Hanstone Closes Loan Transaction

(TheNewswire)

Vancouver, BC – TheNewswire - June 24, 2025 – Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the“ Company ” or “ Hanstone ”) is pleasedto announce that it has completed a loan transaction (the“ Loan ”) under which it has borrowed $800,000 (the“ Principal ”) from an affiliate (the “ Lender ”) of Mr. Gurbakhshish “Bob” Hans, a director ofHanstone. The Lender previously loaned anaggregate of $1,225,000 to Hanstone in 2023 and 2024 (the“ Past LoanAmounts ”). The new Loan was conducted under anamended and restated loan agreement (the “ Amended Loan Agreement ”) dated as of the date hereof which contemplates totalloaned funds of $2,025,000, being the Past Loan Amounts and thePrincipal.

The Principal and the Past Loan Amounts are repayableon August 1, 2027, and accrue interest at 15% per annum, such interestcalculated and payable annually in arrears. The Principal, the PastLoan Amounts, and interest thereon are secured by a perfected firstpriority security interest in all present and after-acquired propertyof the Company. Hanstone will use the Loan for the final propertyoption payments respecting Hanstone’s Doc Project, for annualmaintenance payments on Hanstone’s Snip North Project, and forgeneral corporate purposes approved by Hanstone’s board ofdirectors.

In connection with the Loan, Hanstone issued anaggregate of 16,000,000 common share purchase warrants (each, a“ Loan Warrant ”) to the Lender, with each Loan Warrant exercisable toacquire a common share (a “ Loan WarrantShare ”) at a price of $0.05 per Loan WarrantShare expiring August 1, 2027. The securities issued in connectionwith the Loan are subject to a four month hold period expiring October24, 2025. There is no material fact or material change about theCompany that has not been generally disclosed.

As Mr. Hans is an insider of the Company, the Loan is a“related party transaction” as defined under MultilateralInstrument 61-101 (“ MI61-101 ”). The Loan is exempt from the formalvaluation requirement under MI 61-101 because Hanstone’s securitiesare not listed on any of the markets specified in MI 61-101, and theLoan is exempt from the minority shareholder approval requirementunder MI 61-101 because the Loan is not convertible into or repayablein, directly or indirectly, equity or voting securities of the Companyand is made on reasonable commercial terms that are no lessadvantageous to the Company than if the Loan was made by an arm’slength party. A material change report respecting the Loan was notfiled at least 21 days before closing, which is reasonable given theexemptions from MI 61-101 described above. Hanstone’s independentdirectors have approved the Loan.

This news release is not an offer to sell or thesolicitation of an offer to buy the securities in the United States orin any jurisdiction in which such offer, solicitation or sale would beunlawful prior to qualification or registration under the securitieslaws of such jurisdiction. The securities being offered have not been,nor will they be, registered under the United States Securities Act of1933, as amended, and such securities may not be offered or soldwithin the United States or to, or for the account or benefit of, U.S.persons absent registration or an applicable exemption from U.S.registration requirements and applicable U.S. state securitieslaws.

About Hanstone Gold Corp

Hanstone is a precious and base metals explorer withits current focus on the Doc and Snip North Projects optimally locatedin the heart of the prolific mineralized area of British Columbiaknown as the Golden Triangle. The Golden Triangle is an area whichhosts numerous producing and past-producing mines and several largedeposits that are approaching potential development. The Company holdsa 100% earn-in option on the 1,704-hectare Doc Project and owns a 100%interest in the 3,336-hectare Snip North Project. Hanstone has ahighly experienced team of industry professionals with a successfultrack record in the discovery of gold deposits and in developingmineral exploration projects through discovery to production.

For Further InformationContact:

Ray Marks, President

+1-(778)-896-7778,ray.marks@hanstonegold.com

Or visit the Company’s website at www.hanstonegold.com

Forward Looking StatementsDisclaimer

The information contained hereincontains “forward-looking statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 and“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events, or developments that the Company expects oranticipates will or may occur in the future. Generally, but notalways, forward-looking information and statements can be identifiedusing words such as “plans”, “expects”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or the negativeconnotation thereof or variations of such words and phrases or statethat certain actions, events, or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “beachieved” or the negative connotation thereof.

Forward-looking information andstatements are based on the then current expectations, beliefs,assumptions, estimates and forecasts about Hanstone’s business andthe industry and markets in which it operates and will operate.Forward-looking information and statements are made based uponnumerous assumptions, including among others, the results of plannedexploration activities are as anticipated, the price of gold, the costof planned exploration activities, that financing will be available ifneeded and on reasonable terms, that third party contractors,equipment, supplies and governmental and other approvals required toconduct Hanstone’s planned exploration activities will be availableon reasonable terms and in a timely manner and that general businessand economic conditions will not change in a material adverse manner.Although the assumptions made by the Company in providingforward-looking information or making forward-looking statements areconsidered reasonable by management at the time, there can be noassurance that such assumptions will prove to be accurate.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

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