July 8, 2008
Hana Mining Appoints Country Advisor in Botswana
Hana Mining Ltd. (TSX VENTURE: HMG) is pleased to announce the appointment of Kgosiemang Keith Molosiwa to the position of country advisor in Botswana.
A successful businessman who has founded, directed and managed a number of major Botswana companies in the mining, manufacturing and agricultural sectors, Mr. Molosiwa has extensive knowledge of government permitting and regulatory issues in the region. He is an Executive Council Member and chairperson of the manufacturing sector for Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) and he was a board member of Botswana National Licensing before it was decentralized in April 2008.
"Hana Mining is very fortunate to have attracted a professional of Mr. Molosiwa's experience and caliber as its country advisor in Botswana," said Peter Wilson, President of Hana Mining. "Mr. Molosiwa's extensive knowledge of government regulatory structures and of the Botswana business climate will be invaluable to us as we continue to advance our Ghanzi Copper-Silver Project."
"These are exciting times for Hana Mining and I welcome the opportunity to contribute to the company's continued growth," said Mr. Molosiwa. "Encouraging results from drilling underscore Ghanzi's significant potential as a future copper-silver district."
As part of his compensation package, Mr. Molosiwa has been granted 100,000 stock options, each such option entitling the holder thereof to acquire 1 share of the Company at an exercise price of $0.52 cents. The options will vest over 2 years and expire on June 27, 2013.
About Hana Mining
Hana Mining is a junior exploration company seeking to acquire, explore and develop highly prospective precious, base metal and other mineral projects worldwide with emphasis in southern Africa. The Company has the right to acquire a 70% controlling interest in the Ghanzi Copper-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.
Contacts: Hana Mining Ltd. Peter G. Wilson President, Director (604) 676-0824 Email: [email protected] Website: www.hanamining.com
SOURCE: Hana Mining Ltd.