Hertz Lithium is delighted to reveal a significant milestone in its corporate journey—a share exchange agreement, known as the Definitive Agreement. This transformative agreement involves three principal parties: Hertz Lithium Inc., Canuck Lithium Corp. (referred to as "Canuck"), and the shareholders of Canuck, collectively known as the "Canuck Shareholders." The core objective of this monumental accord is for Hertz Lithium Inc. to acquire the complete ownership of Canuck, which constitutes 100% of the issued and outstanding common shares within Canuck's capital structure. This strategic endeavor marks a pivotal moment in both companies' trajectories and underscores the commitment of Hertz Lithium Inc. to fostering growth and innovation within the lithium industry.

The forthcoming acquisition, referred to as the "Proposed Transaction," signifies a well-calculated move that aligns with Hertz Lithium Inc.'s strategic vision and growth aspirations. By acquiring Canuck in its entirety, Hertz Lithium Inc. aims to bolster its position and expand its footprint within the lithium sector. This venture holds the promise of synergies, increased operational efficiencies, and amplified capabilities that can be harnessed for the benefit of shareholders and stakeholders alike.

The Share Exchange Agreement represents a binding commitment among the involved parties, outlining the terms and conditions governing this momentous transaction. Through the Proposed Transaction, Hertz Lithium Inc. intends to solidify its presence and enhance its standing as a key player in the evolving landscape of lithium production and innovation. The acquisition of Canuck is seen as a strategic maneuver that complements Hertz Lithium Inc.'s existing portfolio, bringing added value and growth potential to the table.

This acquisition reflects the growing importance of lithium in various industries, including electric vehicles, energy storage, and renewable energy solutions. Lithium's pivotal role in the transition toward sustainable and clean energy sources underscores the significance of this transaction for Hertz Lithium Inc. By positioning itself as a leading entity in the lithium sector, Hertz Lithium Inc. is poised to play an influential role in shaping the future of sustainable energy solutions.

As Hertz Lithium Inc. and Canuck embark on this journey of integration and growth, both companies are committed to ensuring a seamless transition that maximizes the benefits of this strategic alliance. The acquisition represents a testament to Hertz Lithium Inc.'s dedication to innovation, sustainability, and its unwavering commitment to delivering value to its shareholders and the industries it serves. Hertz Lithium Inc. anticipates a bright future ahead as it integrates Canuck into its portfolio, positioning itself as a formidable player in the evolving landscape of lithium production and innovation.