Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP ANNOUNCES NAME CHANGE TO EVOLUTION POWERX CORP.

Enterprise Group Inc. has changed its name to Evolution Powerx Corp. The name change was approved at the annual and special meeting of shareholders held on June 25, 2026.

It is anticipated that the company's common shares will commence trading on the Toronto Stock Exchange under the new name, Evolution Powerx Corp., effective as of the open of markets on Aug. 5, 2026. The common shares will continue to trade under the existing trading symbol E on TSX.

The proposed corporate name change to Evolution Powerx Corp. reflects the company's continuing strategic evolution and the changing composition of its business. In recent years, Enterprise has steadily expanded beyond its traditional energy service foundation, building a comprehensive power solution platform to service customers across the energy, industrial, commercial and emerging infrastructure sectors. Driven by increasing demand for reliable, low-emission distributed power generation, the company's power division is expected to contribute more than half of consolidated revenue during the current fiscal year while continuing to grow at a rate that exceeds its legacy site infrastructure business. The proposed name more accurately represents the company's business today and its long-term strategic direction.

Management believes the Evolution Powerx identity will provide greater clarity to customers, partners and the investment community by directly reflecting the company's focus on delivering innovative power generation solutions. As the company continues to expand its portfolio of mobile, semi-permanent and permanent power systems, the new corporate identity is intended to better align Enterprise's market positioning with its operating business and strategic growth objectives. The company also believes the change will facilitate a market classification that more accurately reflects its evolving business model and enable investors to evaluate Evolution Powerx alongside a broader group of distributed power and power solution companies whose operating characteristics more closely resemble those of the company today.

The Cusip number assigned to the company's common shares following the name change is 30055E100 (ISIN: CA30055E1007).

The name change does not affect the rights of the company's shareholders. There is no consolidation or division of capital associated with the name change. Shareholders will not be required to take any action in connection with the name change. Issued certificates or direct registration statements representing common shares will not be affected by the name change and will not need to be exchanged. The company encourages shareholders to contact their broker with any questions regarding the name change.

About Enterprise Group Inc.

Enterprise is a consolidator of services, including specialized natural gas power generation equipment to the energy/resource and industrial sectors. The company works with particular emphasis on systems and technologies that mitigate, reduce or eliminate carbon dioxide, greenhouse gas and other harmful emissions for itself and its clients. The company is known to local Tier 1 and international resource companies with operations in Western Canada.

We seek Safe Harbor.