DAR ES SALAAM, Tanzania, June 19, 2017 (GLOBE NEWSWIRE) -- Handeni Gold Inc. (the “Company” or “Handeni Gold”) (OTC
Pink:HNDI) is pleased to announce that it has entered into a shares for debt settlement with IPP Ltd. pursuant to which the Company
has issued 2,475,000 shares of restricted common stock to IPP Gold Ltd. at a deemed settlement price of $0.12 per share in full and
complete satisfaction of outstanding debts of $297,000 owing from the Company to IPP Ltd.
The securities issued pursuant to the shares for debt settlement have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “U.S. Securities Act”). Such securities are “restricted securities” as defined under
Rule 144(a)(3) of the U.S. Securities Act and contain the appropriate restrictive legends as required under the U.S. Securities Act
and under Multilateral Instrument 51-105.
About Handeni Gold Inc.
The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities
in Tanzania. For more information, go to www.handenigold.com.
Safe Harbour Statements
Except for the statements of historical fact contained herein, the information presented in this news release
constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements
relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable
and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends",
or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are
not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, the
availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares,
accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction
activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release and in any document referred to in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the
statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our
current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks
and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United
States Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and
intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to
the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Handeni Gold Inc. Dr. R. Scheepers (CEO): Email: info@handenigold.com
