Ms. Emma Covenden reports

BLACK DIAMOND ANNOUNCES $36.85 MILLION BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES

Black Diamond Group Ltd. has entered into an agreement with Raymond James Ltd. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 4.05 million common shares of the company at a price of $9.10 per common share for aggregate gross proceeds to the company of $36,855,000.

The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 15 per cent in common shares at the issue price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the offering.

The net proceeds from the offering will be used for capital expenditures, potential strategic acquisitions, organic growth initiatives, reduction of indebtedness, working capital and general corporate purposes.

The common shares will be offered by way of a short form prospectus to be filed in each of the provinces of Canada, except Quebec, by way of a private placement in the United States, and in those jurisdictions outside of Canada and the United States which are agreed to by the company and the underwriters, where the common shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The offering is expected to close on or about July 16, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

About Black Diamond Group Ltd.

Black Diamond is a specialty rental and industrial service company with two operating business units: modular space solutions and work force solutions. It operates in Canada, the United States and Australia.

MSS through its principal brands, Boxx Modular, CLM, MPA Systems and Schiavi, owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial and government sectors.

WFS, through its principal brands, owns a large rental fleet of modular accommodation assets of various types. Its regional operating terminals rent, sell, service and provide ancillary products and services, including turnkey operated camps, to a wide array of customers in the resource, infrastructure, construction, disaster recovery and education sectors.

In addition, WFS includes LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel and logistics in North America. The LodgeLink proprietary digital platform enables customers to efficiently find, book and manage their crew travel and accommodation needs through a rapidly growing network of hotel, remote lodge and travel partners. LodgeLink exists to solve the unique challenges associated with crew travel and applies technology to eliminate inefficiencies at every step of the crew travel process from booking, to management, to payments, to cost reporting.

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