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HERC.CN ·

Hercules Welcomes New Board Member

Management Changes

HERCULES WELCOMES NEW BOARD MEMBER

Vancouver BC, October 25th, 2024 - Hercules Resources Corp., ( CSE: HERC) (“Hercules” or the

“Company”), is pleased to announce the appointment of Jason Robert Hawkins to its Board of

Directors. Mr. Hawkins will act as an independent Director.

Mr. Hawkins has 25+ years of capital markets experience in both investment and merchant

banking. Mr. Hawkins began his career as a technology and telecom investment banker before

starting his own EMD. Over the course of his career Mr. Hawkins has raised se ed to late-stage

financing for companies in the mining, oil and gas, technology and healthcare sectors. Mr.

Hawkins has financed numerous companies in the mining and oil and gas sectors with a focus on

technologies and companies that leverage off the transition to “green” energy. Amongst his

recent non-mining related ventures Mr. Hawkins co -founded and financed iUvo Therapeutics, a

fully licensed GMP/GDP pharmaceutical importer and manufacturer headquartered in Germany

and sits on the Board of Directors of InStatin Inc. a biopharma company specializing in novel

inhaled therapies for the treatment of lung disease. Mr. Hawkins holds a B.Com (Honours) from

Queen’s University.

Hercules welcomes Mr. Hawkins to the Board and looks forward to a long and supportive tenure.

About Hercules:

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

development of high potential mineral assets with the aim to develop concessions into

production.

The company is dedicated to delivering value to its stakeholders through innovation, operational

excellence, and sustainable practices. For more information, visit

www.herculesresourcescorp.com.

Michael Smith, President, and Chief Executive Officer

[email protected]

(855) 791-GOLD (4653)

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 s ubject to significant risks and uncertainties. Because of these risks and

uncertainties and because 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 because 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.