Mr. Chris Paul reports

HERCULES METALS ANNOUNCES C$15 MILLION FINANCING

Hercules Metals Corp. has entered into an agreement with Canaccord Genuity Corp. and BMO Capital Markets as co-lead agents and co-lead bookrunners, and on behalf of a syndicate of agents to be named, pursuant to which the agents will offer for sale up to 21.43 million common shares in the capital of the company at a price of 70 cents per share, on a brokered private placement best efforts agency basis, for aggregate gross proceeds to the company of up to $15,001,000. The company has also granted the agents an option exercisable at any time up to the closing of the offering, to offer for sale up to an additional 3,214,500 shares at the offering price, for additional gross proceeds of up to $2,250,150.

The shares will be offered for sale by way of private placement pursuant to the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 -- Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption in each of the provinces of Canada (other than the province of Quebec), and in the United States pursuant to exemptions from the registration requirements of the U.S. Securities Act, and in those other jurisdictions outside of Canada and the United States provided that no prospectus, registration statement or similar document is required to be filed, or no continuing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The shares issued under the listed issuer financing exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

The company intends to use the net proceeds of the offering for exploration and development of its 100-per-cent-owned Hercules property in Western Idaho, and for general working capital purposes.

The offering is scheduled to close on or about Aug. 14, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

There is an offering document relating to the offering and the use by the company of the listed issuer financing exemption that can be accessed under the company's profile at SEDAR+ and at the Hercules website. prospective investors should read this offering document before making an investment decision.

About Hercules Metals Corp.

Hercules Metals is an exploration company focused on developing America's newest porphyry copper district in Idaho.

The 100-per-cent-owned Hercules property located northwest of Cambridge, hosts the newly discovered Leviathan porphyry copper system, one of the most important new discoveries in the region to date. The company is well positioned for growth through continued drilling, supported by a strategic investment from Barrick Mining Corp.

With the potential for significant scale, the company's management and board of directors aims to build on its proven record which includes the discovery and development of numerous precious metals projects worldwide.

We seek Safe Harbor.