Hispania Resources Update on the Herrarias Property

Toronto, August 14, 2024 - Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the company"), a mineral exploration company focused on base metal properties in Spain, wishes to inform shareholders that it has submitted an Environmental Impact Study for its Herrarias permit. This was submitted by Hispania's team in Spain in consultation with Mining Authorities.

All documents and reports have been submitted to the Environmental Department in Badajoz and the parties responsible for drafting the final environmental impact resolution. Upon receipt of the resolution, it will be forwarded to the General Director of Mines in Merida for the renewal of the investigation permit. As part of this process, Hispania has discussed its three (3) year work program with the Mining Authorities. Norman Brewster, Chief Executive Officer of Hispania commented, "We are pleased to take this next step with the Herrarias permit. Given our past relationships with Mining Departments in Spain, we intend to closely work with these Departments in the jurisdictions where our properties are located. From my time at Iberian Minerals, I have always done this and believe it is a key to success in Spain. And we look forward to taking the next steps at this property with the teams in Badajoz, the local government in Puebla de la Reina, and at our properties in Castille y Leon"

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/.

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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