Terracon Announces the Retirement of Lee Nichols as CEO

Lee started the organization in 1983 and alongside his colleagues, has built Terracon into a well respected geotechnical services firm serving clients and projects across Western Canada, including a number of international projects. Lee was instrumental in helping his clients during the early years of oil sands development and is a passionate advocate for responsible resource and infrastructure development, and has worked tirelessly for stronger and more innovative health and safety protocols in the industry. His passion culminated with being honoured in 2013 with the Work Safe Alberta Occupational Health and Safety Individual Achievement Award.

While Lee continues in his role as Chairman of the Board of Directors, the Senior Management Team will continue to lead the organization as a group. An Executive Leadership Committee has been established to liaise with the Board and will consist of Jake Rubenstein (Chief Operating Officer), Shaun Gawryliuk (Chief Financial Officer), and Julie Falls (Chief People Officer).

Lee states, "On a personal note, next year on May 31, 2023, I will be celebrating 60 years of continuous professional service in the practical application of earth sciences to the resource and infrastructure sectors. The most memorable attributes of my 60-year career have been the collection of personal relationships, friendships, and partnerships. Thank you for your friendship, collaborative advice and many contributions accumulated over these many years. I look forward to many more in my guidance role."

2023 will also mark Terracon’s 40th year in business. Our success over the years has only been through the hard work, creativity, and resiliency of our people, who share common values of Safety, Integrity, Teamwork, and Entrepreneurism. Our SITE values have truly guided the organization over the last 40 years and are built into everything we do. We look forward to celebrating our 40th anniversary this year, and continuing to support responsible resource and infrastructure development across Western Canada.

Mr. Roland Tosney and Mr. Lane Maxemiuk join Terracon as Senior Mining Geotechnical Engineers

Terracon Geotechnique Ltd., a Western Canadian based, employee-owned geotechnical and geoscience consulting firm, entering its 40^th year of operation, is pleased to announce that Mr. Roland Tosney and Mr. Lane Maxemiuk have joined Terracon as Senior Mining Geotechnical Engineers. Further, we are pleased to invite them into the Terracon ownership group as key leaders in our business.

Roland and Lane will continue to operate out of Saskatoon, SK serving their current and expanding client base. Terracon continues to expand its service offerings across Saskatchewan and Western Canada and is excited about the opportunities to integrate additional mining geotechnical services with our current suite of services which include laboratory, geotechnical engineering, geological and construction quality assurance services.

Lane has over 25 years experience in the mining and resource sectors. He graduated from the University of Saskatchewan with a Bachelor of Engineering. He has extensive experience in underground and surface geotechnical assessments, geotechnical analysis, design, and construction, and regularly provides technical and executive guidance to his clients. He has managed a variety of mining and resource sector projects at the exploration, development, construction, operation, and closure stages.

Roland has over 25 years of experience in the mining and resource sectors. He graduated from the University of Saskatchewan with a Bachelor of Engineering (Geological) and a Masters of Science (Mining Geotechnical Engineering). He has extensive experience in both surface and underground geotechnical assessments, geo-design, geo-construction, and regularly provides technical and executive guidance to many of his clients. He serves as a Qualified Person for securities exchange filings, preliminary assessments, pre-feasibility and feasibility studies. Roland’s clients routinely engage him in permitting and regulatory compliance, and he has managed a variety of mining and resource sector projects at the exploration, development, construction, operation, and closure stages.

Roland and Lane have previously operated under North Rock Mining Solutions Inc., and effective January 3, 2023, will now provide all their services through Terracon Geotechnique Ltd. Roland and Lane will work closely with all their clients to ensure a smooth transition to contracting their services through Terracon.

Terracon is an employee-owned geotechnical engineering business that has been serving resource, industrial and infrastructure-based projects across Western Canada since 1983. We are a diverse business that specializes in geotechnical engineering, geoscience advisory and field services, materials testing, construction monitoring, drill rig monitoring, and instrumentation installation and monitoring. We have significant operations in Fort McMurray, Calgary, Edmonton, and northern BC can mobilize teams and field operations quickly to projects across Western Canada.

We are all excited to work together and bringing our collective capabilities to our clients and helping them responsibly design, construct and maintain their projects.

For further information, please contact:

Mr. Lee Nichols, Chief Executive Officer lee.nichols@terracon.ca

Mr. Jake Rubenstein, Chief Operating Officer jrubenstein@terracon.ca

Terracon Recognizes September 30th as a National Day for Truth & Reconciliation

September 30th, 2022 marks the second annual National Day for Truth & Reconciliation. It honours the Indigenous children who never came home as well as the survivors of residential schools, their families and communities.

We encourage all our employees to take the time to reflect on the importance of this day. On our own path of reconciliation, we are committed to creating meaningful relationships with the Indigenous communities in which we work. We continue to support and participate in local events to build our individual and collective awareness of Indigenous cultures, values and traditions. We are working to support education of Indigenous youth through scholarships.

At the same time, we are investing significant resources to promote the values of diversity, inclusion and equality within our business as we recognize that education is not only fundamental to a respectful workplace, but also critical towards reconciliation, and avoiding the mistakes of the past.

The National Centre for Truth & Reconciliation quotes The Honourable Murray Sinclair who said, "Education is what got us into this mess, and education will get us out."

Emmett Horne (1943 – 2022)

We are saddened to announce the passing of a dear friend and former Terracon colleague, Emmett Horne, on July 12, 2022 at the age of 78.

As a founding member of Terracon and Chief Geologist, Emmett's career spanned 50 years, 29 of them with Terracon. Emmett was a major contributor to Terracon's early success in the earth sciences field, particularly as a geological consultant working with clients to fully understand and responsibly develop their resources. He was particularly passionate about developing oil sand models and geophysical and core logging protocols for the characterization and description of oil sand commercial reserves. His historical and scientific knowledge of the Alberta oil sands was highly sought after by clients and was a tremendous asset to their resource development. Throughout his career, Emmett has been an integral part of Terracon's leadership team, and always led by example by demonstrating his patience and professionalism, or just by spending countless days in the field working with our younger staff and clients.

Even into his retirement in 2014, he always enjoyed reconnecting with staff and former industry colleagues. He was both an ardent supporter of the environment and the responsible development of our resources, and in 2017, Emmett was awarded CIM's Award of Distinction in honour of his significant contributions to the industry over the years. Emmett's enthusiasm and entrepreneurial spirit had a tremendous impact on so many people. We express our deepest sympathy to his family and all that knew him. He will be truly missed by all.

Terracon Celebrates 2 Million Hours Worked Without a Lost-Time Injury

We are proud to announce that together we've reached a momentous milestone and an international benchmark for safe work performance - 2 million hours worked without a lost-time injury! Simply put, this means that since early 2016, Terracon had no work-related incidents that resulted in a worker being unable to return to work! It's a remarkable achievement and is the direct result of every employee's personal commitment to health and safety. We are extremely proud of the safety culture that we have all built together.

We'd also like to thank our clients and subcontractors who have also played a significant role in this achievement. They partner with us each day to make the commitment to working safely, while also challenging us to be better.

We sincerely appreciate everyone's effort and commitment to the values that keep us safe on the job as well as at home. Please take time to celebrate this significant achievement and everyone's personal and direct contributions to our collective success. And while we celebrate this milestone, we remain vigilant at every moment of our jobs and continue to put the safety and well being of ourselves and our colleagues at the forefront of everything we do at Terracon and at home.