Hillcrest Energy Technologies Ltd. announced a non-brokered private placement to issue 12,540,000 common share purchase warrants of at a price of CAD 0.001 per Warrant for the gross proceeds of CAD 12540 on July 17, 2023. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.90 per Common Share for a period of 24 months following the closing date of the Offering. The subscribers to the Offering include two directors and an officer who subscribed for an aggregate of 301,333 Warrants.

All securities issued in connection with the Offering are subject to a four month and one day hold period.