Dan Mathieson Joins Hillcrest as Strategic Advisor

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), an innovative clean technology company redefining power conversion technologies, is pleased to announce the addition of Dan Mathieson as a strategic advisor to the Company. Mr. Mathieson will work with the Company's executive team to deliver new business expansion opportunities both domestically and internationally.

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Don Currie, Hillcrest's Chief Executive Officer, expressed his enthusiasm for Mr. Mathieson's addition, stating, "Dan is a genuine innovator driven by a commitment to propel Canada forward. Over the past two decades, he's successfully demonstrated his ability to drive progress and push boundaries to propel his community forward. During that time, he also cultivated a valuable network of like-minded leaders globally and will play a pivotal role in ensuring Hillcrest's successful advancement. On behalf of the Board and the entire Hillcrest team, we extend a warm welcome to Dan and eagerly anticipate our collaboration."

During Mr. Mathieson's distinguished five-term tenure as the Mayor of Stratford, Ontario, his visionary leadership transformed the community into a hub of automotive activity, facilitating the development of cutting-edge automotive technologies. Currently serving on the advisory board for the Auto Manufacturers Association's Project Arrow, the first zero-emission concept vehicle designed, engineered, and built in Canada, Mr. Mathieson continues to contribute to the forefront of technological innovation.

In 2012, Dan Mathieson was honored with the Queen Elizabeth II Diamond Jubilee Medal by the Canadian Advanced Technology Alliance (CATA), recognizing his exceptional contributions as a technology innovator and community leader.

Mr. Mathieson shared his perspective, stating, "Hillcrest possesses a technology platform with the potential to revolutionize power conversion across numerous sectors. Over the past three years, they've established a robust foundation, and I am eager to join forces with the Hillcrest team as we expedite the commercialization and global adoption of their technologies."

About Hillcrest Energy Technologies
Hillcrest Energy Technologies is a clean 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 more sustainable and electrified future. Hillcrest is publicly traded on the CSE under the symbol "HEAT," on the OTCQB Venture Market as "HLRTF" and on the Frankfurt Exchange as "7HI". For more information, please visit: https://hillcrestenergy.tech/.

CONTACT INFORMATION

Investor Relations
Don Currie
info@hillcrestenergy.tech
O: +1 604-609-0006
Toll-free: 1 855-609-0006

Or

Walter Frank/Jennifer Belodeau
IMS Investor Relations
hillcrest@imsinvestorrelations.com
O: +1 203-972-9200

Public Relations
Jamie L. Hogue
jhogue@hillcrestenergy.tech
O: +1 602-793-9481

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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, 2022, available at www.sedar.com 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.

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