HMG Hana Mining Ltd.

Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH)(BOTSWANA:HANA) (the "Company"
or "Hana") and Cupric Canyon Capital LP ("Cupric") are pleased to announce that
Cupric has indirectly acquired all of the outstanding common shares of Hana (the
"Hana Shares"), pursuant to the previously announced statutory plan of
arrangement (the "Arrangement") involving Hana, Cupric, Cuprous Capital Ltd., a
wholly owned subsidiary of Cupric, and Hana's securityholders.


Under the Arrangement, shareholders of Hana received C$0.82 in cash for each
Hana Share, representing a premium of approximately 88% to the 20-day volume
weighted average price of the Hana Shares on the TSX Venture Exchange as of
October 23, 2012. The total consideration paid to Hana shareholders was
approximately C$67 million and the Arrangement valued Hana's equity at
approximately C$82 million. Hana is now a wholly owned subsidiary of Cuprous
Capital Ltd.


On February 13, 2013, Hana announced that the Botswana Competition Authority
issued its final approval in respect of the Arrangement, and on February 8,
2013, Hana announced that the Botswana Minister of Minerals, Energy and Water
Resources issued its final approval in respect of the transfer of certain
Botswana prospecting licenses pursuant to the Arrangement.


The Supreme Court of British Columbia issued a final order approving the
Arrangement on January 7, 2013. The Company's securityholders approved the
Arrangement on December 27, 2012 at a special meeting of securityholders (the
"Meeting") wherein the special resolution approving the Arrangement was approved
by more than two-thirds of the votes cast by Hana shareholders present in person
or represented by proxy at the Meeting, as well as two-thirds of the votes cast
by Hana shareholders and optionholders present in person or represented by proxy
at the Meeting, voting as a single class. A resolution approving the Arrangement
was also passed by a majority of the minority shareholders of the Company.


The Hana Shares will be de-listed from the TSX Venture Exchange and the Botswana
Stock Exchange, and Hana will cease to be a reporting issuer under the
securities legislation of British Columbia and Alberta.


Cupric intends to advance the Ghanzi project through the design, construction
and operational phases of its development.


About Hana

The Company has been exclusively engaged in mineral exploration activity in
Botswana since mid-2007, specifically targeting discovery of precious and base
metals. The Company has a controlling interest in Hana Ghanzi Copper (Pty) Ltd.
(formerly Stellent (Proprietary) Ltd.) which in turn controls five prospecting
license blocks in Botswana, covering 2,149 square kilometers in area, situated
south of the town of Maun. The Company's single exploration project, the Ghanzi
Copper-Silver Project, is located on this license area.


About Cupric

Cupric Canyon Capital LP, which is owned by its management and the Barclays
Natural Resource Investments division of Barclays, is focused on acquiring
interests in undeveloped copper assets with a known resource and adding value to
them by assisting in the advancement of the projects through the stages of
development, construction and operations. The management of Cupric, all of whom
are former senior executives with major mining companies, including Phelps Dodge
Corporation and its successor, Freeport McMoRan Copper & Gold Inc. (which
acquired Phelps Dodge in 2007), has decades of experience in the exploration,
development, construction and operation of world-class copper assets.


Forward-Looking Statements

Certain information contained in this news release, including any information
relating to Hana's future financial or operating performance may be deemed
"forward-looking". These statements relate to future events or future
performance and reflect Hana's expectations regarding the Arrangement, and the
future growth, results of operations, business prospects and opportunities of
Hana and the combined company. These forward-looking statements also reflect
Hana's current internal projections, expectations or beliefs and are based on
information currently available to Hana, respectively. In some cases
forward-looking information can be identified by terminology such as "may",
"will", "should", "expect", "intend", "plan", "anticipate", "believe",
"estimate", "projects", "potential", "scheduled", "forecast", "budget" or the
negative of those terms or other comparable terminology. Although Hana believes
that the forward-looking information contained in this news release is based on
reasonable assumptions, readers cannot be assured that actual results will be
consistent with such statements. Accordingly, readers are cautioned against
placing undue reliance on forward-looking information. Hana expressly disclaims
any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, events or otherwise, except in
accordance with applicable securities laws.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hana Mining Ltd.
(604) 676-0824
info@hanamining.com
www.hanamining.com


Cupric Canyon Capital LP
Lowell Shonk
CEO
(480) 607-6771
ccc@cupriccanyon.com
www.cupriccanyon.com

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