Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP INC. ANNOUNCES CLOSING OF $6,000,000 PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

Enterprise Group Inc. has closed its previously announced private placement of 6-per-cent convertible unsecured subordinated debentures in the aggregate principal amount of approximately $6-million. Proceeds of the offering will be used to complete an acquisition.

The debentures have a two-year term, bear interest at the rate of 6 per cent per annum payable June 30, 2013, and quarterly thereafter, and are convertible into common shares of Enterprise at a price of 50 cents per share.

All securities issued in connection with the offering will be subject to a hold period of four months and one day from closing.

In conjunction with the closing of the offering, Enterprise entered into an advisory agreement with the manager of Difference Capital Funding Inc. Enterprise is very excited about working with Difference Capital and looks forward to its support and building a long-term relationship as it builds the company to a be leader in the infrastructure build-out industry in Canada.

Further to the press release of Feb. 28, 2013, announcing the company has entered into a letter of intent to purchase the shares of a specialized underground infrastructure construction company, the vendor has requested that Enterprise extend the close to June 14, 2013, with a provision to close at an earlier date if agreed upon by the vendor and the company.

We seek Safe Harbor.