Final Closing of Financing

by Team HPQ

MONTREAL, Canada — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in green engineering processes for silica and silicon material production is pleased to inform shareholders that it closed its Non-Brokered Private placement financing announced on October 16, 2023.

In addition to the 1,225,500 units as announced on November 16, 2023, the company announces the closing of additional 981,818 units at a price of $ 0.275 per unit for a gross proceed of $ 269,999.94, bringing the total amount raised at $ 607,012.44 and the total number of units issued at 2,207,318.

“Successfully raising more than $ 600,000 at a premium of almost 9% to market, in these less-than-ideal market conditions, is another demonstration of the interest in the HPQ value proposition,” said Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.30 for a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month and one (1) day holding period from the date of closing of the placement.

In connection with the placement, Stephen Avenues Securities Inc. of Toronto, Ontario, received a cash commission equal to $ 9,075 and the Company issued to them 33,000 broker warrants, and Research Capital of Toronto, Ontario received a cash commission equal to $ 1,500 and the Company issued to them 5,454 broker warrants.

Each Broker Warrant will entitle the Broker to acquire one common share of the company at a price of $0.30 per share for a period of 24 months following the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. With the support of world-class technology partners PyroGenesis Canada and NOVACIUM SAS, the company is developing new green processes crucial to make the critical materials needed to reach net zero emissions.