The cha ges we e app oved by the Boa d followi g the AGM. They eflect a delibe ate step fo wa d i Hillc est’s gove a ce as the Compa y e te s its ext stage of g owth, a d a deepe i g of its elatio ship with Clea Path Dist ibutio I c. (“Clea Path”), the I dige ous-majo ity e tity fo med with Pasqua Fi st Natio a d Apei o Resou ces Ltd. Ms. Whitfo d adds fi a cial ove sight a d capital ma kets discipli e app op iate fo a g owi g public compa y. M . Peiga ‘s appoi tme t fo malizes his st ategic elatio ship with Clea Path’s leade ship. Both b i g di ect expe ie ce i I dige ous gove a ce, capital allocatio , a d eco omic developme t, st e gthe i g Hillc est’s ability to adva ce its I dige ous pa t e ship st ategy.
“David has bee i st ume tal i buildi g Hillc est’s busi ess a d gove a ce fou datio . I am app eciative that Hillc est will co ti ue to be efit f om David’s expe ie ce a d guida ce i his ext ole as a adviso ,” said Do Cu ie, CEO a d Di ecto of Hillc est. “Michael’s exte sive histo y of c eati g g owth th ough comme cializatio , a d his me to ship of se io ma ageme t, will add value a d co ti ued stability to the Chai ole. Rayle e b i gs the capital ma kets a d gove a ce igo a g owi g public compa y eeds; Matthew Todd has bee ce t al to Clea Path si ce day o e, a d his appoi tme t as a Adviso fo malizes a elatio ship that’s al eady delive i g esults.”
“I am ho o ed to se ve as Chai of Hillc est’s Boa d at this impo ta t stage of the Compa y’s g owth,” said Michael Moskowitz. “I would like to tha k David Fa ell fo his leade ship a d co t ibutio s i helpi g build a st o g fou datio fo Hillc est. I am pleased that we will co ti ue to be efit f om his expe ie ce as a adviso , a d I look fo wa d to wo ki g with the Boa d, ma ageme t, a d ou pa t e s to adva ce comme cializatio a d c eate lo g-te m value.”
M . Moskowitz is a seaso ed tech ology executive a d fo me leade of Pa aso ic’s No th Ame ica busi ess ope atio s. His backg ou d spa s sustai able e e gy, sma t mobility, a d co sume tech ology. He has se ved as a I depe de t Di ecto of Hillc est a d ow takes o the ole of Chai of the Boa d.
M . Fa ell is a co po ate di ecto with ove 25 yea s of co po ate a d i vestme t ba ki g expe ie ce. He has egotiated, st uctu ed, a d closed mo e tha US$25 billio i M&A a d st uctu ed fi a ci g t a sactio s ac oss the esou ce a d g owth secto s. M . Fa ell moves f om I depe de t Chai i to a st ategic adviso y ole with the Compa y.
Ms. Whitfo d is a C ee-Métis fi a ce p ofessio al a d Fellow Cha te ed Accou ta t (ICAEW). He ca ee spa s capital ma kets, p ofessio al se vices, a d the e e gy secto . She is a fo me equity pa t e at Deloitte Ca ada a d Chile, p eviously di ected a compa y listed o the Lo do Stock Excha ge, a d led a US$42 billio capital efficie cy p og am fo a i teg ated e e gy compa y i the Middle East. Ms. Whitfo d se ves as Chai of Fi st Natio s U ive sity of Ca ada, was a i augu al membe of the Ca adia Sustai ability Sta da ds Boa d. He wo k adva ci g I dige ous ights a d i te ests i co po ate gove a ce is di ectly eleva t to Clea Path’s st uctu e as a I dige ous-majo ity e tity. She holds a MBA f om Abe dee Busi ess School a d is completi g a i te discipli a y PhD i I dige ous Studies a d Busi ess at the U ive sity of Albe ta.
M . Peiga is the fo me Chief of Pasqua Fi st Natio #79 a d cu e tly se ves as Chai of the Boa d of Di ecto s of Clea Path Dist ibutio I c. He b i gs di ect expe ie ce i I dige ous gove a ce, commu ity-led i vestme t, a d i f ast uctu e st ategy, havi g ove see majo la d claim settleme t fu ds a d lo g-te m eco omic developme t i itiatives fo Pasqua Fi st Natio . As a fou di g a chitect of Clea Path’s I dige ous-majo ity ow e ship st uctu e, M . Peiga is well positio ed to help Hillc est deepe its elatio ships with I dige ous commu ities a d ide tify the pa t e ship oppo tu ities those elatio ships c eate. His appoi tme t as a Compa y Adviso fo malizes a elatio ship al eady ce t al to Hillc est’s comme cializatio st ategy.
The Compa y also a ou ces the g a t of 1,583,331 est icted sha e u its (“RSUs”) to di ecto s a d co sulta ts of the Compa y, pu sua t to the Compa y’s est icted sha e u it pla . 395,832 of the RSUs vest o Octobe 1, 2026, 395,832 vest o Ja ua y 1, 2027, 395,832 vest o Ap il 1, 2027 a d 395,835 vest o July 1, 2027. The RSUs expi e th ee yea s f om the date of g a t.
Clea Path is a p ivate, I dige ous-majo ity-ow ed e tity fo med by Pasqua Fi st Natio , Apei o Resou ces Ltd., a d Hillc est. Its focus is the comme cializatio of ZVS powe co ve sio p oducts i Ca ada. The pa t e ship pai s Hillc est’s p op ieta y ZVS tech ology with Pasqua Fi st Natio ‘s commu ity leade ship a d Apei o ‘s t ack eco d delive i g busi ess oppo tu ities to I dige ous commu ities.
Hillc est E e gy Tech ologies Ltd. is a Ca adia clea tech ology compa y developi g adva ced powe co ve sio tech ologies a d digital co t ol systems fo ext-ge e atio e e gy applicatio s, i cludi g AI data ce te s, e e gy sto age, mic og ids, a d elect ic-vehicle powe t ai s. The Compa y’s p op ieta y Ze o Voltage Switchi g (ZVS) tech ology has bee i depe de tly validated at the facilities of global automotive OEMs a d Tie O e supplie s. Fo mo e i fo matio : https://hillc este e gy.tech/
Do Cu ie
Jamie L. Hogue
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Some of the stateme ts co tai ed i this ews elease a e fo wa d-looki g stateme ts a d i fo matio withi the mea i g of applicable secu ities laws. Fo wa d-looki g stateme ts a d i fo matio ca be ide tified by the use of wo ds such as “expects,” “i te ds,” “is expected,” “pote tial,” “suggests” o va iatio s of such wo ds o ph ases, o stateme ts that ce tai actio s, eve ts o esults “may,” “could,” “should,” “would,” “might” o “will” be take , occu o be achieved. This fo wa d-looki g i fo matio is p ovided as of the date of this ews elease. The fo wa d-looki g i fo matio eflects ou cu e t expectatio s a d assumptio s a d is subject to a umbe of k ow a d u k ow isks, u ce tai ties a d othe facto s, which may cause actual esults, pe fo ma ce o achieveme ts to be mate ially diffe e t f om a y a ticipated futu e esults, pe fo ma ce o expectatio s exp essed o implied by the fo wa d-looki g i fo matio . No assu a ce ca be give that these assumptio s will p ove co ect. Fo wa d-looki g stateme ts a e subject to a va iety of isks a d u ce tai ties which could cause actual eve ts o esults to diffe f om those eflected i the fo wa d-looki g stateme ts, i cludi g, without limitatio : isks elated to eceivi g all egulato y app ovals; isks elated to failu e to obtai adequate fi a ci g o a timely basis a d o acceptable te ms; political a d egulato y isks; isks elated to the mai te a ce of stock excha ge listi gs; a d othe isks a d u ce tai ties elated to the Compa y’s busi ess detailed elsewhe e i the Compa y’s disclosu e eco d. Additio al i fo matio o these a d othe isk facto s ca be fou d i the Compa y’s co ti uous disclosu e docume ts available u de its p ofile o SEDAR+ at www.seda plus.ca. Acco di gly, eade s should ot place u due elia ce o fo wa d-looki g stateme ts. The Compa y u de takes o obligatio to update publicly o othe wise evise a y fo wa d-looki g stateme ts, except as may be equi ed by law.
