Mr. Don Currie reports

HILLCREST PROVIDES UPDATE ON SHARES FOR DEBT OFFERING

Hillcrest Energy Technologies Ltd. has provided an update on the shares for debt offering originally announced on March 23, 2026. The offering of units of the company at a price of 18 cents per unit is expected to increase from the $500,000 originally announced to $550,000.

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.

Up to $140,000 is anticipated to be settled in connection with previously accrued fees owing to directors for acting as directors of the company.

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.

We seek Safe Harbor.