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Hannan Announces Leadership Transition

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Hannan Metals Limited (HANNF) has announced the immediate resignation of President Lars Dahlenborg. Dahlenborg, a founding member, will continue as a senior consultant for six months to ensure a smooth transition. The company has decided not to immediately fill the President position, citing recent strengthening of its leadership team, particularly under Peru General Manager Katty Vargas.

The company is fully permitted and ready to begin drill testing at its Valiente Project in Peru, focusing on porphyry copper-gold and epithermal gold mineral systems at the Ricardo Herrera, Vista Alegre, and Sortilegio prospects within the Belen area. Drilling operations are set to commence in the second week of May 2025.

Hannan Metals Limited (HANNF) ha annunciato le dimissioni immediate del Presidente Lars Dahlenborg. Dahlenborg, membro fondatore, continuerà a lavorare come consulente senior per sei mesi al fine di garantire un passaggio di consegne fluido. L'azienda ha deciso di non sostituire immediatamente la posizione di Presidente, citando il recente rafforzamento del suo team di leadership, in particolare sotto la guida della General Manager per il Perù, Katty Vargas.

L'azienda è pienamente autorizzata e pronta ad avviare le prove di perforazione nel suo Progetto Valiente in Perù, concentrandosi sui sistemi mineralizzati di rame-oro porfirici e oro epitermale nelle aree di Ricardo Herrera, Vista Alegre e Sortilegio all'interno della zona di Belen. Le operazioni di perforazione inizieranno nella seconda settimana di maggio 2025.

Hannan Metals Limited (HANNF) ha anunciado la renuncia inmediata del presidente Lars Dahlenborg. Dahlenborg, miembro fundador, continuará como consultor senior durante seis meses para asegurar una transición sin contratiempos. La compañía ha decidido no cubrir inmediatamente el puesto de presidente, citando el reciente fortalecimiento de su equipo directivo, especialmente bajo la dirección de la gerente general en Perú, Katty Vargas.

La empresa está completamente autorizada y lista para comenzar las pruebas de perforación en su Proyecto Valiente en Perú, enfocándose en sistemas minerales de cobre-oro pórfido y oro epitermal en los prospectos Ricardo Herrera, Vista Alegre y Sortilegio dentro del área de Belén. Las operaciones de perforación comenzarán en la segunda semana de mayo de 2025.

Hannan Metals Limited (HANNF)가 대통령 Lars Dahlenborg의 즉각적인 사임을 발표했습니다. 창립 멤버인 Dahlenborg는 원활한 인수인계를 위해 6개월 동안 선임 컨설턴트로 계속 근무할 예정입니다. 회사는 최근 페루 총괄 매니저 Katty Vargas를 중심으로 리더십 팀이 강화된 점을 들어 대통령 직을 즉시 채우지 않기로 결정했습니다.

회사는 페루 발리엔테 프로젝트에서 구리-금 포피리 및 에피서멀 금 광물 시스템이 있는 Ricardo Herrera, Vista Alegre, Sortilegio 탐사 지역을 중심으로 시추 시험을 시작할 완전한 허가와 준비가 되어 있습니다. 시추 작업은 2025년 5월 둘째 주에 시작될 예정입니다.

Hannan Metals Limited (HANNF) a annoncé la démission immédiate du président Lars Dahlenborg. Dahlenborg, membre fondateur, continuera en tant que consultant senior pendant six mois afin d'assurer une transition en douceur. La société a décidé de ne pas pourvoir immédiatement le poste de président, invoquant le renforcement récent de son équipe de direction, notamment sous la direction de la directrice générale pour le Pérou, Katty Vargas.

L'entreprise est entièrement autorisée et prête à commencer les tests de forage sur son projet Valiente au Pérou, en se concentrant sur les systèmes minéraux porphyriques cuivre-or et or épithermal aux prospects Ricardo Herrera, Vista Alegre et Sortilegio dans la zone de Belén. Les opérations de forage devraient débuter dans la deuxième semaine de mai 2025.

Hannan Metals Limited (HANNF) hat den sofortigen Rücktritt des Präsidenten Lars Dahlenborg bekannt gegeben. Dahlenborg, ein Gründungsmitglied, wird für sechs Monate als Seniorberater tätig bleiben, um einen reibungslosen Übergang zu gewährleisten. Das Unternehmen hat beschlossen, die Position des Präsidenten nicht sofort neu zu besetzen, da das Führungsteam, insbesondere unter der Leitung der General Managerin für Peru, Katty Vargas, kürzlich gestärkt wurde.

Das Unternehmen ist vollständig genehmigt und bereit, mit Bohrtests an seinem Valiente-Projekt in Peru zu beginnen, wobei der Fokus auf porphyrischen Kupfer-Gold- und epithermalen Gold-Mineralsystemen bei den Prospekten Ricardo Herrera, Vista Alegre und Sortilegio im Bereich Belen liegt. Die Bohrarbeiten sollen in der zweiten Maiwoche 2025 starten.

Positive
  • Company is fully permitted and ready to commence drilling operations at Valiente Project
  • Smooth leadership transition planned with Dahlenborg staying as consultant for 6 months
  • Local management and technical teams have been strengthened under Peru General Manager
Negative
  • Sudden departure of founding President Lars Dahlenborg
  • No immediate replacement planned for the President role

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") announces that Mr. Lars Dahlenborg has stepped down as President of the Company, effective immediately. Mr. Dahlenborg, a founding member of Hannan, will remain with the Company as a senior consultant for a six-month period to ensure a seamless transition.

Michael Hudson, Executive Chairman and CEO, states: "On behalf of the Board of Directors and the entire Hannan team, I extend our sincere gratitude to Lars for his vision, dedication, and leadership as a founder and President of Hannan. His geological expertise and strategic direction have been instrumental in advancing our projects to their current promising stage. We respect Lars' decision and are thankful that he will continue to support the Company during this transition period, reflecting his ongoing commitment to Hannan's success."

The Company does not plan to immediately fill the President role, having strategically expanded its leadership capabilities over the last year. Hannan has strengthened its local management and technical teams under the guidance of Company Director and Peru General Manager Katty Vargas, positioning the Company to effectively execute its upcoming exploration initiatives.

Hannan is fully permitted and prepared to commence drill testing of the substantial porphyry copper-gold and epithermal gold mineral systems at the Ricardo Herrera, Vista Alegre, and Sortilegio prospects within the Belen area of the Valiente Project, Peru. Drilling operations are scheduled to begin in the second week of May 2025.

About Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF)

Hannan Metals Limited is a resource and exploration company discovering and developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru.

On behalf of the Board,


"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary, 
+1 (604) 685 9316, info@hannanmetals.com

Forward-Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250783

FAQ

Why did Lars Dahlenborg step down as President of Hannan Metals (HANNF)?

The press release does not specify the reason for Lars Dahlenborg's departure. However, he will remain with the company as a senior consultant for six months to ensure a smooth transition.

Who will replace Lars Dahlenborg as President of Hannan Metals?

Hannan Metals does not plan to immediately fill the President role, as they have recently strengthened their leadership team under Peru General Manager Katty Vargas.

When will Hannan Metals (HANNF) begin drilling at the Valiente Project?

Hannan Metals is scheduled to begin drilling operations in the second week of May 2025 at the Valiente Project's Belen area, including the Ricardo Herrera, Vista Alegre, and Sortilegio prospects.

What are the main prospects being explored at Hannan Metals' Valiente Project?

The main prospects being explored are Ricardo Herrera, Vista Alegre, and Sortilegio within the Belen area, focusing on porphyry copper-gold and epithermal gold mineral systems.
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