Hertz Energy Inc. Options 100% Interest in High-Grade District-Scale Crag and Rod Properties in Yukon

About this update from Strategic Metals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz Energy" or the "Company") is pleased to announce that is has entered into an Option Agreement with Strategic Metals Ltd. to acquire a 100% interest in the Crag and Rod properties, together with and including the Craig silver-lead-zinc deposit (collectively, the "Project"), located in east-central Yukon. The Crag and Rod projects are situated within the Craig Belt, a prospective sub-belt of the ~175-kilometre-long Rackla Belt, a region recognized for hosting some of Yukon's highest-grade silver-lead-zinc and gold mineralization (Figure 1). The Project represents one of the most compelling high-grade polymetallic exploration opportunities in the district, situated within a regionally significant structural corridor associated with the Dawson Thrust Fault, a major crustal-scale structure interpreted to control mineralizing fluid flow. The Craig Deposit is a drill-defined silver-lead-zinc asset that remains open along strike and at depth, offering significant potential for resource expansion. Historical drilling has returned numerous high-grade intercepts, including intervals exceeding 200 g/t silver with substantial lead and zinc values. Historical diamond drilling at the Craig Deposit intersected high-grade base-metal mineralization, including (source: Strategic Metals Ltd.): In addition to base-metal mineralization, historical geochemical and mineralogical studies identified gold-bearing arsenic sulphide assemblages, with rock samples returning elevated gold values locally up to approximately 9.5 g/t Au, suggesting Carlin-style gold affinity. In addition to the Craig Deposit, the Project includes a 14-kilometre mineralized corridor hosting multiple under-explored zones such as Discovery, Trent, Azure, Nadaleen, and Scott. These zones exhibit Mississippi Valley-type (MVT) and vein-hosted base-metal mineralization, as well as Carlin-style pathfinder geochemistry, highlighting strong potential for new discoveries across the broader land package. The surrounding claims that include Crag and Rod cover approximately 31,200 hectares of highly prospective ground, providing Hertz with a large, consolidated land position in a proven and mining-friendly jurisdiction. The consolidation of the Craig Deposit ...

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