22 January 2015

ASX & MEDIA ANNOUNCEMENT

Major New Ni-Cu-PGE Project

 Hannans secures extremely significant greenfields exploration project in Sweden

 First mover advantage has enabled Hannans to cover the most prospective targets with

100% owned permit applications

 Project has high potential for economic nickel-copper-platinum group elements and gold

Hannans Reward Ltd (ASX:HNR) (Hannans or the Company) has secured a major new greenfields exploration project in north-eastern Sweden with the potential to host economic nickel-copper-platinum group elements and gold.
Hannans Managing Director Damian Hicks said, "This is exactly the type of project every explorer wants to secure. We believe there is a large system at depth here that has the potential to contain significant quantities of high value metals. We have focussed on securing the potential pathways these metals may have used to move towards the surface. Under the right conditions, this is where economic deposits are likely to form. It is rare to find an opportunity like this in a low sovereign risk country and we think this is an incredible opportunity for Hannans."
Hannans' Lapland Ni-Cu-PGE Project has been peer reviewed by experienced Swedish geoscientist Professor Olof Martinsson (an independent consultant from Geovista) and Australian geoscientist Dr Jon Hronsky.
The regional scale gravity feature, known as the MGH (measuring 40-50mgal), located in north-eastern Sweden represents a potential new magmatic province. If the regional scale gravity feature does represent a major deep- seated mafic intrusive complex this could represent a source of metal bearing fluids. Younger intrusions - represented at surface by several ring dyke complexes and traditional mafic to ultramafic intrusives - may be the pathways for fluid moving from the large deep source towards the surface.

Dr Jon Hronsky (an independent consultant from Western Mining Services) has reviewed the project in the context of his broader understanding of the controls on nickel

Lapland Ni-Cu-PGE Project

sulphide mineralisation and Fennoscandian geology. Dr Hronsky said, "The idea that the MGH represents a major deep-seated mafic intrusive complex is almost certainly valid, and is therefore a site of inherent prospectivity. The regional scale gravity feature can be considered as the signature of a "hot-spot".

REWARD LIMITED

The MGH is very similar to the large-scale gravity anomaly regionally associated with both the West Musgrave and East Kimberley nickel sulphide provinces in Western Australia. It may be associated with a mantle plume but might equally represent a major favourable tectonic intersection that has received multiple pulses of magma over a protracted time (i.e. the current model for West Musgrave). Such locations are prospective for magmatic Ni-Cu-PGE (nickel-copper-platinum group elements) sulphide mineralisation as well as potentially hydrothermal Au (gold) and Cu (copper) mineralisation."
Hannans has lodged permit applications in the name of wholly owned subsidiary Scandinavian Resources AB covering the major mafic intrusions represented at surface by both the ring dyke complexes, traditional intrusive features and in some instances outcropping bedrock.
A detailed project introduction and technical presentation will be released as soon as practical. For further information please contact:
Damian Hicks
Managing Director
+46 703 220 226 (M)
[email protected] (E)
Amanda Scott
Exploration Manager
+46 703 221 497 (M)
[email protected] (E)
About Hannans Reward Ltd
Hannans Reward Ltd (ASX:HNR) is an exploration company with a focus on copper, gold, nickel and iron. Hannans has JORC compliant copper, gold and iron resources in Sweden, a free-carried interest in a nickel
project in Australia and a royalty interest on a copper exploration project in Norway.
Since listing on the Australian Securities Exchange in 2003 Hannans has signed agreements with Vale Inco, Rio Tinto, Anglo American, Boliden, Warwick Resources, Cullen Resources, Nickel Australia, Reed Resources, Tasman Metals and Grängesberg Iron.
Shareholders at various times since listing have included Rio Tinto, Anglo American, OM Holdings and
BlackRock.
For more information please visit www.hannansreward.com.
Competent Persons Statements
The information in this document that relates to exploration results is based on information compiled by Amanda Scott, a Competent Person who is a Member of the Australian Institute of Mining and Metallurgy (Membership No.990895). Amanda Scott is a full-time employee of Hannans Reward Ltd. Amanda Scott has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Amanda Scott consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

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