Mr. Chris Paul reports

HERCULES SILVER ANNOUNCES ENGAGEMENT OF MOMENTUM INVESTOR RELATIONS

Hercules Silver Corp. as engaged Momentum IR Corp., a Toronto-based investor relations and corporate communications firm led by Nisha Hasan, to provide investor relations and advisory services.

Chris Paul, chief executive officer and director of the company, noted: "As we look to embark on our upcoming 2024 drilling campaign, engaging Momentum is the next step in the company's growth strategy to enhance our ability to communicate developments with our shareholders and the broader investment community. I'm delighted to welcome Nisha and her team aboard to ensure that we stay aligned with our shareholders and effectively communicate the progress of our upcoming drill program."

The initial term of the agreement is for a period of 12 months unless otherwise terminated earlier. As consideration for the services, the company will pay a monthly fee of $10,000 in addition to 200,000 options exercisable for a period of five years with an exercise price of 83 cents. The options will vest in four equal tranches over a period of 24 months.

Momentum does not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest. Aside from this agreement, the company does not have any relationship with Momentum. The engagement with Momentum is subject to approval of the TSX Venture Exchange.

About Hercules Silver Corp.

Hercules Silver is a junior mining company focused on the exploration and development of the 100-per-cent-owned Hercules silver project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 metres of historical drilling across 3.5 kilometres of strike. The additional discovery of a new porphyry copper system at depth in 2023 adds significant upside potential to the property. The company is well positioned for growth through the drill bit, having completed extensive surface exploration consisting of soil and rock sampling, geological mapping, and IP (induced polarization) geophysics.

The company's management team brings significant exploration experience through the discovery and development of numerous precious metal projects worldwide.

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