Mr. Dustin Haw reports

TERRAVEST INDUSTRIES INC. ANNOUNCES CLOSING OF UPSIZED BOUGHT DEAL OFFERING OF COMMON SHARES AND CONCURRENT CLOSING OF THE OVER-ALLOTMENT OPTION

TerraVest Industries Inc. has closed its previously announced bought deal treasury offering, including the concurrent closing of the exercise in full of the overallotment option granted to a syndicate of underwriters, with National Bank Financial Markets, Canaccord Genuity and Desjardins Capital Markets acting as co-bookrunners. Pursuant to the offering, the company issued an aggregate 2,001,000 common shares at a price of $160.30 per share for gross proceeds of $320,760,300. The gross proceeds include 261,000 shares issued at the same offer price for gross proceeds of $41,838,300 on the exercise in full of the overallotment option granted to the underwriters.

The net proceeds from the offering will be initially allocated toward repaying existing debt and supporting general corporate activities, until required for future acquisitions or growth opportunities.

About TerraVest Industries Inc.

TerraVest is a diversified industrial company that manufactures and sells goods and services to a variety of end-markets. The company is a market-leading manufacturer of home-heating products, propane, anhydrous ammonia (NH3) and natural gas liquids (NGL) transport vehicles and storage vessels, energy processing equipment, and fibreglass storage tanks. TerraVest is focused on acquiring and operating market-leading businesses that will benefit from TerraVest's financial and operational support.

We seek Safe Harbor.