Mr. Murray Mullen reports

MULLEN GROUP LTD. CLOSES ACQUISITION OF CONTAINERWORLD FORWARDING SERVICES INC.

Mullen Group Ltd. has closed the previously announced acquisition of ContainerWorld Forwarding Services Inc. and its operating subsidiaries, effective May 1, 2024. Richmond, B.C.-based ContainerWorld, a well-established and reputable company founded in 1993, is a Canadian logistics company that offers integrated supply chain solutions to the alcoholic beverage and hospitality industries. ContainerWorld will operate as an independent, wholly owned subsidiary of Mullen Group.

About Mullen Group Ltd.

Mullen Group is one of Canada's largest logistics providers. Its network of independently operated businesses provide a wide range of service offerings, including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third party logistics and specialized hauling transportation. In addition, it provides a diverse set of specialized services related to the energy, mining, forestry and construction industries in Western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services, and strategic planning to its independent businesses.