Hertz Energy Announces Close of Non-Brokered Private Placement

Vancouver, British Columbia – (Newsfile – January 16, 2026) – Hertz Energy Inc. (“Hertz” or the “Company”) (CSE: HZ; OTCQB: HZLIF; FSE: A340) is pleased to announce that, further to its news release dated December 12, 2025, it has closed a non-brokered private placement for a total of 4,200,000 units of the Company (the “Units”) at a price of $0.10 per Unit, for gross proceeds of $420,000 (the “Offering”).

Offering Details

Each Unit issued consists of:
- One (1) common share in the capital of the Company (each a “Common Share”)
- One (1) Common Share purchase warrant (a “Warrant”)
Each Warrant grants the holder the right to purchase one (1) additional Common Share of the Company (a “Warrant Share”) at a price of $0.125 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 (4) months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws.

Use of Proceeds

The gross proceeds from the Offering will be used for:

General and administrative matters
Advancement of the Company’s current Lake George Antimony Project, a strategically positioned claims package surrounding the past-producing Lake George Antimony Mine, which was 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).

U.S. Securities Notice

The securities issued pursuant to the Private Placement:

Have not, nor will they be, registered under the United States Securities Act of 1933, as amended.
May not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, in the absence of U.S. registration or an applicable exemption.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where such offer or sale would be unlawful.

About the Company

Hertz Energy is a British Columbia-based junior exploration company focused on the acquisition and exploration of mineral properties in Eastern Canada.

The Company holds a strategic portfolio of four assets, targeting:
- Lithium
- Antimony
- Tungsten
These are located in Québec and New Brunswick, recognized for being mining-friendly jurisdictions.
The portfolio supports commodities with strong demand from:
- Clean energy
- Defense
- EV supply chains
Its diversified portfolio and well-located claims packages could enhance future resource development and strategic initiatives as the Company pursues growth opportunities.

Contact Information

For further information, please contact: