| ||Tue Jan 19, 2010|
Hansa Finalizes Agreement for Sale of Swedish Properties
| ||January 19, 2010 - Vancouver, Canada -- Hansa Resources Ltd ("Hansa") TSXv-HRL; Frankfurt-3F2 - Mr. Damien Reynolds, President, is pleased to announce that Hansa has finalized a Letter of Intent ("LOI") with Botnia Exploration Holding AB ("Botnia"), which contains the principal terms for the sale of Hansa's wholly owned subsidiary Hans A Resources AB ("Hans A"). Botnia is a company incorporated under the laws of Sweden that is publicly traded on the Aktietorget exchange under the symbol "BOTX". Hans A is the holder of a number of mineral licenses primarily located in the Vasterbotten area of Sweden, along the famous "Gold Line".|
Pursuant to the terms of the LOI, Botnia will acquire all of the issued and outstanding shares of Hans A or, alternatively, at Botnia's option, all of the assets of Hans A. As consideration, Hansa will receive 7,000,000 SEK or approximately Cdn$1,000,000, payable in three instalments over thirty months, and approximately 237,000,000 shares of Botnia. On closing, Hansa will become the largest shareholder of Botnia owning approximately 38% of the issued and outstanding shares of Botnia.
Approval by the shareholders of Hansa and regulators, including the TSX Venture Exchange, will be required for the transaction.
Mr. John Nugent, Chairman of Hansa, states, "Hansa believes that the value of our Nordic gold projects is most effectively realized in co-operation with a strong Nordic partner. We believe that Botnia, under the leadership of Bengt Ljung and an outstanding Board of Directors, is such a partner. We look forward to many years of working together, unlocking the value of these properties to the benefit of Botnia's and Hansa's shareholders".
ABOUT HANSA RESOURCES LTD.
Hansa Resources Limited is a TSX-V and Frankfurt, listed Canadian mineral exploration company engaged in the acquisition, exploration and development of base and precious metal properties. Hansa Resources is committed to building shareholder value through minimizing risk and maximizing potential value of the Company's projects, utilizing Hansa's highly experienced, flexible and successful Board of Directors and Management.
On behalf of the Board,
Damien Reynolds, President
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Forward Looking Statement. This news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.