TERRAVEST ANNOUNCES THE ACQUISITION OF SUPERIOR PRESSURE VESSELS INC.

About this update from Terravest Industries, Inc.

TORONTO, July 2, 2026 /CNW/ - TerraVest Industries Inc. (TSX: TVK) ("TerraVest") is pleased to announce that it has acquired Superior Pressure Vessels Inc. ("SPV" or the "Company"), an Alberta-based manufacturer, and service provider, of pressurized transport tanks and trailers. Headquartered in Calgary, Alberta, SPV is a well-known manufacturer of pressurized tank trailers serving the Canadian market. The Company has a loyal brand following, a reputation for quality and has been in business for over 45 years. Dustin Haw, Chief Executive Officer of TerraVest, welcomes the employees of SPV and looks forward to their continuing commitment to the business and its customers. "SPV further enhances our manufacturing capabilities and competitiveness in our Compressed Gas Equipment division. I would like to welcome the owner of SPV, Byron Dyck, and all the employees of SPV to TerraVest." said Mr. Haw. TerraVest utilized its existing credit facility to fund the acquisition of SPV. Caution Regarding Forward-Looking Statements This news release contains forward-looking statements. All statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, statements regarding our strategic direction and evaluation of the business segments and TerraVest as a whole, and other plans and objectives of or involving TerraVest. Readers can identify many of these statements by looking for words such as "expects" and "will" or similar terms or variations of these words. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. By their nature, forward-looking statements require us to make assumptions and, accordingly, forward looking statements are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. We caution readers of this news release not to place undue reliance on our forward-looking statements because a number of factors may cause actual future circumstances, results, conditions, actions or events to differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements and the assumptions underlying the forward-looking statements. Assumpt...

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