**J.L. RICHARDS & ASSOCIATES LIMITED NEWS RELEASE**

J.L. Richards & Associates Limited announced today that it has acquired Timmins-based engineering firm Porcupine
Engineering Services (PES). This exciting strategic integration will allow JLR to expand its existing team
in Timmins and offer a diversified suite of services to clients in the mining, industrial, forestry, and energy sectors in northern Ontario and beyond. PES is a multidisciplinary engineering firm with specialized expertise in brownfield mining.

Founded in 2004 by partners Mario Colantonio, Frank O’Donnell, and Brian Emblin, PES has a proven reputation in northern Ontario for high quality design and project management. Mario, Frank, Brian, and the existing PES team will be integrated into JLR’s established Industrial & Mining Group. With the combined capabilities of this newly expanded team, JLR will have an unprecedented capacity to provide bespoke solutions to meet the unique needs of its industrial and mining clients.

“This represents a significant business development and technical growth opportunity for us all,” says Guy
Cormier, JLR President and CEO.

“Where once stood two competitors now stands a stronger, more dynamic, and unified front. The entire JLR team is incredibly excited about the new opportunities that this partnership will bring. This is a very positive and exciting time for us.” adds Brian Emblin. “We truly are better and stronger together.” 

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