Drill Rig Mobilized To Begin Testing Areas Within Frogpond And Hercules

TORONTO - Hercules Silver Corp. has mobilized a low-impact, track-mounted reverse circulation (RC) drill rig to the Hercules Property in western Idaho to begin testing areas within the Frogpond and Hercules Adit Zones. The program will continue until winter conditions prevent efficient drilling rates. The drill plan consists mostly of verification holes within the Frogpond and Hercules Adit Zones, as well as step-outs along the edges of the mineralized zones. The 2022 campaign will collect information on the nature of mineralization and ground conditions, in anticipation of a more advanced program anticipated to re-start in early spring. Results of the 2022 bedrock geochemical sampling, Terraspec alteration mapping, and 3D IP survey are pending and will allow for further insight into planning and target selection for the 2023 Phase II drill program.

Chris Paul, CEO and Director, said, "We are excited to be carrying out the first drill program at Hercules since the 1980s, when economic studies were underway following the completion of over 300 historical drill holes on the Property. At that time, depressed precious metals prices forced the previous operators to put small-scale open pit development plans on hold. More than 30 years later, we are re-envisioning the project at a much larger scale. We have been very busy over the past year, having completed a multi-month historical data compilation as well as six unique field programs, all of which have confirmed the presence of a significant silver system at Hercules. The Company is well positioned going forward, having completed a significant surface exploration campaign, and is fully-financed to drill test over 3.5 kilometers of prospective silver mineralization and a new copper porphyry target. Our 2022 drill program marks the beginning of an exciting period for Hercules Silver, and the rebirth of a largely forgotten silver district of Western Idaho."