NEWS!! ¡HEATVANCOUVER, B.C. - TheNewswire - April 12, 2021 - Hillcrest Energy Technologies, Ltd. (C NSX : HEAT . CN ) (OTC : HLRTF) (FRA : 7HI.F) (the Company or Hillcrest ) today announces the closing of a $5,000,000 equity facility agreement (the Investment Agreement ) provided by Mercer Street Global Opportunity Fund, LLC (the Investor or Mercer Street ). Hillcrest has received in escrow a First Tranche of CDN $2,240,000. Hillcrest has the right, but not the obligation, to request further tranches under the Investment Agreement which are to be made available upon certain general conditions being met. Funds drawn are immediately converted into share units in the Company. I am delighted to partner with Mercer Street. This funding, combined with monthly production revenues, creates a strong financial foundation that not only meets our anticipated commitments through the upcoming fiscal year, it also expands our ability to pursue new development partnership opportunities and execute against internal IP development initiatives, said Hillcrest CEO, Don Currie. Mercer Streets shared vision for Hillcrest to be a leading catalyst in the transition to clean energy is backed by their unwavering support to see the team succeed. THE AGREEMENT