Hertz Energy Advances Its Lake George Antimony-Tungsten Project and Summarizes Lithium Project

Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) (" Hertz Energy " or the " Company ") is pleased to announce the successful completion of a high-resolution airborne magnetic and Very Low Frequency Electromagnetic (VLF-EM) survey over its 100%-owned Lake George Antimony-Tungsten-Gold Project ("Tungmony 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 kilometers of prospective strike length.

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-kilometers over 56.66 km² at 50-metre line spacing and an approximate 23-metre mean terrain clearance. Data was acquired using dual optically pumped magnetometers and a three-component VLF-EM receiver, providing substantially higher resolution than historical regional airborne geophysics datasets.

The new airborne data is 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. This new data will also guide target generation for the Company's planned 2026 field program including prospecting and mapping, soil geochemistry, and induced polarization (IP) surveying, with up to 3,000 meters 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, CEO 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 dataset 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 Neighbor: 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 We also welcome Avenir Minerals as our neighbor with their recent selection by the New Brunswick Ministry of Mines to." 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 Mineral...