Mr. Kal Malhi reports

HERTZ LITHIUM INC. ANNOUNCES AGREEMENT TO ACQUIRE CANUCK LITHIUM CORP.

Hertz Lithium Inc. has entered into a share exchange agreement among the company, Canuck Lithium Corp. and the shareholders of Canuck, pursuant to which the company will acquire 100 per cent of the issued and outstanding common shares in the capital of Canuck.

About Canuck

Canuck owns 100% of the ACDC Project, located in the emerging world class hard rock lithium district in James Bay, Quebec, Canada. There are approximately 135 historical references to pegmatite outcrops that have never been evaluated or sampled for their lithium potential on the Property according to the Quebec Government's SIGEOM Database.

Canuck is a Quebec-based mineral exploration company primarily engaged in the acquisition an exploration of mineral properties. Canuck's flagship lithium exploration project is known as the AC/DC Project encompassing 516 contiguous mineral claims spanning 265 square kilometers, located contiguous to Rio Tinto's optioned Kaanaayaa Lithium Project as well as 26 km southeast of the Corvette Lithium Project owned by Patriot Battery Metals and 60 km west of Winsome Resources' Adina Lithium property (Figure 2).

Work Completed on AC/DC Project in 2023:

Canuck recently completed remote sensing satellite studies using hyperspectral, and synthetic aperture radar (SAR) data over the AC/DC Project. Through machine learning and deep sensor algorithms are applied to the 10m resolution hyperspectral and ground penetrating satellite data sets. This propriety mathematical algorithms are designed to detect lithium-bearing pegmatites, using a hyperspectral signatures (finger printing) method and has highlighted twelve (12) new high priority lithium targets on the AC/DC Project which are subjected to ground truth verification.

Ranked targets (Figure 5) are based on hyperspectral signatures, lithium mineralogy target areas, linear to sub-linear dyke-like feature count, proximity to Vieux Comptoir Intrusive rocks, and proximity to Greenstone host lithologies to provide an overall factored score and ranking. Additional follow-up targeting and ground truth fieldwork studies to include qualitative assessment of individual target areas identified as dyke-like structures for further demarcating extent of individual targets and develop field exploration activities.

Based on the results of the remote sensing data analysis and deep sensor radar algorithms identified twelve (12) anomalous target areas and numerous smaller secondary sets of targets.

Strike length of several major targets areas ranges from 1 to 15 km in length and 100 to 1,000 m in width and are generally oriented in a northeasterly-trending direction.

Hertz Lithium Exploration Plans: Engaged Dahrouge Geological Consulting Ltd.

Following the completion of the Proposed Transaction, the Company intends to engage Dahrouge Geological Consulting Ltd. to follow up on refining priority targets through ground truth investigations along with an aerial Light Detection and Ranging (LiDAR) Survey (the "Survey") and high-resolution ortho imagery for an enhanced understanding of the AC/DC Project's lithology and further confirmation of the priority targets prior to undertaking ground exploration programs. The Survey is designed to produce a sub-metric scale topographic model of the ground surface and high-resolution imagery with less than 20 cm pixel resolution. Pegmatite structures occur as elongated bodies, often relatively more resistant to erosion than their surrounding wall-rock and can form subtle elongated ridge like features. These discrete topographic highs and other geological features of interest can be identified through analysis of the high-resolution remote sensing datasets even in areas of thick vegetation.

Phase 2 will focus on fieldwork on areas in the southwest, central, and northern portions of the AC/DC Project underlain by the greenstone belts of the Rouget and Corvette formations. Based on occurrence of the amphibolite units derived from metavolcanic rocks covering these target areas and as a regional phenomenon the lithium-bearing pegmatite dykes in the area of James Bay that are typically found in or at contact zones with metavolcanic or metasediment units.

As confirmed by the remote sensing investigations, as described above, the northern portion of the AC/DC Project underlain by the Rouget Formation provided the most likely occurrence of prospective pegmatite outcrops. However, these proprietary satellite algorithm results are to be verified through ground truth investigations. The surface exploration program would include outcrop mapping, focusing on pegmatite identification, description, prospecting, and rock sampling, as well as detailed channel sampling of any lithium pegmatites identified.

Transaction Details

Pursuant to the terms of the Definitive Agreement, as consideration for the acquisition of 100% of the issued and outstanding common shares of Canuck the Company will issue an aggregate of 23,150,001 common shares in the capital of the Company (the "Consideration Shares") pro rata to the Canuck Shareholders.

Kal Malhi, CEO, states, "With this acquisition of a 100% interest in the district scale ACDC project in the center of a world class hard rock lithium district known as James Bay in Quebec, Canada, Hertz now holds three prospective lithium projects in North and South America. These projects include: the Lucky Mica Project in Arizona, the Patriota Lithium Project in Brazil, and the ACDC Lithium Project. With the addition of our very exciting patent-pending lithium extraction technology being developed in partnership with Penn State University, we believe this truly makes Hertz a diversified investment opportunity within the lithium supply chain."

We seek Safe Harbor.

Erika Flores condensed this news release (erikaf@stockwatch.com).