Mr. Paul Bissett reports

ELEVATE SERVICE GROUP ANNOUNCES $7 MILLION BOUGHT DEAL PRIVATE PLACEMENT TO ACCELERATE NATIONAL FACILITIES MANAGEMENT CONSOLIDATION STRATEGY

Elevate Service Group Inc. has entered into an agreement with Beacon Securities Ltd. to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, in connection with a bought deal private placement of 3,685,000 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 $7,001,500.

In addition, the company has granted the underwriters an option exercisable, in whole or in part, at any time up to 48 hours prior to the closing date (as defined herein) to purchase up to an additional 552,750 common shares at the issue price for additional gross proceeds of up to $1,050,225.

The common shares to be issued under the offering will be offered pursuant to accredited investors in each of the provinces of Canada and to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed to by the company and Beacon. The common shares may also be offered in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation of the company arises in such other jurisdiction.

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 service sector.

"This financing represents an important milestone for Elevate as we continue to build a scalable national platform in a large and fragmented market," said Paul Bissett, chief executive officer of Elevate. "With a growing base of blue-chip customers, a proven operating platform and a disciplined acquisition strategy, we believe Elevate is well positioned to continue expanding its service capabilities, geographic reach and long-term shareholder value."

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.

The company has agreed to pay the underwriters a cash commission of 6.0 per cent of the gross proceeds raised under the offering (reduced on certain orders) and issue to the underwriters such number of compensation options, equal to 6.0 per cent of the number of common shares sold pursuant to the offering (reduced on certain orders). Each compensation option shall entitle the holder thereof to acquire one common share of the company at the issue price for a period of 24 months from the closing date.

About Elevate Service Group Inc.

Elevate is a national facility management and essential commercial service 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.

We seek Safe Harbor.