Mr. Michael Smith reports

HERCULES ANNOUNCES APOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

Hercules Resources Corp. has appointed Michael Smith as chief executive officer of the company, replacing Gordon Lam. Mr. Lam has resigned as CEO but remains with the company as a director. The company wishes to thank Mr. Lam for his contributions as CEO.

Mr. Smith is a seasoned director of communications with a proven record in the dynamic realm of venture development. With a rich history of impactful contributions, he possesses a unique blend of expertise in people management, research, corporate communications, angel investing and public relations. His proficiency extends beyond traditional communication roles, showcasing a strong aptitude for strategic media management and exceptional communication skills.

Furthermore, Mr. Smith brings a diverse professional background, including successful tenures in heavy excavation, site planning and layout. This multifaceted experience not only amplifies his adaptability and problem-solving abilities but also enriches his strategic perspective within the venture development landscape. In addition to his expertise in stated herein, Mr. Smith consults with exploration stage mineral companies. His strategic guidance and keen understanding of the industry significantly enhances the prospects of these exploration stage enterprises. Mr. Smith's skill set, and industry insights make him an invaluable asset, providing a distinct advantage in today's competitive venture development and mineral exploration landscape.

Mr. Smith comments: "First I would like to thank Mr. Lam for his tenure as CEO with Hercules. I hope to consult with him and wish him all the best in the future. I would also like to state, I am elated to be given the opportunity to drive the growth of our company. I hope to bring expressed value to our current and future shareholders. I look forward to sharing further updates as the company executes on future milestones."

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