Mr. Don Currie reports

HILLCREST ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR GROSS PROCEEDS OF UP TO $1.2 MILLION

Hillcrest Energy Technologies Ltd. has arranged a non-brokered private placement of up to eight million units of the company at an issue price of 15 cents per unit, for gross proceeds of up to $1.2-million. In its discretion, the company may increase or decrease the size of the offering in accordance with the policies of the Canadian Securities Exchange.

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 24 months following the date of issuance of the warrant.

The company intends to use the proceeds from the private placement for retirement of existing accounts payable, payment of new advisers and consultants, and general working capital purposes.

In connection with the offering, the company may pay finders' fees in cash or units on identical terms to the units in the offering, to certain finders, as permitted by the policies of the exchange. There is no minimum number of shares or minimum aggregate proceeds required to close the offering, and the company may, at its discretion, elect to close the offering in one or more tranches.

The securities issued pursuant to the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the offering and the issuance of the shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange.

About Hillcrest Energy Technologies Ltd.

Hillcrest Energy Technologies is a Canadian clean technology company focused on developing and commercializing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected energy systems. The company's proprietary zero-voltage switching (ZVS) technology platform is being commercialized across multiple markets, including next-generation AI (artificial intelligence) data centres, microgrids and electric vehicle powertrains. 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, on the OTCQB Venture Market as HLRTF and on the Frankfurt Stock Exchange as 7HI.

We seek Safe Harbor.