Tervita Corporation Announces Sanction of Water Disposal Infrastructure Project Backed By Multi-Year, Contracted Agreement with a Senior Producer, and Revised Capital Guidance

Press Release

CALGARY, ALBERTA, (June 4, 2019 )– Tervita Corporation (“Tervita” or the “Corporation”) (TSX: TEV) announced today a long term commercial agreement with a Senior E&P Producer (“Producer”) to develop a pipeline connected dedicated disposal infrastructure project.  The agreement provides Tervita with minimum volume commitments over a five year term with the potential to negotiate an extension.  The agreement gives the Producer guaranteed access to cost efficient water disposal, allowing the Producer to prioritize their capital spending on their core operations.

Under the agreement, Tervita is developing a water disposal network including multiple water disposal wells and a centralized water injection facility pipeline connected to the Producer’s production facilities, in one of the most prolific areas of activity in the Alberta Montney.  The disposal infrastructure is expected to be constructed  throughout 2019 and commissioned in Q1 2020.

“We are excited about working in partnership to provide long term, committed services that are cost effective, leverage efficiencies and allow our customer to free up resources to focus on their own corporate initiatives, through our safe, efficient and environmentally responsible solutions,” said John Cooper, President and CEO of Tervita. “This innovative business model demonstrates our expertise in seamlessly integrating with customers to align with their standards for operational excellence, and we are pursuing more opportunities like this with customers.”

In connection with the full commitment to this agreement and the success of our drilling program to date, we now anticipate spending approximately $90-$100 million on expansion and growth projects versus our previous guidance of $60-$100 million.  Tervita continues to see customer demand that supports a further $200-$300 million pipeline of organic growth capital projects providing attractive after tax rates of returns and paybacks of three to five years.

About Tervita

Tervita is a leading waste management and environmental solutions provider offering waste processing, treating, recycling, and disposal services to customers in the oil and gas, mining, and industrial sectors. We serve our customers onsite and through a network of facilities in Canada and the United States.

For 40 years, Tervita has been focused on delivering safe and efficient solutions through all phases of a project while minimizing impact, maximizing returns™. Our dedicated and experienced employees are trusted sustainability partners to our clients. Safety is our top priority: it influences our actions and shapes our culture. Tervita trades on the TSX as TEV. For more information, visit tervita.com.

For more information, or to speak to a Tervita representative, please contact:

Investor Relations: ir@tervita.com 1-866-233-6690

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