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VANCOUVER, BC, June 16, 2026 – Hillcrest Energy Technologies (CSE: HEAT) (FRA: 7HI) (“Hillcrest” or the “Company”), is pleased to announce that, further it is news release of May 27, 2026, the Company has closed its previously announced non-brokered private placement of 7,968,319 units of the Company (the “Units”) for gross proceeds of $1,195,247.85 at a price of $0.15 per Unit (the “Offering”).
Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). As a result, the Company issued a total of 7,968,319 Common Shares and 7,968,319 Warrants pursuant to the Offering.
Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.20 per Common Share for a period of 24 months from the date of issuance.
It is intended that the proceeds from closing of the Offering will be used for retirement of existing accounts payable, payment of new advisors and consultants, and general working capital purposes.
In connection with the closing of the Offering, the Company paid aggregate cash finder’s fees of $19,999.99 and issued an aggregate of 133,333 non-transferable finder’s warrants (the “Finder’s Warrants”) to eligible arm’s length finders. Each Finder’s Warrant is exercisable into one Common Share at a price of $0.20 per Common Share for a period of twenty-four (24) months from the date of issuance.
The securities issued in connection with the Offering, including any Common Shares issuable upon the exercise of the Warrants and Finder’s Warrants, are subject to a statutory four month and one day hold period, in accordance with the policies of the CSE and 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 moresustainable and electrified future.
Hillcrest is publicly traded on the CSE under the symbol “HEAT,” on the OTCQBVenture Market as “HLRTF” and on the Frankfurt Exchange as “7HI”. For more information, please visit: https://hillcrestenergy.tech/.
CONTACT INFORMATION
Investor Relations
Don Currie
+1-604-609-0006
Toll-free: 1-855-609-0006
Public Relations
Jamie Hogue
+1 602-793-9481
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FORWARD-LOOKING INFORMATION
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects,” “intends,” “is expected,” “potential,” “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may,” “could,” “should,” “would,” “might” or “will” be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s MD&A for the year ended Dec. 31, 2024, available at https://www.sedarplus.ca/ for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.