Hertz Energy Inc. Announces LIFE and Flow-Through Offering for Gross Proceeds up to $5,000,000

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz Energy", the "Company" or the "Issuer") is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company (the "Units") at a price of $0.40 per Unit for gross proceeds of up to $2,000,000 (the "LIFE Offering") pursuant to the Listed Issuer Financing ("LIFE") exemption available under Part 5A of National Instrument 45-106 - Prospectus Exemptions. Each Unit will consist of one (1) common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share (a "Warrant Share") at a price of $0.60 per Warrant Share for a period of 24 months from the date of issuance.

The gross proceeds from the LIFE Offering will be used for exploration work to be conducted at the Company's recently announced Crag and Rod properties, together with and including the Craig silver-lead-zinc deposit (the "Craig Silver Project"), located in east-central Yukon, and the Company's other exploration projects including the Lake George Antimony—Tungsten-Gold Project ("Tungmony") in New Brunswick, in addition to working capital purposes. The recently announced option agreement to acquire 100% interest in the Crag and Rod projects, situated within a prospective sub-belt of the ~175-kilometre-long Rackla Belt, a region recognized for hosting some of Yukon's highest-grade silver-lead-zinc and gold mineralization, was a significant development milestone for Hertz, positioning it at the forefront of Canadian silver exploration. The Craig Deposit is a drill-defined silver-lead-zinc asset that remains open along strike and at depth, offering significant potential for resource expansion. The Crag-Rod Project will be a core focus of the Company's exploration initiatives into 2026, and represents a consolidated and contiguous property that includes a 14-kilometre mineralized corridor hosting multiple under-explored zones such as Discovery, Trent, Azure, Nadaleen, and Scott. Historical drilling has returned numerous high-grade intercepts, including intervals exceeding 200 g/t silver with substantial lead and zinc values (refer to the Company's press release dated January 28, 2026).