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Hercules Resources Corp. Capital/Financing Update 2022

Nov 3, 2022

48397_rns_2022-11-02_fea97f5b-5fbc-4ddf-8d81-33d214637c52.pdf

Capital/Financing Update

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S. PAUL SIMPSON LAW CORPORATION

B ARRISTERS & S OLICITORS

2080 – 777 HORNBY STREET VANCOUVER, B.C. CANADA V6Z 1S4

S. PAUL SIMPSON DIRECT: (604) 633-4286 GENERAL: (604) 683 – 7361 FAX: (604) 662 - 3231 [email protected]

VIA SEDAR

October 31, 2022

British Columbia Securities Commission Alberta Securities Commission Ontario Securities Commission

Dear Sirs/Madames:

Re: Hercules Resources Corp. (the “Corporation”) Final Prospectus dated October 31, 2022

We refer to the final prospectus of the Corporation dated October 31, 2022 (the “ Prospectus ”) relating to an initial public offering of common shares of the Corporation.

We hereby consent to the references to our firm name on the face pages of the Prospectus and under the headings “ Experts ” and “ Legal Matters ”. We also consent to the reference to our firm name and to the use of our opinion under the headings “ Eligibility for Investment ” in the Prospectus.

We confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are derived from our opinions referred to above or that are within our knowledge as a result of the services we performed in connection with such opinions.

Yours truly,

S. PAUL SIMPSON LAW CORPORATION

Per: “ S. Paul Simpson

S. Paul Simpson