Hercules Silver Corp. provide an update on its Phase III drill program at its Hercules Property in western Idaho ("Hercules" or the "Property"). Geological Update: Drilling has encountered variable porphyry alteration and mineralization with assays expected by mid summer.

An inferred northeast-southwest fault appears to offset mineralization northwest of the 2023 drilling, with holes HER-24-02 and HER-24-03 intersecting distal phyllic alteration with strong pyrite "D" veins. Long intervals of pyrophyllite and dickite alteration were detected by portable spectrometer readings, representing advanced argillic alteration typical of the shallowest part of a porphyry system, sometimes referred to as "lithocap". This suggests either downward or lateral movement northwest of the fault, and preservation of the offset high-grade mineralization.

Subsequent holes were drilled south along a geophysically prospective corridor toward the Belmont Zone. Holes HER-24-05 and HER-24-06 are still in progress, with -05 just reaching Lower Plate this past week. Unfortunately, HER-24-07 had to be terminated prior to reaching the Lower Plate due to strong artesian water flow beneath the Belmont Zone.

Plans are to re-drill the hole in the fall when the aquifer may have a lower charge. 2024 has seen abnormally heavy rainfall throughout the winter and spring which may have excessively charged the aquifer under Belmont.