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Friday, March 05, 2010
NEWS RELEASE
 
Hana Mining Announces New Chief Financial Officer

March 5, 2010 (Vancouver, British Columbia). Hana Mining Ltd., ("HMG" or the "Company") - (TSX-V: HMG) (Frankfurt: 4LH) is pleased to announce the appointment of Matthew ("Matt") Kavanagh as the new Chief Financial Officer ("CFO") of the Company, effective immediately. Mr. William ("Bill") Thomas, the outgoing CFO, has resigned to pursue other opportunities.

Mr. Kavanagh is an experienced CFO, having worked for several natural resource firms, most notably as the former CFO for Minco Mining Group (TSX tickers: MMM; MSV), a TSX listed company with extensive mineral exploration properties in various stages of development in China. Mr. Kavanagh has seventeen years experience serving as the Senior Financial Officer with public companies reporting in both Canada and the United States. He is a Chartered Accountant with the Institute of Chartered Accountants of B.C., and has nine years public accounting experience with both Coopers & Lybrand (now Pricewaterhouse Coopers) and Ellis Foster (now Ernst & Young).

The Company further announces that it has granted Incentive Stock Options (the "Options") to purchase up to an aggregate 375,000 common shares of the Company to a senior officer and consultants of the Company. The Options are exercisable at $1.80 per share and expire on March 5, 2015. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest quarterly over 24 months, in 8 equal tranches with the first tranche commencing June 3, 2010. The Options are subject to the terms and conditions of the Company's Stock Option Plan.

Hana Mining's CEO, Marek Kreczmer, commented as follows:

"I am personally very pleased to welcome Matt to the Company in this important position on Hana's senior management team. As our development opportunity in Africa has matured, so has our need for improved financial systems, controls and oversight, and we believe Matt has excellent contributions to make to the Company in this regard.

I would also like to thank Bill Thomas for his contributions in the CFO role over the last three years. We wish Bill every success in his other ongoing corporate endeavors."

About Hana Mining's Ghanzi Copper-Silver Project in Botswana

The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,169 sq. km., and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 33.4 kilometres. This favourable geology extends over the entire strike length of 600 kilometres Hana Mining released results of it's first NI 43-101 resource estimate for the Ghanzi Project in June 2009, announcing an inferred resource of 2.0 billion lb of copper and 34.9 million oz of silver from 60.4 million tonnes. This resource estimate is based on a 0.75% Cu cutoff grade, and averages 1.51% Cu and 17.98 g/t Ag. The Banana Zone represents 40.7 million tonnes of this total resource (67%), has been the focus of the Company's drilling and development efforts for 2009, and will remain the primary focus for 2010.

Hana Mining is focused on demonstrating that the Ghanzi property represents one of Africa's premier future copper-silver resources.

For Further Information, contact:
Marek Kreczmer
CEO
Hana Mining Ltd.
Tel: (604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

You can also view this News Release on our website at:
http://www.hanamining.com/s/NewsReleases.asp?ReportID=388347
 

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In the News and Medias of Hana Mining Ltd.
11/18/2011Ghana mining body warns taxes could discourage investment
10/2/2009Hana Mining Announces New President and COO to Drive Ghanzi ...
10/2/2009James Sullivan new Hana Mining President and COO
7/14/2009Hana Mining buys stake in Botswana copper/silver project
Annual reports of Hana Mining Ltd.
2007 Annual Report
Financings of Hana Mining Ltd.
2/7/2012Announces Completion of Non-Brokered Financing and Investmen...
1/30/2012Announces Final Allocation of Previously Announced Financing
1/27/2012Announces Non-Brokered Financing
5/20/2010Closing of Bought-Deal Private Placement
4/30/2010Arranges $21Million Bought-Deal Private Placement
5/27/2009has closed the first tranche of its brokered private placeme...
Option Grants of Hana Mining Ltd.
7/13/2010Grants Incentive Stock Options
6/7/2010Grants Incentive Stock Options
Nominations of Hana Mining Ltd.
11/7/2012New Hana Mining Builds the Corporate Structure with Appointm...
9/30/2011announces the resignation of James Sullivan as President, Ch...
5/5/2011Appoints New Chief Financial Officer
4/5/2011shareholders overwhelmingly approve the appointment of three...
3/21/2011Announces the Nomination of Three Highly Experienced Candida...
12/17/2010Appointment of Mr. Alexander Davidson to the Board of Direct...
12/10/2010Appoints Ernst & Young as Auditors
7/19/2010Appointment of Pat Donnelly, former mining analyst, as VP Co...
Project news of Hana Mining Ltd.
6/13/2011(Ghanzi)Comments on Share Price - Drilling Continues
5/30/2011(Ghanzi)Infill Drilling Continues to Encounter Thick Intersections o...
5/26/2011(Ghanzi)Provides Update on Banana Zone
3/14/2011(Ghanzi)Provides Update on Banana Zone Preliminary Economic Assessme...
1/17/2011(Ghanzi)Extends High-Grade Copper-Silver Mineralization by 450 Metre...
12/20/2010(Ghanzi)Reports Indicated Mineral Resources of 762 Million Pounds of...
12/6/2010(Ghanzi)announces high-grade copper-silver results from down dip dri...
11/18/2010(Ghanzi)identifies new zones of copper silver mineralization at the ...
11/1/2010(Ghanzi)Drilling Expands Copper Mineralization at the Chalcocite Zon...
10/6/2010(Ghanzi)Infill drilling results identify second potential pit at the...
9/27/2010(Ghanzi)Assay results from RC drilling confirm copper-silver mineral...
9/8/2010(Ghanzi)Latest drilling results identify high-grade potential starte...
8/5/2010(Ghanzi)RC Drilling in Banana Zone Intersects 3.40% Cu and 48.0 g/t ...
7/14/2010(Ghanzi)Expands Banana Zone at Ghanzi Copper-Silver Project by 4.2 K...
6/18/2010(Ghanzi)Expands Banana Zone by 7 Kilometres
6/3/2010(Ghanzi)Expands Chalcocite Zone - New Drilling Increases Strike Leng
5/19/2010Files NI 43-101
3/30/2010(Ghanzi)RC drilling in Banana Zone intersects 1.63% Cu and 39.5 g/t ...
3/4/2010(Ghanzi)RC drilling in Banana Zone intersects 1.90% Cu and 17.4 g/t ...
1/5/2010(Ghanzi)New VP Engineering to Support Ghanzi Copper-Silver Project P...
12/8/2009drilling intersects 1.84% Cu and 23.6 g/t Ag over 7 metres i...
10/1/2009(Ghanzi)Announces New President and COO to Drive Ghanzi Copper-Silve...
9/28/2009(Ghanzi)RC drilling intersects 2.53% Cu and 32 g/t Ag over 17 metres...
9/15/2009(Ghanzi)Reports Positive Results From a Preliminary Groundwater Inve...
8/26/2009(Ghanzi)Letter from the CEO-Hana Mining Ltd.
7/15/2009(Ghanzi)Agrees to Purchase 100% of Ghanzi Copper-Silver Project in B...
6/25/2009(Ghanzi)43-101 Technical Report for Ghanzi Copper-Silver Deposit, Bo...
5/28/2009(Ghanzi)New results at Ghanzi Copper-Silver Project in Botswana
5/8/2009(Ghanzi)Hana Mining Update on Ghanzi Copper-Silver Project, Botswana
5/7/2009Hana Mining Intersects 2.02% Cu and 41.8 g/t Ag over 14.0 me...
4/29/2009(Ghanzi)new results at sediment-hosted Ghanzi Copper-Silver Project ...
4/15/2009(Ghanzi)New results at Ghanzi Copper-Silver Project in Botswana
3/27/2009(Ghanzi)Hana Mining Reports Results at five new holes at Ghanzi Copp...
7/13/2006(Lucky Boy)Receives Government & State Approval for Major Drill Program...
Corporate news of Hana Mining Ltd.
2/20/2013Completes Arrangement with Cupric Canyon Capital LP
1/7/2013Receives Final Court Order for Arrangement with Cupric Canyo...
12/27/2012Shareholders Approve Plan of Arrangement
12/27/2012Shareholders Approve Plan of Arrangement
12/19/2012Reports Strong Copper and Silver Mineralization Including 5....
12/11/2012Advises Regarding Shareholder Meeting
11/28/2012Reports Excellent Drilling Results from Zone 5
11/1/2012Discovers New Mineralization Further Increasing the Size of ...
9/24/2012Finds Strong Copper-Silver Mineralization from New Drill Pro...
9/18/2012Welcomes Two New Board Members
12/11/2010Announces Closing of Arrangement for Spin-out of New Hana Co...
11/18/2010Announces Proposed Closing of Arrangement for Spin-out of Ne...
8/31/2010Non-Bank Financial Institutions Regulatory Authority of Bots...
8/23/2010Shareholders Approve Arrangement Agreement
7/15/2010New Board Member
7/8/2010Comments on Share Price-Drilling Continues
5/25/2010Revisions to Arrangement for Spin-out of New Hana Copper Min...
4/29/2010Letter to Shareholders
3/19/2010New Advisory Board Member
3/5/2010New Chief Financial Officer
1/22/2010Spin-Out of Kuke Property to New Hana Copper Mining Ltd.
7/13/2009Botswana ranked as most favourable mineral investment climat...
6/1/2009completion of inferred resource estimate - Ghanzi Copper-Sil...
5/30/2009Completes $3.2 Million Placement
5/6/2009Adopts Shareholder Rights Plan
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TSX-V (HMG.V)FRANKFURT (4LH.F)
0.810+0.00%0.144+132.26%
TSX-V
CA$ 0.810
02/19 16:59 -
0%
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0.810 0.810
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0.810 0.810
Year l/h YTD var.
0.740 -  0.810 1.25%
52 week l/h 52 week var.
0.330 -  0.860 97.56%
Volume 1 month var.
61,000 -%
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