Mr. John LaGourgue reports

VICINITY MOTOR CORP. ISSUES DSUS

Vicinity Motor Corp. has granted deferred share units. Certain eligible directors have requested that their respective director remuneration for the calendar year 2024 be paid in DSUs, and accordingly, the company has granted 187,745 DSUs in connection with director remuneration for the first quarter.

About Vicinity Motor Corp.

Vicinity (Nasdaq: VEV) (TSX Venture Exchange: VMC) 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, compressed natural gas and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck, to the transit and industrial markets.

We seek Safe Harbor.