Vancouver, British Columbia--(Newsfile Corp. - October 25, 2023) - Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company") is pleased to announce that, further to its news release on October 3, 2023, the Company has completed the acquisition (the "Acquisition") of 100% of the issued and outstanding common shares in the capital of Canuck Lithium Corp. ("Canuck"). The Acquisition was completed pursuant to the terms and conditions of a share exchange agreement (the "Definitive Agreement") entered into among the Company, Canuck, and the shareholders of Canuck (the "Canuck Shareholders").

Hertz now owns 100% of the ACDC Project, located in the emerging hard rock lithium district in James Bay, Quebec, Canada. There are approximately 135 historical references to pegmatite outcrops that have never been evaluated or sampled for their lithium potential on the Property according to the Quebec Government's SIGEOM Database (Figure 3).

The ACDC property encompassing 516 contiguous mineral claims spanning 265 square kilometers, located contiguous to Rio Tinto's optioned Kaanaayaa Lithium Project (Figure 1) as well as 26 km southeast of the Corvette Lithium Project owned by Patriot Battery Metals with an inferred mineral resource of 109.2 Mt at 1.4% Li2O¹ and 60 km west of Winsome Resources' Adina Lithium property (Figure 2). The growing James Bay lithium district also hosts Nemaska's Whabouchi Project, with a Mineral Resource of 36.6 Mt at 1.3% Li2O², and a proposed mine life of 33 years. Additionally, Allkem's James Bay Lithium Project has a Mineral Resource of 40.3 Mt at 1.4% Li2O and is proposed to produce an average of 321 Kt of spodumene concentrate per year over a 19-year mine life³. see & read more on
https://www.newsfilecorp.com/release/185198/Hertz-Lithium-Inc.-Announces-Acquisition-of-Canuck-Lithium-Corp.