Hercules Metals closes C$4.5 million private placement

Toronto, Ontario--(Newsfile Corp. - August 31, 2026) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) (" Hercules " or the " Company ") is pleased to announce that, further to its news release dated August 5, 2026, it has closed its previously announced non-brokered private placement of 7,258,066 common shares (each, a " Common Share ") of the Company at a price of C$0.62 per Common Share for aggregate gross proceeds of C$4,500,000.92 (the " Offering "). The Common Shares issued under the Offering were purchased by the former members of the Arizona Sonoran Copper Company Inc. team who are joining the Hercules team.

Hercules intends to use the net proceeds of the Offering to support continued drilling and expansion of the Leviathan porphyry copper system, exploration of additional porphyry targets, geological and resource modelling, and general working capital and corporate purposes.

The Common Shares issued under the Offering will be subject to a statutory hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance. The Offering is subject to final acceptance of the TSX Venture Exchange.

The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.

About Hercules Metals:

Hercules Metals Corp. is a U.S.-focused mineral exploration company advancing the 100%-owned Hercules Project in the heart of America's newest porphyry copper district, in western Idaho.

The Hercules Project hosts the newly discovered Leviathan porphyry copper system, one of the most important new discoveries in the country to date. Leviathan is a large and growing porphyry copper system discovered by Hercules in 2023. The initial discovery hole intersected 185 metres grading 0.84% copper, 111 ppm molybdenum and 2.6 g/t silver, including 45 metres grading 1.94% copper.

Subsequent drilling has demonstrated mineralization as shallow as 72 metres depth in the eastern portion of the deposit, with a mineralized envelope that remains open in multiple directions.

The Hercules Project forms part of a 73-kilometre copper belt across which the Company controls more than 100,000 acres of prospective mineral rights. Hercules is conducting systematic definition drilling at Leviathan and exploration drilling to identify additional porphyry centres.

Hercules' shares trade on the TSX Venture Exchange under the symbol "BIG," on the OTCQB under the symbol "BADEF" and in Frankfurt under the symbol "C0X."