Nasittuq Wins 7-year North Warning System Operations and Maintenance Contract

January 31, 2022

Nasittuq Corporation, an Inuit majority-owned corporation, has been awarded a Government of Canada
contract to operate and maintain the North Warning System (NWS). The seven-year contract, which will
begin on April 1, 2022, is valued at $592M and there are four two-year option periods.

Between 2001 and 2014, Nasittuq successfully operated and maintained 47 remote NWS sites in the
Canadian Arctic, in addition to three facilities in Ontario. With this new contract, Nasittuq will be
responsible for remote site operations including helipads, gravel runways, more than 100 buildings and
over 300 bulk fuel storage tanks. The work involves maintenance, logistics support, airlift coordination,
environmental systems management, systems engineering and project management.

“We’re thrilled to bring the North Warning System contract home,” said Jody Langelier, President,
Nasittuq. “The team is ready to deliver world-class technical and logistics services for this critical
defence infrastructure.”

“This contract represents an incredible opportunity for Inuit economic development in the North,” said
Harry Flaherty, Chairperson, Pan Arctic Inuit Logistics (PAIL), majority shareholder of Nasittuq. “As a
majority Inuit-owned corporation, Nasittuq will deliver long-lasting benefits to our Inuit shareholder
corporations and Inuit beneficiaries including earnings, employment, sub-contracting opportunities, and
training to Northerners.”

“Together, PAIL and ATCO Frontec have deep knowledge and understanding of operating in the North,”
said Jim Landon, President, ATCO Frontec, which holds 49% interest in Nasittuq. “With its technical
expertise, Nasittuq has once again proven it’s the right choice for Canada.”

The NWS is a chain of radar sites and support facilities that forms part of Canada’s North American
Aerospace Defense Command (NORAD) agreement with the United States. It was established in 1985 to
detect and allow for an early response to potential threats entering North American air space.

In Canada, the NWS consists of 47 radar sites located along the Arctic Ocean, including 11 long-range
radar sites, and 36 short-range radar sites. The Canadian facilities are remotely monitored and
controlled from North Bay, Ont. on a 24-7 basis.

About Nasittuq Corporation

Nasittuq is an Inuit registered firm with three shareholders: Nunasi Corporation holds 51% voting interests in
Nasittuq; Pan Arctic Inuit Logistics (PAIL) holds 51% equity interest in the company; and ATCO Frontec Ltd (ATCO)
holds 49% voting and equity interests. Since 2012, Nasittuq has been providing site support services as well as
program management and administration support under the Ellesmere Island Commercial Support contract at
Canadian Forces Station (CFS) Alert. More information can be found at www.nasittuq.com.

About Nunasi Corporation

Nunasi Corporation is a 100% Nunavut Inuit-owned development corporation dedicated to owning and managing
strategic investments in Nunavut and the Arctic.

About Pan Arctic Inuit Logistics Corporation

Established in 1994, Pan Arctic Inuit Logistics Corporation is wholly owned by the shareholder corporations that
represent the Inuit of Canada’s arctic regions: Inuvialuit Development Corporation; Makivik Corporation;
Nunatsiavut Group of Companies; Qikiqtaaluk Corporation; Sakku Investments Corporation, and Kitikmeot
Corporation. PAIL Corporation’s first initiative was to pursue the award of the North Warning System operations
and maintenance contract through a Joint Venture with ATCO. This partnership later became Nasittuq Corporation,
and today is majority owned by PAIL.

About ATCO

With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global corporation with
investments in the essential services of Structures & Logistics (workforce and residential housing, innovative
modular facilities, construction, site support services, workforce lodging services, facility operations and
maintenance, defence operations services, and disaster and emergency management services); Utilities (electricity
and natural gas transmission and distribution, and international electricity operations); Energy Infrastructure
(electricity generation, energy storage and industrial water solutions); Retail Energy (electricity and natural gas
retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. More information can
be found at www.ATCO.com.

For more information: https://nunatsiaq.com/stories/article/nasittuq-wins-592m-contract-to-help-run-north-warning-system/

Inquiries:

Nasittuq Corporation
Jody Langelier
President
T: 613-857-5587
Jody.langelier@nasittuq.com

PAIL
Harry Flaherty
Chairperson, Pan Arctic Inuit Logistics Corporation
HFlaherty@qcorp.ca

ATCO
Jim Landon
President, ATCO Frontec
T: 403-370-7372
Jim.Landon@atco.com