Hertz Energy Announces Loan Agreement

Vancouver, British Columbia–(Newsfile Corp. – August 9, 2024) – Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QX1) (the “Company” or “Hertz“) announces that it has entered into a loan agreement with Flowing Lithium Exploration Inc.

The Company has entered into a loan agreement dated June 17, 2024 (the “TO FLY “Loan Agreement”) with Flowing Lithium Exploration Inc. (“TO FLY“), pursuant to which the Company agreed to borrow from FLE CDN$150,000.00 (the “TO FLY Loan“). The FLE Loan bears interest at 10.0% per annum and is fully due on June 17, 2025. The FLE Loan is considered an arm’s length transaction.