British head coach Hand named a 32-strong preliminary squad earlier this month and has now trimmed that by ten ahead of their trip to the tournament in Riga, which begins on February 7.
Britain will play a warm-up game against an Import Select side on February 5 before flying to Latvia where they will face the hosts, who ranked 11th in the world, as well as France and Kazakhstan.
Only the winner of the four-team tournament will qualify for Sochi 2014 with Britain looking to end an Olympic drought in the sport spanning 66 years to St Moritz 1948.
Britain are the lowest ranked team in 21st in the world with France 14th and Kazakhstan 17th and qualified after winning the Olympic pre-qualifying tournament in Japan in November.
And Hand fully believes in the squad he is taking to Latvia. He said: "I believe this is a very competitive squad and one of the most talented GB squads I have ever known.
"We are going to Latvia as the underdogs and I am sure most people in the ice hockey world don't expect us to qualify.
"But this is the most close-knit squad I have worked with and they believe in their own abilities. There is no doubting that it is going to be tough but we are going out there and will do Great Britain proud.
"As with the trip to Japan for the pre-qualifiers, some quality players have been left out. But many of them are among the reserves and we can call upon them if need be.
"Stephen Murphy picked up an injury playing for Belfast but he is on the mend and we are very hopeful he will be fit.
"If he does not prove his fitness, there are two capable netminders on the reserve list to choose from."
Great Britain squad:
Netminders: Ben Bowns, Stephen Murphy
Defencemen: Danny Meyers, Ben O’Connor, Dave Phillips, Mark Richardson, Rod Sarich, Mark Thomas, Jonathan Weaver
Forwards: David Clarke, Robert Dowd, Robert Farmer, Mark Garside, Jason Hewitt, Phil Hill, Robert Lachowicz, Matthew Myers, Greg Owen, Craig Peacock, Jonathan Phillips, Colin Shields, Ashley Tait