Mr. John LaGourgue reports

VICINITY MOTOR CORP. SECURES VMC 1200 DISTRIBUTION AGREEMENT WITH RJAMES VICINITY TRUCK IN BRITISH COLUMBIA, CANADA

Vicinity Motor Corp. has signed a new distribution agreement with RJames Management Group Ltd. to launch RJames Vicinity Truck, a new Vicinity dealership in British Columbia.

RJames Management spun off from a family dealership selling heavy trucks to form a leading, full-service commercial truck dealer group. RJames Management also represents Western Star, Freightliner and AutoCar through its six locations across Western Canada.

With the opening of RJames Vicinity Truck, RJames Management will expand its well-established commercial truck business into the critical last-mile Class 3 electric truck segment. Per the terms of the agreement, RJames Vicinity Truck will distribute Vicinity VMC 1200 vehicles throughout the regions of Kamloops and Kelowna in British Columbia, Canada.

Brent Phillips, president of Vicinity Motor, stated: "We are very fortunate to partner with Rob and his team as Vicinity continues its focus to onboard the best dealer candidates -- with the help of our partners at DSMA -- leveraging our established reputation of trust and excellent customer service. Having spent time with Rob and his team, we couldn't be more pleased by the professionalism and enthusiasm they bring to the Vicinity dealer family. The VMC 1200 affords RJames a fresh opportunity to serve their clients in an entirely new segment of the market: Class 3 and commercial electric trucks."

Rob James, founder of RJames Management Group, added: "We are excited to partner with Vicinity to bring the best Class 3 commercial truck to the market. This creates a significant opportunity enabling our team to serve established customers as they begin transition to electric truck operations. The VMC 1200 makes a highly compelling business case for electrification in real-world operation and is an attractive solution to commercial fleet buyers. My team and I expect excellent market response and a solid base of business as we work with Vicinity to pioneer adoption of commercial electric trucks."

Mr. Phillips concluded: "Rob is a great operator who leads his team by example and it shows. We will begin delivery of trucks this week and his team is already set to display and demo at a local trade show. The team is fired up and already well prepared to address the market aggressively. Again, I would like to thank Rob and the entire RJames Group as we look forward to a bright future together."

About Vicinity Motor Corp.

Vicinity Motor is a North American supplier of electric vehicles for both public and commercial enterprise use. The company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG (compressed natural gas), as well as clean-diesel Vicinity buses and the VMC 1200 electric truck to the transit and industrial markets.

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