Hanover pursuing exploration of deep water aquifers

Hanover Gold Company, Inc. recognizing that there is a water shortage in various areas of the country is researching the technology to locate and tap into deep-water aquifers.

VERADALE, Wash., Aug. 22, 2001 — Hanover Gold Company, Inc. recognizing that there is a water shortage in various areas of the country is researching the technology to locate and tap into deep-water aquifers.

The company has hired a consulting geologist with experience in hydrology to identify areas that have the potential for deep-water aquifers. The company is also investigating the possibility of joint venturing the exploration and development of an aquifer or aquifers with a company that has considerable data relating to areas with the potential for deep-water aquifers.

The demand for quality drinking water is particularly critical in the southwest. Deep fresh water aquifers provide a greatly needed source of renewable water and can be sold outright or on an annualized basis to municipalities.

For more information concerning this announcement or any other aspect of Hanover's business, contact Hanover Gold Company, Inc., 424 S. Sullivan Road, Suite 300, Veradale, Washington 99037; telephone 509/891-8817; fax 509/891-8901.

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