Hispania Resources Inc. Operational Update

Toronto, Ontario--(Newsfile Corp. - February 22, 2024) - Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the company"), a mineral exploration company focused on Spain, is pleased to provide an operational update for the company. This week, Management of Hispania Resources held meetings with key government stakeholders in Spain, including in Lumbrales and Puebla de la Reina.

Regarding the company's asset Mari Tere, the former tin producing asset located in Lumbrales, Spain. Management of the company held discussions with municipal authorities of the town of Lumbrales regarding the asset, which was last operated during the mid 1980's and closed in 1986 due to low Tin prices. Discussions were positive with the local authorities and Management is very pleased with the outcome and looks forward to continued work in the town of Lumbrales, with the support of all stakeholders locally and regionally.

Management also met with the mining authorities in Extremadura Province to discuss developments relating to the Herrerias property, these were very forthcoming and management is pleased with these discussions.

Norman Brewster, Chief Executive Officer of Hispania commented, "the governmental bodies in both regions we met this week have been extremely supportive of Hispania and our efforts in those localities. With an emphasis on critical minerals in the European Union and specifically Spain, as well as our focus on sustainable mining efforts and positive societal and economic impacts in the communities where we will operate - like we had with Iberian - the local and regional governments where our three assets are, are supportive of the projects and we look forward to carrying them forward with all of our stakeholders' assistance."

About Hispania Resources Inc.

Hispania Resources Inc is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing 3 core assets across Spain, including the copper, zinc project Otero, the formerly producing tin project Lumbrales and the copper, zinc Puebla de la Reina project. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Minerals with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

For more information on Hispania Resources Inc., visit: http://HispaniaResources.com/.

Contact Information

For more information or interview requests, please contact:

Norman Brewster - Chief Executive Officer 
[email protected]
(416) 970-3223

Rahim Allani - Director
[email protected]
(416) 457-0549

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the expected commencement of work on the PBR project, the expected meetings with local drilling firms, as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedar.com. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

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