Hana Mining Ltd. Reports That Fraser Institute Annual Survey of Mining Companies Ranks Botswana as the Most Favourable

Fri Jul 10, 2009 9:00am EDT
 
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  VANCOUVER, BRITISH COLUMBIA, Jul 10 (MARKET WIRE) -- 
Hana Mining Ltd., (TSX VENTURE: HMG)(FRANKFURT: 4LH) is pleased to
announce that The Fraser Institute Annual Survey of Mining Companies
("Fraser Survey") once again ranks favourably the investment climate in
Botswana against the 71 jurisdictions (a combination of countries,
provinces and states) included in its most recent survey. The Fraser
Survey has become the standard by which foreign investment risk is
assessed in the minerals industry, because it is tailored and focused
specifically on exploration, mining activity and policy, and because it
is assembled from mineral resource company inputs.

    The top three scorers in the Fraser Survey were Quebec, Wyoming, and
Nevada. The bottom three positions were Venezuela, Ecuador, and
Guatemala. Botswana ranked 18th overall, out of the 71 jurisdictions
surveyed this year, with the highest score of any African nation, and
second only to Chile in Latin America. This ranking placed Botswana above
such favorable mining jurisdictions as Western Australia, Spain, New
South Wales, British Columbia, Queensland, Ireland, Arizona, Mexico, and
Peru. In fact, on a country by country basis, using the best jurisdiction
within a country as the score for that country, Botswana ranked 7th out
of 41 countries surveyed, behind Canada, United States, Chile, Sweden,
Finland and Australia. A second index, intended to factor in mineral
prospectiveness, raises the ranking for Botswana to 17th, out of 71
jurisdictions, and still most attractive in Africa.

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

    "Hana Mining continues to receive strong support by the federal and local
governments as well as the people of the local communities surrounding
our Ghanzi Copper-Silver Project in Botswana. We are committed to working
with all of our stakeholders as we endeavour to develop the Ghanzi
Project into Africa's premier copper-silver deposit. The Fraser Survey
result for 2009 is pleasing, in that it confirms our belief in the
quality of the investment climate in Botswana."

    About the Fraser Survey

    The Fraser Institute Annual Survey of Mining Companies was sent to
approximately 3,000 exploration, development, and other mining-related
companies around the world. Several mining publications and associations
also helped publicize the survey. The survey represents responses from
658 of those companies. The rankings, formed from mineral resource
company responses to specific questions, consider the full range of risk
profiles for various countries, including existing business and
environmental regulations, mineral rights, regulatory duplication and
inconsistencies, taxation, uncertainty concerning native land claims and
protected areas, infrastructure, socioeconomic agreements, political
stability, labor issues, geological database, and security. The companies
participating in the survey reported exploration spending of US$3.4
billion in 2008 and of US$3.02 billion in 2007. Thus, survey respondents
represent 24 percent of total global nonferrous exploration of US$14.4
billion in 2008 and 30 percent of US$9.99 billion in 2007 as reported by
the Metals Economics Group.

    About Hana Mining's Ghanzi Copper-Silver Project in Botswana

    The Ghanzi Project is located in northwestern Botswana. The property
consists of license blocks covering 2,200 sq. km. The area contains
sediment-hosted copper-silver deposits with a demonstrated cumulative
strike length of over 16 kilometres. Power is available from the town of
Maun (pop. 50,000), and the paved trans-Kalahari highway which runs from
Namibia to South Africa, passes within 15 km of the property.

    Hana Mining recently released results of its first NI 43-101 resource
estimate for the Ghanzi Project (see press release dated June 1, 2009),
announcing an inferred resource of 2.9 Billion lb of copper and 51.1
Million oz of silver (0.3% Cu cut-off grade). The company has sufficient
working capital to continue drilling the Ghanzi Project, with the goal of
making the property one of Africa's premier copper-silver resources.

    Hana Mining Ltd. is listed on the TSX Venture Exchange ("HMG") and the
Frankfurt Exchange ("4LH").

    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 & Director
(604) 676-0824
info@hanamining.com
www.hanamining.com

Copyright 2009, Market Wire, All rights reserved.

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