Hannans Reward ASX Announcement / Media Release 6 September 2010 High grade gold mineralisation confirmed at Lake Johnston Project - Project review confirms historical high grade gold mineralisation and significant prospectivity within the project area - Most significant mineralisation includes: o 8 metres @ 5.09 g/t Au from 106 m o 5.0 metres @ 3.2 g/t Au from 112 metres o 3.5m @ 11.06 g/t Au from 127 metres o 3m @ 5.08 g/t Au from 127 metres o 3m @ 17.69 g/t Au from 124 metres - Detailed, prospect scale gravity surveys recently completed over the Ernest and Hardcore prospects - In-fill gravity survey between Ernest and Hardcore prospects to commence this Quarter - 20 reverse circulation (RC) drill holes for approximately 5,000 metres planned to test significant Ernest and Hardcore gold targets; Government approvals pending Western Australian minerals exploration company Hannans Reward Ltd (ASX: HNR) believes its Lake Johnston Project (located 100kms west of Norseman, in the Goldfields region of Western Australia) has the potential to host significant narrow, high grade gold mineralisation. A preliminary review of the exploration data within the Project has identified a number of high grade gold occurrences within the project area. The high grade gold mineralisation is located along a large scale northwest to southeast trending structure on the edge of a regional gravity high. The structure extends for approximately 15 kms with high grade gold mineralisation identified in rock chip sampling at the Ernest prospect, in RC percussion drilling at the Hardcore prospect and in RAB drilling at the Richard prospect (Figure 1). Exploration bedrock drilling is limited to only three prospects within the 15 km corridor, and Hannans recognise that there is significant potential to identify additional gold mineralisation within the area. The most significant mineralisation identified to date is located at the Hardcore prospect where previous RC percussion and diamond drilling has intersected gold intervals in excess of 1 g/t gold, using a 1 g/t cut-off the best intervals include; - 8 metres @ 5.09 g/t Au from 106 m - 5.0 metres @ 3.2 g/t Au from 112 metres - 3.5m @ 11.06 g/t Au from 127 metres - 3m @ 5.08 g/t Au from 127 metres - 3m @ 17.69 g/t Au from 124 metres The mineralisation is associated with a flat dipping shear and a felsic porphyry unit sitting immediately above the shear (Figure 2).

Previous drilling has been relatively shallow to a maximum of 200 metres below surface, and has not closed off the mineralisation down dip or to the north (Figure 3). Hannans have recently completed detailed, prospect scale gravity surveys over the Ernest and Hardcore prospects and will complete a more extensive gravity survey covering the corridor between the two prospects over the coming weeks.

Hannans have also planned a total of eleven RC percussion drill holes to test potential extensions to the Hardcore mineralisation down dip and along strike; the POW application for the drilling program has been submitted to the DMP and is awaiting approval. Hannans have also planned a total of nine RC percussion holes at the Ernest prospect, the prospect includes a number of high grade gold rock chip samples over a broad shear zone (Figure 4).

The drilling is planned to test possible extensions to the north of the gold mineralisation intersected in the previous drilling.

Hannans previously completed RC percussion drilling at the prospect during 2009, with the best intersection returning 4m @ 1.69 g/t Au and 19.3 g/t Ag in LJRC021.

The POW application has been submitted to the DMP and is awaiting approval. Nickel sulphide exploration will continue at Lake Johnson in the form of surface EM surveys, the aim of the surveys will be to complete coverage of the prospective ultramafic corridor; the EM will be completed over the coming two months. To view the full announcement please click on the link. http://esp.gewru.com/download/files/12414/1238418/High%20Grade%20gold%20at%20Lake%20Johnston%20-%20September%202010.pdf
For further information please contact: Damian Hicks Managing Director Hannans Reward Telephone: (08) 9324 3388 Fax: (08) 9324 3366 Email: Karen Oswald Professional Public Relations Telephone: 08 9388 0944 Mobile: 0423 602 353 Email: Hannans Reward Limited Summary Hannans Reward Ltd has developed a suite of prospective exploration projects within Australia covering nickel, gold and manganese.

Hannans has joint ventures with Vale (www.vale.com), Kagara Ltd (www.kagara.com.au), St Barbara Ltd (www.stbarbara.com.au) and Triton Gold Ltd (www.tritongold.com.au).

Hannans is the second largest shareholder in Warwick Resources Ltd (www.warwickresources.com.au) and holds equity in Atlas Iron Ltd (www.atlasiron.com.au).

Hannans shareholders are exposed to share price appreciation through exploration success at the following projects: Forrestania -- nickel & gold project 7km north of Western Areas Flying Fox nickel mine Lake Johnston -- nickel & gold project located 25km south east of Norilsks Maggie Hays nickel mine Jigalong -- manganese & base metals project located 150km east of Newman, WA Queen Victoria Rocks - joint venture with Companhia Vale do Rio Doce (Vale),30km south-west of Coolgardie, WA Sunday -- gold joint venture with Triton Gold Ltd, 10kms east of Leonora, WA
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