On a country by country basis - using the best jurisdiction within a country as the score - Botswana is ranked 7th out of 41 countries behind Canada, United States, Chile, Sweden, Finland and Australia.

A second index, intended to factor in mineral prospectiveness, ranks Botswana as the best in Africa at 17th position out of 71 jurisdictions.

The Fraser Survey has become the standard by which foreign investment risk is assessed in the minerals industry, because it is tailored and focused specifically on exploration, mining activity and policy. It is assembled from mineral resource company inputs. The top three scorers in the survey are Quebec, Wyoming and Nevada. The bottom three are Venezuela, Ecuador, and Guatemala.

Hana Mining's president, Peter Wilson said his company continues to receive strong support by governments and people living near Botswana's Ghanzi Copper-Silver Project.
"We are committed to working with all of our stakeholders as we endeavour to develop the Ghanzi Project into Africa's premier copper-silver deposit.

" The Fraser Survey result for 2009 is pleasing, in that it confirms our belief in the quality of the investment climate in Botswana," he said.

The Fraser Institute Annual Survey of Mining Companies was sent to approximately 3,000 exploration, development, and other mining-related companies around the world. Several mining publications and associations helped publicise the survey. The survey represents responses from 658 companies.

The rankings, formed from mineral resource company responses to specific questions, consider the full range of risk profiles for various countries, including existing business and environmental regulations, mineral rights, regulatory duplication and inconsistencies, taxation, uncertainty concerning native land claims and protected areas, infrastructure, socioeconomic agreements, political stability, labour issues, geological database, and security.

The companies participating in the survey reported exploration spending of $3.4 billion in 2008 and of $3.02 billion in 2007.

Hana Mining is operating a Copper-Silver Project in Ghanzi. The property consists of licence blocks covering 2,200km2. The area contains sediment-hosted copper-silver deposits with a demonstrated cumulative strike length of over 16 kilometres.

Power is available from Maun and the paved trans-Kalahari highway which runs from Namibia to South Africa, passes within 15km of the property.

The company recently released results of its first NI 43-101 resource estimate for the Ghanzi Project announcing an inferred resource of 2.9 billion lb of copper and 51.1 million oz of silver (0.3 percent Cu cut-off grade).