Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP ANNOUNCES AGREEMENT TO EXPAND AND FURTHER DEVELOP ITS BUSINESS IN COLLABORATION WITH TREATY 8 FIRST NATION AND ITS ECONOMIC DEVELOPMENT ENTITY

Enterprise Group Inc. has entered a memorandum of understanding (MOU) outlining a business relationship within the Treaty 8 Territory.

Evolution Power Projects Inc. (hereinafter referred to as company), a wholly owned subsidiary of Enterprise, a leading provider of mobile low emission power solutions, and associated site infrastructure, and an economic development company (hereinafter referred to as development company), a subsidiary of a prominent Treaty 8 First Nation, have entered into an MOU to collaborate on various projects and opportunities within the Treaty 8 Territory.

The development company is focused on creating economic benefits in balance with the nation's traditional practices, culture and commitment to environmental stewardship. Evolution Power Projects is emerging as the leader in off grid remote power generation in British Columbia and Alberta, providing oil and gas well site electrification amongst major producers. The shared environmental directive and commitment to technological advancement, emission reduction, fossil fuel alternatives and industry progress make this strategic partnership an opportunity for great advancement and success.

This first nation, and by extension the development company, possess a rich history and profound connection to their land, they are dedicated to protecting the environment and fostering sustainable practices. The leadership of the development company stands as a testament to indigenous entrepreneurship and the power of aligning economic activities with cultural and environmental values.

The MOU, effective as of April 1, 2024, outlines the intentions and understanding between the two parties to work together in the pursuit of business opportunities and the provision of services. Operating in the natural gas rich areas atop the Montney formation, Enterprise Group continues to expand and pursue opportunities in northeastern British Columbia and northwestern Alberta, where economic activity is plentiful. Partnerships and strategic alliances, like this one, play a vital role in the company's expansion plan. It is its intention to create value for local communities, partners and shareholders alike.

"This partnership marks an important step towards fostering collaboration and economic development within the Treaty 8 Territory," said Heather Johnston, president of Evolution Power Projects. "We are excited to combine our expertise with the first nation's local insights to deliver innovative solutions and create shared value for our clients and communities."

Ms. Johnston adds, "We are proud that the development company has selected our team to work alongside and recognizes that Evolution is a leading provider of low emission electrification systems providing customers with solutions and technology to assist with achieving ESG targets throughout their territory."

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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