Mr. Kal Malhi reports

HERTZ ANNOUNCES EFFECTIVE DATE OF NAME CHANGE TO HERTZ ENERGY INC.

Further to Hertz Lithium Inc.'s news release Feb. 1, 2024, the company's name will change from Hertz Lithium to Hertz Energy Inc. effective Feb. 9, 2024. The trading symbol for the company will remain unchanged. The new Cusip for the company's common shares will be 42804X107 and the new ISIN number will be CA42804X1078. The new Cusip for the company's listed warrants will be 42804X115 and the new ISIN number will be CA42804X1151. The share capital of the company remains unchanged. Kal Malhi, chief executive officer of Hertz, states: "This is a positive step forward in our rebrand towards diversified holdings focusing on multiple energy pathways that will power the future. Adding more critical minerals to our portfolio creates greater value potential for our shareholders. We are continuing our due diligence on uranium mineral projects in various jurisdictions and look forward to providing an update in due time."

About Hertz Lithium Inc.

The company is a British Columbia-based mineral exploration company primarily engaged in the acquisition and exploration of energy mineral properties. The company's lithium exploration projects include the Lucky Mica project, which is located along the Arizona pegmatite belt in the Maricopa county of Arizona, United States, and the Patriota lithium project, located along the eastern Brazilian pegmatite province, in Brazil, and the district-scale AC/DC lithium project and Snake lithium project, both located in James Bay, Quebec. In addition, the company is advancing a patent-pending hard-rock lithium extraction technology in partnership with Penn State University.

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