Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI) ("Hillcrest" or the "Company"), is pleased to announce that, further to its news releases dated January 31, 2024 and February 9, 2024, the Company has closed the second tranche of its non-brokered private placement in the amount of 3,582,000 units of the Company (the "Units") at a price of $0.25 per Unit for gross proceeds of $895,500 (the "Second Tranche"). The total placement size, cumulative of all tranches, is anticipated to be a maximum of 8,000,000 Units for maximum gross proceeds of $2,000,000 (the "Private Placement"). The Company intends to close the third tranche of the Private Placement in the near future.