Hercules Engages CorpComm Services
Hercules Resources Engages Canada-Wide Publishing
Campaign with CorpComm Services
March 15, 2024 – Hercules Resources Corp. (CSE: HERC) ("Hercules Resources", "Hercules", the
"Company") is pleased to announce it has engaged Canada -wide publishing and distribution of
communications consisting of publicly available corporate information on the Company (the "Campaign",
the "Contract") to raise public awareness throughout 2024 across the country, with the Campaign to be
managed by CorpComm Services Limited ("CorpComm Canada").
"We have a tremendous opportunity ahead and we feel it is important to ensure the broader market is
aware of our fast -growing story in 2024, particularly as we finalize significant transactions including
majority interests within one of the most productive mining districts in Ecuador," commented Mr. Michael
Smith, CEO of Hercules Resources.
Upcoming Milestones for Hercules Resources
Several key developments on the horizon and the expected increase of operational tempo upcoming has
encouraged Hercules Resources to carefully consider the benefits and conclude the necessity of this public
awareness campaign for the continued success of t he business benefit of all present and future
shareholders.
These upcoming milestones include, but are not limited to, the following:
• 204 Hectare P3 Acquisition: The pending acquisition of the majority interest in the 204 hectare
P3 Project within one of the most productive mining districts in Ecuador. For more information,
please refer to the news release dated October 4, 2023.
• NI 43-101 compliant report: Hercules plans to begin work on a NI 43-101 compliant report upon
closing of the P3 acquisition, including a focus on the property’s placer and hard rock
mineralization. For more information, please refer to the news release dated February 13, 2024.
• $5M Equity Drawdown Facility: The Company is working diligently with Crescita Capital to
complete the Definitive Agreements. For more information, please refer to the news release
dated February 13, 2024.
• 164 Hectare VMP Acquisition: The pending acquisition of the minority interest in the 164 hectare
VMP Project within Ecuador. For more information, please refer to news release dated February
26, 2024.
Terms of the Canada-Wide Campaign
Under the terms of the Contract, Hercules Resources will provide updates on publicly available corporate
information to CorpComm Canada. CorpComm Canada will then prepare preliminary drafts of
communications, which will be submitted for review and sign -off approval by the Company. Thereafter,
CorpComm Canada will distribute communications which have been approved by the Company
exclusively through newspaper(s), magazine(s), and business or financial publication(s) of general and
regular circulation for the sole purpose of raising public awarene ss of Hercules Resources (the
"Publications").
Exclusive Reporting Period
The Contract provides for exclusivity period and first rights of refusal on additional services for the
duration of the Campaign. Any additional providers must be approved by CorpComm Canada.
"We're excited to work with Hercules as we both place the utmost value on proactive compliance, and
align with our express priority of going above and beyond to bring forth the spirit of the law to all our
operations," stated Brent Couvrette, Director of CorpComm Canada. "It's this kind of focus on the
fundamentals of what makes a company —and the market in general— so great, that will help breathe
new life into our shared Canadian ecosystem."
About CorpComm Canada
CorpComm Canada is a Canadian company focused on providing value to the market by connecting issuers
and the public; delivering simplified, clear, and concise summaries of publicly available corporate
information which leverage the increasingly global and instantaneous reach of news and information in
today's world to accurately convey the underlying value and long-term vision of issuers who hold a focus
on strict compliance and, otherwise, may go unnoticed despite holding all the key qualities needed for
success. This unique value-add allows the public unrestricted access to materially-accurate information at
the forefront of information flow in today's markets.
Additional Contract Terms
Under the terms of the Contract, Hercules Resources shall provide to CorpComm Canada an initial
compensation of $50,000 CAD toward the preparation of preliminary drafts of communications to be
submitted to the Company for review and approval and, if approv ed, the distribution of such
communications exclusively through the Publications. Additionally, the Contract necessitates that all
disclaimers, compensation disclosures, forewarnings, cautionary notes, or other similar notices as
required by laws and regulations applicable to communications by the Company shall be included in such
communications with appropriate prominence. The Contract shall automatically renew for subsequent
monthly periods, each of which shall have a maximum budget limit of $400,000 CAD per month unless
further agreed by the parties. Further, in an effort to maintain standards of reasonable expenditure across
clients of CorpComm Canada, the Contract requires Hercules Resources to ensure that the total amortized
cost in any monthly period shall not exceed 20% of the Company's working capital at the beginning of that
period as calculated via a proportional budget analysis.
About Hercules Resources Corp.
Hercules Resources Corp. is a global-scale Canadian gold exploration company engaged in the acquisition,
exploration, and development of world- class projects located in highly prospective territories within
mining-friendly nations, including Ecuador and Canada. Hercules holds an option to earn a 100% interest
in the 5,476 hectare MP Copper Project located 30 km southeast of Prince George, B.C. and in the north-
central portion of the Quesnel Terrane known for hosting many copper gold porphyry mines, deposits and
exploration targets. The Company has recently entered into binding letters of intent to acquire a 51%
interest in the P3 Los Tres Mineral Concession, loc ated in the Ponce Enriquez Mining District in the
Republic of Ecuador ("P3"), and a 20% interest in the VMP Project, located in the Alluriquin Parish of the
Santo Domingo Canton in the Republic of Ecuador ( "VMP"), with Definitive Agreements actively moving
toward finalization in both transactions. Hercules Resources has further entered into a letter of intent
under which it would receive a $5,000,000 funding commitment, based on an equity draw down facility,
valid for three years following the execution of a Definitive Agreement, of which the use of proceeds shall
include, without limitation, the further exploration and sampling of P3 and VMP, including updated NI 43-
101-compliant technical reports, and new strategic additions to its portfolio of mineral exp loration
properties around the globe.
Contact Information
For corporate matters, please contact:
Michael Smith, Chief Executive Officer
E-mail: [email protected]
For investor relations inquiries, please contact:
Investor Relations Department
Hercules Resources Corp.
Phone: +1 (855) 791-GOLD/+1 (855) 791-4653
Cautionary Note Regarding Forward Looking Statements
This press contains "forward -looking information" and "forward -looking statements" under applicable
securities laws (collectively, "forward-looking statements"). These statements relate to future events or
the Company's future performance, business prospec ts or opportunities that are based on forecasts of
future results, estimates of amounts not yet determinable and assumptions of management made in light
of management's experience and perception of historical trends, current conditions and expected future
developments. Forward-looking statements include, but are not limited to, statements with respect to:
the Company’s business strategy; future planning processes; exploration activities; the timing and result
of exploration activities; capital projects and exploration activities and the possible results thereof;
acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove
to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-
looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance
upon forward -looking statements as there can be no assurance that the plans, assumptions or
expectations upon which they are placed will occur. A ll statements other than statements of historical
fact may be forward-looking statements. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often,
but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might",
"should", "believe" and similar expressions) are not statements of historical fact and may be "forward -
looking statements".
Actual results may vary from forward -looking statements. Forward -looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause actual results to materially
differ from those expressed or implied by such forward-looking statements, including but not limited to:
the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions;
actual results of exploration activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or
recovery rates; actual performance of plant, equipment or processes relative to specifications and
expectations; accidents; labour relations; relations with local communities; changes in national or local
governments; changes in applicable legislation or application thereof; delays in obtaining approvals or
financing or in the completion of development or construction activities; exchange rate fluctuations;
requirements for additional capital; government regulation; environmental risks; reclamation expenses;
outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the
Company’s other public disclosure documents, available on www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward -looking statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. The Company believes that the expectations reflected in these
forward-looking statements are reasonable, but no assurance can be given that these expectations will
prove to be correct and such forward -looking statements included herein should no t be unduly relied
upon. These statements speak only as of the date hereof. The Company does not intend, and does not
assume any obligation, to update these forward -looking statements, except as required by applicable
laws.
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.