Hannan Secures Option Over Three High-Grade Gold Projects in Sweden; Drilling at Stavatrask to Commence This Month

About this update from Hannan Metals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") announces that it has entered into an option agreement to acquire up to 100% of three high-grade gold projects known as the Stavaträsk, Skellefteå North and Ådelfors projects (the "Property"), comprising 8,405 hectares in Sweden, with permitted drilling at Stavaträsk to commence this month.Key Points:Hannan Metals Limited has secured an option to acquire up to 100% of three high-grade gold projects in Sweden: Stavaträsk, Skellefteå North and Ådelfors — covering 8,405 hectares, through a low-cost, share-based structure that preserves cash while adding near-term exploration optionality.The flagship Stavaträsk project is fully permitted and drill-ready, with a rig mobilising in mid-June 2026 for a staged program of up to 2,000 m to test a direct analogue of Boliden, Europe's richest modern gold mine, located just 20 km to the south on the same regional-scale shear system.The portfolio extends Hannan's exploration momentum while its flagship Previsto gold-copper project in Peru advances through permitting toward maiden drilling in 2027, complementing, rather than replacing, that priority, and is backed by a team with decades of combined Nordic exploration experience operating in one of the world's top-ranked mining jurisdictions. Three projects are:1. Stavaträsk – Drill in June 2026, Boliden-Style Target:Fully permitted and drill-ready, with a rig mobilising from mid-June 2026 and a staged program of up to 2,000 m planned to test a direct analogue of Boliden, Europe’s richest modern gold mine (4.24 Moz @ 15.9 g/t Au).Located 20 km north of the Boliden deposit and sitting on the very same regional-scale structure.High grade outcrop grades up to 93 g/t Au and 24 g/t Ag, with a boulder field 650 m to the southeast averaging 3.2 g/t Au (8 samples, range 0.1 - 11.2 g/t Au), 67 g/t Ag (range 1 - 154 g/t Ag) and 0.83% Cu (range 0.003 - 2.43% Cu), pointing to a large, zoned mineralizing system with the classic Boliden-style progression from Au-Ag to Au-Ag-Cu. 2. Ådelfors – Historic High-Grade Goldfield, Never Drill-Tested:Sweden's first gold mine, officially worked since 1738, with 131 historic workings across 7.5 km of strike recorded.Historic records report grades up to 1,100 g/t Au over an average 0.4 m vein...

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