A.C.L. Construction Ltd. to Settle Debt Through Share Issuance

FORT ST. JOHN, British Columbia — July 10, 2026 — Leads & Copy — A.C.L. Construction Ltd. intends to settle $35,000 of outstanding debt to one of its directors through the issuance of 116,667 common shares, subject to the approval of the TSX Venture Exchange. The shares will be issued at a deemed price of $0.30 per share. This transaction is considered a related-party transaction under Canadian securities laws.

The debt being settled is related to a loan previously advanced by the director to the company. Following the completion of this share issuance, A.C.L. Construction anticipates having 73,638,741 common shares outstanding.

The shares issued to settle the debt will be subject to a standard four-month-and-one-day statutory hold period from their issuance date, in accordance with Canadian securities regulations.

As the recipient of the shares is a director of the company, the transaction falls under Multilateral Instrument 61-101, which governs the protection of minority security holders in special transactions. A.C.L. Construction is availing itself of exemptions from the formal valuation and minority shareholder approval requirements outlined in MI 61-101. These exemptions are based on the assertion that the fair market value of the securities to be issued and the consideration involved do not exceed 25% of the company's market capitalization.

A.C.L. Construction is a civil construction firm based in Northeastern British Columbia, specializing in infrastructure services crucial to Western Canada's resource sector. The company's services include large-scale earthworks, underground utility installations and tie-ins, oilfield road construction and maintenance, project management, and remediation and reclamation work in challenging and remote environments.

The company is publicly traded on the TSX Venture Exchange under the symbol ACL, on the OTCQB as AACLF, and on the Frankfurt Stock Exchange under the symbol A3LO.

Source: A.C.L. Construction Ltd.