Hanstone Makes Drawdowns Under Loan Agreement

(TheNewswire)

Vancouver, BC, January 16, 2025 – TheNewswire - Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the“ Company ” or “ Hanstone ”) announces that it has madeadditional aggregate drawdowns of $40,000 (the “ Drawdowns ”)pursuant to an amended and restated loan agreement (the“ Amended LoanAgreement ”) with anaffiliate (the “ Lender ”) of Mr. Gurbakhshish “Bob” Hans, a director of Hanstone (seeHanstone’s news release dated November 6, 2024 for further detailsrespecting the Amended Loan Agreement and the loan transactionthereunder). With the Drawdowns, the Company has now borrowed anaggregate of $1,195,000 under the Amended Loan Agreement, and up to anadditional $30,000 remains available for drawdown under the agreement.

In connection with the Drawdowns, Hanstone issued anaggregate of 800,000 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 Loan Warrants and Loan WarrantShares are subject to a four month hold period expiring May 16, 2025.The Company will use the Drawdowns for general corporate purposesapproved by the board of directors of the Company.

As Mr. Hans is an insider of the Company, the loantransaction is a “related party transaction” as defined underMultilateral Instrument 61-101 (“ MI 61-101 ”). Thetransaction is exempt from the formal valuation requirement under MI61-101 because Hanstone’s securities are not listed on any of themarkets specified in MI 61-101 and is exempt from the minorityshareholder approval requirement under MI 61-101 because the aggregatefair market value of the transaction is not more than $2,500,000 andHanstone’s independent directors have approved the transaction.

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 informationcontained herein contains “forward-looking statements” within themeaning of the United States Private Securities Litigation Reform Actof 1995 and “forward-looking information” within the meaning ofapplicable Canadian securities legislation. “Forward-lookinginformation” includes, but is not limited to, statements withrespect to the activities, events, or developments that the Companyexpects or anticipates will or may occur in the future. Generally, butnot always, forward-looking information and statements can beidentified using words such as “plans”, “expects”, “isexpected”, “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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