Hercules Metals Corp. — Proxy Solicitation & Information Statement 2025

May 16, 2025

HERCULES METALS CORP.
100 King Street West, Suite 1600
Toronto, Ontario
M5X 1G5

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders of Hercules Metals Corp. (the "Corporation") will be held at Gowling WLG (Canada) LLP, First Canadian Place, 100 King St W., Suite 1600, Toronto, Ontario, Canada M5X 1G5 on Tuesday, the 17th day of June, 2025 at 10:00 a.m. (Toronto Time), for the following purposes:

1. To receive the audited consolidated financial statements of the Corporation for the year ended December 31, 2024 (with comparative statements relating to the preceding fiscal year) together with the report of the auditors therein;
2. To fix the number of directors at four (4);
3. To elect the directors for the ensuing year;
4. To appoint MNP LLP, Chartered Professional Accountants, as auditors for the ensuing year and to authorize the directors of the Corporation to fix their remuneration; and
5. To transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

Accompanying this Notice is the Information Circular, a form of Proxy, and a Financial Statement Request Form. The accompanying Information Circular provides information relating to the matters to be addressed at the Meeting and is incorporated into this Notice.

Shareholders of the Corporation are entitled to vote at the Meeting either in person or by proxy. Those who are unable to attend the Meeting are requested to read the notes to the enclosed form of Proxy and then to, complete, sign and mail the enclosed form of Proxy in accordance with the instructions set out in the Proxy and in the Information Circular accompanying this Notice.

DATED at Toronto, Ontario, this 7th day of May 2025.

BY ORDER OF THE BOARD

(signed) "Christopher Paul"
Christopher Paul
Chief Executive Officer and Director