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BIG.V ·

Bald Eagle Announces Name Change to Hercules Silver Corp.

Corporate Actions

Bald Eagle Announces Name Change to

Hercules Silver Corp.

TORONTO

,

Aug. 18, 2022

/CNW/ - Hercules Silver Corp. ("

Hercules Silver

" or the "

Company

")

(TSXV: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to announce that it has completed its name

change to reflect the recent changes in the Company's business and exploration activities. As part of

this initiative, Hercules Silver has effective as of today, amended its articles in accordance with the

Business Corporations Act

(

Ontario

) to changes its name from Bald Eagle Gold Corp. to Hercules

Silver Corp. (the "

Name Change

").

The Company's common shares (the "

Common Shares

") are expected to begin trading on the TSX

Venture Exchange under the new name at the market open on or around

August 24, 2022

.

The Company will continue to trade under the same symbols on stock exchanges (TSXV: BIG)

(OTCQB: BADEF) (FWB: 6W0). The Common Shares will trade under CUSIP and ISIN numbers

42710L106 and CA42710L1067, respectively, following the Name Change.

The Name Change was fully described in the Company's management information circulate dated

June 10, 2022

, which can be accessed on the Company's SEDAR profile at

www.sedar.com

, and

was approved by shareholders of the Company and the Annual and Special Meeting of Shareholders

held

July 15, 2022

.

Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the

Hercules Silver Project, northwest of

Cambridge, Idaho

. The Company's management team brings

extensive and successful international experience with a focus on identifying and acquiring

prospective and under-explored precious metals properties worldwide. The board of directors have

an established track record of creating significant returns for investors and have demonstrated

access to capital to advance the development of assets.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed "forward-looking information"

with respect to the Company within the meaning of applicable securities laws. Such forward-looking

information involves known and unknown risks, uncertainties and other factors that may cause the

Company's actual results, performance or achievements, or developments in the industry to differ

materially from the anticipated results, performance or achievements expressed or implied by such

forward-looking information. Forward-looking information includes statements that are not historical

facts and are generally, but not always, identified by the words "expects," "plans," "anticipates,"

"believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or

conditions "will," "would," "may," "could" or "should" occur.

Although the Company believes the forward-looking information contained in this news release is

reasonable based on information available on the date hereof, by its nature, forward-looking

information involves assumptions and known and unknown risks, uncertainties and other factors

which may cause our actual results, level of activity, performance or achievements, or other future

events, to be materially different from any future results, performance or achievements expressed or

implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks

and uncertainties associated with general economic conditions; the COVID-19 pandemic; adverse

industry events; the receipt of required regulatory approvals and the timing of such approvals; that

the Company maintains good relationships with the communities in which it operates or proposes to

operate, future legislative and regulatory developments in the mining sector; the Company's ability to

access sufficient capital from internal and external sources, and/or inability to access sufficient

capital on favorable terms; mining industry and markets in

Canada

and generally; the ability of the

Company to implement its business strategies; competition; the risk that any of the assumptions

prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks

associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the

possibility that results will not be consistent with the Company's expectations, as well as other

assumptions risks and uncertainties applicable to mineral exploration and development activities and

to the Company, including as set forth in the Company's public disclosure documents filed on the

SEDAR website at

www.sedar.com

.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE

REPRESENTS THE EXPECTATIONS OF HERCULES SILVER AS OF THE DATE OF THIS

PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.

READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING

INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER

DATE. WHILE HERCULES SILVER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE

THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE

WITH APPLICABLE LAWS.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this press release.

SOURCE

Bald Eagle Gold Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2022/18/c4911.html

%SEDAR: 00045528E

For further information:

Chris Paul, CEO & Director, Telephone +1 (604) 670-5527, Email:

[email protected]

CO: Bald Eagle Gold Corp.

CNW 16:00e 18-AUG-22