Hercules Resources Corp. — Board/Management Information 2023

Oct 16, 2023

		Form 51-102F3
		Material Change Report
Item	1	Name and Address of Company
		Hercules Resources Corp. (the**“Company”**)
		Suite 820-1130 West Pender Street
		Vancouver, BC, V6E 4A4
Item	2	Date of Material Change
		October 13, 2023
Item	3	News Release
		A news release was disseminated on October 13, 2023 through the facilities of
		Stockwatch.
Item	4	Summary of Material Change
		On October 13, 2023, Gordon Lam resigned as Chief Executive Officer, but
		remaining as a director and Michael Smith was appointed as Chief Executive
		Officer.
Item	5	Full Description of Material Change
		See Item 4 above.
Item	6	Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
		This Report is not being filed on a confidential basis in reliance on subsection
		7.1(2) or (3) of National Instrument 51-102.
Item	7	Omitted Information
		No information has been omitted on the basis that it is confidential information.
Item	8	Executive Officer
		Alan Tam, CFO is knowledgeable about the material change and the Report and
		may be contacted (604) 616.8816.
Item	9	Date of Report
		October 16, 2023