Mr. Paul Bissett reports

ELEVATE SERVICE GROUP ANNOUNCES UPSIZE OF BOUGHT DEAL PRIVATE PLACEMENT TO $10 MILLION

Elevate Service Group Inc. will upsize its previously announced bought deal private placement. Under the amended terms, the company will issue 5,264,000 common shares in the capital of the company at a price of $1.90 per common share for aggregate gross proceeds to the company of $10,001,600. Beacon Securities Ltd. is acting as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Raymond James Ltd. in connection with the offering.

The offering is expected to strengthen Elevate's balance sheet and provide additional capital to support the company's acquisition pipeline, organic growth initiatives, working capital requirements, and broader strategy of consolidating the fragmented facilities management and essential commercial services sector.

The offering is expected to close on or about July 16, 2026, and is subject to certain conditions of closing, including the company receiving all necessary regulatory approvals, including, without limitation, the conditional approval of the TSX Venture Exchange.

The securities issued pursuant to the offering will be subject to a statutory hold period of four months from the closing date in accordance with Canadian securities laws.

About Elevate Service Group Inc.

Elevate is a national facilities management and essential commercial services platform focused on consolidating and modernizing this fragmented sector. Through its operating companies, Elevate brings over 20 years of experience as a trusted partner to national, blue-chip customers. Elevate's strategy is to integrate a portfolio of profitable operating businesses across a scalable, national platform supported by shared infrastructure, technology and operational best practices. This approach drives efficiencies, expands service offerings and enhances customer outcomes while extending Elevate's geographic reach. Elevate trades on the TSX Venture Exchange under the ticker SERV.

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