VANCOUVER, BRITISH COLUMBIA - Feb. 7, 2008) - Hana Mining Ltd. (TSX VENTURE:HMG) is pleased to report results from two new holes completed as part of its ongoing 10,000-meter diamond drilling program at its sediment-hosted Ghanzi Copper-Silver Project in Botswana, Africa. Results from the two holes are extremely promising, with hole HA-16-D intersecting 3.48% copper and 88.6 grams per tonne (g/t) silver.
Holes HA-14-D and HA-16-D were designed to test continuity along a one-kilometer step out in the LD3 area on the north limb of a northeast-trending anticline. Hole HA-14-D was designed to twin a core hole drilled by Anglo American in the early 1990s.
Hole HA-14-D intersected 9.0 meters grading 1.21% copper and 24.36 g/t silver, including a higher grade intercept of 2.89% copper and 61.26 g/t silver over 2.85 meters. This mineralization occurs at a vertical depth of approximately 125 meters. The hole confirms mineralization as reported by Anglo and adds an additional 1,000 meters of strike length to the HI area. Results for the HI area were reported in two previous press releases dated January 14, 2008 and November 15, 2007 respectively.
Hole HA-16-D was collared 100 meters northeast of HA-14-D and intersected 13.0 meters grading 1.34% copper and 29.52 g/t silver. Included in this interval is 4.0 meters grading 3.48% copper and 88.60 g/t silver.
Results were also received for two more holes in the HI area, HA-07-D and HA-13-D. HA-07-D is a shallow 100 meter step out at H-I and returned 3.0 meters grading 0.53 %Cu and 6.0 meters grading 0.32 %Cu at vertical depths of 60 and 70 meters, respectively. These intercepts are within the lower grade oxide zone. HA-13-D was designed to test the H-I area at depth and returned 2.0 meters grading 0.90 %Cu and 13.27 g/t Ag.
Details of the analytical results for the four holes are as follows:
"These results at LD3 clearly demonstrate the consistency and strength of the Ghanzi system, and also show an increase in both copper and silver grades along strike," said Peter Wilson, President of Hana Mining.
The intercepts reported are core length and are estimated to be within 80% or more of true width. Hole HA-15-D was drilled 100 meters southwest of HA-14-D and intersected barren footwall rocks over 60 meters before being terminated.
Three additional holes have been drilled in this area to test strike continuity to the southwest as well as down-dip mineralization. Sampling is ongoing and results will be reported as they become available. Results for four additional holes in the HI area drilled prior to the LD3 step out holes are anticipated within the next three weeks.
The HI area is one of six high-priority targets that Hana Mining has identified along the 140 kilometers of cumulative strike length within the license blocks. A program of ground geophysics and percussion drilling will be implemented shortly to assess some of these targets as well as others identified by geochemical soil sampling and reprocessed airborne geophysical data.
Before returning to the HI area the drilling program will focus on a mineralized zone reported by Anglo on the south limb of the anticline and 13 kilometers southwest of the HI area.
Drilling is being carried out by Major Drilling (Botswana) (Pty) Ltd.
Quality Assurance/Quality Control
Hana has implemented an industry-standard QA/QC program. Drill core is logged, split by sawing and sampled at site. Samples are bagged, labeled, sealed and packed in sealed containers and shipped to ALS Chemex laboratories in Johannesburg, South Africa. Standards, blanks and duplicates are inserted into the sample stream.
Investors are invited to visit the Hana Mining IR Hub at www.agoracom.com/IR/HanaMining where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at HMG@agoracom.com.
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 Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper mineralization.
Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.
Contacts
Peter G. Wilson
Hana Mining Ltd.
President
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com
Investor Relations
AGORACOM Investor Relations
http://www.agoracom.com/IR/HanaMining
HMG@agoracom.com
