Macro Signs Construction Contract for Groundbirch Compressor Station

FORT ST. JOHN, British Columbia, Sept. 21, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) is pleased to announce that it has been awarded a contract for the construction of the Groundbirch Compressor Station, a two-unit greenfield compressor station located near Dawson Creek, B.C. that is part of the NOVA Gas Transmission Ltd. (“NGTL”) North Montney Mainline Project. NGTL is a wholly owned subsidiary of TransCanada Pipelines Limited.

The lump-sum contract value is in excess of $37.0 million.  The work includes the installation of two 15.1 megawatt ISO rated gas-turbine-driven centrifugal compressor units, consisting of a Solar T130 Dry Low Emissions gas turbine, a C65-2 Compressor and associated high pressure piping, buildings, civil works, structural steel and all station ancillary buildings and components.

Construction is expected to commence October 1, 2018, with substantial completion scheduled for the third quarter of 2019.

The Company

Macro’s core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry within Canada.  The Company’s corporate office is in Fort St. John, British Columbia.  Its shares are listed on the TSX Venture Exchange under the symbol MCR.  Information on the Company’s principal operations can be found at www.macroindustries.ca

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts.  Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the expected commencement and completion dates for the Groundbirch Compressor Station Project.  Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to the Company’s ability to obtain any permits, consents or authorizations required for its planned construction activities on the Project. Readers are referred to the Company’s public disclosure record which is available on SEDAR (www.sedar.com).  Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all.  Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.