Mr. William Trainer reports

VICINITY MOTOR CORP. SIGNS VMC 1200 DISTRIBUTION AGREEMENT FOR PENINSULA VMC TRUCK CENTRE IN SOUTH TORONTO, CANADA

Vicinity Motor Corp. has signed a new distribution agreement with automotive industry executive Kelly Jennings to launch Peninsula VMC Truck Centre, a new VMC-specific dealership for the territory located in the southern Toronto, Canada, region.

Mr. Jennings is the owner of Peninsula Ford Lincoln, a leading automotive dealership in Owen Sound and Port Elgin, Ontario, Canada, with a storied 40-year history. Per the terms of the agreement, Peninsula VMC Truck Centre will distribute Vicinity VMC 1200 trucks throughout the cities of Hamilton, Burlington, Brantford and Niagara.

"Kelly's experience and focus on the Canadian automotive market makes his family of companies a perfect fit for a new VMC dealership to help fleet operators seamlessly transition to an all-electric future," said William Trainer, founder and chief executive officer of Vicinity Motor. "Peninsula VMC Truck Centre will support fleet operators in their electrification journey, offering the purpose-built, custom-upfit, all-electric VMC 1200 to a new generation of customers. We look forward to helping Kelly and the dealership share how the VMC can deliver immediate cost savings while concurrently reducing carbon emissions for commercial fleet operators."

About Vicinity Motor Corp.

Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use. The company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG (compressed natural gas) and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets.

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