File: '\\swfile\EmailIn\20261104 210731 Attachment final_2026-10-30 HERC - CFO transition.docx'

Hercules Announces Leadership Transition

VANCOUVER, BC - November 4, 2026, - Hercules Resources Corp ("Hercules" or the "Company") (CSE: HERC) is pleased to announce that Tammy Gillis has been appointed Chief Financial Officer, effective October 30, 2026.

Ms. Gillis is a CPA with over 25 years' experience in the public markets bringing comprehensive background in finance, reporting and regulatory requirements for junior exploration, manufacturing, biotechnology, and technology industries. Ms. Gillis has been part of teams that have completed several financings, grant applications and acquisition transactions. Ms. Gillis started her career working at a corporate and securities law firm. Ms. Gillis previously served as Corporate Accountant for an international manufacturing company that had revenue in excess of $120 million and as Chief Financial Officer for a technology company with patented cathode materials used in lithium-ion batteries that successfully built a pilot plant with the assistant of over $4 million in government grants. Ms. Gillis has served as an officer for several TSX-V and CSE listed issuers. Ms. Gillis replaces Tyler Friesen as Chief Financial Officer.

"We are thrilled to welcome Tammy to the executive team," said Mike Smith, Chief Executive Officer of Hercules. "Tammy's expertise in financial strategy and reporting will be invaluable as we enter our next phase of growth."

"On behalf of the entire team and the Board of Directors, I want to thank Tyler for his leadership and dedication and wish him luck in his future endeavors," continued Mr. Smith.

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

CEO@herculesresourcescorp.com

(855) 791-GOLD (4653)

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements in this news release include statements with respect to the Consolidation and the anticipated effective date of the same. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.