Mr. Josh Wardell reports

STRACON GROUP HOLDING INC. FILES NEW PRELIMINARY BASE PREP PROSPECTUS FOR INITIAL PUBLIC OFFERING OF COMMON SHARES

Stracon Group Holding Inc. has filed with the securities regulatory authorities in each of the provinces and territories of Canada a preliminary base PREP prospectus in connection with the proposed initial public offering and secondary offering of common shares of the company.

As disclosed in the preliminary prospectus, the offering is expected to be at a price of between $7.80 and $9.10 per common share for aggregate gross proceeds of $100-million (or $115-million if the overallotment option (as defined below) is exercised in full). The final offering price may be higher or lower than this range. The offering is expected to consist of: (i) a treasury offering by the company; and (ii) a secondary offering by Stephen Dixon and America Infrastructure Partners SAS as selling shareholders. The number of common shares to be sold by either the company or the selling shareholders, or in total, has not yet been set. The company will not receive any proceeds from the secondary offering of common shares by the selling shareholders.

The preliminary prospectus provides for an overallotment option to be granted to the underwriters by the company and/or the selling shareholders, exercisable at the underwriters' discretion, in whole or in part, at any time and from time to time for a period of 30 days following the closing of the offering, to purchase at the offering price common shares, representing up to an additional 15 per cent of the common shares sold under the offering solely to cover overallocations, if any. The company will not receive any of the proceeds from the sale of any overallotment shares by the selling shareholders.

The offering is being made through a syndicate of underwriters composed of Raymond James Ltd., National Bank of Canada Capital Markets and Scotiabank, acting as joint lead bookrunners, and Banco BTG Pactual SA -- Cayman branch -- acting as joint bookrunner. BTG is not registered to sell securities in any Canadian jurisdiction and, accordingly, will only sell common shares outside of Canada.

The preliminary prospectus contains important information relating to the company and the common shares, and has not yet become final for the purpose of the distribution of securities to the public. Copies of the preliminary prospectus are available under the company's profile on SEDAR+. An electronic or paper copy of the preliminary prospectus and any amendment may be obtained, without charge, from Raymond James, Scotia Plaza, 40 King St. West, Suite 5300, Toronto, Ont., M5H 3Y2, National Bank Financial, 130 King St. West, Suite 3200, Toronto, Ont., M5X 1J9, or Scotia Capital, 40 Temperance St., Toronto, Ont., M5H 0B4. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final base PREP prospectus has been issued.

About Stracon Group Holding Inc.

Stracon is an engineering-led mining infrastructure and industrial solution platform focused on the origination, development, construction and operation of mission-critical assets for the mining sector across the Americas. Headquartered in Toronto, Canada, Stracon provides end-to-end solutions across the mining life cycle, including engineering and technology solutions, industrial services, equipment and support services, and infrastructure development and ownership. The company partners with leading global mining operators to design, build, operate and maintain critical infrastructure that supports safe, efficient and sustainable mining operations.

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