Mr. Robert Blackadar reports

BADGER ANNOUNCES CLOSING OF C$300 MILLION SENIOR UNSECURED NOTE OFFERING

Badger Infrastructure Solutions Ltd. has closed its previously announced private placement offering of $300-million aggregate principal amount of 5.375 per cent senior unsecured notes due May 14, 2031. The offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc. and TD Securities Inc., as joint bookrunners. Norton Rose Fulbright Canada LLP served as legal counsel to Badger in connection with the offering. Badger will use the net proceeds from the offering to repay indebtedness under its credit facilities, including its term facility.

"We are very pleased with the strong support from our new Canadian fixed income investors in our inaugural note offering. With this successful financing complete, Badger remains well positioned to continue its strategy of investing for growth while maintaining a strong balance sheet," said Rob Dawson, Badger's chief financial officer.

The notes were offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.

About Badger Infrastructure Solutions Ltd.

Badger Infrastructure Solutions is North America's largest provider of non-destructive excavation and related services, serving a broad customer base across a diverse range of construction, utility, transportation, industrial and other end-use markets. Badger's customers typically operate near high concentrations of underground power, communication, water, gas and sewer lines, where safety and economic risks are high and where non-destructive excavation provides a safe alternative for certain customer excavation requirements.

Badger's key system is the Badger Hydrovac, which uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum and deposited into a storage tank. Badger operates a vertically integrated business model, designing and manufacturing its Badger Hydrovac fleet at its facility in Red Deer, Alta., which has an annual production capacity of more than 350 units. This approach provides Badger with direct control over equipment specifications, fleet availability and life cycle management, supporting operational consistency across its Canadian and U.S. operations. To complement the Badger Hydrovac and expand Badger's service offerings, Badger has a select number of specialty units, mainly combo trucks, sewer and flusher units, dump trucks, rock slingers, and airvacs.

We seek Safe Harbor.