Mr. Josh Wardell reports

STRACON GROUP HOLDING INC. ANNOUNCES FILING OF PRELIMINARY BASE PREP PROSPECTUS IN CONNECTION WITH PROPOSED INITIAL PUBLIC OFFERING

Stracon Group Holding Inc. has filed a preliminary base PREP prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of common shares of the company.

The offering is expected to consist of a primary offering issued from treasury by the company and a secondary offering. The number of common shares to be offered and the offering price per share under the offering have not yet been determined.

The offering is being made through a syndicate of underwriters led by Bank of Nova Scotia and National Bank Capital Markets, acting as joint bookrunners. Legal counsel to the company is McCarthy Tetrault LLP. Legal counsel to the underwriters is Blake, Cassels & Graydon LLP.

The preliminary prospectus contains important information relating to the company and the common shares. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Scotiabank, 40 Temperance St., Toronto, Ont., M5H 0B4, or National Bank Capital Markets, 130 King St. W, Suite 3200, Toronto, Ont., M5X 1J9. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final base PREP prospectus has been issued.

The primary offering of common shares issued from treasury has not been and will not be registered with the Peruvian Superintendency of the Securities Market (SMV) or the Lima Stock Exchange (LSX) and will not be offered to the general public in Peru. Concurrently with the offering, the selling shareholders intend to sell a portion of the common shares being distributed pursuant to the offering through an offer-for-sale (oferta publica de venta) on the LSX using its centralized trading system, which constitutes a secondary sale exempt from SMV registration under Peruvian law. Participation in the Peruvian secondary offering will be limited to institutional investors as defined under Peruvian regulations.

The common shares may not be offered or sold, directly or indirectly, in Chile or to any resident of Chile except as permitted by applicable Chilean law and in reliance on available exemptions from registration under the Chilean Financial Market Commission.

About Stracon Group Holding Inc.

Stracon is an integrated, engineering-led and technology-enabled mining infrastructure and services group operating across the Americas. Headquartered in Toronto, Canada, Stracon provides end-to-end solutions across the mining life cycle, including engineering and technology solutions, industrial services, equipment and support services, and infrastructure development and ownership. The company partners with leading global mining operators to design, build, operate and maintain critical infrastructure that supports safe, efficient and sustainable mining operations.

We seek Safe Harbor.