Hana Mining Receives Approval From Botswana Competition Authority

Hana Mining Ltd. (the "Company" or "Hana") (TSX
VENTURE:HMG)(FRANKFURT:4LH)(BOTSWANA:HANA) is pleased to announce that the
Botswana Competition Authority has issued its final approval in respect of the
acquisition of all of the Company's issued and outstanding securities pursuant
to a plan of arrangement (the "Arrangement") involving Hana, Cupric Canyon
Capital LP ("Cupric"), Cuprous Capital Ltd., a wholly owned subsidiary of
Cupric, and Hana's securityholders. 


The parties continue to work towards satisfaction and receipt of the outstanding
Arrangement conditions. The closing of the Arrangement remains subject to the
satisfaction or waiver of such conditions and the final approval of the TSX
Venture Exchange. The closing of the Arrangement is expected to occur the week
of February 18, 2013. 


Under the Arrangement, shareholders of Hana will receive C$0.82 in cash for each
common share of Hana, representing a premium of approximately 88% to the 20-day
volume weighted average price of the Hana Shares on the TSX Venture Exchange as
of October 23, 2012. The total consideration payable to Hana shareholders is
approximately C$67 million and the Arrangement values Hana's equity at
approximately C$82 million. Upon closing of the transaction, Cupric intends to
advance the Ghanzi project through the design, construction and operational
phases of its development. 


Further details regarding the Arrangement are set out in the Company's notice of
special meeting of securityholders and information circular dated November 16,
2012, which is available at www.sedar.com. 


About Hana

The Company has been exclusively engaged in mineral exploration activity in
Botswana since mid-2007, specifically targeting discovery of precious and base
metals. The Company has a controlling interest in Hana Ghanzi Copper (Pty) Ltd.
(formerly Stellent (Proprietary) Ltd.) who in turn controls 5 prospecting
license blocks in Botswana, covering 2,149 square kilometers in area, situated
south of the town of Maun. The Company's single exploration project, the Ghanzi
Copper-Silver Project, is located on this license area.


Forward-Looking Statement

Certain information contained in this news release, including any information
relating to the proposed transaction (the "Transaction") and Hana's future
financial or operating performance may be deemed "forward-looking". These
statements relate to future events or future performance and reflect Hana's
expectations regarding the Transaction, and the future growth, results of
operations, business prospects and opportunities of Hana and the combined
company. These forward-looking statements also reflect Hana's current internal
projections, expectations or beliefs and are based on information currently
available to Hana, respectively. In some cases forward-looking information can
be identified by terminology such as "may", "will", "should", "expect",
"intend", "plan", "anticipate", "believe", "estimate", "projects", "potential",
"scheduled", "forecast", "budget" or the negative of those terms or other
comparable terminology. Assumptions upon which such forward looking information
regarding completion of the Transaction is based include that Hana will be able
to satisfy the conditions to the Transaction, that the required approvals will
be obtained from the shareholders and optionholders of Hana, that all third
party regulatory and governmental approvals to the Transaction will be obtained
and all other conditions to completion of the Transaction will be satisfied or
waived. Although Hana believes that the forward-looking information contained in
this news release is based on reasonable assumptions, readers cannot be assured
that actual results will be consistent with such statements. Accordingly,
readers are cautioned against placing undue reliance on forward-looking
information. Hana expressly disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information,
events or otherwise, except in accordance with applicable securities laws.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hana Mining Ltd.
Marek Kreczmer
CEO
[phone]
[phone] (FAX)
[e-mail]
www.hanamining.com