Mr. Don Currie reports

HILLCREST PARTICIPATES IN APEC 2026 AND ANNOUNCES SHARES FOR DEBT OFFERING

Hillcrest Energy Technologies Ltd. is being represented at the 2026 IEEE Applied Power Electronics Conference and Exposition, held March 22 to March 26, 2026, in San Antonio, Tex. -- one of the world's leading forums for advancing power electronics innovation.

Hillcrest vice-president of engineering Dr. Emanuel Serban, PhD, PEng, will participate as a technical lecture presenter for Session T15.2, "Seamless Power Transfer of Bidirectional Converters in Microgrids Applications," on Wednesday, March 25, 2026.

The company's presence at APEC reflects its commitment to engaging with the global power electronics community and contributing to the advancement of practical, industry-relevant solutions.

Hillcrest shares-for-debt offering

Hillcrest is also pleased to announce its intent to complete a shares-for-debt offering of units of the company at a price of 18 cents per unit for up to $500,000 in debt.

Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 20 cents per warrant share for a period of 12 months following the date of issuance of the warrant.

All securities issued in connection with the private placement are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

About Hillcrest Energy Technologies Ltd.

Hillcrest Energy Technologies is an energy technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. Hillcrest is publicly traded on the Canadian Securities Exchange under the symbol HEAT and on the Frankfurt exchange as 7HI.

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