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Hercules Metals Provides Update on 2025 Drilling at the Leviathan Porphyry System

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Hercules Metals (OTCQB: BADEF) updated its 2025 drilling at the Leviathan porphyry in western Idaho. The company has completed 16 core holes and > 13,000 metres of drilling, with three holes in progress and three RC pre-collars ready for core. Nine completed holes (25-03 to 25-11) are awaiting assays.

Definition drilling shows emerging continuity in the Footwall Zone potentially extending ~1 km. The team has begun testing a new, highly conductive 3 km-wide “Donut” Anomaly in the Southern Flats with an initial three-hole fence planned. Drilling is expected to continue into November 2025, weather permitting.

Hercules Metals (OTCQB: BADEF) ha aggiornato i piani di trivellazione per il 2025 al porfido Leviathan nell'Idaho occidentale. L'azienda ha completato 16 fori di carotaggio e oltre 13.000 metri di trivellazione, con tre fori in corso e tre pre-collari RC pronti per il core. Nove fori completati (25-03 a 25-11) attendono analisi.

La trivellazione di definizione mostra una continuità emergente nella Zona del Footwall che potrebbe estendersi di circa 1 km. Il team ha iniziato a testare una nuova e altamente conduttiva anomalia di 3 km di larghezza nel Southern Flats, chiamata Donut, con un primo gruppo di tre fori pianificato. Si prevede che la trivellazione continui fino a novembre 2025, se le condizioni meteorologiche lo permetteranno.

Hercules Metals (OTCQB: BADEF) actualizó su perforación de 2025 en Leviathan porphyry en el oeste de Idaho. La empresa ha completado 16 sondeos de núcleo y > 13.000 metros de perforación, con tres agujeros en curso y tres pre-collars RC listos para el núcleo. Nueve agujeros completados (25-03 a 25-11) esperan análisis.

La perforación de definición muestra una continuidad emergente en la Zona de pie (Footwall Zone) que podría extenderse ~1 km. El equipo ha comenzado a probar una nueva y altamente conductiva anomalía de 3 km de ancho en Southern Flats, llamada Donut, con un primer cerco de tres agujeros planificado. Se espera que la perforación continúe hasta noviembre de 2025, sujeto a las condiciones climáticas.

Hercules Metals(OTCQB: BADEF)가 아이다호 주 서부의 Leviathan 포피라이트에서 2025년 시추를 업데이트했습니다. 회사는 16개의 코어 구멍13,000m 이상의 시추를 완료했으며, 세 개의 구멍은 진행 중이고 세 개의 RC 프리콜러가 코어 작업을 위해 준비되어 있습니다.

정의 시추는 Footwall Zone에서 뚜렷한 연속성을 보여주고 있으며 약 1km 확장될 가능성이 있습니다. 팀은 Southern Flats에서 높은 전도도의 3km 폭의 새로운 이상현상인 Donut를 테스트하기 시작했으며, 초기 세 구멍으로 구성된 첫 번째 포인트를 계획하고 있습니다. 기상 여건이 허락하는 한 2025년 11월까지 시추가 계속될 예정입니다.

Hercules Metals (OTCQB: BADEF) a mis à jour son programme de forage 2025 sur le porphyre Leviathan dans l'ouest de l'Idaho. L'entreprise a complété 16 forages de carottage et plus de 13 000 mètres de forage, avec trois forages en cours et trois pré-collards RC prêts pour le carottage. Neuf forages terminés (du 25-03 au 25-11) attendent les analyses.

Le forage de définition montre une continuité émergente dans la Zone de pied droit (Footwall Zone) susceptible de s'étendre d'environ 1 km. L'équipe a commencé à tester une nouvelle anomalie hautement conductrice de 3 km de large dans les Southern Flats, appelée Donut, avec un premier faisceau de trois puits prévu. Le forage devrait se poursuivre jusqu'en novembre 2025, sous réserve des conditions météorologiques.

Hercules Metals (OTCQB: BADEF) hat seine Bohrplanung für 2025 am Leviathan-Porphyr in westlichem Idaho aktualisiert. Das Unternehmen hat 16 Kernbohrungen und mehr als 13.000 Meter Bohrarbeit abgeschlossen, drei Bohrlöcher befinden sich im Gange und drei RC-Prästollen sind bereit für das Kernmaterial. Neun abgeschlossene Bohrlöcher (25-03 bis 25-11) warten auf Analysen.

Definition-Bohrungen zeigen eine aufkommende Kontinuität in der Footwall Zone, die sich möglicherweise um ~1 km erweitern könnte. Das Team hat begonnen, eine neue, hoch leitende 3 km breite Donut-Anomalie in den Southern Flats zu testen, mit einer ersten Drei-Bohrloch-Front. Die Bohrungen sollen wetterabhängig bis November 2025 fortgesetzt werden.

Hercules Metals (OTCQB: BADEF) حدّثت ترسيمها للحفر لعام 2025 على Pophyry Leviathan في غرب أيداهو. الشركة أكملت 16 بئراً نواة و<ṁ>13.000 متراً من الحفر، مع وجود ثلاثة آبار جارية وثلاثة مبدئي RC جاهزة للنواة. تسعة آبار مكتملة (25-03 إلى 25-11) في انتظار التحاليل.

تظهر حفر تعريفية استمرارية ناشئة في منطقة فقرة القدم قد تمتد بنحو 1 كم. بدأ الفريق باختبار ظاهرة شديدة التوصيل بطول 3 كم في Southern Flats تُدعى Donut، مع وجود ثلاث آبار كخط أول مخطط. من المتوقع أن يستمر الحفر حتى نوفمبر 2025، إذا سمحت الظروف الجوية.

Hercules Metals (OTCQB: BADEF) 更新了其在爱达荷州西部 Leviathan 岩多金矿的 2025 年钻探计划。公司已完成 16 口岩心孔 和超过 13,000 米的钻探,另有三口井在施工中,三口 RC 先导井已就位用于岩心提取。九口完成的孔(25-03 至 25-11)正在等待分析。

定义钻探显示在底部结构带(Footwall Zone)出现的连续性,可能扩展约 1 公里。团队已开始测试在 Southern Flats 高导电性的新型 3 公里宽度异常体,命名为 Donut,计划初步围成三孔。预计在天气允许的情况下,钻探将持续至 2025 年 11 月。

Positive
  • Program expanded to over 13,000 metres of drilling
  • 16 holes completed in 2025 drill campaign
  • New 3 km-wide Donut MT target now under drill testing
  • Definition drilling indicates ~1 km potential continuity in Footwall Zone
Negative
  • 9 holes awaiting assay results, creating short-term data gap
  • Drilling continuation depends on seasonal weather into November 2025

Stronger continuity emerging through accelerated definition drilling at Leviathan; testing of "Donut" Anomaly in the south underway

  • Upsized 2025 drilling campaign: The Company's 2025 drill program has been expanded beyond the original 12,000 metre target. Over 13,000 metres of drilling have been completed, with the Company expecting to continue drilling into November 2025, as long as seasonal weather conditions permit.
  • 2025 drilling progressing well: 2025 drilling now includes sixteen (16) holes completed, with three (3) holes in progress, and three (3) additional RC pre-collars ready for completion.
  • "Donut" Anomaly now being tested in Southern Flats Zone: Core holes 25-16 and 25-22 have now begun testing a new target in the Southern Flats Zone known as the Donut Anomaly, with a third hole, 25-23, pre-collared and ready for completion. The highly-conductive, 3 km-wide Donut Anomaly represents one of the largest geophysical targets identified by the Company to date.
  • Nine (9) holes currently being assayed: Samples for nine (9) complete holes (25-03 - 25-11) have been sent to the lab and are being processed, with additional sample shipments ongoing.

Toronto, Ontario--(Newsfile Corp. - October 8, 2025) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) ("Hercules" or the "Company") is pleased to provide an update on 2025 drilling progress at its flagship Leviathan porphyry copper discovery on its Hercules Property in western Idaho (the "Property"). Sixteen holes have been completed, with one hole in-progress at Leviathan and two holes currently in-progress on a large new priority target area in the Southern Flats Zone. Over 13,000 metres have been drilled to date, with samples for nine holes awaiting assay at the lab. Figure 1 provides an updated drill map, showing holes completed, in-progress, and pre-collared with a reverse circulation ("RC") drill rig.

Chris Paul, CEO and Director of Hercules Metals, commented, "I am encouraged by the steady progress of our 2025 drilling campaign. Early validation of our 3D geological model has enabled us to execute a combined strategy of both definition and pure exploration drilling. By employing a fence-based approach, we are able to pinpoint holes that demonstrate the strongest continuity across each 200-metre section, systematically expanding the deposit and delivering value for our shareholders."

"As we continue to build value through definition drilling, we have also entered the initial phase of exploration on a large new target, with a scale that extends well beyond that of Leviathan itself. This new target, referred to as the "Donut" Anomaly, reveals a strong conductivity signature that spans more than three times the width of Leviathan, underscoring the district-scale potential of this new and emerging porphyry copper belt in the United States."

Definition drilling is beginning to demonstrate continuity in the Footwall Zone, both along strike and to depth. Continuous mineralization may potentially extend for upwards of 1 km in the Footwall Zone, following completion of the 2025 drill campaign (Figure 1). Drill holes 25-14, -18, and -21 are designed to test this continuity trend, the first of which is in progress and the latter two are now pre-collared. Footwall mineralization remains open to the south.

Mineralization also remains open in the Hanging Wall Zone, south of 2024 drill hole 24-19, where the coincident Leviathan MT anomaly increases in both scale and magnitude toward the Southern Flats area. Drill hole 25-16 is currently testing for a southern extension of the Leviathan porphyry into Southern Flats, whereas drill holes 25-22 and 25-23 are designed to evaluate whether the stronger, 3-km-wide bullseye MT feature (the "Donut Anomaly") may represent a second and separate porphyry centre. Given the sheer scale of the new MT target, drill testing will continue until one or more complete fences have been established across the entire anomaly. Figures 2 and 3 provide cross-sectional and long-sectional views of drill holes 25-22 (in-progress) and 25-23 (pre-collared), representing the first two (2) holes of a planned three (3)-hole fence, testing diagonally across the anomaly.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9425/269593_0d0adfe854cf588f_002.jpg

Figure 1: Drill plan showing completed, in progress, and pre-collared drill holes, relative to MT conductivity 800m below surface. Hotter colours are more conductive.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9425/269593_0d0adfe854cf588f_002full.jpg

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Figure 2: Northwest-facing cross section through MT resistivity model. Planned target depths are shown for drill holes 25-22 and 25-23, which are currently pre-collared to 450 m and 400 m respectively. Hotter colours are more conductive.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9425/269593_0d0adfe854cf588f_003full.jpg

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Figure 3: Southwest-facing long section through MT resistivity model. Outline of Leviathan porphyry in white. The new Donut Anomaly shows a similar pattern of a moderately conductive core surrounded by highly conductive alteration. Planned target depths are shown for drill holes 25-22 and 25-23.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9425/269593_0d0adfe854cf588f_004full.jpg

Drilling Contractors

RC drilling has been successfully completed for the season, with three remaining pre-collared holes still to be advanced with core drilling. Hercules extends its appreciation to Alford Drilling.

Dorado Drilling USA has delivered outstanding performance this season, completing deep holes on schedule and to specification, achieving production targets and meaningful cost savings for the Company. Building on this success, a third Dorado rig has been mobilized to site to further enhance productivity through the remainder of the campaign. The contract with Scout Drilling has been concluded, and the three most efficient Dorado core rigs will remain active, to maintain a strong and consistent production, through to the end of season.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved for disclosure by Dillon Hume, P.Geo. and Vice President, Exploration for the Company. Mr. Hume is a "Qualified Person" for Hercules Metals within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Hercules Metals Corp.

Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) is an exploration Company focused on developing America's newest porphyry copper district, in Idaho.

The 100% owned Hercules Project located northwest of Cambridge, hosts the newly discovered Leviathan porphyry copper system, one of the most important new discoveries in the country to date. The Company is well positioned for growth through continued drilling, supported by a strategic investment from Barrick Mining Corporation.

With the potential for significant scale, the Company's management and board of directors aims to build on its proven track record which includes the discovery and development of numerous precious metals projects worldwide.

For further information please contact:

Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: chris@herculesmetals.com

Greg DiTomaso
Investor Relations
Telephone: +1 (647) 243-4074
Email: gditomaso@herculesmetals.com

Dillon Hume
VP, Exploration
Telephone: +1 (604) 283-2043
Email: dhume@herculesmetals.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the expected execution of future exploration programs on the Property; assay results of future drill holes; results of operations, and the expected financial performance of the Company.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269593

FAQ

How much drilling has Hercules Metals (BADEF) completed at Leviathan as of October 8, 2025?

Hercules has completed over 13,000 metres of drilling, with 16 holes finished and additional holes in progress.

What is the significance of the 3 km-wide “Donut” Anomaly being tested by BADEF in 2025?

The Donut Anomaly is a large, highly conductive MT target roughly 3 km wide; initial three-hole fence testing aims to evaluate a possible second porphyry centre.

How many BADEF drill holes are awaiting assays and which holes are they?

Samples for nine holes (25-03 through 25-11) have been sent to the lab and are being processed.

Is Hercules Metals continuing to drill at Leviathan beyond October 2025?

Yes, the company expects drilling to continue into November 2025, weather permitting.

What early geological continuity has BADEF reported from the 2025 program?

Definition drilling is beginning to show continuity in the Footwall Zone that may extend approximately 1 km along strike and to depth.

Which drilling contractors are operating for Hercules Metals at Leviathan in 2025?

Dorado Drilling USA has been the primary core contractor with multiple rigs mobilized; RC season concluded and Scout Drilling contract has ended.
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