Mr. Kal Malhi reports

HERTZ ENERGY INC. ANNOUNCES CHANGE OF DIRECTORS AND OPTION GRANT

Hertz Energy Inc. independent director Dr. Robert W. Barker has resigned and the company has appointed Jamie L. Hogue to fill the vacancy on the company's board of directors.

Mr. Barker joined Hertz as a founding board member in February of 2022. Dr. Barker has more than 45 years of experience in successful, multicommodity mining exploration, with 29 years in exploration and acquisition leadership.

"On behalf of the board and management, we would like to thank Robert for his valuable contribution as a founding director of the company and throughout his subsequent tenure. We wish him the best with his future endeavours," expressed Kal Malhi, chief executive officer of the company.

Ms. Hogue brings more than two decades of strategic leadership and financial analysis experience to drive growth and financial success. With a focus on business scaling, her expertise covers energy, natural resources, water and sustainability, Ms. Hogue's record includes developing collaborative frameworks and innovative solutions to enhance organizational resilience and achieve sustainable financial success. Ms. Hogue currently serves in executive roles in the public and private sector as well as academia. She earned her bachelor's degree in economics and master's degree in public administration from Arizona State University.

The board has granted stock options Ms. Hogue to purchase 150,000 common shares in the capital of the company pursuant to a consulting agreement between Ms. Hogue and the company. The options, which vest over a period of one year, are exercisable at an exercise price of 20 cents per share for a period of five years from the date of grant.

About Hertz Energy Inc.

Hertz Energy is a British Columbia-based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. Hertz owns 100-per-cent interest in the the Cominco uranium property located in Bathurst Inlet, Nunavut, Canada, which was last explored in the mid 1970s by Cominco and Noranda with positive early results. The company's lithium exploration projects include the Lucky Mica lithium project, the district scale AC/DC and Snake lithium projects in James Bay, Que., and the Patriota lithium project along the Eastern Brazilian pegmatite belt in Minas Gerais, Brazil. Hertz is also partnered with Penn State University to develop a patent-pending process for extracting lithium from hard rock lithium-bearing materials.

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