Vicinity Motor Corp. Provides Corporate Update and 2022 Financial Guidance - Seite 2

Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
[e-mail]

Investor Relations Contact:
Lucas Zimmerman or Mark Schwalenberg, CFA
MZ Group - MZ North America
949-259-4987
[e-mail]
www.mzgroup.us

Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding growth in our net sales and anticipated market conditions, anticipated revenues and other financial projections, expected vehicle deliveries, completion of its assembly facility in the State of Washington, the outcome of strategic contractual relationships and their public perception, and the price of our common shares over the period of time are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," and similar expressions, or statements that events, conditions, or results "will," "may," "could," or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Vicinity Motor's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity Motor operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity Motor's operational strategies, the timing of the completion of the vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, related government-imposed restrictions on operations or related impact on supply chain, the success of Vicinity Motor's strategic partnerships; and other risk and uncertainties disclosed in Vicinity Motor's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity Motor's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity Motor assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.