Company President Peter Wilson states, "We continue to receive encouraging results from our drill program and each of these are showing the tremendous upside potential to this system. The fact that we can take 200 meter step outs between holes and remain in mineralization indicates the predictability of the mineralized system. Currently, we have four drill rigs in four separate areas up to 95 kilometers apart and all are in mineralization. This, together with more than 200 kilometers of cumulative strike length, suggests a new copper district is emerging in the Ghanzi area of Botswana."

The intercepts reported are core length and are estimated to be within 80% or more of true width. Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/gh... or by following a link on the Company's website.

Highlights from the five holes include 7.0 meters grading 1.03 %Cu and 9.33 g/t Ag in HA-33-D at a vertical depth of 135 meters and a wide low grade zone of 17.0 meters grading 0.50 %Cu and 5.14 g/t Ag in HA-36-D at a vertical depth of 150 meters. A sectional hole, HA-37-D, was drilled to test this mineralization at a vertical depth of 100 meters or 50 meters above the intercept in HA-36-D. These results suggest potential for bulk tonnage mineralization. Two of the holes, HA-32-D and HA-34-D, were drilled on the same section and intersected mineralization at vertical depths of 125 meters and 85 meters, respectively.

The system remains open in both strike directions as well as down dip. Drilling in the Zone 2 area continues to focus on strike continuity to the southwest and northeast as well as sectional drilling to locate higher grade zones. As noted in a press release dated June 4, 2008, a second diamond drill rig has been added and is testing the north limb at Zone 1 along a 5 kilometer long coincident IP chargeability and Cu-in-soil geochemical anomaly. A core hole drilled by Anglo American in the early 1990's returned 13.9 meters grading 0.42 %Cu in the leached oxide zone in this vicinity. This area is 5 kilometers southwest of previous drilling by Hana at the Zone 1.

Elsewhere, copper mineralization has been intersected in a series of RC holes drilled in Zone 6, a distance of 95 kilometers northeast of Zone 2 as well as in a series of percussion holes 5 kilometers north of current drilling at Zone 2 on the north fold limb.

For details on current drilling activities refer to map www.hanamining.com/s/Ghanzi.asp?Repo... ).

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 Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates are inserted into the sample stream.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.

CONTACT INFORMATION:

Hana Mining Ltd

Peter G. Wilson

President, Director

(604) 676-0824

Email: mailto:minfo@hanamining.com

Website: www.hanamining.com

INDUSTRY: Manufacturing and Production - Mining and Metals

Like gold, investors' appetite for silver has been a key catalyst for the increase in the metal's prices, according to CPM Group, a commodity research and consulting-services provider.

Gold futures climbed past $1,000 an ounce in March to mark their highest level. Around the same time, silver futures reached a high of around $21 an ounce -- four times higher than the price five years ago, but a far cry from the peak level around $50 in 1980.

"Silver remains the most undervalued of all the commodities and all the precious metals and at the very least, the $50 per ounce nominal high of 1980 is very likely to be reached in the next 2 to 3 years," said Mark O'Byrne, a director at Gold and Silver Investments Ltd.

We've all heard that price prediction before. Almost 3 years ago, experts said silver was ready to rally with demand for the commodity outpacing production for 15 years in a row. See archived story.

It's possible that the $50 prediction holds true now, more than ever.

"Silver prices didn't stay high for long in 1980, and already are showing far more sustainability this time around," CPM Group said in its Silver Yearbook 2008 report released in late April.

Compared to gold's secular bull market, "silver's bull market is lagging in development," said Peter Spina, chief investment analyst at SilverSeek.com. "It has caught up and now will outperform gold going forward."

"$50 silver is very much so a possibility as the U.S. dollar continues to deflate its purchasing power over the coming years," he said.

Changing ways

True, the $50 price has been widely attributed to an attempt by brothers Nelson and William Hunt to corner the silver market almost 30 years ago.

But the investment landscape for silver has radically changed.

"Investors' attitudes toward silver will be key in determining prices going forward," said Carlos Sanchez, associate director at CPM Group.

Investors are estimated to have purchased 126.2 million ounces on a net basis over the past two years, the group said. Prior to that, the market saw 15 years of consistent heavy net sales by "disenchanted investors" -- from 1990-2005, according to CPM Group.

In 2006, the iShares Silver Trust (SLV: 174.12, +4.40, +2.6%) , a silver exchange-traded fund, was launched on the American Stock Exchange. During the course of that year, investors bought 121.1 million ounces of silver through that ETF, according to CPM.

"Supplies are rising but only incrementally and very marginally, especially in light of the huge demand created by the new ETFs and huge demand for physical silver internationally," said O'Byrne, who's based in Dublin.

World mine production of silver climbed by an estimated 4.1% to a record 533.7 million ounces last year, with the high silver prices encouraging new and expanded silver mine output, CPM Group said.

Secondary recovery of silver from scrap rose to 222 million ounces in 2007, up 3.3% from a year earlier, it said.

At the same time, fabrication demand rose by 0.9% to around 724 million ounces last year. It's expected to rise by 2.2% this year, CPM said.

Total ETF physical silver holdings climbed by 48% between December 2006 and December 2007, it said. They stood at 230.4 million ounces at the end of last year.

Silver ETFs alone now account for nearly half of the global silver market, according to O'Byrne.

With the Silver Trust having been the main silver ETF over the past couple of years, "all are startled by its power in the marketplace where to date, it has acquired 5,987 [metric tons] metric tons of silver," said Julian Phillips, an analyst at SilverForecaster.com.

That demand will, in time, "more than absorb 'official' selling by the governments that have been doing this over several decades," he said. "Currently we are left with only the remains of the Chinese and Indian governments."

"With this future and likely sudden drop in supplies from these sources, without any compensating drop in demand, we believe a day is coming when the silver price will soar -- even against the gold price where the supply factor will likely remain at close to present levels," Phillips said.

Add to that, if the Senate Banking Committee passes legislation to curb investment buying of oil and food, "then some of those funds will find their way to gold and silver," he said. See related story.

Dissipating supply

Silver is also used for industrial purposes on a huge scale -- akin to oil, said O'Byrne, and that means much of the above-ground supply of silver has been used up in the last 100 years.

Historical records suggest that about 43 billion ounces of silver have been mined since the dawn of civilization, according to CPM Group.

Maybe 1 billion ounces exist in the form of bullion bars and coins, and another 20 billion may be identifiable in jewelry, decorative objects and others, the group said.

But the "vast majority" of the world's mined silver cannot be accounted for, it said.

"It is estimated that 95% of the silver ever mined has been consumed by the global photography, technology, medical, defense and electronic industries," said O'Byrne. "This silver is gone forever."

And supply of silver is "inelastic," said O'Byrne. "Silver production will not ramp up significantly if the silver price goes up," he said, pointing out that supply didn't dramatically increase in the 1970s when silver rose 35-fold in price from $1.40 in 1971 to a high of nearly $50 in 1980.

At the same time, it's important to note that silver is a byproduct metal and some 80% of mined silver is a byproduct of base metals, he said.

"Higher prices for silver will not cause copper, nickel, zinc, lead or other base metal miners to increase their production," he said. "In the event of a global deflationary slowdown, demand for base metals would likely fall, thus further decreasing the supply of silver."

There are only a handful of pure silver mines remaining, he said, so that inflexible supply means that the market cannot expect significant mine supply to depress the price after silver prices climb.

"It is extremely rare to find a good service, investment or commodity that is price inelastic in both supply and demand," O'Byrne said.

Making an argument

Still, for some, $50 remains a bit of a stretch.

Silver's "not likely to hit $50 -- perhaps something in the high $20s or low $30s," said Ned Schmidt, editor of the Value View Gold Report.

"Gold is a monetary asset as it is used as reserves by central banks and gold coins are minted that are legal tender in the nation that minted them," he said. But "silver was demonetized in the 1800s by act of Congress in the U.S."

"Silver had been treated as an 'option' on what gold's price does," he said. But now "we have so many alternatives to silver to distract investors -- ETFs, futures mini futures, options on future, options on the metals."

"Silver must now compete with all of these for investment money," Schmidt said.

SilverSeek.com's Spina would argue that silver is "still benefiting from the same monetary driving forces which are seeing growing inflows of fiat money in exchange for real money."

"Silver's historical monetary attributes will continue to attract further demand as gold moves higher," he said. "With gold becoming ever more expensive, silver's nearly 1/50th the price per ounce will grow its appeal."

Still, while $50 silver is not impossible, Jon Nadler, a senior analyst at Kitco Bullion Dealers said he doesn't expect to see silver prices reaching beyond $25-$30 "at the extreme" and even that would require some major spike in gold, to $1,200-$1,300, or a full collapse of the dollar.

Link to Article

"Of 48 holes drilled by Hana, 45 have intersected visible Copper mineralization", states Peter Wilson, President of Hana Mining. "It is only a matter of time before we connect both limbs of the fold at Zones 1 and 2 for a total length of mineralized horizon of over 25 Kilometers." We are intersecting copper mineralization everywhere the prospective horizon has been drilled."

The expanded program will include a minimum 5,000 meters of core drilling in addition to the ongoing 10,000 meter core drilling program. The new core drilling is being carried out by Amagram (Pty) Ltd. and is focusing on a 5 kilometer long coincident IP chargeability and Cu-in-soil geochemical anomaly on the north limb of the anticline at Zones 1 and 2. A core hole drilled by Anglo American in the early 1990's returned 13.9 meters grading 0.42 %Cu in the leached oxide zone in this vicinity. This area is 5 kilometers southwest of previous drilling by Hana at the Zone 1 target. In addition, the other core rig and the percussion drill are testing the north and south limbs of an anticline at Zone 2, and an RC rig is testing mineralization at Zone 6 a total of 95 kilometers to the northeast. Currently three of the rigs are in mineralization. (Refer to map here: www.hanamining.com/s/Ghanzi.asp?Repo... ).

Sections and a 3D model of drilling to date can be viewed at http://www.corebox.net/properties/gh... or by following a link on the Company's website.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

CONTACT INFORMATION:

Hana Mining Ltd.
Peter G. Wilson
President, Director
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

LONDON (Reuters) - Copper and aluminium prices edged up on Friday as worries about supply shortfalls resurfaced, while tin fell sharply to a two-month low.

Copper <MCU3&gt; for three-month delivery on the London Metal Exchange was at $7,965 per tonne in the open outcry trade, up $75 from its close of $7,890 on Thursday, when touched it $7,855 per tonne, its lowest level in two months.

"Copper's fundamentals this year are very supportive -- this is a market in deficit. We would expect to see any further drop from these levels as being short-lived," said Gayle Berry, metals analyst at Barclays Capital.

"I would expect aluminium to remain really quite well supported ... Smelters in China do face further power hikes that will further raise their costs of production."

Aluminium <MAL3&gt; was up at $2,923 per tonne from $2,880 the previous day. The metal has been boosted this year by worries about power problems and supplies of the energy-intensive metal from China, the world's biggest producer and consumer.

Tin <MSN3&gt; fell to $19,925 a tonne, the lowest since April 3. It was last at $20,600 from $21,000. Prices of the metal have fallen by 18 percent since hitting a record of $25,500 on May 15.

"We're seeing a sharp profit-taking after a good rally," an LME trader said, adding the moves in the tin market could be volatile as it was more illiquid than copper or aluminium.

Analysts said the firmer dollar would weigh on commodity prices, as it made dollar-denominated metals more expensive for holders of other currencies.

The dollar firmed against the euro after surprisingly weak German retail sales figures added to the view that the euro zone economy may be weakening. [ID:nL30616593]

Metals prices slipped on Thursday after LME-registered warehouse figures showed most stocks had risen.

However copper could see some support by the threat of a nationwide strike in Peru and industrial action in Mexico, where workers held a one-day strike earlier this week. [nN29373599]

Subcontract workers at the world's largest copper miner, Codelco, are unhappy with a recent court ruling that overturned part of an agreement that ended a long-running dispute.

LME lead <MPB3&gt; fell $1 to $1,951 after shedding nearly 4 percent on Thursday.

Teck Cominco <TCKb.TO&gt; said it had restarted its Trail lead refinery in British Columbia after a brief closure following a pollution spill. [nSP210724]

Zinc gained $11 $1,991 while nickel was up $45 at $22,250/22,450.

TFN.newsdesk@thomson.com

ds1/ejp

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

Company President Peter Wilson states, "We are pleased with these results and they clearly show the continuity and predictability of the mineralized horizon along strike. Currently, we have three drill rigs in three separate areas up to 95 kilometers apart and all are in mineralization. With more than 220 kilometers of unexplored strike length the upside to this project is exceptional."

The intercepts reported are core length and are estimated to be within 80% or more of true width. Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/gh... or by following a link on the Company's website.

Highlights from the four holes include 4.7 meters grading 1.15 %Cu and 10.85 g/t Ag in HA-28-D at a vertical depth of 185 meters and 4.0 meters grading 1.00 %Cu and 13.50 g/t Ag in HA- 30 -D at a vertical depth of 160 meters. In addition to confirming strike continuity, these holes also indicate depth potential along the mineralized horizon. Drilling in this area continues to focus on strike continuity to the southwest as well as sectional drilling to locate higher grade zones. In addition, efforts will focus on strike continuation on the north limb at Zone 1 and the south limb at Zone 2 as well as targets generated by an ongoing IP geophysical survey and targets generated from previous drilling by Anglo American. For details on current drilling activities refer to map www.hanamining.com/s/Ghanzi.asp?Repo... ).

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 Scientific Services Laboratory in Cape Town, South Africa. Standards, blanks and duplicates are inserted into the sample stream.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining is the qualified person as defined in NI 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.

CONTACT INFORMATION:

Hana Mining Ltd.
Peter G. Wilson
President, Director
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

Hana is pleased to report it has added a percussion drill rig to its expanding drill program at its sediment-hosted Ghanzi Copper-Silver Project in Botswana, Africa.

Copper-sulphide mineralization was intersected in the first percussion hole and additional drilling will be carried out to determine the extent of the mineralization along strike and at depth. This area is located 13 kilometers along strike from Zone 1 and 4 kilometers north of current core drilling at Zone 2. Following completion of drilling at this target the percussion rig will move on to another fold structure 10 kilometers southeast of Zone 2. This structure, interpreted from an airborne magnetic survey, has not been explored previously.

The percussion drilling is being carried out by Pula Groundwater Developers (Pty) Ltd. and has begun testing the north limb of the Zone 2 anticline (refer to map here: www.hanamining.com/s/Ghanzi.asp?Repo... ). The drilling is designed to test areas interpreted to lie along the mineralized horizon but with little or no previous exploration.

Ongoing core and RC drilling will continue testing two separate areas. RC drilling is in progress at Zone 6 along a parallel syncline and core drilling continues on the south limb of the anticline at Zone 2. The core rig will also test targets generated by ongoing IP and HLEM geophysical surveys.

The Drilling program is designed to test 220 kilometers of prospective strike length defined by previous drilling, soil geochemistry and an airborne magnetic survey.

Drill sections to date are summarized in a 3D model which can be viewed at http://www.corebox.net/properties/gh... or by following a link on the Company's website.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

CONTACT INFORMATION:

Hana Mining Ltd.
Peter G. Wilson
President, Director
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

The RC drilling is being carried out by Major Drilling (Botswana) (Pty) Ltd. and is testing Zone 6 situated 95 kilometers northwest of Zone 1, which appears to be on the same mineralized Horizon as the previously announced results dated May 08, 2008. Two historical core holes drilled by Anglo American in this area returned 18.7 meters grading 1.70 %Cu with 8.3 g/t Ag and 9.7 meters grading 2.72 %Cu with 7.3 g/t Ag. Lengths reported are true widths.

A currently operating diamond drill rig will continue to focus on Zone 2 along the south limb of the anticline where drilling is being carried out at 200 meter spacing. Efforts will continue to focus on strike continuation on the south limb at Zone 2 as well as targets generated by an ongoing IP and HLEM geophysical surveys.

Drill sections to date are summarized in a 3D model can be viewed at

http://www.corebox.net/properties/gh... or by following a link on the

Company's website.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana

Mining is the qualified person as defined in NI 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

CONTACT INFORMATION:

Hana Mining Ltd
Peter G. Wilson
President, Director
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

New drill results show 2.69 %Cu, 52.64 g/t Ag over 13.0 meters (42.6 ft.) and 1.49 %Cu, 24.04 g/t Ag over 17.0 meters (55.8 ft.) in zones 13 km (8.1 mi.) apart

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Hana Mining Ltd. (TSX VENTURE:HMG) is pleased to report results from ten 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 which confirm the large potential of the prospect. All ten holes intersected copper-silver mineralization in two zones. Three of the holes, HA-17, 18 and 19-D were drilled along a 200 meter strike length in Zone 1 and the remaining seven, HA-20-D and HA-22 to 27-D, were drilled along a 300 meter strike length in Zone 2 to the south-west. These two zones are located approximately 13 kilometers apart.

Company President Peter Wilson states, "This is an exceptional mineralized system and our drill results are beginning to show the tremendous upside potential of the Ghanzi project. Our drilling to date has focused on a 3-kilometer strike length at Zone 1 and a1-kilometer strike length at Zone 2. Repeated folding of the prospective horizon has resulted in a cumulative strike length of at least 200 kilometers within the project area."

Dear CIGAs,

Nothing happens by chance! Please consider the following:

An excerpt from the below Reuters article:

"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID.”

Why is it that amongst companies active in minerals, it is primarily and almost only precious metals shares that are under severe selling pressure?

Why is it that companies active in other mined products or co-products as below have their shares in major demand?

Did gold not rise from $248 to a high of $1033, yet even then the hammer was being applied to gold shares, especially those that hold the potential and promise of new production, as production declines?

Is there not a glaring example of a mined product in the form of potash this week? Did not an IPO in a mining company specializing in potash used as a fertilizer open up above its issue price by 58%?

Chemically, potash consists of potassium carbonate, but also might contain potassium oxide or potassium chloride, depending on how pure you consider the mixture. Usually, potash takes the form of powdery salts. Modern methods of extraction almost all rely upon deposits mined from ores, like sylvanite.

Nowadays our potash comes from mining and goes toward inorganic fertilizer rich in potassium.

Why are other mining entities acting so well, especially those with the following significant products:

• Antimony
• Beryllium
• Cadmium
• Chromium
• Cobalt
• Manganese
• PGMs
• Rhodium
• Tungsten
• Vanadium

How about simple iron ore and all those involved in all the criteria of exploration and development of crude oil? That is an extractive industry as is precious metals mining.

Your answer may be that gold is different but it is not. You might say others think that gold has topped, but it hasn’t.

The stimulants economically are the same for potash, iron ore and the other items listed above as it is for gold. It is the growth in Asia, the consequences of the effort to maintain the social order as the financial order implodes, and the condition of the US dollar.

Nothing happens by chance but for argument sake lets call it an opportunity to be seized. Many junior gold companies are so depressed that they are worth more dead than alive.

Gold and other metals shares are depressed so that they are selling well below their “Asset Vale.”

Asset Value is something that 3.7 generations have not taken into consideration where price is concerned. You may recall that I suggested to you that one major company would consolidate the industry. Keep that concept in mind. Major gold producers are in need of new production. This is FACT.

South African companies are in need of major projects OUTSIDE of the RSA. For the RSA gold producer there is no expansion of reserves in RSA because, even if they have it, they cannot produce it as the energy situation is already stressed beyond demand. This is a long-term problem unfortunately.

The major consolidator of the Gold mining industry may have gotten too greedy in waiting for future reserve properties to become ever cheaper and cheaper for acquisition or joint venture.

The game being played by design or serendipity is to depress the juniors or to take advantage of the decline in the juniors as a result of the poor share price action through starving the junior or explorer of financing.

Depressing the price of the shares of most junior situations results in starving precious metals juniors of financing and their shareholders would be ripe for a bid for the company at a price much lower then their highs when gold was at $600. It may also make the smaller company eager to make deals at less than advantageous conditions for their investors.

The key here is that the gold producing industry is in need of new resources as present resources are depleting. That is fact about which there is no question whatsoever.

It is much cheaper to pick up a property or entire company in a financially stressed condition because it cannot publicly finance for continued operation.

Let’s call the situation the taking advantage of a serendipitous development. To others it looks like the consolidators are holding a smoking gun. The weakness in this strategy is the advent of new competition for minerals internationally, primarily from Asia and the Middle East.

The Saudis and the Chinese are actively looking for mineral prospects from industrial to precious metals, from strategic metals and material to rare earths and beach sands, having publicly said so at top executive levels.

The major industry consolidators now have competition from companies with more liquidity and NO need for debt to take any property to production.

The advent of this new competition may well trump the western companies some feel are holding the smoking guns.

This competition from Asia and the Middle East may accelerate the consolidator, whose timing is a greed driven desire to get properties so cheap they might be considered free, to move sooner than later.

To call attention to the factual nature of this analysis please read the following article posted here April 11th this year regarding the stated interest of a major Chinese company given publicly at a recent professional mining conference and quoted therein.

Please note the all-important statement given by a top executive of the Chinese company:

"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID."

Click here to view the full article

The Frankfurt Stock Exchange, operated by the Deutsche Boerse AG, is the largest of all German stock exchanges and is one of the world's largest trading centers for securities.

About Hana Mining Ltd.

Hana Mining Ltd. 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-Silver Project in Botswana, Africa. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper mineralization.

Hana Mining trades under the symbol HMG on the TSX Venture Exchange and on the Frankfurt Stock Exchange under the symbol "4LH" (WKN A0ML37 and ISIN CA4096391012).

Further Information

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Investor Relations

AGORACOM Investor Relations

Email: HMG@agoracom.com

Website: www.agoracom.com/IR/HanaMining

or

Hana Mining Ltd.

Peter G. Wilson

President

(604) 676-0824

Email: info@hanamining.com

Website: www.hanamining.com

With rampant supply disruptions and very low inventories, the analysts have revised their view and are now forecasting deficits of 100,000 tonnes in 2008 and 2009. They were previously expecting surpluses of 300,000 tonnes this year and 100,000 tonnes next year.

Everyone knows that the demand from China and India remains strong and is a big driver for the copper market. But according to the analysts, the bigger risk today is supply disruptions, which are already happening and could get a lot worse.

"The risk of significant disruptions [particularly in Chile and the African copper belt] to forecast output are very high. Labour, maintenance, weather, grade, and increasingly energy are combining to make copper mine supply one of the most precarious of any of the base metals," they wrote in a note to clients.

They go on to discuss a number of supply risks, but two that clearly stand out are power concerns in Chile and Zambia and political risk in the Democratic Republic of Congo.

Meanwhile, global copper inventories add up to just 1.8 weeks of consumption, the lowest of any base metal. That could make the market incredibly tight if there is a significant supply outage, they wrote.

With all that in mind, the UBS analysts are upgrading their 2008 copper forecast to US$3.50 a pound (from US$3) and the 2009 forecast to US$4 (from US$3.40). The 2010 estimate is a whopping US$4.50 a pound.

Click here to view article from source.

Hana issued 5,484,284 units (the "Units") at a price of $0.35 per Unit. Each Unit is comprised of one common share and one-half of one non-transferable share purchase warrant (the "Warrant"). Each full Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.75 until September 25, 2009, subject to an accelerated exercise clause. This accelerated exercise clause stipulates that if at any time after the first four months of the term of the Warrants the closing price for Hana's common shares is equal to or greater than $1.00 per share for a period of twenty (20) consecutive trading days, then Hana may deliver a notice to the Warrantholders notifying such Warrantholders that they must exercise their Warrants within thirty (30) days from the date of such notice as otherwise the Warrants will expire thereafter. Both the shares acquired by the placees and the shares which may be acquired upon the exercise of the Warrants are subject to a hold period and may not be traded until July 26, 2008.

Drilling to date has tested a 2.5-kilometer strike length at the H-I area and a 500-meter strike length, open in all directions, located 13 kilometers southwest of the H-I area. Drill results from this work have been discussed in press releases dated November 15, 2007, January 14, 2008, February 7, 2008 and March 6, 2008. It is notable that 14 of 15 diamond drill holes assayed and disclosed by Hana have intersected copper-silver mineralization. There are 220 kilometers of prospective strike length of mineralized sediments, based on previous drilling, soil geochemistry and interpretation of airborne magnetic surveys.

The Company has received, and expects that it may continue to receive, expressions of interest regarding possible acquisition offers, joint venture proposals and other merger-related transactions. Any expressions of interest related to such matters will be reviewed and considered by the Company with the best interests of the Company in mind and with a view to enhancing shareholder value. Hana is obligated and committed to informing shareholders when such expressions of interest are material, binding or have a reasonable probability of completion. The Company intends to only advise of such expressions of interest if and when they become material. At present, the Company is not engaged in any discussions regarding any such expressions of interest.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper-silver mineralization.

FURTHER INFORMATION

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Hana Mining Ltd.
Peter G. Wilson
President
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

or

Investor Relations
AGORACOM Investor Relations
Email: HMG@agoracom.com
Website: www.agoracom.com/IR/HanaMining

In an effort to keep you up to date on all pertinent information regarding the resource sector, please take a moment to read today’s AGORACOM Blog.

Bear Stearns Is Crashing On News Of Emergency Funding - Gold Firmly Breaks $1,000

Click here to read the blog in its entirety.

Regards,

AGORACOM

The non-brokered private placement consists of up to 7,142,857 units (the "Units") at a price of $0.35 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one additional common share of the Company for a period of 18 months from the closing date of the placement (the "Closing Date"), at a price of $0.75 per share.

In the event that the Company's common shares trade on the TSX Venture Exchange at or above the daily volume weighted average trading price of $1.00 for 20 consecutive trading days at any time after four months and one day after the Closing Date, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case the warrants will expire on the 30th day after the date on which such notice is given by the Company.

The Company has agreed to pay a finder's fee of 7% in connection with a portion of the private placement and the finder may elect to take all or a portion of the fee in Units.

The private placement is subject to acceptance by the TSX Venture Exchange.

The net proceeds of the private placement will be used to fund ongoing exploration of its highly prospective Ghanzi Copper-Silver Project located in the Republic of Botswana including increasing the number of drilling rigs on the property and to develop the property's mineralization into proven, indicated and inferred resource categories.

The offered securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the Company in the United States.

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-Silver Project. The property consists of five license blocks covering 4,370 square kilometers that contain widespread sediment-hosted copper mineralization.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Hana Mining Ltd.
Peter G. Wilson
President
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

or

Investor Relations
AGORACOM Investor Relations
Email: HMG@Agoracom.com
Website:www.agoracom.com/IRHanaMining

"We are extremely pleased with the results from drilling at Ghanzi to date," said Peter Wilson, President of Hana Mining. "At the same time, we believe that the real potential lies in outlying targets and intervening untested areas. For example, our exploration efforts have so far focused on a 2.5 -kilometer strike length at the H-I area and a 500-meter strike length located 13 kilometers southwest of the H-I area. In total we have tested approximately three kilometers of the mineralized horizon along a cumulative strike length of at least 140 kilometers. Clearly this is a very exciting time for us."

Hole HA-04-D was designed to twin a low-grade reverse circulation hole in the lower-grade oxide zone. This hole intersected 11.0 meters grading 0.58% copper and 4.67 g/t silver. These values are consistent with those reported in other holes within the oxide zone. The other two holes, HA-11-D and HA-12-D, are infill holes that tested the mineralized zone below the oxide-sulphide transition.

The intercepts reported are core length and are estimated to be within 80% or more of true width. Molybdenum grades were cut to 10,000 ppm and rhenium was cut to 50 ppm.

"The results in HA-10-D, as well as from some earlier holes, clearly illustrate the influence of an enrichment process that remobilized copper and introduced other metals into the mineralized sediments," said Joe Arengi, Vice President of Exploration for Hana Mining. "The net effect is higher-grade mineralization with a higher per tonne value. Closer spaced drilling will be required to delineate the extent of these veins."

Current drilling is focused on the ID1 area, which is situated 13 kilometers southwest of H-I on the south limb of the anticline (see accompanying map -http://media3.marketwire.com/docs/ha... ). A core hole drilled at ID1 by Anglo American in the early 1990s returned 7.5 meters grading 1.38% copper. A total of seven drill holes have been completed to date. Samples have been shipped to the lab and results will be announced upon receipt and compilation.

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.

Rhenium is a rare metal with only 40.0 tonnes produced worldwide annually. It has a very high melting point, is used in the aerospace and high-tech industries and is currently valued at approximately $8 per gram.

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-silver mineralization.

Joseph Arengi, M. Sc., P. Geo., Vice President of Exploration for Hana Mining, is the qualified person as defined in NI 43-101.

For more information, please contact

Hana Mining Ltd.
Peter G. Wilson
President
(604) 676-0824
Email: info@hanamining.com
Website: www.hanamining.com

or

Investor Relations
AGORACOM Investor Relations
Email: HMG@agoracom.com
Website: www.agoracom.com/IR/HanaMining

Chinese copper smelters have been operating at a lower capacity in recent weeks due to power shortages caused by the heaviest winter storms in decades, forcing Asian buyers to source more supplies from further afield.

London Metal Exchange (LME) monitored inventories have fallen by almost 30 pct since the beginning of the year, overshadowing ongoing economic concerns and driving prices to their highest level since last October. Inventories dropped by a further 4,025 tonnes to stand at 140,350 tonnes today.

"The rally in prices has been underpinned by the rapid pace in LME stock withdrawals and solid underlying demand from Chinese semi-fabricators that have returned to the spot market to restock following the Chinese New Year," said analysts at Barclays Capital, though they cautioned that short-term market tightness in Shanghai appeared to be easing, which should keep a lid on prices.

At 1.23 pm, LME copper for 3 month delivery was up at 8,063 usd a tonne against 7,974 usd in late New York trades. Earlier the red metal hit a 4-month peak of 8,095 tonnes.

Strong Chinese demand has pushed concerns over the health of the world economy to one side for now, but analysts have cautioned that further poor economic news out of the US could still dent market sentiment. Fears of a recession in the US have weighed on prices in recent months, with the demand outlook for industrial metals closely linked to global economic growth.

Tighter economic policies in China may also go some way to reigning in buoyant Chinese demand for copper and other industrial metals, with rapidly rising inflation forcing the central government to take action to cool the economy.

"China inflation hit 7.1 pct in January which might prompt some further tightening," said Fairfax analyst John Meyer.

The continued rapid growth of developing economies like China during the ongoing economic turmoil has at the same time provided some investors with reason to be cautiously optimistic.

"The macro environment beyond the US has provided some cause for some optimism," said UBS analyst John Reade. "Growth forecasts have been downgraded by central banks but only by a moderate degree, and emerging markets in particular are continuing to benefit from growing domestic demand to offset a slowdown in exports to industrialised economies.

"However, the global economy continues to face key tests ahead and market complacency at this stage in the business cycle may only serve to derail a necessary global rebalancing and forestall a full recovery."

In other metals traded on the LME, aluminium was up at 2,841 usd a tonne against 2,825 usd at the close yesterday. On Friday, aluminium hit a 9-month high of 2,873 usd amid ongoing jitters over possible supply outages in South Africa due to power shortages in the key producer.

Lead was up at 3,105 usd against 3,030 usd, supported by a 525 tonne decline in LME inventories. Yesterday, the International Lead and Zinc Study Group reported that lead usage outstripped production of the metal by 70,000 tonnes in 2007.

Global demand for refined lead grew by 2 pct according to the group, with fast rising Chinese consumption more than making up for falling usage in the US, Europe and Japan.

In other metals, three month zinc was at 2,395 a tonnes versus 2,365 usd, while tin rose to 17,100 usd a tonne from 17,075 usd, supported by a 185 tonne drop in stockpiles held by the LME. Finally, nickel was up at 27,940 usd a tonne against 27,650 usd.

Where is the Copper Market Headed in 2008?

Copper consumers must feel giddy from this year’s roller coaster ride. Trying to predict when to buy has been a nightmare. Now we have a new question: What will the red metal do in 2008? The International Copper Group reports that the main engine of demand, China, will become a net exporter of metal in 2008 as new domestic production capacity comes on stream, reversing a significant demand for finished metal to one of additional supply to the world market. Following government efforts to cool the economy with tighter credit controls and the removal of export rebates, demand in China is forecast to rise by between five to seven percent next year, slowing from this year’s breathtaking 12 percent.

Copper inventories on the London Metal Exchange have increased 30 percent since the credit crunch hit the U.S. market in September, with the U.S. housing market showing no end to its 18 month decline. A similar story is unfolding in Europe. Copper demand is forecast to slow in these two important markets. The U.S. consumes 13 percent of world copper while Europe consumes a little less, but combined, they nearly equal China’s 20-30 percent. So if American and European economies continue to slow — and China becomes a net exporter — it won’t even take a recession to further depress copper prices. No wonder analysts are estimating $2.50/lb. for early next year, levels not seen since the beginning of 2007. The message for buyers is to keep price deals of short duration and monitor the markets to buy on dips. Volatility has been a feature of the market for the entire year, and we can expect that to continue in 2008. Most important of all, follow this blog for our thoughts on the market as the newest year unfolds!

Precious metals gained ground too, with gold and platinum hitting records, lifted by fund money piling into commodities as investors sought protection and high-yielding assets amid fears about the health of the global economy.

Copper for delivery in three months on the London Metal Exchange touched $8,445 (U.S.) per tonne, its highest since May 24, 2006, before closing up 3.4 per cent at $8,430, against Wednesday's close of $8,150.

At the New York Mercantile Exchange's Comex division, copper for March delivery ended 10.20 cents higher at $3.8105 a pound, after dealing between $3.7140 and a new contract high of $3.8465 — the highest level for a second month contract on a continuation basis since May 30, 2006.

On May 11, 2006, London copper recorded its all-time high of $8,800, while Comex copper hit $4.16.

“We've seen plenty of investors turned quite bullish on the [metals] complex as a whole,” said Daniel Hynes, an analyst at Merrill Lynch. “We've certainly seen weak equity markets, and in general commodities have been a diversifier against that. The index money and long-term pension money has been flowing.”

The Reuters-Jefferies CRB index hit a new record at 398.04 points, up 0.65 per cent.

“We strongly believe that this is due to commodity index buying,” a UBS report said, pointing to the commodity rally.

“This has provoked short covering in base metals and has contributed to the move higher in copper and aluminum.”

Aluminum firmed $62 to $2,946, after touching an intraday high of $2,970 — the highest since mid-May, 2006.

Gold hit a record $953.60 an ounce, while platinum rose to an all-time high $2,182, having risen more than 40 per cent this year, as mines in South Africa ground to a halt for five days during last month's power crisis.

Stocks of copper have fallen more than 30 per cent this year. On Thursday, they dropped 2,250 tonnes to 135,375, enough for less than three days' of global consumption.

“We expect market fundamentals to remain strong in the weeks ahead, which will likely maintain downward pressure on inventories and should also support prices,” analyst Michael Widmer at Lehman Brothers said in a research note.

Zinc jumped 6 per cent, helped by short-covering, traders said. Three-months zinc touched $2,550 per tonne and was later at $2,540 per tonne, up $135 from Wednesday.

“A lot of people were going short on zinc, and now that the prices are bouncing back, they're covering their positions,” an LME trader said.

Also supporting prices, China's Luoping Zinc and Electricity said it had halted mining production and reduced refined zinc production due to power shortages in Qujing city as more snow fell in Yunnan.

Nickel jumped to an intraday high of $29,300, up 4.3 per cent, before closing at $29,250, versus $28,100 Wednesday.

Tin hovered close to its record high of $17,575 set in November. It hit $17,480 before ending at $17,400 per tonne, up $300 from Wednesday.

Lead rose 1.8 per cent to $3,336 from $3,276

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,&quot; 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

The following is a Dow Jones interview with President of Hana Mining, Mr. Peter Wilson.

Click here to view the interview.

Regards,
AGORACOM