MONTRÉAL, QUÉBEC--(Marketwired - March 1, 2018) - HPQ Silicon Resources Inc. (HPQ) (TSX
VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) invites shareholders and investors to stop by the HPQ booth 2145 at the PDAC and take
advantage of the opportunity to talk with HPQ management about the PUREVAP ™ QRR Project milestones,
and plans for 2018 and 2019.
Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, "Our methodical approach is yielding exciting results, and
we are becoming more optimistic about the success of this project. With every milestone, we are de-risking our project for
investors as we advance toward Pilot Plant construction and arrange financings. 2018 and 2019 look very promising, as we
continue to build on our technical successes, and build market awareness of the technical and financial progress of our
project."
HPQ is in advanced discussions with both a strategic and an institutional investor regarding potential financial backing to
cover the remaining costs of the PUREVAP™ project. While there are no guarantees of success, discussions are ongoing with a
goal of closing during Q2 2018.
PUREVAP ™ PROJECT COST RECAP
The PUREVAP ™ Project remains on target from its original budget of $ 8,260,000. Since August 2016
HPQ has raised and invested $ 4,456,000 in the project.
The remaining $ 3,804,000 is payable upon milestones until the end of the project, with $ 1,724,000 payable between
July and December 2018, and $ 2,080,000 payable via 9 regular installments from January to September 2019, during
commissioning.
In addition to the project funding described above, the Company has plans to raise an additional $2,000,000. These funds will
be used for marketing, a buffer for potential cost over runs, and further G&A and R&D through 2019 as the Company
continues to grow.
Warrants Exercise
Between December 29 2017 and February 27 2018, an additional $ 182,315 was raised through warrant exercises, including
1,800,000 February 2018 warrants.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media
platform that enables civilized discussion and Q&A between Management and Shareholders.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated High Purity, Solar
Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required
for high performance photovoltaic conversion.
HPQ's first goal is to develop, in collaboration with industry leaders Pyrogenesis (PYR.T) and Apollon Solar the innovative
metallurgical PUREVAP™ "Quartz Reduction Reactors (QRR)" process (patent pending), which will permit it to produce SoG Si in one
step. The start of the pilot plant that will validate the commercial potential of the process is planned for second half of
2018.
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the
words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar
expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and
uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our
strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and
development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the Company with respect to future events and are subject to
certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities
regulatory authorities, which filings can be found at www.sedar.com. Actual
results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these
forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements
either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares outstanding: 194,583,673