Urban Infrastructure Group Inc. Begins Work on 72+ New Residential Units in Oakville, Ontario

About this update from Urban Infrastructure Group Inc.

UIG Awarded Additional Contract in Ongoing Multi-Phase Master-Planned Residential Community Brampton, Ontario--(Newsfile Corp. - July 6, 2026) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation"), a stage-one concrete and drainage infrastructure construction company specializing in large-scale residential housing developments, is pleased to announce that it has commenced work on an additional residential development consisting of more than 72 new housing units in Oakville, Ontario. The newly awarded contract is part of an ongoing multi-phase master-planned residential community that UIG has been actively supporting. Valued at approximately $750,000, construction commenced in July 2026 and is expected to be completed within approximately six months. Gary Alves, CEO of UIG, commented:"The newly announced Ontario HST rebate for new homes is now in effect, providing significantly greater tax relief for eligible homebuyers. This important measure is intended to improve housing affordability and stimulate new home construction, helping to accelerate the recovery of the residential development sector. Combined with the City of Toronto's recent reduction of development charges by up to 60% and similar initiatives being considered or implemented by municipalities across Ontario, these actions send a strong signal of support for increasing housing supply and encouraging new residential investment. We believe these measures will have a positive impact on the Greater Toronto Area housing market, and we are encouraged by the early signs of renewed activity in the new home building sector." About Urban Infrastructure GroupUIG is a concrete and drainage infrastructure construction group engaged in the earliest stage of the construction process, known as Stage One. Urban Infrastructure Group specializes in large-scale, master-planned residential communities and works with partners and customers involved in residential development projects in Ontario. Connect with UIG: https://urbaninfrastructuregroup.com/. Contact Krisztina AlvesT: 905-866-2483E: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This press release contains "forward-looking inf...

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