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HZ.CN ·

Hertz Energy Completes Share Consolidation

Corporate Actions

LEGAL_45525117.2

HERTZ ENERGY INC.

1500-1055 West Georgia Street

Vancouver, BC V6E 4N7

HERTZ ENERGY COMPLETES SHARE CONSOLIDATION

VANCOUVER, December 11, 202 4 – TheNewswire - Hertz Energy Inc. (the “ Company”)

(CSE: HZ; OTCQB: HZLIF; FSE: QE2) is pleased to announce that, further to its news release

dated November 27, 2024, it has completed the consolidation of its common shares on a four (4)

to one (1) basis (the “Consolidation”).

Registered holders can contact the Company’s transfer agent, Odyssey Trust Company , via the

contact information below to request their new, post -Consolidation Direct Registry System

(“DRS”) statements showing the adjustment to their position.

Contact information for DRS:

Direct Dial (all regions): 1-587-885-0960

US & Canada (toll-free): 1-888-290-1175

Email: [email protected]

Registered shareholders whose email addresses are on file will have their new, post-Consolidation

DRS statements emailed to them.

About the Company

The Company is a British Columbia-based mineral exploration company primarily engaged in the

acquisition and exploration of mineral properties. The Company ’s lithium exploration projects

include the Lucky Mica Project, which is located along the Arizona Pegmatite Belt in the Maricopa

County of Arizona, USA and the Patriota Lithium Project, located along the Eastern Brazilian

Pegmatite Province, in Brazil and the district scale AC/DC Lithium Project and Snake Lithium

Project, both located in James Bay, Quebec.

For further information, please contact Mr. Kal Malhi or view the Company’s filings at

www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi

Chief Executive Officer and

Director

Phone: 604-805-4602

- 2 -

LEGAL_45525117.2

Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts

responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward -looking information” . Often, but not always, forward -

looking statements can be identified by the use of words such as “plans”, “expects”, “is

expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or

“believes” or variations (including negative variations) of such words and phrases, or state that

certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or

be achieved. A variety of factors, including known and unknown risks, many of which are beyond

our control, could cause actual results to differ materially from the forward -looking information

in this news release. Additional risk factors can also be found in the Company’s public filings

under the Company’s SEDAR + profile at www.sedar plus.ca. Forward -looking statements

contained herein are made as of the date of this news release and the Company disclaims any

obligation to update any forward -looking statements, whether as a result of new information,

future events or results or otherwise. There can be no assurance that forward -looking statements

will prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. The Company undertakes no obligation to update forward-looking

statements if circumstances, management’s estimates or opinions should change, except as

required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance

on forward-looking statements.