Mr. Kal Malhi reports

HERTZ ENERGY ANNOUNCES CANCELLATION OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Hertz Energy Inc. has cancelled the non-brokered private placement announced in its news releases dated Sept. 15, 2026.

No securities were issued under the offering, and no subscription funds were advanced to the company. The company continues to evaluate financing alternatives and will provide further updates as warranted.

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 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 the 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 occurrence, 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.

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