Aecon Group Inc.
TSX : ARE

Aecon Group Inc.

November 03, 2008 17:00 ET

Aecon Awarded Mine Contract

TIMMINS, ONTARIO--(Marketwire - Nov. 3, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today announced that its wholly-owned subsidiary, Leo Alarie and Sons Construction Ltd. has formed a joint venture with the Wahgoshig First Nation. The Joint Venture is carrying on business under the operating name of "Wahgoshig Alarie Construction" (WAC). WAC has been awarded a project by Apollo Gold Corporation, to assist in the opening of the Black Fox mine near Matheson, Ontario.

Under the terms of the approximately $15 million contract, WAC will:

- Excavate and dispose of over 2 million cubic metres of overburden, construct mine access roads and construct overburden disposal sites. This portion of the project has already begun, and is scheduled for completion in April of 2009.

- Construct holding and transitional ponds for dewatering of the mine and to allow for the commencement of mining operations. This part of the project has begun, and is scheduled for completion in January of 2009.

"This project is an ideal opportunity for Leo Alarie and Sons Construction Ltd. to demonstrate its multi-faceted expertise in pit mining and heavy construction," said Teri McKibbon, CEO of Aecon's Infrastructure Group. "We are very pleased to be working with Apollo Gold Corporation and our partners the Wahgoshig First Nation to assist in the opening of the Black Fox mine in northern Ontario."

Aecon Group Inc. is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.

Leo Alarie and Sons Limited (LAS), is an integrated construction and materials company active throughout northern Ontario in heavy construction, engineered construction, pre-engineered buildings, contract open pit mining, and aggregate supply.

The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are discussed in greater detail in the section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial Condition for the year ended December 31, 2007 filed on SEDAR at www.sedar.com. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

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