Mr. Jason Veenstra reports

NORTH AMERICAN CONSTRUCTION GROUP LTD. ANNOUNCES CREDIT FACILITY EXTENSION

North American Construction Group Ltd. has finalized an extension and amendment of its senior secured credit facility. The maturity date has been extended by one year to Oct. 3, 2027. In addition to the extension, the capacity has been increased to provide greater flexibility in operating the company's Australian and Canadian businesses.

"We would like to take this opportunity to once again thank National Bank Financial and our syndicate partners for their ongoing support," Jason Veenstra, chief financial officer stated. "It is encouraging to have all existing members extend. This low-cost facility is the foundation of our debt financing and provides the liquidity and term needed for our business."

The credit facility provides lending capacity of $525-million (from $475-million) through Canadian and Australia dollar tranches and allows for an additional $400-million of secured equipment financing from third party providers (from $350-million). The facility comprises a revolver with no scheduled repayments and is not governed by a borrowing base that limits available borrowings. Financial covenants are tested quarterly on a trailing four quarter basis and are generally consistent with the previous agreement except for the fixed charge ratio being replaced with an interest coverage ratio.

About North American Construction Group Ltd.

North American Construction is one of Canada and Australia's largest providers of heavy construction and mining services. For over 70 years, North American Construction has provided services to mining, resource, and infrastructure construction markets.

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