Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP ANNOUNCES $5.0 MILLION BOUGHT DEAL OFFERING OF UNITS

Enterprise Group Inc. has entered into an agreement with Acumen Capital Finance Partners Ltd., pursuant to which the underwriter has agreed to purchase, on a bought deal basis, 5,882,350 units of Enterprise at a price of 85 cents per unit for gross proceeds to the company of approximately $5-million.

Each unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one additional common share for a period of 24 months following the closing of the offering at an exercise price of 95 cents per warrant share, subject to adjustment in certain events.

The company intends to use the net proceeds of the offering to expand its fleet of rental equipment (with an emphasis on low-emission mobile power systems) and for general corporate purposes.

Closing of the offering is expected to be on or about March 12, 2024, 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 and the applicable securities regulatory authorities.

The units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, to purchasers in British Columbia, Alberta, Saskatchewan, Ontario and Quebec and in the United States to qualified institutional buyers on a private offering basis pursuant to an exemption under Rule 144A or such other manner as to not require registration under the U.S. Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or similar document is required to be filed in such jurisdictions. The units will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document relating to the offering that can be accessed under the company's SEDAR+ profile. Prospective investors should read the offering document before making an investment decision.

About Enterprise Group Inc.

Enterprise Group is a consolidator of services -- including specialized equipment rental to the energy/resource sector. The company works with particular emphasis on systems and technologies that mitigate reduce or eliminate CO2 (carbon dioxide) and greenhouse gas emissions for itself and its clients. The company is well known to local Tier 1 and international resource companies with operations in Western Canada.

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