Hercules Silver Corp. announced widespread silver, lead, zinc and copper values from its 2022 rock chip sampling program on the Hercules Property located in western Idaho ("Hercules" or the "Property"). The Company collected over 800 rock chip samples to identify the source of previously announced soil anomalies on the Property.

The new results outlined the presence of a large mineralized system, consisting of multiple outcropping zones of silver-lead-zinc, spanning approximately 3.5 kilometers of exposed Hercules Rhyolite, as well as two distinct copper targets, the Metheny and Big Cut, hosted within Triassic aged Seven Devils Group rocks. A plan presenting the rock chip grades in silver equivalent (AgEq2, g/t), is shown in Figure 1. A silver equivalent calculation was used for compilation purposes only, to compare the combined metal value from samples taken across the Property. Investors are cautioned that the silver contribution varies significantly from sample to sample, particularly at the Metheny and Big Cut Zones, which are copper dominant targets.

It should also be noted that estimated recoveries of individual metals were not applied in the AgEq calculation. Sampling was restricted to limited exposures of outcropping bedrock and the majority of samples that were collected from the Hercules Rhyolite, where exposed, are well mineralized and show strong alteration. A series of zones mineralized with silver-lead-zinc are exposed along an approximate 3.5-kilometer strike length of rhyolite, and are open under Tertiary basalt cover to the south.

An IP geophysical survey conducted in late summer of 2022 suggests that these zones may connect at depth. The Hercules Adit and Frogpond Zones were the focus of historical drilling, where 189 of the 308 historical holes were drilled. The area was also the focus of a small-scale feasibility study completed in 1984.

Despite the best historical drilling intercepts being returned from this area, they show the lowest grades on surface, out of all the zones sampled. This supports conclusions from previous operators, that significant leaching of metal values has occurred at surface, as much stronger grades were reported in historical holes drilled within these zones. The eastern side of the Frogpond has also been covered by a landslide, consisting of barren andesitic lapilli tuff transported from the east, as indicated by the hash marks on Figure 1. This indicates that excellent subsurface grades may be discovered in areas with relatively subdued surface geochemistry.