Hertz Energy Announces Change of Chief Financial Officer

Rhea-AI Summary

Hertz Energy (OTCQB: HZLIF) has announced a significant leadership change with the appointment of Natasha Tsai as the new Chief Financial Officer, replacing Jatin Bakshi. Tsai, a CPA and CA, brings extensive experience as Managing Director at Malaspina Consultants Inc. Her background includes specialized expertise in financial operations and business performance, with previous roles as CFO of a junior mining company and corporate controller in the energy sector. A graduate of UBC's Sauder School of Business, Tsai received her Chartered Accountant designation in 2007 and has served as co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.

Positive

• Appointment of experienced CFO with relevant industry background in mining and energy sectors
• New CFO brings strong credentials including CPA, CA designations and leadership experience
• Smooth transition with immediate replacement of departing CFO

Negative

• Sudden departure of previous CFO without specified reason could raise concerns
• Potential disruption in financial leadership during transition period

Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company" or "Hertz") announces that Jatin Bakshi is no longer Chief Financial Officer for the Company and Natasha Tsai has been appointed in his place.

Ms. Tsai, CPA, CA, is Managing Director at Malaspina Consultants Inc. She has been a senior advisor and CFO with companies in a broad range of industries. Natasha specializes in the areas of financial operations and business performance. Prior to 2012, Natasha was the CFO of a junior mining company and the corporate controller of an early stage company in the energy sector. Natasha is a graduate of Sauder School of Business at UBC and received her Chartered Accountant designation in 2007. She is also a former co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.

"We look forward to welcoming Ms. Tsai to the Hertz team and would like to thank Jatin for his contributions as a valuable member of the Company's management and wish him continued success in his other ventures" stated Kal Malhi, CEO of the Company.

About the Company

The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the Lucky Mica Lithium Project and the AC/DC Lithium Project. The Lucky Mica Project is 939 hectares located within the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Quebec, Canada, just 26kms southeast of the Covette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's uranium projects include the Cominco Uranium Project located in Bathurst Inlet, Nunavut, Canada and its recent applications for Exclusive Prospecting Licenses in Namibia.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are 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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252495

FAQ

Who is the new CFO of Hertz Energy (HZLIF)?

Natasha Tsai, CPA, CA, has been appointed as the new Chief Financial Officer of Hertz Energy. She is currently Managing Director at Malaspina Consultants Inc.

What experience does Natasha Tsai bring to Hertz Energy (HZLIF) as CFO?

Natasha Tsai brings experience as a senior advisor and CFO across various industries, specializing in financial operations and business performance. She previously served as CFO of a junior mining company and corporate controller in the energy sector.

When did Hertz Energy (HZLIF) announce its CFO change?

Hertz Energy announced the CFO change on May 16, 2025, with Natasha Tsai replacing Jatin Bakshi.

What are Natasha Tsai's qualifications as Hertz Energy's new CFO?

Natasha Tsai is a CPA, CA who graduated from UBC's Sauder School of Business and received her Chartered Accountant designation in 2007. She was also a former co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC.