Huakan International Mining Inc. Reports on Default of Purchasers Under the Amended and Restated Letter Agreement

Huakan International Mining Inc. (TSX VENTURE:HK) (the "Company") reports that
Gold Crown LLC and AMT Industries Canada Inc. (collectively, the "Purchasers")
have defaulted in performing their obligations under the amended and restated
letter agreement (the "Amended Agreement") between the Purchasers, Mineral
Invest International MII AB ("Mineral Invest") and the Company dated March 26,
2013 (see the News Release of the Company dated March 28, 2013). Pursuant to the
Amended Agreement, Mineral Invest agreed to guarantee the payments owed to the
Company by the Purchasers in the amount of CAD$4,850,000.


The Company is now evaluating its legal options and has sent a notice of default
to the Purchasers and Mineral Invest. Mineral Invest has contacted the Company
regarding the default.


CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING INFORMATION

Certain of the statements made and information contained herein may contain
forward-looking statements or forward-looking information within the meaning of
applicable securities laws. Forward-looking statements or information include
statements regarding the expectations and beliefs of management. Often, but not
always, forward-looking statements and forward-looking information can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or the negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking statements or
information include, but are not limited to, statements or information with
respect to known or unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements or information.


Forward-looking statements or information are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those
reflected in the forward-looking statements or information, including, without
limitation, risks and uncertainties relating to: completion of announced
transactions, history of losses; requirements for additional capital; dilution;
loss of its material properties; interest rates increase; global economy;
limited history of production; speculative nature of exploration activities;
periodic interruptions to exploration, development and mining activities;
environmental hazards and liability; industrial accidents; failure of processing
and mining equipment; labour disputes; supply problems; commodity price
fluctuations; uncertainty of production and cost estimates; the interpretation
of drill results and the estimation of mineral resources and reserves; legal and
regulatory proceedings and community actions; title matters; regulatory
restrictions; permitting and licensing; volatility of the market price of common
shares; insurance; competition; hedging activities; currency fluctuations; and
loss of key employees. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements or
information. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information. The Company disclaims any intent or
obligation to update forward-looking statements or information except as
required by law, and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory
authorities in Canada.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Huakan International Mining Inc.
Fiona Leung
Chief Financial Officer
(604) 694-2344

Huakan International Mining Inc. (TSXV:HK)
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