mineral
Resource Consultants (Pty) Ltd., an independent Qualified Person, as
defined by the National Instrument 43-101. Mr. van der Heever has
reviewed and approved the contents of this release. A technical report
providing details of the estimate will be filed on SEDAR (www.sedar.com)
within 45 days. All metal calculations are in situ and do not include
allowance for metallurgical recoveries. About the Ghanzi Copper-Silver
Project in Botswana

    The Ghanzi Project is located in northwestern Botswana. The property
consists of five license blocks covering 2,200 square kilometres. The
area is host to widespread sediment-hosted copper-silver mineralization.
The property has been explored intermittently since 1962 by numerous
companies. This exploration work was done when copper prices were lower
than today and regional infrastructure was not as advanced as at present.
Power is available from the town of Maun (town with population of
50,000), situated on the northern end of the property, and the paved
trans-Kalahari highway which runs from Namibia to South Africa, passes
within 10 km of the north end of the property as well.

    About Hana Mining

    Hana Mining is a Canadian junior mineral explorer headquartered in
Vancouver, BC, seeking to acquire, explore and develop precious, base
metal and other mineral exploration projects worldwide. Hana is listed on
the TSX Venture Exchange ("HMG") and the Frankfurt Exchange ("4LH"). Hana
Mining has recently raised about $3.2 million in funding as part of a
financing announced on May 26, 2009 and May 29, 2009 and will now work
towards enhancing the value of the deposit by commissioning a
metallurgical study, completing power and infrastructure studies and
expanding the resource base through testing of drill ready targets.

    Joseph Arengi, M.Sc., P.Geo., Vice President of Exploration for Hana
Mining is the qualified person as defined in NI 43-101 and has reviewed
the technical information in this press release.

    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.




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

Contacts:
Hana Mining Ltd.
Peter G. Wilson
President
(604) 676-0824
info@hanamining.com

Copyright 2009, Market Wire, All rights reserved.

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