Mr. Kal Malhi reports

HERTZ ENERGY APPOINTS NEW DIRECTORS

Hertz Energy Inc. has appointed Desmond Balakrishnan and Jean Lafleur to the company's board of directors.

Mr. Balakrishnan is a lawyer practicing in the areas of corporate finance and securities, mergers and acquisitions, lending, private equity, natural resource, and gaming and entertainment for McMillan LLP, where he has been a partner since 2004. He acted as counsel to companies with respect to debt, equity financings, strategic acquisitions, corporate governance, regulatory compliance, and public listings on the Canadian Securities Exchange, the TSX Venture Exchange, the Toronto Stock Exchange, the Nasdaq Stock Market and the New York Stock Exchange. Mr. Balakrishnan has been lead counsel on over $5-billion in financing transactions and in mergers and acquisitions aggregating more than $10-billion. He also serves as a director and/or officer of several resource, finance and investment issuers.

Mr. Balakrishnan graduated from Simon Fraser University with a bachelor of arts degree in 1994 and from the University of Alberta in 1997 with an LLB (with distinction). Mr. Balakrishnan was called to the bar in British Columbia in 1998. Mr. Balakrishnan is a member of the Vancouver Bar Association, the Canadian Bar Association and the International Masters of Gaming Law.

Mr. Lafleur is a professional geologist (Quebec) with 45 years of experience in Canada and internationally, including United States, Mexico, Latin America, Ireland, Spain and Africa. Earlier in his career, he worked with Newmont, Falconbridge, Dome Mines and Placer Dome, and has been a C-suite executive for a number of junior exploration companies. Mr. Lafleur has remained active as a technical, management and financing consultant with junior explorers since the early 2000s through his own geological consultancy firm, and, throughout his career, has led a number of teams in the discovery of precious and base metals, nickel, PGEs (platinum group elements), uranium, and iron deposits. His expertise includes mining company and project evaluations, audits, technical reporting, exploration program planning and execution, and research and development, with a strong focus on Quebec. Mr. Lafleur currently acts as a senior consultant, North America, for Appian Capital Advisory LLP, a mining-focused private equity firm based in London, U.K., where through his extensive professional network he sources and presents potential mining transactions in North America to the Appian team for investment opportunities.

Kal Malhi, chief executive officer of Hertz Energy, comments: "As we move to aggressively explore our Lake George antimony project and look forward to a decision by the Province of New Brunswick on the historical Lake George mine, we welcome Mr. Lafleur and his decades of mining industry experience and capital markets contacts. Mr. Balakrishnan is a highly experienced and respected junior capital markets counsel, and brings decades of experience in structuring mineral industry financings, corporate governance, capital raises and regulatory market experience. Hertz is pleased to have both gentlemen join the team at a crucial period for Hertz at Lake George antimony and our Craig silver project."

The company has granted, subject to regulatory approval, 828,467 share options to directors of the company. The options are exercisable for a period of three years from the date of grant at the price of 35 cents per share. The options are granted in accordance with the company's stock option plan.

We seek Safe Harbor.