HMG Hana Mining Ltd.

Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG)(FRANKFURT:4LH)
announces in light of an anticipated increase in corporate and operational
activities over the next few months, its management and directors have
determined that a blackout on the granting of incentive stock options will be
imposed until further notice. 


The board has also determined that the blackout will be applied retroactively.
Accordingly, the grant of Incentive Stock Options (the "Options") to purchase up
to an aggregate of 2,700,000 common shares of the Company announced on February
27, 2012 has been cancelled. The Options, which were to be issued to certain
directors, officers and employees of the Company would have been exercisable at
$2.13 per share and would have expired on February 27, 2017. 


Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows: 

"After careful consideration amongst the Company's management and board of
directors, and given that fact that there are a number of important catalysts
appearing on the horizon, we believe that, in the spirit of good corporate
governance, now is not the best time to grant stock options."


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 Ghanzi property covers 2,149 square kilometres, and
contains sediment-hosted copper-silver deposits with a demonstrated cumulative
tested strike length of 70 kilometres. This favorable geology extends over an
estimated strike length of 600 kilometres. Hana Mining released results of its
most recent NI 43-101 compliant resource estimate for the Ghanzi Project on
December 20, 2010, announcing an Indicated mineral resource of 762 million
pounds of copper and 16 million ounces of silver from 37.4 million tonnes at a
grade of 0.93% copper and 13.4 g/t silver. All of the Indicated resources are
from the Banana Zone. There are also Inferred resources of 5.6 billion pounds of
copper and 85.4 million ounces of silver from 423.9 million tonnes. This
Inferred mineral resource estimate consists of 225.4 million tonnes grading
0.64% Cu and 8.1 g/t Ag in the Banana Zone, 20.7 million tonnes grading 1.23% Cu
and 8.7 g/t Ag in Zone 5, 16.7 million tonnes grading 0.86% Cu and 4.0 g/t Ag in
Zone 6, and 161.1 million tonnes grading 0.45% Cu and 3.6 g/t Ag in the
Chalcocite Zone; all at a cut-off grade of 0.30% Cu. 


The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization,
particularly between sections 49700 to 52000 on the North limb and sections
63000 to 71000 on both the North and South limbs, which represent an opportunity
to locate starter pits and mine initial tonnages at higher than average grades.
These higher grade pockets tend to be well within open pit depth parameters and
represent opportunities to improve early cash flow and overall returns in
development. 


The project will benefit from proposed rail and power infrastructure expansions,
along with proximity to local population centers and workforce. A feasibility
study is currently underway (funded by the World Bank and the governments of
Botswana and Namibia) to support completion of a rail line link that would
connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast.
The closest existing railhead to port is at Gobabis, in Namibia, approximately
550 km from our property. Construction has begun on the 600MW expansion of the
government-owned Moropule Power Plant, having secured US$825 million project
funding in May 2009. The Ghanzi Copper-Silver Project is currently accessed by
the paved Trans-Kalahari highway, which passes within 15 km of the property. 


The Ghanzi property is 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.

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