Hercules Announces Shares FOR Debt Transactions

HERCULES ANNOUNCES SHARES FOR DEBT

TRANSACTIONS

Vancouver, B C – September 15, 2023 - Hercules Resources Corp. (CSE: HERC) (the “ Company” or

“Hercules”) announces that, pursuant to debt settlement agreements, the Company settled certain

debts in the aggregate amount of $ 44,000 CAD that were owing and payable to certain consultants of

the Company through the issuance of 517,647 common shares in the capital of the Company at a

deemed issue price of $0.085 per common share.

All securities issued in connection with the Debt Settlement are subject to a statutory hold period of

four months plus a day from the date of issuance in accordance with applicable securities legislation.

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 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.