HK Huakan International Mining Inc.

Huakan International Mining Inc. (TSX VENTURE:HK) (the "Company") reports that
the Company has received $530,000 from Gold Crown LLC and its wholly owned
subsidiary, AMT Industries Canada Inc. (collectively, the "Purchasers") relating
to the acquisition of the Company's NSR (as defined below) pursuant to the
letter agreement entered into by the Company and the Purchasers on August 7,
2012, as amended (the "Letter Agreement") (please see the news releases of the
Company dated August 8, 2012 and November 6, 2012).


The $530,000 payment from the Purchasers consists of:



1.  $500,000 representing the initial payment for acquisition of the
    Company's net smelter returns royalty on the Greenwood Gold Project (the
    "NSR"); and

2.  $30,000 representing past extension fees. 



In addition to the $530,000 received, the Company expects the Purchasers to do
the following prior to 5 p.m. (Pacific Standard Time) on February 4, 2013: 




1.  pay an amount to the Company sufficient to replace the Company's
    reclamation bond on the Greenwood Gold Project which amount the Company
    shall pay to the Government of British Columbia in order to release the
    Company's security (currently approximately $450,000) that had been
    posted by the Company;

2.  cooperate with the Company to execute and deliver a safekeeping
    agreement with the Government of British Columbia; and

3.  pay to the Company the amount of $4,000,000 which represents the balance
    of the purchase price for acquisition of the NSR. 



To formalize the above, the Company has proposed a third amending agreement to
the Letter Agreement. 


Following the delivery of all the above items and payments, the parties have
agreed to cooperate in order to transfer the mining permits in respect of the
Greenwood Gold Project from the Company to the Purchasers and the Company shall
terminate the NSR.


All other terms and conditions of the Letter Agreement remain unchanged. All
dollar amounts described herein are in Canadian funds. 


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. Such forward-looking statements or forward-looking
information include, but are not limited to, statements concerning the sale of
the Greenwood Gold Project assets. 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


TMX Equicom
Joe Racanelli
(416) 815-0700 ext. 243

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