Mr. Kal Malhi reports

HERTZ ENERGY ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release dated Dec. 12, 2025, Hertz Energy Inc. has closed a non-brokered private placement for a total of 4.2 million units of the company at a price of 10 cents per unit for gross proceeds of $420,000. Each unit issued consists of one common share in the capital of the company and one common share purchase warrant, granting the holder the right to purchase one additional common share of the company at a price of 12.5 cents at any time on or before 36 months from the closing date. The securities offered under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing of the offering in accordance with applicable Canadian securities laws.

The gross proceeds from the offering will be used for general and administrative matters and to advance the company's current Lake George antimony project, a strategically positioned claim package surrounding the past-producing Lake George antimony mine, once the largest primary antimony producer in North America, operating intermittently from 1876 to 1996 (government of New Brunswick, mineral commodity profile No. 12, 2018).

About Hertz Energy Inc.

Hertz Energy is a British Columbia-based junior exploration company focused on the acquisition and exploration of mineral properties in Eastern Canada. With a strategic portfolio of four assets, the company is well positioned with district-scale critical mineral projects targeting lithium, antimony and tungsten mineralization in the mining-friendly jurisdictions of Quebec and New Brunswick, centred on commodities with strong demand from clean energy, defence and electric vehicle supply chains. Its diversified portfolio and well-located claim packages could enhance future resource development and strategic initiatives as the company pursues growth opportunities.