Hercules Commences Exploration Program

HERCULES COMMENCES 2023 EXPLORATION

PROGRAM WITH DRILLING AT MP COPPER

Vancouver, BC – February 21, 2023 - Hercules Resources Corp. (CSE: HERC) (the “ Company” or

“Hercules”) is pleased to an nounce that it has begun its 2023 exploration program on the MP Copper

property (the ‘Property’), located 30 km southeast of Prince George, British Columbia. The Property is

located in the Quesnel Terrane that hosts ma ny large copper deposits including Mount Milligan, Mount

Polley and Copper Mountain. The program will include the first ever drilling on the Property.

Gordon L am, President and CEO, commented, “With the past two years of exploration on our MP

Copper property and strong historical data , we are pleased to hit the gr ound running after our re cent

IPO with a drill program desi gned to test our large geophysical targets backed by strong geochemical

results. MP Copper has never been drilled before and we are excited to be the first ones to do so on this

prospective Property.”

About Hercules Resources Corp.

Hercules is a Canadian exploration company engaged in the acquisition, exploration and development of

mineral properties. Hercules holds an option to earn a 100% interest in the 5 ,476 hectare MP Copper

Project located 30 km southe ast of Prince Ge orge, B.C. and in the north -central portion of the Quesnel

Terrane known for hosting many copper gold porphyry mines, deposits and exploration targets.

On behalf of the Board of Directors

Gordon Lam

President and Chief Executive Officer

Email: [email protected]

Telephone: (604) 616-8816

The information in this news release includes certain information and statements about management's view

of future events, expectations, plans and prospects that constitute forward looking statements. These

statements are based upon assumptions that are subject to significant risks and uncertainties. Because of

these risks and uncertainties and as a result of a variety of factors, the actual results, expectations,

achievements or performance may differ materially from those anticipated and indicated by these forward

looking statements. Forward-looking statements in this news release include, but are not limited to, the

Company’s proposed use of the proceeds of its initial public offering. Any number of factors could cause actual

results to differ materially from these forward-looking statements as well as future results. Although the

Company believes that the expectations reflected in forward looking statements are reasonable, it can give no

assurances that the expectations of any forward looking statements will prove to be correct. Except as

required by law, the Company disclaims any intention and assumes no obligation to update or revise any

forward looking statements to reflect actual results, whether as a result of new information, future events,

changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this

release.