HLT Energies Inc.
TSX VENTURE : HES

HLT Energies Inc.

March 13, 2008 09:12 ET

HLT Energies Inc. Announces the Closing of a Private Placement, the Renegotiation of the Terms of Payment of the Balance for the Acquisition of the European Subsidiary...

...and the Resignation of a Member of the Board of Directors

MONTREAL, QUEBEC--(Marketwire - March 13, 2008) -

Private Placement

HLT Energies Inc. ("HLT Energies") (TSX VENTURE:HES) is pleased to announce the closing Friday, March 7, 2008, of its previously announced private placement, subject to final approval of the TSX Venture Exchange. The private placement consists of 1,000,000 units at a price of $0.15 per unit for gross proceeds to HLT Energies of $150,000.

Each unit consists of one common share of HLT Energies and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one common share at an exercise price of $0.15, for a period of two years. The common shares and the common share purchase warrants comprising the units are subject to a four-month hold period expiring July 8, 2008.

Balance of Payment for the Acquisition of the European Subsidiary

March 6, 2008, HLT Energies renegotiated the terms for the payment of the balance of payment of the acquisition of its subsidiary HLT Europe (formerly the s.p.r.l. ITER), due since October 1, 2007. This balance of payment remaining, in the amount of $100,934, is now payable over a period of 15 months, beginning March 15, 2008, and bears interest at a rate of 5% per annum.

Resignation of a Member of the Board of Directors

The chairman of the board of directors would like to announce the resignation of Mr. Kurt Portmann, effective February 28, 2008. Mr. Portmann is a founding shareholder of HLT Energies and will continue to support the activities of the business.

About HLT Energies

HLT Energies is a producer, operator and distributor of renewable energy and renewable energy systems (wind, solar thermal and photovoltaic) in accordance with the principles of sustainable development. HLT Energies installs, operates, maintains and sells systems of renewable energy to industrial, commercial and institutional clients and also sells residential systems.

HLT has acquired an expertise in solar photovoltaic energy, as well as an expertise in the management of various sources of renewable energies, through its investment in Ekowatt s.a. and its acquisition of the F.I.M.E.S. intellectual property.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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