Market Overview

Stantec signs Letter of Intent to acquire True Grit Engineering

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55-person firm has strong environmental services and infrastructure
experience, expanding Company presence in northern Ontario

Global engineering and design firm Stantec has signed a Letter of Intent
to acquire True Grit Engineering, a well-respected leader in
infrastructure engineering, project management and planning, and
environmental services. True Grit Engineering's clients range from all
levels of government, Indigenous communities, Hydro One, Resolute Forest
Products, and various municipalities throughout northern Ontario. Some
of True Grit Engineering's notable projects include northern remediation
work, design-builds, total project management, highway design, major
development permitting, and approvals. Concentrated in Thunder Bay, the
firm has regional offices in Sioux Lookout and Welland.

"We are excited to welcome True Grit Engineering to our northern Ontario
operations," says Stantec vice president Eric Wiens. "We have a
longstanding relationship with True Grit Engineering and have
experienced the quality work they deliver after partnering with them on
a number of great projects. True Grit Engineering will increase our
office presence in key markets, providing our clients and the local
community with increased personal contact and a deep knowledge of issues
impacting projects."

Geographically, True Grit Engineering strengthens Stantec's foothold in
northern Ontario. Their deep relationships and proven ability to address
their client's needs provides great opportunity to further develop
buildings, transportation, water, and mining expertise in the
northwestern Ontario market. True Grit Engineering has touchpoints into
multiple Stantec Geographies and proximity to northern Ontario.

"Over the past the 13 years, True Grit Engineering has developed strong
relationships with numerous clients throughout northern Ontario based on
the quality of expertise and services our people provide. As True Grit
Engineering grew, our clients responded by asking us to take on greater
and more complex challenges while providing a wider variety of
engineering services," says Eric Zakrewski, President and CEO, True Grit
Engineering. "True Grit Engineering continually worked to find ways to
meet our client's growing needs. Joining Stantec allows True Grit
Engineering to offer world-class expertise and a much wider variety of
services through the same team that our clients have grown to trust. As
a trusted joint venture partner to several Indigenous communities
throughout northern Ontario, we are also excited to be able to assist
our partners as Stantec and respond to business opportunities and
engineer infrastructure to meet the needs of their growing communities."

True Grit Engineering's services and relationships span multiple Stantec
business lines and their deep relationships create an opportunity to
diversify buildings, transportation, water, and mining expertise in
northern Ontario. True Grit Engineering's values and practices align
closely with Stantec's and they presently have a proven working
relationship with Stantec's Winnipeg office.

The True Grit Engineering acquisition is expected to close in Q4 2018.

About Stantec

Communities are fundamental. Whether around the corner or across the
globe, they provide a foundation, a sense of place and of belonging.
That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities
too. This allows us to assess what's needed and connect our expertise,
to appreciate nuances and envision what's never been considered, to
bring together diverse perspectives so we can collaborate toward a
shared success.

We're designers, engineers, scientists, and project managers, innovating
together at the intersection of community, creativity, and client
relationships. Balancing these priorities results in projects that
advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at
stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements. By their nature,
forward-looking statements require us to make assumptions and are
subject to inherent risks and uncertainties. There is a significant risk
that a number of factors could cause actual future results to differ
materially from the forward-looking statements made in this news
release. These factors include, but are not limited to, the risk that
the proposed transaction does not close when expected or at all or that
the anticipated benefits of the transaction are not realized.

Design with community in mind

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