Hertz Energy Inc. Announces Closing of First Tranche of LIFE and Flow-Through Offering for Gross Proceeds of $1,000,000 and Extension of Private Placement

VANCOUVER, B.C. – TheNewswire - March 27, 2026 - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (“ Hertz Energy ”, the “ Company ” or the “ Issuer ”) is pleased to announce, further to its news release dated  February 10, 2026, the Company has closed a first tranche of its non-brokered private placement offering issuing an aggregate 2,330,000 units of the Company for gross proceeds of $1,000,000, as part of the announced LIFE Offering of up to 5,000,000 units of the Company (the " Units ") at a price of $0.40 per Unit and concurrent FT Offering of up to 6,000,000 flow-through units of the Company (the " FT Units ") at a price of $0.50 per FT Unit. The Company has closed a total of 1,650,000 Units  of the Company at a price of  $0.40 per Unit , for gross proceeds of  $660,000  as part of the LIFE Offering, and a total of 680,000 FT U nits  of the Company at a price of  $0.50 per FT Unit , for gross proceeds of  $340,000  as part of the FT Offering. Each Unit issued consists of one (1) common share in the capital of the Company (each a " Common Share ") and one-half (1/2) Common Share purchase warrant (a " Warrant ") granting the holder the right to purchase one-half (1/2) additional Common Share of the Company (a " Warrant Share ") at a price of $0.60 per whole Common share at any time on or before 24 months from the Closing Date (defined below). The Warrants will not be subject to an accelerated expiry. The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws.