Hillcrest Energy Technologies Ltd. announced that upon conclusion of this year's Annual General Meeting, Michael Krzus stepped down as Executive Chair of company and the Board elected David Farrell to serve as the incoming Chair. Mr. Krzus has redomiciled to Perth, Australia, and believes the person holding the Chair position should be located closer to the Company, in a more accessible time zone. As stated above, Mr. Krzus remains a member of the Board and will provide management consulting services to the Company going forward.

Mr. Farrell, who has served on the Hillcrest Board for the past year, offers more than 25 years of corporate and investment banking experience.