Mr. Paul Bissett reports

ELEVATE SERVICE GROUP PROVIDES CORPORATE UPDATES AND CONFIRMS ACQUISITION TIMELINE

Elevate Service Group Inc. has provided a series of corporate updates.

Acquisitions update

Elevate is pleased to confirm that the proposed acquisitions of a security solutions provider announced on Nov. 19, 2025, and an electrical services business announced on Nov. 26, 2025, remain on track for completion in January, 2026. The company continues to advance integration planning activities in preparation for closing.

CFO transition

Elevate announces the appointment of Frank Guo as interim chief financial officer of the company following the departure of Harjit Brar, effective Jan. 5, 2026. Mr. Guo is an accomplished financial executive with over a decade of experience leading accounting and finance functions for public and private companies. He holds an MBA from the Ivey School of Business, is a chartered professional accountant (CPA) and is a CFA charterholder.

Paul Bissett, chief executive officer, commented: "We are pleased to welcome Mr. Guo to Elevate, bringing significant financial leadership and capital markets expertise to the team. We thank Mr. Brar for his service and contributions, particularly his role in leading the company's financial reporting, audit readiness and transition to public company status in connection with the qualifying transaction."

Mr. Brar has also resigned from the board of directors of Elevate effective Jan. 5, 2026.

Insider ownership update

Since Dec. 2, 2025, directors and officers of the company have collectively purchased 77,800 common shares of Elevate in the open market in accordance with applicable securities laws, demonstrating confidence in the company's strategy and long-term prospects. Directors, officers and other insiders collectively own 16,639,800 common shares representing 49.5 per cent of total common shares outstanding. All common shares held by directors, officers and other insiders are subject to voluntary lock-ups and/or escrow provisions under the policies of the TSX Venture Exchange, extending up to 18 months from the qualifying transaction completed on Nov. 10, 2025.

Appointment of market-maker

Elevate also announces that it intends to enter into a market-making services agreement with DS Market Solutions Inc. (DSMS) to enhance trading liquidity. Under the agreement, DSMS will provide market-making services on behalf of the company during the term of the agreement. In consideration for providing the market-making services, the company will pay to DSMS a monthly fee of $5,000 during the term of the agreement. DSMS does not own, directly or indirectly, any interest in or common shares of the company or have any right, directly or indirectly, to acquire any interest in or common shares of the company. The initial term of the agreement is one month, subject to monthly renewal at Elevate's option. The agreement remains subject to approval from the TSX Venture Exchange.

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 experience as a trusted partner for national, blue-chip customers. Elevate's strategy is to integrate a portfolio of profitable operating businesses across a scalable, national platform with shared infrastructure, technology integration and operational synergies. The result is superior customer outcomes, more comprehensive services and expanded market reach. Elevate trades on the TSX Venture Exchange under the ticker SERV.

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