Hercules Silver Corp. showcase the results of its 2023 deep-seeking 3D induced polarization ("IP"), direct current resistivity and drone magnetic geophysics over the area to be drill tested in 2024, revealing multiple prospective targets, coincident with the direction of increasing copper porphyry grades seen in the initial 2023 deep discovery holes drilled at its Hercules Property in western Idaho ("Hercules" or the "Property"). Highlights.

Soil sampling, mapping, and prospecting planned to cover extensions of newly identified geophysical targets. Preparations underway for commencement of the 2024 drill program. The Company plans to provide updates once mobilization of drill rigs begins.

Chargeability. Hercules entered the early stages of a new porphyry discovery last year with a series of initial deep drill holes testing an unexpected and poorly depth constrained 2022 chargeability anomaly. Five deep drill holes encountered strong phyllic alteration, which is typical of the margins of a porphyry system, over approximately 450m x 500m.

Dias Geophysical Inc. was brought back in 2023 to carry out a property-wide deep-seeking IP survey designed to explore the new Leviathan Porphyry at depth. The new survey expands on the initial chargeability anomaly first tested last year and reveals trends that are comparable with known porphyry copper systems. At the core of some porphyry copper systems, sulfides can form a network of interconnected stockwork veinlets with high conductivity/low resistivity. Prospecting of historical underground mine dumps at the Belmont uncovered a certain distinct rock unit with strong chalcocite mineralization, a copper mineral typical of the porphyry enrichment blanket.

Very little historical record is available of the mining activity that took place at Belmont during the 1870's -1880's, which only reported high-grade silver- lead-zinc mined from the Hercules Rhyolite. However, certain rocks found on the mine dumps at Belmont host an enriched style of porphyry copper mineralization which is not hosted in Hercules Rhyolite. The reader is cautioned that rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the Property.4 Trench assay results for the Big Cut are historical in nature and have not been verified by a Qualified Person and should not be unduly relied upon.

The Company plans on testing a shallow (1,250m elevation) chargeability anomaly at Big Cut during the 2024 drill program. The anomaly is situated at the edge of the IP survey and may plunge to the south at depth. The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike.

The discovery of the new Leviathan porphyry copper system adds significant upside to the Property. The company is well positioned for growth through the drill bit, having completed extensive surface exploration consisting of soil and rock sampling, geological mapping, IP geophysics. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "ex expects, "plans," "bel believes," "bel believes," "intends," "projects," " potential" and similar expressions, or that events or conditions "will," " may," " may," "may," " could be further further expand its search for the potential high-grade core".