Mr. Gary Alves reports

URBAN INFRASTRUCTURE GROUP INC. BEGINS WORK ON 72+ NEW RESIDENTIAL UNITS IN OAKVILLE, ONTARIO

Urban Infrastructure Group Inc. has commenced work on an additional residential development consisting of more than 72 new housing units in Oakville, Ont.

The newly awarded contract is part of a continuing multiphase master-planned residential community that Urban Infrastructure has been actively supporting. Valued at approximately $750,000, construction commenced in July, 2026, and is expected to be completed within approximately six months.

Gary Alves, chief executive officer of Urban Infrastructure, commented: "The newly announced Ontario HST rebate for new homes is now in effect, providing significantly greater tax relief for eligible homebuyers. This important measure is intended to improve housing affordability and stimulate new home construction, helping to accelerate the recovery of the residential development sector. Combined with the City of Toronto's recent reduction of development charges by up to 60 per cent and similar initiatives being considered or implemented by municipalities across Ontario, these actions send a strong signal of support for increasing housing supply and encouraging new residential investment. We believe these measures will have a positive impact on the Greater Toronto Area housing market, and we are encouraged by the early signs of renewed activity in the new home building sector."

About Urban Infrastructure Group Inc.

Urban Infrastructure is a concrete and drainage infrastructure construction group engaged in the earliest stage of the construction process, known as Stage One. Urban Infrastructure Group specializes in large-scale, master-planned residential communities, and works with partners and customers involved in residential development projects in Ontario.

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