VANCOUVER - Hanstone Gold Corp. (TSX.V: HANS) (FSE: HGO) ('Hanstone' or the 'Company') is pleased to provide an update on recently received gold assays results from the 2021 drilling program completed in September, at the company's 100% owned DOC property located in British Columbia's prolific Golden Triangle Mining District.

The Golden Triangle has been reported to account for an estimated 44% of the $422 million in mineral exploration expenditures in British Columbia, currently hosting three of Canada's largest gold mines.

The program consisted of 23 diamond core drillholes totaling 2,852.04 meters. The drill program focused on investigating and verifying historic drill-indicated gold mineralization, while expanding the known mineralization zones along strike.

Drilling result highlights from the 2021 drilling program include: Hole DC-21-025 intersected 5.83 m grading 2.86 g/t Au, 23.25 g/t Ag and 1,721.20 ppm Cu including 3.32 m grading 4.89 g/t Au, and 38.77 g/t Ag, and 1920.73 ppm Cu

Hole DC-21-026 intersected 6.47 m grading 1.13 g/t Au, and 4.15 g/t Ag and 17.59 m grading 0.46 g/t Au and 2.54 g/t Ag including 6.14 m grading 1.07 g/t Au and 5.47 g/t Ag

Hole DC-21-027 intersected 1.18 m grading 24.67 g/t Au, and 65.20 g/t Ag, and 35.92 m grading 1.03 g/t Au, and 4.44 g/t Ag including 1.41 m grading 12.14 g/t Au, and 49.10 g/t Ag

DC-21-027 intersected low-grade mineralization over a 35.92 m within a fault zone with moderate to strong hematite and sericite alteration, and 1-5 cm quartz veining. The mineralization style indicates a potential continuation of the DOC epithermal vein system, heavily influenced by structure. The hole confirms mineralization from a historic hole and expands the mineralization footprint.

Based on the results from DC-21-025 to DC-21-027, further investigations into the area will be completed in 2022, including prospecting, mapping, with potential for follow up drilling. Another focus for the 2022 will be the location in and around the area to which DC-20-04 to DC-20-06 intersected high-grade mineralization reported in a previous release. The focus will be to use a combination of geophysics, along with a structural interpretation of the area to focus on a potential splay off the main DOC vein system. The geophysics and structural interpretations will aid in determining the future drilling plans in the area for 2022.

About Hanstone Gold

Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn in option in the 1,704-hectare Doc Project and owns a 100% interest in the 3,336-hectare Snip North Project. Hanstone has a highly experienced team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral exploration projects through discovery to production.

Contact:

Carrie Howes

Tel: +1-(778)-551-8488

Email: carrie@hanstonegold.com

Web: www.hanstonegold.com

Cautionary Statement Regarding Forward Looking Information

The information contained herein contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation. 'Forward-looking information' includes, but is not limited to, statements with respect to the activities, events, or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified using words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or the negative connotation thereof or variations of such words and phrases or state that certain actions, events, or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Hanstone's business and the industry and markets in which it operates and will operate. Forward-looking information and statements are made based upon numerous assumptions, including among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner.

Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

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