Mr. Kal Malhi reports

HERTZ ENERGY ADVANCES ITS LAKE GEORGE ANTIMONY-TUNGSTEN PROJECT AND SUMMARIZES LITHIUM PROJECT

Hertz Energy Inc. has completed a high-resolution airborne magnetic and very low frequency electromagnetic survey over its 100-per-cent-owned Lake George antimony-tungsten-gold project in New Brunswick, Canada. The Tungmony project comprises five mineral claims (4,392.4 hectares) surrounding the past-producing Lake George antimony mine on three sides over approximately 13 kilometres of prospective strike length.

Highlights:

• The high-resolution airborne magnetic and VLF-EM survey covered the company's Tungmony project and the adjoining historic Lake George antimony mine in New Brunswick.
• The survey was flown by Novatem Airborne Geophysics from June 21 to June 25, 2026, comprising 1,194 line kilometres over 56.66 square kilometres at 50-metre line spacing and an approximately 23-metre mean terrain clearance.
• Data were acquired using dual optically pumped magnetometers and a three-component VLF-EM receiver, providing substantially higher resolution than historical regional airborne geophysics data sets.
• The new airborne data are expected to greatly improve geological interpretation by identifying major structures, fault systems, buried intrusive bodies and other geological features that may control antimony, tungsten and gold mineralization at Lake George.
• These new data will also guide target generation for the company's planned 2026 field program including prospecting and mapping, soil geochemistry, and induced polarization surveying, with up to 3,000 metres of diamond drilling planned contingent on the results of the field program.
• The historic Lake George mine was North America's largest primary antimony producer, operating intermittently between 1876 and 1996. Antimony is designated a critical mineral in both Canada and the United States.

Kal Malhi, chief executive officer of Hertz Energy, commented: "The completion of this high-resolution airborne magnetic and VLF-EM survey represents an important milestone in advancing our Tungmony project. We have assembled one of the largest strategic land positions surrounding the historic Lake George antimony mine, and this new geophysical data set provides the technical foundation needed to systematically evaluate the property's considerable exploration potential.

"The survey significantly enhances our understanding of the project's structural framework, and will play a critical role in identifying and prioritizing drilling targets. Combined with our ownership of the Lake George mine historical database, which we acquired, the upcoming prospecting, mapping and soil geochemistry programs, we believe this work positions us to unlock the broader potential of a district that has seen surprisingly little modern exploration despite its history as North America's largest primary antimony producer.

"With antimony recognized as a critical mineral and global supply remaining constrained, we believe Lake George is uniquely positioned to benefit from increasing demand for secure North American sources. We are excited to continue advancing the project through our 2026 exploration program and look forward to updating shareholders as results become available."

Welcome Avenir Minerals as Lake George mine neighbour

Avenir Minerals, a subsidiary of Agnico Eagle Mines, was selected by the New Brunswick government to explore and potentially restart the historic Lake George antimony mine. Located about 30 kilometres southwest of Fredericton, it was once the largest primary antimony mine in North America. The company also welcomes Avenir Minerals as its neighbour with its recent selection by the New Brunswick Ministry of Mines.

The provincial government has selected Avenir Minerals to negotiate an exclusive exploration agreement for the former Lake George antimony mine site. This agreement follows the launch of New Brunswick's comprehensive minerals strategy, which aims to revitalize the province's mineral sector and bolster domestic production of critical minerals.

The company was chosen after a call for expressions of interest was issued this spring.

Hertz Energy looks forward to co-operating with Avenir in future collaboration on exploration and development at the Lake George region.

High-resolution airborne magnetic and VLF-EM survey details

The airborne survey was completed by Novatem Airborne Geophysics between June 21 and June 25, 2026. The program covered a total area of 56.66 square kilometres and consisted of 1,194 line kilometres flown on 50-metre line spacing with 500-metre control lines. The helicopter flew at a median terrain clearance of approximately 23 metres, providing substantially detailed magnetic and electromagnetic data.

The survey employed dual optically pumped magnetic sensors operating at 1,000 measurements per second together with a VLF-EM receiver measuring three orthogonal magnetic field components. This modern survey provides substantially higher resolution than historical regional data sets and will allow the company to better define geological contacts, fault systems, structural breaks and intrusive bodies that may host antimony, tungsten and gold mineralization.

The survey also provides a detailed geophysical framework across both the historic Lake George mine and Hertz Energy's surrounding land package, highlighting several magnetic and structural features that extend onto the company's claims and warrant additional exploration.

Summer 2026 field exploration program:

• Prospecting and mapping program will focus on known outcrop areas, as well as potentially favourable outcrop areas based on topographic and lidar surveys. This fieldwork will include geological mapping, rock geochemistry and a structural study.
• A soil geochemistry survey will evaluate the potential for blind antimony-tungsten mineralization by using dispersion of geochemical signals in surficial materials. The final sample selection sites will be based on local Quaternary geology, satellite images and lidar images.
• If quality exploration targets are developed from this preliminary work, the company envisions undertaking a program of ground induced polarization surveying to firm up drill targets. Positive results would be potentially followed by up to 3,000 metres of diamond drilling later in the year.

The company's systematic exploration approach of combining geophysics, geochemistry and drilling is designed to advance the project from target generation through discovery toward potential resource delineation and future development. The consolidated land position captures structural features interpreted to continue from the historic Lake George mine, including a northeast-trending fault, within what is understood to be a broader intrusion-related hydrothermal system hosting antimony, gold, tungsten and molybdenum mineralization across the district. The company believes these factors point to potential for the mineralized system to extend onto its claims although this remains to be tested through exploration.

Lake George Tungmony project details

The Tungmony project comprises a strategic, large-scale land package that surrounds the historic Lake George antimony mine. By consolidating this significant land position, Hertz Energy has secured extensive exposure to the same favourable geological setting, structural controls and host rocks that supported North America's largest primary antimony producer.

The historic Lake George antimony mine, located approximately 38 kilometres southwest of Fredericton, N.B., was North America's largest primary antimony producer, operating intermittently between 1876 and 1996.

Hertz Energy holds a total of five mineral claims comprising 577 claim cells and covering 4,392.4 hectares that surround the historic Lake George mine on three sides (Tungmony project). The claims were initially staked in September, 2024, and April, 2025, to secure prospective ground covering the contact between the Silurian Kingsclear group metasedimentary rocks and the Devonian intrusive rocks of the Pokiok plutonic suite, the same geological setting that hosts the historic antimony mineralization.

The company's land package now covers approximately 13 kilometres of favourable strike length with multiple interpreted crosscutting structures considered prospective for antimony, tungsten and gold mineralization. Much of the property has seen little historical exploration despite favourable geology. While local outcrop provides excellent prospecting opportunities, large portions of the property are covered by thin glacial and lacustrine sediments that may conceal mineralization beneath shallow overburden.

The completion of this high-resolution airborne survey marks an important step in advancing the company's systematic exploration strategy. The new geophysical data will guide coming field programs designed to identify and prioritize high-quality exploration targets across the property.

Hertz Energy's 100-per-cent-owned Agastya lithium property, James Bay, Quebec

The Agastya lithium project in Quebec is located in a region for lithium deposits -- only 26 kilometres southeast of the Corvette lithium project owned by Patriot Battery Metals and adjacent to Li-FT Power's recently consolidated Adina and Galine projects.

Agastya spans 209 mineral claims, approximately 10,650 hectares, across three non-contiguous blocks within the James Bay greenstone belt -- home to adjacent LCT-pegmatite lithium projects like Adina, Trieste and Galinee.

Positioned along the same structural belt as major lithium discoveries including Adina by Winsome Resources and Galinee by Azimut Exploration (since consolidated by Li-FT Power), Agastya offers substantial greenfield potential.

Li-FT Power has agreed to combine with Winsome Resources and acquire majority interest in the Galinee property to unlock value at the Tier 1 Adina project. This consolidation creates a district-scale lithium project immediately adjacent to Hertz Energy's Agastya claims -- positioning Agastya at the heart of one of Canada's most significant emerging lithium districts.

The Agastya property claims fall within a strongly anomalous lake bottom sediment trend, indicating potential for LCT pegmatite mineralization within the property.

Qualified person statement and cautionary statements

This news release contains scientific and technical information with respect to adjacent or other properties to the company's Lake George and Agastya projects, which the company currently has no interest in or rights to explore. Readers are cautioned that information regarding the geology, mineralization and historical production on adjacent or other properties is not necessarily indicative of the mineralization potential on the company's properties.

All scientific and technical information in this news release relating to the Lake George project has been prepared and approved by Paul Teniere, PGeo, technical adviser to the company, considered a qualified person for the purposes of National Instrument 43-101.

All scientific and technical information in this news release relating to the Agastya project has been prepared and approved by Louis Martin, PGeo, technical adviser to the company, considered a qualified person for the purposes of NI 43-101.

About Hertz Energy Inc.

The company is a British Columbia-based junior exploration company primarily engaged in the acquisition and exploration of energy metal mineral properties. The company is focused on advancing its Lake George antimony-tungsten-gold project (the Tungmony project), in New Brunswick, a strategically positioned claim package surrounding the past-producing Lake George antimony mine. Hertz Energy's 100-per-cent-owned Harriman antimony project in the Gaspe region of Quebec and Agastya lithium project in James Bay, Quebec, are part of the company's growing property portfolio. The company is also focused on advancing the Crag and Rod properties, together with and including the Craig silver-lead-zinc deposit, located in east-central Yukon, situated within the Craig belt, a prospective subbelt of the approximately 175-kilometre-long Rackla belt, a region recognized for hosting some of Yukon's highest-grade silver-lead-zinc and gold mineralization.

About antimony in short supply

In August, 2024, China announced antimony export restrictions, which took effect on Sept. 15, 2024 (source: Reuters, Aug. 28, 2024) and have had significant implications for the global antimony supply chain. China's announcement of antimony export restrictions has added fuel to a red-hot market and opens another potential flashpoint with the West for control of critical minerals. Antimony is a little-known metal with multiple applications. Antimony's largest end use is as a flame retardant, but it is also found in solar panels and batteries. The U.S. Department of the Interior has designated it a critical mineral because it is also essential for armour-piercing ammunition, infrared sensors and precision optics.

As of early July, 2026, antimony pricing is around $52,000 (U.S.) per tonne after peaking near $59,750 (U.S.) per tonne in mid-2025 in part because of shrinking exports from major producers and a global deficit of the metal. China's exports are in medium-term decline due to higher demand from its solar energy sector while Russian supply has been crimped by falling output and Western sanctions. The flow from other big producing nations such as Vietnam, Tajikistan and Myanmar has been disrupted by the rerouting of shipments from the Red Sea due to Houthi attacks on shipping.

Analysts estimate the market was already looking at a 10,000-ton shortfall before China's export restrictions. These new controls are not targeted at any specific country, but Chinese authorities can refuse licences to export to individual end-user companies or countries as they see fit.

We seek Safe Harbor.